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Cable Update (GBPUSD)

  • #541,601
  • Aug 8, 2020 5:30am Aug 8, 2020 5:30am
Quoting navk
{quote} you can not expect more.. I line with my system, daily and 4 hr changed to short side. Longer term perspective may be buy. But to look for more when daily and 4hr is red... baffling me. I will not buy until and unless 4 hr and daily changes again. currently 4hr and daily is red... and who knows... slowly weekly and monthly too can change red ? So, in my perspective, until 4 hr to monthly is long... not to buy. In smaller tf... 15 min chart.. 4 hr should agree with other smaller time frame. Until then no buy. So, sorry for you to look more...
ha ha..
buddy..
if you really influenced by my posting so i'm very sorry about that..
but i never said to follow me or posting my charts with big arrow and a must to follow me..
if really you influenced by my post just from popcorn icon so it must be happen since 2255 not at 3130/40..
try to re-think back there first..
i'm trading with stop loss as you know budd..
early some losess..but NFP and after i made it back with some green pips..
some daily scalping there..
my long term still holding in play there..
can scroll there at my threads..
nice weekends..
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just for a cup of coffee...
  • #541,602
  • Aug 8, 2020 5:34am Aug 8, 2020 5:34am
Quoting akim0895
{quote} ha ha.. buddy.. if you really influenced by my posting so i'm very sorry about that.. but i never said to follow me or posting my charts with big arrow and a must to follow me.. if really you influenced by my post just from popcorn icon so it must be happen since 2255 not at 3130/40.. try to re-think back there first.. i'm trading with stop loss as you know budd.. early some losess..but NFP and after i made it back with some green pips.. can scroll...
true, my point is not 2225. we never discussed that.
We discussed what could happen at 3150/3100.

The more ..finally not correct as per your analysis.

My view was reversal point around 3150,
and not at 2225.



It was just that i took your post granted. which I should not. And never also.
Intraday only.
  • #541,603
  • Aug 8, 2020 5:36am Aug 8, 2020 5:36am
Quoting navk
{quote} true, definitely not at 3140/or 3100. correct, It is reversal point there. That is my view too as per my analysis. It was just that i took your post granted. which I should not. And never also.
as i remember you already short it..
but suddenly change it..
i only sticks to my view there..
just for a cup of coffee...
  • #541,604
  • Aug 8, 2020 5:39am Aug 8, 2020 5:39am
Quoting akim0895
{quote} as i remember you already short it.. but suddenly change it.. i only sticks to my view there..
yes, i shorted when Frankfurt opened, but as said i was influnced by your post.

Anyways, what is important is...your chart..you want more at 3100.

My chart says, short it.
Intraday only.
  • #541,605
  • Aug 8, 2020 5:43am Aug 8, 2020 5:43am
Quoting navk
{quote} yes, i shorted when Frankfurt opened, but as said i was influnced by your post. Anyways, what is important is...your chart..you want more at 3100. My chart says, short it.
as i said there too..
lot of different system/methods out there..
so will come with different view and opinion..
important we as a traders is to stay/sticks to our view..
unless we are using paid signal provider..
just for a cup of coffee...
  • #541,606
  • Aug 8, 2020 5:48am Aug 8, 2020 5:48am
Quoting navk
{quote} true, my point is not 2225. we never discussed that. We discussed what could happen at 3150/3100. The more ..finally not correct as per your analysis. My view was reversal point around 3150, and not at 2225. It was just that i took your post granted. which I should not. And never also.
ha ha..
3130/40 or 3100..
i took long and stop out..
can watch my post at my threads..
never hide my loses..
my view still the same after a drop there..
that why i scalps some long during NFP and after..
but with my setup in place and stop loss too..
just for a cup of coffee...
  • #541,607
  • Aug 8, 2020 5:48am Aug 8, 2020 5:48am
Quoting BWilliam
{quote} Whoever open long trades or hold long open position lose money on Friday.
not me..
just for a cup of coffee...
  • #541,608
  • Aug 8, 2020 5:49am Aug 8, 2020 5:49am
Quoting BWilliam
{quote} Whoever open long trades or hold long open position lose money.
exactly.

It is reversal day in daily.

However not in weekly or mothly.

Still weekly and monthly candle bullish.

Anyways, most of do not hold positions for more than 50 pips loss.

Exception, swing traders.
Intraday only.
  • #541,609
  • Aug 8, 2020 5:52am Aug 8, 2020 5:52am
Quoting akim0895
{quote} ha ha.. 3130/40 or 3100.. i took long and stop out.. can watch my post at my threads.. never hide my loses.. my view still the same after a drop there.. that why i scalps some long during NFP and after.. but with my setup in place and stop loss too..
stop losses setting in my view is supposedly for wrong analysis or any emergency situation like CHF issue some years ago.

If we have proper system and do not get influnced by others, and manage proper risk management ( lot size based on capital ). stop loss setting is not needed
Intraday only.
  • #541,610
  • Aug 8, 2020 5:56am Aug 8, 2020 5:56am
Quoting navk
{quote} stop losses setting in my view is supposedly for wrong analysis or any emergency situation like CHF issue some years ago. If we have proper system and do not get influnced by others, and manage proper risk management ( lot size based on capital ). stop loss setting is not needed
that depend how traders understand about stop loss budd..
for me it a must at every of my trading when i open them..
others traders they will have their own style or rules of trading..
my style since day 1 until now stay with my rules..
stop loss must have..
just for a cup of coffee...
  • #541,611
  • Aug 8, 2020 5:59am Aug 8, 2020 5:59am
Quoting navk
do i need a stop loss setting for short at 3150? No. {image}
after?
ha ha..
made it before next week buddy
just for a cup of coffee...
  • #541,612
  • Aug 8, 2020 6:00am Aug 8, 2020 6:00am
Quoting akim0895
{quote} after? ha ha.. made it before next week buddy
the system should speak...

The stop setting is for the reasons i said, + emotion.
Intraday only.
  • #541,613
  • Aug 8, 2020 6:03am Aug 8, 2020 6:03am
Quoting BWilliam
{quote} Correct it was a confluence of all timeframes.
when after everybody can show about it.
before?
just for a cup of coffee...
  • #541,614
  • Aug 8, 2020 6:04am Aug 8, 2020 6:04am
Quoting navk
{quote} the system should speak... The stop setting is for the reasons i said, + emotion.
that why at early you short it also with stop loss buddy..
stop blame others around..
we are experience traders so act like a experience or pro traders..give a value example for newbies around..
how can red tag or experience traders can follow blindly or not from his own system..
just for a cup of coffee...
  • #541,615
  • Aug 8, 2020 6:08am Aug 8, 2020 6:08am
Quoting akim0895
{quote} when after everybody can show about it. before?
no.

Wrong opinion.

4 hr changed to short on thursday.

This is caution.

Friday, daily changed to short.

Never a buy there..if i go with my system.
As williams pointed out, conflunce of 4hr and daily to short side on friday.
Intraday only.
  • #541,616
  • Aug 8, 2020 6:09am Aug 8, 2020 6:09am
Quoting navk
{quote} true. Buddys are to be respected as buddys.
yeahh..
that why i said sorry if my posting make you blindly follow me..because we are being buddy for some times here..
just for a cup of coffee...
  • #541,617
  • Aug 8, 2020 6:13am Aug 8, 2020 6:13am
Quoting navk
{quote} you know... every set up is worth some pips... on friay, 4 hr changed. at 3150. On friday, daily changed at daily open. All favouring short. And any pull backs to be sold. The pull back in Frankfurt is to be sold. The pull back in NY is to be sold. Because daily and 4 hr favouring short. As simple as that {image} {image}
so why not short it when it happen?
don't talk after buddy...
let move on and wait for new week to open
just for a cup of coffee...
  • #541,618
  • Aug 8, 2020 6:14am Aug 8, 2020 6:14am
Quoting OnlineAddict
BoE tomorrow...we might see 3010 again this week...targetting 2950-3000.
We saw 3010, but I had my TP at 3000...ah well...monday then.
Everyone can see the chart, but only a few can actually read it.
  • #541,619
  • Aug 8, 2020 6:15am Aug 8, 2020 6:15am
Quoting BWilliam
{quote} If position trade opened before this week also lose money since this week GBP did not gain against the dollar. For weekly swing traders who bought below the week open barely made money if they held their trade open. If bought above week open lose money. {image}
again..
not me
just for a cup of coffee...
  • #541,620
  • Aug 8, 2020 6:15am Aug 8, 2020 6:15am
Quoting OnlineAddict
{quote} Possible re-visit of 3130 on monday and eventually 2800 in august. Just thinking loudly...
Still valid, from a week ago.
Everyone can see the chart, but only a few can actually read it.
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