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Cable Update (GBPUSD)

  • #471,641
  • Dec 6, 2018 3:07am Dec 6, 2018 3:07am
Percentages can be diferent depending so i am keeping copy of past charts and percentages to refer to in future so its not a system to teach. I would say is more like a database pattern
POSTMASTER
  • #471,642
  • Dec 6, 2018 3:09am Dec 6, 2018 3:09am
Markets move in similar patterns but the key is to find the start and begining just like EW
POSTMASTER
  • #471,643
  • Dec 6, 2018 3:10am Dec 6, 2018 3:10am
Quoting akim0895
{quote} must learn to cut loss sometimes mate loss today not mean you’ll loss again tomorrow️
I agree. Most dificult that is. Once you sort of control losses you can maybe survive
POSTMASTER
  • #471,644
  • Dec 6, 2018 3:13am Dec 6, 2018 3:13am
I am with you on this mate. Interestingly, we should learn to cut losses everytime and almost immediately, and stay on the sidelines more often.

Trade safe and prosper.

KP

Quoting akim0895
{quote} must learn to cut loss sometimes mate loss today not mean you’ll loss again tomorrow️
Do your homework, follow the footprints of smart money
  • #471,645
  • Dec 6, 2018 3:15am Dec 6, 2018 3:15am
Well, I'm short, and I think we are going lower. I don't see any PA to indicated otherwise.
Look Sharp/Trade Tight
  • #471,646
  • Dec 6, 2018 3:16am Dec 6, 2018 3:16am
Quoting vmelnikov
{quote} Why did you pick exactly these percentage values?
Very good question. I believe GU is following NU. note circle and watch the spike up coming

Attached Image (click to enlarge)
Click to Enlarge Name: 2018-12-06 (2)_LI.jpg Size: 693 KB
POSTMASTER
  • #471,647
  • Dec 6, 2018 3:18am Dec 6, 2018 3:18am
Quoting PayTheLimit
Well, I'm short, and I think we are going lower. I don't see any PA to indicated otherwise.
So far, traders said no to the PP, so could be a nice short mate, good luck.
Fix up, trade sharp ...
  • #471,648
  • Dec 6, 2018 3:19am Dec 6, 2018 3:19am
my scenario for NU is a turn down around 7130 and GU will have to catch up
POSTMASTER
  • #471,649
  • Dec 6, 2018 3:20am Dec 6, 2018 3:20am
Quoting PayTheLimit
Well, I'm short, and I think we are going lower. I don't see any PA to indicated otherwise.
I don´t see what you see and you don´t see what i see. simple, no problem
POSTMASTER
  • #471,650
  • Dec 6, 2018 3:24am Dec 6, 2018 3:24am
Quoting Robinhood1
{quote} Very good question. I believe GU is following NU. note circle and watch the spike up coming {image}

I see about GU & NU correlation, but what stands behind these values (70%, 500%, 1600%, 2600%....)?
  • #471,651
  • Dec 6, 2018 3:25am Dec 6, 2018 3:25am
Quoting Hickson
{quote} So far, traders said no to the PP, so could be a nice short mate, good luck.
Its cagey at best, they will make their usual efforts to run me out, surely..
Look Sharp/Trade Tight
  • #471,652
  • Dec 6, 2018 3:25am Dec 6, 2018 3:25am
Quoting vmelnikov
{quote} Why did you pick exactly these percentage values?
Another important detail EU. same circle and a spike up trend coming

Attached Image (click to enlarge)
Click to Enlarge Name: 2018-12-06 (3)_LI.jpg Size: 805 KB
POSTMASTER
  • #471,653
  • Dec 6, 2018 3:26am Dec 6, 2018 3:26am
Quoting Robinhood1
{quote} I don´t see what you see and you don´t see what i see. simple, no problem
This is true.
Look Sharp/Trade Tight
  • #471,654
  • Dec 6, 2018 3:31am Dec 6, 2018 3:31am
Quoting PayTheLimit
{quote} Its cagey at best, they will make their usual efforts to run me out, surely..
Yeah, that is why I mostly try to trade with the move now ... not good at catching reversals, not to speak about catching tops and bottoms ... I leave the catching tops and bottoms game to the gurus ... catch you later man ...
Fix up, trade sharp ...
  • #471,655
  • Dec 6, 2018 3:31am Dec 6, 2018 3:31am
Quoting vmelnikov
{quote} I see about GU & NU correlation, but what stands behind these values (70%, 500%, 1600%, 2600%....)?
They diferent methods the 2600% charts and the ones i just posted 70%. The first one will swing to 2600% one way and the same % the other. to determine the start of the first swing i detect from a 5 min Tf a retracement between 122% and 130%. Time frame keeps going higher as the move also travels one way. the 70% retracements is just compareing pairs, in this case NU and EU which are ahead of us. I know its not easy to understand by writing it down. Its more dificult to teach than learn
POSTMASTER
  • #471,656
  • Dec 6, 2018 3:35am Dec 6, 2018 3:35am
Quoting Robinhood1
{quote} They diferent methods the 2600% charts and the ones i just posted 70%. The first one will swing to 2600% one way and the same % the other. to determine the start of the first swing i detect from a 5 min Tf a retracement between 122% and 130%. Time frame keeps going higher as the move also travels one way. the 70% retracements is just compareing pairs, in this case NU and EU which are ahead of us. I know its not easy to understand by writing it down. Its more dificult to teach than learn

Agree with you - "it's hard to understand by writing it down" ) But thanks for your replies, just trying to figure out how it works from your prospective)
  • #471,657
  • Dec 6, 2018 3:38am Dec 6, 2018 3:38am
more interesting if price can spike up to 2830
so i can risk some shorts again
still holding some long from 2660/2670️
just for a cup of coffee...
  • #471,658
  • Dec 6, 2018 3:39am Dec 6, 2018 3:39am
This is where i get 1.3579 from. Note swing down and now has to squeare like a pendulum. The only diference is that this time percentages down and up are not equal
-2325 and +1575

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Click to Enlarge Name: 2018-12-06 (4).png Size: 200 KB
POSTMASTER
  • #471,659
  • Dec 6, 2018 3:40am Dec 6, 2018 3:40am
Today cross 1.28 or not ?
Together we can be strongest
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  • #471,660
  • Dec 6, 2018 3:41am Dec 6, 2018 3:41am
Quoting akim0895
more interesting if price can spike up to 2830 so i can risk some shorts again still holding some long from 2660/2670️
great but watch spike. Nobody beleives me by now said so many times
POSTMASTER
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