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Cable Update (GBPUSD)

  • #731,301
  • Feb 23, 2023 1:39am Feb 23, 2023 1:39am
Quoting maxi444
{quote} Supplay and demand, do you mean price action = PA in some zones?
I don't know how to express it either, I just want to know how to determine the supply and demand zones on the chart.
Just follow the trend.
  • #731,302
  • Feb 23, 2023 1:39am Feb 23, 2023 1:39am
Quoting Waveskierrob
{quote} LONG again 1.2058 no sl no tp
Closed LONG 1.2068 +10
  • #731,303
  • Feb 23, 2023 1:41am Feb 23, 2023 1:41am
how to you scalp it?
i can make a decision

on the fence
  • #731,304
  • Feb 23, 2023 1:45am Feb 23, 2023 1:45am
Quoting lucaswalliam
{quote} I don't know how to express it either, I just want to know how to determine the supply and demand zones on the chart.
I cannot speak about supply and demand, for me there are no words. I can speak only about price action, the price is moving up or down and you can win, if you are in this right direction, it is simply Supply is provide: "the farm supplies apples to cider makers" , google translator. In forex there is nothing to supply or provide, therefore supply or demand are for me a no words in forex, they are good on a farm !
  • #731,305
  • Feb 23, 2023 1:50am Feb 23, 2023 1:50am
Quoting maxi444
{quote} I cannot speak about supply and demand, for me there are no words. I can speak only about price action, the price is moving up or down and you can win, if you are in this right direction, it is simply
Price action is new to me, I'm still stuck at the level of form and structure and wondering if it's the right direction?
Just follow the trend.
  • #731,306
  • Feb 23, 2023 1:56am Feb 23, 2023 1:56am
The same goes for liquidity, is it something liquid in forex, water, whiskey or wine? There is a no word, fancy word.
  • #731,307
  • Feb 23, 2023 1:57am Feb 23, 2023 1:57am
Below 1.2050, the price can go to 1.20.
Together we can be strongest
Vantage Return This Month: na
  • #731,308
  • Feb 23, 2023 2:00am Feb 23, 2023 2:00am
Quoting lucaswalliam
{quote} Price action is new to me, I'm still stuck at the level of form and structure and wondering if it's the right direction?
Thats price action. Your signature is follow the trend, that's price action. anything where you're analyzing price alone without the use of indicators can be called price action trading. Even drawing supply and demand zones without the use of volume is price action analysis
  • #731,309
  • Feb 23, 2023 2:00am Feb 23, 2023 2:00am
Quoting Moty
this triggerines indi is very good for scalping but use it only on 1 chart because it is very heavy on the system {image} {file}
how do u trade them? strategy ?
  • #731,310
  • Feb 23, 2023 2:03am Feb 23, 2023 2:03am
Quoting lucaswalliam
{quote} Price action is new to me, I'm still stuck at the level of form and structure and wondering if it's the right direction?
There is a connection between speaking and thinking. If you speak wrongly, you will probably also think and act wrongly. If you are interested send me a message, I don't want to block the chat.
  • #731,311
  • Feb 23, 2023 2:05am Feb 23, 2023 2:05am
Quoting palpite
{quote} I use this. (high+low)/2. The level 50% is the top and bottom of the last day Have the option for change the timeframe. Have the option for to see the pivot of the others days, changing the number of the days_ago. {image} {file}
who told you 50% is the top or bottom of the last day?its not
  • #731,312
  • Feb 23, 2023 2:08am Feb 23, 2023 2:08am
switched to short
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 11 KB
yes yes yes
  • #731,313
  • Feb 23, 2023 2:10am Feb 23, 2023 2:10am
Quoting T4Trade
{quote} who told you 50% is the top or bottom of the last day?its not
Have 2 levels of 50%. One is the top and another is the bottom.
Together we can be strongest
Vantage Return This Month: na
  • #731,314
  • Feb 23, 2023 2:11am Feb 23, 2023 2:11am
i dont really use average pips
but i like to watch it on Thursday or the last days of the month.

current situation - (the percentage calc is the current/last 20)
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 3 KB
  • #731,315
  • Feb 23, 2023 2:11am Feb 23, 2023 2:11am
Quoting mysterio
{quote} Thats price action. Your signature is follow the trend, that's price action. anything where you're analyzing price alone without the use of indicators can be called price action trading. Even drawing supply and demand zones without the use of volume is price action analysis
Yes, following the trend is my view on trading. Determining the trend is mostly done with price structure (I'm not sure if it's called price action analysis either).
Only it's too subjective and I've been trying to change it. But can't find an objective way to do it.
I'm struggling with it.
Just follow the trend.
  • #731,316
  • Feb 23, 2023 2:15am Feb 23, 2023 2:15am
1.2040 is support..
Im not behind pc... Does anyone agree with me?
Trendlines H1,H4, SMC
  • #731,317
  • Feb 23, 2023 2:17am Feb 23, 2023 2:17am
im still hoding a pump and dump scenario

this is the pump - if we will get it i tell you what is the dump later.
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  • #731,318
  • Feb 23, 2023 2:19am Feb 23, 2023 2:19am
Quoting josip
1.2040 is support.. Im not behind pc... Does anyone agree with me?
The fact that weekly open was below it . It is for me is not a support.
  • #731,319
  • Feb 23, 2023 2:21am Feb 23, 2023 2:21am
Quoting lucaswalliam
{quote} Yes, following the trend is my view on trading. Determining the trend is mostly done with price structure (I'm not sure if it's called price action analysis either). Only it's too subjective and I've been trying to change it. But can't find an objective way to do it. I'm struggling with it.
Trend is objective. Headland is the best i've seen here at describing trend/structure. Watch his posts.

There are subjective elements like, time frame, your entry and exits within a trend etc. For example if I ask if we're in an uptrend or downtrend, you have to state which time frame as it's different on each. But..yeah, trend is the backbone of a lot of strategies.

Maybe if you can be more specific what aspect your struggling with I or someone could help

Honestly though, you're asking the right question, asking how to determine the trend is something anyone new should be asking. When i started I thought I could connect two lows together with a trendline and it was sloping up, that was an uptrend (no, you've just connected two lows together with a line )
  • #731,320
  • Feb 23, 2023 2:21am Feb 23, 2023 2:21am
Quoting T4Trade
{quote} how do u trade them? strategy ?
this is scalping strategy for 5-10 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 14 KB
Attached File(s)
File Type: ex4 SuperTrend Indicator.ex4   11 KB | 299 downloads
File Type: ex4 Triggerlines.ex4   3 KB | 335 downloads
File Type: tpl template_name.tpl   3 KB | 299 downloads
yes yes yes
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