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Cable Update (GBPUSD)

  • #590,181
  • Apr 19, 2021 10:38am Apr 19, 2021 10:38am
Quoting kingsleynwan
{quote} why don't you share your chart
Hey Kingsley, I am not sure if I get you when you say why don't I share my chart. I do share charts detailing my ideas and stuff. I swing and most times I don't see the need to keep posting same chart over and again. If you check my last ‘image’, I am still following that idea till otherwise.

Stay Safe
  • #590,182
  • Edited 10:59am Apr 19, 2021 10:43am | Edited 10:59am
Quoting Wavegarrick
{quote} Hi Guys, On a precautionary note. Swing trading is never an easy feat. I was hoping that price would smash through 1.3672. It never happened and price came to rest just above 1.3700. I will see what happens early next week. Here is what I think the big boyz could do. I have attached my weekly chart. They could possibly take price up for the next week or two. I am not basing this on chance but a study of my previous swings. I have highlighted it in yellow on my chart. Price could be taken up above last week's high and by estimation, the mid-round...
Hi Guys,
Time for a top-down analysis. From my monthly chart, I have my previous candle high at 1.40229 which is the 61.8% fib retrace from the most recent swing high to swing low. If 1.40229 gets broken to the upside, I will probably bet my bottom dollar for new highs.
Attached Image (click to enlarge)
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From a weekly perspective and as per my quoted post price can easily reject off these levels.
Quote
I will see what happens early next week. Here is what I think the big boyz could do. I have attached my weekly chart. They could possibly take price up for the next week or two. I am not basing this on chance but a study of my previous swings. I have highlighted it in yellow on my chart. Price could be taken up above last week's high and by estimation, the mid-round number 1.39500. There is a good chance that most of my sell trades could be taken out before the drop, nevertheless, I am aware of this and will act accordingly
Much will depend on what happens from the 20th to month-end. Price reversals tend to occur from the 20th of the month going into month-end.
Attached Image (click to enlarge)
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It is almost certain that 1.4000 will be tested at this point, from a 4 Hr perspective, I will monitor price around this area for a possible rejection. Price has overshot my monthly resistance 1 at 1.39785 and my 50% fib retrace at 1.39546. I will monitor reversals from 1.40000 to 1.40229. I will use my cyclic indicators to confirm my entries.
Attached Image (click to enlarge)
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Trade safe guys,
Cheers.
Trade to trade another day
  • #590,183
  • Apr 19, 2021 10:47am Apr 19, 2021 10:47am
Quoting Sang.Real
{quote} SS Thanks for the words of praise, sir. That means something coming from a trader of your knowledge, experience and caliber. I am most humbled. And consider lucky to be in the same thread with you when I joined FF. I am real happy to see someone of your caliber over here. You just boosted my confidence . But over all, the crowd here is a mixed bags of professionals to the categories of 'not too courteous' type of people over here. I'm not trying to 'kiss a**' here; as you know, I have been following your posting from beginning. So...

Hey Sang,

It's not a oneyway thing tho. I believe we learn from each other and that's on period! I am always limited to what I have experienced so it's only smart to never assume anything, rather keep learning ..

Oh boy that's look delicious I am not even kidding. I wish I was breaking the fast with you bro.

Anyway, keep well and enjoy
SS
  • #590,184
  • Apr 19, 2021 10:50am Apr 19, 2021 10:50am
Quoting PopeyeEA
maybe going to 1.386 or get highest 1.399. just focus on buy. GU already SURPASSS my daily trendline SL 1.3745 {image}
ALL DONE. TQ
  • #590,185
  • Apr 19, 2021 10:55am Apr 19, 2021 10:55am
CABLE TO THE MOON!
when you can accurately predict the future, you leave nothing to chance.
  • #590,186
  • Apr 19, 2021 10:56am Apr 19, 2021 10:56am
Quoting kingsleynwan
{quote} why don't you share your chart

Hi kingsleynwan

apology if I interfere your question to JB. Don't want to be rude, but sharing on ideas on how to get the most info from experienced traders in this thread.

I usually don't ask for his chart, I does my own mapping and let him comment. From his (JB) comment and view I will drill down to LTF to find low risk (low drawdown) entry. Here's the recent post addressed to JB. After all , we are not school or University, we must take own initiative to explore and learn from experienced trader here by extracting their ideas and view in particular trade set up.

Quoting JayBag
{quote} Hi Sang, I think your mapping is awesome as I have a similar idea in mind . Let's give it time, we could see some strong bulls soon. 1.40 still a valid area to take some off the table SS
Attached Image (click to enlarge)
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Most of Professional and Experienced Traders in this thread are helpful, if you only know HOW to ask them.

Again, thousand apology, if my posting annoy and disturb your privacy

Sincerely

Sang Real
  • #590,187
  • Apr 19, 2021 10:58am Apr 19, 2021 10:58am
Quoting Yngwie
need to retrace. overbought
Totally agree ! However I can’t see this the bulls running out of gas
Insane in the Brain..
  • #590,188
  • Apr 19, 2021 10:58am Apr 19, 2021 10:58am
Quoting Sang.Real
{quote} Hi kingsleynwan apology if I interfere your question to JB. Don't want to be rude, but sharing on ideas on how to get the most info from experienced traders in this thread. I usually don't ask for his chart, I does my own mapping and let him comment. From his (JB) comment and view I will drill down to LTF to find low risk (low drawdown) entry. Here's the recent post addressed to JB. After all , we are not school or University, we must take own initiative to explore and learn from experienced trader here by extracting their ideas and view...
you must be a politician
  • #590,189
  • Apr 19, 2021 10:59am Apr 19, 2021 10:59am
from the middle of Asian session . there is no break of the low of significant hourly candle
Attached Image(s) (click to enlarge)
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yes yes yes
  • #590,190
  • Apr 19, 2021 11:10am Apr 19, 2021 11:10am
Quoting BeeTogether
{quote} Totally agree ! However I can’t see this the bulls running out of gas
Not overbought, but I opened a short position (should be closed tomorrow):

Attached Image (click to enlarge)
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Simultaneously I've put a Buy Limit (it should be triggered tomorrow):

Attached Image (click to enlarge)
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EDIT:

Actually I am changing TP for the long to 1.40807
WT
  • #590,191
  • Apr 19, 2021 11:18am Apr 19, 2021 11:18am
Quoting Wavegarrick
{quote} Hi Guys, Time for a top-down analysis. From my monthly chart, I have my previous candle high at 1.40229 which is the 61.8% fib retrace from the most recent swing high to swing low. If 1.40229 gets broken to the upside, I will probably bet my bottom dollar for new highs. {image} From a weekly perspective and as per my quoted post price can easily reject off these levels. {quote} Much will depend on what happens from the 20th to month-end. Price reversals tend to occur from the 20th of the month going into month-end. {image}It is almost...
I thank you that this information is well received. You articulate your points very well.

I am truly grateful that this valuable information finds such a great audience.

Even though this information is no secret it is simply the Truth about the structure of the market, but your posts above are genius.

It blows me away how clearly you can articulate incredibly complex material.

You need to write a book man.

I like Wavegarrick posting, always back to what's essential, having a clear concept of what one is doing.

This is his ability to reflect and be able to articulate the approach and mindset.

" True mark of knowledge and competence is the ability to explain and teach" , says Aristotle.

That's what its all about sharing thoughts, right or wrong that's the way we can learn faster.

I didn't articulate that very well and always looking forward from experienced trader to give me a hand.

Wavegarrick and a lot of nice and experienced traders who are so kind to share their knowledge with others.

Keep up the good work Sir.

It means a lot to me.

Sincerely

Sang Real
  • #590,192
  • Apr 19, 2021 11:20am Apr 19, 2021 11:20am
Quoting Wavegarrick
{quote} Hi Guys, Time for a top-down analysis. From my monthly chart, I have my previous candle high at 1.40229 which is the 61.8% fib retrace from the most recent swing high to swing low. If 1.40229 gets broken to the upside, I will probably bet my bottom dollar for new highs. {image} From a weekly perspective and as per my quoted post price can easily reject off these levels. {quote} Much will depend on what happens from the 20th to month-end. Price reversals tend to occur from the 20th of the month going into month-end. {image}It is almost certain...
Great analysis... yep, we are getting into the crutial part of the month!

Thanks for taking the time Wavegarrick.
  • #590,193
  • Apr 19, 2021 11:29am Apr 19, 2021 11:29am
Quoting Sang.Real
{quote} Hi kingsleynwan apology if I interfere your question to JB. Don't want to be rude, but sharing on ideas on how to get the most info from experienced traders in this thread. I usually don't ask for his chart, I does my own mapping and let him comment. From his (JB) comment and view I will drill down to LTF to find low risk (low drawdown) entry. Here's the recent post addressed to JB. After all , we are not school or University, we must take own initiative to explore and learn from experienced trader here by extracting their ideas and view...
thank you very much
  • #590,194
  • Apr 19, 2021 11:53am Apr 19, 2021 11:53am
Quoting Bartosz77
{quote} Not overbought, but I opened a short position (should be closed tomorrow): {image} Simultaneously I've put a Buy Limit (it should be triggered tomorrow): {image} EDIT: Actually I am changing TP for the long to 1.40807
I was expecting a drop towards 13850 earlier today can’t see it happening this week though
Insane in the Brain..
  • #590,195
  • Apr 19, 2021 12:06pm Apr 19, 2021 12:06pm
Quoting BeeTogether
{quote} I was expecting a drop towards 13850 earlier today can’t see it happening this week though
I would be happy with 1.39 too. Its struggling to even go there.
  • #590,196
  • Apr 19, 2021 12:09pm Apr 19, 2021 12:09pm
Attached Image (click to enlarge)
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Thank you great Britain pound
Was a wonderful day actually
  • #590,197
  • Apr 19, 2021 12:18pm Apr 19, 2021 12:18pm
Quoting BeeTogether
{quote} exactly! Even then it was above what my long entry point was... now stuck in 2 shorts which are not happening
Yea- I fell into the same trap. I expected the up move but I think overcomplicated it in my own head, expected a retrace leg on the W. Luckily jumped out of the short with a small loss. A bit annoying to not profit when the PA on the face of it looks very simple, but I think I more have an eye for reversals on this pair.
  • #590,198
  • Apr 19, 2021 12:22pm Apr 19, 2021 12:22pm
Quoting mysterio
{quote} Yea- I fell into the same trap. I expected the up move but I think overcomplicated it in my own head, expected a retrace leg on the W. Luckily jumped out of the short with a small loss. A bit annoying to not profit when the PA on the face of it looks very simple, but I think I more have an eye for reversals on this pair.
yeah could have been a real
earner lol

the middle part of the W should drop to today’s pivot but the bull strength is yanking it up
Insane in the Brain..
  • #590,199
  • Apr 19, 2021 12:27pm Apr 19, 2021 12:27pm
Quoting Moty
from the middle of Asian session . there is no break of the low of significant hourly candle {image} {image}
yap this guy is tough today
took late short for few dollars, he told me fuck off.
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  • #590,200
  • Apr 19, 2021 12:29pm Apr 19, 2021 12:29pm
Drop is inevitable for tomorrow.
Sleep Eat Sell
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