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Cable Update (GBPUSD)

  • #729,641
  • Feb 16, 2023 2:24pm Feb 16, 2023 2:24pm
Quoting Pat Chiko
{quote} That's the beauty of trading........ After some time, I tend to prefer reading from people who are articulate and can express their thoughts effectively, particularly with regard to foresight and real-time information. Hindsight post or information is useless to me. For me, trading is a logical activity, not a religion. I consider myself a very lazy trader and do not want to waste time sifting through thousands of pages to find one or two useful ideas that have likely already been discussed. The difference between following the ideas of...
I believe you are a great trader but today's posts from you looks kind of strange to me. Such as those in the attachments: UJ pure hindsight and also others from today. Looks like you had a lot of trades today but you have chosen to show only latest closed which were in profit. I'm not judging if people post in hindsight or not as this is public forum but you talk here a lot about it. What happened? Also scroll down a bit and show those other closed trades as well. Don't get me wrong but I was analysing your trading style as I was curious how you can get right so much with such a simple trading approach. I was thinking to implement your approach in my style of trading but not anymore. I apologise if I am wrong but this just seems a bit suspicious to me.
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  • #729,642
  • Feb 16, 2023 2:25pm Feb 16, 2023 2:25pm
Quoting dantpm
That was a wicked spike!
Biden will speak to Xi, market reaction. TSLA 1000pips in sec lower.
  • #729,643
  • Feb 16, 2023 2:25pm Feb 16, 2023 2:25pm
Quoting donfriday
{quote} yeah friday trading is hard ...i often lose money {image}
Same as you, just without friday part. Hahaha
  • #729,644
  • Feb 16, 2023 2:29pm Feb 16, 2023 2:29pm
Next stop, 1.1870, i will book all my profits here
  • #729,645
  • Feb 16, 2023 2:29pm Feb 16, 2023 2:29pm
Quoting dempire1
{quote} ooh I wish. My IQ is very very very low
dempire1, don't worry, you are not alone. We are a strong force here... Even if we had Goeathe's IQ we wouldn't know when governor Bullard opens his mouth to move the market.
Always trade your own plan...I don't provide trading signals.
  • #729,646
  • Feb 16, 2023 2:30pm Feb 16, 2023 2:30pm
Took long
In worst case scenario, it will drop tomorrow morning to 1.19600 area and i will add more
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yes yes yes
  • #729,647
  • Feb 16, 2023 2:33pm Feb 16, 2023 2:33pm
Quoting Moty
Took long In worst case scenario, it will drop tomorrow morning to 1.19600 area and i will add more {image} {image}
This is second Fed member mentioning 50bps..
Fundamentally USD should go up..

It may break this Support now.. we'll see..

FOMC Meeting is getting close and all I'm hearing is the Hawk.
I have a feeling Fed is fed up.

GL!
  • #729,648
  • Feb 16, 2023 2:36pm Feb 16, 2023 2:36pm
Quoting Moty
Took long In worst case scenario, it will drop tomorrow morning to 1.19600 area and i will add more {image} {image}
mate its better to use SL, GU is going for a free fall soon and i wouldnt be surprised if it falls all the way to 1.1775 tomorrow
  • #729,649
  • Feb 16, 2023 2:38pm Feb 16, 2023 2:38pm
Quoting Tronis
{quote} I believe you are a great trader but today's posts from you looks kind of strange to me. Such as those in the attachments: UJ pure hindsight and also others from today. Looks like you had a lot of trades today but you have chosen to show only latest closed which were in profit. I'm not judging if people post in hindsight or not as this is public forum but you talk here a lot about it. What happened? Also scroll down a bit and show those other closed trades as well. Don't get me wrong but I was analysing your trading style as I was curious...
It's probably Monthly history of trades and he ticked time to show the latest. Also explains small scroll button.
I find it possible to trade on R and S or Supply and Demand. More experienced traders saw the S at 1.206 today and took advantage of it. I saw it only later when I put blank chart in front of me with only candles.
  • #729,650
  • Feb 16, 2023 2:42pm Feb 16, 2023 2:42pm
Quoting SnailFX
{quote} This is second Fed member mentioning 50bps.. Fundamentally USD should go up.. It may break this Support now.. we'll see.. FOMC Meeting is getting close and all I'm hearing is the Hawk. I have a feeling Fed is fed up.
The only reason for the USD to go up is if everyone else just doesn't simply copy the US. So far that isn't the case.
  • #729,651
  • Feb 16, 2023 2:45pm Feb 16, 2023 2:45pm
Quoting dantpm
{quote} The only reason for the USD to go up is if everyone else just doesn't simply copy the US. So far that isn't the case.
Valid!
Fed will probably be the last to pause, but yeah, short-term it doesn't matter now.

However, markets will be pricing in more if Fed delivers 50bps rate hike. Just my opinion.
  • #729,652
  • Feb 16, 2023 2:54pm Feb 16, 2023 2:54pm
Hoping for 2180 tomorrow..
  • #729,653
  • Feb 16, 2023 2:58pm Feb 16, 2023 2:58pm
Quoting Tronis
{quote} I believe you are a great trader but today's posts from you looks kind of strange to me. Such as those in the attachments: UJ pure hindsight and also others from today. Looks like you had a lot of trades today but you have chosen to show only latest closed which were in profit. I'm not judging if people post in hindsight or not as this is public forum but you talk here a lot about it. What happened? Also scroll down a bit and show those other closed trades as well. Don't get me wrong but I was analysing your trading style as I was curious...
He is shorting UJ but bought EU and GU. What are you saying?
How to succeed in zero sum game?
  • #729,654
  • Feb 16, 2023 3:01pm Feb 16, 2023 3:01pm
I decided to close usdchf early, failing to earn an extra 70 pips. Changed horse, eurgbp @ 0.8900 to below the 14th´s low.
POSTMASTER
  • #729,655
  • Feb 16, 2023 3:06pm Feb 16, 2023 3:06pm
I missed an entry while was focused on UEFA Champions league,
I'm enjoying the wins because I was once terrified by loses
  • #729,656
  • Feb 16, 2023 3:08pm Feb 16, 2023 3:08pm
Quoting dempire1
{quote} He is shorting UJ but bought EU and GU. What are you saying?
he is taking advantage of USD weakness it seems not seeing the problem either
Master your mind. Master Trading.
  • #729,657
  • Edited 3:21pm Feb 16, 2023 3:10pm | Edited 3:21pm
So, I took a span of 20 days and put H1 TF.

Then, for each pair I counted how many times did H1 confirm Long and Short combined.
Theory would be, less confirmations, better the currency pair is suited for H1 TF.

I'll probably do this with other TF's and when I get time will probably go through all 2023 to get a better sample.

Anyway, results:

EUR/GPB - 18
EUR/AUD - 19
EUR/NZD - 19
EUR/USD - 16
EUR/CAD - 13
EUR/CHF - 19
EUR/JPY - 21
GBP/AUD - 12
GBP/NZD - 19
GBP/USD - 16
GBP/CAD - 13
GBP/CHF - 16
GBP/JPY - 17
AUD/NZD - 13
AUD/USD - 12
AUD/CAD - 13
AUD/CHF - 22
AUD/JPY - 21
NZD/USD - 18
NZD/CAD - 13
NZD/CHF - 23
NZD/JPY - 21
USD/CAD - 17
USD/CHF - 14
USD/JPY - 15
CAD/CHF - 17
CAD/JPY - 19
CHF/JPY - 21

AUD seems to be the winner for H1 signals. Something with AUD, probably GBP/AUD the winner with 12 only.
Actually AUD/USD also 12 and only takes one pip per entry, GBP/AUD 6 pips per entry.
  • #729,658
  • Feb 16, 2023 3:22pm Feb 16, 2023 3:22pm
buy - 1.1981
Together we can be strongest
Vantage Return This Month: na
  • #729,659
  • Feb 16, 2023 3:26pm Feb 16, 2023 3:26pm
Quoting Moty
Took long In worst case scenario, it will drop tomorrow morning to 1.19600 area and i will add more {image} {image}
How you are using 0.10 lot. Trade with an account ECN, the spread is zero.
Together we can be strongest
Vantage Return This Month: na
  • #729,660
  • Feb 16, 2023 3:32pm Feb 16, 2023 3:32pm
Quoting SnailFX
So, I took a span of 20 days and put H1 TF. Then, for each pair I counted how many times did H1 confirm Long and Short combined. Theory would be, less confirmations, better the currency pair is suited for H1 TF. I'll probably do this with other TF's and when I get time will probably go through all 2023 to get a better sample. Anyway, results: EUR/GPB - 18 EUR/AUD - 19 EUR/NZD - 19 EUR/USD - 16 EUR/CAD - 13 EUR/CHF - 19 EUR/JPY - 21 GBP/AUD - 12 GBP/NZD - 19 GBP/USD - 16 GBP/CAD - 13 GBP/CHF - 16 GBP/JPY - 17 AUD/NZD - 13 AUD/USD - 12 AUD/CAD - 13...
You might have to come up with a weighting factor for each currency in the pair. Results may change.
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