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Cable Update (GBPUSD)

  • #777,561
  • Sep 22, 2023 11:21am Sep 22, 2023 11:21am
Quoting pipfarm
{quote} Depends on what timeframe you were trading, 5/15 this morning great opp for short and currently 15/30 there is a short but not timeframes i trade , nothing higher up for me that was worth trading {image} {image}
I trade any TF that presents an opportunity. Although I tend to avoid M1 because it usually has swings that do not span many pips.

The fractal nature of financial time series means the pattern is valid for any TF that is selected.
To free Gazans of Hamas, use whatever it takes.
  • #777,562
  • Sep 22, 2023 11:21am Sep 22, 2023 11:21am
Okay, we’re not giving up on trading. If I can start analyzing chart and finding out some good entry point.
like earlier I said, at 1.22700 the price retracement is complete. It should fall back down. And it did the same. And still it’s falling down.
so I better continue with another account. Mistakes teaches a person. Mistakes are not meant to be given up on.
Secret to the Price Action is Liquidity.
  • #777,563
  • Sep 22, 2023 11:24am Sep 22, 2023 11:24am
Quoting Zebi
{quote} i spent all morning giving my reasoning bonzey and i backed it up with entries...so what blind call?...lets see you make some calls instead of just posting charts without committing to targets or entries...cause if youre just trading the weekly chart means your underwater and using the last refuge you got left instead of counter trend trading im bullish your black crows
you're bullish in the formation
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #777,564
  • Sep 22, 2023 11:26am Sep 22, 2023 11:26am
Quoting ScalaFX
{quote}maybe you can post some calls that all can earn with you? Dont be shy
I already played that game for a year with a Trade Explorer for anyone that cared to look. I also have posted on many weekends pre-market analyses of expectations that anyone that cares to check can look here.
To free Gazans of Hamas, use whatever it takes.
  • #777,565
  • Sep 22, 2023 11:27am Sep 22, 2023 11:27am
Quoting eyefeelsix
{quote} Stoploss+ ( I use auto-exited 1 Hour before market closed ) --- done for friday {image}
what are those red blue and green lines?
  • #777,566
  • Sep 22, 2023 11:29am Sep 22, 2023 11:29am
Quoting iusman23
{quote} It was too early to blow, I started a month ago and blown it. Currently feeling too low to cope with that. Yesterday, I made a huge loss. Today, I recovered that all with 2 newses. Now with USD, I blown it.
if you use high leverage and do not have a large account size, then only trade with a small lot size.
just a suggestion.
  • #777,567
  • Sep 22, 2023 11:30am Sep 22, 2023 11:30am
Quoting DrDave
{quote} I already played that game for a year with a Trade Explorer for anyone that cared to look. I also have posted on many weekends pre-market analyses of expectations that anyone that cares to check can look here.
o! Thanks! I look at it at weekend, cheers!
People don't plan to lose. They lose because they don't plan.
  • #777,568
  • Sep 22, 2023 11:32am Sep 22, 2023 11:32am
Quoting TheWraith
{quote} To be honest, this day sucks for trading! This is a disaster for traders.. neither here nor there.. Only a few people could have actually made a decent profit today... most are probably at BE or in a loss.
I think we have to differ here between gambling and good chances. I'm not that far yet but my theory is that their is a lot of seconds, minutes etc. where it is roulette to trade on intra-day basis so you have to stay away in this seconds/moments because you lose in long run if you trade in that moments. And I think that was what annoyed you today. It was too much roulette today (so you could not see any good chances). I had the same problem.

We had lots of weird moves, also PA showed that market were pushed in both directions with more force than usual. So some people did not wanted to bust 1.2230 today - the news did the rest today to avoid quotes below 1.2230 but they were also not (yet) in the mood to push it down. So this friday was quite boring except the morning. That frustrates but it is part of the game. All in all the week was good I would say. Happy weekend everyone.
  • #777,569
  • Sep 22, 2023 11:33am Sep 22, 2023 11:33am
NY session sucks, third day this week, but I refuse to move to Europe to trade the London session...
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Always trade your own plan...I don't provide trading signals.
  • #777,570
  • Sep 22, 2023 11:34am Sep 22, 2023 11:34am
Quoting tiborf71
{quote} if you use high leverage and do not have a large account size, then only trade with a small lot size. just a suggestion.
300$ drawdown. Using 0.3 and 0.2 lot size.
Secret to the Price Action is Liquidity.
  • #777,571
  • Edited 12:40pm Sep 22, 2023 11:45am | Edited 12:40pm
...just on the good day -vs- bad day discussion above, as a scalper(+) I found it to be a pretty average but positive session. I finished my own trading session Uk 0800am - 1130am.

* Re the wkly, as Bones has been suggesting all week, it is very likely to close bearishly and unless there's a late buying spree probably as the 3 black crows formation, and if it does it is definitely in and of itself a classic bearish formation. Like all set-ups/formations it will or won't play out. Re Potential support on the dly and wkly t/f's...Price on the wkly t/f has entered the top of the wkly part of a prev dly/wkly sw hi zone that on wkly is very wide and extends down to circa 2050, less wide on dly and a prev 4hr/dly sw lo zone also to 2189 after being tested and held as rbs on 1st test. Under this prev 4hr/dly sw lo zone to 2189 there is another - this time a prev 4hr sw lo zone to 2178.
* For the bears there remains the small matter of the prev 1hr/4hr sw lo zone down to y/day's 2231 lo = prev supp = pot supp, which has been tested and held as supp - earlier today.
* 50% of the entire 0327-3142 move-up is @ 1734/35. Price is already south of the 61.8% 1802 (current yrly lo) - same 3142 (current yrly hi) move.

wkly then dly below
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Trader with an Edge.
  • #777,572
  • Sep 22, 2023 11:49am Sep 22, 2023 11:49am
Quoting AlfieSolomon
{quote} what are those red blue and green lines?
I could be wrong but it look like multi time frame moving average with price label.
Don't mind me.. i'm crazy
  • #777,573
  • Sep 22, 2023 11:53am Sep 22, 2023 11:53am
this indicator can't loss
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yes yes yes
  • #777,574
  • Sep 22, 2023 11:55am Sep 22, 2023 11:55am
Quoting Coreg2004
NY session sucks, third day this week, but I refuse to move to Europe to trade the London session... {image}

exactly
MY OPINION NOT FINANCIAL ADVISE
  • #777,575
  • Sep 22, 2023 11:55am Sep 22, 2023 11:55am
Quoting Bones
{quote} you're bullish in the formation {image}

im gona try and explain this in simple terms so even you can understand

i dont know if youre just dense and obtuse( i always wanted to use that word after seeing shawshank redemtion) LOL....or if youre just goading me into a fight which wont happen since i have thick skin

you posted a chart the other day and thats what im gona use to tell you why im bullish your black crows LOL

Quoting Bones
I think the weekly will print 3 identical crows, like this example and the chart I posted earlier it's the bodies that are identical.(Real-Life =Roughly) {image} {image}
do you remember this post bonzey?


i took a screenshot of the first chart where price reversed after the 3 crows IN YOUR EXAMPLE...do you see it.....i can show you another hundred images of price reversing after those 3 crows cause its a temporary exhaustion pattern on the weekly bonzey... i always look at and trade hier timeframes so thats why i say its exhaustion

i would think someone with a red diamond would know unless theyre underwater and thats why your watching the weekly exclusively LOL so look at your own example from your own post why im bullish your crows cause theyll prolly get shot down next two weeks by buckshot hunters LOL

i hope this is a simple enough explanation so ebven you can understand ROFLMAO
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short trump and go long the deepstate
  • #777,576
  • Sep 22, 2023 12:03pm Sep 22, 2023 12:03pm
Quoting iusman23
{quote} 300$ drawdown. Using 0.3 and 0.2 lot size.
A lot of traders suggest you trade with 1-3% of your account. With a $300 account and 500:1 leverage that suggests trades of .03 lots. Takes longer to grow and longer to lose.
  • #777,577
  • Sep 22, 2023 12:05pm Sep 22, 2023 12:05pm
Quoting Yngwie
Last trade for this week. Sold 1.2280 SL 1.3000
enough for this week. Close 30p.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #777,578
  • Sep 22, 2023 12:12pm Sep 22, 2023 12:12pm
Quoting Bones
{quote} you're bullish in the formation {image}

we'll find out next friday and maybe for the next couple weeks whos right or wrong
short trump and go long the deepstate
  • #777,579
  • Sep 22, 2023 12:12pm Sep 22, 2023 12:12pm
Quoting Coreg2004
NY session sucks, third day this week, but I refuse to move to Europe to trade the London session... {image}
you can move to Europe and trade both with comfortable hours
  • #777,580
  • Sep 22, 2023 12:13pm Sep 22, 2023 12:13pm
Quoting dantpm
{quote} A lot of traders suggest you trade with 1-3% of your account. With a $300 account and 500:1 leverage that suggests trades of .03 lots. Takes longer to grow and longer to lose.
So basically I should use 0.03 max highest lot. But I think at least 0.05 should be the max lot size. Because my phase 1 requires me to make $480 to pass the phase.
Secret to the Price Action is Liquidity.
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