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Cable Update (GBPUSD)

  • #720,821
  • Jan 13, 2023 10:42am Jan 13, 2023 10:42am
3 SL’s at 12177 which should give me a a few pips profit. I will the. Look to go long at a lower area if we get there
Insane in the Brain..
  • #720,822
  • Jan 13, 2023 10:44am Jan 13, 2023 10:44am
Quoting noox
{quote} One man's ict is another's Wyckoff, LOL.
noox, and Dow Theory, Sperandeo's 2B, Raschke's Turtle soup, Miner's ABC (see my chart in the prior post)...and on and on.
Always trade your own plan...I don't provide trading signals.
  • #720,823
  • Jan 13, 2023 10:45am Jan 13, 2023 10:45am
Added sell 1.2192

SL For all 1.225

finger cross
  • #720,824
  • Jan 13, 2023 10:52am Jan 13, 2023 10:52am
Quoting Coreg2004
{quote} noox, and Dow Theory, Sperandeo's 2B, Raschke's Turtle soup, Miner's ABC (see my chart in the prior post)...and on and on.
Which makes it very convenient for MMs because they don't have to track every single strategy, they can wipe s/ls all at once.
  • #720,825
  • Jan 13, 2023 10:52am Jan 13, 2023 10:52am
Seems that there is a huge resistance level at 12220 seems to be currently supporting at daily pivot
Insane in the Brain..
  • #720,826
  • Jan 13, 2023 10:54am Jan 13, 2023 10:54am
Quoting eyefeelsix
{quote} LL
i need your help here.
  • #720,827
  • Edited 11:08am Jan 13, 2023 10:56am | Edited 11:08am
Quoting pipcenturion
My VAP reading is suggesting that GU will make a new high today. Edit: can 1.2182 serve as a quasimodo entry for buy on H1?
New destination 1.2265
Attached Image (click to enlarge)
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Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #720,828
  • Jan 13, 2023 10:59am Jan 13, 2023 10:59am
Quoting Whale
{quote} i need your help here.
let's play, I'm in free time lately
https://breakpullback.com
  • #720,829
  • Jan 13, 2023 11:01am Jan 13, 2023 11:01am
Quoting eyefeelsix
{quote} let's play, I'm in free time lately
help me lift the dollar. So heavy!
  • #720,830
  • Jan 13, 2023 11:02am Jan 13, 2023 11:02am
Quoting noox
{quote} Which makes it very convenient for MMs because they don't have to track every single strategy, they can wipe s/ls all at once.
noox, I'm a wizard in conspiracy theories but somehow I don't believe the MMs give a rat A$$ where our stops are. On the other hand, if we know about stop-loss hunting, why don't do something about it?
Always trade your own plan...I don't provide trading signals.
  • #720,831
  • Jan 13, 2023 11:14am Jan 13, 2023 11:14am
Quoting Coreg2004
{quote} noox, I'm a wizard in conspiracy theories but somehow I don't believe the MMs give a rat A$$ where our stops are. On the other hand, if we know about stop-loss hunting, why don't do something about it?
You can use limit orders in the opposite direction instead of stop loss orders.
Brokers get paid for selling the Stop Loss data to large institutions so it will be hard to remedy fairly.
  • #720,832
  • Jan 13, 2023 11:15am Jan 13, 2023 11:15am
Quoting Teek
And now look what we have pre-NY, look what London just did. I DON'T TRADE IT BECAUSE IT'S FRIDAY!!! Do not take it!!! But if this was Monday to Thursaday, I take this all the time.{image} Short setup 10:00, one hour into London. It took out Asia High and yesterdays High. Asia Low was left untouched, that's target.{image} and that's how London played out. This repeats all the time. Does it always work? NO, you have losing trades. But if this setup gets stopped yo still took a good trade! Because the setup is profitable LONGTERM. I trade this all...
Just to simplify I have just coded this indicator for those who want to trade this strategy. Back test is great.
Pink color is Asian Session and Green color is Frankfurt area, that is to be looked for opportunity.
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 FrankFurt Trader.ex4   21 KB | 269 downloads
  • #720,833
  • Jan 13, 2023 11:20am Jan 13, 2023 11:20am
Cought nice scalp in the 1m chart
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yes yes yes
  • #720,834
  • Jan 13, 2023 11:20am Jan 13, 2023 11:20am
Quoting dantpm
{quote} You can use limit orders in the opposite direction instead of stop loss orders. Brokers get paid for selling the Stop Loss data to large institutions so it will be hard to remedy fairly.
That is what I always do. I don't use stop loss, rather Stop Orders.
Stop loss provides liquidity and chances are to be filled for liquidity spikes. Stop Orders need liquidity to be filled, so your SL is not filled for Liquidity hunting.

On some good setup I close the profit trade and look for retrace, and that loss is recovered 80 Percent of the Times.
  • #720,835
  • Jan 13, 2023 11:24am Jan 13, 2023 11:24am
Nice set up for 20 pips
Attached Image (click to enlarge)
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yes yes yes
  • #720,836
  • Jan 13, 2023 11:26am Jan 13, 2023 11:26am
Quoting Moty
Cought nice scalp in the 1m chart {image}
You are just Gambling with huge lots with that account size. Good Luck
  • #720,837
  • Jan 13, 2023 11:38am Jan 13, 2023 11:38am
Quoting Teek
{quote} It's Friday
So we got move up as said. It's always the same.. I know this day is not exactly alive or full of action, but thing was to buy on low before news. Nothing fancy I wanted.

  • #720,838
  • Jan 13, 2023 11:39am Jan 13, 2023 11:39am
Yellen urges U.S. Congress to act quickly on debt limit
https://www.reuters.com/markets/us/y...it-2023-01-13/
Insane in the Brain..
  • #720,839
  • Jan 13, 2023 11:43am Jan 13, 2023 11:43am
Quoting Coreg2004
{quote} noox, I'm a wizard in conspiracy theories but somehow I don't believe the MMs give a rat A$$ where our stops are. On the other hand, if we know about stop-loss hunting, why don't do something about it?
I suppose that my point was in a very clumsy way that they don't have to worry about those. It doesn't really matter if we call it s/l, liquidity, path of least resistance, whatever - they just fill orders and push prices where the most orders get filled: and this is a very common idea across the better market theories I've seen. As for "s/l-hunting": MMs don't care if it's actually an exit or an entry into the market, they just see an order that they want to fill - that's the actual purpose of their existence.
  • #720,840
  • Jan 13, 2023 11:48am Jan 13, 2023 11:48am
Quoting BeeTogether
Yellen urges U.S. Congress to act quickly on debt limit https://www.reuters.com/markets/us/y...it-2023-01-13/
It is a total joke. The debt ceiling legislation gets wrapped in other legislation that politicians want to get passed in a hurry. Denies other politicians the opportunity to question or investigate the need for the legislation.

Happens regularly!
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