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Cable Update (GBPUSD)

  • #553,801
  • Oct 18, 2020 12:26am Oct 18, 2020 12:26am
Quoting Lastaccount
Brexit DEAL ! pound
No deal so far looking less likely too
Insane in the Brain..
  • #553,802
  • Oct 18, 2020 1:51am Oct 18, 2020 1:51am
Spectacle on the weekend
I learned a lot from this genius person, the problem is most people are wrong in implementing what he means like what he says.
Enjooy
Inserted Video
  • #553,803
  • Oct 18, 2020 1:53am Oct 18, 2020 1:53am
Quoting bale
This pattern is what I call the Nungging pattern. I have lost 4 times this month but that will change immediately when the market starts to trend. {image}
Bale, can you please tell me what indicator are you using on this screenshot?
best regards
  • #553,804
  • Edited 3:50am Oct 18, 2020 2:16am | Edited 3:50am
Quoting Arief-
Spectacle on the weekend I learned a lot from this genius person, the problem is most people are wrong in implementing what he means like what he says. Enjooy https://www.youtube.com/watch?v=bNxt298VVOw
At 0:46

The Holy Grail is 5 simple word = Want What The Market Want = Trend Following

from this video, my big conclusion is trade on stable and clear Trend, no expectation, and don't ever Catch The Falling Knife..

thanks for remembering me with this video again Mr. Arief

  • #553,805
  • Oct 18, 2020 5:56am Oct 18, 2020 5:56am
Moody's downgrades the UK's ratings to Aa3, outlook stable.

https://www.forexfactory.com/news/10...-aa2-by-moodys
  • #553,806
  • Oct 18, 2020 6:01am Oct 18, 2020 6:01am
I don't think it's worth doing a fundamental analysis in less time than h1.
  • #553,807
  • Oct 18, 2020 6:46am Oct 18, 2020 6:46am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd181020-1h.png Size: 111 KB
twitter: @gettoefl
  • #553,808
  • Oct 18, 2020 7:55am Oct 18, 2020 7:55am
Quoting Arief-
Spectacle on the weekend I learned a lot from this genius person, the problem is most people are wrong in implementing what he means like what he says. Enjooy https://www.youtube.com/watch?v=bNxt298VVOw
Keren abis , thanks Mr. Arief
  • #553,809
  • Oct 18, 2020 8:02am Oct 18, 2020 8:02am
Quoting meugampong
{quote} At 0:46 The Holy Grail is 5 simple word = Want What The Market Want = Trend Following from this video, my big conclusion is trade on stable and clear Trend, no expectation, and don't ever Catch The Falling Knife.. thanks for remembering me with this video again Mr. Arief
It seems that we are both trend followers, Kang Arif's post above is perfect for us. Hopefully you will get a lot of green pips next week
  • #553,810
  • Oct 18, 2020 8:23am Oct 18, 2020 8:23am
Inserted Video
Technical Analyst & Trader @ Vikinsa
  • #553,811
  • Oct 18, 2020 8:26am Oct 18, 2020 8:26am
Quoting Arief-
Spectacle on the weekend I learned a lot from this genius person, the problem is most people are wrong in implementing what he means like what he says. Enjooy https://www.youtube.com/watch?v=bNxt298VVOw
Interesting...TA doesn't work...and we know exactly where wave 4 is going to happen (1:06:25) ...hmmm... but I agree with him 99.99% of the time what he is preaching because it's my "sermon" the difference is I don't sell anything (courses)... everything is on the internet for free
...http://www.tradingfives.com/articles...-fractals.html
Always trade your own plan...I don't provide trading signals.
  • #553,812
  • Oct 18, 2020 8:34am Oct 18, 2020 8:34am
Quoting bale
{quote} It seems that we are both trend followers, Kang Arif's post above is perfect for us. Hopefully you will get a lot of green pips next week
yo .. we are the same bro.

I am a fan of bill william , so automatically I a trend follower,

really and very impressed for my friends who can take entries above and below against a bigger trend.

even if I counter trend with most other traders cause I think price is back to the actual trend at big TF , that's all I can afford

most importantly there are no predictions, because what we assume in our brains will backfire sometimes.
look at GU if our previous assumption will go up because break 1.3 he is down, and now he is down then our assumption is looking to sell. even though he could be up again.

for me the solution is only one .. entry in same direction of the large trend at least daily TF
Even if i'm still losing, i accept that maybe price still needs correction as long as it hasn't shown a trend reversal ..

#lelah_hayati_jadi_dukun

How about your trend following system, Bale?
  • #553,813
  • Oct 18, 2020 8:46am Oct 18, 2020 8:46am
Quoting Coreg2004
{quote} Interesting...TA doesn't work...and we know exactly where wave 4 is going to happen (1:06:25) ...hmmm... but I agree with him 99.99% of the time what he is preaching because it's my "sermon" the difference is I don't sell anything (courses)... everything is on the internet for free ...http://www.tradingfives.com/articles...-fractals.html
That's great information for all, that is why I say you're a good person at sharing.
  • #553,814
  • Oct 18, 2020 8:49am Oct 18, 2020 8:49am
Entry is like releasing a paper ship in a river,

We know that one time he will drown, at least we hope the paper ship can sink far away as possible

TP or Cut Profit ..
  • #553,815
  • Oct 18, 2020 9:09am Oct 18, 2020 9:09am
Quoting Arief-
{quote} That's great information for all, that is why I say you're a good person at sharing.
Arief, thanks...you are doing good "community service" too as many other traders here...
Always trade your own plan...I don't provide trading signals.
  • #553,816
  • Oct 18, 2020 9:19am Oct 18, 2020 9:19am
Quoting meugampong
{quote} yo .. we are the same bro. I am a fan of bill william , so automatically I a trend follower, really and very impressed for my friends who can take entries above and below against a bigger trend. even if I counter trend with most other traders cause I think price is back to the actual trend at big TF , that's all I can afford most importantly there are no predictions, because what we assume in our brains will backfire sometimes. look at GU if our previous assumption will go up because break 1.3 he is down, and now he is down then our assumption...
Honestly, I'm still a little hesitant to sell tomorrow morning because "Nungging" appears in the middle so I'll wait another day to be sure, so if the candle closes bearish tomorrow there is a big possibility that a downward trend will occur and it could resemble the last March trend. . We can have a pips party.
  • #553,817
  • Oct 18, 2020 9:24am Oct 18, 2020 9:24am
Quoting Arief-
{quote} That's great information for all, that is why I say you're a good person at sharing.
Yeah, right, fellow traders must share information to be able to get profit together. We will laugh together while enjoying coffee milk with fried bananas.
  • #553,818
  • Edited 9:45am Oct 18, 2020 9:32am | Edited 9:45am
charts not that clear - engulf on weekly but needs confirm ,I could limit the chart to approx 13180 ,which would be a super sell.
I'm struggling with as high as gap ,after star on weekly.
doji next on monthly {further consolidation } should be treated as bearish continuation.It may keep gravitating to this zone within oct...
Price is trapped by huge up and sharp down within a range.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 25 GBPUSD-Weekly.png Size: 19 KB
Click to Enlarge Name: 25 GBPUSD-Monthly.png Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #553,819
  • Oct 18, 2020 10:38am Oct 18, 2020 10:38am
Quoting Bones
charts not that clear - engulf on weekly but needs confirm ,I could limit the chart to approx 13180 ,which would be a super sell. I'm struggling with as high as gap ,after star on weekly. doji next on monthly {further consolidation } should be treated as bearish continuation.It may keep gravitating to this zone within oct... Price is trapped by huge up and sharp down within a range. {image} {image}
200 Day MA near 1.2785. Coincides with the 100 week MA and the 14 Month moving average. Looks well supported.

In the background we have the U.S. stimulus closer to passing, an equity positive catalyst, dollar negative and a risk-on sentiment supporting GBP, gold, oil etc.

The potential GBP negative is the no deal Brexit. GBP is stuck in a hard place.
Be humble or be humbled.
  • #553,820
  • Oct 18, 2020 12:16pm Oct 18, 2020 12:16pm
Quoting Temujin
{quote} 200 Day MA near 1.2785. Coincides with the 100 week MA and the 14 Month moving average.

Looks well supported. . etc. The potential GBP negative is the no deal Brexit. GBP is stuck in a hard place.

Blaaaaa

Who cares about 14 months ago?????

Blaaaa

Did they cut UK rating

Down
Beware of robber banks (RB), bad advisors.
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