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Cable Update (GBPUSD)

  • #726,341
  • Feb 5, 2023 3:05am Feb 5, 2023 3:05am
Hello good people, kindly take your time to look at my account analysis on fxblue and tell me what you think about the practicality of the results. Honest feedback will be highly appreciated.
https://www.fxblue.com/users/lukedemo
  • #726,342
  • Feb 5, 2023 3:07am Feb 5, 2023 3:07am
Quoting Pat Chiko
{quote} Thanks Snail. I wait for your signal, but you need to up the speed a bit, not at snail pace. Thanks PAT
Snail makes sure he has a good signal, so Snail prefers to wait for a little bit.
I'll try though!
  • #726,343
  • Feb 5, 2023 3:08am Feb 5, 2023 3:08am
Quoting Georginson
{quote} Thanks mate...
i did write about historical data used in trading a long time ago , i did use it again last week on the aus200 and mentioned on my thread last week and then see a post about it made me smile because winners are grinners
people leave, but this thread will go on for ever
  • #726,344
  • Feb 5, 2023 3:17am Feb 5, 2023 3:17am
Quoting Headland
I wonder - has anything changed fundamentally in the minds of 'Big' traders/institutions/banks/hedge funds etc (ie: those that move the market,) re last week's data? On the one hand we have what was interpreted as a more dovish tone from the Fed/Fomc . Then we had a more dovish tone too from the Boe/Mpc, and then the exceptional NFP #. There are at present so many conflicting clues from both sides...unlike any other times really. For example - Potentially both U.s and Uk economies on verge of recession, (although I think to some extent we talk ourselves...
In my opinion, there are 2 realities, the fictitious and the true. 99% of the population lacks their own initiative and has been programmed for what is politically correct and the percentage that remains uses common sense without influence. That 99% is very easy to deceive and take advantage of because they will follow the narrative that will satisfy ignorance. It is much easier to turn on the light switch than it is to know why the light exists.
POSTMASTER
  • #726,345
  • Edited 6:42am Feb 5, 2023 3:36am | Edited 6:42am
Quoting Pat Chiko
{quote} Hey Bro, wishing you a very good weekends.. Mark Douglas, author of "Trading in the Zone," emphasizes the importance of a trader's mindset in determining success. He believes that what separates the best traders from others is not the specific strategies or techniques they employ, but rather their mindset and the way they think about their trades. In essence, Douglas is saying that it's not just about what a trader does, but how they think about what they do and the underlying beliefs and attitudes that guide their decision-making process....
Thanks Bro.
Hope your holiday is going well
When M.Douglass explains his consistent winner i always try to refer to how you manage your trade and your attitude at these particular moments when the market volatility is against you so i get a better understanding of what he is trying to say
Better to refer to a living example than a fictitious character.
More time in the market, does not mean you trade better!
  • #726,346
  • Feb 5, 2023 4:04am Feb 5, 2023 4:04am
Quoting Aussi
{quote} i did write about historical data used in trading a long time ago , i did use it again last week on the aus200 and mentioned on my thread last week and then see a post about it made me smile because winners are grinners
History plays a major role in all aspects of life and I'm glad I integrated it into trading too. I initially started with indicators, then upgraded to ranges, then added ranges to historical data and lower time frames for confirmation.

These combo have really improved my trades but surely can still get better as learning never ends especially in forex where trends come and go from time to time which will require a height of flexibility to stay in the game.

Good to know a like mind exists in you, cheers.
Data + Stat + Risk/Emotions Management
  • #726,347
  • Edited 5:19am Feb 5, 2023 4:19am | Edited 5:19am
Quoting Headland
I wonder - has anything changed fundamentally in the minds of 'Big' traders/institutions/banks/hedge funds etc (ie: those that move the market,) re last week's data? On the one hand we have what was interpreted as a more dovish tone from the Fed/Fomc . Then we had a more dovish tone too from the Boe/Mpc, and then the exceptional NFP #. There are at present so many conflicting clues from both sides...unlike any other times really. For example - Potentially both U.s and Uk economies on verge of recession, (although I think to some extent we talk ourselves...
I think last week simply confirmed that the algos that move price, move it to where they can given the open contracts that can be found using the experience of the same algos.
  • #726,348
  • Feb 5, 2023 4:22am Feb 5, 2023 4:22am
BTCUSD LONG
Above the blind spot (BS)
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My telegram: https://t.me/avidforex
  • #726,349
  • Feb 5, 2023 4:53am Feb 5, 2023 4:53am
The price closed the week with a strong movement bearish. But i'll believe in a consolidation between the MA200-H4 and MA200-H1. Because the consolidation between this 2 timeframes repeat all the time.

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Together we can be strongest
Vantage Return This Month: -97.0%
  • #726,350
  • Feb 5, 2023 5:21am Feb 5, 2023 5:21am
Quoting ninner
{quote} dollar has been very very weak and still is!!!
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  • #726,351
  • Feb 5, 2023 5:38am Feb 5, 2023 5:38am
Quoting Robinhood1
{quote} In my opinion, there are 2 realities, the fictitious and the true. 99% of the population lacks their own initiative and has been programmed for what is politically correct and the percentage that remains uses common sense without influence. That 99% is very easy to deceive and take advantage of because they will follow the narrative that will satisfy ignorance. It is much easier to turn on the light switch than it is to know why the light exists.
It is much easier to turn on the light switch than it is to know why the light exists.
But few people actually have any need to know and really don't care why the light exists. They simply want to flip the switch and have the light work. And even when the light does not work, their thoughts do not turn to probing for the "why" of its existence: They turn to the "why" of it not working.
To free Gazans of Hamas, use whatever it takes.
  • #726,352
  • Feb 5, 2023 5:49am Feb 5, 2023 5:49am
Quoting palpite
The price closed the week with a strong movement bearish. But i'll believe in a consolidation between the MA200-H4 and MA200-H1. Because the consolidation between this 2 timeframes repeat all the time. {image} {image}
That H1/H4 consolidation between the MA200s is simply demonstrating the reality of H1 swings building an H4 swing. When H1 and H4 begin a swing in the same direction, they are positively correlated. But at some point, H1 WILL make a retracement (swing in the opposite direction) and H1 and H4 go negatively correlated. If it is a "normal" retacement, then H4 will either not make an opposite swing, or it will be a rather small swing. But in any case, all of the time that the H1 is in the retracement, the H4 will be consolidating.

And stepping down in TFs, when the H1 goes into the retracement, what is M15 going to be doing? Gold star for you if you said building the H1 retracement by making a TREND in that direction.
To free Gazans of Hamas, use whatever it takes.
  • #726,353
  • Feb 5, 2023 6:07am Feb 5, 2023 6:07am
Quoting emmanuel7788
{quote} FTSE100 Jan16 2023 - looking forward to test 7900. ... > then what? a new all time high? > the UK wants to send heavy tanks...the WAR will continues and prolong the sufferings of more people - the old people, the women and innocent children... {image} ...
FTSE100 Feb03 Close

- it took its time to test the 7902 ... 2018' High

- did Sunak' firing Zahawi a good thing which came a little late?

- next week be prepared for a correction within this week's big weekly candle


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #726,354
  • Feb 5, 2023 6:27am Feb 5, 2023 6:27am
Daily POC 1.2131
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No orders "order block" ()
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Worth looking for longs to fill that slippage, we'll see...
Air force
  • #726,355
  • Feb 5, 2023 6:37am Feb 5, 2023 6:37am
were going up
  • #726,356
  • Edited 6:50am Feb 5, 2023 6:40am | Edited 6:50am
Quoting DrDave
{quote} It is much easier to turn on the light switch than it is to know why the light exists. But few people actually have any need to know and really don't care why the light exists. They simply want to flip the switch and have the light work. And even when the light does not work, their thoughts do not turn to probing for the "why" of its existence: They turn to the "why" of it not working.
So this is my explanation "example" of Headland´s post about news. Traders who rely on news should know why, when and what just like an electrician knows job. Not blaming anyone for not knowing the origen of things. just a comment buddy.
POSTMASTER
  • #726,357
  • Feb 5, 2023 6:44am Feb 5, 2023 6:44am
Quoting Robinhood1
{quote} So this is my explanaition "example" of Headland´s post about news. Traders who rely on news should know why, when and what just like an electrician knows. Not blaming anyone for not knowing the origen of things. just a comment buddy.
I already worked out why market spikes one way o the other when news show up. I already mentioned it some time back.
POSTMASTER
  • #726,358
  • Feb 5, 2023 6:46am Feb 5, 2023 6:46am
Quoting FederalTrade
were going up
Why so?...
  • #726,359
  • Feb 5, 2023 6:53am Feb 5, 2023 6:53am
gas tank almost empty...
  • #726,360
  • Feb 5, 2023 6:55am Feb 5, 2023 6:55am
Quoting Robinhood1
{quote} I already worked out why market spikes one way o the other when news show up. I already mentioned it some time back.
For those who can't be bothered looking, it spikes due to liquidity being removed from the markets.
About 80% of all orders are removed from the order books minutes before Red news hits.
Trading thin liquidity at the boundary of the charts
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