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Cable Update (GBPUSD)

  • #842,121
  • Edited 2:35pm Oct 16, 2024 2:10pm | Edited 2:35pm
Quoting Godspromise
more and more im becoming better trader more and more im deviating from the 90% of traders my entries are different most times we are on the opposite ends of the coin hmm i guess the is where the true test begins......

never go with the majority

the fewer likes you get and the fewer people that agree with you means your analysis is the correct one LOL

if today closes under that red line prolly means will go down into Friday and print 3 black crows on weekly ...but they at the highs so they have some value
Quoting Zebi
bulls only chance is to close above that line on daily so the head and shoulders crowd starts in and makes a bounce to 3200 which shud be shorted LOL a close under and good bye charlie to the bulls {image}

close to end of day so stupid to take on a trade right now...if closes under that red line in my quote just short asia and london bounces cause those sessions dont mean shit
short trump and go long the deepstate
  • #842,122
  • Oct 16, 2024 2:16pm Oct 16, 2024 2:16pm
Quoting Zebi
{quote} never go with the majority the fewer likes you get and the fewer people that agree with means your analysis is the correct one LOL if today closes under that red line prolly means will go down into Friday and print 3 black crows...but they at the highs so they have some value {quote} close to end of day so stupid to take on a trade right now...if closes under that red line in my quote just short asia and london bounces cause those sessions dont mean shit

that reminds me...the other day I read some post of a guy on FF who used the 11:59pm close for the new day which doesn't make sense....the candles are all screwed up

the close of a daily canle is NY 5pm eastern close...so any beginners change your platform time to reflect that LOL...i think MT4 and 5 brokers the biggest culprits that do that shit to people
short trump and go long the deepstate
  • #842,123
  • Oct 16, 2024 2:17pm Oct 16, 2024 2:17pm
No retrace, No retrace…..
Compulsions can be hard to resist
  • #842,124
  • Edited 2:59pm Oct 16, 2024 2:49pm | Edited 2:59pm
Layering some eurusd buys here and now and also shorting usdcad so far so good
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Master your mind. Master Trading.
  • #842,125
  • Oct 16, 2024 3:23pm Oct 16, 2024 3:23pm
Round number give value to price



price either trend above it or below
MY OPINION NOT FINANCIAL ADVISE
  • #842,126
  • Oct 16, 2024 3:26pm Oct 16, 2024 3:26pm
Quoting trumps
No retrace, No retrace…..
No Leon, No Leon...
  • #842,127
  • Oct 16, 2024 3:58pm Oct 16, 2024 3:58pm
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Yeap.......long in both as shown..............

  • #842,128
  • Oct 16, 2024 4:21pm Oct 16, 2024 4:21pm
Quoting Godspromise
more and more im becoming better trader more and more im deviating from the 90% of traders my entries are different most times we are on the opposite ends of the coin hmm i guess the is where the true test begins......
Godspromise, I think, you shouldn't worry, about who is with you and who is on the opposite side of your trade. Just stick to your strategy and you will be fine. I warn you to follow fake contrarian traders, especially, Meathead who knows $heet about TA. His trading decisions are driven by his psychosis. He is constantly 90-110 pips in the DD. Here is the evidence.
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Below is the chart of how the PA on this day unfolded. The chart was posted in my thread.
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Below 1h chart, Meathead's primary TF he makes his psychotic trading decisions. Check the candlesticks in the oval.
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Always trade your own plan...I don't provide trading signals.
  • #842,129
  • Edited 5:39pm Oct 16, 2024 4:45pm | Edited 5:39pm
Quoting Coreg2004
{quote} Godspromise, I think, you shouldn't worry, about who is with you and who is on the opposite side of your trade. Just stick to your strategy and you will be fine. I warn you to follow fake contrarian traders, especially, Meathead who knows $heet about TA. His trading decisions are driven by his psychosis. He is constantly 90-110 pips in the DD. Here is the evidence. {image} Below is the chart of how the PA on this day unfolded. The chart was posted in my thread.{image} Below 1h chart, Meathead's primary TF he makes his psychotic trading decisions....

nice that you started shit first corgi cause now I can fling it back LOL

I know you're a lying POS just like the guy you want to be president.... and I know you cant be honest and like starting fights with people who post their trades WHICH BY THE WAY you never post your trades but talk dishonest crap about others

yes I went long on oct 8th at 3:01 pm my time but you didn't post my exit 8 hours later

Quoting Zebi
{quote} went long 3100 will hold thru asian session
Quoting Zebi
{quote} going to sleep so close at 0885 for -15pips it will prolly go up now
I know you're a trumptard and a dishonest piece of crap who cant help yourself since you're one of those racist fascist guys who walks around in smelly soiled underwear


edit...that's a typo in my second quote ..meant 1. 30885
short trump and go long the deepstate
  • #842,130
  • Oct 16, 2024 5:15pm Oct 16, 2024 5:15pm
ill let you guys in on a secret...corgi has his own room that only a couple other guys visit so he's lonely over there and tries to stir the pot to get eyeballs to his room

if you've ever visited it you'll notice that he uses green and red shaded areas on his charts that keep changing form hour to hour

this is the kind of guy who has to be "right' even if it means he'll change his levels so in the end it looks like he was correct

and the other thing corgi tries to use a system that ralph elliot developed in the 30's and 40's only for the daily and weekly charts...there were no computers back then so they couldn't daytrade...the only ones that did "daytrade" were gamblers with bucketshops and the only one I know that succeeded trading intraday eas jesse livermore cause he had an eidetic memory...there might have been others but livermore was the only one who had a book written about him LOL

so corgi tries to trade a 15 min chart using ewave and an eraser on the charts when his count is wrong LOLLOLOL

so nobody shud pay attention to people using ewavre on 5 or 15 min charts like my fellow fascist American friend

the only one I've seen that has had success with ewave is pat chiko and he doesn't use it on anything less than an hourly chart....go to his profile and look thru his images and you'll notice he counts on a 4H and then zoomes in to a hourly chart with the 4H count already showing like in this post
Quoting Pat Chiko
SPX500 This is my guessing only. {image} Monthly Time Frame: Monthly time frame, a clear three-wave structure moving upward, with Wave 3 likely heading towards the 161.8% Fibonacci extension. It’s probable that this wave will reach that level before a significant pullback, potentially marking the beginning of Wave 4, which could then be followed by a continuation into Wave 5. {image} Daily Time Frame: The focus remains on the 161.8% Fibonacci extension. If price breaks above this level, we would immediately look to apply a Fibonacci retracement...

ewave wasn't meant to be traded on the 15 minute chart...i personally don't think it should be traded at all LOL....cause even ralph elliot never made money using it except to sell books and this guy named robert prechter "rediscovered" it in the 70's after it died and was forgotten...prechter didn't make any money trading ewave either cause he was and is a permabear the whole time the American stock indexes have been going up LOL

here's a brief history of ralphies life that shows he never made money trading ewave and died a relatively "poor" man so don't let corgi rope you beginners in on some stupid shit with the 15min chart since he's lonely in his wave thread nobody visits

https://thismatter.com/money/technic...-biography.htm
short trump and go long the deepstate
  • #842,131
  • Oct 16, 2024 5:37pm Oct 16, 2024 5:37pm
so in conclusion.... if youre an anal retentive mathematical engineering type like coreg that thinks the market can be reduced to an equation then by all means use ewave but on higher timeframes instead of 15min chart....there lots of reddit threads all crying about ewave not working on small timeframes LOL

if on the other hand you think price and the market is a reflection of human natures foibles and inconsistencies and fears and greed and stupidity than use something else like wyckoff, livermore, candles and even ICT...more people have made money using ICT bullcrap than anyone ever has with ewave especially on small timeframes
short trump and go long the deepstate
  • #842,132
  • Oct 16, 2024 5:58pm Oct 16, 2024 5:58pm
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SL s as shown................

  • #842,133
  • Oct 16, 2024 5:59pm Oct 16, 2024 5:59pm
Quoting Coreg2004
{quote} Godspromise, I think, you shouldn't worry, about who is with you and who is on the opposite side of your trade. Just stick to your strategy and you will be fine. I warn you to follow fake contrarian traders, especially, Meathead who knows $heet about TA. His trading decisions are driven by his psychosis. He is constantly 90-110 pips in the DD. Here is the evidence. {image} Below is the chart of how the PA on this day unfolded. The chart was posted in my thread.{image} Below 1h chart, Meathead's primary TF he makes his psychotic trading decisions....
i respect everyone brother i wont speak ill on any one but i understand what youre saying im following my own path thanks for the encouragement
  • #842,134
  • Oct 16, 2024 6:11pm Oct 16, 2024 6:11pm
Quoting Luxyus
{quote} Next one is when u stop comparing your view with the others one and just focus completely to focus the more close u can at 100% on your constant profitability to enhance your life. there will be always someoneagainst you or with you in the market at every price, in every asset.
I dont necessarily focus on other's views but there is a tool cot data and other forms of data that is used to give a confluence for trades i use that to give an extra confirmation. Trading is literally you against other traders and Large institutions to say that not focus on other trades is quite contrary to what it takes to be a good trader.
  • #842,135
  • Oct 16, 2024 6:29pm Oct 16, 2024 6:29pm
Looks like another clear day with hopefully little traffic. Next target 2950
Emotional Control. Process, not outcome.
  • #842,136
  • Oct 16, 2024 7:48pm Oct 16, 2024 7:48pm
Quoting Luxyus
{quote} Next one is when u stop comparing your view with the others one and just focus completely to focus the more close u can at 100% on your constant profitability to enhance your life. there will be always someoneagainst you or with you in the market at every price, in every asset.
Golden words.
You become unstoppable when you stopped givin a f about anything.
Life begins when you trying to become better than you were yesterday but not trying to becoming better than person A or person B.
More time in the market, does not mean you trade better!
  • #842,137
  • Oct 16, 2024 7:50pm Oct 16, 2024 7:50pm
Quoting Konichiwhaat
Looks like another clear day with hopefully little traffic. Next target 2950
But suckers thought they are in a supermarket.
Anything at discount price, they buy.
More time in the market, does not mean you trade better!
  • #842,138
  • Oct 16, 2024 7:53pm Oct 16, 2024 7:53pm
Quoting vinta.reddy
Strong Bearish continuation channel in daily, 4 Hr and 1Hr time frames. DXY showing two strong candles above 102.500 and today above resistance of 103.300. target for DXY is well set towards 104 levels. possible a correction towards DXY (to 102.500) and GBPUSD to 1.30900. For a re-entry sell. I am bearish all the way to 1.30250 and then to 1.28700. {image}
Happy with my trade this week. Price has moved very fast and need to cautious now.

My plan is to sit aside and wait to see if bears are willing to defend a strong pull back to 1.30250 levels. If they are able to make 1.30250 a strong resistance i will enter. For EURGBP I am looking at buy the rumor and sell the news for todays EUR interest rate decision. To me USD is moved a lot in last 2 weeks and needs to show a good retracement to confirm continuation of bearish trend. I cant be a Bull with existing state.
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  • #842,139
  • Oct 16, 2024 8:10pm Oct 16, 2024 8:10pm
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yes yes yes
  • #842,140
  • Oct 16, 2024 8:11pm Oct 16, 2024 8:11pm
Quoting Fardeen1209
{quote} But suckers thought they are in a supermarket. Anything at discount price, they buy.
been saying its a bears market anytime there is a extreme by retailers to either side bet against it
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