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Cable Update (GBP/USD) without Idiots 23 replies

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Cable Update (GBPUSD)

my view
If we stay above S = long to R
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Quoting Waveskierrob
SHORT and LONG 1.3300 no tps no sls
Closed LONG 1.3303 +3 pippers ....+76 for the day, nighty night all
Soon To Be Temporarily Suspended Again
Quoting BeeTogether
{quote} agree with you, it’s major oversold and without a big drop it’s been a trickle the last 10 days. Almost feels as if the pair are exhausted in the drop. But the 131 area is so close
That's an interesting point indeed
The move down is not clean. Who trade from a while can perceiven the difference between a clean move and when something is boiling around.

This last step down let s say from 1.36 or so is that kind of unclean move imo. Thats why I'm looking to buy instead of sell.

A friend called it the F factor

Is something to put into when planning a trade
Yesterday was the past
Quoting Jolita
{quote} Someone is fighting the drop. I just dont wanna fall for the trap. Looking at zoomed out chart is a clear drop. But what if not, especially we are close to Dec 6th. I can be wrong. Georginson also predicted possible uptrend short term.
I had 13550 down as a possible top end but the uptrend we might see could be limited to the 134
In this setup, a move higher than 3360 is first step to move up.
If tge 3350/60 is conquered by bulls as support, then we might see a breake up and a base to move higher again into 1.34 area to 1.35 and so on.

Lot of work to be done....
Lot of reasons to come.

Atm, a move uo to 3360/3400 is possible technically speaking. Maybe even good place to look for shorts
Yesterday was the past
I found time to print 2 charts.

This is the scenario I meant in previous post:
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And this is another possible scenario:
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At this point, both are possible of course as always and as together with many others.
Let's put this way:
The scenario 1 needs reasons to happen. I mean, to move higher than 1.34 market IMO needs reasons while ATM scenario 2 is just slight continuation of recent past without need to breake important key levels (nearest is 3250 for what I see which is near but same time quite far). Market is crazy so let's see what's next.

I am still holding my long position but it's more a bet than a trade and my stop loss is really closed to a place where i would not be surprised to find market tomorrow morning.
Yesterday was the past
Btw...
Simple things are always best ones.
This comes from Light Today.
Market precisely respected some key leves and rules: supply / demand + pivots + gaps.
Blue dotted line is weekly pivot. Black is quarterly pivot.
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Same happened in cable today reaching weekly pivot and previous hourly high near 3355.

Trading is most of the times just that: searching for a simple scenario and trade it.
Yesterday was the past
Quoting Robinhood1
{quote} This means nothing. small drawdown 16.5%. 1079 pips now. Eventhough you do not display a TE i did not think you´d be rubbing in things, I kind a like you. Anyway, you are now on my holy ignore list untill you address to me with some credibility, a TE for example and that applies to the rest. I will post as general but will not come into contract unless the other side is provided with serious proof for trading. I got kind a sick of this nonse and i´ve been around since 2011. {image}
coming down to 590 pips. If you times an average of 275 pips (red circle) by number of lot 22 = 6050 pips profit reaching target to added at actual balance. Goverments tell figures the way suits them and this is what it will be. Input is not important but the outcome for good or bad is. Nice BS at the moment. smells good

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PHASE II running 666
Quoting _BBKing_
{quote} Guess it was during dukascopy webinars. I used to publish them Looookg time ago. Thank you for your words, appreciates. Did non expect to find someone who knew about what I did in the past I almost forgot about this part btw! Lol
Tell us more about your self, I will understand if u don't want to.
Interesting how others get into trading businesses. No one knows I am trading

I see a big year gap to return to FF?
Have you stopped trading, or was trading in private?

You mentioned you trade 4 instruments, which ones? I am aware of GU.

So sad to see Venice flooding. Such beautiful Venecia. Must be difficult to move places.
Quoting Robinhood1
{quote} coming down to 590 pips. If you times an average of 275 pips (red circle) by number of lot 22 = 6050 pips profit reaching target to added at actual balance. Goverments tell figures the way suits them and this is what it will be. Input is not important but the outcome for good or bad is. Nice BS at the moment. smells good {image}
Let me understand this TE thing.
You have about 10 trades on gbpnzd
Lets say you take profits 1.9400. The trade should be 113 pips sice the avg price is 9513. Or do they count 1130 so 113x10?!

A part of that, nice equity curve.
I still dont get the point in making it public. But that is my view.
Yesterday was the past
Quoting Jolita
{quote} Tell us more about your self, I will understand if u don't want to. Interesting how others get into trading businesses. No one knows I am trading I see a big year gap to return to FF? Have you stopped trading, or was trading in private? You mentioned you trade 4 instruments, which ones? I am aware of GU. So sad to see Venice flooding. Such beautiful Venecia. Must be difficult to move places.
Have to update my place is not venice but near it. Maybe there was not my city thats why i set venice.

I trade cable, usd cad, usd jpy, oil.
In the past i was trading many instruments but at a certain point I found myself profitable if focused only in few things. Even my charts are clean, just few lines. Better draw 1 line and trade the reaction on that line. The more things I put in, the more I get fooled.

And this is also the reason why i left Ff for long time and will certainly leave again. Reading posts I finally get fooled, since my brain no matter how i try, drinks everything on a subconscious level and i mistake.

I dont even read mainstream news and analysis. They are always late or opposote direction.

Trading requires me to be focused in one or two main factors. So i spend my time over my main job and read charts just 1 or 2 times x day. Sometimes i just dont even open the platform and check prices just to know whats going on and open the platform to move sl or tp accordingly.

Btw, I mostly decide my trade on large voews like daily or higher TF. Usually weekly chart is my preferred for best trades where i get the most.

Finally, FF helped me A LOT when learning to trade. Met giant people Ive been lucky and i miss them sometimes. But being on my own is the most profitable way.

Love to be here posting and meeting people but knowing it's just a small window in the whole.

Ah... I also stopped for a while trading after being hit hard. Took a stop of about 1year or so. But in that was also because many reasons. I mean... Losses came because not really fo used and interested.
Yesterday was the past
Quoting BigNumbers
{image}
Price gradually pulling back to our point of interest (POI) 1.33246 where the sell limit set at..

TP1: 1.32985
TP2: 1.32795
TP3: into the future
If it was easy... Everyone would do it!
If I had a choice i would choose not to be a TRADER... This shit is not a child's play at all..
Before and after..
Watch price pulling back to our POI....

Why must you use pending order as a trader ?
It shows your level of understanding and accuracy of the market...
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If it was easy... Everyone would do it!
[quote=_BBKing_;13805478]{quote}

I think location is picked up from your IP address.

Thanks for sharing your trading experience. Interesting....
Yes, full concentration is required, specially if your are full time trader. Can also get boring though. Sharing your trades could be beneficial to you as you rethink on your next step.
So many good traders sharing their trading views, one better then the other, they know what they are talking about. This helps me in make my own entry decision based on many posts.
Same as you, I also work, only some hours can dedicate to do a research, regular check price movement. Has been good. We are lucky.
Many green profits to you!
Quoting Jolita
Quoting _BBKing_
{quote} I think location is picked up from your IP address. Thanks for sharing your trading experience. Interesting.... Yes, full concentration is required, specially if your are full time trader. Can also get boring though. Sharing your trades could be beneficial to you as you rethink on your next step. So many good traders sharing their trading views, one better then the other, they know what they are talking about. This helps me in make my own entry decision based on many posts. Same as you, I also work, only some hours
...
i havent been posting too many setups lately just had my hands filled with many trades so need to concentrate. But if you trade GN should be heading to 191area.

Also gets a bit annoying in here with all the arguements, i need to focus and much of the chat is a distraction
Quoting Robinhood1
GD 13540
.
PHASE II running 666
Quoting bilal1947
At 11.12.2020 OB rejection, at ICT Breaker block, and todays asian stop hunt. {image}
I expect this, trade safe GU can get effected from the new variant cases in UK.
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The Ghost In The Machine
like i said
bullshit
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Quoting KiwiTrada
{quote} https://www.forexfactory.com/thread/...6#post13792126 au approaching low of 4hr channel BO , 7105 important level for bulls next stop is 7000 :-)
7105 being tapped as typing, rising chanel bo still in play, possible minor bounce scalp long from 7105 , personally holding out for 70cent :-)
https://www.forexfactory.com/thread/...6#post13792126
If you are new to Forex? Say Goodbye to your account!!
Quoting gatenio
Gold trades imo buy now 1784 Sl 1777 tp 1827
Gold, close 1/4 with 115 pips.
i left the rest run to 1835

sl on be.
Keep it simple, stupid.
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