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Cable Update (GBPUSD)

  • #727,141
  • Feb 8, 2023 4:01am Feb 8, 2023 4:01am
TF H1 fast RSI(3) divergence and failed to touch Ma100 @1.21110
chaos is just unknown order
  • #727,142
  • Feb 8, 2023 4:01am Feb 8, 2023 4:01am
...gmt+2 4hr closes as a big bullish thrust candle but right in that prev 4hr/dly sw lo zone that on dly extends up to circa 2129 as potential sbr on that t/f.

4hr below
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Trader with an Edge.
  • #727,143
  • Feb 8, 2023 4:14am Feb 8, 2023 4:14am
Quoting navk
{quote} After LO, after 1 hour candle, most of days you will see previous day high or low broken, then take counter trade. It works. Same way, after tokyo opens, after 1 hr, trade counter, it works.
Worked very well, i sold 1 hour after London Open. Thanks for the tip.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #727,144
  • Feb 8, 2023 4:15am Feb 8, 2023 4:15am
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yes yes yes
  • #727,145
  • Feb 8, 2023 4:16am Feb 8, 2023 4:16am
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chaos is just unknown order
  • #727,146
  • Feb 8, 2023 4:17am Feb 8, 2023 4:17am
GBPUSD LONG
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My telegram: https://t.me/avidforex
  • #727,147
  • Feb 8, 2023 4:27am Feb 8, 2023 4:27am
Let's make a deal.. I'll be buying while you'll be selling, OK?
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To free Gazans of Hamas, use whatever it takes.
  • #727,148
  • Feb 8, 2023 4:28am Feb 8, 2023 4:28am
Quoting navk
{quote} Yes, i take reverse trade after LO + 1 hour
Can you please mention that 1H candle and your entry criteria on the chart. Thanks
  • #727,149
  • Feb 8, 2023 4:29am Feb 8, 2023 4:29am
Quoting palpite
{quote} Worked very well, i sold 1 hour after London Open. Thanks for the tip.
For how many pips...?
  • #727,150
  • Feb 8, 2023 4:29am Feb 8, 2023 4:29am
Few more than 3 hours for the red news of USD.



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Together we can be strongest
Vantage Return This Month: -97.0%
  • #727,151
  • Feb 8, 2023 4:30am Feb 8, 2023 4:30am
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yes yes yes
  • #727,152
  • Feb 8, 2023 4:36am Feb 8, 2023 4:36am
Quoting silverjazz
why cable loves to kiss my SL sick of waiting into TP, but suddenly turn around then kiss my SL
Perhaps on the weekend you will have time to review several of these cases. You may discover that simply using a larger SL solves the problem. If you are a big believeer in R:R, then perhaps you need to reduce your lot size such that you can achieve an acceptable R:R while using a bigger SL.

Or, you may discover something else useful, such as your current entry criteria typically get you in a trade just before a retracement, so your entry criteria need some adjustment.
To free Gazans of Hamas, use whatever it takes.
  • #727,153
  • Feb 8, 2023 4:38am Feb 8, 2023 4:38am
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I have hope for 1.21 20 . . .

  • #727,154
  • Edited 5:00am Feb 8, 2023 4:43am | Edited 5:00am
Quoting lucaswalliam
{quote} Thank you for your response, and this is the line of thinking I am currently using. However, I have run into two problems. One is that it is too subjective and not objective enough. The second is that I am often drowning in details. The criteria for band determination are very difficult.
"Too subjective" seems like an odd observation to me. It looks quite objectively clear that when price is moving upward and makes a new swing high , then a pullback occurs that makes higher swing low, then a new swing high is reached that is higher than the previous swing high, there was a break of structure, a higher low and higher high occurred, and therefore an uptrend is confirmed. This can readily be coded into an alert. One does not typically try to code subjective conditions.

You can add a fractal indicator to your chart that will mark the swing bars for you.
To free Gazans of Hamas, use whatever it takes.
  • #727,155
  • Feb 8, 2023 4:48am Feb 8, 2023 4:48am
Quoting dantpm
{quote} You have to do some research and practice. Here is a simple test. The 9-period DEMA and EMA. Pick a timeframe that works for you, if they are pointing up you are in an uptrend and if they are pointing down in a downtrend. If they are moving apart the trend is strengthening, together weakening. Crossing or flat things are changing. There are other benefits once you notice how the DEMA and the candles work. You can pick different moving averages and different periods.
Quote
13 and 48 periods EMA's were supposed to be the most profitable combination
...
This confirms the trend, it isn't an entry or exit signal.[/quote]
13 and 48 periods EMA's were supposed to be the most profitable combination according to a study that I read.
This is an important obaservation: 48/13 ~4.
To free Gazans of Hamas, use whatever it takes.
  • #727,156
  • Feb 8, 2023 5:02am Feb 8, 2023 5:02am
Quoting DrDave
{quote}{quote} This confirms the trend, it isn't an entry or exit signal.
13 and 48 periods EMA's were supposed to be the most profitable combination according to a study that I read. This is an important obaservation: 48/13 ~4.[/quote]

Test or examine using a 13/48 (or similarly spaced) moving average crossover in a 15-minute (?) timeframe as an entry/exit signal from trades. Same strategy but now look at DEMA, TEMA, VWMA and pick the one that gives you the best results.
  • #727,157
  • Feb 8, 2023 5:18am Feb 8, 2023 5:18am
Quoting dantpm
{quote} 13 and 48 periods EMA's were supposed to be the most profitable combination according to a study that I read. This is an important obaservation: 48/13 ~4.
Test or examine using a 13/48 (or similarly spaced) moving average crossover in a 15-minute (?) timeframe as an entry/exit signal from trades. Same strategy but now look at DEMA, TEMA, VWMA and pick the one that gives you the best results.[/quote]
Yes. WHICH flavor of MA to use is really of very little importance: It is the ratio of the periods that is more important, especially if your TFs tend to have periods with that same ratio.
To free Gazans of Hamas, use whatever it takes.
  • #727,158
  • Feb 8, 2023 5:20am Feb 8, 2023 5:20am
Cam Levels https://www.livecharts.co.uk/Members...rex_pivots.php
no break out 1.21067
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still short sl @ break even see u in 3 hrs...
  • #727,159
  • Feb 8, 2023 5:27am Feb 8, 2023 5:27am
Some strong bouncer at 121 @moty paaji we need your rocket
Insane in the Brain..
  • #727,160
  • Feb 8, 2023 5:34am Feb 8, 2023 5:34am
Quoting Yngwie
{quote} Close 15p. wait further down
Long 1.2087 SL 1.2078
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
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