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Cable Update (GBPUSD)

  • #801,401
  • Edited 5:16pm Jan 9, 2024 4:56pm | Edited 5:16pm
Quoting IamLa
{quote} Hey man, on a side note, not related, I really appreciate your shelved threat on trading. In fact, I only joined to say thank you. Back on topic, I had thyroid cancer and in trying to figure out why I was tired all the time we found out I had low T, as a result of a non-cancerous tumor on my pituitary gland in my brain, then we found that other cancer. Apparently, cause my brain is empty, there is a lot of space up there for tumors...LOL. Anyway, your Pituitary gland induces your man parts to make T and if it is not working all that great,...
Thanks pal

Have another thread called .... New Cable thread and other pairs .... plenty of PDFs there and books if your looking for any educational info

Praying your cancer clears up btw


https://www.forexfactory.com/thread/...ad-other-pairs
  • #801,402
  • Edited 5:33pm Jan 9, 2024 5:21pm | Edited 5:33pm
Quoting Zebi
short 2752 i cant wait anylonger cause got a sell signal on my system and dumbass is yapping starting out small and increasing size like an inverse pyramid will average if continues up
Quoting Zebi
i feel foolish saying this in a room full of smart guys but my simple as fuck system will issue a daily sell signal on top of the weekly sell signal from last week LOL if todays daily candle closes under that red line {image}

im short since friday... i dropped down to the hourly chart and u can see my upper red line which is the sell signal from todays daily chart in my requote ...who gives a fuck about 5 min sup/res levels when you can draw daily levels and have tha lines when you drop down in timeframe...see how that works ?

so ill be shorting everytime price gets to or above that upper daily sell line on the hourly chart and close some at my first tp level at the lower red line i see GU goin to 2500 but one step at a time

trading is simple if you dont complicate shit LOL

dumbass in my first quote was nubcake LOL
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short trump and go long the deepstate
  • #801,403
  • Jan 9, 2024 5:40pm Jan 9, 2024 5:40pm
Quoting T721
{quote} Thanks pal Have another thread called .... New Cable thread and other pairs .... plenty of PDFs there and books if your looking for any educational info Praying your cancer clears up btw https://www.forexfactory.com/thread/...ad-other-pairs
Thank you for the link, I will go thru it for sure. And about that thyroid thing, the good lord has graced me and so far so good...all my number are fine.. Thanks for the well wishes though. Keep doing that work here, you seem like one of the ones who is actually trying to give back and that in itself is a blessing.
  • #801,404
  • Jan 9, 2024 5:44pm Jan 9, 2024 5:44pm
Quoting BigNumbers
Asian Grub AUDJPY LONG {image}

This analysis was based on the H4 I just checked the Daily time frame and it says we are bearish!

so I have closed my long now short!


one reason why our analysis fail sometimes is because the higher time will always override the lower time frame. The H4 set up is for long is perfect but the daily is down. So the daily takes precedence. Trade note of this!
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My telegram: https://t.me/avidforex
  • #801,405
  • Jan 9, 2024 5:50pm Jan 9, 2024 5:50pm
Quoting IamLa
{quote} Thank you for the link, I will go thru it for sure. And about that thyroid thing, the good lord has graced me and so far so good...all my number are fine.. Thanks for the well wishes though. Keep doing that work here, you seem like one of the ones who is actually trying to give back and that in itself is a blessing.
If you have time at the weekend we can get on zoom, just send me DM
  • #801,406
  • Jan 9, 2024 5:52pm Jan 9, 2024 5:52pm
Quoting T721
{quote} I started off learning EW bout 30yrs back and it was like opening a can o bloody worms ... not worth the time, far easier ways to make a dollar imo
Good day Mr T, while i'm learning EW i agree with you. Majority of traders over-complicate their EW count by
#1 trying to catch every wave
#2 switching to not so popular timeframe, just so they can get comfort in their counts.
(which make it even difficult for me to understand)

Initially we assume a correction will be a simple correction ABC(wave 2, wave 4 and corrective ABC). Since no one knows whether the market will make a simple or complex correction, using the market structure, it allow us to see when EW is going for an irregular correction (it does not matter which irregular pattern).

Given the analysis in 4hr timeframe is the main timeframe to analysis a chart irrespective whether a trader is a scalper or long term trader, assisting the 4hr will allow a trader to enter the market on a low risk trade, and be on the right side majority of the time.

Therefore, A trader must always trade in favour of EW counts in 4hr timeframe, and use EW counts on lower timeframe like 1h or 30 mins to add position and/or partial TP and/or set SL into positive territory.

So using the multiple timeframe market structure analysis, personally i allow the market to do whatever it wants on 1hr timeframe(simple or complex wave to unfold) , and as long as price structure still in favour of the 4hr timeframe structure and wave count, i look forward to hold and add in favour of my 4hr level while keep in mind my 4hr final target TP level. It will just take more time for price to reach target under complex waves.

So far it is working pretty well and much easier to trade with EW, since we have an idea on which wave we are and what to expect next so we can plan for the next trade.

Being wrong is inevitable in this business as long as we are losing smaller amount than we are gaining, we will aways stay in business.
More time in the market, does not mean you trade better!
  • #801,407
  • Jan 9, 2024 5:56pm Jan 9, 2024 5:56pm
Quoting Fardeen1209
{quote} Good day Mr T, while i'm learning EW i agree with you. Majority of traders over-complicate their EW count by #1 trying to catch every wave #2 switching to not so popular timeframe, just so they can get comfort in their counts. (which make it even difficult for me to understand) Initially we assume a correction will be a simple correction ABC(wave 2, wave 4 and corrective ABC). Since no one knows whether the market will make a simple or complex correction, using the market structure, it allow us to see when EW is going for an irregular correction...
#1 trying to catch every wave

That is it in a nut shell really. Trying to catch every wave will only damage your account. I dont mind missing the 1st Impulse then i can trade the next impulse after the correction and it has a greater probability of working

It is a great tool if you are willing to put in the time to become proficient Probably took me 6yrs tbh
  • #801,408
  • Jan 9, 2024 5:59pm Jan 9, 2024 5:59pm
For GU price will pull back to 1.27300 then drop
My telegram: https://t.me/avidforex
  • #801,409
  • Jan 9, 2024 6:02pm Jan 9, 2024 6:02pm
Quoting T721
{quote} If you have time at the weekend we can get on zoom, just send me DM
By the way, I have been to Grace Land...LOL
  • #801,410
  • Jan 9, 2024 6:02pm Jan 9, 2024 6:02pm
Lets see what tomorrow brings, going to bed its 12pm in Edinburgh .... Hope you all make pips tomorrow
  • #801,411
  • Jan 9, 2024 6:13pm Jan 9, 2024 6:13pm
Quoting IamLa
{quote} By the way, I have been to Grace Land...LOL
always wanted to go, will get there one day
  • #801,412
  • Jan 9, 2024 6:15pm Jan 9, 2024 6:15pm
im watching napoleon....its a fuooking boring movie...no wonder it didnt win any golden globe awards LOL
short trump and go long the deepstate
  • #801,413
  • Jan 9, 2024 6:17pm Jan 9, 2024 6:17pm
Quoting Zebi
im watching napoleon....its a fuooking boring movie...no wonder it didnt win any golden globe awards LOL
LMFAO
  • #801,414
  • Jan 9, 2024 6:53pm Jan 9, 2024 6:53pm
add short 2717 tp open sl 2725
  • #801,415
  • Jan 9, 2024 7:20pm Jan 9, 2024 7:20pm
Quoting aa4fx
I felt too light in, just sold 2707
there was initially one and then another 4, … yeah, if not going big volume in one entry I could reach it by multiple trades … read it right, no longer into the mood, not really self sabotage or destructive … well, I got it, will call it sharks feeding!

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  • #801,416
  • Jan 9, 2024 7:28pm Jan 9, 2024 7:28pm
AUDJPY LONG
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My telegram: https://t.me/avidforex
  • #801,417
  • Jan 9, 2024 7:32pm Jan 9, 2024 7:32pm
Quoting aa4fx
{quote} there was initially one and then another 4, … yeah, if not going big volume in one entry I could reach it by multiple trades … read it right, no longer into the mood, not really self sabotage or destructive … well, I got it, will call it sharks feeding! {image}
traders take blind order usually because of too tired or too confidence..
stay away from chart ,,take some sleep and good food will help fresh ur mind
  • #801,418
  • Jan 9, 2024 7:37pm Jan 9, 2024 7:37pm
Quoting voeltoez
{quote} traders take blind order usually because of too tired or too confidence.. stay away from chart ,,take some sleep and good food will help fresh ur mind
thanks for the advice!
sometime I am thinking that better sell the business (get out), and buy an expensive lottery ticket … it may have the same result but less time consuming
  • #801,419
  • Jan 9, 2024 7:40pm Jan 9, 2024 7:40pm
Quoting GEfx
{quote} Hi PeterCaleb, congratulations! It looks like Twee is letting you back into FF. Let's pick up where we left off, just before your last "online persona" was deleted. It looks like you did some work on order flow while you were in FF jail. In your last FF life, you often posted material that you stole from someone on the internet and represented that material as your own. This fact was proven time and again, when you were unwilling to participate in follow up discussions on the stolen ideas and material. What are the chances that you can discuss...
who this peter person. im malay living in singapore. not person you say. forgive you for mistake. i said beginners need learn basics b4 trying to use equations. person with experience dont need pieces of equations explained. beginners can learn basics of what pieces mean when learn basics. maybe you beginner so need learn basics b4. dont know you so dont know. do as you please with equations. only try help. online nobodies not interest me. perosn with experiencce can see use of equations. maybe you thief who dont know but want info. do ur research to qualiffy you to use equations. O.
protein for breakfast !
  • #801,420
  • Jan 9, 2024 7:43pm Jan 9, 2024 7:43pm
Quoting aa4fx
{quote} there was initially one and then another 4, … yeah, if not going big volume in one entry I could reach it by multiple trades … read it right, no longer into the mood, not really self sabotage or destructive … well, I got it, will call it sharks feeding! {image}
you are not alone
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