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Cable Update (GBPUSD)

  • #722,261
  • Jan 20, 2023 8:42am Jan 20, 2023 8:42am
Bears have had their dance, it's bulls time now I suppose.
Face 'ur fears & tame 'ur greed
  • #722,262
  • Jan 20, 2023 8:50am Jan 20, 2023 8:50am
Quoting JereMi256
Bears have had their dance, it's bulls time now I suppose.
Blessing received, not long after I posted my ongoing trade in FF, my SL travelled 80% since, now price has rebounded back to my entry point again, not in a loss anymore but with slight profit.
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https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 58.1%
  • #722,263
  • Jan 20, 2023 8:53am Jan 20, 2023 8:53am
Quoting Reverso
{quote} Blessing received, not long after I posted my ongoing trade in FF, my SL travelled 80% since, now price has rebounded back to my entry point again, not in a loss anymore but with slight profit. {image}
Your tp is attainable before market close. Hold tight to your plan.
Face 'ur fears & tame 'ur greed
  • #722,264
  • Jan 20, 2023 9:03am Jan 20, 2023 9:03am
Nothing for the bears today. The day’s deficit will be wiped by days end it seems. Unless as mentioned earlier 12330 is broken and a closer to 123
Insane in the Brain..
  • #722,265
  • Jan 20, 2023 9:03am Jan 20, 2023 9:03am
Quoting Robinhood1
{quote} Trading swings is easier than daytrading if you have the appropiate mindset for it. Normally, mindset is not available because MarketMakers insist on day trading where the indicators work from time to time. For swing trading it is necessary to have spent many hours of study, less than daytrading of course. Keep leverage low and no SL. And do not be in a hurry during the first months. Beware that Soros, buffet and all this gang do not day trade. I wonder if a daytrader is in top 500 traders? This is an agenda for a swing trader´s progress....
Sweet Dreams... Who is so rational to swing .08 Lot size on 160USD equity... Dreams are even sweeter...Calculators do the best but Traders don't.
  • #722,266
  • Jan 20, 2023 9:07am Jan 20, 2023 9:07am
Quoting Indigo45
{quote} {image}This looks nice Frankfurt Open trade on AU. Lets See
Hi. a bit late, sorry, wasn't at the charts. Wasn't at the desk at all, I actualy did the sleeping thing...
So I don't know if your trade worked out profitable but I like the setup and I definatly like your super agressive entry.
If this fits your risk management, that's a good trade, the outcome doesn't matter.
Execute with confidence. Well done
you are not expected to understand this
  • #722,267
  • Jan 20, 2023 9:08am Jan 20, 2023 9:08am
Quoting dantpm
{quote} You are right. I however have been looking for indicators that assist with correctly identifying order blocks, supply and demand zones and support and resistance zones. The challenge that I have is picking the right ones to pay attention to. This is why I would like to make a Pat Chiko indicator, he seems to get it right a lot of the time. They also highlight killszones, trading sessions and so forth to save you the time of marking up your chart.
I will try to code it for you but need some free time. hopefully within January. Institutional Order Block identification is very easy.
  • #722,268
  • Jan 20, 2023 9:12am Jan 20, 2023 9:12am
Quoting Indigo45
{quote} I will try to code it for you but need some free time. hopefully within January. Institutional Order Block identification is very easy.
Thanks!
  • #722,269
  • Jan 20, 2023 9:15am Jan 20, 2023 9:15am
Quoting Indigo45
{quote} {image}This looks nice Frankfurt Open trade on AU. Lets See
This one Hit the TP at Equilibrium. Dear Teek you have simply introduced me to new world. I am so grateful.

I can now identify:

  1. Demand and Supply Areas
  2. Order Blocks
  3. Price Action
  4. Can wait for price to come to my entry area or interest at Discount in the direction above 21 Daily EMA for longs and Below for Shorts.

I am grateful to you personally. ( I have watched almost 16 videos that you recommended)
Now I found the way to success.
Thanks

  • #722,270
  • Jan 20, 2023 9:15am Jan 20, 2023 9:15am
GU Daily, marked up for next week:
Weekly Fibs, Daily EMAs 50 & 21. Uptrend, Buyside Liquidity, Gap, Structure, Orderblocks... the whole Jambalaya
1.21 still key support with a huge Orderblock (not marked because obvious)
Have fun
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you are not expected to understand this
  • #722,271
  • Jan 20, 2023 9:17am Jan 20, 2023 9:17am
Quoting mysterio
market should spike then sell off around 75
started selling
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  • #722,272
  • Jan 20, 2023 9:18am Jan 20, 2023 9:18am
Quoting Teek
{quote} Hi. a bit late, sorry, wasn't at the charts. Wasn't at the desk at all, I actualy did the sleeping thing... So I don't know if your trade worked out profitable but I like the setup and I definatly like your super agressive entry. If this fits your risk management, that's a good trade, the outcome doesn't matter. Execute with confidence. Well done
This was closed and then opened new position based on price action below that. that hit the TP at Equilibrium. Thanks for your advises...a lot of Respect for you.
Regards.
  • #722,273
  • Jan 20, 2023 9:23am Jan 20, 2023 9:23am
Quoting Indigo45
{quote} This one Hit the TP at Equilibrium. Dear Teek you have simply introduced me to new world. I am so grateful. I can now identify: Demand and Supply Areas Order Blocks Price Action Can wait for price to come to my entry area or interest at Discount in the direction above 21 Daily EMA for longs and Below for Shorts. I am grateful to you personally. ( I have watched almost 16 videos that you recommended) Now I found the way to success. Thanks
That's great to hear
Keep learning, study, keep it simple, observe, stay patient, and consitent results will come.
Keep in mind, not every trade will win, we have losing trades, but that does not matter.
So, don't get discouraged. Stay the course, always. Success will come with good risk management when the method is clear.
I'd say "good luck", but we don't need it, we are methodical
you are not expected to understand this
  • #722,274
  • Jan 20, 2023 9:27am Jan 20, 2023 9:27am
Quoting Teek
GU Daily, marked up for next week: Weekly Fibs, Daily EMAs 50 & 21. Uptrend, Buyside Liquidity, Gap, Structure, Orderblocks... the whole Jambalaya 1.21 still key support with a huge Orderblock (not marked because obvious) Have fun {image}
Aren't you in this trade at about 1.21? 1.30 would / will be a sweet run!
  • #722,275
  • Jan 20, 2023 9:33am Jan 20, 2023 9:33am
Quoting Pat Chiko
{quote} GU Long{image}
GU

Partial TP 1
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #722,276
  • Jan 20, 2023 9:34am Jan 20, 2023 9:34am
Quoting Wavegarrick
{quote} GU. Just have to love it when a plan comes together folks All trades locked in and I sleep well. Cheers. {image}
Where there is smoke there is fire. Deeper retraces are signs of trend exhaustion. With that said, bulls have recovered. Most importantly a weekly close above 1.2400 good for Bulls. Flip side below 1.23000 could set a deeper correction in action.
Have a great weekend,
Cheers.
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Trade to trade another day
  • #722,277
  • Jan 20, 2023 9:34am Jan 20, 2023 9:34am
Quoting Teek
{quote} That's great to hear Keep learning, study, keep it simple, observe, stay patient, and consitent results will come. Keep in mind, not every trade will win, we have losing trades, but that does not matter. So, don't get discouraged. Stay the course, always. Success will come with good risk management when the method is clear. I'd say "good luck", but we don't need it, we are methodical
Hello and happy new year, my friend.
It's been a while.
Hope you had been well?
Best regards,
  • #722,278
  • Jan 20, 2023 9:38am Jan 20, 2023 9:38am
The amazing PAT has done it again.
Wonderful call to go long.
Amazing trader thou art!
  • #722,279
  • Jan 20, 2023 9:39am Jan 20, 2023 9:39am
Quoting dantpm
{quote} Aren't you in this trade at about 1.21? 1.30 would / will be a sweet run!
I booked all profits on GU wednesday and went to sleep with 17% net profit on only 2.3% max. drawdown, after 3 very long days and a sleepless "Japan does things" night.
Not in the habit of giving anything back. I took what this market was willing to give me and I knew when it was enough for this week.
Will watch GU next week, charts all look pretty promising, we'll see what I can do, but don't expect me to post much anymore.
you are not expected to understand this
  • #722,280
  • Jan 20, 2023 9:43am Jan 20, 2023 9:43am
Quoting Teek
{quote} That's great to hear Keep learning, study, keep it simple, observe, stay patient, and consitent results will come. Keep in mind, not every trade will win, we have losing trades, but that does not matter. So, don't get discouraged. Stay the course, always. Success will come with good risk management when the method is clear. I'd say "good luck", but we don't need it, we are methodical
You are right. Thanks for your advises and time. Regards
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