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Cable Update (GBPUSD)

  • #512,621
  • Feb 26, 2020 7:38am Feb 26, 2020 7:38am
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yes yes yes
  • #512,622
  • Feb 26, 2020 7:53am Feb 26, 2020 7:53am
Quoting shahab8b
GBPUSD, AB=CD pattern {image} {image}
shahab8b, very nice...simple and effective...AB=CD is my bread and butter pattern too.
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Always trade your own plan...I don't provide trading signals.
  • #512,623
  • Feb 26, 2020 8:05am Feb 26, 2020 8:05am
Quoting Coreg2004
{quote} shahab8b, very nice...simple and effective...AB=CD is my bread and butter pattern too. {image} {image} {image}
Thanks for the nice comments. Actually, I am more of a S/R/TL kind of guy. I used them before without success then I gave up. Then I started using them again after I saw you trading them. I used them for my EURUSD long/short and USDCHF short/long trade this week as well. I posted them in my thread.
  • #512,624
  • Feb 26, 2020 8:20am Feb 26, 2020 8:20am
Quoting shahab8b
{quote} Thanks for the nice comments. Actually, I am more of a S/R/TL kind of guy. I used them before without success then I gave up. Then I started using them again after I saw you trading them. I used them for my EURUSD long/short and USDCHF short/long trade this week as well. I posted them in my thread.
shahab8b, I've seen your posts from other threads too, you hit every target. I posted a long time ago pdf file "Naked Trade", if you need more reading on AB=CD you will find there very useful/practical information. Good luck with your trading.
Always trade your own plan...I don't provide trading signals.
  • #512,625
  • Feb 26, 2020 8:26am Feb 26, 2020 8:26am
if you were thinking of dumping long positions, now would be a good time.
just my opinion

SELL 2931
in wondering about yourself, you forgot what you came here to be part of
  • #512,626
  • Edited 8:47am Feb 26, 2020 8:34am | Edited 8:47am
The spike is coming
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yes yes yes
  • #512,627
  • Feb 26, 2020 8:51am Feb 26, 2020 8:51am
Quoting Coreg2004
{quote} shahab8b, I've seen your posts from other threads too, you hit every target. I posted a long time ago pdf file "Naked Trade", if you need more reading on AB=CD you will find there very useful/practical information. Good luck with your trading.
Thanks I found your pdf file.
  • #512,628
  • Feb 26, 2020 8:55am Feb 26, 2020 8:55am
Quoting Moty
The spike is coming {image} {image}
what was that spike?? I had put a long at 29250 and a TP at 29480... that was extremly lucky and it hit my TP just.. but what happen? Any news?!? Cant find any?
  • #512,629
  • Feb 26, 2020 9:10am Feb 26, 2020 9:10am
Quoting Moty
The spike is coming {image} {image}
the spike already happened: you were in porfit 50+ pips on multiple lots and you let that become a loss.
why not take profits ?
in wondering about yourself, you forgot what you came here to be part of
  • #512,630
  • Feb 26, 2020 9:13am Feb 26, 2020 9:13am
Quoting knkie
if you were thinking of dumping long positions, now would be a good time. just my opinion SELL 2931
im taking another 15 pips here.
And im out for the day....

trade safe guys & gals
in wondering about yourself, you forgot what you came here to be part of
  • #512,631
  • Feb 26, 2020 9:19am Feb 26, 2020 9:19am
Quoting navk
{quote} well, I do not fake, yes. But today is not a good day. I have longs which I plan to close after retrace, with the loss
I'm a fundamental trader. I only take swings on the Monthly chart, if profit then tp otherwise hold and move to the next trade. And Navk was the reason I learned technical trading . I used to scalp all day using navK system but now I'm lazy to trade daily. I may do it again in the future for fun or to earn daily profit again i supposed to be a spectator here but those comments made me say what I said. Because I know few people on forex factory earning regular profit and navk among those bests. enjoy your day guys. gbpusd is not my cup of tea before gbp settled down ..
  • #512,632
  • Feb 26, 2020 9:19am Feb 26, 2020 9:19am
Quoting knkie
{quote} im taking another 15 pips here. And im out for the day.... trade safe guys & gals
Could go all the way down to 1.289 for today and then to 1.286 tomorrow....
Lost....
  • #512,633
  • Feb 26, 2020 10:01am Feb 26, 2020 10:01am
Quoting krst8
{quote} what was that spike?? I had put a long at 29250 and a TP at 29480... that was extremly lucky and it hit my TP just.. but what happen? Any news?!? Cant find any?

Price always retests the levels it breaks , assuming your trading the tiny little swings, look on the hourly price trended through the higher low @2950 , that is the reversal point then of course goes back to retest and carries on down, its basic price action theory.
Follow The Markets Structure - Patience and Discipline
  • #512,634
  • Feb 26, 2020 11:04am Feb 26, 2020 11:04am
Quoting pipfarm
{quote} Price always retests the levels it breaks , assuming your trading the tiny little swings, look on the hourly price trended through the higher low @2950 , that is the reversal point then of course goes back to retest and carries on down, its basic price action theory.
?!? i know what a retest is, but that is not an usual thing what happened....
  • #512,635
  • Feb 26, 2020 11:08am Feb 26, 2020 11:08am
more down coming i think
i will let m5 break and then enter on the reaction
in wondering about yourself, you forgot what you came here to be part of
  • #512,636
  • Feb 26, 2020 11:57am Feb 26, 2020 11:57am
I don't know waves at all I'm sorry ,I tell you what I think to break the low we could see a very aggressive move
I think in more possible targets and the gap I mentioned below is where I'm looking

Quoting msniper
{quote} for a midterm long term view what would u choose out of these 2 scenarios {image} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,637
  • Feb 26, 2020 11:59am Feb 26, 2020 11:59am
love the work you put into that ,perfect poster

Quoting msniper
{quote} for a midterm long term view what would u choose out of these 2 scenarios {image} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,638
  • Feb 26, 2020 12:02pm Feb 26, 2020 12:02pm
gbp jpy is down 200 pips

Quoting Bones
I think ill wait to see todays candle gbp jpy,but UJ is at a pivotal space {quote} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,639
  • Feb 26, 2020 12:06pm Feb 26, 2020 12:06pm
this structure for up is failing ,its the only reason it slowed up ,lots of orders round here
950 btw is the underside of last month + week open gap

Quoting Bones
it can make a third leg assuming its 3 drive up to major sell area ,only it takes 2 days guess its possible 3 drive=bearish pattern to major level and tl on weekly my preference is it's too tight for monthly and bad for my options if it did I would open new position {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,640
  • Feb 26, 2020 12:09pm Feb 26, 2020 12:09pm
daily now ,it won't recover today without doubt
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On-site guru & also FF member's' psychiatrist, when not drinking tea
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