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Cable Update (GBPUSD)

  • #722,141
  • Jan 20, 2023 2:58am Jan 20, 2023 2:58am
Quoting suhas316
{image}
That is one of the cleanest support and resistance indications charts that I have seen in a while. Is it a tradingview indicator?
  • #722,142
  • Jan 20, 2023 3:00am Jan 20, 2023 3:00am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD BID 1H since 1100 2023-01-13 to 1200 2023-01-21.png Size: 61 KB
  • #722,143
  • Jan 20, 2023 3:03am Jan 20, 2023 3:03am
Quoting Robinhood1
{quote} If this is what you mean, 20k to 21k to fill the gap
.
POSTMASTER
  • #722,144
  • Jan 20, 2023 3:03am Jan 20, 2023 3:03am
Possible scenario from Reuters suggestion. Maybe..
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  • #722,145
  • Jan 20, 2023 3:04am Jan 20, 2023 3:04am
Quoting Pat Chiko
MIND SET and TRADING PLAN To succeed ... a trader must have to give up the notion of trying to predict the market. And until we realize that, we will consistently be a loser. I've been there, done that. All I see is, "So where do you think it's going to go?" or, "So how many pips is it going to go?" Ya know what that means when you ask that? It means that you're not going to go into the trade with a plan. Instead, you're relying on speculation of what people on a forum think is going to happen. And they have no idea neither. It's all cool to talk...
I've gone back to basics.

I used to be a lot more successful a few years ago when I was mainly scalping using stochastic "overbought" and "oversold" zones. All my meltdowns and lost accounts have been the result of all this Order Block, FVG and mitigation stuff. I bought into the whole SMC because who doesn't want to think of themselves as being smart right? What institutional traders use a stochastic on the 100pip chart to base their trading decisions on? Probably none.

I've gone back to demo trading to get comfortable trusting this system again. All I do is scalp for 10 pip targets on the 100pip chart. So far I have a 74% win rate in the last 24 hours with 17 wins out of 23 trades, risk of 2% per trade with 5 pip SL so 4% profit per 10 pip win.

I have given up trying to predict what its going to do. If I get a sell signal, I sell. A buy signal, I buy. If it's a loss, I lose.
  • #722,146
  • Jan 20, 2023 3:05am Jan 20, 2023 3:05am
Quoting Robinhood1
I beleive BTC could reach 400K in a few years, maybe less
.
POSTMASTER
  • #722,147
  • Jan 20, 2023 3:05am Jan 20, 2023 3:05am
Quoting dantpm
{quote} That is one of the cleanest support and resistance indications charts that I have seen in a while. Is it a tradingview indicator?
No it's not in tradingview indicator....
But check the following link.... change some setting and you will get the same result as above... or even better...

https://www.tradingview.com/script/l...resistance-LM/
!! Radha Radha !!
  • #722,148
  • Jan 20, 2023 3:08am Jan 20, 2023 3:08am
Quoting Yngwie
Sold 1.2393
Quoting Yngwie
GU struggle want to touch 1.2346
Finally touch closed for 50 pips What a day
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #722,149
  • Jan 20, 2023 3:08am Jan 20, 2023 3:08am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 jan 20 mm.png Size: 41 KB
  • #722,150
  • Jan 20, 2023 3:09am Jan 20, 2023 3:09am
Hello friends!!

I just got home about half an hour ago after working so many hours this week, especially Thursday and today. I entered this trade and made come coffee and a sandwich to eat. I won't be here for long because I'm tired, but I'll be here for a little while

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I am neither brave nor stupid...I am just a part time trader
  • #722,151
  • Jan 20, 2023 3:09am Jan 20, 2023 3:09am
My areas of interest today for shorts are 12337 (daily s1) followed by 123 and then finally 12250 the last 2 being a rounded psychological area
Insane in the Brain..
  • #722,152
  • Jan 20, 2023 3:10am Jan 20, 2023 3:10am
Quoting dantpm
{quote} That is one of the cleanest support and resistance indications charts that I have seen in a while. Is it a tradingview indicator?
Play with settings... I just show you an example...
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 32 KB
!! Radha Radha !!
  • #722,153
  • Jan 20, 2023 3:11am Jan 20, 2023 3:11am
Long 1.2341 SL 1.2335
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #722,154
  • Jan 20, 2023 3:12am Jan 20, 2023 3:12am
I am short EU amongst all the mess of arrows.

Attached Image (click to enlarge)
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POSTMASTER
  • #722,155
  • Jan 20, 2023 3:12am Jan 20, 2023 3:12am
Quoting Pat Chiko
{quote} Nice Bro. Strong mind. When LO spike 25 pips up, I saw weak trader start to doubt their position, thus closed it in hurry. Some even reverse and go LONG. Strong mind and experience traders seek this opportunities to sell at premium The most difficult part of trading is mindset.
Very true man

Last year I would have seen it as a buy opportunity

But I can see with some experience the market wants to make a double top on the HTF to build liquidity to take next week

We also see the highest weekly volume created in a supply at the HOD, so I see it as traders taking profit on a Friday

You need to think about every position we're competing in a zero sum game
  • #722,156
  • Jan 20, 2023 3:14am Jan 20, 2023 3:14am
Quoting Pat Chiko
MIND SET and TRADING PLAN To succeed ... a trader must have to give up the notion of trying to predict the market. And until we realize that, we will consistently be a loser. I've been there, done that.
Hello Pat

Yes, I have been there and done that too and it doesn't work for me. I am pretty sure that some people can predict the market, especially on long term trades and fundamentals, but I am no good at either!! I agree though, you must have a plan, and even more important, you MUST stick to the plan or else you will lose....and you must be patient.

Coffee helps too
I am neither brave nor stupid...I am just a part time trader
  • #722,157
  • Jan 20, 2023 3:15am Jan 20, 2023 3:15am
Gbpnzd: target 1.8600

Attached Image (click to enlarge)
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POSTMASTER
  • #722,158
  • Jan 20, 2023 3:17am Jan 20, 2023 3:17am
Morning All,

Nothing changed, bulls still bossing the Daily, Weekly and Monthly charts. Holding my long positions into next week.

Cheers, see you on Monday.
Guy
  • #722,159
  • Jan 20, 2023 3:18am Jan 20, 2023 3:18am
Quoting suhas316
{quote} Play with settings... I just show you an example... {image}
Thanks!
  • #722,160
  • Jan 20, 2023 3:19am Jan 20, 2023 3:19am
Quoting dantpm
{quote} Thanks!
always Welcome bro
!! Radha Radha !!
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