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Cable Update (GBPUSD)

  • #803,481
  • Jan 17, 2024 1:29pm Jan 17, 2024 1:29pm
Quoting _BBKing_
{quote} I used in the past careful with oversold and overbought areas. the damn thing can stay there more and more and price keeps going on maybe divergences are better?
Last 3-4 long trades was secssefull
I just entered for the next one and it failed
This was 9 pips sl 13.5 pips profit trade
I only need to win 1 of 3 to get to be
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yes yes yes
  • #803,482
  • Jan 17, 2024 1:50pm Jan 17, 2024 1:50pm
Quoting _BBKing_
{quote} I used in the past careful with oversold and overbought areas. the damn thing can stay there more and more and price keeps going on maybe divergences are better?
careful with oversold and overbought areas. the damn thing can stay there more and more and price keeps going on

when a stochastic indicator goes into one of the extreme zones, that is when you move to a higher TF until you see that the stochastic is not in the extreme zone.
To free Gazans of Hamas, use whatever it takes.
  • #803,483
  • Jan 17, 2024 2:02pm Jan 17, 2024 2:02pm
Quoting DrDave
{quote} careful with oversold and overbought areas. the damn thing can stay there more and more and price keeps going on when a stochastic indicator goes into one of the extreme zones, that is when you move to a higher TF until you see that the stochastic is not in the extreme zone.
yes requires to check higher TF, you are right
I didn’t find it much reliable, or maybe I didn’t understand how to use it.
90% of traders use TA, indicators and prediction
  • #803,484
  • Jan 17, 2024 2:03pm Jan 17, 2024 2:03pm
Quoting Advice777
{quote} Looks like you are trying to ridicule my situation. Is okay. $861+ is sufficient to buy a laptop, a decent challenge account and a good mobile device. Sorry it is gone now. Most 52 years old my age have a life worthy of emulation. Lost a fortune to forex trading and scam artists in 2015. Job gone too. What I have as achievement is debt. One of the greatest lesson is never to copy any signal from this thread. It led to my quick downfall this year. Ever since I understand the importance of the dollar index, I take it as pinch of salt from...

I might be wrong, but I think you’re not telling the truth!
My telegram: https://t.me/avidforex
  • #803,485
  • Jan 17, 2024 2:13pm Jan 17, 2024 2:13pm
Quoting _BBKing_
{quote} yes requires to check higher TF, you are right I didn’t find it much reliable, or maybe I didn’t understand how to use it.
I could just trade Stochastic, one of top indicators I use.

Plus EMA's, Donchian and Fibs.

Ema's 20 & 50 crosses works well for oil 15min scalps. Try it.
  • #803,486
  • Jan 17, 2024 2:39pm Jan 17, 2024 2:39pm
Quoting Jolita
{quote} I could just trade Stochastic, one of top indicators I use. Plus EMA's, Donchian and Fibs. Ema's 20 & 50 crosses works well for oil 15min scalps. Try it.
well ok, I personally don’t use stochastic
i was just saying to Moty what difficulties I found with it in the past when I tried to use it

I really prefer Ema in fast timeframes, I use them since the beginnings, together with rsi.
but definitely, best is to read price levels and price action over them. Indicators will confirm or deny the action.
90% of traders use TA, indicators and prediction
  • #803,487
  • Jan 17, 2024 3:01pm Jan 17, 2024 3:01pm
i didnt get a buy signal on GU today on hier timecharts

on daily... price has to close above yesterday candles midpoint to give bools a last chance...for you tiktok watchers thats what ICT calls fvg LOL

lets see if that happens..i dont think so
short trump and go long the deepstate
  • #803,488
  • Jan 17, 2024 4:33pm Jan 17, 2024 4:33pm
Quoting Zebi
i didnt get a buy signal on GU today on hier timecharts on daily... price has to close above yesterday candles midpoint to give bools a last chance...for you tiktok watchers thats what ICT calls fvg LOL lets see if that happens..i dont think so

since price didnt close above it will revisit 2600 tmoro or friday
short trump and go long the deepstate
  • #803,489
  • Jan 17, 2024 6:49pm Jan 17, 2024 6:49pm
Trying a gold long
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Extreme gut feeling trader
  • #803,490
  • Jan 17, 2024 7:21pm Jan 17, 2024 7:21pm
Long bias lasting 2.4 months has ended for GU, today starts Short bias. Accumulate shorts when price gets expensive.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 63.7%
  • #803,491
  • Jan 17, 2024 7:32pm Jan 17, 2024 7:32pm
Quoting Pat Chiko
GU Welcome and I invite thorough assessment and insightful critique of my current GU setup. Consider all perspectives, particularly contrasting viewpoints, as open exchange fosters valuable knowledge expansion. Thanks in advance. Chart 1 - Daily{image} Chart 2 - H4{image} Chart 3 - Option A (short set up){image} Chart 4 - Option B (long set up){image}
GU

update.
(setup for sell model)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #803,492
  • Jan 17, 2024 7:57pm Jan 17, 2024 7:57pm
Quoting montygoldy
Trying a gold long {image}
to hit
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Extreme gut feeling trader
  • #803,493
  • Jan 17, 2024 8:38pm Jan 17, 2024 8:38pm
short 2692 sl 2720 tp 2673
just need to be last short
  • #803,494
  • Jan 17, 2024 9:29pm Jan 17, 2024 9:29pm
Gold daily candle showing potential for monster sells….
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Extreme gut feeling trader
  • #803,495
  • Edited Jan 18, 2024 11:27am Jan 17, 2024 9:52pm | Edited Jan 18, 2024 11:27am
Quoting 7154Superman
{quote} Bearish objective for EUR/USD has now possibly been achieved for this week since price seems to be set to bounce off the daily 200 SMA, which is also just above the 8 hr 200 SMA according to charts below. We may have seen the low for this week so far. From now on until Friday, I see a bullish correction, possibly up 50-80 pips to 1.09 - 1.093 area. On Friday, we could test or even break today's low. I am now building only long positions for the rest of today and tomorrow until the expected retrace has been achieved. All shorts...
OMG. It looks like that above prediction came from a crystal ball, since price immediately continued up after I posted it. It was just another gut instinct call. Look at the time it was posted compared to the price action at that time.
This call was motivated by observing how the bulls rallied 20 pips in 15 minutes and made a higher high immediately after price hit the lowest low at 1.0845. That's when I knew that I did not want to enter any more short positions for the day.
Right now, since EUR/USD 1.09 has been reached in this intra-day retrace, I am expecting some ups and downs between 1.088 and 1.093 for today (Thursday), then Friday might test yesterday's low at 1.0845, if not break that low.
This is just a "guesstimate". I could be wrong this time.
At this point, my plan is to simply scalp both longs and shorts from both sides of this range, prepared to hedge and average up/down.
Let the successful trades continue!
You cannot fail if you never give up.
  • #803,496
  • Jan 17, 2024 10:18pm Jan 17, 2024 10:18pm
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yes yes yes
  • #803,497
  • Jan 17, 2024 10:18pm Jan 17, 2024 10:18pm
According to my BTMM system, GU bulls have won...I'll look for a buy setups Only today....
Good Morning from Nigeria, West Africa .
Good luck!
  • #803,498
  • Jan 17, 2024 10:43pm Jan 17, 2024 10:43pm
Quoting 7154Superman
{quote} I played the long/short gamble again at GBP CPI news on GBP/USD, this time with a pair of $100 live accounts. I posted both long and short limit orders about 8 pips away from the price action within a minute before the news. It worked again. The long order took hold and gave me +14.3 pips (+2.2% ROI). I closed the trade as soon the spiking price action stopped and started to reverse. Just a matter of a few seconds. Currently, on EUR/USD, I have 2 long demo positions on drawdown , and 1 long and 1 short live...
I tried the long/short gamble again with the high impact news from AUD/USD about 4 hours ago. Unfortunately, this time was not successful.
The price spiked down so fast, that it dragged my order down more than 10 pips below the intended position, then immediately retraced back up. I had to take a 12 pip loss.
This was a live account. However, I still had some profit leftover on that account from what I made earlier today.
I traded 4 of my live accounts today with good profits. Also, 2 of my demo accounts are at the cusp of reaching the +100% ROI goal.
Basic all time results from best to worst are as follows:

#1 Live +36.50%
#4 Live +11.02%
#3 Live +9.46%
#5 Live +3.51% (after the AUD/USD gambling loss)
#2 Live -11.00% (Up from -20.61%)

#4 Demo +97.33% (Net Equity)
#1 Demo +96.92% (Net Equity)
#8 Demo +6.10% (Net Equity)

All live accounts are currently closed.
All demo accounts are in open positions and are calculated based on unrealized value. The #4 and #1 Demo accounts are in short positions with TP set for the +100% goal, then they will also be switched to $100 live accounts.

So far, so good. I don't have time to update trade explorer tonight. Gotta sleep. Good night!
You cannot fail if you never give up.
  • #803,499
  • Jan 17, 2024 11:11pm Jan 17, 2024 11:11pm
Quoting kenny4real
According to my BTMM system, GU bulls have won...I'll look for a buy setups Only today.... Good Morning from Nigeria, West Africa . Good luck!
bear still have power until 2720 break, we are on middle of war between bull and bear
  • #803,500
  • Jan 17, 2024 11:28pm Jan 17, 2024 11:28pm
Quoting kenny4real
According to my BTMM system, GU bulls have won...I'll look for a buy setups Only today.... Good Morning from Nigeria, West Africa . Good luck!
Cheers Budd
https://breakpullback.com
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