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Cable Update (GBPUSD)

  • #767,861
  • Aug 17, 2023 2:48am Aug 17, 2023 2:48am
I bought GU to 1.277
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  • #767,862
  • Aug 17, 2023 2:49am Aug 17, 2023 2:49am
Quoting pipfarm
{quote} Well thank you again however i do not have H12,H23,H56,H97, and neither does anyone else , so means nothing to me. Maybe you should post your modified HMAs then we can follow along with you , besides i also look at Price action itself , not relying solely on indicators
I have also tried several times to understand his system but I must be just too thick to get it.
  • #767,863
  • Edited 3:05am Aug 17, 2023 2:53am | Edited 3:05am
Quoting pipfarm
{quote} Well thank you again however i do not have H12,H23,H56,H97, and neither does anyone else , so means nothing to me. Maybe you should post your modified HMAs then we can follow along with you , besides i also look at Price action itself , not relying solely on indicators
Moving averages are not the key: I have posted screen captures with several other indicators that all give essentially the same information. It is the relationships between the indicators on multiple TFs that is the key.
To free Gazans of Hamas, use whatever it takes.
  • #767,864
  • Aug 17, 2023 2:57am Aug 17, 2023 2:57am
Quoting DrDave
{quote} Moving averages are not the key: I have posted screen cptures with several other indicators that all give essentially the same information. It is the relationships between the indicators on multiple TFs that is the key.

I think we have gathered that by now , how about you post some live trades or post your HMAs so we can follow along.
Follow The Markets Structure - Patience and Discipline
  • #767,865
  • Aug 17, 2023 3:05am Aug 17, 2023 3:05am
Quoting dantpm
{quote} I have also tried several times to understand his system but I must be just too thick to get it.
LOL. You probbly just don't understand that every higher TF can be considered as being created from smaller TFs. (Reality point: every TF is created from the tick data. For bar charts, exactly 5 pieces of information are extracted from that pool of tick data and all the rest of the tick data ignored; huge waste of valuable information.)

And if you actually get rid of distracting price bars and "smooth the view", it is much easier to see the relationships.

When you were graphing a scatter plot in school and needed to find the "direction", I bet you did a least-squares regression plot of the data. And after you had that plot, you eye was no longer flitting over the raw, scatterd data points but focused on that straight-line "smoothed view" of the data, from which you now extracted some information. Without that smoothed view, could you have even figured out any of the information that you were able to obtain from it by looking only at the raw plot?
To free Gazans of Hamas, use whatever it takes.
  • #767,866
  • Aug 17, 2023 3:11am Aug 17, 2023 3:11am
2900 today...full power rocket..
upper bands H4
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  • #767,867
  • Aug 17, 2023 3:12am Aug 17, 2023 3:12am
Quoting pipfarm
{quote} I think we have gathered that by now , how about you post some live trades or post your HMAs so we can follow along.
You probably missed it, but I "posted live trades" via a Trade Explorer for an entire year. I also made weekend posts for many weeks that detailed what to expect at the start of the week. Everything was available for public scrutiny. So really, no point in repeating all of that again.

(Josi made some posts on that thread. Perhaps you could check with him for his take on it all.)
To free Gazans of Hamas, use whatever it takes.
  • #767,868
  • Aug 17, 2023 3:16am Aug 17, 2023 3:16am
Quoting DrDave
{quote} You probably missed it, but I "posted live trades" via a Trade Explorer for an entire year. I also made weekend posts for many weeks that detailed what to expect at the start of the week. Everything was available for public scrutiny. So really, no point in repeating all of that again. (Josi made some posts on that thread. Perhaps you could check with him for his take on it all.)
If there is no point in posting some trade calls then what are you doing here? there is nothing to learn from your method without the indicators you use. The way i trade can be followed via price action alone, there is no need for any indicators but i use them as i trade multiple pairs and they help me do the analysis a lot quicker.
Follow The Markets Structure - Patience and Discipline
  • #767,869
  • Aug 17, 2023 3:16am Aug 17, 2023 3:16am
Quoting Whale
I see everyone is trying to get a funded account, what am I missing with that concept for not trying? Am i old fashion?
For me

I bough prop firm challenge not because I want to make money with them. I do because I want to improve my trading experience. If I can trade on Prop Firm property without breaking their rules, I can definitely trade on traditional broker with my own money without blowing the account and return could be amazing. You know what? Since I join Prop Firm industry, my trading experience significantly improved with risk and emotional management. I’m glad I joined this industry.

I recommend you try small accounts 10K to 20K. Some prop firm offer up to 40% discount on those small accounts so you can try it with very little money.
With courage, patience, and discipline, success is a matter of time.
  • #767,870
  • Aug 17, 2023 3:17am Aug 17, 2023 3:17am
Quoting DrDave
{quote} You probably missed it, but I "posted live trades" via a Trade Explorer for an entire year. I also made weekend posts for many weeks that detailed what to expect at the start of the week. Everything was available for public scrutiny. So really, no point in repeating all of that again. (Josi made some posts on that thread. Perhaps you could check with him for his take on it all.)
Where can we find your TE? I want to see how you trade and why you enter when you enter the trade. Because it's still not clear to me when you enter the trade.

For example, if you see that M1, M5 and 15M started going against Higher TF trend, when do exactly enter? Perhaps when 30M also starts moving against Higher TF trend, when H1 starts moving against Higher TF trend.

Or do you just wait for M1 and then M5 to start trending the same way as Higher TF's like H4 or Daily TF.

Thanks!
  • #767,871
  • Aug 17, 2023 3:19am Aug 17, 2023 3:19am
Quoting pipfarm
{quote} If there is no point in posting some trade calls then what are you doing here? there is nothing to learn from your method without the indicators you use. The way i trade can be followed via price action alone, there is no need for any indicators but i use them as i trade multiple pairs and they help me do the analysis a lot quicker.
Nearly the same information can be obtained simply by looking at HA bars on multiple TFs. Simple and clear enough?

By the way, if you are plotting price bars on a chart, you are using indicators.
To free Gazans of Hamas, use whatever it takes.
  • #767,872
  • Aug 17, 2023 3:20am Aug 17, 2023 3:20am
Those rallies against AUD and NZD were great. Don't know if they will continue however..
  • #767,873
  • Aug 17, 2023 3:23am Aug 17, 2023 3:23am
Quoting Robinhood1
{quote} I kindly disagree. Wether a trader comes from any social class, he/she will not be able to live off trading nowadays because AI has taken control of markets. If you consider that 99% lose on their own inability, the other 1% are tracked down by the corporation that runs AI. Most richest people come from low class. Just think of companies like Amazon. In fact, grandfather makes a Fortune, son sustains It and grandson ruins It. In general, Lower class people experience how hard it is to create wealth.
I think that the most important aspect on forex is the human psyche and the ability to adapt to the situation, because how many doctors, business owners? believed that they were experts in their fields and would easily manage on the stock market, and the reality showed something else, I think that you need to have appropriate Predispositions for a given field
  • #767,874
  • Aug 17, 2023 3:25am Aug 17, 2023 3:25am
Quoting DrDave
{quote} You probably missed it, but I "posted live trades" via a Trade Explorer for an entire year. I also made weekend posts for many weeks that detailed what to expect at the start of the week. Everything was available for public scrutiny. So really, no point in repeating all of that again. (Josi made some posts on that thread. Perhaps you could check with him for his take on it all.)

Just out of curiosity, when you had your trade explorer running, did you get any feedback from people following indicating that they understood your presentation and found it helpful in understanding the market and if so, how many?

Some people are very good at interpreting data, situations and so on but not so good at explaining their findings to others. The fault can lie with the student, the teacher, the teaching method and so on. Until you understand this paradigm the teaching / explanations aren't going to be effective.
  • #767,875
  • Aug 17, 2023 3:31am Aug 17, 2023 3:31am
GU had break out the mid term downward channel, now change to short term green path upward.
IMO 1.282 is more likely than 1.26 next. If it breaks 1.27100, then bear takes over.
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  • #767,876
  • Aug 17, 2023 3:33am Aug 17, 2023 3:33am
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yes yes yes
  • #767,877
  • Aug 17, 2023 3:41am Aug 17, 2023 3:41am
Quoting Whale
I bought GU to 1.277 {image}
back off with few bucks..
  • #767,878
  • Aug 17, 2023 3:45am Aug 17, 2023 3:45am
trying to break the daily trendline which is very very positive.
  • #767,879
  • Aug 17, 2023 3:56am Aug 17, 2023 3:56am
short GC
You have an IQ lower than 90 if you interact with this user.
  • #767,880
  • Aug 17, 2023 3:56am Aug 17, 2023 3:56am
Quoting TheWraith
{quote} Where can we find your TE? I want to see how you trade and why you enter when you enter the trade. Because it's still not clear to me when you enter the trade. For example, if you see that M1, M5 and 15M started going against Higher TF trend, when do exactly enter? Perhaps when 30M also starts moving against Higher TF trend, when H1 starts moving against Higher TF trend. Or do you just wait for M1 and then M5 to start trending the same way as Higher TF's like H4 or Daily TF. Thanks!

I think what he does is identify the main direction of the market maybe a correction and wait for all the lower timeframes to drop back in line one by one, it makes sense but without the indicators hard to follow or even bother knowing about.
Follow The Markets Structure - Patience and Discipline
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