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Cable Update (GBPUSD)

  • #789,201
  • Nov 9, 2023 12:07pm Nov 9, 2023 12:07pm
Quoting ScalaFX
Im steping in long 2222 will add till 2190 just for scalp
you know what, im actually going to join you here Scala and go long.
Just to the blue line for 10-13 pips

entry @ 2224
smaller lot to reduce the risk, im still not convinced but there is room up there so lets go
Attached Image (click to enlarge)
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in wondering about yourself, you forgot what you came here to be part of
  • #789,202
  • Nov 9, 2023 12:13pm Nov 9, 2023 12:13pm
Quoting knkie
{quote} you know what, im actually going to join you here Scala and go long. Just to the blue line for 10-13 pips entry @ 2224 smaller lot to reduce the risk, im still not convinced but there is room up there so lets go {image}
added some already closed firsts, protected
People don't plan to lose. They lose because they don't plan.
  • #789,203
  • Nov 9, 2023 12:21pm Nov 9, 2023 12:21pm
Quoting ScalaFX
{quote} added some already closed firsts, protected
well i broke even.
dont want to end the day with a loss haha

it might go up more but its too twitchy for me.

Hope it works out Scala !
in wondering about yourself, you forgot what you came here to be part of
  • #789,204
  • Nov 9, 2023 12:25pm Nov 9, 2023 12:25pm
Gbpusd 1.22300 short
  • #789,205
  • Nov 9, 2023 12:26pm Nov 9, 2023 12:26pm
Gold 1956 long
  • #789,206
  • Nov 9, 2023 12:46pm Nov 9, 2023 12:46pm
usdjpy 151.400 short
  • #789,207
  • Nov 9, 2023 12:47pm Nov 9, 2023 12:47pm
Quoting knkie
{quote} For anyone interested, alot of these indis are related to each other. A Z-score is simply measuring the number of standard deviations from a midpoint. The standard deviation indicates how extreme a value is from the midpoint. ATR is related to Standard deviation as it is also measuring a kind of "spread". Roughly a standard deviation is about 0.85 of an ATR You can be damned sure that brokers are using these types of extreme deviations to determine spreads and also where to to go Stop Hunting. Try putting a SL at 2.5 x the StDev and you...
A Z-score is simply measuring the number of standard deviations from a midpoint.
That is an extreme simplification and misleading for how z-score is used in trading.

The standard deviation indicates how extreme a value is from the midpoint.
That applies to stationary data that is normally distributed. Alas, financial time series are non-stationary, resulting in standard deviation being an invalid tool to apply.

And for every other measure that is related to standard deviation, they are also invalid for the same reason.
To free Gazans of Hamas, use whatever it takes.
  • #789,208
  • Nov 9, 2023 1:00pm Nov 9, 2023 1:00pm
Quoting knkie
{quote} I dont think H4 actually reversed yesterday. It was all H1 movement. could be wrong though.
On my charts, H4 made a swing low yesterday and then closed 2 bars above the high of that swing low before the day ended. So for me, H4 "reversed" yesterday and began a return swing up. Overnight, H8 joined in the swing up. However, H16 did not join but remained turned down, acting as a barrier to H4/H8 continuing up. So when H4 started down today, H8 joined it, and because H16 remained down, EVERY TF below H16 was also down.

So, that H4 return up that on its own looked like a promising buy for many people, those "missing" H8/H16 charts held important information that made such a buy on H4 extremely risky.
To free Gazans of Hamas, use whatever it takes.
  • #789,209
  • Nov 9, 2023 1:02pm Nov 9, 2023 1:02pm
Quoting DrDave
{quote} A Z-score is simply measuring the number of standard deviations from a midpoint. That is an extreme simplification and misleading for how z-score is used in trading. The standard deviation indicates how extreme a value is from the midpoint. That applies to stationary data that is normally distributed. Alas, financial time series are non-stationary, resulting in standard deviation being an invalid tool to apply. And for every other measure that is related to standard deviation, they are also invalid for the same reason.
I simplified on purpose because im not trying to impress anyone.

I dont use z-scores for trading i use it other types of analysis, so thats why i did not explain it as such.

I know price is not normally distributed.
I don t care. Standard deviation is still a great objective measure that i use quite often.
in wondering about yourself, you forgot what you came here to be part of
  • #789,210
  • Nov 9, 2023 1:03pm Nov 9, 2023 1:03pm
Quoting navk
Things have changed in line with the chart, that I read. 1.2297 is high for tomorrow. From there a good drop is to be expected for Friday. 1.2200 or more ? Let me not predict. The daily view has changed now for me. BEARISH
This is my demo account and not funded account.

My funded acc daily target profit was met much before so not traded.

But the daily bearish stucture prompted me to take trade and result is good as expected
Attached Image (click to enlarge)
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Intraday only.
  • #789,211
  • Nov 9, 2023 1:03pm Nov 9, 2023 1:03pm
Quoting DrDave
{quote}On my charts, H4 made a swing low yesterday and then closed 2 bars above the high of that swing low before the day ended. So for me, H4 "reversed" yesterday and began a return swing up. Overnight, H8 joined in the swing up. However, H16 did not join but remained turned down, acting as a barrier to H4/H8 continuing up. So when H4 started down today, H8 joined it, and because H16 remained down, EVERY TF below H16 was also down. So, that H4 return up that on its own looked like a promising buy for many people, those "missing" H8/H16 charts held...
well im glad i stuck to my own method and did not consider a H4 swing up.
It helpped me take shorts all day long.
in wondering about yourself, you forgot what you came here to be part of
  • #789,212
  • Nov 9, 2023 1:11pm Nov 9, 2023 1:11pm
Looks like the bears are back , shorting with a stop above the recent high
Master your mind. Master Trading.
  • #789,213
  • Nov 9, 2023 1:22pm Nov 9, 2023 1:22pm
Quoting navk
{quote} This is my demo account and not funded account. My funded acc daily target profit was met much before so not traded. But the daily bearish stucture prompted me to take trade and result is good as expected {image}
so, the daily bearish candle confirmed.

what is next ?

a 30 min/60 min pull back is expected until 2250/60 for thr next drop to 2150 ? By frinday NY Close ?

probably yes.
Intraday only.
  • #789,214
  • Nov 9, 2023 1:24pm Nov 9, 2023 1:24pm
Quoting Pat Chiko
{quote} This is better , with many choices. Smoke one a day , you can see paradise.{image}
why do we need this?
  • #789,215
  • Nov 9, 2023 1:25pm Nov 9, 2023 1:25pm
Quoting navk
{quote} This is my demo account and not funded account. My funded acc daily target profit was met much before so not traded. But the daily bearish stucture prompted me to take trade and result is good as expected {image}
Are you not trading your own live money as well besides the funded account? If not, Are you planning on moving on to trading your personal funds? How much does the funded account reward you?
You cannot fail if you never give up.
  • #789,216
  • Nov 9, 2023 1:28pm Nov 9, 2023 1:28pm
Buy GU here at 1.2221
  • #789,217
  • Nov 9, 2023 1:28pm Nov 9, 2023 1:28pm
Quoting mwaqar309
{quote} Don't say that friend I'm buyer please send him up
a 4 hr pull back yesterday close to 2300 made me to think bulls will do.

But i mentined earlier, 4 hr has changed.

And it is not done yet.

Be prepared for next round of sell by NYO.

Until then a pull back close to 2250/60 is what i expect.

see the 4hr change yesterday and today in 15min chart
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 4hr 2.png Size: 13 KB
Intraday only.
  • #789,218
  • Nov 9, 2023 1:33pm Nov 9, 2023 1:33pm
Quoting navk
{quote} a 4 hr pull back yesterday close to 2300 made me to think bulls will do. But i mentined earlier, 4 hr has changed. And it is not done yet. Be prepared for next round of sell by NYO. Until then a pull back close to 2250/60 is what i expect. see the 4hr change yesterday and today in 15min chart {image} {image}
look like tetris
  • #789,219
  • Nov 9, 2023 1:34pm Nov 9, 2023 1:34pm
Quoting Wavegarrick
{quote} P Chiko {quote} No manipulation, no being clueless. As a swing trader just a normal day at the office. Trade progress. Cheers. {image}
Nice one
  • #789,220
  • Nov 9, 2023 1:37pm Nov 9, 2023 1:37pm
Quoting 7154Superman
{quote} Are you not trading your own live money as well besides the funded account? If not, Are you planning on moving on to trading your personal funds? How much does the funded account reward you?
My funded account rewards me 1 to 2 % daily.

This is enuff.

And yes, i do not trade with my funds. Stoped long ago.
Intraday only.
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