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Cable Update (GBPUSD)

  • #567,761
  • Dec 22, 2020 11:24am Dec 22, 2020 11:24am
Short .3360 SL .3378 TP .3329
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  • #567,762
  • Dec 22, 2020 11:27am Dec 22, 2020 11:27am
Just incase you missed my post.

Quoting maheeee
fibo level is total waste.. i never used fibo in my chart support, resistance , trend line work like charm...
so you're a profitable trader, how long have you been a profitable trader and is it your main source of income
  • #567,763
  • Dec 22, 2020 11:32am Dec 22, 2020 11:32am
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WT
  • #567,764
  • Dec 22, 2020 11:33am Dec 22, 2020 11:33am
...those prev 1hr/4hr then 1hr swing lo's = prev supp = pot (potential) sbr (supp becomes res) shown on 1hr below are the 1st upside obstacle for the bulls.
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Trader with an Edge.
  • #567,765
  • Dec 22, 2020 11:34am Dec 22, 2020 11:34am
Quoting Yngwie
{quote} bull is coming

Sure is


I see few bulls. Three . Steak. Juicy.
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Beware of robber banks (RB), bad advisors.
  • #567,766
  • Dec 22, 2020 11:35am Dec 22, 2020 11:35am
Quoting navk
{quote} i am long, 3303 must hold. It will hold. Or else out. expect 3400 minimum tonight
navk, did you switch to EW?...
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Always trade your own plan...I don't provide trading signals.
  • #567,767
  • Dec 22, 2020 11:35am Dec 22, 2020 11:35am
Quoting helioss
Short .3360 SL .3378 TP .3329 {image}
i see that too on my chart but not dare to take sell yet.. maybe from another level of seller zone above..
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Trade what you see, not what you think.. react and stay sharp..
  • #567,768
  • Dec 22, 2020 11:36am Dec 22, 2020 11:36am
Quoting giveachance
{quote} so is the trend still up moty??
yes
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yes yes yes
  • #567,769
  • Dec 22, 2020 11:40am Dec 22, 2020 11:40am
But who am I to criticize??



Not-KPMG looking at bank account




Ohhh all right then
Beware of robber banks (RB), bad advisors.
  • #567,770
  • Dec 22, 2020 11:42am Dec 22, 2020 11:42am
Quoting Catempire
{quote} Yes until no.

when markets crash technical analysis traders are all stood round scratching their heads wondering why the charts lie.

sometimes the elephant is too fooking obvious to ignore. Take note!

So true.



The TECHNICAL gurus are like the poor preaching guys on the street, and tomorrow they can explain why their bull (I mean bulls**t) didn't happen today as they fantasized yesterday





Take this example


You see 4 red bars and 5 green

On daily

Ohhh noooo




What does it mean????









Scroll more......





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Imagine you see 4 red bars and 5 green











What does it mean????









Means fu.k nothing because it's like 10-12 day old garbage







Hint: sell higher
Beware of robber banks (RB), bad advisors.
  • #567,771
  • Dec 22, 2020 11:45am Dec 22, 2020 11:45am
Quoting Catempire
{quote} Smarty money aren’t positioning themselves on the chart. shi t worthless companies still go up in value.. smart money still sells. because smart money isn’t stupid & buys off... fundamentals ? stupid money buys off f a other than a whim ?? pre existing candle formation based on history ??
i don't know about stocks, valuations, shorting stocks, just read few books, heard few ideas, so far it looks like working, and could work in the long run, and its also requires a lot of time, learning, discipline, mindset, so don't have time for news, and like not to care about that
  • #567,772
  • Dec 22, 2020 11:50am Dec 22, 2020 11:50am
Quoting Not-KPMG
{quote} So true. The TECHNICAL gurus are like the poor preaching guys on the street, and tomorrow they can explain why their bull (I mean bulls**t) didn't happen today as they fantasized yesterday Take this example You see 4 red bars and 5 green On daily Ohhh noooo What does it mean???? ...
it mens V shape reversal D buy!!!!
  • #567,773
  • Dec 22, 2020 11:52am Dec 22, 2020 11:52am
Quoting goldencalf
{quote} i don't know about stocks, valuations, shorting stocks, just read few books, heard few ideas, so far it looks like working, and could work in the long run, and its also requires a lot of time, learning, discipline, mindset, so don't have time for news, and like not to care about that
Understanding fundamentals is depressing & mind bending. Agreed.
Que Sera
  • #567,774
  • Dec 22, 2020 11:55am Dec 22, 2020 11:55am
Quoting giveachance
{quote} so is the trend still up moty??



Yeahhhh



Moty is the funniest



He plots the 1 minute chart on daily chart and discoveres every single day the trend is up
Beware of robber banks (RB), bad advisors.
  • #567,775
  • Dec 22, 2020 11:57am Dec 22, 2020 11:57am
Quoting Catempire
{quote} Understanding fundamentals is depressing & mind bending. Agreed.
probabilities is mind bending
  • #567,776
  • Dec 22, 2020 11:59am Dec 22, 2020 11:59am
Moty

Georginson

Rumps



The expert forex traders that show others how it's done


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Beware of robber banks (RB), bad advisors.
  • #567,777
  • Dec 22, 2020 12:01pm Dec 22, 2020 12:01pm
Those that criticise technical analysis per say either misunderstand it themselves and/or are right in their criticisms/observations of some of those that use it as the basis of their trading edge. Like any analysis from which an edge is derived, It is not predictive. It is though a graphical representation of market sentiment expressed as price action (from which all other TA studies are derived,) - that is a function of the underlying fundamental environment, and specific fundamental themes at play at any given moment.

Those using fundie/global macro themes analysis to derive an edge are wrong as many times as those using TA. Look here over the last few weeks the number of times they have predicted a massive drop in the £ and so far they have been wrong and mostly lost money or have been nursing longer term shorts with wide stops. I hope for their sakes that their stops are wide enough to accommodate a spike up on a deal - should it materialise before what many think will be a £ sell-off to follow based on the realities after the brexit transition period/covid recession etc...
Trader with an Edge.
  • #567,778
  • Dec 22, 2020 12:04pm Dec 22, 2020 12:04pm
Quoting Waveskierrob
{quote} ....again you brighten up my day
Dont encourage him. He has a sickness
  • #567,779
  • Dec 22, 2020 12:05pm Dec 22, 2020 12:05pm
Quoting Coreg2004
{quote} navk, did you switch to EW?... {image}
3385/90 is 200 EMA in my 5 min chart.
Intraday only.
  • #567,780
  • Dec 22, 2020 12:08pm Dec 22, 2020 12:08pm
if you don't know what your doing stay away from the markets just because your you have access to the charts doesn't mean you can trade..
fundamentals are are bullshit...
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99.9% persistence
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