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Cable Update (GBPUSD)

  • #603,981
  • Jun 21, 2021 11:54am Jun 21, 2021 11:54am
Quoting Moty
{quote} Yes, I have finally implemented what is written in my signature, let the market tell you where it is going, and right now it wants up, and there is no such thing as overbought {image}
The gold is showing an movement bearish, better wait for to sell.
Together we can be strongest
Vantage Return This Month: na
  • #603,982
  • Jun 21, 2021 11:54am Jun 21, 2021 11:54am
Quoting gatenio
200 pips and price look really fresh.
not 200 just 150
  • #603,983
  • Jun 21, 2021 11:57am Jun 21, 2021 11:57am
Quoting maheeee
{quote} not 200 just 150
sorry, right
  • #603,984
  • Jun 21, 2021 11:59am Jun 21, 2021 11:59am
Quoting gatenio
200 pips and price look really fresh.
There is a mini resistance at 1.3960 area, I expect this to hold tomorrow.
Data + Stat + Risk/Emotions Management
  • #603,985
  • Jun 21, 2021 12:03pm Jun 21, 2021 12:03pm
Quoting maheeee
next 2 years prediction, GBPUSD analysis -- june 2021 to june 2023 {image} AM THE FIRST HERE PREDICTED FOR 2 YEARS............
Wahala
Patience.....
  • #603,986
  • Jun 21, 2021 12:03pm Jun 21, 2021 12:03pm
Quoting Moty
{quote} Yes, I have finally implemented what is written in my signature, let the market tell you where it is going, and right now it wants up, and there is no such thing as overbought {image}
Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 28 KB
Together we can be strongest
Vantage Return This Month: na
  • #603,987
  • Jun 21, 2021 12:04pm Jun 21, 2021 12:04pm
Quoting Georginson
{quote} There is a mini resistance at 1.3960 area, I expect this to hold tomorrow.
i think asia or ny close will take it back to 1.3895 area.
I may buy it for your level.
  • #603,988
  • Jun 21, 2021 12:09pm Jun 21, 2021 12:09pm
GU

Scalping at H1 Resistance zone.



Attached Image
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #603,989
  • Edited 3:14pm Jun 21, 2021 12:12pm | Edited 3:14pm
Quoting Pat Chiko
GU Set up using Daily TF and H4 for scalping. Waiting for set up. My trading set up is all about robust concepts (e.g. trends, support, resistance, universally understood chart patterns); trading preciseness of numbers amounts merely to variations in timing entries (and exits); given enough time, timing vagaries balance each other out. Only trade by completed set up. Even I may ended Stopped Out in many instances. Yes - outsize buzz can distract us from our plan. There are pro and con in reading thread while trading which can influence your analysis....
Great advice as usual Pat. I totally agree. I love reading this thread and have learnt a lot from it, there are some amazing traders here, but when it comes to scalping I only care about momentum and can see what I need to know on the chart with minimal analysis. My entries are never the most clinical, and many of my exits are terrible, but it doesn't really matter as my plan can survive bad management - and frequently does! When I first joined FF I kept second guessing myself and it took me out of the flow. While it is very gratifying to correctly predict the next move, or be on the side of the right, I find it is better to let the market just do its thing and ride its momentum; it is easy to get attached to a prediction, even when conditions change, and devastating to remain attached to the wrong prediction.

“Averaged out, betting on the quality of business is better than betting on the quality of management. In other words, if you have to choose one, bet on the business momentum, not the brilliance of the manager.” Charlie Munger
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  • #603,990
  • Jun 21, 2021 12:14pm Jun 21, 2021 12:14pm
My Gold trade for the day. DO or Die
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Fools Rushing
  • #603,991
  • Jun 21, 2021 12:25pm Jun 21, 2021 12:25pm
And the engulfing of the chart daily.

Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 38 KB
Together we can be strongest
Vantage Return This Month: na
  • #603,992
  • Jun 21, 2021 12:27pm Jun 21, 2021 12:27pm
Quoting Fredo219
{quote} Wahala
Be like Bicycle
  • #603,993
  • Jun 21, 2021 12:58pm Jun 21, 2021 12:58pm
confluence of support, rn 1.38, fib 78.6 and hidden divergence.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #603,994
  • Jun 21, 2021 1:04pm Jun 21, 2021 1:04pm
took profit 5 pips
switched to short
Attached Image (click to enlarge)
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yes yes yes
  • #603,995
  • Jun 21, 2021 1:21pm Jun 21, 2021 1:21pm
Quoting Moty
took profit 5 pips switched to short {image}
Bullish Engulfing on the daily of GU

I hope this time season can hold till we touch the weak resistance .3945

resistance at 3945
  • #603,996
  • Jun 21, 2021 1:23pm Jun 21, 2021 1:23pm
Quoting OnlineAddict
3800 -> 3980 -> 4100 I expect most people to add shorts on the way up...so it will stay bullish for a while. Might be wrong, of course.
Holding up nicely...3980 is near...maybe tomorrow already.
Everyone can see the chart, but only a few can actually read it.
  • #603,997
  • Jun 21, 2021 1:28pm Jun 21, 2021 1:28pm
Quoting Moty
took profit 5 pips switched to short {image}
At least wait the price cross the MA of the chart M1.

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Together we can be strongest
Vantage Return This Month: na
  • #603,998
  • Jun 21, 2021 2:15pm Jun 21, 2021 2:15pm
Quoting palpite
{quote} At least wait the price cross the MA of the chart M1. {image}
check m30 ma
  • #603,999
  • Jun 21, 2021 2:22pm Jun 21, 2021 2:22pm
Quoting Pretense
{quote} check m30 ma
Is touching the MA200 - M30. Now we need wait the price start the drop for to sell, try to buy not is good yet.
Together we can be strongest
Vantage Return This Month: na
  • #604,000
  • Jun 21, 2021 2:25pm Jun 21, 2021 2:25pm
Quoting Bainbrito
{quote} Great advice as usual Pat. I totally agree. I love reading this thread and have learnt a lot from it, there are some amazing traders here, but when it comes to scalping I only care about momentum and can see what I need to know on the chart with minimal analysis. My entries are never the most clinical, and many of my exits are terrible, but it doesn't really matter as my plan can survive bad management - and frequently does! When I first joined FF I kept second guessing myself and it took me out of the flow. While it is very gratifying to...
Bainbrito, your word constant really got me. I think you have a very good point here.

Most traders have no trading edge, they make a couple of lucky trades, bank a profit, now what they do is common to all of us.
They go big doubling their lot size. Instead of winning, they lose and they lose at twice the rate they won. The profit melts away.
This is a business, the business is about finding your own edge, being logical, not chasing the market and being prepared to keep applying the edge in spite of loosing sometime.

Lose small, cut your losses fast, as fast as you were to close out your winning trades.
Many traders here will hang onto a loss letting it run and run. However they will not let a winning trade do the same.
This imbalance is one of the reason traders fail. They take much bigger losses than wins.
Forex Traders have a tendency to think they are right and the market is wrong, if my trade goes south I am out, the market is telling me I am wrong, listen to the market its is always right.

You have a very good trade taken from the chart. Being able to read charts IS really your skill. I think it’s actually beautiful how you can interpret charts just make sense for the trades.

Keep up the good work, and we can learn a lot from you.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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