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Cable Update (GBPUSD)

  • #721,161
  • Jan 16, 2023 5:47am Jan 16, 2023 5:47am
Waiting for another drive up above 1.2240 to sell

If it doesn't appear then no trade today

This was my Sunday forecast but unfortunately it transpired overnight and i didnt profit
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  • #721,162
  • Jan 16, 2023 5:49am Jan 16, 2023 5:49am
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  • #721,163
  • Jan 16, 2023 5:50am Jan 16, 2023 5:50am
Quoting BigNumbers
Hopefully before the end of the month I would have graduated to the next stage where I will only get to check my “trade execution progress” at the end of each session instead of staying glue to the chart which often times affect my trade psychology and minimize my potentials. Every day we keep learning.. I also need to study The effect of time in Trading. I understand Time is very important in life; now I need to know its affect in trading by studying the chart myself.
It's all about consistency and discipline. I sleep through all of my trades, have been for 12 years now.

Cheers
Guy
  • #721,164
  • Jan 16, 2023 5:58am Jan 16, 2023 5:58am
Quoting Guy1969
{quote} It's all about consistency and discipline. I sleep through all of my trades, have been for 12 years now. Cheers Guy
Wanna be you when I grow up
  • #721,165
  • Jan 16, 2023 6:01am Jan 16, 2023 6:01am
Added long at 12200. TP 123
Insane in the Brain..
  • #721,166
  • Jan 16, 2023 6:04am Jan 16, 2023 6:04am
Quoting BrainBucks
{quote} Wanna be you when I grow up
When you find what works for you in a Forex Trading Strategy, put in the screen time to perfect it. I know that Wave Theory is not everyone's cup of tea, but I committed hundreds of hours studying it, to the point that I could comfortably use it to my benefit. There are other traders here who also decided on what works for them, and then moving onto perfecting it.

So regardless of your strategy, your responsibility is to perfect it to the extend that it gives you an edge.

Good luck with your trading journey.
Guy
  • #721,167
  • Jan 16, 2023 6:07am Jan 16, 2023 6:07am
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yes yes yes
  • #721,168
  • Jan 16, 2023 6:10am Jan 16, 2023 6:10am
Quoting MrFanciful
{quote} No...Never had a positive week or month.

Just be consistent, it won’t be long…
My telegram: https://t.me/avidforex
  • #721,169
  • Jan 16, 2023 6:17am Jan 16, 2023 6:17am
Quoting Moty
1.22761 was a perfect to short with 10-20 pips sl There was a drop of 100 pips from there {image}
https://www.forexfactory.com/thread/...6#post14289156
Together we can be strongest
Vantage Return This Month: na
  • #721,170
  • Jan 16, 2023 6:33am Jan 16, 2023 6:33am
Again, for the people who message me
Thank you for your kindness, please understand that I am not a signalservice.
This is how I read the overall pricechart. Nothing is set in stone but as long as we trade above the EMA 21 Daily (also plotted on Intraday chart) my Bias is bullish.
I was on the short timeframes waiting for a clean setup this morning. Neither Asia Low or Asia High delivered a clean setup, so I took no trade.
Detailed explanation for why I see this bullish is on the chart. Again: nothing is set in stone, I can be wrong or right, that does not matter to me!
When we start trading below EMA 21 Daily and Open/Close below current Range, we had a fakeout to the upside and a rangebreak. Then, and only then, my Bias shifts to Short.
Again, Bias alone does nothing! What matters are clean Setups, and I am waiting for one in Discount range. When I get it, I trade it. When I don't get it, I wait and see what happens.
And again: I do not provide Signals. I will not tell you where I take entries because when I trade an SMR I take a very agressive entry and I scale in along the way. My targets though should be pretty clear by now.
That's it from me. (it's too time consuming, please understand, thank you)
Happy trading and good luck.

H1 chart and how I read it
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you are not expected to understand this
  • #721,171
  • Jan 16, 2023 7:03am Jan 16, 2023 7:03am
ty mister 60 to 10 pips P/L strategy
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yes yes yes
  • #721,172
  • Jan 16, 2023 7:06am Jan 16, 2023 7:06am
Let's see if today close below of the pivot weekly in 1.2164.
Together we can be strongest
Vantage Return This Month: na
  • #721,173
  • Jan 16, 2023 7:18am Jan 16, 2023 7:18am
Long 1.2184 SL 1.2179
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #721,174
  • Jan 16, 2023 7:20am Jan 16, 2023 7:20am
Seniment 50/50. This is the time where you could buy or sell with majority without any troubles.
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  • #721,175
  • Jan 16, 2023 7:22am Jan 16, 2023 7:22am
Quoting Teek
Again, for the people who message me Thank you for your kindness, please understand that I am not a signalservice. This is how I read the overall pricechart. Nothing is set in stone but as long as we trade above the EMA 21 Daily (also plotted on Intraday chart) my Bias is bullish. I was on the short timeframes waiting for a clean setup this morning. Neither Asia Low or Asia High delivered a clean setup, so I took no trade. Detailed explanation for why I see this bullish is on the chart. Again: nothing is set in stone, I can be wrong or right, that...
Yes - ICT has video's commenting on equilibrium etc etc.
every Saint has a past. Every Sinner has a Future
  • #721,176
  • Jan 16, 2023 7:46am Jan 16, 2023 7:46am
Not expecting much in volumes this afternoon either with USA on bank holiday.
Insane in the Brain..
  • #721,177
  • Jan 16, 2023 7:51am Jan 16, 2023 7:51am
Quoting Kwt4x
{quote} No, for the last 5 days the monthly MA was strong support (gold MA), yesterday and today the weekly took over (blue MA) changing direction should be breaking daily range(white BB) + yesterday Low we should have Higher High to confirm current direction is intact {image} cheers,
4th weekly support, next reading should be HH(Higher High)

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cheers,
"the public is not yet ready for it" W.D. GANN
  • #721,178
  • Jan 16, 2023 7:59am Jan 16, 2023 7:59am
This a trap
Took short with the system
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yes yes yes
  • #721,179
  • Jan 16, 2023 8:04am Jan 16, 2023 8:04am
M15 HL-LH Breaks respected on M1 today.

Current.
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Take it easy.
  • #721,180
  • Jan 16, 2023 8:11am Jan 16, 2023 8:11am
I'm buy bias until 1.2350x Goodluck to me!
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Set GOAL, REACH and REPEAT.
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