Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#739,361
Apr 4, 2023 5:49pm Apr 4, 2023 5:49pm

puterazs
| Joined Jan 2010 | Status: Trader | 47 Posts

Hi friends...

Good Day

Good Trading

waiting for H4 revers trend

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WHEN THE MARKET WANTS TO REWARD YOU WITH A CERTAIN AMOUNT OF PROFIT TAKE IT

#739,362
Apr 4, 2023 8:24pm Apr 4, 2023 8:24pm

KareemAliFx
Joined Oct 2019 | Status: Trader | 2,448 Posts

Price action is king , no other indicator or fundamental perspective can show me the story like price action . With price action, we can pin point where the market makers are positioning their beloved clients, although this is not an easy task. Gotta keep sharpening the skills as always

Master your mind. Master Trading.

#739,363
Apr 4, 2023 9:41pm Apr 4, 2023 9:41pm

Andhibunny
| Joined Apr 2023 | Status: Trader | 1 Post

Quoting Wavegarrick

Disliked

{quote} I see some comments like Stochs are overbought / oversold and so forth and price should turn. There is no such thing. Price will go where it wants to and as a trader we need to identify price structure, lower candle highs/lows support and resistance and so forth. If there is a harmonious flow and ranging conditions you can use stochs to time your entry. These indicators merely alert me to a possible scenario and I act accordingly. I am in with a buy and will let it flow towards my future daily pivot at 1.24714. Cheers. {image}

Ignored

Hello wave..what's the name of the line indicator that changes color from red to green on the candlestick? and arrow indicator name? I see three colored arrows there. Thanks

#739,364
Apr 4, 2023 10:33pm Apr 4, 2023 10:33pm

Fardeen1209
Temporarily Suspended | Joined Jul 2021 | 3,677 Posts

Quoting KareemAliFx

Disliked

Price action is king , no other indicator or fundamental perspective can show me the story like price action . With price action, we can pin point where the market makers are positioning their beloved clients, although this is not an easy task. Gotta keep sharpening the skills as always

Ignored

Can you please give an illustration using the current cable PA on your process of thought how you do that?

More time in the market, does not mean you trade better!

#739,365
Apr 4, 2023 10:39pm Apr 4, 2023 10:39pm

KareemAliFx
Joined Oct 2019 | Status: Trader | 2,448 Posts

Quoting Fardeen1209

Disliked

{quote} Can you please give an illustration using the current cable PA on your process of thought how you do that?

Ignored

Here is a quick example, sorry I’m off to bed. This is for pair AUDNZD and this just happened recently . You can see how the price was aggressively pushed up towards that high which is likely where most retail would have their stops. Swoops and takes them out and drops straight back down to its trend. This is a clear stop hunt.

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Master your mind. Master Trading.

#739,366
Apr 4, 2023 10:49pm Apr 4, 2023 10:49pm

Fardeen1209
Temporarily Suspended | Joined Jul 2021 | 3,677 Posts

Quoting KareemAliFx

Disliked

{quote} Here is a quick example, sorry I’m off to bed. This is for pair AUDNZD and this just happened recently . You can see how the price was aggressively pushed up towards that high which is likely where most retail would have their stops. Swoops and takes them out and drops straight back down to its trend. This is a clear stop hunt. {image}

Ignored

Ahh Thanks. Just to make sure, my process of thought is in line with yours. Or am i missing something.
Apologized for disturbing you. Sleep well Bro.
Here is morning

More time in the market, does not mean you trade better!

#739,367
Apr 4, 2023 11:10pm Apr 4, 2023 11:10pm

KareemAliFx
Joined Oct 2019 | Status: Trader | 2,448 Posts

Quoting Fardeen1209

Disliked

{quote} Ahh Thanks. Just to make sure, my process of thought is in line with yours. Or am i missing something. Apologized for disturbing you. Sleep well Bro. Here is morning

Ignored

no worries at all my friend ! Glad to help , I would give a better chart and examples for you but it’s late here . Cheers bro!

Master your mind. Master Trading.

#739,368
Apr 4, 2023 11:38pm Apr 4, 2023 11:38pm

Fardeen1209
Temporarily Suspended | Joined Jul 2021 | 3,677 Posts

One Step Towards Consistency.

For the newbie, rookie and novice.

They said consistency is not something we "try" to build. Because "trying" means there is a barrier which should break down.
So the best way to become a consistent trader is to become a consistent Individual.
From one of the podcast of a hedge funds CEO, he said consistency is a "lifestyle".

It takes 90 days to build a habit.
But what to do in those 90days to build the right habit.

I'm still in my 90days, and doing so helps me a lot and reduced the number of time my SL get hit. The maximum i open fresh position a day is 3times. If i have 2 consecutive SL hit, i always reset everything on the chart and done the analysis over again to see what i've missed and try to cover at least one of my 2 earlier losses .
If encountered a 3rd losses, time to leave the trading desk cause we always get tomorrow for another better opportunity.

Process of analysis (majority of them come from how PAT analyze his chart, but he is been doing that for years and many thing he doesnt find it necessary to pinpoint as he has a trained eyes)

Training (doing the same thing every day often get boring and after consecutive days, human tend to neglect some tasks) so by having something which induced us to completely them appropriate and in order help us in the longer term.

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Ticking those checklist everyday helps me that i have not left anything behind.
Of course, this is not enough to become a good trader, but i believe doing these small tasks will ultimately contribute to bigger success.

Easiest and free to use, is googlesheet. Just googled <sheet.new> a new blank sheet will appear. And customized your table as per your securities your are trading.

This yt video helps me built the table

Inserted Video

Hope it helps you too, and make you move one step towards your goals.

More time in the market, does not mean you trade better!

#739,369
Apr 5, 2023 12:14am Apr 5, 2023 12:14am

kidd0
Joined Jan 2023 | Status: Trader | 96 Posts

Quoting KareemAliFx

Disliked

{quote} Here is a quick example, sorry I’m off to bed. This is for pair AUDNZD and this just happened recently . You can see how the price was aggressively pushed up towards that high which is likely where most retail would have their stops. Swoops and takes them out and drops straight back down to its trend. This is a clear stop hunt. {image}

Ignored

thats call NEWS impact.. SL hunting obviously not like that

demo tok kenal barey boh!

#739,370
Apr 5, 2023 1:07am Apr 5, 2023 1:07am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

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yes yes yes

#739,371
Apr 5, 2023 1:13am Apr 5, 2023 1:13am

BeeTogether
Joined Oct 2020 | Status: Trader | 14,040 Posts

Quoting Moty

Disliked

{image}

Ignored

support at 12480 it seems once cracked the next area as your chart shows makes perfect sense either bounce up or a drop to next area

Insane in the Brain..

#739,372
Apr 5, 2023 1:26am Apr 5, 2023 1:26am

dantpm
Joined Aug 2022 | Status: Trader | 4,859 Posts

I think it is still trying to make up its mind.

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#739,373
Apr 5, 2023 1:44am Apr 5, 2023 1:44am

Wavegarrick
Joined Sep 2017 | Status: Trader | 4,363 Posts

Quoting Andhibunny

Disliked

{quote} Hello wave..what's the name of the line indicator that changes color from red to green on the candlestick? and arrow indicator name? I see three colored arrows there. Thanks

Ignored

Hi Andhibunny,
The arrows are "Beast super signal" and "HGI" and line indicator is "step ehlers optimal tracking filter". You'll find them under my file attachments and in the template you'll get the optimized indicator settings.
Cheers.

Trade to trade another day