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Cable Update (GBPUSD)

  • #773,061
  • Sep 6, 2023 9:52am Sep 6, 2023 9:52am
Quoting Waveskierrob
{quote}
Waveski, you are one of 89 traders here who got 1.25 level as a target, but anyway, congratulations. I know how meaningful is that to you. I'm proud of you.
Always trade your own plan...I don't provide trading signals.
  • #773,062
  • Sep 6, 2023 9:56am Sep 6, 2023 9:56am
Quoting donfriday
I can see GU toward 1.28-1.29 in weeks buy level 1.24

Coreg what do you see from 1.24 level?
MY OPINION NOT FINANCIAL ADVISE
  • #773,063
  • Sep 6, 2023 9:58am Sep 6, 2023 9:58am
Quoting T721
Anyone up for THEBALLS of 400 handles FTSE IDEA -- CHART SPEAKS {image}

you make amazing calls ..
MY OPINION NOT FINANCIAL ADVISE
  • #773,064
  • Edited 10:49am Sep 6, 2023 10:03am | Edited 10:49am
Quoting donfriday
{quote} you make amazing calls ..
Been doing this a long time pal... Was never like that when i started out tho.... blew loads of accounts, total of over 100k lost, made it all back and shitloads more but been a hell of a learning curve for me
  • #773,065
  • Sep 6, 2023 10:06am Sep 6, 2023 10:06am
Quoting Waveskierrob
{quote}
Great call rode it all the way with you and my piggy bank is bulging
  • #773,066
  • Sep 6, 2023 10:06am Sep 6, 2023 10:06am
Quoting Coreg2004
{quote} Waveski, you are one of 89 traders here who got 1.25 level as a target, but anyway, congratulations. I know how meaningful is that to you. I'm proud of you.
I wish my target 1.1945 hopefully by Christmas...
  • #773,067
  • Edited 3:57pm Sep 6, 2023 10:11am | Edited 3:57pm
Nice to see price has finally fell below 125, roofs in schools collapse, heat wave etc

12724 or 12307 next, I would say 12307
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  • #773,068
  • Edited 10:36am Sep 6, 2023 10:15am | Edited 10:36am
Quoting donfriday
{quote} Coreg what do you see from 1.24 level?
Don, thanks, If the zone for C @1.2475-1.2424 holds, min ret (to the last swing up on the daily chart) should reach 1.2736 as of right now. The challenge is to pinpoint the reversal so we won't ride on the pain train.
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Always trade your own plan...I don't provide trading signals.
  • #773,069
  • Sep 6, 2023 10:17am Sep 6, 2023 10:17am
Quoting pipfarm
{quote} Unless your a swing trader then you buy the dips and sell the rallies,, dips and rallies within a swing are caused by abc or abcde corrections
Unless a fixed TP has been set, isn't the goal for both swing traders and trend traders to exit as close to the end of a swing as possible? And don't swing traders try to enter as near to the start of the swing as possible? If these are both true, then whether a swing trader or trend trader (enter a return to the trend after a correction), then they are both actually swing traders. The trend trader is trying to enter that return swing as soon as possible after it starts and exit as close as possible to its end, which is exactly the same description of what the swing trader does.
To free Gazans of Hamas, use whatever it takes.
  • #773,070
  • Edited 11:22am Sep 6, 2023 10:23am | Edited 11:22am
Quoting forexn00b81
{quote} The ict OTE has a strong similarity with Pesavento ab cd, and you can find orderblocks and FVGs everywhere, with big reactions in those locations, another thing learning ict has forced me to do is to have your plan mapped out beforehand based on top down analysis starting with at least d1 or you have no business entering in my opinion, so even if he's a worm, it's the first time I feel like I have a proper trading plan coming together based on price action and the oscillators sre long gone... Look at the d1 fib retracement level on xau Gu...
I think that pipfarm's point is not about whether someone can find value in the ICT material, but rather that the complexity that it introduces is totally unneeded. You can simply do a top-down analysis and see how smaller TFs are building a larger TF move. Even pipfarm's use of those (too) many correction patterns are not needed, providing even further simplification.
To free Gazans of Hamas, use whatever it takes.
  • #773,071
  • Sep 6, 2023 10:24am Sep 6, 2023 10:24am
Super interesting too, the dow and sp500 both had exact same behavior, expected d1 red candle, launched off the vwap short right at the open, retested and both smashed adr low, i make mental notes of these, previous few days were a blender, but after a 3 stack of d1 dojis (on sp), we knew it was coming, and look how clean the setups were once we could more safely determine a bias... Im weak on this part, but i think if i dont have a bias, i shouldnt trade, like jumping in a river, you better know where youre going!
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  • #773,072
  • Sep 6, 2023 10:28am Sep 6, 2023 10:28am
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yes yes yes
  • #773,073
  • Sep 6, 2023 10:32am Sep 6, 2023 10:32am
Quoting montygoldy
Last trades opened for the day … so in total 2 trades long on cable targeting 1.25200 and 2 longs on Dow which is underwater targeting 34491…. Holding these two now with steel balls …. Otherwise decent performance today aiming to reach 1k + day on this small account … {image} {image}
closed cable longs .. only i have now alot of underwater dow longs.. this is for today n maybe tomorrow .. no sl dow being a good boy come to papa..
All longs based on daily support area hoping to see a nice bounce today or tomorrow
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Extreme gut feeling trader
  • #773,074
  • Sep 6, 2023 10:37am Sep 6, 2023 10:37am
Never understood pre trading & after hours trading
Markets has a starting bell and a closing bell,who gets to trade around the bells.
Is it the people who control the bell?
My who rings the bell !!
average dude treading water
  • #773,075
  • Sep 6, 2023 10:48am Sep 6, 2023 10:48am
buying zone.

I will buy in asia
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Intraday only.
  • #773,076
  • Sep 6, 2023 10:50am Sep 6, 2023 10:50am
Quoting T721
{quote} Been doing this a long time pal... Was never like that when i started out tho.... blew loads of accounts, total of over 100k lost, made it all back and shitloads more but been a hell of a learning curve for me
This is why i like to help anyone interested so they dont have to go thru these types of losses
  • #773,077
  • Sep 6, 2023 10:52am Sep 6, 2023 10:52am
Quoting DrDave
{quote}I think that PeterCaleb's point is not about whether someone can find value in the ICT material, but rather that the complexity that it introduces is totally unneeded. You can simply do a top-down analysis and see how smaller TFs are building a larger TF move. Even Peter's use of those (too) many correction patterns are not needed, providing even further simplification.
I understand, and it does seem complex, and probably is overcomplicated, but ict says he's ocd himself, loves data in huge amounts coming from computer science supposedly... it just intrigued me and forced me to respect and analyze much more in depth with rules which i need having zero knowledge base, sometimes just like the ab=cd similarity, we will see many similarities between all the good and bad we learned and form our own conclusions, and in my case, starting from nothing and no knowledge basically, it forced me to start learning, not many people out there will tell you, "hey come here and ill dump as much of my knowledge into your brain as fast as you can absorb it", just doesnt happen, not many out there willing to mentor new traders, most people are here to flap their wings and squawk lol, im here to learn as much as i can, i dont want this to just be a hobby, looking for a career in it.
  • #773,078
  • Sep 6, 2023 10:53am Sep 6, 2023 10:53am
forexn00b81 can we make zoom 15mins later, gotta go out ---- lets start in 53mins (7.45pm uk)
  • #773,079
  • Sep 6, 2023 10:54am Sep 6, 2023 10:54am
Quoting DrDave
{quote} Unless a fixed TP has been set, isn't the goal for both swing traders and trend traders to exit as close to the end of a swing as possible? And don't swing traders try to enter as near to the start of the swing as possible? If these are both true, then whether a swing trader or trend trader (enter a return to the trend after a correction), then they are both actually swing traders. The trend trader is trying to enter that return swing as soon as possible after it starts and exit as close as possible to its end, which is exactly the same...
I never mentioned anything about trend trading , i was talking about buying the dips and selling the rallies within a swing which is not trend trading , it is merely a directional bias.

Swing traders try to capture the whole swing whereas buy the dips sell the rallies captures a smaller proportion of the directionally biassed swing.
Follow The Markets Structure - Patience and Discipline
  • #773,080
  • Sep 6, 2023 10:59am Sep 6, 2023 10:59am
Quoting forexn00b81
{quote} I understand, and it does seem complex, and probably is overcomplicated, but ict says he's ocd himself, loves data in huge amounts coming from computer science supposedly... it just intrigued me and forced me to respect and analyze much more in depth with rules which i need having zero knowledge base, sometimes just like the ab=cd similarity, we will see many similarities between all the good and bad we learned and form our own conclusions, and in my case, starting from nothing and no knowledge basically, it forced me to start learning,...
You will get info overload tonight pal.. make sure to record the session as there is a lot to cover. Then all you need to do is watch the recording 20, 30, 40, 50 times and practice on every pair going back 2-3yrs on daily tf --- SIMPLES
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