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Cable Update (GBPUSD)

  • #585,521
  • Mar 23, 2021 3:56am Mar 23, 2021 3:56am
Quoting kCBHk
{quote} Keep faith...I believe it will reverse... Same thing happened yesterday... Being patient is a key aspect to forex...I'm long on Cable and NZD/USD...

KCBHk.

Yeah.

I'm looking to place for long entry.

Without realizing , it's too early for long trade, as Market Maker need to fill up their order first before going up.

I enjoy your posting and honest opinion.

I'm here to stay and to learn hoe to trade profitability.

Learning from Experienced Traders is better than leaning form YouTube.

Thanks for your support to Newbie.



Sang Real
  • #585,522
  • Mar 23, 2021 3:57am Mar 23, 2021 3:57am
Quoting Headland
2 x dly/wkly ascending t/lines...dly below. Lower Dark blue line joins 1411 with 2854. Light blue line joins 2854 with 3188. {image}

... taking a closer look they come thru on today's dly candle @ circa 3795 then 3740.
Trader with an Edge.
  • #585,523
  • Mar 23, 2021 3:59am Mar 23, 2021 3:59am
Quoting Sang.Real
{quote} Thanks MTF. I think trying to go long too early is part of my trading problem. Kind of FOMO syndrome. Keep up the good work to encourage newbie to accelerate e their learning in this forum. Sang Real
You sold at 1.3810(maybe a loss). If you wait and buy back at 1.3780 or 1.3750. When price goes back to 1.3810, you will win 30 or 60 pips!
  • #585,524
  • Mar 23, 2021 3:59am Mar 23, 2021 3:59am
Quoting Moty
dx , what is your plan? {image}
it wants to go up, but it doesn't have the strength
Do more of what works and less of what doesn't
  • #585,525
  • Mar 23, 2021 4:01am Mar 23, 2021 4:01am
Quoting Sang.Real
{quote} KCBHk. Yeah. I'm looking to place for long entry. Without realizing , it's too early for long trade, as Market Maker need to fill up their order first before going up. I enjoy your posting and honest opinion. I'm here to stay and to learn hoe to trade profitability. Learning from Experienced Traders is better than leaning form YouTube. Thanks for your support to Newbie. Sang Real
Just make hedging mate..
My faith gu will going down 1.377 or lowest to 1.3644 this week
  • #585,526
  • Mar 23, 2021 4:01am Mar 23, 2021 4:01am
Quoting PopeyeEA
{quote} lol. you can check all my posting before in others thread. I have said major movement is UP and I just scalp now.

PopeyeEA

You're very smart trader and professional.

Don't get into argument with others. Let them be. Help Newbie instead. It's better for your heart.


Can you advice me on this LONG trade I've taken ?. This is small amount I trade in proportion to my account.

What is the reasonable TP and SL do you recommend Newbie.

Thanks for your comment and view.

Sang Real

Attached Image (click to enlarge)
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  • #585,527
  • Mar 23, 2021 4:02am Mar 23, 2021 4:02am
Quoting Sang.Real
{quote} KCBHk. Yeah. I'm looking to place for long entry. Without realizing , it's too early for long trade, as Market Maker need to fill up their order first before going up. I enjoy your posting and honest opinion. I'm here to stay and to learn hoe to trade profitability. Learning from Experienced Traders is better than leaning form YouTube. Thanks for your support to Newbie. Sang Real
You are not only learning, but you're also in the playing field too
Do more of what works and less of what doesn't
  • #585,528
  • Mar 23, 2021 4:04am Mar 23, 2021 4:04am
Quoting KingLi
{quote} it wants to go up, but it doesn't have the strength
I hope it doesn't go beyond 92.12
  • #585,529
  • Mar 23, 2021 4:04am Mar 23, 2021 4:04am
Quoting RCtrader
{quote} Or maybe it is the day. We shall see.
There is still plenty of room on the way down. The next support on my charts is 1.3777.
Risk Management is of utmost importance!
  • #585,530
  • Mar 23, 2021 4:06am Mar 23, 2021 4:06am
Quoting PopeyeEA
{quote} Just make hedging mate.. My faith gu will going down 1.377 or lowest to 1.3644 this week
Thank yu

Any specific set up you're looking in why price will further goes down.

Wave count ? Fibo ? Harmonic Pattern ?. EMA Crosses or something I really don't see it's going down.

I'm still learning, need to understand I taking a trade , with good reason to execute it.

Thank again PopeyeEA

P/S - I never look for Trading Signal in this thread. Seldom I follow other people trade call unless they justify it for Technical Analysis.
If they just call LONG or SHORT without proper reason, I just glance thro' and do my own analysis.
  • #585,531
  • Mar 23, 2021 4:06am Mar 23, 2021 4:06am
First day for a long time cable has tipped to the down side on the daily and weekly and as the monthly is still up we are probably looking at a weekly correction which should filter down through to the lower timeframes
Follow The Markets Structure - Patience and Discipline
  • #585,532
  • Mar 23, 2021 4:09am Mar 23, 2021 4:09am
Quoting Sang.Real
{quote} PopeyeEA You're very smart trader and professional. Don't get into argument with others. Let them be. Help Newbie instead. It's better for your heart. Can you advice me on this LONG trade I've taken ?. This is small amount I trade in proportion to my account. What is the reasonable TP and SL do you recommend Newbie. Thanks for your comment and view. Sang Real {image}
Don't make a long now!

If you still want long just use small lot.
  • #585,533
  • Mar 23, 2021 4:15am Mar 23, 2021 4:15am
Quoting Sang.Real
{quote} KCBHk. Yeah. I'm looking to place for long entry. Without realizing , it's too early for long trade, as Market Maker need to fill up their order first before going up. I enjoy your posting and honest opinion. I'm here to stay and to learn hoe to trade profitability. Learning from Experienced Traders is better than leaning form YouTube. Thanks for your support to Newbie. Sang Real
You are not newbie,you are our suggar daddy
  • #585,534
  • Mar 23, 2021 4:15am Mar 23, 2021 4:15am
Hi Sang.Real

re your question to PopeyeEA above, may I offer you some advice too:?

1, You need to decide whether you are scalping, or swing trading for bigger targets...if true scalping -cut your losers quickly and let winners run at least to 1st potential problem area (ppa) on 1hr and see what PA does there. Stop confusing the two - they are different.

2. if going against the trend (s) on t/f's above that of your entry - you need to assume it is just a pullback until PA on successively higher t/f's than that you used for entry suggest otherwise.

3. Always look to get 'with trend' as a first choice trade.

Re your current long...it's against the main move of the day but it is in the lower part of the 4hr/daily range 4017-3778 the extreme of which - 3778/75 looks vulnerable now does it not? So decide what type of trade it is re the point I make above and act accordingly...If a swing trade - stop below 3775 is safest. I am not making any judgement on whether it is a good trade or not.
Trader with an Edge.
  • #585,535
  • Mar 23, 2021 4:16am Mar 23, 2021 4:16am
Possibly a bit of retrace here, i'd like to look for more short a bit higher
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  • #585,536
  • Mar 23, 2021 4:18am Mar 23, 2021 4:18am
Quoting Sang.Real
{quote} Thank yu Any specific set up you're looking in why price will further goes down. Wave count ? Fibo ? Harmonic Pattern ?. EMA Crosses or something I really don't see it's going down. I'm still learning, need to understand I taking a trade , with good reason to execute it. Thank again PopeyeEA P/S - I never look for Trading Signal in this thread. Seldom I follow other people trade call unless they justify it for Technical Analysis. If they just call LONG or SHORT without proper reason, I just glance thro' and do my own analysis.
I am looking for fun and cute people here but your humble in this age scared me
  • #585,537
  • Mar 23, 2021 4:19am Mar 23, 2021 4:19am
Price should stop at 1.379, off course few pips wont change the view.
potential end of wave 5 on h1, massive support 1.38 (RN)-1.379

Added buy to my early order, 1.379

sorry, not in front my laptop to share the view.
but hope it help
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  • #585,538
  • Mar 23, 2021 4:22am Mar 23, 2021 4:22am
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yes yes yes
  • #585,539
  • Edited 4:59am Mar 23, 2021 4:22am | Edited 4:59am
Quoting DailyChart
Current London Open play 8H,Weekly and Monthly TF in The Imbalance Condition & Price Succesfully Break & Close Outside 8H,Weekly & Monthly Range Daily In The Balance Condition & Price Seal Inside Daily Range
After break down price will consolidated in the another range for a few hours for resume or reverse the moves until NY Open again

Remember sometimes price will consolidated here and there without do any break in the london session,but the setup is still there and market will decided to break it after London Close or at The NY Session Or even tomorrow when Tokyo session Open

This is how the game plan and by focus on the london session only and patiently wait for the setup then you can turn $1K into $100K in 6-12 month by focus on the GU or Gold Only but hey I am focus all the Major and life is Good
  • #585,540
  • Mar 23, 2021 4:25am Mar 23, 2021 4:25am
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feel free to invite me to your forum, if you have any
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