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Cable Update (GBPUSD)

  • #601,901
  • Jun 11, 2021 12:58pm Jun 11, 2021 12:58pm
Quoting navk
{quote} The reason for my scenario B is this. {image}
hello navk can you pls share indicator on this chart? the arrow. thank you
  • #601,902
  • Jun 11, 2021 12:58pm Jun 11, 2021 12:58pm
Had a good day with split positions and Heiken Ashi - closed the 3rd position a bit early but I had to go out and wicks were forming below on a different chart.
I usually disregard the plan and close at 10 pips or so anyway, so pretty happy with this. Heiken Ashi is growing on me a lot as a filter before looking at details that can be fragmented and decontextualised too easily. It was a candlestick chart that gave me the exit signal, but it's not here, and there's not a buy in sight either.
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  • #601,903
  • Jun 11, 2021 1:03pm Jun 11, 2021 1:03pm
Quoting palpite
{quote} Just wait the price cross above the ma and you have the point for to buy. {image}
Unleash the Beast >>>>>>>>>>>>>
Fools Rushing
  • #601,904
  • Jun 11, 2021 1:09pm Jun 11, 2021 1:09pm
Quoting Pat Chiko
{quote} The trash talk is obviously a joke FF : this is not for any commercial reason. When traders get to Friday, they look forward to enjoy it. Thanks FF for understanding.
Hi Pat,
Very glad to see you go back to a high-impact member. Your posts are a testimony and a great example for intraday traders. You are selfless in your knowledge and answer all questions. I don't see you as a person with an agenda, so keep on going. Together we will all make this a better place.
Enjoy your weekend.
Cheers.
Trade to trade another day
  • #601,905
  • Jun 11, 2021 1:11pm Jun 11, 2021 1:11pm
Quoting Wavegarrick
{quote} Hi Pat, Very glad to see you go back to a high-impact member. Your posts are a testimony and a great example for intraday traders. You are selfless in your knowledge and answer all questions. I hardly see you as a person with an agenda, so keep on going. Together we will all make this a better place. Enjoy your weekend. Cheers.
agree. good scalper
  • #601,906
  • Jun 11, 2021 1:12pm Jun 11, 2021 1:12pm
possible bounce from the ascending trendline in H16.
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  • #601,907
  • Jun 11, 2021 1:16pm Jun 11, 2021 1:16pm
Hey. Potential trade setup. Had to execute it, though it's the weekend. Tight SL in Place. Have a nice weekend people !
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Fools Rushing
  • #601,908
  • Jun 11, 2021 1:23pm Jun 11, 2021 1:23pm
Quoting ruben247
{quote} maestro, can you pls shed more light on how you figured this 1.4184? you kept saying it repeatedly
I can give you my version as to why 1.4184 should remain the highest price level in this session.
Take a look at the two resistance lines in white. The point they cross each other is 1.4184.

I wish I can see the JB’s reasoning…

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No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #601,909
  • Jun 11, 2021 1:24pm Jun 11, 2021 1:24pm
Quoting palpite
{quote} Price below the MA, MACD below zero and you are buying. "don't try to tell the market where to go , let him tell you" - Moty.
But i told him to go down and it did
Now i am telling him to go up
yes yes yes
  • #601,910
  • Jun 11, 2021 1:28pm Jun 11, 2021 1:28pm
Quoting palpite
{quote} Just wait the price cross above the ma and you have the point for to buy. {image}
Waiting for to buy.

Attached Image (click to enlarge)
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Together we can be strongest
Vantage Return This Month: na
  • #601,911
  • Jun 11, 2021 1:33pm Jun 11, 2021 1:33pm
Quoting navk
{quote} The reason for my scenario B is this. {image}
Very valid...
Data + Stat + Risk/Emotions Management
  • #601,912
  • Jun 11, 2021 1:42pm Jun 11, 2021 1:42pm
Quoting Moty
{quote} But i told him to go down and it did Now i am telling him to go up
It's ok. I bought and the target will be the MA50 - M15.

Attached Image (click to enlarge)
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Together we can be strongest
Vantage Return This Month: na
  • #601,913
  • Jun 11, 2021 1:44pm Jun 11, 2021 1:44pm
Quoting ruben247
{quote} maestro, can you pls shed more light on how you figured this 1.4184? you kept saying it repeatedly
Hey R,

For some reason, I was not going to post a chart on here for a while but because it may help you understand and probably learn, here you go. It's really easy if you know what to look out for in historic PA. Attached below, you will notice I was only interested in PRICE and not the wicks. I have seen this happen a whole lot of times. If you also invest in screen time, you will find a lot of recurrences.

I am a bad teacher but I hope I managed to illustrate properly.
Enjoy your weekend and be KIND.
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  • #601,914
  • Jun 11, 2021 1:44pm Jun 11, 2021 1:44pm
Quoting palpite
{quote} It's ok. I bought and the target will be the MA50 - M15. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 32 KB
Together we can be strongest
Vantage Return This Month: na
  • #601,915
  • Jun 11, 2021 1:50pm Jun 11, 2021 1:50pm
Looks like we are in for a very heavy reversal from daily perspective which will filter down to lower t/fs

Last minor higher low on daily has broken to the down side but there is a bit of a twist to this scenario as i think we will see another smaller swing up to complete the B of a very big ABC reversal

Chart to follow
Follow The Markets Structure - Patience and Discipline
  • #601,916
  • Jun 11, 2021 1:52pm Jun 11, 2021 1:52pm
Quoting NotAtrader
{quote} I can give you my version as to why 1.4184 should remain the highest price level in this session. Take a look at the two resistance lines in white. The point they cross each other is 1.4184. I wish I can see the JB’s reasoning… {image}
The main reason I believe there are many ways to skin this cat. Now, that's a great confluence and it's thrilling that we arriving at the same level.
Good job on your TA bro.

I think this would be it for the day?. Perhaps more decline till MC.



Have not been out for a while, I think I might indulge in a bit of alcohol consumption tonight. (Wife issued a short duration visa)
Have a great weekend bro

Cheers
  • #601,917
  • Jun 11, 2021 1:57pm Jun 11, 2021 1:57pm
Quoting palpite
{quote} {image}
tp - 1.4124

Attached Image (click to enlarge)
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Together we can be strongest
Vantage Return This Month: na
  • #601,918
  • Jun 11, 2021 2:01pm Jun 11, 2021 2:01pm
Quoting JayBag
{quote} Hey R, For some reason, I was not going to post a chart on here for a while but because it may help you understand and probably learn, here you go. It's really easy if you know what to look out for in historic PA. Attached below, you will notice I was only interested in PRICE and not the wicks. I have seen this happen a whole lot of times. If you also invest in screen time, you will find a lot of recurrences. I am a bad teacher but I hope I managed to illustrate properly. Enjoy your weekend and be KIND. {image}
All traders know there are two possible directions UP and DOWN.
Few traders know which direction the price will go.
There are many roads to Roma, but they all lead eventually to Roma.
I just wonder how comes most of the times me and you meet in Roma.

Continue to share your knowledge bud. Transfer of knowledge is one of the most powerful efforts that helps people open their eyes and think out of the box to understand things which will help them become better than their teachers.

Keep it up bro.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #601,919
  • Jun 11, 2021 2:05pm Jun 11, 2021 2:05pm
Quoting pipfarm
Looks like we are in for a very heavy reversal from daily perspective which will filter down to lower t/fs Last minor higher low on daily has broken to the down side but there is a bit of a twist to this scenario as i think we will see another smaller swing up to complete the B of a very big ABC reversal Chart to follow

Here is the chart

As you can see on the daily timeframe this is the first time the minor higher low has broken to the downside during the whole up cycle btw this has nothing to do with elliott waves, it could have been any number of higher low minor swings, the important point to note is the break down of the last minor higher low within the larger cycle

Attached Image (click to enlarge)
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Will take a look at what is happening with the break down using the 4 hour timeframe in the next post
Follow The Markets Structure - Patience and Discipline
  • #601,920
  • Jun 11, 2021 2:08pm Jun 11, 2021 2:08pm
Quoting JayBag
{quote} The main reason I believe there are many ways to skin this cat. Now, that's a great confluence and it's thrilling that we arriving at the same level. Good job on your TA bro. I think this would be it for the day?. Perhaps more decline till MC. Have not been out for a while, I think I might indulge in a bit of alcohol consumption tonight. (Wife issued a short duration visa) Have a great weekend bro Cheers
Fantastic bro. I already got my Baileys with Ballantine's 1:1. Try it. Another one exotically good is Whiskey + Campari + Martini 1:1:1 + Ice Cubs. That is my favorite. Very exotic and very refreshing.

Nice weekend bro. Lets make more money next week.
No username yet? You are on my ignore list. Fuck off and do not quote me!
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