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Cable Update (GBPUSD)

  • #600,241
  • Jun 4, 2021 8:17pm Jun 4, 2021 8:17pm
Quoting Pat Chiko
{quote} Doesn't mean it will go lower. Just a trap appear only on Daily TF. Here's some example. {image} {image}
yea, it was false break
Intraday only.
  • #600,242
  • Jun 4, 2021 9:25pm Jun 4, 2021 9:25pm
Quoting Pat Chiko
{quote} Doesn't mean it will go lower. Just a trap appear only on Daily TF. Here's some example. {image} {image}
Morning Om

feel better today ?
  • #600,243
  • Edited 10:03pm Jun 4, 2021 9:39pm | Edited 10:03pm
Quoting Erebus
{quote} You won't learn schitt here, try this instead... It's only 1 video, but he is REAL, he is CURRENT, he trades LIVE, so watch the most recent videos https://youtu.be/I9B44ZeyzXM
I confirm that. He is for real. I am his follower. i vouch for him. fantastic trader. I have learned a lot from him you tube video's. Try not to thin the person. instead learn about his style, specially the psychology part..
Fools Rushing
  • #600,244
  • Jun 5, 2021 12:44am Jun 5, 2021 12:44am
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No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #600,245
  • Jun 5, 2021 1:16am Jun 5, 2021 1:16am
Quoting gatenio
{quote} just a lot of noise from the young fellas It will past and it will be good as always. It happen from time to time, Let it past have a good weekend.
just use the ignore botton
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yes yes yes
  • #600,246
  • Jun 5, 2021 1:19am Jun 5, 2021 1:19am
Quoting Moty
{quote} just use the ignore botton{image}
Naa.. all good, unless this is a real troll or ignorant guy i can read everything.

The problem in the last weeks that price range between 4100-4250 and some people think they become masters.. so we hear some voices from behind the bushes
  • #600,247
  • Jun 5, 2021 2:37am Jun 5, 2021 2:37am
Quoting NotAtrader
{image}
Actually yes, it is in the charts, in the cadle patterns since more then two weeks (that's why I expect Cable under 1.31)...We may have a summer where we can make pips with some buy on USD. I think a big part of this is about China, they didn't like USDCHN too low, and also some strange move on the Brazilian Real (I don't know why, but they are closing a lot of positions)

The article:
(Adds table, broader positioning) June 4 (Reuters) - Speculators decreased their net short dollar positions in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.

The value of the net short dollar position fell to $17.38 billion in the week ended June 1, compared with a net short of $27.89 billion the previous week.

n a wider measure of dollar positioning that includes net contracts on the New Zealand dollar, Mexican peso, Brazilian real and Russian rouble, the U.S. dollar posted a net short position of $17.95 billion, compared with a net short of $17.05 billion a week earlier.
  • #600,248
  • Jun 5, 2021 2:51am Jun 5, 2021 2:51am
Quoting here2there
{quote} Actually, you don't 'need' to learn how to trade from a 1 minute chart or a 5 minute chart. It is better to stick to the higher time frames in my opinion. If you feel you must use the 1 minute chart or 5 minute chart for trading, then try renko bars. Hutch has an excellent strategy for that.

looking at the movement the past couple of weeks, id say trading the larger time frame has kept me out of the market..I reckon I have saved myself from losing money..I do not think trading 5-minute chart or 1-minute suits my trading style/head, but I'm curious
At the moment I'm looking to increase my knowledge of Elliott way theories

Thanks, for the link
  • #600,249
  • Jun 5, 2021 3:03am Jun 5, 2021 3:03am
Quoting nAVIN2007
{quote} looking at the movement the past couple of weeks, id say trading the larger time frame has kept me out of the market..I reckon I have saved myself from losing money..I do not think trading 5-minute chart or 1-minute suits my trading style/head, but I'm curious At the moment I'm looking to increase my knowledge of Elliott way theories Thanks, for the link
you could have made a killing from the trend
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  • #600,250
  • Jun 5, 2021 3:39am Jun 5, 2021 3:39am
Another prediction for next week.

Friday end at 1.42511 or 1.42820 depending on which variant is in play.
WT
  • #600,251
  • Jun 5, 2021 4:36am Jun 5, 2021 4:36am
Quoting NotAtrader
{image}
could see a rocket to 14250
Insane in the Brain..
  • #600,252
  • Jun 5, 2021 4:49am Jun 5, 2021 4:49am
... and down...
  • #600,253
  • Jun 5, 2021 4:54am Jun 5, 2021 4:54am
Quoting mtako
{quote} Hi mate, thanks. No, at least not yet. Just a major diet change was prescribed. My doctor said it was probably a missed infection that is going away and to not worry. Going in for more tests next week. She seemed baffled so I will be getting a 2nd opinion soon, as I am bloody breathless. Also made the big and stupidly blinding mistake of trading through the night, as I was getting too many strong setups confirmed at last.. Mistake. Health is again more fragile than I thought !

Need to be careful bro, maybe u had covid and this is the side effect?..anyways do rest and maybe take an iron tonic to help build strength..
Tell the doctor to check oxygen level in the lungs also
  • #600,254
  • Jun 5, 2021 5:04am Jun 5, 2021 5:04am
Quoting Pipa1
With the help of NFP ,I TP my LONGS in the area 1.421-1.42250 and sell higher than most "bears" here.You hold a winner now but a looser later this day.That's how the market works,it's over when it's over.When the action will be concluded i'll came back here one more time to take my reward.Don't trade the NFP will be highly volatile and might burn your account.
after check pa for the past 2 week, now i understand why u strongly calling for 4225..

It had been 3 cycle already.. (ranging) every time making new high/low it will retrace hard.. (now we are retrace hard mode to hit your tp)..

Will it be 4th cycle by print new high after retrace to 4140 pipa? Or straight down to 4000? From your tp long

Your different view and analysis are excellent.. keep it up..
Peace Yo!
  • #600,255
  • Jun 5, 2021 6:41am Jun 5, 2021 6:41am
Quoting mrluckystar
{quote} after check pa for the past 2 week, now i understand why u strongly calling for 4225.. It had been 3 cycle already.. (ranging) every time making new high/low it will retrace hard.. (now we are retrace hard mode to hit your tp).. Will it be 4th cycle by print new high after retrace to 4140 pipa? Or straight down to 4000? From your tp long Your different view and analysis are excellent.. keep it up..

Or perhaps the trend was up and what we are seeing is weakness (USD strength), actually the pound is strong which is why it is reluctant to go down however USD is being bought and anything counter this is likely to fall. This is the main reason for shorting. Look at the weekly, compare the previous..what are u seeing?

Now look at EUR and GBP exchange against USD.. i think Euro is 1.2 and GBP is 1.4, can GBP strengthen when it perhaps is already strong..this is the debate?
  • #600,256
  • Jun 5, 2021 6:50am Jun 5, 2021 6:50am
Quoting Techanalyst
{quote} Really... the account balance started from $40,000 at 7am and by 9pm his account was up to $465,000? Are you kidding me? Do you actually believe this nonsense or are you that delusional? Stop watching this nonsense and get real with trading seriously. No real trader would risk that much, even if they day trade or long term trade. You definitely won't learn anything from this video you posted. Stop posting videos like that, you are misleading beginner traders.
It's possible. Depends on the day selection. It should be in the last week of monthly options expiry of Dax, with a strong feeling of 3 or 4 V line rides, using Risk reversal options and trading in spot/futures both buys and sells with same symbol, setting up buy limits and sell.limits in advance with strong view of rotational trades happening that day.
Violent Momentum needed. Symbols capable of generating 3% hi low daily range required. ADR of 250 pc needed?
Practice makes a person perfect
  • #600,257
  • Jun 5, 2021 6:58am Jun 5, 2021 6:58am
The new tax deal from the G7 could see the pound go up more revenue for hmrc
Insane in the Brain..
  • #600,258
  • Jun 5, 2021 7:06am Jun 5, 2021 7:06am
SMART MONEY Increased so much SHORT POSITIONS....
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  • #600,259
  • Jun 5, 2021 7:11am Jun 5, 2021 7:11am
Quoting Erebus
{quote} You won't learn schitt here, try this instead... It's only 1 video, but he is REAL, he is CURRENT, he trades LIVE, so watch the most recent videos https://youtu.be/I9B44ZeyzXM
Since I have done it myself using 3 indices , 1 currecy pair, two synthetic options, and in 3 sessions Asian, European and USA, i can say it is possible . I have 36 yeats of trading experience and owe the proficency to daily.practice manually without using any indicators. I use IB Android platform.
Practice makes a person perfect
  • #600,260
  • Jun 5, 2021 7:21am Jun 5, 2021 7:21am
Daily candle like to bears next week
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