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Cable Update (GBPUSD)

  • #600,361
  • Jun 7, 2021 2:04am Jun 7, 2021 2:04am
Quoting Georginson
{quote} Thanks for the feedback on the research posted. 1.4083 and 1.4249 were the high and low prices of last week being the first 4 trade days in June 2021, so I added and subtracted 205 pips to these prices which gave 1.4388 and/or 1.4044. 205 pips is the lowest range of the last first 9 trade days of the last 12 months (1 year) The 90%, 60% and 20% chances were given based on the number of repetition and ease of attainment of smaller ranges instead of bigger ranges. In summary it is easier to see 205 pips range in the first 9 trade days than...
Thanks for your reply buddy!

Keep up the great work. And I wish you a successful trading week.
  • #600,362
  • Jun 7, 2021 2:04am Jun 7, 2021 2:04am
I think dollar is trying to improve its index against all pairs. As we don't have big news today + interbankers are only players so I don't hope for significant volatility for today.
Try the simple and make it for you ~
  • #600,363
  • Jun 7, 2021 2:06am Jun 7, 2021 2:06am
Good morning Gang,

I hope we had a great weekend

Looking at PA, 1.3973 is on the chart this week. (I mentioned this area last week and will be paying good attention to it)

Until then, Mr Liu can have a field day .
Let's have a productive week gang and remember to be kind, always.
  • #600,364
  • Jun 7, 2021 2:11am Jun 7, 2021 2:11am
Quoting W0lfram
Just remembered a story of some mentor, called ICT, who craped himself up with proving he is a profitable trader using his own methods. It was somewhere on BabyPips. But he make a living from mentoring. ¯\_(ツ)_/¯
Yes , must agree on that.

In fact we have so many expert giving "paid" lesson everywhere in forum and as well in FF.

Beside ICT, there are RTM, Eitan, TRO, Edgetrader, TudorGirl, Haliss, High Liquidity Zone FX or HLZ.FX on Instagram, Alfonso Moreno SND, Mansor Sapari QM Master and many more.

You can find more from this thread.
Scammers - Hall of Shame | Forex Factory

My take on this, that they offer the lesson (with subscription) because many are willing to do so. Calling them scammer, maybe you're right, but the people who are paying should be aware that those educator are not real traders. They are good for academic purposes only and most of the chart set up are based on "Hindsight". (Cherry pick example are used)

Moving on, I read most of the lesson given by the so call scammer above. I take whatever useful for me and leave that are not.
Make my own trading strategy out of this to suit my trading styles and limitation.

We may choose to dislike them, but some knowledge they given are are useful,(not all).

Take it and adapt to your trading styles.

My 2 cents views on Forex Educator.

Peace
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #600,365
  • Jun 7, 2021 2:15am Jun 7, 2021 2:15am
buy - 1.4120
Together we can be strongest
Vantage Return This Month: na
  • #600,366
  • Jun 7, 2021 2:19am Jun 7, 2021 2:19am
Quoting Wavegarrick
{quote} Hi Guys, Yes indeed, Nfp was another headache. No one could have anticipated another bad or less favorable outcome. Having said, I am treating this as another good opportunity to get into short trades from a daily perspective. Anyway, I know my tolerance levels and I don't suggest anyone follow me. Swing trading is never an easy feat. Have a great weekend folks. Cheers {image}
Hi Guys,
I am getting subtle bearish signals from a daily perspective and will look to add short trades towards my daily pivot at 1.41493. Test the water sell trade opened.

Have a great week,
Cheers
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Trade to trade another day
  • #600,367
  • Jun 7, 2021 2:20am Jun 7, 2021 2:20am
Buyer zone 1.40950
  • #600,368
  • Jun 7, 2021 2:21am Jun 7, 2021 2:21am
She go down in the end
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yes yes yes
  • #600,369
  • Jun 7, 2021 2:27am Jun 7, 2021 2:27am
Quoting Moty
She go down in the end {image}
Hi M,

IMO, I will continue to hunt for shorts only as I think more pressure will follow through sooner or later.
Big picture, we still have last year's lows to be faded as we have faded this year's HIGH.

This should be interesting OP for swing and perhaps position traders.

Take Care
  • #600,370
  • Jun 7, 2021 2:27am Jun 7, 2021 2:27am
Quoting Georginson
{quote} Thanks for the feedback on the research posted. 1.4083 and 1.4249 were the high and low prices of last week being the first 4 trade days in June 2021, so I added and subtracted 205 pips to these prices which gave 1.4388 and/or 1.4044. 205 pips is the lowest range of the last first 9 trade days of the last 12 months (1 year) The 90%, 60% and 20% chances were given based on the number of repetition and ease of attainment of smaller ranges instead of bigger ranges. In summary it is easier to see 205 pips range in the first 9 trade days than...
Hey buddy!

Going through your work, I realized the plus or minus 205 doesn't necessarily have to start from the highs and lows of the previous week. In my understanding, the range of the upcoming week could be better estimated using the open price of the new week. In this instance, 1.4150 +/- 205 pips

Let me know your thoughts.
  • #600,371
  • Edited 2:50am Jun 7, 2021 2:31am | Edited 2:50am
Quoting Pat Chiko
{quote} Thanks for the observation Navk. Re analyse the chart again and looking possible entry point marked on the chart. SRF level just below. With regards to S&D zone, we may have to seek mysterio opinion on the validity of the particular Demand zone. {quote} Attached chart ; stopped out trade with Flag Limit area. {image} This trade has been stopped out.
Hi Pat yea I think its a good zone to look for confirmation to buy in for a small intraday move I think but I remain convinced we're going below the range this week because of the situ on the dollar

If you drill down to the m5 for a more precise zone it's bouncing from the same accumulation area I posted for a buy on Fri

Sorry just using my phone again today so not ideal. Just newbie opinion

Opening sells here probs not great either because we're at the discounted side of the range, but if we create a supply area that overwhelms this level then I might add sells there, what do you reckon about the situation ?

We might have a selling area here 1.4140-50 on h1 too just watching m5 to see what happens
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  • #600,372
  • Jun 7, 2021 2:34am Jun 7, 2021 2:34am
Long @1.4135 [email protected]
  • #600,373
  • Jun 7, 2021 2:36am Jun 7, 2021 2:36am
Short in at 1.4135 and 32
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Don't trade what you think. Just what you see!!!
  • #600,374
  • Jun 7, 2021 2:37am Jun 7, 2021 2:37am
Attached Image (click to enlarge)
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yes yes yes
  • #600,375
  • Jun 7, 2021 2:38am Jun 7, 2021 2:38am
Buying again from the retest 1.41250........ next hour.till then expecting a choppy condition.
Fools Rushing
  • #600,376
  • Jun 7, 2021 2:41am Jun 7, 2021 2:41am
Quoting Theoak
Short in at 1.4135 and 32 {image}
you should wait for this hour to close..
  • #600,377
  • Jun 7, 2021 2:43am Jun 7, 2021 2:43am
Quoting DailyChart
Long @1.4135 [email protected]
Uhm, No intention to jinx your trade DC but I have my big finger out for more shorts at 1.41427 (If it retests it).. Now that I think about it, you mostly scalp so you should not even think or worry about my trade.

Looking at the weekly after the yearly HIGH fade, I think Honorable Liu may be aggressive this week. I just don't know when he will show up
  • #600,378
  • Jun 7, 2021 2:43am Jun 7, 2021 2:43am
GU

Have to wait for London open.

Observing Price Action on H4 & M30 TF.

First rejection on H4.

Price may retest the same level.

Meanwhile it creeping upward. Need to see the retest before entring long

Wait until trade set up to complete to make my entry.

Stay calm, stay focus guys

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #600,379
  • Jun 7, 2021 2:46am Jun 7, 2021 2:46am
Quoting Pat Chiko
GU Have to wait for London open. Observing Price Action on H4 & M30 TF. First rejection on H4. Price may retest the same level. Meanwhile it creeping upward. Need to see the retest before entring long Wait until trade set up to complete to make my entry. Stay calm, stay focus guys {image} {image}
sang? what the hell?
  • #600,380
  • Jun 7, 2021 2:46am Jun 7, 2021 2:46am
Quoting gatenio
{quote} you should wait for this hour to close..
Good point. Lets hope it does not break the high!!!
Don't trade what you think. Just what you see!!!
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