Cable Update (GBPUSD)

Took profit on long at 12255

taken another long maybe for 12260-70

What a f…ing day . All down all way up. Won the battle but lost a few soldiers can that of been the top ??? We play on as trades on the table

5 mins to go might see 15 min doji

can some please check that 15 min chart and tell me what they see does not mean it’s going down but …. Arrrr

Nice place to short.

But, being friday, i hesitate to take any new trade.

All done today

BT, today?

shorted BTC 27995, will add to 28200 target 27000

come on guys play the game lol.

Let's see if I can actually give you an explanation that you need.


What I can provide you for now is my system includes a few indicators of such:
1) Moving Average Exponential, (20 and 60) for trend following and potential targets areas during mean reversion/retracement/correction wave
2) Bollinger Bands (10, 2.0)
3) TDI Setup (RSI: 12, MA2 expo, MA7 simple, BB 34 1.619, MA34 simple. (This is my key indicator)
4) Stochastic (9,2,3) to support TDI on showing certain Divergence that TDI fails to generate.
5) Support and Resistance / Supply and Demand for major areas.
6) Basic PA structures

I do include Elliott waves counting from time to time but I'm no expert in that thus I can basically say I don't use Elliott wave.

I have back-tested and live-tested my system for plenty of trades incorporating with quite a hefty sum of losses.
Currently my system works best in only several timeframes (M1, M5, and H4)

I'll usually look at H4 for main directional bias most of the time.
and draw certain key areas as S/R.
Then I'll check at the TDI to see if there's any specific keypoints that I need (eg. Sharkfins, Divergence and the "Area" of Moving Average in the TDI..)
If I'm unsure of what to do, I'll look at the BB for certain conditions (i) Bands climbing (ii) Bands squeezing (iii) Price overshooting bands (iv) Parabolic end of Bands

Then I'll move into m5 or m1 to look for entries. Along with the condition where my TDI + Stochastic are showing me a setup (usually a divergence form by minor wave) [Will provide chart for explanation]

Entries and exits are mainly short term if possible but with long term target in view if the momentum is available.
And usually I'll manual exit at the view of M1 or M5 forming a divergence/ M5 reaching certain area or Moving Average.
I do misses some pips from time to time but that's alright for me.

I think my picture will summed up how I trade mainly but it's a different approach from the way you trade.
Therefore I understand why were you asking about it as there was no direct confirmation from you charts.

are you commercial???

last trade for join the party...just scalp..see you monday all..god bless us..

Me too.....

During high volume times, 1:3 or 1:4
During choppy or low momentum times 1:1 or 1:1.5, ideally in between is always 1:2

900 $
Can I make it 1000 before weekend?

I made money today...Thank you Jesus

did you sell

2207 target

Dont get too GREEDY Moty, one shit trade can give it all back . sometimes we gotta be happy with what we get