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Cable Update (GBPUSD)

Quoting Sang.Real
{quote} GU take whatever market want to give. fast in and out scalping. {image}
sangy, what is the meaning of SRF, RBS..?

SRF - Support Retest.. Failed?
RBS - Resistance Become Support ?
Up and down
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Hi,
My point of view!
Long 1.4150 (First Resistance) and after we have to look to 2nd resistance 1.4200
Quoting gatenio
{quote} sangy, what is the meaning of SRF, RBS..? SRF - Support Retest.. Failed? RBS - Resistance Become Support ?
Support Resistant Flip SRF not the same as SBR or RBS.

EG


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Quoting Tekin
Good morning all. Maybe a small down trend for cable and gold started. Today carrefully will be on short side first target for gold 1845 and for cable 1.4059

Hope that will not break here
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Quoting Sang.Real
{quote} Support Resistant Flip SRF not the same as SBR or RBS. EG {image}
BO and RT? I dont know the meaning as well
  • #596,307
  • Quote
  • Edited 7:34am May 20, 2021 7:23am | Edited 7:34am
Quoting gatenio
{quote} BO and RT? I dont know the meaning as well
Break Out BO

Retest RT

Some retest may failed, then you have to look at the next support/resistant where it failed from ( normally after whipsaw)

eg

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Quoting gatenio
{quote} sangy, what is the meaning of SRF, RBS..? SRF - Support Retest.. Failed? RBS - Resistance Become Support ?

SRF

Another example of perfect SRF that works and valid to execute the trade.

Low risk and minimal drawdown by using SRF.

This example include price structure ( important to take into consideration in trading)

example

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Quoting Sang.Real
{quote} SRF Another example of perfect SRF that works and valid to execute the trade. Low risk and minimal drawdown by using SRF. This example include price structure ( important to take into consideration in trading) example {image}
thanks for the quick lesson.
Given the days turn of events if 4120 holding then im thinking back up for now.
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Quoting gatenio
{quote} thanks for the quick lesson.
Ha ha ha


Support & Resistant are very primitive tools for forex trading.

SNR has been in used from the Ancient times during the beginning of trading by merchant in 16th century.

This is the only tool I use for trading, as I've yet to study other trading strategy and method during my First year of trading.

Maybe I will start to learn other tools next year.
Quoting Sang.Real
{quote} Ha ha ha Support & Resistant are very primitive tools for forex trading. SNR has been in used from the Ancient times during the beginning of trading by merchant in 16th century. This is the only tool I use for trading, as I've yet to study other trading strategy and method during my First year of trading. Maybe I will start to learn other tools next year.
Sang while you are a decent trader you really didnt answer gatenios question. He was just asking what your abbreviations mean. lol
Quoting mysterio
Back to range scalping https://www.tradingview.com/x/r7VHgqmH/ Quick in'n'out {image}
Keep scalping the range for now

Being careful to lock in trades incase wrong

Grabbing 20 pips 4 times is far easier than 80 pips once (for me)
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Quoting goldfish3
{quote} Sang while you are a decent trader you really didnt answer gatenios question. He was just asking what your abbreviations mean. lol
Hi Gold Fish

We are family here, always treat the best towards each others.

If only one person benefited from my sharing ( trades set up or knowledge), that will make me happy.

If more people benefited from my post, I am absolutely very happy and served my life purpose.

Sincerely

Sang Real
Quoting mysterio
{quote} Keep scalping the range for now Being careful to lock in trades incase wrong Grabbing 20 pips 4 times is far easier than 80 pips once (for me) {image} {image}
this is it... i love it.

20 pips 4 times...
10 pips many times..
even 5 pips , 3 pips...... are waaaayyy better

Trade with prediction = witch with her visions lol
nice TL
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Trade with prediction = witch with her visions lol
Quoting dimitricss
{quote} this is it... i love it. 20 pips 4 times... 10 pips many times.. even 5 pips , 3 pips...... are waaaayyy better
Exactly buddy, it's the way it's done!

Once or twice a week or so the stars will align and give you that 100 pip home run but until then just stack 'em up.

Keep coming back GU. I'll keep selling you and TPing. We can do this all day I don't care
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Quoting Sang.Real
{quote} Hi Gold Fish We are family here, always treat the best towards each others. If only one person benefited from my sharing ( trades set up or knowledge), that will make me happy. If more people benefited from my post, I am absolutely very happy and served my life purpose. Sincerely Sang Real
Yes absolutely. I have seen you trade over a few months om and off now you are good. But i, as im sure most others, still dont under why you chose your levels the way you do. Just saying. No offense. I dont post here much. Only when i find a trade on GU.
Quoting dimitricss
{quote} this is it... i love it. 20 pips 4 times... 10 pips many times.. even 5 pips , 3 pips...... are waaaayyy better
well done, but if you will not change the template you will spend all of the money on glasses
Quoting gatenio
{quote} well done, but if you will not change the template you will spend all of the money on glasses
Trade with prediction = witch with her visions lol
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