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Cable Update (GBPUSD)

  • #808,101
  • Feb 7, 2024 10:57am Feb 7, 2024 10:57am
Quoting DrDave
{quote} Are you using the monthly to make your decisions for TP and SL or a smaller TF?
4 hour time-frame maybe 1 hour if it's moving quickly
  • #808,102
  • Edited 11:15am Feb 7, 2024 11:02am | Edited 11:15am
Quoting Godspromise
{quote} 4 hour time-frame maybe 1 hour if it's moving quickly
Then monthly TF is way too far away from where you are focusing. Daily is a better choice for your direction bias. It would be advantageous for you if you have a charting platform with H6 and H8 as well.

Check these images to get some perspective.

Here is the D1 TF with the lines I placed on the Weekly in a previous post.
The thin blue/white represents the Weekly. Look how the daily price bars run compared to that.
Attached Image (click to enlarge)
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And here is the H6 TF. The thin blue/white line represents the D1. The thick blue/white line represents D4.
Attached Image (click to enlarge)
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To free Gazans of Hamas, use whatever it takes.
  • #808,103
  • Feb 7, 2024 11:07am Feb 7, 2024 11:07am
Quoting DrDave
{quote} Then monthly TF is way too far away from where you are focusing. Daily is a better choice for your direction bias. It would be advantageous for you if you have a charting platform with H6 and H8 as well.
I use the 4 hour because I mostly at work and that is the most on mt5 mobile but i understand what you are saying ill incorporate it in my assessment i use monthly weekly and daily then 4 hour 1 for entry but il ltake 6 hour and 8 hour to get even Better assessment
  • #808,104
  • Feb 7, 2024 11:11am Feb 7, 2024 11:11am
Quoting Wavegarrick
{quote} In case you are in shit like me. I am hoping for a retrace to my future weekly pivot at 1.26708 ish (yellow highlight). I am in survival mode, Have a great week, Cheers. {image}
All bad trades cleared. First short trade in at 1.26262.
Cheers.
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Trade to trade another day
  • #808,105
  • Feb 7, 2024 11:18am Feb 7, 2024 11:18am
Quoting Wavegarrick
{quote} All bad trades cleared. First short trade in at 1.26262. Cheers. {image} {image}
So what is a "bad" trade??
To free Gazans of Hamas, use whatever it takes.
  • #808,106
  • Feb 7, 2024 11:21am Feb 7, 2024 11:21am
My gut smelling a minor bull run up before the close … trying a long for a 10 pips.. 5,10,15,30min too many wicks down
Extreme gut feeling trader
  • #808,107
  • Feb 7, 2024 11:26am Feb 7, 2024 11:26am
Quoting DrDave
{quote} So what is a "bad" trade??
I don't know Dave, because you have never shown me your bad trade or any trades for that matter
Cheers.
Trade to trade another day
  • #808,108
  • Feb 7, 2024 11:28am Feb 7, 2024 11:28am
Quoting Moty
Let's swing again mf Like we did last summer Now show me my first win for today {image}
It went up 5 times in a raw
The one time i entered long it broke down
Luckily i know my luck , so I closed it with less then a dollar profit , and let my short position to go to positive
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yes yes yes
  • #808,109
  • Feb 7, 2024 11:30am Feb 7, 2024 11:30am
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yes yes yes
  • #808,110
  • Feb 7, 2024 11:45am Feb 7, 2024 11:45am
Simple break and retest set up I'm going for. May have entered a bit early but we'll see.
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  • #808,111
  • Feb 7, 2024 12:08pm Feb 7, 2024 12:08pm
Quoting montygoldy
My gut smelling a minor bull run up before the close … trying a long for a 10 pips.. 5,10,15,30min too many wicks down
tp hit 10 pip happily taken first win on cable in two days...
Extreme gut feeling trader
  • #808,112
  • Feb 7, 2024 12:16pm Feb 7, 2024 12:16pm
Mf !!!!!!
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yes yes yes
  • #808,113
  • Feb 7, 2024 12:24pm Feb 7, 2024 12:24pm
Not sure if 126 resisted like 12640 has if it did then we have an area that could crack In the morning
Insane in the Brain..
  • #808,114
  • Feb 7, 2024 12:41pm Feb 7, 2024 12:41pm
Quoting Moty
Mf !!!!!! {image}
Come on!!!!!!
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yes yes yes
  • #808,115
  • Feb 7, 2024 12:45pm Feb 7, 2024 12:45pm
Quoting montygoldy
{quote} yesssss sir
Who are you with?
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #808,116
  • Feb 7, 2024 12:51pm Feb 7, 2024 12:51pm
Quoting mastersplint
{quote} Who are you with?
alot i guess 4-5 different ones....i usually post the account details i.e challenge/funded accounts in prop thread. Also GOnna buy 1 million worth of challenges this friday.....After the payout
Extreme gut feeling trader
  • #808,117
  • Feb 7, 2024 1:22pm Feb 7, 2024 1:22pm
Quoting montygoldy
{quote} alot i guess 4-5 different ones....i usually post the account details i.e challenge/funded accounts in prop thread. Also GOnna buy 1 million worth of challenges this friday.....After the payout
Good work!!!!!
what 4-5 different ones? lol.

I of course am a little anti prop firm. But I did take out from self funded to go after a funded challenge again to see how it goes.

Best of luck for the future challenges!
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #808,118
  • Feb 7, 2024 1:36pm Feb 7, 2024 1:36pm
im still short average 2581and will short more once price gets below todays london open

this is how i see the market on hourly chart

so step back lift your head out of the 5 min chart and maybe have an epiphany moment

only reason london got to pump up prices is cause there no usd news releases for 2 days..those english are sneaky
i cant show the whole chart cause i have text on the left margins i use to trade i dont want anyone to see
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short trump and go long the deepstate
  • #808,119
  • Feb 7, 2024 1:41pm Feb 7, 2024 1:41pm
Quoting mastersplint
{quote} Good work!!!!! what 4-5 different ones? lol. I of course am a little anti prop firm. But I did take out from self funded to go after a funded challenge again to see how it goes. Best of luck for the future challenges!
i’ll share a success story on friday.. just waiting for the payout…
Extreme gut feeling trader
  • #808,120
  • Feb 7, 2024 1:42pm Feb 7, 2024 1:42pm
Quoting montygoldy
{quote} i’ll share a success story on friday.. just waiting for the payout…

how much of a payout are you asking for?
short trump and go long the deepstate
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