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Cable Update (GBPUSD)

  • #726,501
  • Feb 6, 2023 6:02am Feb 6, 2023 6:02am
Quoting Pat Chiko
{quote} GU add @ LQ sweep. First position drawdown 16.4 pips.{image} P/S Add long, to support price from falling.....
Yet again ha?

Adding Long where not a lot of people would add Long. I have a feeling you will be correct again. Good luck!
  • #726,502
  • Feb 6, 2023 6:07am Feb 6, 2023 6:07am
We have a run on the level below the daily level. If it can sell back then we should be able to attack 1.18865
My telegram: https://t.me/avidforex
  • #726,503
  • Feb 6, 2023 6:08am Feb 6, 2023 6:08am
Quoting SnailFX
{quote} "I am still in the process of mastering the art of profitable trading, hoping one day becoming sucessful like you." Please, don't make me laugh.. hahahah . Look, here is the philosophy behind it: If I have 15M, 30M and Hourly confirming Long and price goes the other way, then I'm not interested in trading that day. I am not interested in Shorting today, as well since adding short when price has already fell this far, it's not advisable in my opinion. Even though I believe the rally is over, price still owes us 1.22 according to the...
Snail, you have a humble approach to sharing your knowledge and understanding of forex.
Your signals are impressive and as a trader, and your signals are excellent, but as a trader, I must find the optimal entry point to minimize drawdown. ( That was 16. 4 pips drawdown)

Keep up the fantastic work, I am learning a lot from you.

Regards

PAT
Newbie
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,504
  • Feb 6, 2023 6:08am Feb 6, 2023 6:08am
I always ask myself a question but never got an accurate answer.
How big these over leverage trade size are that they get sweep in 10pips move against them?


Edit: Or their lot size is too big for their account like 30lots in a 5k account and suddenly they are down 3k in 10pips Just like Snoop Dogg once trying to trade Forex
More time in the market, does not mean you trade better!
  • #726,505
  • Feb 6, 2023 6:11am Feb 6, 2023 6:11am
Attached Image (click to enlarge)
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Long here , with SL at 1.20 19

  • #726,506
  • Feb 6, 2023 6:12am Feb 6, 2023 6:12am
Quoting SnailFX
{quote} Yet again ha? Adding Long where not a lot of people would add Long. I have a feeling you will be correct again. Good luck!
That is to support price , from keep falling, as we know by now Waveskie is piling up his SHORT order now.
Its getting personal now
I come from the future.
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  • #726,507
  • Feb 6, 2023 6:28am Feb 6, 2023 6:28am
Quoting Pat Chiko
{quote} GU add @ LQ sweep. First position drawdown 16.4 pips.{image} P/S Add long, to support price from falling.....
GU

Closed all.

Waititng for SHORT set up , be joining Waveskie on his quest to bring GU to parity......
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,508
  • Feb 6, 2023 6:35am Feb 6, 2023 6:35am
Quoting Pat Chiko
{quote} GU Closed all. Waititng for SHORT set up , be joining Waveskie on his quest to bring GU to parity......{image}
GU

Waititng for short.......... maybe,,,
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,509
  • Feb 6, 2023 6:36am Feb 6, 2023 6:36am
Quoting Robinhood1
{quote} Went short 0.8954. Target 0.8815 I am going to take a break before get told off for posting different pairs. Saludos
Target is corrected to around 0.8770

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POSTMASTER
  • #726,510
  • Feb 6, 2023 6:38am Feb 6, 2023 6:38am
Quoting Pat Chiko
{quote} GU Waititng for short.......... maybe,,,{image}
Definitely short. Sentiment is 70% bullish (rofl yeah I know!! :'D)
  • #726,511
  • Feb 6, 2023 6:40am Feb 6, 2023 6:40am
Quoting Pat Chiko
{quote} GU add @ LQ sweep. First position drawdown 16.4 pips.{image} P/S Add long, to support price from falling.....
Hi Pat,
I've seen you say you set up from the D & H4 down and as many love it when you post your charts with such info (mega thanks for this).
I can see why you've entered at the points on this chart and as I learn I can see why you enter on other charts, but I'm trying to understand how you choose a 30m rather than H1 chart for example, do you start the day top down and monitor the day and trade bottom (30m) up?

Cheers
G
always learning
  • #726,512
  • Feb 6, 2023 6:41am Feb 6, 2023 6:41am
Monday............

As always - most Monday for GU are not clearly trending on higher TFs.

Right now it's trying to get lower, but still need to get premium price to release it.
Currnetly HTF (but either retracing or ranging - especially in ranges: your trend-trading signals very often coincide with a turnaround in ranges).

What do you do? You wait (or change to a lower TF).
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,513
  • Feb 6, 2023 6:50am Feb 6, 2023 6:50am
Quoting Pat Chiko
Monday............ As always - most Monday for GU are not clearly trending on higher TFs. Right now it's trying to get lower, but still need to get premium price to release it. Currnetly HTF (but either retracing or ranging - especially in ranges: your trend-trading signals very often coincide with a turnaround in ranges). What do you do? You wait (or change to a lower TF).
Why wait empty hand while we can get some bucks back we've spent on gfs during weekend
More time in the market, does not mean you trade better!
  • #726,514
  • Feb 6, 2023 6:56am Feb 6, 2023 6:56am
Switched to long
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yes yes yes
  • #726,515
  • Feb 6, 2023 7:00am Feb 6, 2023 7:00am
Quoting Fardeen1209
{quote} Why wait empty hand while we can get some bucks back we've spent on gfs during weekend
One of the main skill in trading is "waiting".....
I'm waititng for someone to gimme a signal to trade. Thanks in adcvance..
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,516
  • Feb 6, 2023 7:04am Feb 6, 2023 7:04am
Quoting Pat Chiko
{quote} One of the main skill in trading is "waiting"..... I'm waititng for someone to gimme a signal to trade. Thanks in adcvance..{image}
SHORT baby SHORT
  • #726,517
  • Feb 6, 2023 7:08am Feb 6, 2023 7:08am
Short, you have DownTrend. Never Buy in DownTrend.
You have diverdence in MACD, but you never know the target in CounterTrend
  • #726,518
  • Feb 6, 2023 7:08am Feb 6, 2023 7:08am
GU

Waiting and still waititng to SHORT this.........
Attached Image (click to enlarge)
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Let's spread some joy and add some smiles to your day while we wait.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,519
  • Feb 6, 2023 7:25am Feb 6, 2023 7:25am
Quoting griffc
{quote} Hi Pat, I've seen you say you set up from the D & H4 down and as many love it when you post your charts with such info (mega thanks for this). I can see why you've entered at the points on this chart and as I learn I can see why you enter on other charts, but I'm trying to understand how you choose a 30m rather than H1 chart for example, do you start the day top down and monitor the day and trade bottom (30m) up? Cheers G
Justification of scalping based on set up.
It's the filling up the gap that I'm looking at, not BULL trade.

I saw on H4 the SRF zone, thus price need to fill this gap first.
That's why M30 suit for this trades.
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,520
  • Feb 6, 2023 7:27am Feb 6, 2023 7:27am
Quoting Pat Chiko
GU Waiting and still waititng to SHORT this.........{image} Let's spread some joy and add some smiles to your day while we wait.{image}
absolutely valid, even without touching indicated supply zone
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