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Cable Update (GBPUSD)

  • #777,241
  • Sep 21, 2023 6:43pm Sep 21, 2023 6:43pm
Waiting for BoJ...

This September is pretty peaceful so far...
  • #777,242
  • Sep 21, 2023 6:52pm Sep 21, 2023 6:52pm
Quoting Konichiwhaat
Still away on holiday and it's been great to think about everything trading related. I'm curious, does anyone here enter trades using only the 30 min or 1 hour candle close as their lowest time entry? One thing I have been thinking about on this trip is screen time and how to possibly cut it down Thanks in advance

When I am travelling I can trade once-a-day. I choose which hour of the day where I am and have access my remote trade server.

Trade based on EOD and follow the Daily price action and the price swings...
prepare your trade plans and know where your technical stop loss shall be and use Position Sizing for every trade entry.


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #777,243
  • Sep 21, 2023 7:01pm Sep 21, 2023 7:01pm
Long 1.2275 SL 1.2265
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #777,244
  • Sep 21, 2023 7:14pm Sep 21, 2023 7:14pm
Quoting PatienceFx
99% chance of cable giving a long trade sometime today {image}
How are you ? Long time
Intraday only.
  • #777,245
  • Sep 21, 2023 7:19pm Sep 21, 2023 7:19pm
Quoting navk
{quote} How are you ? Long time
yeah just dropping by to check the health of my demo accounts
  • #777,246
  • Sep 21, 2023 7:26pm Sep 21, 2023 7:26pm
Quoting PatienceFx
{quote} yeah just dropping by to check the health of my demo accounts
0.01 lot size account, yeah.

Intraday only.
  • #777,247
  • Sep 21, 2023 7:31pm Sep 21, 2023 7:31pm
Quoting PatienceFx
{quote} yeah just dropping by to check the health of my demo accounts

Patience Fx--- India mein Kahan se ho brother?
  • #777,248
  • Sep 21, 2023 7:34pm Sep 21, 2023 7:34pm
Quoting cablekingdom
{quote} Patience Fx--- India mein Kahan se ho brother?
Currently ICU army hospital ambala
  • #777,249
  • Sep 21, 2023 7:43pm Sep 21, 2023 7:43pm
Quoting emmanuel7788
{quote} When I am travelling I can trade once-a-day. I choose which hour of the day where I am and have access my remote trade server. Trade based on EOD and follow the Daily price action and the price swings... prepare your trade plans and know where your technical stop loss shall be and use Position Sizing for every trade entry. {image} ...
Thanks for the reply. I nice idea that could work at home too. I am all for trend trading strategies. These days, the higher the time frame the better. Pop your SL above yesterday's daily candle. Either you will be right or you will be wrong, but probabilities will be in your favor. Thanks.
Emotional Control. Process, not outcome.
  • #777,250
  • Sep 21, 2023 7:47pm Sep 21, 2023 7:47pm
Quoting Yngwie
Long 1.2275 SL 1.2265
closed 7p. Range getting bigger. 1.2255 good area to buy
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #777,251
  • Sep 21, 2023 7:52pm Sep 21, 2023 7:52pm
Here is a little doodle I scribbled in my note pad on this trip. Taken from Tom Hougaard and slightly adapted by myself
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Emotional Control. Process, not outcome.
  • #777,252
  • Sep 21, 2023 8:16pm Sep 21, 2023 8:16pm
Quoting gorjejem
{quote} I will put this in a frame and remember it in each entry.
It really take a lot of time to fully integrate this trading aspect at a functional level in your trading belief.
GL with it. Always calculate risk and appropriate lot size before push the buy/sell button.
It will save you a lot from emotional trauma.
More time in the market, does not mean you trade better!
  • #777,253
  • Sep 21, 2023 8:34pm Sep 21, 2023 8:34pm
This Week so far is dissapointing... expected more volatility. Perhaps today?...
  • #777,254
  • Sep 21, 2023 8:59pm Sep 21, 2023 8:59pm
Quoting OBsayMkMoney
{quote} It isn't. what is hard is placing that stop loss just out of reach. Nothing is worse than having your stop blown only for price to move in the direction you wanted it to.
There is always another setup and tomorrow.
Worked for day trader and scalper, while swing trader, need to build their position of each pullback, his original entry is just a test to know if this is new swing or not. Once he gets his confirmation, he starts to go aggressive on his trade sizes.
But i am not a swing trader, maximum i ever hold a position is 4 days.
More time in the market, does not mean you trade better!
  • #777,255
  • Sep 21, 2023 9:48pm Sep 21, 2023 9:48pm
get ready for 1.28000
yes yes yes
  • #777,256
  • Sep 21, 2023 9:53pm Sep 21, 2023 9:53pm
this is the strategy for today
in an uptrend , you wait for 3 candle to close red below the 20 sma , then you enter
long when green candle appears and it is better is the ribbon is red

the indicators are
swingarm values 28,9
buysellsignal
donchain trend ribbon value 30
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yes yes yes
  • #777,257
  • Sep 21, 2023 10:05pm Sep 21, 2023 10:05pm
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  • #777,258
  • Sep 21, 2023 10:06pm Sep 21, 2023 10:06pm
EUR/USD H1 to confirm Short on the next hourly candle unless a bigger green candle comes.

Meaning, GBP/USD will follow suit...
  • #777,259
  • Sep 21, 2023 10:32pm Sep 21, 2023 10:32pm
So today, everybody is confused. It’s 50/50 to understand the GBP/USD next move.
Secret to the Price Action is Liquidity.
  • #777,260
  • Sep 21, 2023 10:34pm Sep 21, 2023 10:34pm
So the BoJ Press Conference will affect GBP too?
Secret to the Price Action is Liquidity.
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