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Cable Update (GBPUSD)

  • #598,741
  • May 31, 2021 9:12am May 31, 2021 9:12am
Quoting mrluckystar
{quote} i knew you will take buy at 170 area.. im in 4 hrs earlier.. then i saw u take the trade.. then only 45 min it shoot up.. do u use any other indicator sang?
YES,

I use two indicator

Trend line and

Draw Rectangle

Attached below the image.

Attached Image
  • #598,742
  • May 31, 2021 9:12am May 31, 2021 9:12am
Quoting Sang.Real
{quote} Hi MTF. Thanks for sharing your charts and ideas in this thread, only hope for newbie to learn. Appreciate it very much. Attached chart is to ask your trade set up idea for this coming weeks, if this the way structures works. I'm still learning here and hope will improve my small trading to have better understnading on how price works. Thanks in advance in your assistant to help me. Sincerely Sang Real {image} {image}
And what about that spike? on 50fib retrace?
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  • #598,743
  • May 31, 2021 9:17am May 31, 2021 9:17am
Quoting Sang.Real
{quote} YES, I use two indicator Trend line and Draw Rectangle Attached below the image. {image}


btw any plan at 4200 area?
Peace Yo!
  • #598,744
  • May 31, 2021 9:17am May 31, 2021 9:17am
I watched this movie last year.

Nice movie anyway.

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  • #598,745
  • May 31, 2021 9:20am May 31, 2021 9:20am
Quoting Gambis
{quote} And what about that spike? on 50fib retrace? {image}

Thanks Gambis

Long time no see you.

I donno how to use fib correctly.

The last time using it was upside down and into wrong direction....lol

Until now I don't dare to touch fib tools yet.

Let me learn fib tool next year, may be I can try to put it properly and correctly into the chart.

Thanks for your post.

Regards

Sang Real
  • #598,746
  • May 31, 2021 9:25am May 31, 2021 9:25am
my techinal anaylsis, this is the weekly analysis. Week-on-week trend looks broken
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  • #598,747
  • May 31, 2021 9:26am May 31, 2021 9:26am
Quoting mrluckystar
{quote} i knew you will take buy at 170 area.. im in 4 hrs earlier.. then i saw u take the trade.. then only 45 min it shoot up.. do u use any other indicator sang?

I've already put up something up there to MTF.

Waititng for his comment on the set up.

If you scroll a bit, with my chart there.


Sang Real
  • #598,748
  • May 31, 2021 9:31am May 31, 2021 9:31am
nice trade guys on the long I was cutting my hair and saw this move up..bloody hell LOL
will be interesting to see if 1.42 can hold
  • #598,749
  • May 31, 2021 9:40am May 31, 2021 9:40am
Quoting Sang.Real
GU Scalping at SNR Level {image}

great trade, no luck involved here
  • #598,750
  • May 31, 2021 9:44am May 31, 2021 9:44am
Quoting MTF Test
{quote} We may see low of 1.415 or possibly 1.41 before resuming of an uptrend ONLY if we break below 1.416xx. Currently 1.42xxx is holding and rejecting...
Wow. This is a really good place to be. I've been waiting for that pullback all along. Thanks for the update.
  • #598,751
  • May 31, 2021 9:54am May 31, 2021 9:54am
Quoting maheeee
{quote} happened

Thank you for sharing your daily closed candle prediction.

Newbie will learn a lot from it.

But,

the closing is not as important as the TYPE of candle it closes for the day.

Understanding, whose in control on that day is important for planning on the next trade set up.

The chart below explain the importance to recognize type of closing candle for the day and what to look for for the next trade set up.

Keep up the good work and please keep on sharing your daily closing candle, if only you can states type of candle closes for the day, it will be helpful.

Thank You

Sang Real

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  • #598,752
  • May 31, 2021 10:00am May 31, 2021 10:00am
Quoting nAVIN2007
nice trade guys on the long I was cutting my hair and saw this move up..bloody hell LOL will be interesting to see if 1.42 can hold
lol ! Caught me by surprise too especially as the day had gone at snails pace so far.
Insane in the Brain..
  • #598,753
  • May 31, 2021 10:04am May 31, 2021 10:04am
retracement level??
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  • #598,754
  • May 31, 2021 10:11am May 31, 2021 10:11am
possible short scenario inbound
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  • #598,755
  • May 31, 2021 10:16am May 31, 2021 10:16am
GBPNZD is dropping as I mentioned and it will continue to drop 100 pips more. AUDUSD will fly
  • #598,756
  • Edited 7:03pm May 31, 2021 10:25am | Edited 7:03pm
Quoting Sang.Real
{quote} Hi MTF. Thanks for sharing your charts and ideas in this thread, only hope for newbie to learn. Appreciate it very much. Attached chart is to ask your trade set up idea for this coming weeks, if this the way structures works. I'm still learning here and hope will improve my small trading to have better understnading on how price works. Thanks in advance in your assistant to help me. Sincerely Sang Real {image} {image}
Hey Buds,

Sorry for the late reply. I was with my son.

Let me explain as per my knowledge hence I am not a pro though I trade for few trading firms.

For me, My structure TF remains as big as 1HR. I do not take any other time frames in to consideration, other than 1HR and Below. Because it does not suit my level of urgency.

Ok Back to the structure in 1HR. Correct structure will always work as per the chart below.

to answer your question. 1.42 has been respected and rejected many a times (last three weeks to be exact). However Bulls were able to break the level but could not sustain the move in to the territory. Creating HL's on prior two occasions with intensive momentum, i suggest move below 1.42 may not be possible.

1.42 been the new support may restrict considering today being the last day of the month. However as i always say' anything is possible in this business. thats why it is mandatory for us to manage our risk according to our capital.

its always my two cents. Hope you find it useful. Lets' see the development of the next few 1HR candles.

Cheers mate !
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Fools Rushing
  • #598,757
  • May 31, 2021 10:26am May 31, 2021 10:26am
Quoting alkann
my techinal anaylsis, this is the weekly analysis. Week-on-week trend looks broken {image}
u seem to be a very good analyst...looking forward to see more of your posts
  • #598,758
  • May 31, 2021 10:31am May 31, 2021 10:31am
Quoting Sang.Real
{quote} Thank you for sharing your daily closed candle prediction. Newbie will learn a lot from it. But, the closing is not as important as the TYPE of candle it closes for the day. Understanding, whose in control on that day is important for planning on the next trade set up. The chart below explain the importance to recognize type of closing candle for the day and what to look for for the next trade set up. Keep up the good work and please keep on sharing your daily closing candle, if only you can states type of candle closes for the day, it will...
Sang

In response to the why reverse at this level comment on your chart

We had a special type of zone on the H1 which is very powerful, look out for a bear candle 'sandwiched' between two strong bull candles or vice versa. FF member Roszey pointed them out and they have been very useful for me, very powerful areas in the chart. If you drill down into the 15m, you'll find the same sell to buy candle formation at the exact level we reversed (within that 1h sandwiched candle), but the problem then becomes having more zones to choose from, so you have to incorporate price action confirmation for your entries and not just buy or sell blindly at levels

Sometimes called a rally-base-rally demand zone, probably a bunch of other names too, the important factor is that you have some basing/accumulation at the level before another strong move. We did have that break below on Friday but I only realised halfway that we were filling an imbalance

Check out the similar zone created on H4 at 1.41

Hopefully not preaching to the choir here I know you extracted much more of this move than me, just the way I see it. Thanks for freely sharing your wisdom

For me just two trades today sell in the morning and that buy.. wasn't really expecting anything today so wasn't very well prepared, I had no idea it would be such a dramatic pump up.. I was literally just looking for 15 pips to cap off the day. I try and study a bit afterwards to see if I can extract more the next time

In general still 'expecting' a move to the bottom of this large range up until NFP but i'm trying not to expect/predict things anymore and doing better for it
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  • #598,759
  • May 31, 2021 10:35am May 31, 2021 10:35am
Quoting MTF Test
{quote} Hey Buds, Sorry for the late reply. I was with my son. Let me explain as per my knowledge hence I am not a pro though I trade for few trading firms. For me my structure TF remains big as 1HR. I do not take any other time frames other 1HR and Below. Because it does not suit my level urgency. Ok Back to the structure in 1HR. Correct structure will always will work as per the chart below. to answer to you question. 1.42 has been respected and rejected many a times (last three weeks to be exact). However Bulls were able to break the level but...
cannot argue with any of it..I am surprised how many good traders they are in here! I guess people have to adapt and have to be pretty awesome to survive trading these times..I have my trades. I might lose, then going to back test on lower time frame to have faith in myself..
Trader small time frame means u have to be very alert and react in an instant, which I cannot do right now..
  • #598,760
  • Edited 11:03am May 31, 2021 10:38am | Edited 11:03am
Quoting Sang.Real
{quote} Thank you for sharing your daily closed candle prediction. Newbie will learn a lot from it. But, the closing is not as important as the TYPE of candle it closes for the day. Understanding, whose in control on that day is important for planning on the next trade set up. The chart below explain the importance to recognize type of closing candle for the day and what to look for for the next trade set up. Keep up the good work and please keep on sharing your daily closing candle, if only you can states type of candle closes for the day, it will...
Hey ! I see you as a great example of all the newbie traders out there !

For me to say that, I have two main reasons.

1. You really need to empty you mind to learn. Showing that your empty and keen to learn is great attitude we all should learn from you. keeping ego aside is the best way to grasp knowledge quickly which you have mastered I guess.
2. You also understand your limitation. most of us (including me) at the learning curve we tend to forget out limitation. that is the main reason we blow up accounts, which I don't see it from you.

I can see the success is around the corner for you.

I recommend every new trader to take time to do POST trade analysis where you will find your mistakes/ necessary improvements. at the same time we have to learn to correct them over the time as well.

Those were bit of my life experiences.

Chees to all !
Fools Rushing
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