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Cable Update (GBPUSD)

  • #765,861
  • Aug 10, 2023 3:56am Aug 10, 2023 3:56am
Quoting Pat Chiko
{quote} If you and Karen chooses to focus on the hindsight comment, it will be to your detriment. The above trade call was made 16 hours ago. (to your link) I do not care about other trades, escpecially your trade call. But I want to make it clear that if you have a comment, please make it constructive and in real time. Hindsight comments are a waste, of the reader's time. I will not react to your hindsight comments. Instead, I will simply post the charts of the trades I made against you. I do not usually do this, but I believe you need to be taught...
Hi bro, how are you?
Where were the stops for the first GU long trade?
  • #765,862
  • Aug 10, 2023 3:58am Aug 10, 2023 3:58am
Quoting genadi
{quote} Hi bro, how are you? Where were the stops for the first GU long trade?
Bravo. If the trade did not come back his algo would have closed it for a small loss.
Trade to trade another day
  • #765,863
  • Aug 10, 2023 3:59am Aug 10, 2023 3:59am
Quoting Pat Chiko
{quote} If you and Karen chooses to focus on the hindsight comment, it will be to your detriment. The above trade call was made 16 hours ago. (to your link) I do not care about other trades, escpecially your trade call. But I want to make it clear that if you have a comment, please make it constructive and in real time. Hindsight comments are a waste, of the reader's time. I will not react to your hindsight comments. Instead, I will simply post the charts of the trades I made against you. I do not usually do this, but I believe you need to be taught...

You are digging a hole for yourself

ALL THOSE TRADES ARE HINDSIGHT, NONE WERE POSTED LIVE

Not abiding by your own standards
Follow The Markets Structure - Patience and Discipline
  • #765,864
  • Aug 10, 2023 3:59am Aug 10, 2023 3:59am
Quoting Fardeen1209
{quote} The CPI Affect Interest rate = Interest rate affect GDP/Employement. When GDP is strong, meaning the economy can hold more interest rate than its current level without putting the country into a recessionary phases. As a result, the higher interest rate attract foreign investment- yield seeker - they buy the country's currency (Appreciation). -
A couple of nuances.
The US pays lip service to caring about unemployment but focuses on inflation and GDP.
The Inflation objective of 2% is so that as the money supply increases it is not devalued with inflation.
GDP is used as a proxy to suggest that the US can actually pay the interest that it owes from income and is not simply printing more money to pay interest.
All of this so that the US doesn't have to raise taxes and actually repay their debt.
Other countries try to copy the US economics and western countries have some success.
Pakistan has money supply problems, inflation issues, government spending issues, and so on that also have to be added to the mix to understand what is happening with their economy. The US has all of these problems but is able to deflect focus away from the issues and focus the planet on their reserve currency status.
  • #765,865
  • Aug 10, 2023 4:01am Aug 10, 2023 4:01am
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  • #765,866
  • Aug 10, 2023 4:02am Aug 10, 2023 4:02am
Quoting Wavegarrick
{quote} Bravo. If the trade did not come back his algo would have closed it for a small loss.

You know the script , winning trades always have 20/25 lots , losing trades only a few lots.
Follow The Markets Structure - Patience and Discipline
  • #765,867
  • Aug 10, 2023 4:04am Aug 10, 2023 4:04am
Quoting Wavegarrick
{quote} Bravo. If the trade did not come back his algo would have closed it for a small loss.
Yes, but he added to a losing trade. So the first trade had no stop loss.
And how the algo will know? Will it act according to price action or will it close all trades if the loss will reach 1,3% of all trading account?
  • #765,868
  • Aug 10, 2023 4:04am Aug 10, 2023 4:04am
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  • #765,869
  • Aug 10, 2023 4:06am Aug 10, 2023 4:06am
GBP/USD H4 Chart Confirmed Long And Candle Has Closed Above Blue Line Also!
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  • #765,870
  • Aug 10, 2023 4:10am Aug 10, 2023 4:10am
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  • #765,871
  • Aug 10, 2023 4:11am Aug 10, 2023 4:11am
Quoting palpite
buy - 1.2719 {image}

trade closed - 1.2760

+40 pips

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Together we can be strongest
Vantage Return This Month: na
  • #765,872
  • Aug 10, 2023 4:12am Aug 10, 2023 4:12am
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  • #765,873
  • Aug 10, 2023 4:14am Aug 10, 2023 4:14am
Quoting DrDave
{quote} With hindsight analysis.
Ah yes, that's very useful.
  • #765,874
  • Aug 10, 2023 4:18am Aug 10, 2023 4:18am
Quoting pipfarm
{quote} This is not a real time trade unless i am missing something here, yesterday you entered at 2751 the trade went into a lot of drawdown , however i do not know your tolerance on that. Today in hindsight your chart reappears with a new trade with an entry more or less at the bottom of the swing with a perfect entry. I am not disputing this is a live trade , however this is posted after the fact and you should abide by your own standards.
GU

Hi Pipfarm,
Thank you for your comment.
The concept of "foresighted" trade calls began with my previous post, which included a complete chart and its projection. (see chart below)

I believe that this is the best way to provide traders with valuable insights and help them make informed decisions.
I appreciate your feedback and this are very constructive feed back I got from fellow trades with respect.
Quoting Pat Chiko
{quote} GU Great analysis Thanks for sharing it. Seeing the same set up. Projection going up for LQ until tomorrow CPI. Waiting to go LONG @ LTF rejection{image}
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Structure and Chart formation
(read with charts below)

The chart below shows my trade map and projection for the upcoming trades.
Entering the first block of trades is always risky, as it requires the trader to be willing to absorb any drawdown that may occur.

In this case, even with a minor drawdown of 37 pips, the structure of the trade remained intact throughout the negative price movement.
This suggests that the market maker was simply trying to sweep out any remaining liquidity below my entry level.

To be honest, I cannot pinpoint the exact location for N3.
However, I will only enter trades with low drawdown and add my second block once the price reaches its lower liquidity zone.
I'm glaad to share my though process in taking those trades and look forward to share my view on question form others.
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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P/s This is the kind of feedback I am looking for, as it will enhance our ability to become knowledgeable traders by sharing our thought processes.
Thanks Pipfarm.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #765,875
  • Aug 10, 2023 4:19am Aug 10, 2023 4:19am
I honestly didn't like the GU buy that took place this morning.
I had anticipated a gradual fall and consolidation till CPI then shoot up but they said No.
  • #765,876
  • Aug 10, 2023 4:20am Aug 10, 2023 4:20am
Quoting navk
{quote} see how the support gave up.... Due to strong bearish trend {image}
Yes, but then they tried to pull it out. They pierced it with a strong thump, but it was not enough for them for long
  • #765,877
  • Aug 10, 2023 4:20am Aug 10, 2023 4:20am
hhmmm everyone goes with long, meanwhile i took short..
makes me not confident
  • #765,878
  • Aug 10, 2023 4:21am Aug 10, 2023 4:21am
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  • #765,879
  • Aug 10, 2023 4:21am Aug 10, 2023 4:21am
Quoting genadi
{quote} Yes, but he added to a losing trade. So the first trade had no stop loss. And how the algo will know? Will it act according to price action or will it close all trades if the loss will reach 1,3% of all trading account?
Here is what happens. He enters his trades and he waits for it to go into profits. If it does, he is a rock star. If it doesn't he will wait usually until the next day to see if it turns back. If it still doesn't he becomes doctor doctor and will post his trades with a small loss highlighting his wonderful algo. If the trade does come back he will show us his perfect trade at the bottom in hindsight and show his closed weaker trades. either way he looks like a rock star. The same process has repeated itself for years and no one has seen it or just too scared to confront him with it
Cheers.
Trade to trade another day
  • #765,880
  • Aug 10, 2023 4:22am Aug 10, 2023 4:22am
Quoting kenny4real
I honestly didn't like the GU buy that took place this morning. I had anticipated a gradual fall and consolidation till CPI then shoot up but they said No.
I anticipated (yesterday) that USD will rise 99% today... and now, I anticipate the exact opposite hahah
So much for forecasting... God it's useless...
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