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Cable Update (GBPUSD)

  • #802,441
  • Jan 13, 2024 3:34am Jan 13, 2024 3:34am
Quoting Georginson
{quote} It's absolute market freeze. Super tight range but will later come with sudden price explosion. Their plan is to trap unsuspecting traders after being disposed to this tight range then sudden price breakout.
Hi Georginson,

It's for this reason that I stick with Tight Stops and a Small Target

I just look @ Trading the Smaller Time Frame Swings
  • #802,442
  • Jan 13, 2024 4:12am Jan 13, 2024 4:12am
Quoting Wavegarrick
{quote} Birdland, A few years ago in 2020 when Sang Real was caught out with additional user names and his membership revoked. Waveskierob immediately appeared on the scene a day after. Two weeks before that Sang Real was asking me questions about my personal interests which I stupidly gave to him, surfing, rugby, fishing, family life and so forth. Jaybag and some traders were onto Sang Real at the same time with his similar posts and trading style as Pat Chiko and also because he would type in broken English and the next moment go into perfect...
wavegarrick,
the similarity of the name of course refers to the first 4 letters "wave"...and from the mass of traders in the cable thread you often read about it quickly.

your content is of course different.

waveskierrob and pat chiko are definitely friends, but different people, i have no doubt about that. i don't really have a problem with either of them, except for the poitical dispute, but i don't really care.

I've learnt a lot from both of them (pat&wave), as well as from you wavegarrick;-)
trading is like dancing, don't think and just listen to the music!
  • #802,443
  • Jan 13, 2024 4:24am Jan 13, 2024 4:24am
Quoting T721
{quote} DM you pal
Good that you had to tell the whole world, just to make sure everyone knows you are buddy buddy. Can't just do it privately without the fanfare. Have to advertise it to the world, just like when you shout on every single fucking newbies profile. Always obtusely sucking-up to every sucker. It's like shitty forum SEO.
Congratulations ScalaFX for coming out of the closet!
  • #802,444
  • Jan 13, 2024 5:19am Jan 13, 2024 5:19am
Quoting iusman23
{quote} Smart Money Concept {quote} smart money concept
sorry I don’t know.
maybe I do that without knowing it.

anyway there should be a thread in the forum I guess.

there is one for everything
90% of traders use TA, indicators and prediction
  • #802,445
  • Jan 13, 2024 5:23am Jan 13, 2024 5:23am
Quoting stevepatt
{quote} Hi BBKing, Personally I only look @ the M15 and 1 Min Time Frame The M15 gives me my Daily Frame Work and the 1 Min my Price Action to Enter @ M15 Levels of Interest https://www.forexfactory.com/thread/...5#post14716875 I was only around to take the Short Trade late in the Day Yesterday https://www.forexfactory.com/thread/...5#post14717815 {image} {image}
very good setup
And yes, intraday the m15 is great.

I also in the past did not use indicators. I lately found they give me a faster view of what is happening around.
maybe soon will screw them up again
90% of traders use TA, indicators and prediction
  • #802,446
  • Jan 13, 2024 8:52am Jan 13, 2024 8:52am
Quoting stevepatt
{quote} Hi BBKing, Personally I only look @ the M15 and 1 Min Time Frame The M15 gives me my Daily Frame Work and the 1 Min my Price Action to Enter @ M15 Levels of Interest https://www.forexfactory.com/thread/...5#post14716875 I was only around to take the Short Trade late in the Day Yesterday https://www.forexfactory.com/thread/...5#post14717815 {image} {image}
More about indicators.

Quoting your post again since what follows is correlated.

As you can see in my example, my trade definition begins from reading where price creates possible structures for trend changes / continuations.
I am using indicators in the 1m chart (they are also in higher timeframes but I simply don’t give them much weight- also in my jforex desktop I can hide/show them from charts with a button click), helps me to avoid a very dangerous thing: I had to find a way to avoid buying just to see price reversing down (or the opposite) I simply cannot afford drawdown. I have a problem with it! I mean, I hate to bring the lowest bid price pip on a sell to see action coming up say for 10pips. Hurts my nerves. I mean, happens of course. But one thing is a bit of space between entry and stop loss, another is impulsively entry the trade in wrong timing. I just need to see price being in my favour immediately or at worst case in a very tight range, else it’s a wrong trade and a loss.

so this mine, is a way to solve my problem indeed. I had to avoid the FOMO thing and the impulsive trading, causing me stupid and costly losses.
over the years I had to challenge with these two giant monsters in my mind, and had to move a step back in my learnings and implementing indicators.

So coming to the point, it’s absolutely required to know how to read price action, breakouts, confirmations, engulfing, and so on, but then I had to find a further filtering of my decision making. When I respect this whole, I am profitable. When I don’t, I at best end in small profits or lose back previous profits.

I'm sure 100% there is someone else out there challenging this same matter, so hopefully will find here in these our posts a true definition of a solution

You are doing a great work btw, I will certainly check more your posts
90% of traders use TA, indicators and prediction
  • #802,447
  • Jan 13, 2024 9:06am Jan 13, 2024 9:06am
the fact it respects the weekly TL should be noted, but I see huge problems above, price is trapped between a bullish monthly and high res, with 2 potential major lines
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #802,448
  • Jan 13, 2024 9:24am Jan 13, 2024 9:24am
Quoting billGU
{quote} follow his guidance for the remainder of the month and you too can be margin called!
Why are you so bitter?
  • #802,449
  • Jan 13, 2024 9:29am Jan 13, 2024 9:29am
eyes on the big money..

picture big and stay calm
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MY OPINION NOT FINANCIAL ADVISE
  • #802,450
  • Jan 13, 2024 9:33am Jan 13, 2024 9:33am
Quoting donfriday
eyes on the big money.. picture big and stay calm {image}
It's hard to take you seriously though.

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  • #802,451
  • Jan 13, 2024 9:36am Jan 13, 2024 9:36am
Quoting nubcake
{quote} Good that you had to tell the whole world, just to make sure everyone knows you are buddy buddy. Can't just do it privately without the fanfare. Have to advertise it to the world, just like when you shout on every single fucking newbies profile. Always obtusely sucking-up to every sucker. It's like shitty forum SEO.
Was nothing to do with advertising you TIT, i DmMed him and he didnt see the DM and i seen him reading posts in this thread so reminded him. And was nothing to do with SMC or fuckall to do with you, it was about our zoom session time Sheeeesh, what a noseycunt you are. Go build a bot or something


Off for a coffee date
  • #802,452
  • Jan 13, 2024 9:38am Jan 13, 2024 9:38am
Quoting ProfPlumx
{quote} It's hard to take you seriously though. {image} {image}

take me serious at your own risk
MY OPINION NOT FINANCIAL ADVISE
  • #802,453
  • Jan 13, 2024 9:40am Jan 13, 2024 9:40am
Quoting donfriday
{quote} take me serious at your risk
Someone help me with his English, thanks.
  • #802,454
  • Jan 13, 2024 9:51am Jan 13, 2024 9:51am
Quoting ProfPlumx
{quote} Someone help me with his English, thanks.
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MY OPINION NOT FINANCIAL ADVISE
  • #802,455
  • Edited 10:07am Jan 13, 2024 9:57am | Edited 10:07am
Quoting donfriday
{quote} {image}
You're a "hedge fund manager" who is asking for signals.

I think we all know what you have up your sleeves.

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  • #802,456
  • Jan 13, 2024 10:12am Jan 13, 2024 10:12am
Quoting _BBKing_
{quote} More about indicators. Quoting your post again since what follows is correlated. As you can see in my example, my trade definition begins from reading where price creates possible structures for trend changes / continuations. I am using indicators in the 1m chart (they are also in higher timeframes but I simply don’t give them much weight- also in my jforex desktop I can hide/show them from charts with a button click), helps me to avoid a very dangerous thing: I had to find a way to avoid buying just to see price reversing down (or the opposite)...

Hi BB,

I think you need to work on your physcology. There is a very good book by Tom Hougaard Best Loser Wins

https://tradertom.com/wp-content/upl...SER-WINS-1.pdf

As your Confidence in your abillity to Read Pure Price Action Increases your Reliance on Indiucators will Decrease
  • #802,457
  • Jan 13, 2024 10:16am Jan 13, 2024 10:16am
Quoting T721
{quote} Was nothing to do with advertising you TIT, i DmMed him and he didnt see the DM and i seen him reading posts in this thread so reminded him. And was nothing to do with SMC or fuckall to do with you, it was about our zoom session time Sheeeesh, what a noseycunt you are. Go build a bot or something Off for a coffee date
Fascinating.
Congratulations ScalaFX for coming out of the closet!
  • #802,458
  • Jan 13, 2024 10:19am Jan 13, 2024 10:19am
Quoting donfriday
eyes on the big money.. picture big and stay calm {image}
thats exacly what I have in mind and shared today, good work
People don't plan to lose. They lose because they don't plan.
  • #802,459
  • Jan 13, 2024 10:20am Jan 13, 2024 10:20am
Quoting ProfPlumx
{quote} You're a "hedge fund manager" who is asking for signals. I think we all know what you have up your sleeves. {image} {image}

prof... maybe instead of laughing at people after just 20 posts you dazzle us with your analysis and charts
short trump and go long the deepstate
  • #802,460
  • Jan 13, 2024 10:22am Jan 13, 2024 10:22am
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Any SMC trader here can confirm if this is correct?
This is the Gold chart from last Friday and a month ago.
I'm practising SMC. A feedback to these charts will be helpful.
Secret to the Price Action is Liquidity.
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