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Cable Update (GBPUSD)

  • #767,881
  • Aug 17, 2023 3:58am Aug 17, 2023 3:58am
Quoting Konichiwhaat
{quote} Half closed with 15 pips. SL to BE. Second half will trail
Second half BE
Emotional Control. Process, not outcome.
  • #767,882
  • Aug 17, 2023 3:59am Aug 17, 2023 3:59am
No further interest up there , dropped like a brick, wiped out the longs in one go

Short entry taken


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Follow The Markets Structure - Patience and Discipline
  • #767,883
  • Aug 17, 2023 4:03am Aug 17, 2023 4:03am
add long 2710
  • #767,884
  • Aug 17, 2023 4:04am Aug 17, 2023 4:04am
Quoting Yngwie
1.2745 need to hold for bears
Done easy pips
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Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #767,885
  • Aug 17, 2023 4:06am Aug 17, 2023 4:06am
well it fell like a rock...ike i said very choppy price action.
  • #767,886
  • Aug 17, 2023 4:07am Aug 17, 2023 4:07am
Quoting Yngwie
{quote} Done easy pips {image}
Well done , you cracked that top

Are you going to hold this trade or bail with a few pips
Follow The Markets Structure - Patience and Discipline
  • #767,887
  • Aug 17, 2023 4:12am Aug 17, 2023 4:12am
did a left right combo on the 4 hour chart which is usually a very strong reversal signal.
  • #767,888
  • Aug 17, 2023 4:14am Aug 17, 2023 4:14am
Quoting LifeRider
{quote} Bloomin' heck, NOW? {image}
Added a third position at the 38.2% retrace of the move from the very bottom:
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I have no clue where it's going
  • #767,889
  • Aug 17, 2023 4:14am Aug 17, 2023 4:14am
Cable seems to have found support at the 1.2635 level. this is great for bulls and am sure they are very keen to hold price above this price level.see pic

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  • #767,890
  • Aug 17, 2023 4:17am Aug 17, 2023 4:17am
Quoting pipfarm
{quote} 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.
Quoting DrDave
{quote} H1 is refusing to break down That's because it is H2 that is making a return up before the H4 down move can kick in. (More TFs = more important intel.)
H2 rally and return down, anyone? (And maybe check H4--is it possibly "H4 down move can kick in"?)
I had 3 sells. . .

I marked the H2 rally with the semi-transparent rectangle. And no pesky MA lines to confuse people; just HA bars with standard bars overlaid and customized MACDs.
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To free Gazans of Hamas, use whatever it takes.
  • #767,891
  • Aug 17, 2023 4:17am Aug 17, 2023 4:17am
I am a day trader, anything over 15 minutes tf is irrelevent to me. Don't confuse yourself with multi timeframe analysis.
From the session opens you can find clues at swing lows and highs like what happened today at LO.

I am no gatekeeper in this thread nor trying to topple some here.
on a postive roll...
  • #767,892
  • Aug 17, 2023 4:19am Aug 17, 2023 4:19am
Price will definitely remain dead until next week. Trading-wise see you next week!
  • #767,893
  • Aug 17, 2023 4:21am Aug 17, 2023 4:21am
Quoting DrDave
{quote} {quote} H2 rally and return down, anyone? (And maybe check H4--is it possibly "H4 down move can kick in"?) I had 3 sells. . . I marked the H2 rally with the semi-transparent rectangle. And no pesky MA lines to confuse people; just HA bars with standard bars overlaid and customized MACDs. {image}

You had three sells (had being the operative word)

Please post the entries as close to as they happen otherwise it is meaningless.
Follow The Markets Structure - Patience and Discipline
  • #767,894
  • Aug 17, 2023 4:24am Aug 17, 2023 4:24am
Quoting pipfarm
{quote} You had three sells (had being the operative word) Please post the entries as close to as they happen otherwise it is meaningless.
not really
  • #767,895
  • Aug 17, 2023 4:25am Aug 17, 2023 4:25am
Quoting Rmg
I am a day trader, anything over 15 minutes tf is irrelevent to me. Don't confuse yourself with multi timeframe analysis. From the session opens you can find clues at swing lows and highs like what happened today at LO. I am no gatekeeper in this thread nor trying to topple some here.
As long as a system is found that yields consistent profits with low probability of blowing the account, it matters not if the user is confused or enlightened.

But the published summary from many brokers make it clear that about 70% of those who try do not succeed, whatever their state of confusion might be.
To free Gazans of Hamas, use whatever it takes.
  • #767,896
  • Aug 17, 2023 4:29am Aug 17, 2023 4:29am
Quoting pipfarm
{quote} You had three sells (had being the operative word) Please post the entries as close to as they happen otherwise it is meaningless.
As I have already stated, I did that exercise for a year with a visible TE. I have yet to see a single person in this thread come close to demonstrating "long term" success with any equivalent means.

(But it is meaningful to my account balance. . .)
To free Gazans of Hamas, use whatever it takes.
  • #767,897
  • Aug 17, 2023 4:41am Aug 17, 2023 4:41am
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yes yes yes
  • #767,898
  • Aug 17, 2023 4:44am Aug 17, 2023 4:44am
...Lost my $500 to AU trades...till whenever .
  • #767,899
  • Aug 17, 2023 4:45am Aug 17, 2023 4:45am
Quoting pipfarm
{quote} You had three sells (had being the operative word) Please post the entries as close to as they happen otherwise it is meaningless.
2 hours before "the dump" of H2, I said it needed to make a return up before the H4 down move. That is not enough of a clue in PLENTY of time in advance to check the TFs that build H2 to see when H2 is starting its move back down??? And also, to be wary of long positions??

Technical traders, fundamental traders, or gamblers/guessers?
To free Gazans of Hamas, use whatever it takes.
  • #767,900
  • Aug 17, 2023 4:48am Aug 17, 2023 4:48am
Quoting ScalaFX
{quote} No, trade running, Im usually dont trade with stop, only for FF I write this level, Im added 2750 for better profits but no time to post, lets see how this develop
I'm long, so I'm trading against you. My few pennies worth
I have no clue where it's going
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