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Cable Update (GBPUSD)

  • #731,761
  • Feb 24, 2023 2:38am Feb 24, 2023 2:38am
Quoting lucaswalliam
{quote} Didn't see any important news, probably just normal trading behavior.
yes , this is normal trading behaviour when market sees my stoploss . at this point i dont even feel bad.
  • #731,762
  • Feb 24, 2023 2:39am Feb 24, 2023 2:39am
now it's engulfing
i draw for you the last candle , how it was looking 10-15 mins ago
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yes yes yes
  • #731,763
  • Feb 24, 2023 2:40am Feb 24, 2023 2:40am
Quoting riprider
Anyone looking at GBP/JPY for a long ? Let me know what you think. I've been watching it the entire week for a long entry?
I follow GBPJPY a lot because it's so exciting. You know I mean the volatility.
M15, GBPJPY, Long.
There may not be a time to enter the market.
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Just follow the trend.
  • #731,764
  • Feb 24, 2023 2:41am Feb 24, 2023 2:41am
Quoting lucaswalliam
{quote} What is used to determine the supply and demand zones in the chart? I am very interested in this, but I don't know anything about it. Thank you, boss.
Quoting Pat Chiko
{quote} Hi Walliam. I will answer you when i'm back. Outside now and will write to you once I'm back. {image}
Hello Walliam,

I am still in Singapore and finished my paper about three hours ago.
I would like to share some basic insights on how I view supply and demand in conjunction with price action, rather than as a standalone concept.

We will be looking at a real-time live example to help you better understand how the law of supply and demand works.
However, it typically takes an average trader around five years to fully understand supply and demand.

I will try to explain it in one post, but I doubt it will be possible to make anyone fully understand.
Nonetheless, I will do my best.
NOTE : I've taken out all my N3 marking, as to make the chart more clear and visible.

Currently, the market has been ranging for the past three weeks, and thus we should play a ranging setup rather than a trending setup.
It's important to note that different markets require different setups, and no single setup can satisfy every market structure.
The market will move to break both ways, and this is only the "internal structure."
Therefore, we are playing both long and short setups based on BOS with S&D setup.
Attached Image (click to enlarge)
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The current trade is based on BOS with a long setup.
Firstly, we look at the structure, which includes a higher low, and then we look for a demand zone after the breakover structure.
Since we have the breakoff structure, we mark this on our higher timeframe chart and mark the demand zone when the price pulls back.
Attached Image (click to enlarge)
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I have made two long N3 on RSF and demand zone on H1 TF.
Since the price is making a compression setup, it has decided to fill up the pole when the origin of price.
As long as the price does not break lower than this pole, the price is in an accumulation cycle.

When the market moves in break-up structures, you have to know the direction of the market.
If the market is going up, you have to find the higher highs and higher lows.

It's essential to understand what the market is telling you before you create your own story and look for a setup.
So, now that we understand how demand looks like, let's look at my real-time trade and illustrate how S&D looks like.
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The market has been ranging, so we should continue playing this market.
The last higher low created a higher high, but the market is not changing phases yet, and we are still trading in the accumulation phase (weekly).
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #731,765
  • Feb 24, 2023 2:42am Feb 24, 2023 2:42am
yes yes yes !!!
in profit after being in a 160 $ floating loss
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yes yes yes
  • #731,766
  • Feb 24, 2023 2:43am Feb 24, 2023 2:43am
Quoting Whale
{quote} bought 1.2004 tp 1.204
tp hit 36 pips.

sorry no screenshots, I on iPad and it difficult to edit pictures.
  • #731,767
  • Feb 24, 2023 2:45am Feb 24, 2023 2:45am
Quoting pipcenturion
{quote} @navk, that strategy is very very good! It seems to work quite well for Asian session. How does it perform during London and Bew York sessions?
No need for me to trade anymore in this account.

Achieved what is wanted.

Yet another milestone. Done exactly in 5 days. Today is 5 th day

This is 4 th of its kind.

Before I return to Canada in April, I wish to have 6 x 100 k account.

This has been my dream.
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Intraday only.
  • #731,768
  • Feb 24, 2023 2:47am Feb 24, 2023 2:47am
Quoting lucaswalliam
{quote} I follow GBPJPY a lot because it's so exciting. You know I mean the volatility. M15, GBPJPY, Long. There may not be a time to enter the market. {image}
I don't have a lot of experience with this one but I have been watching the levels on the 4h TF and looking at the price action. perhaps wait for a pull back later when DXY reverses to the upside and then go long on G/gpy . Looking to `TP at 163-50 partial and then 165???
  • #731,769
  • Feb 24, 2023 2:47am Feb 24, 2023 2:47am
Quoting ninner
{quote} yeah he said he was going to give one on supply and demand and he never showed !!!
I'm sorry to keep you waititng.
I was in Singapore,
As an invited speaker presenting case studies on elite performance at Singapore CFA conference

I delivered a presentation to the audience that lasted for an hour.
It may have been too complex for you to understand, however.

00:00 – Intro
02:06 – Excellence: More than Ambition, Hard Work, Talent...
16:17 – 1: Self-Concordance, Sweet Spot
29:45 – 2: Skill Acquisition, Technical Preperation
44:10 – 3: Delivering on Demand, Control Under Pressure
51:08 – 4: Sustaining Success, Continuous Improvement
1:00:55 – Outro
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #731,770
  • Feb 24, 2023 2:57am Feb 24, 2023 2:57am
Quoting navk
{quote} No need for me to trade anymore in this account. Achieved what is wanted. Yet another milestone. Done exactly in 5 days. Today is 5 th day This is 4 th of its kind. Before I return to Canada in April, I wish to have 6 x 100 k account. This has been my dream. {image}
Congrats. Nice one
  • #731,771
  • Feb 24, 2023 2:57am Feb 24, 2023 2:57am
Quoting Pat Chiko
{quote} {quote} Hello Walliam, I am still in Singapore and finished my paper about three hours ago. I would like to share some basic insights on how I view supply and demand in conjunction with price action, rather than as a standalone concept. We will be looking at a real-time live example to help you better understand how the law of supply and demand works. However, it typically takes an average trader around five years to fully understand supply and demand. I will try to explain it in one post, but I doubt it will be possible to make anyone fully...
Thank you for your response. Thanks for sharing.
I have a lot of questions about supply and demand. However, at this moment I don't know how to describe my question.
Sorry, I may need some time to think and find out the details of the problem.
Then continue to ask for your advice.
Thanks boss.
Just follow the trend.
  • #731,772
  • Feb 24, 2023 2:59am Feb 24, 2023 2:59am
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yes yes yes
  • #731,773
  • Feb 24, 2023 3:00am Feb 24, 2023 3:00am
CHFJPY LONG
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My telegram: https://t.me/avidforex
  • #731,774
  • Feb 24, 2023 3:00am Feb 24, 2023 3:00am
Quoting Pat Chiko
{quote} {quote} Hello Walliam, I am still in Singapore and finished my paper about three hours ago. I would like to share some basic insights on how I view supply and demand in conjunction with price action, rather than as a standalone concept. We will be looking at a real-time live example to help you better understand how the law of supply and demand works. However, it typically takes an average trader around five years to fully understand supply and demand. I will try to explain it in one post, but I doubt it will be possible to make anyone fully...
beautiful explanation

5 years, you reckon ? How did you arrive there ? I think I'm about 2.5 years in but I reckon after 2 years a committed person's market knowledge will plateau and the challenges/obstacles may be more psychological in nature.
  • #731,775
  • Feb 24, 2023 3:02am Feb 24, 2023 3:02am
after stopping me out now this bitch wants to go down..
when I close my trade early the trade then moves further in my direction
and when I follow my plan a hold the trade after moving some pips in my direction it fucking reverses.
THIS IS MENTALLY EXAUSTING, WHAT AM I DOING WRONG
  • #731,776
  • Feb 24, 2023 3:03am Feb 24, 2023 3:03am
A system should also tell you when there is no trade.

No trade on GU yet... It could reach for the next demand...

When the two pairs are equally very strong or very weak, prices tend to range
Attached Image (click to enlarge)
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My telegram: https://t.me/avidforex
  • #731,777
  • Feb 24, 2023 3:05am Feb 24, 2023 3:05am
Quoting greenpips4
after stopping me out now this bitch wants to go down.. when I close my trade early the trade then moves further in my direction and when I follow my plan a hold the trade after moving some pips in my direction it fucking reverses. THIS IS MENTALLY EXAUSTING, WHAT AM I DOING WRONG
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i saw this somewhere maybe this may help why
  • #731,778
  • Feb 24, 2023 3:06am Feb 24, 2023 3:06am
[quote=ninner;14336983]{quote} yeah he said he was going to give one on supply and demand and he never showed !!![/quote]

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"What's in it for me?"
"Can you afford me?"

And I give a talk, I don't think you can understand high-level trading."
"Do your best at whatever you're doing now."

By all mean, please........Don't stop trolling and being an annoying person without providing any real benefit or knowledge to society.
Make yourself look stupid, we don't mind having a clown in this thread.

I've seen many Karen come and go trying to troll me specifically.
I don't know why, they (all the Karen) just don't want me to share "REAL TIME" knowledge with other ?
Do you want intellectual exchanges of just want " everyone , lets go stupid" ?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #731,779
  • Feb 24, 2023 3:07am Feb 24, 2023 3:07am
And boom back to reality again
Insane in the Brain..
  • #731,780
  • Feb 24, 2023 3:07am Feb 24, 2023 3:07am
Quoting mysterio
{quote} beautiful explanation 5 years, you reckon ? How did you arrive there ? I think I'm about 2.5 years in but I reckon after 2 years a committed person's market knowledge will plateau and the challenges/obstacles may be more psychological in nature.
You and Pat have sniper like entries . My entries I must be using an old Pirates musket cause they way off . I still need to learn a lot about getting the right entry and timing it right with Supply and demand.
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