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Cable Update (GBPUSD)

  • #750,801
  • Jun 10, 2023 12:27am Jun 10, 2023 12:27am
Quoting Ferna
{quote} btw i’m just a newbie. Im always in it on both sides of market, i can change decision in a split second. Charts never follow a straight path. But depending on leverage and timeframes and strategy one can both long and short. On wednesday for example i shorted the london open for 15 pips, then immediately turn long and made an average of 70 pips, after that i been long but observing the shorts case. I cannot say; go both long and short! It would be almost impossible to set out such a prediction. Market is swift!
That my invalidation level indicate that.
Initially, we put on a trade, from market perspective chance for something to happen is 33.33% (up, down, sideways).
But when that invalidation level is hit, chance for something to happen from market perspective increase to 50% (one between price 'rises' and 'falls' get eliminated with that invalidation level, the sideways stay)

Depending where we currently stand in the price chart (at support or resistance) it becomes easier to reverse trade.

I'm looking for another method to reverse trade if the first time the trade not working. Cause that invalidation level is purely psychological level on the price chart, and i have to be in front of the screen to do it manually and i been looking for something that is more automated method to do for me cause it will much easier when you are not in front of the screen and have positions on different instruments.
More time in the market, does not mean you trade better!
  • #750,802
  • Edited 1:42am Jun 10, 2023 1:22am | Edited 1:42am
checking price , bull remain very active still , just over 2534 , even below good level correct below 2429 to 2500 limit. that is bull set up over 2500 , say 2522 as very strong , 2493 to 2451/2398 as standard , 2398 to 2321 weak but still bull . take care . so now set up only over 2500 for bull , more highs if possible or fail . anyway will post limited as it habit forming for long even not trade open . after 2500 breaks down will post then only . take care
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #750,803
  • Jun 10, 2023 5:23am Jun 10, 2023 5:23am
Quoting fontu
checking price , bull remain very active still , just over 2534 , even below good level correct below 2429 to 2500 limit. that is bull set up over 2500 , say 2522 as very strong , 2493 to 2451/2398 as standard , 2398 to 2321 weak but still bull . take care . so now set up only over 2500 for bull , more highs if possible or fail . anyway will post limited as it habit forming for long even not trade open . after 2500 breaks down will post then only . take care {image} {image}
your closing price was 2559!? My is totally different, whats your EU closing price?
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People don't plan to lose. They lose because they don't plan.
  • #750,804
  • Jun 10, 2023 5:27am Jun 10, 2023 5:27am
Quoting ScalaFX
{quote} your closing price was 2559!? My is totally different, whats your EU closing price? {image}
mine similar to yours 12579-12181
Insane in the Brain..
  • #750,805
  • Edited 7:55am Jun 10, 2023 5:28am | Edited 7:55am
Hello,

I have received a private message from a website user so i will address it here in English.
( i know it says on my profile i am trading from Turkey )

Thank you for sending me private message but please know that i am not Turkish Native so keep the communication in English Language which is my second language and i do make spelling mistakes. You can just think of me as an Alien from outer space and i know it is funny.

Lets come to the important point of what you see on my chart and forex. Please note that i am trading since September 2022 and not even 1 full year so i am very new to forex concept and i bought some books to help me understand how such concepts works in the market. I am developing some indicators and i created a code library on c++ and mql4 . This is all for my private use but i will drop book names below that could help you to understand and create your own indicators and libraries when you want..

Indicators and Libraries i created

  1. Bella's Blue ( helper library of useful and re-usable code ) . This is not an indicator.
  2. Bella's GMT Switch currently at v1.3 . ( This indicator works with GMT Time currently at v1.3 latest from next week up to 2.0 (features not implemented yet )
  3. Bella's Hot zones currently at beta version ( This indicator works with support and resistance )
  4. Bella's Artificial Intelligence (Beta v1.0 ). This is a standalone program like Microsoft excel and it is based on Advanced AI.
  5. Bella's Trend-0.25 at Beta v1.0 . ( This indicator is used on 4hrs for Analysis )

Trading Books for Skill Development:
1.Wave Principal ( Robert Prechter )
2.Pivot Boss ( Frank O. Ochoa )
3.Gann Square of 9 ( Mikula )
6.Trade your way to Financial Freedom ( Van Tharp ).
Neural Networks for Advanced AI Development
1.Introduction to Neural Networks with Java (Jeff Heaton)
2.Advanced Artificial Intelligence ( Zhongzhi Shi )
Programming Books
( this could be ignored but useful if you are just starting out )
Accelerated C++ ( Andrew Koieng )
Getting Started with Visual Studio 2022 (Dirk Strauss)
Expert Advisor Programming Metatrader 4 (Andrew R. Young)

I hope above information is helpful.

Have a Nice Day
Bella

Goddess of Thunder..
  • #750,806
  • Jun 10, 2023 5:47am Jun 10, 2023 5:47am
Quoting BeeTogether
{quote} mine similar to yours 12579-12181
which broker Bee?
People don't plan to lose. They lose because they don't plan.
  • #750,807
  • Jun 10, 2023 5:58am Jun 10, 2023 5:58am
Quoting ScalaFX
{quote} your closing price was 2559!? My is totally different, whats your EU closing price? {image}
Yes, I see it now, last few minutes play some brokers totally different. Lets see open price.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #750,808
  • Jun 10, 2023 8:32am Jun 10, 2023 8:32am
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More time in the market, does not mean you trade better!
  • #750,809
  • Jun 10, 2023 8:47am Jun 10, 2023 8:47am
cable may drop
Attached Image (click to enlarge)
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  • #750,810
  • Edited 9:32am Jun 10, 2023 9:13am | Edited 9:32am
Quoting forexn00b81
{quote} Awesome trading sir.. seriously Would you say that the hgi works pretty well? {image}
Thanks for your kind words Forexn00b81,
Having worked with HGI since first inception many years ago and even part of the initial development process I must tell you that it's one of the few indicators that get my attention when I get an arrow alert. Nanningbob, a brilliant mind is the original mind behind the creation of this indicator by the way. The source code was never ever revealed. There is a big BUT. It must never be used as a stand alone indicator. You can use it in conjunction with other indicators like I like to use with stochs and my pink arrow alert which is the beast super signal, etc. It is very effective in using with daily pivot/support/res etc. If you can identify support and resistance areas manually then even better when you get confirmation of these alerts. Also candle stick formations with higher lows and highs and vice versa is an added plus. This indicator performs well in trendy periods but needs specific attention in range periods IE. smaller time frames to get entries.
The most important thing is that it is an alert to get my attention to a chart at any given time and any time frame, without having to sit at my trade desk all day to wait for perfect conditions. I have tried to incorporate this into an EA in the past, but I am afraid, there are just too many variables and cannot replace the human mind. From there on price action is key.
Have a great weekend,
Cheers.
Trade to trade another day
  • #750,811
  • Jun 10, 2023 3:13pm Jun 10, 2023 3:13pm
Quoting Bella.al
Hello, I have received a private message from a website user so i will address it here in English. ( i know it says on my profile i am trading from Turkey ) Thank you for sending me private message but please know that i am not Turkish Native so keep the communication in English Language which is my second language and i do make spelling mistakes. You can just think of me as an Alien from outer space and i know it is funny. Lets come to the important point of what you see on my chart and forex. Please note that i am trading since September 2022...
Nice Work Bella Keep it up

I will launch my own thread in 1 day time You may find somethings useful there
HBS - Hussain Bin Salman
  • #750,812
  • Jun 10, 2023 3:50pm Jun 10, 2023 3:50pm
Here some commentary for the weekend from classic legendary investor and speculator Larry Wiliams.

Quote: ”If Fed keep hiking rates when inflation is going down, then in my mind he has another agenda.”
*cough CBDC…
Inserted Video
You have an IQ lower than 90 if you interact with this user.
  • #750,813
  • Jun 10, 2023 4:38pm Jun 10, 2023 4:38pm
Daily is in uptrend, 4hr in uptrend.

My 4hr MACD , Daily MACD shows this .( MTF MACD )

What is the entry point ?

Bottom of boling band in a 15 min chart.

One can use some support/resistance also for the entry.

Entry now is 2550 for R1 or more on Monday.
Attached Image (click to enlarge)
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Intraday only.
  • #750,814
  • Jun 10, 2023 4:46pm Jun 10, 2023 4:46pm
Hourly chart with daily MACD.

2600 + is resistace.

Week biginning may see a pull back to bottom of BL which is 2500.

That is enough for another trend up.
Attached Image (click to enlarge)
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Intraday only.
  • #750,815
  • Jun 10, 2023 5:12pm Jun 10, 2023 5:12pm
Look at the long entry in 5 min chart on friday with 4HR and Daily MACD in positive range
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 15 KB
Intraday only.
  • #750,816
  • Jun 10, 2023 10:45pm Jun 10, 2023 10:45pm
Quoting navk
Daily is in uptrend, 4hr in uptrend. My 4hr MACD , Daily MACD shows this .( MTF MACD ) What is the entry point ? Bottom of boling band in a 15 min chart. One can use some support/resistance also for the entry. Entry now is 2550 for R1 or more on Monday. {image}
Entry is based on your strategy....I cant help you with that ..i know where I would enter....I am long......ARE YO?U?????
  • #750,817
  • Jun 10, 2023 10:51pm Jun 10, 2023 10:51pm
next big lvl for gbpusd ........wait for it 1.27!!!!
  • #750,818
  • Jun 10, 2023 11:31pm Jun 10, 2023 11:31pm
it breaks 1.27 and we are going alot higher based on the pattern LOL
  • #750,819
  • Jun 11, 2023 1:33am Jun 11, 2023 1:33am
Just wondering, why isnt there anyone who talks about DXY on a weekly bullish?
  • #750,820
  • Jun 11, 2023 1:57am Jun 11, 2023 1:57am
Quoting ninner
{quote} Entry is based on your strategy....I cant help you with that ..i know where I would enter....I am long......ARE YO?U?????
You have an IQ lower than 90 if you interact with this user.
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