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Cable Update (GBPUSD)

  • #593,921
  • May 10, 2021 8:27am May 10, 2021 8:27am
Quoting dimitricss
short 1.4133
too soon...

closed with tiny weeny green...
Trade with prediction = witch with her visions lol
  • #593,922
  • May 10, 2021 8:30am May 10, 2021 8:30am
Quoting BeeTogether
{quote} Hammer time!! Although we won’t see 13910 but anything is better than now
too soon?
  • #593,923
  • May 10, 2021 8:35am May 10, 2021 8:35am
Quoting martinez1
There is something you will notice in this thread, 1) When the market is Ranging, people like Sang who trades Ranging Market makes a lot of pips and people like Moty who is a trend trader losses a lot of pips 2) And when the market is Trending people like Moty makes a lot a of Pips and people like Sang gives back to the market, i can remember one of those days Sang accusing Moty that he is the one making a lot pips, Lol and when i read that i laughed because i knew Sang's week or day was coming. And when the Market is ranging you will find this...
Hmmmm, Trend traders are making money, Range traders are losing because the want to catch the reverse, in my experience of over 13 years one thing i have learnt
is that when is trending is Trending and when is Ranging it is, i don't belong to any group, my eyes must recognize trending when it is and ranging when it is. Trade Safe
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #593,924
  • May 10, 2021 8:37am May 10, 2021 8:37am
Quoting martinez1
{quote} Hmmmm, Trend traders are making money, Range traders are losing because the want to catch the reverse, in my experience of over 13 years one thing i have learnt is that when is trending is Trending and when is Ranging it is, i don't belong to any group, my eyes must recognize trending when it is and ranging when it is. Trade Safe
Agreed- if you can easily switch between these two modes then you'll do fine on cable. This is where discretionary trading comes in, just have some tools you can deploy depending on the market conditions. The breakout above 1.40 is the signal to buy the dips and wait for the strongest potential reversal zone.
  • #593,925
  • May 10, 2021 8:38am May 10, 2021 8:38am
Quoting JayBag
{quote} If only bro, I for don enter UK parliament change things myself ni
Then you need a seat at the table but you will have to a lot of sacrifice. you go fit give person??? Lol
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #593,926
  • May 10, 2021 8:39am May 10, 2021 8:39am
1.40 looks nice
  • #593,927
  • May 10, 2021 8:39am May 10, 2021 8:39am
Gold sell target 1830. Sl 1852. GU should drop too.
We cut the winners short and let the losers run.
  • #593,928
  • May 10, 2021 8:39am May 10, 2021 8:39am
Guys, short is not ready to roll yet. Well, I had a good day after all with longs !
Attached Image (click to enlarge)
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Try the simple and make it for you ~
  • #593,929
  • May 10, 2021 8:41am May 10, 2021 8:41am
Quoting Ksth
1.40 looks nice
1.4 looking good indeed
Insane in the Brain..
  • #593,930
  • May 10, 2021 8:41am May 10, 2021 8:41am
go bears go
dx bounce nicely from 90.00
Attached Image (click to enlarge)
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yes yes yes
  • #593,931
  • May 10, 2021 8:46am May 10, 2021 8:46am
I advise traders not to sell until 1.4090 is broken, this pullback looks like momentum gathering to attack 1.42 between London close to Tokyo close tomorrow...
Data + Stat + Risk/Emotions Management
  • #593,932
  • May 10, 2021 8:46am May 10, 2021 8:46am
Quoting Moty
go bears go dx bounce nicely from 90.00 {image}
I like how you motivated the trend xD.
  • #593,933
  • Edited 9:12am May 10, 2021 8:55am | Edited 9:12am
Quoting clocktrade
Guys, short is not ready to roll yet. Well, I had a good day after all with longs ! {image}

Hi Mr Clock Trade.

Thanks for sharing your view.

I've short scalp to target and hope price to reverse long again. ( Green band)

See chart.

Your comments much appreciated.

EDIT : For educational purposes only.

Raya ni kau kena PKP lah. Tak payah pergi mana mana, dok rumah jer dan trade.

Thank you

Sang Real

( last surviving newbie in FF)

Attached Image (click to enlarge)
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  • #593,934
  • May 10, 2021 9:01am May 10, 2021 9:01am
Quoting 60629435
{quote} I like how you motivated the trend xD.
beautiful hanging man h4 candle
Attached Image(s) (click to enlarge)
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yes yes yes
  • #593,935
  • Edited 12:02pm May 10, 2021 9:03am | Edited 12:02pm
Quoting Vincent1
{quote} Hey Bones, I see that you are on FF since 2007, and maybe you started to trade also before...for sure you have more experience than me Do you remember if there has been a fundamental reasons which caused the top on Copper (not only) in 2011? Some event or some economic change which stopped the uptrend? I tried to search, but I didn't find any important one. The public debt crisis in Europe started in 2010, so not sure about correlation... I was wondering if it can happen again now
Hi Vincent I only ever looked at copper chart when someone brought it to this thread recently ,it was a very nice looking chart on the quarterly
But I was following commodities generally already.
I started trading around that time a complete newbie no experience whatsoever I had run a small company for a decade before that and like everyone thought what's not to know ....

I think why its going up isn't as important as the fact it is and it will feed through .I notice an oil pipeline down in the US now ,we had the canal blockage, the pandemic ,40% increase in M1 money ,Australia China relations,
the list goes on
When people talk about the inflation genie out the bottle they're talking about psychology ,you can't alter the mindset easy...
If you take Turkey at a more extreme point in time it's worth suppressing the mindset, which is exactly the FED's game imo

I do know the answer to the question only because I read about it before now , as back then I defiantly didn't care why things happened .

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Michael Burry was bullied off twitter talking about inflation

Inserted Video
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #593,936
  • May 10, 2021 9:03am May 10, 2021 9:03am
good monday...
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If you don't know how to earn money, don't loose it.
  • #593,937
  • May 10, 2021 9:07am May 10, 2021 9:07am
Quoting Georginson
I advise traders not to sell until 1.4090 is broken, this pullback looks like momentum gathering to attack 1.42 between London close to Tokyo close tomorrow...
Taken. You seem to have a strong background on cable, and it sounds like good advise. Thanks for sharing!
Charles.
  • #593,938
  • May 10, 2021 9:12am May 10, 2021 9:12am
Attached Image (click to enlarge)
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yes yes yes
  • #593,939
  • May 10, 2021 9:14am May 10, 2021 9:14am
Quoting Sang.Real
{quote} Hi Mr Clock Trade. Thanks for sharing your view. I've short scalp to target and hope price to reverse long again. ( Green band) See chart. Your comments much appreciated. EDIT : For educational purposes only. Thank you Sang Real ( last surviving newbie in FF) {image}
Hi Mr Sang,

Right now I am not feeling safe on GU. ATM it seems long still have it. But for the sake of wave, you should get your short.

Off note: I follow your trading knowledge so I have trust on your judgment.
Try the simple and make it for you ~
  • #593,940
  • May 10, 2021 9:14am May 10, 2021 9:14am
Quoting Moty
{image}
I always love your charts Moty ! Especially your arrows ! They are so expressive I sometimes feel like they could move the price for real !!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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Olu