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New Cable Thread & Other Pairs

  • #521
  • Oct 4, 2023 5:14am Oct 4, 2023 5:14am
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  • #522
  • Oct 4, 2023 5:14am Oct 4, 2023 5:14am
Quoting pipfarm
{quote} Update GBPCHF - started to move down EURGBP - not moving down yet stop in place NZDCAD - long - no entry yet CADCHF - long -entry confirmed moving down GBPCAD - long - not moving up yet AUDCAD - long - entry confirmed moving up Added EURCHF H4 short - entry not confirmed yet Charts to follow
As a side note if anyone is planning to use the elhers indicator , these trades are not taken arbitrarily, they are still based on matching corrections to the correct timeframe swing.

I have said in the past my charts show the current timeframe and the higher when the price on the current timeframe is above the higher timeframe on the same chart then we assume a correction so long as the higher timeframe chart swing is below the higher on the same chart. Then we can start looking for the peak or trough to turn in our direction using elhers but you must be able to recognise a correction and a swing as i have stated above, this is the part of the system that makes it work and unfortunately i can post it here but with enough practise you might figure it out in your own way.

eg H4 chart shows me what H4 and D1 are doing and D1 shows me what D1 and W1 are doing

So if on my H4 chart i see H4 is moving up against D1 and on my D1 chart D1 is below W1 then we can assume H4 chart is showing a correction and we wait for the peak of the correction to turn down on elhers or any other method you might want to use to identify the peak and continuation. Reverse for longs.


This works on all timeframes

eg My H1 chart shows me what H1 and H4 are doing and my H4 chart shows me what H4 and D1 are doing so if my H1 chart shows that H1 is moving above H4 on my H1 chart then we assume a correction so long as my H4 show is showing me that H4 is below D1 for a down swing, then we try to identify the peak and continuation point.

Because i have this dual set up on every time frame ie H1 shows H1 and H4 etc when i look at the higher timeframe i can also identify if the swing on the HTF itself is corrective or impulsive.

So i am letting you guys know how it works so you do not think that it is as simple as just using an indicator like elhers transform although it is a very good indicator


Of course i do not get every trade right as i am only human but you can see from my prior posts that my win rate and risk rewards are very high.
Follow The Markets Structure - Patience and Discipline
  • #523
  • Oct 4, 2023 5:39am Oct 4, 2023 5:39am
Update on trades

GBPCHF short - still waiting for the entry on H4 - second attempt
EURGBP short - first attempt (-16) second attempt now +9 but moving nicely in the right direction
CADCHF short - +32 and moving strongly down
GBPCAD long - + 130 and moving very strong up
NZDCAD long - 20 minutes to confirmation of long entry
AUDCAD long - + 30 and moving nicely up
EURCHF short - still waiting for entry signal
Follow The Markets Structure - Patience and Discipline
  • #524
  • Oct 4, 2023 6:16am Oct 4, 2023 6:16am
Quoting T721
{quote} Thanks for all your input in this thread.... Much appreciated Pipfarm
No problem, glad you opened this thread, seems like members in the other cable thread are more interested in bitching about each other than trading.
Follow The Markets Structure - Patience and Discipline
  • #525
  • Oct 4, 2023 6:20am Oct 4, 2023 6:20am
Quoting pipfarm
{quote} No problem, glad you opened this thread, seems like members in the other cable thread are more interested in bitching about each other than trading.
Totally agree pal, thats why i started it. Hopefully we will attract more serious traders here... Glad you are here, Keep up the great work
  • #526
  • Oct 4, 2023 6:27am Oct 4, 2023 6:27am
Quoting T721
{image}
One slow SOB, but it is moving at least
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  • #527
  • Oct 4, 2023 6:28am Oct 4, 2023 6:28am
Quoting T721
{quote} Totally agree pal, thats why i started it. Hopefully we will attract more serious traders here... Glad you are here, Keep up the great work
Thanks , if you want to do a screen share session anytime would be good to compare notes
Follow The Markets Structure - Patience and Discipline
  • #528
  • Oct 4, 2023 6:30am Oct 4, 2023 6:30am
Quoting pipfarm
{quote} Thanks , if you want to do a screen share session anytime would be good to compare notes
Yeah, would be good but i am in Cannes right now. lets get together on zoom when i get back We can also invite the regulars in this thread
  • #529
  • Oct 4, 2023 6:37am Oct 4, 2023 6:37am
Quoting T721
{quote} Yeah, would be good but i am in Cannes right now. lets get together on zoom when i get back We can also invite the regulars in this thread
yeah i saw you topless on the yacht. Nice tits
  • #530
  • Oct 4, 2023 6:40am Oct 4, 2023 6:40am
Quoting Whale
{quote} yeah i saw you topless on the yacht. Nice tits
Sorry my bra slipped off showing my man Boobs
  • #531
  • Oct 4, 2023 6:55am Oct 4, 2023 6:55am
what
  • #532
  • Oct 4, 2023 7:07am Oct 4, 2023 7:07am
Quoting T721
{quote} FTSE doing ok, might need a pullback at some point {image}
FTSE still going
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  • #533
  • Oct 4, 2023 7:12am Oct 4, 2023 7:12am
EUR/GBP tapped first target. Didnt scale out any, just putting it to b/e and see if it can hit lower zones
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  • #534
  • Oct 4, 2023 8:01am Oct 4, 2023 8:01am
Quoting T721
{quote} Sorry my bra slipped off showing my man Boobs
Tp here.. enough

we may get fake correction before the new low
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  • #535
  • Oct 4, 2023 8:20am Oct 4, 2023 8:20am
Quoting Whale
{quote} Tp here.. enough we may get fake correction before the new low {image}
Nice trade, well done
  • #536
  • Oct 4, 2023 8:52am Oct 4, 2023 8:52am
Time for an update

GBPCHF - going nowhere atm , that peak does not want to break down , i thought this one would be the best one as D1/W1 swing is moving down after a correction

EURGBP - we have been down and up still not really going down but daily is corrective as W1/M1 are in an upswing

CADCHF - one of the stars of the day now in good profit and moving down nicely 50 pips so far

GBPCAD - the star of the day has moved up nearly 200 pips

NZDCAD - moving up nicely 18 pips so far , this was one of the last to give an entry signal so early days yet

AUDCAD - another star of the day plus 50 and moving up nicely

EURCHF - currently a non starter , the peak is close but no entry short yet


all in over 320 pips profit today less one false entry -16 and another -15 could close all trades out but will keep open for now until i see signs of weakness

So for those who think it is not possible believe me it is.

Forget about your smc's and ict's they do have not a clue how to trade, all their concepts are a mishmash of what they have read on the internet and most of what you read by so called professionals is bs , the proof of the pudding is in the eating as they say.

PRICE OVER TIME - that is the key to all market behaviour
Follow The Markets Structure - Patience and Discipline
  • #537
  • Oct 4, 2023 9:09am Oct 4, 2023 9:09am
GBPCHF - going nowhere atm , that peak does not want to break down , i thought this one would be the best one as D1/W1 swing is moving down after a correction

For me as long as GBP/CHF dont break 11055 i like the upside to 11230/11250 +
  • #538
  • Oct 4, 2023 9:10am Oct 4, 2023 9:10am
Quoting pipfarm
Time for an update GBPCHF - going nowhere atm , that peak does not want to break down , i thought this one would be the best one as D1/W1 swing is moving down after a correction EURGBP - we have been down and up still not really going down but daily is corrective as W1/M1 are in an upswing CADCHF - one of the stars of the day now in good profit and moving down nicely 50 pips so far GBPCAD - the star of the day has moved up nearly 200 pips NZDCAD - moving up nicely 18 pips so far , this was one of the last to give an entry signal so early days yet...
PRICE OVER TIME - that is the key to all market behaviour
  • #539
  • Oct 4, 2023 9:12am Oct 4, 2023 9:12am
Quoting pipfarm
Time for an update GBPCHF - going nowhere atm , that peak does not want to break down , i thought this one would be the best one as D1/W1 swing is moving down after a correction EURGBP - we have been down and up still not really going down but daily is corrective as W1/M1 are in an upswing CADCHF - one of the stars of the day now in good profit and moving down nicely 50 pips so far GBPCAD - the star of the day has moved up nearly 200 pips NZDCAD - moving up nicely 18 pips so far , this was one of the last to give an entry signal so early days yet...
GBPCAD - the star of the day has moved up nearly 200 pips ..... Short side for me was awesome, but i swing on higher time frame so not suitable for most
  • #540
  • Oct 4, 2023 9:12am Oct 4, 2023 9:12am
Quoting pipfarm
Time for an update GBPCHF - going nowhere atm , that peak does not want to break down , i thought this one would be the best one as D1/W1 swing is moving down after a correction EURGBP - we have been down and up still not really going down but daily is corrective as W1/M1 are in an upswing CADCHF - one of the stars of the day now in good profit and moving down nicely 50 pips so far GBPCAD - the star of the day has moved up nearly 200 pips NZDCAD - moving up nicely 18 pips so far , this was one of the last to give an entry signal so early days yet...
all in over 320 pips profit today less one false entry -16 and another -15 could close all trades out but will keep open for now until i see signs of weakness

BLOODY GREAT WORK PAL
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