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New Cable Thread & Other Pairs

  • #581
  • Oct 5, 2023 1:19pm Oct 5, 2023 1:19pm
Quoting pipfarm
Update GBPCHF - entry short confirmed second attempt (-22 from first attempt) EURGBP - trade closed for small profit +2 and a small loss (-9) from first attempt = -7 CADCHF - trade still running in profit - TRADE CLOSE +66 GBPCAD - trade still running in profit - TRADE CLOSED +170 NZDCAD - trade still running in profit - TRADE CLOSED +70 AUDCAD - trade still running in profit - TRADE CLOSED +80 EURCHF - entry short confirmed short TOTAL BOOKED PROFIT 354 PIPS New trades just posted DXY H4 Long - waiting for entry EURUSD h4 short - waiting for entry...

All positions closes AUDUSD took a loss

all other trades cancelled
Follow The Markets Structure - Patience and Discipline
  • #582
  • Oct 6, 2023 1:34am Oct 6, 2023 1:34am
GU&EU shorted.
SL:3 hours ago candle
The short position at the bottom of GU remains as it was yesterday. After that, I put in a long position and settled the trade.

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  • #583
  • Oct 6, 2023 3:28am Oct 6, 2023 3:28am
GU short annihilated, SL has been reached.

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  • #584
  • Oct 6, 2023 3:57am Oct 6, 2023 3:57am
Quoting pipfarm
{quote} All positions closes AUDUSD took a loss all other trades cancelled

Why i cancelled all trades

Essentially when trading corrections from H4 i am trading a D1/W1 wave so long as that wave is an impulse wave and not corrective so i cancelled the trades because price moved into a D1/W1 correction therefore the D1/W1 swing has come to an end and i await a new one, infact the only trade i may enter again after attempt one failed is AUDUSD as D1/W1 is still in an impulse wave down.

Some of the trades i made this week D1/W1 was corrective but they are very risky and usually i will only trade swing 3 or C ie EURGBP but the can easily fail depending on the corrective pattern, say the corrective pattern turns into a triangle? what then?

The other pairs might start a new D1 impulse wave today or the corrective moves could go higher or lower.
Follow The Markets Structure - Patience and Discipline
  • #585
  • Oct 6, 2023 4:41am Oct 6, 2023 4:41am
I will buy pounds yen again. It looks like it will go up, but what do you think?
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  • #586
  • Oct 6, 2023 4:47am Oct 6, 2023 4:47am
Another try for short on AU , will not post chart yet but in near the assumed top in H4 6380 with a nice pin bar rejection.
Follow The Markets Structure - Patience and Discipline
  • #587
  • Oct 6, 2023 7:41am Oct 6, 2023 7:41am
Quoting pipfarm
Another try for short on AU , will not post chart yet but in near the assumed top in H4 6380 with a nice pin bar rejection.
Looking good so far, will hold this over the weekend because ADR is nearly done for the day so hoping for 200 pip swing down at least during the course of Monday/Tuesday.
Follow The Markets Structure - Patience and Discipline
  • #588
  • Oct 6, 2023 7:49am Oct 6, 2023 7:49am
Quoting pipfarm
{quote} Looking good so far, will hold this over the weekend because ADR is nearly done for the day so hoping for 200 pip swing down at least during the course of Monday/Tuesday.
H4/D1 correction
D1/W1 swing down which on W1/Month 1 Confirms as impulse down

This is the only trade i made for NFP as it looked the most likely to go directionally down

It is now up to the forex gods

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Follow The Markets Structure - Patience and Discipline
  • #589
  • Oct 6, 2023 7:56am Oct 6, 2023 7:56am
Quoting pipfarm
{quote} H4/D1 correction D1/W1 swing down which on W1/Month 1 Confirms as impulse down This is the only trade i made for NFP as it looked the most likely to go directionally down It is now up to the forex gods {image}

+50 now

The thing with trading is you have to know when to stop trading a swing , each swing will keep making corrections/ impulses probably the two hardest things to do is knowing when a correction is no longer a correction and getting the entry right when the peak/trough of the correction is ending and a new swing is beginning.
Follow The Markets Structure - Patience and Discipline
  • #590
  • Oct 6, 2023 8:23am Oct 6, 2023 8:23am
Quoting pipfarm
{quote} +50 now The thing with trading is you have to know when to stop trading a swing , each swing will keep making corrections/ impulses probably the two hardest things to do is knowing when a correction is no longer a correction and getting the entry right when the peak/trough of the correction is ending and a new swing is beginning.
This painful today , giving it all back but have to have some patience
Follow The Markets Structure - Patience and Discipline
  • #591
  • Oct 6, 2023 10:13am Oct 6, 2023 10:13am
Quoting pipfarm
{quote} This painful today , giving it all back but have to have some patience

This trade not looking good , there was plenty of room to go down but that is trading , will see if can hold over the weekend otherwise it will be a 20 pips or so loss
Follow The Markets Structure - Patience and Discipline
  • #592
  • Oct 6, 2023 10:35am Oct 6, 2023 10:35am
Quoting pipfarm
{quote} This trade not looking good , there was plenty of room to go down but that is trading , will see if can hold over the weekend otherwise it will be a 20 pips or so loss
That is it bad day at the office -21
Follow The Markets Structure - Patience and Discipline
  • #593
  • Oct 6, 2023 10:40am Oct 6, 2023 10:40am
Quoting pipfarm
{quote} That is it bad day at the office -21
I hear you! I stayed out today as I just could not see any clear direction.
Tall tails tell tales.
  • #594
  • Oct 6, 2023 11:03am Oct 6, 2023 11:03am
Quoting pipsofacto
{quote} I hear you! I stayed out today as I just could not see any clear direction.
AU looked good direction was clear to me , out of all the pairs, unfortunately this is trading and just did not happen today, there is not really any way to be 100% sure a swing is going to continue but money management and keeping losses small saved the day.
Follow The Markets Structure - Patience and Discipline
  • #595
  • Oct 6, 2023 11:05am Oct 6, 2023 11:05am
Quoting pipfarm
{quote} That is it bad day at the office -21
-21 was that AU trade ?
  • #596
  • Edited 12:07pm Oct 6, 2023 11:14am | Edited 12:07pm
Quoting pipsofacto
{quote} I hear you! I stayed out today as I just could not see any clear direction.
Sometimes no position is the best position to have if you have little confidence in it,, you just need to wait for that A+ setup and get in.. You might only see your A+ 2 or 3 times a week but its worth having the patience.. I used to take a trade soon as i opened my platform Just wanted to be in a position, didnt even do any analysis, it fuckedme good and proper time after time
  • #597
  • Oct 6, 2023 11:40am Oct 6, 2023 11:40am
Really thought we,da had a good selloff today on eur/gbp --- Well it is what it is and i am holding all positions for way lower, only time will tell
  • #598
  • Oct 6, 2023 12:27pm Oct 6, 2023 12:27pm
Quoting T721
{quote} -21 was that AU trade ?

AUDUSD

was 50 pips up at one point , was hoping for a new low at least.
Follow The Markets Structure - Patience and Discipline
  • #599
  • Oct 6, 2023 12:47pm Oct 6, 2023 12:47pm
Quoting pipfarm
{quote} AUDUSD was 50 pips up at one point , was hoping for a new low at least.
No worries pal, you get lot more right than wrong so a 21pip hit is nothing. You will recover that easy
  • #600
  • Edited 2:02pm Oct 6, 2023 1:49pm | Edited 2:02pm
Gold, only my Game Plan --- dont mean it will work so manage risk if following.... Gold Seasonality should kick in this month ... Im long and will add if we drop lower next week


There are 2 Liquidity zones below if we go lower next week. Will post them if it happens
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