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Cable Update (GBPUSD)

  • #730,581
  • Feb 21, 2023 2:13am Feb 21, 2023 2:13am
staying above the green line looks like for long
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #730,582
  • Feb 21, 2023 2:13am Feb 21, 2023 2:13am
Quoting BrainBucks
Only just started messing with MT5. Anybody know how I can have the OHLC displayed on the MT5 desktop version, pls? I've got it displayed on mobile, but desktop has been harder to figure.
Rightclick to display properties. It’s an unchecked box on the Show tab. Hope this helps.
  • #730,583
  • Feb 21, 2023 2:14am Feb 21, 2023 2:14am
Quoting pipfarm
{quote} Yes it seems that way, which is why most information on MTF is wrong, i have watched dozens of videos on Market structure and they all fail to explain this concept correctly because all they are doing by using 2 timeframes is looking at the same swing from a lower tf to a higher which is pointless
Are there timeframes that you believe are more indicative of where the market is going?
Our buddy PatChiko is all about 4hr, 1hr and 30 min for example.
  • #730,584
  • Feb 21, 2023 2:15am Feb 21, 2023 2:15am
Quoting Luxyus
{image} {image}
Bruh, that's a lot of indicators.
So compact
Exhausted
  • #730,585
  • Feb 21, 2023 2:15am Feb 21, 2023 2:15am
Quoting Pat Chiko
GU Warm up trade pre LO.{image}
GU

Stopped out

Re N3
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #730,586
  • Feb 21, 2023 2:15am Feb 21, 2023 2:15am
Nice, EU just flew due to French PMI.
Will close all trades before GU PMI.
Exhausted
  • #730,587
  • Feb 21, 2023 2:17am Feb 21, 2023 2:17am
Quoting lucaswalliam
{quote} Market structure? I'm also looking into it, but I can't find the key issues, it all seems too subjective.
Can be depending on what your using to look at charts,

I have taken a bit of a chance on cable because if you look at H1 it made a major correction but H4 is not in a major trend, i hoping this is Swing 3
Follow The Markets Structure - Patience and Discipline
  • #730,588
  • Feb 21, 2023 2:17am Feb 21, 2023 2:17am
Quoting lucaswalliam
{quote} It's too complicated.
LL
https://breakpullback.com
  • #730,589
  • Feb 21, 2023 2:19am Feb 21, 2023 2:19am
Quoting Elysion
{quote} Bruh, that's a lot of indicators. So compact
just zoomed in, and that s not the only chart i use for decisional process
chaos is just unknown order
  • #730,590
  • Feb 21, 2023 2:21am Feb 21, 2023 2:21am
Quoting pipfarm
{quote} Can be depending on what your using to look at charts, I have taken a bit of a chance on cable because if you look at H1 it made a major correction but H4 is not in a major trend, i hoping this is Swing 3
That's why it's confusing sometimes because different TF might show different signals until it's confirmed.
I tend to have mixed signals if I analyze all TF thus I only stick to M15 for general direction then M1 + M5 for scalp entries.
Exhausted
  • #730,591
  • Feb 21, 2023 2:21am Feb 21, 2023 2:21am
Quoting dantpm
{quote} Are there timeframes that you believe are more indicative of where the market is going? Our buddy PatChiko is all about 4hr, 1hr and 30 min for example.
You can use any combinations of timeframes, it is all about trends and corrections , major trend and major corrections ie

if H1 is in a major correction and H4 is in a major trend then direction is down or if H15 is in a major correction and H1 is in a major downtrend then direction is down.


If you look at H1 GBPUSD we had a major correction but H4 is not yet in a major down trend, i am assuming the Current H1 move down is the third swing, i could get stopped out , so it is better to see a trend on the HTF and then follow it.
Follow The Markets Structure - Patience and Discipline
  • #730,592
  • Feb 21, 2023 2:21am Feb 21, 2023 2:21am
Safe area to sell today is 1.2120
Safe area to buy today is 1.1930

Yesterday was US holiday which came with low volume, so I expect today's range to be between 120 - 140 pips...

Patience.
Data + Stat + Risk/Emotions Management
  • #730,593
  • Feb 21, 2023 2:23am Feb 21, 2023 2:23am
Quoting Pat Chiko
{quote} GU Stopped out Re N3{image}
OMG here it is a loss
  • #730,594
  • Feb 21, 2023 2:25am Feb 21, 2023 2:25am
Quoting Waveskierrob
{quote} 3 x SHORTS now at BE, Let's make some mula..
Funny how my BE always seems to tease me, I say always, has happened a couple of times but feels like always...again something to think about how we perceive that the market is against you and you alone....
  • #730,595
  • Feb 21, 2023 2:26am Feb 21, 2023 2:26am
Quoting pipfarm
{quote} Can be depending on what your using to look at charts, I have taken a bit of a chance on cable because if you look at H1 it made a major correction but H4 is not in a major trend, i hoping this is Swing 3
I am habitually watching H4 and GU is still in a downtrend. Will the trend continue or is it reversing? I don't know. Will only prioritize to follow the trend structure and make short orders.
Just follow the trend.
  • #730,596
  • Feb 21, 2023 2:27am Feb 21, 2023 2:27am
Quoting Waveskierrob
{quote} 3 x SHORTS now at BE, Let's make some mula..
added SHORT 1.2030 no sl no tp
  • #730,597
  • Feb 21, 2023 2:28am Feb 21, 2023 2:28am
Quoting Waveskierrob
{quote} Funny how my BE always seems to tease me, I say always, has happened a couple of times but feels like always...again something to think about how we perceive that the market is against you and you alone....
and after that, u realize it s just you against..you LOL
chaos is just unknown order
  • #730,598
  • Feb 21, 2023 2:29am Feb 21, 2023 2:29am
LO + 1hr strategy result today.

All closed now
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Intraday only.
  • #730,599
  • Feb 21, 2023 2:30am Feb 21, 2023 2:30am
Quoting Luxyus
{quote} and after that, u realize it s just you against..you LOL
Luckily you can combat this with "Patience"...
  • #730,600
  • Feb 21, 2023 2:36am Feb 21, 2023 2:36am
Quoting lucaswalliam
{quote} I am habitually watching H4 and GU is still in a downtrend. Will the trend continue or is it reversing? I don't know. Will only prioritize to follow the trend structure and make short orders.
Wait for news to come out and then decide
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