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Cable Update (GBPUSD)

  • #457,081
  • Dec 15, 2017 8:09am Dec 15, 2017 8:09am
Quoting asgcorp
3250 is possible today/Monday. DXY gap filled and will get bid into US open. So that's why I advise caution. Load up (longs) lower fellas. PS: don't try to be a hero and catch a falling knife. When GU dumps it dumps big time.
1.330 target today
just for a cup of coffee...
  • #457,082
  • Dec 15, 2017 12:42pm Dec 15, 2017 12:42pm
Quoting asgcorp
nothing to see here. big dump as expected. Floor not set yet. Not trading this today. Have a nice weekend fellas!
its 1.330, and i was holding the longs till now.
  • #457,083
  • Dec 15, 2017 1:00pm Dec 15, 2017 1:00pm
Quoting asgcorp
nothing to see here. big dump as expected. Floor not set yet. Not trading this today. Have a nice weekend fellas!
On a 140 pips drop day?
Let it turn and find your entry.
  • #457,084
  • Dec 15, 2017 1:09pm Dec 15, 2017 1:09pm
Quoting Intrepidpips
{quote} On a 140 pips drop day?
I prefer to trade this on the buy side, I didn't see the setup to go short.

Technically on daily nothing changes, still within bullish flag on daily. Re-test of 3260-80 area is bullish early next week, so for me strat is buying dips near lower boundry of that flag (with a tight stop - I don't use ridic stops - 100 pip wide stops, etc).

Unless 3260 crack with a tall H4 tower candle it's still in bull mode and we should see a re-test of 3600 soon.

PS: It was a big dump today, it's true, that's why I gave an advance warning - cause DXY was filling the gap - not a good time to buy dips. )))
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  • #457,085
  • Dec 15, 2017 9:53pm Dec 15, 2017 9:53pm
Quoting honesttrader
{quote} its 1.330, and i was holding the longs till now.
ohhh...
best of luck mate
i take some green pips for weekend
wait for monday to load long
just for a cup of coffee...
  • #457,086
  • Dec 16, 2017 3:01am Dec 16, 2017 3:01am
A textbook ending for a textbook day.
Ubi maior minor cessat
  • #457,087
  • Edited 5:03am Dec 16, 2017 4:30am | Edited 5:03am

  1. asgcorp
  2. Joined Feb 2014 [quote=asgcorp;10596224]{quote}


Over a 24 hour period this is how this guy traded - and really i hope that any newbies around here look and learn that there are good traders and traders who change their minds and to confuse you they start trying to talk the talk.

YESTERDAY
dips near 3400 and 3375 SL 25 TP - yeah realistic TP for today 50 points max. (DIDNT MAKE IT)

DXY gap filled = buyers stepping in. (BUYERS WHERE? LOL )

nothing to see here. big dump as expected. (PRICE IS MOVING ALREADY SOUTH) lol

I prefer to trade this on the buy side (YOU DO) ?

don't try to be a hero and catch a falling knife (BUT YOUR BUYING RIGHT)?

I didn't see the setup to go short. (NO your still buying right) - but you said big dump as expected already?

PS: It was a big dump today, it's true, that's why I gave an advance warning (BEST LINE I EVER HEARD said at the end of the day of course]

- Not trading this today. Have a nice weekend fellas!

PRICE DROPPED 140 pips give or take during the day.

.. if i get called out as if i dont know what i am trading or how then too right i will and do return the comment.

  • #457,088
  • Dec 16, 2017 5:06am Dec 16, 2017 5:06am
Quoting asgcorp
3250 is possible today/Monday. DXY gap filled and will get bid into US open. So that's why I advise caution. Load up (longs) lower fellas. PS: don't try to be a hero and catch a falling knife. When GU dumps it dumps big time.
Yep, I remember you saying you didn't see a good R/R trade to go short even though you thought 3250 was "possible". You mentioned numerous times, your overall bias is long looking for 1.36, so you preferred to wait for a dip if it occurs to load up long off the support buy zone around 3250/60 or so.

Clearly you feel bullish movement off the above mentioned buy zone is "Probable" due to your overall bullish bias right? Hence waiting to see if THAT opportunity presents itself, rather than going short on a Friday with a "possible" scenario?

Makes perfect sense to anyone paying attention.
After all, Forex is a game of "Probabilities"
Come with me if you want to live....
  • #457,089
  • Edited 5:31am Dec 16, 2017 5:17am | Edited 5:31am
dean1star what's your point? I always post my entries live, I didn't have any entries active (meaning I entered the market). Yeah, I was looking to buy the dips initially on Friday, but then I posted a warning on DXY gap fill and warned traders not to buy this dip.

You are trying to call me out for posting BS, let's see who's full of it then next week, ok?

Post your live trade setup for next week + SL and TP levels, but please don't post setups with ridic stops (100 point wide stops).

Start by posting your own entries but with an exact SL and TP levels and don't post BS stops (100 point wide stops.)
  • #457,090
  • Dec 16, 2017 5:22am Dec 16, 2017 5:22am
I always post my live/active setups in my thread, like I did here with GBPCHF last Sunday into Tuesday last week.
I didn't actually get execution cause I lowered entry by 5 points and market moved too fast on this move.

Point is: I do post live entries and setups ahead in advance and they have high accuracy with a very low risk.

Let's see your setups for this week.
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  • #457,091
  • Dec 16, 2017 7:00am Dec 16, 2017 7:00am
thought I'll post something useful in this thread - not another useless chart with 15 moving averages and a bunch of arrows in there.

GU H4 repeating pattern - W
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  • #457,092
  • Dec 16, 2017 7:01am Dec 16, 2017 7:01am
gbp usd weekly - w pattern.
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  • #457,093
  • Dec 16, 2017 7:04am Dec 16, 2017 7:04am
and just for the reference - last pattern I posted in EURUSD.
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  • #457,094
  • Dec 16, 2017 7:24am Dec 16, 2017 7:24am
Quoting asgcorp
gbp usd weekly - w pattern. {image}
I fully agree with Dean1star.
You're full of it, and give bad, dangerous advice.

Where did you see W pattern ????

And here's my forecast.... Let's see what happens first...
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Beware of robber banks (RB), bad advisors.
  • #457,095
  • Dec 16, 2017 7:28am Dec 16, 2017 7:28am
Quoting Not-KPMG
{quote} I fully agree with Dean1star. You're full of it, and give bad, dangerous advice. Where did you see W pattern ???? And here's my forecast.... Let's see what happens first... {image}
lol. ok. Feel free to join the challenge for next week. Let's see what you got, post your trade setup buddy.
  • #457,096
  • Dec 16, 2017 7:31am Dec 16, 2017 7:31am
Not-KPMG. A quick look @ your feed - kinda gives an idea of the quality of your content. How old are you? 16-18?
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  • #457,097
  • Dec 16, 2017 8:52am Dec 16, 2017 8:52am
On Thursday night in post #457,046 I attached the support and resistance levels of the Volatility Response Model (VRM) for Friday. Here are Friday's results. Weekly levels in the top 1 hour chart, daily levels in the bottom 30 minute chart. Times are GMT-4 . EMA channel (4,7) included.

Weekly VRM level 1.3439 again featured heavily Friday as the day's high. The market then fell to VRM daily level 1.3313. There were some large gaps between VRM levels yesterday.

Did anyone find a resistance level about 1.3439 yesterday using other technical analysis techniques?

Predictions for Sunday night and Monday will be ready by Sunday noon.
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  • #457,098
  • Dec 16, 2017 10:39am Dec 16, 2017 10:39am
Looking for a small bounce but we have lots of downside ground to cover. Should look to short when possible
A 1 pip gain is better than a 1 pip loss.
  • #457,099
  • Dec 16, 2017 12:36pm Dec 16, 2017 12:36pm
The pair has been difficult to trace lately.
  • #457,100
  • Dec 16, 2017 2:03pm Dec 16, 2017 2:03pm
Quoting gka
On Thursday night in post #457,046 I attached the support and resistance levels of the Volatility Response Model (VRM) for Friday. Here are Friday's results. Weekly levels in the top 1 hour chart, daily levels in the bottom 30 minute chart. Times are GMT-4 . EMA channel (4,7) included. Weekly VRM level 1.3439 again featured heavily Friday as the day's high. The market then fell to VRM daily level 1.3313. There were some large gaps between VRM levels yesterday. Did anyone find a resistance level about 1.3439 yesterday using other technical analysis...
found 3458 resistance using fibs in post 457013
Come with me if you want to live....
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