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Cable Update (GBPUSD)

  • #754,241
  • Jun 26, 2023 6:51am Jun 26, 2023 6:51am
When price hits this last Sell, it's sayonara probably.
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  • #754,242
  • Jun 26, 2023 6:54am Jun 26, 2023 6:54am
Look at that retrace from 12690 area! 127 needs to be resistance for a proper bear run
Insane in the Brain..
  • #754,243
  • Jun 26, 2023 7:00am Jun 26, 2023 7:00am
Good enough, Wall Street take over please, thank you!

Entry at 1.27152
SL 1.27314
TP 1.26400

(If you copy my trade, you'll need to pay 50% of your profit and if you copy and lose, well you should have known better hehe. )
Attached Image (click to enlarge)
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  • #754,244
  • Jun 26, 2023 7:10am Jun 26, 2023 7:10am
Quoting TheWraith
Good enough, Wall Street take over please, thank you! Entry at 1.27152 SL 1.27314 TP 1.26400 (If you copy my trade, you'll need to pay 50% of your profit and if you copy and lose, well you should have known better hehe. ) {image}
I hope this works out for you H1 is not in a correction yet and H4 not in alignment with D1 yet
Follow The Markets Structure - Patience and Discipline
  • #754,245
  • Jun 26, 2023 7:11am Jun 26, 2023 7:11am
Quoting pipfarm
{quote} I hope this works out for you H1 is not in a correction yet
I know, I know. That's why I said in the previous post this trade has nothing to do with Dave's strategy. Just random trade.
  • #754,246
  • Jun 26, 2023 7:15am Jun 26, 2023 7:15am
Short again 1.2715 SL 1.2745
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #754,247
  • Jun 26, 2023 7:19am Jun 26, 2023 7:19am
EURGBP a good example of why not trade against the HTF

H1 looked like a correction but H4 was also in a correction , if we had traded short from H1 it would of been a stop out as H4 started to move back in alignment with D1 although currently no fully in alignment
Follow The Markets Structure - Patience and Discipline
  • #754,248
  • Jun 26, 2023 7:20am Jun 26, 2023 7:20am
Attached Image (click to enlarge)
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yes yes yes
  • #754,249
  • Jun 26, 2023 7:24am Jun 26, 2023 7:24am
Quoting ninner
{quote} i am liking USD CAD LONG but not yet!!! I will wait...it will setup for a great trade LOL

Now you see it did not set up for a long trade as H1 was in a correction against H4 which was moving with D1, problem with corrections is we never know what shape they will take , whereas impulsive moves are pretty straight forward strong directional moves.
Follow The Markets Structure - Patience and Discipline
  • #754,250
  • Jun 26, 2023 7:25am Jun 26, 2023 7:25am
Quoting Georginson
{quote} Bought 1.2699... target 1.2800
Exited 1.2716.... +17 pips
Data + Stat + Risk/Emotions Management
  • #754,251
  • Jun 26, 2023 7:25am Jun 26, 2023 7:25am
Price if it is held at 2688 will be higher low.

It has found its hourly support, the next 4 hr candle wiould confirm bullish or no.

My stop in place at 2684
Intraday only.
  • #754,252
  • Jun 26, 2023 7:27am Jun 26, 2023 7:27am
Quoting TheWraith
{quote} Sorry Dave, I haven't mentioned the fact that I'm looking at all 28 currency pairs and not just GBP/USD. Thanks for further explanations. Look, by the time you wait for H4 to confirm and allign with Daily, you will definitely not be so early in the trade as supposed to "risking" with H1 signal right away and not waiting for H4 to perhaps end Daily correction and start alligning with Daily. Yes, it's riskier with this method, but more often then not if Daily is in an uptrend, Hourly signal will more often then not haha be sufficient to make...
If it works for you to take the risk, keep with it. I don't care about getting into a swing at the earliest possibility. I care about getting confirmation that the swing is indeed headed in a direction. Then I am satisfied with FOLLOWING and taking a piece out of the middle.
To free Gazans of Hamas, use whatever it takes.
  • #754,253
  • Jun 26, 2023 7:29am Jun 26, 2023 7:29am
This is extreme condition! .. well i am still saved and waiting . The Setup is still OK! as shown by Bella's Osc and of course Position is on.

bella brings in the popcorns

Bella's Blue
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Goddess of Thunder..
  • #754,254
  • Jun 26, 2023 7:32am Jun 26, 2023 7:32am
Quoting Georginson
{quote} Exited 1.2716.... +17 pips
you scalping that’s great idea in a ranging market
  • #754,255
  • Jun 26, 2023 7:33am Jun 26, 2023 7:33am
Quoting TheWraith
Good enough, Wall Street take over please, thank you! Entry at 1.27152 SL 1.27314 TP 1.26400 (If you copy my trade, you'll need to pay 50% of your profit and if you copy and lose, well you should have known better hehe. ) {image}
Out at 0. Engulfing 15M candle.. this reaction to last Sell isn't convincing at all. Just minor reaction to it..7 pips. Not much for today I guess..
  • #754,256
  • Jun 26, 2023 7:35am Jun 26, 2023 7:35am
Quoting OperaniyiFx
{quote} you scalping
Yes, I will be scalping till there is full bull confirmation... On the second thought, I will prefer a buy from 1.2670 area to have full confidence to let it run. Minimum expected range today is 66 pips .. so far it's done 60 pips .. meaning 1.2682 can't be ruled out
Data + Stat + Risk/Emotions Management
  • #754,257
  • Jun 26, 2023 7:41am Jun 26, 2023 7:41am
Quoting TheWraith
{quote} I know, I know. That's why I said in the previous post this trade has nothing to do with Dave's strategy. Just random trade.
Are you using a trailing stop? To me, 1.2640 looks a bit far to reach under the current conditions.
To free Gazans of Hamas, use whatever it takes.
  • #754,258
  • Jun 26, 2023 7:43am Jun 26, 2023 7:43am
Quoting Georginson
{quote} Yes, I will be scalping till there is full bull confirmation... On the second thought, I will prefer a buy from 1.2670 area to have full confidence to let it run. Minimum expected range today is 66 pips .. so far it's done 60 pips .. meaning 1.2682 can't be ruled out
that’s exactly where I set my sell TP
  • #754,259
  • Jun 26, 2023 7:58am Jun 26, 2023 7:58am
Potential GJ long
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  • #754,260
  • Jun 26, 2023 8:17am Jun 26, 2023 8:17am
Quoting BigNumbers
I’m getting messages as to what An Algorithm is ? An algorithm is a procedure used for solving a problem or performing a computation. Algorithms act as an exact list of instructions that conduct specified actions step by step in either hardware- or software-based routines. So the Algorithm in trading collects data from market participants and process them. It is designed by engineers through machine learning, AI and so on, so they can run on their own. The importance of this Algorithm is to make sure the “system” function in a steady state and “infinite”...
ONly one Algorithm will outperform the market taking into account the "time" dimension. Chess has 64 squares plus all possible combinations so most Algorithms do well there. The lobby just uses each trader's información to push the price to its best convenience. Insider información, we may call it Algorithm. I label it as pure scam and yet they like to be called MM. In other words, Algorithms are useless for trading.
POSTMASTER
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