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Cable Update (GBPUSD)

  • #734,841
  • Mar 8, 2023 10:23am Mar 8, 2023 10:23am
Quoting dantpm
{quote} Okay, it is still 20 pips in an hour and half.
How do u even manage the spreads for 2 pips tho, 8 is fine but 2 pips... ehh..
Exhausted
  • #734,842
  • Mar 8, 2023 10:33am Mar 8, 2023 10:33am
Quoting dantpm
{quote} Okay, it is still 20 pips in an hour and half. Using the ghost sl and tp I start with a 5 pip sl and 10 pip tp. Once the trade turns 3 pips profitable I move the sl to to -2 pips and let it run.
1. One trading day conditions is not a study case for nothing.
2. good luck. in the long run, impossible to handle it, you will make one mistake that blow your dream
This is a fact!
3. This kind of strategies are for newbies that start trade yesterday and they google "best forex trading strategy EVER.."
  • #734,843
  • Mar 8, 2023 10:39am Mar 8, 2023 10:39am
Prepare for 300 pip down from here.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #734,844
  • Mar 8, 2023 10:40am Mar 8, 2023 10:40am
Have to say no matter how crap the day goes in terms of movement and shitty trades this place is my go to!

Have a feeling tonight will close to last nights. No real movement maybe tomorrow similar. Friday could be a real ball buster though
Insane in the Brain..
  • #734,845
  • Mar 8, 2023 10:43am Mar 8, 2023 10:43am
Quoting BeeTogether
Have to say no matter how crap the day goes in terms of movement and shitty trades this place is my go to! Have a feeling tonight will close to last nights. No real movement maybe tomorrow similar. Friday could be a real ball buster though
Today Wednesday usually is a sell day and they did nothing. It all makes it clear that Thursday price will track up. Friday maybe we smash it to abyss from 1.1900 area.
  • #734,846
  • Mar 8, 2023 10:45am Mar 8, 2023 10:45am
Quoting ChiForex
Prepare for 300 pip down from here.
Why is that then ...
  • #734,847
  • Edited 11:56am Mar 8, 2023 10:49am | Edited 11:56am
On the chart:
magenta rsi 7
light blue rsi 14
green RSI LWMA 8
blue smoothed ma 48
red white green line is lwma 8 period median
white lines are 8 lwma high and low
blue lines are 48 lwma high, median and low

Enter a sell trade when the rsi lines are either close to 70 or above and turning down and a buy trade when the rsi lines are close to 30 or below and turning up. The farther from the extremes the better, the trades can sometimes be riskier unless there is a trend happening if they are too close to 50.

You can also enter a buy when the candles move above the lower white ma or a sell when the candles move below the upper white ma, providing the center line is pointing in the direction of your trade.

EDIT Appears to work in other timeframes as well!
Attached Image (click to enlarge)
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  • #734,848
  • Mar 8, 2023 10:54am Mar 8, 2023 10:54am
Never once seen my chart so chaotic.
This is a first.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230309_025209.jpg Size: 998 KB
Exhausted
  • #734,849
  • Mar 8, 2023 10:54am Mar 8, 2023 10:54am
Quoting dantpm
This is a first for me. I have never been this successful with quick scalping. Using the RSI (7 and 14) as well as a lwma of 8 on the RSI curve. Enter when the RSI crosses the MA and typically exit when the RSI's reverse. Typically 2-8 pips per cycle. Thank you Mr. Moti!
LOL. You have discovered essentially the green and red (Trade and Signal) lines of the TDI indicator.
To free Gazans of Hamas, use whatever it takes.
  • #734,850
  • Mar 8, 2023 11:01am Mar 8, 2023 11:01am
Update 3 x LONG BE 1.1849 ...
  • #734,851
  • Mar 8, 2023 11:07am Mar 8, 2023 11:07am
Quoting Waveskierrob
Update 3 x LONG BE 1.1849 ...
I promised you yesterday that all your shorts would be in huge profit and it happened. I am now promising the longs will cash out tomorrow. I am calling Powell now. Make sure to send my portion of the profit.
  • #734,852
  • Mar 8, 2023 11:09am Mar 8, 2023 11:09am
Quoting DrDave
{quote} LOL. You have discovered essentially the green and red (Trade and Signal) lines of the TDI indicator.
Yeah, I recognized that as well.
It's almost the same as TDI.
Exhausted
  • #734,853
  • Mar 8, 2023 11:11am Mar 8, 2023 11:11am
Quoting BeeTogether
Have to say no matter how crap the day goes in terms of movement and shitty trades this place is my go to! Have a feeling tonight will close to last nights. No real movement maybe tomorrow similar. Friday could be a real ball buster though
Apparently we're in a symmetrical triangle with huge range for the past few hours.
Exhausted
  • #734,854
  • Mar 8, 2023 11:14am Mar 8, 2023 11:14am
Quoting DrDave
{quote} LOL. You have discovered essentially the green and red (Trade and Signal) lines of the TDI indicator.
Checking the TDI indicator it appears to use the 14 RSI indicator, the 8-period sma and 4 other lines that I don't know what they are.
I have found that using the 7 and 14-period rsi indicators provides you with an earlier signal than just using the 14. It also suggests the strength of the move as the lines separate or converge.
  • #734,855
  • Mar 8, 2023 11:14am Mar 8, 2023 11:14am
Closing all longs near 1.186 if it gets there.
Don't think we can go up any further today
Exhausted
  • #734,856
  • Mar 8, 2023 11:17am Mar 8, 2023 11:17am
Quoting Mitiblotch
{quote} I promised you yesterday that all your shorts would be in huge profit and it happened. I am now promising the longs will cash out tomorrow. I am calling Powell now. Make sure to send my portion of the profit.
How would you like it £ Sterling...
  • #734,857
  • Mar 8, 2023 11:20am Mar 8, 2023 11:20am
There is definately money above so it may bounce abit but the trend is just establishing and it appears the big money wants to go south with it. There is alot of money sitting there below ready to be scooped up!!!
  • #734,858
  • Mar 8, 2023 11:24am Mar 8, 2023 11:24am
Quoting dantpm
{quote} Checking the TDI indicator it appears to use the 14 RSI indicator, the 8-period sma and 4 other lines that I don't know what they are. I have found that using the 7 and 14-period rsi indicators provides you with an earlier signal than just using the 14. It also suggests the strength of the move as the lines separate or converge.
There are two versions of TDI, major tweaks is in the rsi 10 or 14. One for fast moving scalping another one for higher tf
Exhausted
  • #734,859
  • Edited 11:42am Mar 8, 2023 11:27am | Edited 11:42am
Quoting Elysion
{quote} There are two versions of TDI, major tweaks is in the rsi 10 or 14. One for fast moving scalping another one for higher tf
Do you have the two versions or can you suggest where I could get them to take a look at them?

(Never mind, I found them both. Checking them out.)
  • #734,860
  • Mar 8, 2023 11:28am Mar 8, 2023 11:28am
Quoting Waveskierrob
{quote} How would you like it £ Sterling...
Lol... Yes. I am in the UK and we use Pound Sterling here.
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