Cable Update (GBPUSD)

yes but my point is we do not know how far price will travel after the breakout, it could go 10.20.50,100 or more before correcting, that is why going short immediately after a breakout is a losing strategy

Scalping shorts, until 1.235 ish I think.

yes, stop loss management is always best way of defence

let it ride done for today...

I do not know if anyone used this MACD.

Available on internet.

VT, RT, VB,RB are good signs of exhaustions.

However a momentum is needed to confirm this.

Why do u always have gaps here and there while I don't see any on mine

slow internet connection

so the chfjpy tanked, do still really believe it was a stop hunt, i know my chart patterns , the ascending triangle should of broken the top for a continuation long.

That ascending triangle was accumulation for shorts.

In any case that whole 15 minute move up was showing as corrective on H1 and the H4 swing was short although in early stages

I think each broker has different gaps and sometimes the price action can be a bit different which does make sense

Nothing beat the 6 elements of market structure: HH, HL, LH, LL, EQH, EQL,coupled with PA and S&R.
You just need to look from where we came from to where we currently are.
With SMC, i have missed many good opportunities just because i placed restrictions on how the market should react using the SMC pattern.

My long got stopped at BE

BE hit, done for the day.

Some stupid people blaming ict for their losses and talking of people hoping for a retracement and just after that retracement takes place

I hope you taken some from that ride Pat

so?

Stop Complaining , own it, your money, your decision.........

It is true for almost anyone that we are our own worst enemies.
We may start blaming external factors, such as systems, methods (Fib, MA, ICT, EW, Wyckoff, VWAP ), J Pow, Yellen, Trump, Putin, or other traders making trade calls.

However, realistically, I think that each of us is our own worst enemy in the market.
Even today, I am still astounded on some days about the decisions we make during the day and think, "I knew better than that, what was I thinking?".

In control, our impulse is to be more disciplined to cut losses quickly and hold onto winners - real basic stuff.
These are the things that trip almost everyone up and continue to plague anyone involved in the market who's honest.

We are human, and we do get emotionally involved, even though we try not to.
The thing that I have gotten a lot better at is recognizing those times when I make poor decisions and saying, "I'm not just going to hold onto the position.
Liquidate the position.
This is not smart." So, it's probably a matter of trading too large position.
Maybe we started trading too big and too concentrated in certain positions.

We have to remind ourself that those are really the principles of how to make good money in the market.
I believe that you get exactly what you deserve in the market, and you can't make excuses.

If we lose, it's because we did something stupid, and we hold ourself accountable.

Nobody should complain about China or Russia or whatever the news of the day is.
After recognizing the environment we ran, we must actuate or stand on the sidelines and wait until things make sense.

If you don't know how to play this game don't blame the pitch.....

That means it shows how dumb they are and there was no need to provoke the individuals who trade SMC and start a new war in the thread