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Cable Update (GBPUSD)

  • #730,301
  • Feb 19, 2023 10:19pm Feb 19, 2023 10:19pm
my view
if we are below R = short

nice wedge pattern is shown
Attached Image (click to enlarge)
Click to Enlarge Name: g.jpg Size: 510 KB
Trendlines H1,H4, SMC
  • #730,302
  • Feb 19, 2023 10:28pm Feb 19, 2023 10:28pm
Quoting Pat Chiko
{quote} GU intention to add if rejection taking it lower for LO.{image}
PAT,
Good morning from Lagos Nigeria.

Your stop loss in the screenshot ought to be the entry for sell.

I will attempt a sell at 1.2054

Kindly recheck your setup sir.

Thank you!
  • #730,303
  • Feb 19, 2023 10:33pm Feb 19, 2023 10:33pm
This chart is based on @Moti's RSI and 200 sma.
I used the Ultra RSI with the moving average type set to EMA.
If you trade in the direction of the move using the 48 EMA as a guide, you could achieve at least 100 pts per swing.
Attached Image (click to enlarge)
Click to Enlarge Name: screen.png Size: 109 KB
  • #730,304
  • Feb 19, 2023 10:45pm Feb 19, 2023 10:45pm
Quoting pipcenturion
{quote} PAT, Good morning from Lagos Nigeria. Your stop loss in the screenshot ought to be the entry for sell. I will attempt a sell at 1.2054 Kindly recheck your setup sir. Thank you!
Good morning Sir,..

Looking at it now.
My SL is on algo, with 1.5 X ATR at this momment.
As ATR expand, the SL may adjust itself to the nest S&R level.

I will let my algo to decide it for me.
Thanks for yuor input.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #730,305
  • Feb 19, 2023 10:49pm Feb 19, 2023 10:49pm
Possible QML (Short) / Risky Management of the trade. Each TP's very important. Because we have a Bullish retracement structure according to the HLZ.
Sell Stop @ 120.307
GBPUSD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD_2023-02-20_07-42-11.png Size: 36 KB
Click to Enlarge Name: GBPUSD_2023-02-20_07-43-22.png Size: 26 KB
  • #730,306
  • Feb 19, 2023 10:50pm Feb 19, 2023 10:50pm
Quoting dantpm
As an ICT footnote, I also never bothered to explore his mentorship programs. Where I am at in his YouTube videos suggests that he has abandoned these. He has also abandoned the Twitter account. At this moment is appears as if his income is from YouTube and trading. As they say on this forum, I could be wrong
Hi DanTPM.

May I share my newbie perception of mentorship and learning process.
I aggree with you view in general, as we go deeper into the learning skill from any mentor, don't expect the solutions to be handed to you. that is us... all of us)

You have to go out there and find them.
When you're given the answers, there are fewer breakthrough moments that fire and wire our mental structures, which is how our skills are stored in our brain.

Coaches, trainers, and courses can explain concepts to you, but they can't understand them for you.
You have to put in the hard work and spend time trying to internalize the information.

It can be a difficult process that requires intense focus, with squished eyebrows, increased blood pressure, and squinting eyes.
However, when you summon your own solutions, the practice changes you.
Ultimately, advanced skills cannot be taught; they must be discovered by you.

Just my newbie view, as it may contain a lot of BS.........
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #730,307
  • Feb 19, 2023 10:53pm Feb 19, 2023 10:53pm
Cable 1.20250 will exit short to go long
  • #730,308
  • Feb 19, 2023 11:07pm Feb 19, 2023 11:07pm
Quoting Pat Chiko
{quote} Hi DanTPM. May I share my newbie perception of mentorship and learning process. I aggree with you view in general, as we go deeper into the learning skill from any mentor, don't expect the solutions to be handed to you. that is us... all of us) You have to go out there and find them. When you're given the answers, there are fewer breakthrough moments that fire and wire our mental structures, which is how our skills are stored in our brain. Coaches, trainers, and courses can explain concepts to you, but they can't understand them for you....
Thanks.
I was the kid who took everything apart and over time, usually got it all put back together.
This is the way that I learn. Getting 'answers' without explanations of what the answers are based on or explaining the logic is wasted on me. This is why I have been digging into whatever I can to try and get the explanations!
It's why I had to dig into Moti's suggestions to make sure I understood them and why I posted a couple of other ideas as I discovered more information.
This morning, ICT's weekend videos have added a lot of clarity and enhanced my understanding of the price action we are seeing in GU.
The journey continues!
  • #730,309
  • Feb 19, 2023 11:08pm Feb 19, 2023 11:08pm
Quoting Pat Chiko
{quote} Good morning Sir,.. Looking at it now. My SL is on algo, with 1.5 X ATR at this momment. As ATR expand, the SL may adjust itself to the nest S&R level. I will let my algo to decide it for me. Thanks for yuor input. PAT
Hello M. Pat
Please which algo are you use for SL and for taking many positions at the same time?

Thanks.
  • #730,310
  • Feb 19, 2023 11:10pm Feb 19, 2023 11:10pm
Quoting Houtbay
Cable 1.20250 will exit short to go long
why 1.2025
technically I don't see anything there
the next support I see below 1.20
Trendlines H1,H4, SMC
  • #730,311
  • Feb 19, 2023 11:18pm Feb 19, 2023 11:18pm
Quoting gkeidima
{quote} Hello M. Pat Please which algo are you use for SL and for taking many positions at the same time? Thanks.
I am currently using an algorithm that was developed by a group of traders, with the assistance of a programmer.
This algorithm is for our private use, and we developed it based on S&R and ATR values.

We have no intentions of reselling or distributing it.
It's solely for our own use.

If you have good ideas and a solid setup, you can also employ a skilled programmer to write code for you to develop your own algorithm.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #730,312
  • Feb 19, 2023 11:19pm Feb 19, 2023 11:19pm
Quoting Houtbay
Cable 1.20250 will exit short to go long
It is meaningless to talk about trends away from the cycle. So, which cycle is 1.20250?
Just follow the trend.
  • #730,313
  • Feb 19, 2023 11:24pm Feb 19, 2023 11:24pm
1845 short gold
  • #730,314
  • Feb 19, 2023 11:27pm Feb 19, 2023 11:27pm
Quoting gkeidima
{quote} Hello M. Pat Please which algo are you use for SL and for taking many positions at the same time? Thanks.
If you find an EA that helps you manage trades easily and well, please share it! I am looking for one as well.
-splitting orders into smaller orders,
-exiting from multiple orders at once (some, all, ..),
-setting tp and sl values automatically or not at all,
-ideally for me having the option to monitor trades and exit them without registering SL's or TP's would be very useful (it amazes how the price retreats or attacks my price every time I modify one of these close to the current price)

What else is important?
  • #730,315
  • Feb 19, 2023 11:27pm Feb 19, 2023 11:27pm
Quoting Whale
With some luck we will see this move till the rest of the month. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-02-20-09-16-29-243-edit_net.metaquotes.metatrader4.jpg Size: 626 KB
yes yes yes
  • #730,316
  • Feb 19, 2023 11:29pm Feb 19, 2023 11:29pm
Sold gu 1.2042 for bump down.
sl 13 pips
  • #730,317
  • Feb 19, 2023 11:30pm Feb 19, 2023 11:30pm
Quoting pipcenturion
{quote} PAT, Good morning from Lagos Nigeria. Your stop loss in the screenshot ought to be the entry for sell. I will attempt a sell at 1.2054 Kindly recheck your setup sir. Thank you!
I too believe that this area represents a good entry point. Might only get close.
  • #730,318
  • Feb 19, 2023 11:34pm Feb 19, 2023 11:34pm
Quoting Pat Chiko
{quote} Hi DanTPM. May I share my newbie perception of mentorship and learning process. I aggree with you view in general, as we go deeper into the learning skill from any mentor, don't expect the solutions to be handed to you. that is us... all of us) You have to go out there and find them. When you're given the answers, there are fewer breakthrough moments that fire and wire our mental structures, which is how our skills are stored in our brain. Coaches, trainers, and courses can explain concepts to you, but they can't understand them for you....
I completely agree with this sir!
  • #730,319
  • Feb 19, 2023 11:35pm Feb 19, 2023 11:35pm
2076 before correcting to 1980 then up to 2136 H1
Follow The Markets Structure - Patience and Discipline
  • #730,320
  • Feb 19, 2023 11:38pm Feb 19, 2023 11:38pm
Quoting Whale
Sold gu 1.2042 for bump down. sl 13 pips
stopped out

good day everyone. Day off today.
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