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Cable Update (GBPUSD)

  • #729,681
  • Feb 16, 2023 8:29pm Feb 16, 2023 8:29pm
add buy - 1.1952
Together we can be strongest
Vantage Return This Month: na
  • #729,682
  • Feb 16, 2023 8:30pm Feb 16, 2023 8:30pm
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...
Hey mate, from what i understood from Mr Pat's posts is that he has approximately 2 accounts. One for scalping daily (usually in pairs like GU, EU, AU) and another one for medium term trades usually for major currencies pairs (like GU, EU, AU) with bigger lot size or for short term trade in high volatility pairs like UJ, GJ or gold.
More time in the market, does not mean you trade better!
  • #729,683
  • Feb 16, 2023 8:36pm Feb 16, 2023 8:36pm
Again, it is not better to let the member in question say what he has to say if he thinks it is convenient and we turn the page. There are already 3 speaking for him.
POSTMASTER
  • #729,684
  • Feb 16, 2023 8:39pm Feb 16, 2023 8:39pm
Quoting Fardeen1209
{quote} Hey mate, from what i understood from Mr Pat's posts is that he has approximately 2 accounts. One for scalping daily (usually in pairs like GU, EU, AU) and another one for medium term trades usually for major currencies pairs (like GU, EU, AU) with bigger lot size or for short term trade in high volatility pairs like UJ, GJ or gold.
Ok, it could be that then but in that case there is no value to trader as there is no full picture of all trade entries and exits. Anyway, it's too late and I'm going to bed. I hope I'm wrong and he will clear everything tomorrow.
  • #729,685
  • Feb 16, 2023 8:51pm Feb 16, 2023 8:51pm
The Dxy is strong!!!
  • #729,686
  • Feb 16, 2023 8:57pm Feb 16, 2023 8:57pm
Quoting ninner
The Dxy is strong!!!
indeed, Mr greenback is marching forward!
Master your mind. Master Trading.
  • #729,687
  • Feb 16, 2023 8:58pm Feb 16, 2023 8:58pm
Quoting KareemAliFx
{quote} indeed, Mr greenback is marching forward!
Indeeeeeeed!!!
  • #729,688
  • Feb 16, 2023 9:03pm Feb 16, 2023 9:03pm
Quoting Moty
Took long In worst case scenario, it will drop tomorrow morning to 1.19600 area and i will add more {image} {image}
Moty, Moty, I took a break from trading for 2 years and now I'm back. First thing on my mind before I came to these forums was whether Moty has finally improved as a trader. It seems you are still clinging on to old habits =/

I wish you the best and that you will find that discipline soon along with a trading plan. Cheers.
  • #729,689
  • Feb 16, 2023 9:29pm Feb 16, 2023 9:29pm
Quoting Tronis
{quote} Ok, it could be that then but in that case there is no value to trader as there is no full picture of all trade entries and exits. Anyway, it's too late and I'm going to bed. I hope I'm wrong and he will clear everything tomorrow.
Cann't agree with you my friend.
TBH, we are not the IRS for him to report all his trades or how much money he got from his trades at the end of the week(as there is no legal obligation)

From a young trader's perspective, Mr PAT did enhance my support and resistance analysis, how to read market structure as well as from where we can reliable source of information for fundamentals figure (no one else would do this for free in this industry)

But in the end, we can not always wait for him to post his trades so that we can also do the same.
Because the hard truth is if someone want to change his situation, he needs to take responsibility and get his shit done.

Cheers,
More time in the market, does not mean you trade better!
  • #729,690
  • Feb 16, 2023 9:35pm Feb 16, 2023 9:35pm
Quoting davelansing
{quote} That most/all "analysis" including...all of the pivots carefully calculated, all of the fib numbers carefully placed, all of the trendlines carefully drawn, all of the swing highs and swing lows carefully marked, all of the combination and careful analysis of indicators and other price derivates (Elliot waves, GANN, etc..), all of the careful analysis of higher/lower time frames are..... drumroll please...useless. Nobody can predict where the market is going to move...quite honestly, do you really think that your careful analysis of the...
More often than not, S/R levels are respected are that's the reason prices bounce off them because institutional traders trade with these levels. Same goes for trendlines and channels, which are the simplest of all indicators. That said, obviously they're not respected all the time. But the fact that they are respected majority of the time makes it a good and simple enough trading strategy to execute with proper SL & TP set. You will profit in the long run.

The thing with all traders, entry is the simplest, but it is the exit that determines a profit or loss..
  • #729,691
  • Feb 16, 2023 9:38pm Feb 16, 2023 9:38pm
Quoting davelansing
{quote} That most/all "analysis" including...all of the pivots carefully calculated, all of the fib numbers carefully placed, all of the trendlines carefully drawn, all of the swing highs and swing lows carefully marked, all of the combination and careful analysis of indicators and other price derivates (Elliot waves, GANN, etc..), all of the careful analysis of higher/lower time frames are..... drumroll please...useless. Nobody can predict where the market is going to move...quite honestly, do you really think that your careful analysis of the...
Hello. I disagree that no one can predict the markets. Not so much, as far as the ways you mentioned. 99.99% of people believe as you do because they have not reached this achievement. If you google this issue you will find exactly what you expose because I already did it a couple of weeks ago. We have an example with James Simons.
POSTMASTER
  • #729,692
  • Feb 16, 2023 9:44pm Feb 16, 2023 9:44pm
Quoting Moty
Took long In worst case scenario, it will drop tomorrow morning to 1.19600 area and i will add more {image} {image}
I agree. Buying starts here for a swing trader to hold above 1.2600
POSTMASTER
  • #729,693
  • Feb 16, 2023 10:14pm Feb 16, 2023 10:14pm
Quoting Robinhood1
{quote} I agree. Buying starts here for a swing trader to hold above 1.2600
I dont understand why anyone would take a long ????
  • #729,694
  • Feb 16, 2023 10:23pm Feb 16, 2023 10:23pm
Quoting ninner
{quote} I dont understand why anyone would take a long ????
shhhh…. Without buyers there will be no sellers and without sellers gbpusd can’t go down !
Master your mind. Master Trading.
  • #729,695
  • Feb 16, 2023 10:31pm Feb 16, 2023 10:31pm
Quoting ninner
{quote} I dont understand why anyone would take a long ????
Hi ninner. same reason as taking a short, one own´s strategy
POSTMASTER
  • #729,696
  • Feb 16, 2023 10:35pm Feb 16, 2023 10:35pm
Quoting Robinhood1
{quote} Hi ninner. same reason as taking a short, one own´s strategy
That is good ..sooner I will see my 1.10 target.
  • #729,697
  • Feb 16, 2023 10:37pm Feb 16, 2023 10:37pm
I’m off to bed, btc shorts in position with no stop loss, you win or you die!
meanwhile eurusd shorts deep in profit tp at 1.05815 area, good night !
Master your mind. Master Trading.
  • #729,698
  • Feb 16, 2023 10:42pm Feb 16, 2023 10:42pm
Quoting ninner
{quote} I dont understand why anyone would take a long ????
I will not reveal my strategy based on mathematical calculations. It has been 22 years of research, maybe someone will achieve their strategy in less time. Opportunists could try to sell it, Market makers may want to know about it, anything could happen. Wish i could share it but it is not recommended. I've only failed 3 trades in the last 3 weeks as I've been refining and I still have some more refining. I have posted my good and bad trades in this thread.
POSTMASTER
  • #729,699
  • Feb 16, 2023 10:47pm Feb 16, 2023 10:47pm
Quoting ninner
{quote} I dont understand why anyone would take a long ????
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POSTMASTER
  • #729,700
  • Feb 16, 2023 10:55pm Feb 16, 2023 10:55pm
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POSTMASTER
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