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Cable Update (GBPUSD)

  • #754,281
  • Jun 26, 2023 9:48am Jun 26, 2023 9:48am
Quoting Georginson
Sold 1.2675... target 1.2600... if yesterday high doesn't get taken out within 4 hours, it means we may have seen the high for this week and 130 pips sell off to 1.2570 will be very possible.
Exited at 1.2697... -22 pips .. one buy floating at 1.2820... equity now -9.5%... recovery continues.
Data + Stat + Risk/Emotions Management
  • #754,282
  • Jun 26, 2023 9:51am Jun 26, 2023 9:51am
Should start soon.
stay tuned.
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  • #754,283
  • Jun 26, 2023 9:51am Jun 26, 2023 9:51am
GU just hit my buy limit @1.26960... now waiting for TP@ 1.27430
Set $5 profit SL
study of behavior and mind,conscious and unconscious
  • #754,284
  • Jun 26, 2023 10:01am Jun 26, 2023 10:01am
looks like an bearish engolfimg candle to,me. Dxy 15 min
https://m.youtube.com/watch?v=fOmHXeYhDU8
You have an IQ lower than 90 if you interact with this user.
  • #754,285
  • Jun 26, 2023 10:08am Jun 26, 2023 10:08am
Quoting Robinhood1
{quote} 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.

it is Algorithms that moves the market. I’ll prove it over time. For example CADCHF is at a point where Algorithms can drive price. And I’m long. It collect data from traders and process it. No single individual can control the market without a set of system call ALGORITHMS
My telegram: https://t.me/avidforex
  • #754,286
  • Jun 26, 2023 10:14am Jun 26, 2023 10:14am
127 still holding firm, a huge break below is needed for a bears to take control. At the moment 12690-127 is a bouncing board for an upward move to resistance areas.
Insane in the Brain..
  • #754,287
  • Jun 26, 2023 10:17am Jun 26, 2023 10:17am
Quoting Georginson
{quote} Exited at 1.2697... -22 pips .. one buy floating at 1.2820... equity now -9.5%... recovery continues.
Sold at 1.2720 to hedge the buy at 1.2820... equity recovery continues... Now -8%...

My intention is to show how I apply hedging and scalping to recover drawdown, no intention to be posting frequently.
Data + Stat + Risk/Emotions Management
  • #754,288
  • Jun 26, 2023 10:21am Jun 26, 2023 10:21am
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  • #754,289
  • Jun 26, 2023 10:24am Jun 26, 2023 10:24am
there are two price points where the Algorithm is looking to drive price on GBPUSD. 1.22388 and 1.32074. I’ll trade GU only when price gets to this points.
Now it is at the middle of no where.
EURCAD just left an Algorithmic price point at 1.44153 and the next point is 1.39613 to the current trading direction.
why is Algorithm important in trading. It helps you to locate the price where majority of the traders domicile their orders and whenever price move in either direction it could go at least 300 pips or more to the next point.
My telegram: https://t.me/avidforex
  • #754,290
  • Jun 26, 2023 10:26am Jun 26, 2023 10:26am
Quoting pipfarm
GU Looks like H1 is coming back into alignment with H4 and H4 with D1 so if this completes then next H1 correction will look to short, could be tomorrow.
Not fully in alignment yet so still nothing for me to do here, we might see some more upside to finish the H4 correction , once everything is aligned i will post but there is no point trying to guess, it either is or is not.
Follow The Markets Structure - Patience and Discipline
  • #754,291
  • Jun 26, 2023 10:26am Jun 26, 2023 10:26am
Quoting BigNumbers
{quote} it is Algorithms that moves the market. I’ll prove it over time. For example CADCHF is at a point where Algorithms can drive price. And I’m long. It collect data from traders and process it. No single individual can control the market without a set of system call ALGORITHMS
Could it just be that it moves from order to order. And that the algos are to poor to move the market, but not to poor to profit from it?
A bit like a Matador who steps away from the bull when it charges instead of getting impaled.
You have an IQ lower than 90 if you interact with this user.
  • #754,292
  • Jun 26, 2023 10:27am Jun 26, 2023 10:27am
Quoting Bella.al
{quote} Current Rate : 1.27037 So, as they say "i'll bet my farm" .. i don't have farm . i currently live in a city so i will bet all my chocolates even the one i am eating now. Holding Long for said S/L. bella

It is been a long time i have revised my open order and what is happening to it.

Using the Bella's 13:38 GMT i went long on 23.06.2023 due to Time has Squared Date [Bella's Date Forecasting]

My Stoploss since Friday has been : 1.26873
My First Target is Bella's Price Objective 1 : 1.27835

Bella's Blue (beta v1.6 b )
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Goddess of Thunder..
  • #754,293
  • Jun 26, 2023 10:29am Jun 26, 2023 10:29am
The Algorithmic price point of CADCHF is 0.67807 and the next point is 0.68500 to the current trading direction. CADCHF does not move as much.

when price gets to Algorithmic zone how do you find an entry ? With Liquidity of course
My telegram: https://t.me/avidforex
  • #754,294
  • Jun 26, 2023 10:33am Jun 26, 2023 10:33am
In short again
You have an IQ lower than 90 if you interact with this user.
  • #754,295
  • Jun 26, 2023 10:38am Jun 26, 2023 10:38am
Quoting BigNumbers
The Algorithmic price point of CADCHF is 0.67807 and the next point is 0.68500 to the current trading direction. CADCHF does not move as much. when price gets to Algorithmic zone how do you find an entry ? With Liquidity of course
CADCHF Algorithm drill
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My telegram: https://t.me/avidforex
  • #754,296
  • Jun 26, 2023 10:39am Jun 26, 2023 10:39am
The blue path scenario is the one i desire, to add around 1.273 after retest.
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  • #754,297
  • Jun 26, 2023 10:41am Jun 26, 2023 10:41am
Hodling here - nice chill Monday

Dont forgot some US data out tomorrow - nothing too extraordinary though.

have a nice night folks
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  • #754,298
  • Jun 26, 2023 10:41am Jun 26, 2023 10:41am
Algorithmic price point are located in all the time frames but I personally use the Algo point on 3,6 and 12 months. Since I’m looking forward to catching big moves.. like 100 to 400 pips.
My telegram: https://t.me/avidforex
  • #754,299
  • Jun 26, 2023 10:47am Jun 26, 2023 10:47am
Quoting Whale
The blue path scenario is the one i desire, to add around 1.273 after retest. {image}
My system is similar to yours.

The only thing... I am surprised how the bull move failed after asia open.

The reason could be :

Today daily candle open was flat at 2705 ( without a wick ) and the price fell close to Friday support 2688 in NY session and then bounced.

Now for today daily candle there is a small wick Wick is between 2705 to 2688 )
Intraday only.
  • #754,300
  • Jun 26, 2023 10:49am Jun 26, 2023 10:49am
A daily close above 2748 is needed to continue with bullish scenario for the rest of the week.
Intraday only.
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