{quote} why don't you share your chart
. Stay Safe
Cable Update (GBPUSD)
- #590,181
- Apr 19, 2021 10:38am Apr 19, 2021 10:38am
- Joined May 2016 | Status: Clueless | 6,896 Posts
. Stay Safe
- #590,182
- Edited 10:59am Apr 19, 2021 10:43am | Edited 10:59am
- Joined Sep 2017 | Status: Trader | 4,364 Posts
{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...
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.
From a weekly perspective and as per my quoted post price can easily reject off these levels.
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
Trade safe guys,
Cheers.
Trade to trade another day
- #590,183
- Apr 19, 2021 10:47am Apr 19, 2021 10:47am
- Joined May 2016 | Status: Clueless | 6,896 Posts
{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
- #590,186
- Apr 19, 2021 10:56am Apr 19, 2021 10:56am
- | Additional Username | Joined Mar 2020 | 1,607 Posts
{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.
{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
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
- Joined Oct 2020 | Status: Trader | 14,051 Posts
Insane in the Brain..
- #590,189
- Apr 19, 2021 10:59am Apr 19, 2021 10:59am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #590,190
- Apr 19, 2021 11:10am Apr 19, 2021 11:10am
{quote} Totally agree ! However I can’t see this the bulls running out of gas
Simultaneously I've put a Buy Limit (it should be triggered tomorrow):
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
- | Additional Username | Joined Mar 2020 | 1,607 Posts
{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 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
{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...
- #590,194
- Apr 19, 2021 11:53am Apr 19, 2021 11:53am
- Joined Oct 2020 | Status: Trader | 14,051 Posts
Insane in the Brain..
- #590,198
- Apr 19, 2021 12:22pm Apr 19, 2021 12:22pm
- Joined Oct 2020 | Status: Trader | 14,051 Posts
Insane in the Brain..
- #590,200
- Apr 19, 2021 12:29pm Apr 19, 2021 12:29pm
- Joined Nov 2020 | Status: Trader | 2,634 Posts
Drop is inevitable for tomorrow.
Sleep Eat Sell
Sleep Eat Sell