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Cable Update (GBPUSD)

  • #724,301
  • Jan 29, 2023 6:48am Jan 29, 2023 6:48am
Quoting Ferna
I'll proably go long tomorrow or heading to thursday. Give me 5 million reasons i am wrong.

if the market go down X 5 million

number of reasons achieved
"the public is not yet ready for it" W.D. GANN
  • #724,302
  • Jan 29, 2023 6:59am Jan 29, 2023 6:59am
The crowd

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  • #724,303
  • Jan 29, 2023 7:00am Jan 29, 2023 7:00am
Quoting Ferna
I'll proably go long tomorrow or heading to thursday. Give me 5 million reasons i am wrong.
You made the statement, so the "burden of proof" is on you ...
  • #724,304
  • Jan 29, 2023 7:03am Jan 29, 2023 7:03am
s/r levels.
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  • #724,305
  • Jan 29, 2023 7:06am Jan 29, 2023 7:06am
Quoting Waveskierrob
{quote} You made the statement, so the "burden of proof" is on you ...
I don't like burdens, i am a new trader so i dont understand things.
Better you guys attack me and tell me what i am doing wrong

Come on, i am the easiest target you will ever aim for.
You have an IQ lower than 90 if you interact with this user.
  • #724,306
  • Jan 29, 2023 7:08am Jan 29, 2023 7:08am
Quoting pipfarm
Why i am short , to put it simply structure break assuming i have marked it up correctly Examples {image}
It might only be a short term correction in the daily.

The hourly trends are daily minor swings but based on the fact that this would be the first daily minor swing correction after daily minor push up , it looks like it could go deep to 2100
Follow The Markets Structure - Patience and Discipline
  • #724,307
  • Jan 29, 2023 7:12am Jan 29, 2023 7:12am
Quoting Vincent1
The crowd {image}
These kind of data can be very misleading without the average price. It could be skewed by old positions. A better information and the one that matters is the change in net positions.
  • #724,308
  • Jan 29, 2023 7:17am Jan 29, 2023 7:17am
Quoting Ferna
{quote} I don't like burdens, i am a new trader so i dont understand things. Better you guys attack me and tell me what i am doing wrong Come on, i am the easiest target you will ever aim for.
if you make yourself a target you're going to be hit, so no rules and all fair game

first hit: the market is not a guessing game, if you can't read direction, save your money.
best way to understand direction is "Dow Theory" to learn trend stages.

cheers,
"the public is not yet ready for it" W.D. GANN
  • #724,309
  • Jan 29, 2023 7:21am Jan 29, 2023 7:21am
Quoting Ferna
{quote} I don't like burdens, i am a new trader so i dont understand things. Better you guys attack me and tell me what i am doing wrong Come on, i am the easiest target you will ever aim for.
I don't believe anyone is attempting to attack you. They are trying to understand your strategy. It requires more explanation for all of the simpletons to understand, myself included.
  • #724,310
  • Jan 29, 2023 7:24am Jan 29, 2023 7:24am
Quoting Ferna
{quote} I don't like burdens, i am a new trader so i dont understand things. Better you guys attack me and tell me what i am doing wrong Come on, i am the easiest target you will ever aim for.
As a new trader you have the least chains that are hindering your thought process. As a new trader you have the opportunity to start from the beginning of a journey. You have the chance of figuring out what the most effective way is by looking at other traders and identifying what their weakness is and what makes them good and filter out their weaknesses.

Good luck on your journey!
  • #724,311
  • Jan 29, 2023 7:34am Jan 29, 2023 7:34am
Quoting SnailFX
{quote} As a new trader you have the least chains that are hindering your thought process. As a new trader you have the opportunity to start from the beginning of a journey. You have the chance of figuring out what the most effective way is by looking at other traders and identifying what their weakness is and what makes them good and filter out their weaknesses. Good luck on your journey!
Good response!

A good discussion is always beneficial for all parties, but i don't know what i could quote as my reasons other than that i am contrarian and go
on gut feeling.

I can only quote my success this month to being lazy and careless, forgetting i got a trade open and then discovering i made a few 100 in profit.

It's not like i have any lines out or any advanced technical indicators.

My trading journey so far is drunken Kung-fu.
You have an IQ lower than 90 if you interact with this user.
  • #724,312
  • Jan 29, 2023 7:34am Jan 29, 2023 7:34am
Quoting Ferna
{quote} I don't like burdens, i am a new trader so i dont understand things. Better you guys attack me and tell me what i am doing wrong Come on, i am the easiest target you will ever aim for.
Don't really understand what you are trying to achieve here, but good luck with it...
  • #724,313
  • Jan 29, 2023 7:38am Jan 29, 2023 7:38am
Quoting dantpm
{quote} I don't believe anyone is attempting to attack you. They are trying to understand your strategy. It requires more explanation for all of the simpletons to understand, myself included.
Alright, this month profit: 252%. Strategy: forgetting i got a trade on, closing trades when i am tired only.
No stop losses only take profit levels, misclicking on wrong currencies and then later in night discover i made a profit.
And yeah i think i bought CAD because it seemed stronger than the reset.
You have an IQ lower than 90 if you interact with this user.
  • #724,314
  • Jan 29, 2023 7:40am Jan 29, 2023 7:40am
Quoting Kwt4x
{quote} if you make yourself a target you're going to be hit, so no rules and all fair game first hit: the market is not a guessing game, if you can't read direction, save your money. best way to understand direction is "Dow Theory" to learn trend stages. cheers,
Alright, thank you. Tell me more about this dow theory. What is the essentials i need to know?
You have an IQ lower than 90 if you interact with this user.
  • #724,315
  • Edited 8:07am Jan 29, 2023 7:55am | Edited 8:07am
Quoting Ferna
{quote} Alright, thank you. Tell me more about this dow theory. What is the essentials i need to know?
you can watch video's in YouTube about Dow Theory, when understand it fully, you will see this in price action all the time.

HHHL for uptrend, LHLL for downtrend

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translated in chart, H4/D1/W1

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cheers,
"the public is not yet ready for it" W.D. GANN
  • #724,316
  • Jan 29, 2023 8:07am Jan 29, 2023 8:07am
Quoting Kwt4x
{quote} you can watch video's in YouTube about Dow Theory, when understand it fully, you will see this in price action all the time. HHHL for uptrend, LHLL for downtrend {image} cheers,
That picture is contradictory

Daily trend both up and down is making HHHL and LHLL
4H trend is doing the same thing
The weekly green is only a swing up and swing down as it is not making HHHL or LHLL
Follow The Markets Structure - Patience and Discipline
  • #724,317
  • Jan 29, 2023 8:12am Jan 29, 2023 8:12am
Quoting pipfarm
{quote} That picture is contradictory Daily trend both up and down is making HHHL and LHLL 4H trend is doing the same thing The weekly green is only a swing up and swing down as it is not making HHHL or LHLL
I updated my post with real chart. check it plz.

price waves are Fractal system, what you see in M1 you will see in all TF's, it's just bigger waves but same HHHL-LHLL.

cheers,
"the public is not yet ready for it" W.D. GANN
  • #724,318
  • Jan 29, 2023 8:42am Jan 29, 2023 8:42am
Quoting Ferna
{quote} Alright, this month profit: 252%. Strategy: forgetting i got a trade on, closing trades when i am tired only. No stop losses only take profit levels, misclicking on wrong currencies and then later in night discover i made a profit. And yeah i think i bought CAD because it seemed stronger than the reset.
There are thousands of trading systems that have been published and a greater number of experts are willing to take your money to teach you forex trading!

If your intention is to become a profitable forex trader, it going to take time and require effort.

Here is a link to a gentleman who is very successful and experienced and who teaches mainly with youtube videos:
https://www.youtube.com/c/InnerCircleTrader

Here is a journal of a trader who has a system that she trades profitably:
https://www.forexfactory.com/thread/...just-a-journal

These are just two very different examples. There are many more, free and paid! Happy and successful trading!
  • #724,319
  • Jan 29, 2023 8:48am Jan 29, 2023 8:48am
Quoting Robinhood1
{quote} Interbankfx closed 2351
Very low, 40-50 pips lower then the others. People should stay away from such broker.
  • #724,320
  • Jan 29, 2023 8:49am Jan 29, 2023 8:49am
Quoting Ferna
{quote} Alright, thank you. Tell me more about this dow theory. What is the essentials i need to know?
This link will give you a tremendous amount of information about prices move:
https://www.forexfactory.com/thread/...6#post14304656
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