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Cable Update (GBPUSD)

  • #730,321
  • Feb 20, 2023 1:44am Feb 20, 2023 1:44am
Quoting pipfarm
2076 before correcting to 1980 then up to 2136 H1
Wow. Sounds ominous for my positions right now!
Care to share any further insights as to your drawn lines pls?
  • #730,322
  • Feb 20, 2023 1:45am Feb 20, 2023 1:45am
Quoting dantpm
{quote} 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...
Hi Dantpm....

Is there any chance you're the real Elon Musk, disguise in this thread as some new traders ?...... Here's what it is for me to say it.

Many people make the mistake of reasoning by analogy, attempting to innovate by copying others or relying on popular best practices that are approved by the majority.
However, Elon Musk advocates for reasoning by first principles, where we break problems down to their basic elements and reassemble them from the ground up. This approach helps us to eliminate careless reasoning and avoid copying inadequate analogies, ultimately leading to opportunities that others may miss.
This is particularly relevant in the field of human performance, where the foundational principles that drive elite performance are not widely popularized.

By understanding and applying these principles, we can develop our own bespoke solutions to unique problems, rather than simply copying others.
This is where many people go wrong, and by shifting to a first principles approach, we can achieve true innovation and excellence.

If you're please reveal what price Tesla share is heading... Thanks
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #730,323
  • Feb 20, 2023 1:51am Feb 20, 2023 1:51am
Quoting Pat Chiko
{quote} Hi Dantpm.... Is there any chance you're the real Elon Musk, disguise in this thread as some new traders ?...... Here's what it is for me to say it. Many people make the mistake of reasoning by analogy, attempting to innovate by copying others or relying on popular best practices that are approved by the majority. However, Elon Musk advocates for reasoning by first principles, where we break problems down to their basic elements and reassemble them from the ground up. This approach helps us to eliminate careless reasoning and avoid...
So Pat, thanks, you have helped me find something about Elon Musk that I like.
(Yeah, no not Elon Musk!)
  • #730,324
  • Feb 20, 2023 1:53am Feb 20, 2023 1:53am
in my eyes still R is not overcomed
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Trendlines H1,H4, SMC
  • #730,325
  • Edited 2:12am Feb 20, 2023 1:57am | Edited 2:12am
G/M, slight upside follow-thru on Friday's dly bullish-bodied hammer candle so far after an Asian session gap down and pullback, price now above the Asian session hi and challenging bottom of the a prev 1hr/4hr sw hi zone the top of which is coexistent with a prev 1hr sw lo zone where said hi encountered sbr.

1hr below
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Trader with an Edge.
  • #730,326
  • Feb 20, 2023 1:58am Feb 20, 2023 1:58am
It may even go up to test 1.2075 now
  • #730,327
  • Feb 20, 2023 1:59am Feb 20, 2023 1:59am
Quoting BrainBucks
{quote} Wow. Sounds ominous for my positions right now! Care to share any further insights as to your drawn lines pls?
There are two levels of supply from which price can sell.

1.2054 which is the H4 resistance

Then 1.2096 which is the VAP supply from February 15
  • #730,328
  • Feb 20, 2023 2:05am Feb 20, 2023 2:05am
...4hr shows that the area being challenged @ current dly hi has been a ' flip zone ' before in recent past. Wkly Pivot @/around top of it.

4hr below
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Trader with an Edge.
  • #730,329
  • Feb 20, 2023 2:13am Feb 20, 2023 2:13am
Quoting Pat Chiko
To be successful you don't have to do extraordinary things, you have to do ordinary things extraordinarily well.......Sang real Take some time to reflect on the questions and engage in those test batteries for about an hour. By doing this regularly, you'll be able to identify your strengths and weaknesses. Although it's not a panacea or a guaranteed path to ultimate success, it's the most significant factor for progress. However, achieving perfection is difficult, so don't wait to attain it. Instead, have a general idea of where your sweet spot...
Really well said, why can't I say it.
Just follow the trend.
  • #730,330
  • Feb 20, 2023 2:17am Feb 20, 2023 2:17am
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!
Hey Bro,

You're right on that level.

Got stopped out on my position.
Am ready to short now, as price hitting the H4 supply zone.

Thanks for your view. Apreciate the exchange.
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #730,331
  • Feb 20, 2023 2:25am Feb 20, 2023 2:25am
Quoting Pat Chiko
{quote} Hey Bro, You're right on that level. Got stopped out on my position. Am ready to short now, as price hitting the H4 supply zone. Thanks for your view. Apreciate the exchange.{image}
GU

2nd Try to short.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #730,332
  • Feb 20, 2023 2:26am Feb 20, 2023 2:26am
Friday's high is broken
bullish day for me
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yes yes yes
  • #730,333
  • Feb 20, 2023 2:29am Feb 20, 2023 2:29am
...there is a repeating pattern of 2hr bearish hidden div @ current dly hi valid whilst under 2074. What chances a further upside follow thru on Friday's bullish hammer dly candle at some point thouugh?
Trader with an Edge.
  • #730,334
  • Feb 20, 2023 2:30am Feb 20, 2023 2:30am
Quoting lucaswalliam
{quote} Really well said, why can't I say it.
No worries Bro, it will come to you as we remember that, learning and progress are a continuous and fluid process with no defined end point or finish line.

Therefore, it is essential to remain dedicated to the process and maintain a growth mindset.
By aligning with these principles, the probability of success over time increases.
There are, of course, many other areas to explore as well.

One day, it will strike you if your remain on the path... trust me...

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #730,335
  • Feb 20, 2023 2:38am Feb 20, 2023 2:38am
Quoting pipcenturion
{quote} There are two levels of supply from which price can sell. 1.2054 which is the H4 resistance Then 1.2096 which is the VAP supply from February 15
I appreciate the heads up, dear ol' Dr. VAP.
In fact, I took heed earlier in the morning when you mentioned that 2054 level. I had built a couple of LONGS from the ground up, but exited at your levels, and reversed position.
Can't say it's the worst decision I'll make today
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  • #730,336
  • Feb 20, 2023 2:38am Feb 20, 2023 2:38am
When you asked a trader why some traders hesitate;
The real good answer is because they don't trust their strategies!

This comes after the learning phase, probably after they already experienced a huge loss that made them decide that they will learn more before going in again.
They know what is possible so they try to avoid having that huge F*(%... up again.

At this point they have lost that child like state of mind {when you're not scared to just go for it}

They should realize that they have learned something new, they should test their strategy 20-25 times.
They can find a percentage rate from testing their new strategy then apply that trust to the new edge that they have in the market.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #730,337
  • Feb 20, 2023 2:38am Feb 20, 2023 2:38am
Supply + volume = $$
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#Stay blue. /swinger/scalper/
  • #730,338
  • Feb 20, 2023 2:41am Feb 20, 2023 2:41am
bull's trap
switched to short with a loss
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yes yes yes
  • #730,339
  • Feb 20, 2023 2:42am Feb 20, 2023 2:42am
Quoting Pat Chiko
{quote} GU 2nd Try to short.{image}
GU

Now ready add.
Waiting for G sweet spot.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #730,340
  • Feb 20, 2023 2:46am Feb 20, 2023 2:46am
1.2024 might have buyers there.

GU might need to go up to 1.209X so that UJ falls to 133.55
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