Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#728,841
Feb 14, 2023 12:05pm Feb 14, 2023 12:05pm

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting Pat Chiko

Disliked

{quote} GU revenge trade, getting full refund plus aggregated damages claims and embarrassment in losses incurred earlier.{image}

Ignored

GU

add another ~~rocket~~ position to keep flying

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I come from the future.

Karen X Mas Bonus 2025 All Time Profit: $15,104

#728,842
Feb 14, 2023 12:07pm Feb 14, 2023 12:07pm

Indigo45
Joined Nov 2022 | Status: Slow & Steady | 335 Posts

Quoting Wavegarrick

Disliked

{quote} Hi Indigo, I am going to tell you but please don't tell anyone, Please Monthly chart, my most important tool. We have a higher candle low and lower high. We are in a range and I am getting subtle bearish hints. The thing is, I need a monthly break either above 1.23500 or below 1.2000 . {image}Weekly candle: Showing higher weekly open close and important for next week to maintain this momentum above 1.23500 for bulls. {image}Daily candle: The daily slog continues and I look for daily higher high with a pullback to my daily pivot...

Ignored

Thanks Wavegarrick... this is detailed demonstrations to look Higher time frames to find opportunities.
I am thankful to you for sparing time to provide these details.

Regards.

#728,843
Feb 14, 2023 12:14pm Feb 14, 2023 12:14pm

Erto
| Joined Feb 2020 | Status: Trader | 468 Posts

Quoting Wavegarrick

Disliked

{quote} Hi Indigo, I am going to tell you but please don't tell anyone, Please Monthly chart, my most important tool. We have a higher candle low and lower high. We are in a range and I am getting subtle bearish hints. The thing is, I need a monthly break either above 1.23500 or below 1.2000 . {image}Weekly candle: Showing higher weekly open close and important for next week to maintain this momentum above 1.23500 for bulls. {image}Daily candle: The daily slog continues and I look for daily higher high with a pullback to my daily pivot...

Ignored

Do you sometimes take a drawdown or you have 100% success?

I'm enjoying the wins because I was once terrified by loses

#728,844
Feb 14, 2023 12:18pm Feb 14, 2023 12:18pm

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting Pat Chiko

Disliked

{quote} UJ Partial TP Open position on positive stop I will leave her alone to do whatever she like, with algo monitoring the trade. I go smoke now....{image}

Ignored

UJ

holding short

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I come from the future.

Karen X Mas Bonus 2025 All Time Profit: $15,104

#728,845
Feb 14, 2023 12:42pm Feb 14, 2023 12:42pm

palpite
Joined Sep 2015 | Status: Under Pressure | 4,596 Posts

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Together we can be strongest

Vantage Return This Month: na

#728,846
Feb 14, 2023 12:42pm Feb 14, 2023 12:42pm

Whale
Joined Jun 2013 | Status: Trader | 14,544 Posts

My dxy.. maybe I wrong.. I don’t know how deep the dxy will make before the fly.

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#728,847
Feb 14, 2023 12:43pm Feb 14, 2023 12:43pm

Houtbay
Joined Nov 2020 | Status: Trader | 4,573 Posts

I am long till 1.22

#728,848
Feb 14, 2023 12:59pm Feb 14, 2023 12:59pm

Wavegarrick
Joined Sep 2017 | Status: Trader | 4,360 Posts

Quoting Erto

Disliked

{quote}Do you sometimes take a drawdown or you have 100% success?

Ignored

Hi Erto,
I treat each trade as a scalp trade until I can lock it in at break even and some, quickly. Whereas most traders will take their profits, I leave it. I either get stopped out or get a good run from it. No greed, its a simple discipline for me. I don't have draw downs because I build my trades with protective stops. It takes a different mentality for this. I can have ups and downs with my profits and I am working on it. I believe that the market can stay irrational for longer than we can stay solvent. I rather go with the irrational flow than go against it with little effort rather than looking for trades all the time.
I do not have a 100% percent success rate but that is only when I open my scalp trades and I get my entry wrong, my ultimate goal is to get a very good risk reward by building trades,
Short explanation.
Cheers.

Trade to trade another day

#728,849
Feb 14, 2023 1:01pm Feb 14, 2023 1:01pm

DrDave
| Membership Revoked | Joined Jun 2011 | 9,885 Posts

Quoting OBsayMkMoney

Disliked

{quote} Looking at the 1hr I believe this is what he meant. See how price clears the resistance returns to it (see 15m chart) then continues making the "breakout, retrace, take the trade" pattern {image}

Ignored

See how price clears the resistance returns to it (see 15m chart)

This use of the M15 TF is definitely a step in the right direction. As can be seen on that H1 chart, there is not really a clear retest of that breakout level. But the behavior of a "normal" swing (not a run away swing that goes 50+ pips without hesitation) is for smaller TFs, beginning on M1, to make a retracement and then return. So if the H1 is being used to look for a breakout, there will, of course, likely be a breakout seen on the M15 before a breakout bar is closed on H1, because that H1 bar is built from four M15 bars. So by the time the H1 breakout bar is closed, it is possible that M1 and even M5 have started to retrace. In any case, you should have M5, M15, and M30 charts displayed so that you can see just how far up the TFs that retracement is able to travel. If it is a weak retracment and reaches only M5 but you don't have M5 displayed, you missed the retracement and return. But later, there will be another retracement that will make it to M15 to give you another opportunity to evaluate whether or not your entry criteria are met.

To free Gazans of Hamas, use whatever it takes.