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Cable Update (GBPUSD)

  • #720,861
  • Jan 13, 2023 1:16pm Jan 13, 2023 1:16pm
Very informative take me in as your student i wanna learn your ways
  • #720,862
  • Jan 13, 2023 1:25pm Jan 13, 2023 1:25pm
Quoting Georginson
{quote} Rubbish price action this week... Horrible for trend traders, suitable for scalpers...
Georginson, today is not so bad. I can make sense of it but in prior days I couldn't make decisions on the fly so I missed trades. It was frustrating.
Always trade your own plan...I don't provide trading signals.
  • #720,863
  • Jan 13, 2023 1:31pm Jan 13, 2023 1:31pm
Quoting Coreg2004
{quote} Georginson, today is not so bad. I can make sense of it but in prior days I couldn't make decisions on the fly so I missed trades. It was frustrating.
I can relate to this!
  • #720,864
  • Jan 13, 2023 1:46pm Jan 13, 2023 1:46pm
The data that I am looking at shows the volume of trades dropping to 1/2 or 1/4 of normal. Any thoughts on how this will impact the close?
  • #720,865
  • Jan 13, 2023 1:48pm Jan 13, 2023 1:48pm
Quoting bilal1947
{quote} Hi Teek Just curious, ever come across an EA or developed which map these ICT market/maker profiles and price action on these specific timings to trade? thanks for valuable posts. regards bilal
HI BILAL : TAKE A LOOK ON THIS , ITS NOT MINE ,
Inserted Video

https://www.mql5.com/en/market/produ...Profile+Seller
ALSO THIS EA EXPLAINED ON THIS POST
https://www.forexfactory.com/thread/...8#post14203098
Attached File(s)
File Type: ex4 FXOB_SD_RANGES_v6.035_Fixed.ex4   864 KB | 277 downloads
  • #720,866
  • Jan 13, 2023 1:48pm Jan 13, 2023 1:48pm
Quoting Wavegarrick
{quote} With my daily pivot at 1.21826 and my monthly pivot at 1.21769 just below. I will look for reversal signals back up around this area. Cheers.
Trades off my monthly pivot at 1.21769 working out just fine. We do seem to be a bit overbought, nevertheless all trades locked in and lets see what next week brings.
Have a great weekend,
Cheers.
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Trade to trade another day
  • #720,867
  • Jan 13, 2023 1:51pm Jan 13, 2023 1:51pm
Quoting Coreg2004
{quote} RemyLou, I was sarcastic bc I believe traders have a million reasons to take profit or enter counter-trend trade. But we can name these reasons any way we want. Here is the next potential stop-loss hunting. {image}
Thanks
Lou Vincii Code
  • #720,868
  • Jan 13, 2023 2:28pm Jan 13, 2023 2:28pm
Quoting pipcenturion
{quote} Let's view this on the H1 time frame. The 1.218X support had been breached by the bearish marubozu but price reclaimed ABOVE the support level. My cumulative net volume for today is positive (excess buy orders) so I would gladly take buy positions at support levels. The 15 min tf shows it even pristine clear. Regards sir!
Let's view this on the H1 time frame. The 1.218X support had been breached...

That is all well and good. But I said that for me, until evidence to the contrary, it is only a RETRACEMENT, and I normally trade continuations, not retracements. I also said that if I WERE to try to trade that retracement, I would be doing it based on how SMALLER TFs are building the H1, not by looking directly at H1.
To free Gazans of Hamas, use whatever it takes.
  • #720,869
  • Jan 13, 2023 3:00pm Jan 13, 2023 3:00pm
Perhaps this image will help to clarify what I am saying without the clutter of price bars.
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To free Gazans of Hamas, use whatever it takes.
  • #720,870
  • Jan 13, 2023 3:21pm Jan 13, 2023 3:21pm
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Quoting elbert3
2182 is 61.8 fib and ext should be 2336 possibly
as above . Resistance coming up on the dt 1 hour . It’s not been easy let me tell you . If it breaks 2345 is a possible target
  • #720,871
  • Jan 13, 2023 3:25pm Jan 13, 2023 3:25pm
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just watching this going on. Short of it does under the black line
  • #720,872
  • Jan 13, 2023 3:52pm Jan 13, 2023 3:52pm
Anything less than putting this hustle on Forbes is unacceptable. We all dream differently.

Beautiful!! isn’t it ? with 110 pips running.
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My telegram: https://t.me/avidforex
  • #720,873
  • Jan 13, 2023 6:50pm Jan 13, 2023 6:50pm
Anyone riding BTCUSD..??
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  • #720,874
  • Jan 13, 2023 7:29pm Jan 13, 2023 7:29pm
Quoting BigNumbers
{quote} I took this BTCUSD trade on Monday and I posted it on this forum. And it was about 180 pips and Tp is hit. Now I am posting another one. If the weekly candle does not reject today this trade would hold and Tp is about 250 pips. Good luck. {image}

Booked profit 250 pips with a big smile. We did more than 1000 pips this week. M
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My telegram: https://t.me/avidforex
  • #720,875
  • Jan 13, 2023 10:29pm Jan 13, 2023 10:29pm
Quoting bilal1947
{quote} well we only have to choose from below options either (A) LHs/HLs alone or (B) Stop hunt with LHs/HLs
Reference to the above post, Give this chart some time that is how i see the live while it is unfolding

Red lines are H4 High/Lows and Green Lines are M30 High/lows, yellow ones are FVG after stop hunts
- before computers it is only open high low and close people used to see right !

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It may be a HINDSIGHT chart but i call it BACK TESTING ! Voila

perhaps that's the only way i can learn is with back testing and its perfect way to learn folks for you too i am sure every one doing it already
to see where we went wrong, back testing is never HINDSIGHT which helped me call this week CPI news, if you may

Ref to CPI levels before it even unfolds:
https://www.forexfactory.com/thread/...8#post14285748

enjoy the week end
regards
bilal
"Exchange of hands"
  • #720,876
  • Jan 13, 2023 10:38pm Jan 13, 2023 10:38pm
long term view

dollar index week

symmetric trading
done falling DXY

time to prepare for the fall of gu
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  • #720,877
  • Jan 13, 2023 10:42pm Jan 13, 2023 10:42pm
Quoting bilal1947
{quote} Reference to the above post, Give this chart some time that is how i see the live while it is unfolding Red lines are H4 High/Lows and Green Lines are M30 High/lows, yellow ones are FVG after stop hunts - before computers it is only open high low and close people used to see right ! {image} It may be a HINDSIGHT chart but i call it BACK TESTING ! Voila perhaps that's the only way i can learn is with back testing and its perfect way to learn folks for you too i am sure every one doing it already to see where we...
Wow I am doing same thing right now... I like to keep my chart simple and clean... I do not like fancy and too much indicator because I do not need it.... I also plot 4H and 1H support and resistance and went to 15 min chart.... that's give you better look, better understanding of what's going on... and I am doing this from few weeks and it gives me really good results....

Panzon Suhas
!! Radha Radha !!
  • #720,878
  • Jan 13, 2023 11:18pm Jan 13, 2023 11:18pm
Quoting Fardeen1209
{quote} Hope 1hr OB protect me
Searched for why that OB didnt worked out is because a valid OB is considered only when it is a liquidity sweep. The OB at 1.2189-1.2180 on 1hr TF, which got wreck and the OB at 1.2174-1.2165 took all the stops of the 1.2189-0 OB and/or under it. The 1.2174-65 Dzone(OB) is where the institutional orders actually lies so when price return to it, they may fight the bears to protect the wall.

Any comment of different views is welcomed.

Ps: will post chart once i reach home.
More time in the market, does not mean you trade better!
  • #720,879
  • Jan 14, 2023 12:59am Jan 14, 2023 12:59am
This week produced the second lowest weekly range since June 2022... Coincidentally, the high there was 1.2331 with low volume... So price from 1.22 - 1.23 comes with low volume... Expect 1 - 2 more weeks of ranging... I will react accordingly.

I came into this week with the mindset of 250 pips minimum for the week, hence it affected my decision making of removing entries at good prices thinking the range will still stretch.. I did close them for lack of conviction..

Next week, I will adjust and see how it will play out...

Happy weekend Guys...
Data + Stat + Risk/Emotions Management
  • #720,880
  • Jan 14, 2023 2:13am Jan 14, 2023 2:13am
Quoting Teek
I talked about the London Setup and the leftover Asia Low in my previous posts today and I mentioned it's a clean ICT setup. Here is the 1 Minute chart (hindsight) as it played out, to compliment my previous posts. I presonaly keep it more simple, I trade the "Reach" on the M5 or M15 because I'm reckless and I do this so often, and I am really shit with 1 minute charts. But this is how the full priceaction setup plays out, all the time... Full "Smart Money Reversal". ICT Market Maker Model + Fair Value Gap Setup in action (M1): {image}
Hi Teek,
Can you explain more about ICT Market Maker Model?
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