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Cable Update (GBPUSD)

  • #604,521
  • Jun 23, 2021 11:35am Jun 23, 2021 11:35am
we could make a little head and shoulders pattern
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  • #604,522
  • Jun 23, 2021 11:40am Jun 23, 2021 11:40am
This is for people who use BIGGER time frames. Not me though. But interested to see the bigger picture. IMHO, GU ain't turned bearish at all considering the daily/weekly/monthly. It is consolidating and ranging to provide us with a clear trend. UP or DOWN. and also once that trend is formed I know few guys who will have their dream cars. ** Not me of course** I think, they are of on FF as well. Don't ask me who.
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Fools Rushing
  • #604,523
  • Jun 23, 2021 12:02pm Jun 23, 2021 12:02pm
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yes yes yes
  • #604,524
  • Jun 23, 2021 12:06pm Jun 23, 2021 12:06pm
Quoting Pretense
Going to bed. Stop loss with small profit locked in above falling slope on m5 1.3971. No TP set, hope to wake up to below 1.39. Night all {image}
Did get taken out but woke up for a better entry after bouncing off the 38.2 fib, Will most likely stack another short after 1.395 is broken
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  • #604,525
  • Jun 23, 2021 12:07pm Jun 23, 2021 12:07pm
Quoting MTF Test
This is for people who use BIGGER time frames. Not me though. But interested to see the bigger picture. IMHO, GU ain't turned bearish at all considering the daily/weekly/monthly. It is consolidating and ranging to provide us with a clear trend. UP or DOWN. and also once that trend is formed I know few guys who will have their dream cars. ** Not me of course** I think, they are of on FF as well. Don't ask me who. {image}
Hi MTF,

Funny you mentioned the 3 HTF that clearly suggests BEAR.
HTF excites me hence I could not help but quote you lol.

IMHO, Bear is in plain sight and may only be visible to many when it's rather too late. (A handful on here can see it though)

We have two significant levels to deal with and those are 1.37146 and 1.3200. We have bounced off 1.37146 and went to test the TOP and well, the price failed to crack it. This kind of PA clearly suggests a test of the second SIG level which is 1.3200. I do not drive price but this is how I am expecting the price to behave in a few days/weeks.

I'd illustrate with a chart but your chart pretty much sums it. I guess we can look at the same chart and see completely different things.

Take Care bro
  • #604,526
  • Edited 12:40pm Jun 23, 2021 12:10pm | Edited 12:40pm
Quoting MTF Test
This is for people who use BIGGER time frames. Not me though. But interested to see the bigger picture. IMHO, GU ain't turned bearish at all considering the daily/weekly/monthly. It is consolidating and ranging to provide us with a clear trend. UP or DOWN. and also once that trend is formed I know few guys who will have their dream cars. ** Not me of course** I think, they are of on FF as well. Don't ask me who. {image}
You can't be more correct Brother MTF. Can't remember if i specific here that GU isn't bearish yet on D1 and W1. Though Monthly is bearish. Which made me sort of say i see 1.43. If you check monthly chart, you will definitely see history repeating itself with some consolidations between 1.37 and 1.42 areas or so. While i favor downtrend, it isn't done yet with uptrend as to really confirm downtrend, 1.36 needs to be breached.
Well you see as my homogenous problem remains to hold my trades longer
  • #604,527
  • Jun 23, 2021 12:14pm Jun 23, 2021 12:14pm
Quoting Pat Chiko
{quote} GU Once the price action has broken through the SNR zones they nearly always pull back to the SNR level to retest it, some time it doesn't quit get there other times it just keep going. But as time goes on you will be able to pick the moves really well, it just takes dedication and time to learn, just keep at it and dont stop. You will be richly rewarded in the end. {image}

GU

If the trend we are seeking to trade is short, we want to wait for a North retracement to jump on board, but where?
We can look to the fibs, candle patterns, what nots but we are confident that as long as the trend is alive it should not run out the north end zone before it scores a touch down.

Is it here where we divide our troops, just a few scouts in the shallow retracements holding the reserves for the deeper ones with a better risk reward ?

The dance imho, is surfing the waves in the direction of the tide. You can ask more on wave secret from the Wave Master Wavegarrick's

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #604,528
  • Jun 23, 2021 12:17pm Jun 23, 2021 12:17pm
mark my wards
price will close between 1.39755 and 1.39870
yes yes yes
  • #604,529
  • Jun 23, 2021 12:18pm Jun 23, 2021 12:18pm
Quoting JayBag
{quote} Hi MTF, Funny you mentioned the 3 HTF that clearly suggests BEAR. HTF excites me hence I could not help but quote you lol. IMHO, Bear is in plain sight and may only be visible to many when it's rather too late. (A handful on here can see it though) We have two significant levels to deal with and those are 1.37146 and 1.3200. We have bounced off 1.37146 and went to test the TOP and well, the price failed to crack it. This kind of PA clearly suggests a test of the second SIG level which is 1.3200. I do not drive price but this is how I am...
Of course. Your right. Ain't you the guy who's gonna get that half mil electric tesla. brother.

PS. Bear is in sight. Yet we may require 1.36650 to taken out I guess. I am learning dude.
Fools Rushing
  • #604,530
  • Jun 23, 2021 12:29pm Jun 23, 2021 12:29pm
Quoting MTF Test
{quote} Of course. Your right. Ain't you the guy who's gonna get that half mil electric tesla. brother. PS. Bear is in sight. Yet we may require 1.36650 to taken out I guess. I am learning dude.
To me, If/when 1.37146 is out the way, the rest SR would become insignificant till 1.3200
I quoted you as a PRO, not as a learner at all. You have mastered M1 - M5 and I think they are all the same.

As for the Tesla, I am not the guy getting the half a mili car ooo... However, I actually can't wait for it to be officially here in ZA. I am definitely getting one of those to save on fuel in the long run and for a more quiet drive

TC
  • #604,531
  • Jun 23, 2021 12:38pm Jun 23, 2021 12:38pm
Quoting JayBag
{quote} To me, If/when 1.37146 is out the way, the rest SR would become insignificant till 1.3200 I quoted you as a PRO, not as a learner at all. You have mastered M1 - M5 and I think they are all the same. As for the Tesla, I am not the guy getting the half a mili car ooo... However, I actually can't wait for it to be officially here in ZA. I am definitely getting one of those to save on fuel in the long run and for a more quiet drive TC
Cheers bro.
one thing I cannot imagine is how you guys wait for so long. Tried few trades. I felt like kill myself with all those emotions, bang my head and ultimately closed with loss. Bravo for you and few others who are long timers.
Fools Rushing
  • #604,532
  • Jun 23, 2021 12:44pm Jun 23, 2021 12:44pm
Quoting ChiForex
I leave for a month then come back to see same BS trading all over here!! One that buys the pair at high after it reached as low as 1.3860 where were you??!! Or another who sets Tp at decisive price levels then cries why it didn't hit it. Some will stay here on ff forever but learn nothing

Imagine a poker tournament where each participant has the same level of knowledge/skill.. is it worth playing ? the important is to keep cheerful and don't take things personally..
You solve nothing by blaming.
Help them to learn to trade correctly.

Cheers

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #604,533
  • Jun 23, 2021 1:13pm Jun 23, 2021 1:13pm
Quoting Moty
mark my wards price will close between 1.39755 and 1.39870
my guess
1.3940th
dolce vita
  • #604,534
  • Jun 23, 2021 1:24pm Jun 23, 2021 1:24pm
Quoting Georginson
{quote} Jaybag made one powerful statement which I find absolutely valid 'forex trading as an 'investor' building up positions to align with medium/long term trend as against forex as a 'trader' based on short term opportunities. Forex trading an investor seem better for long term sustainability.
I agree, day by day I am starting to realize that day trading for me feels like something very tiring, however I consistently earn there are days that I just return to the market a lot of money from the profits. When you are trying to slaughter the chart in the small time frames I will eventually will make my mistakes, because factually I am not able to predict any move, and when im on the chart most of time of the day this is addicting..
i believe this is a life cycle of a trader, small tf’s as a beginner to higher tf’s when you are getting older by age and by experience.
i hope i will be able to do my next step to daily/weekly chart soon

cheers
  • #604,535
  • Jun 23, 2021 1:28pm Jun 23, 2021 1:28pm
Hi everybodi,

last 3 days trades.

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Green pips to all and God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #604,536
  • Jun 23, 2021 1:31pm Jun 23, 2021 1:31pm
I see that someone has temporarily suspended the entertainment
  • #604,537
  • Jun 23, 2021 1:33pm Jun 23, 2021 1:33pm
Quoting Wavegarrick
{quote} Hi Guys, From a daily perspective, I am setting up for a nice sell trade. {image}However, when I zoom into the hourly t/frame the following becomes apparent. I will be looking for a retest of my daily pivot at 1.38823. If price smashes through 1.38823 and more importantly 1.38500 I can feel more confident with my short trades. If it holds today we could be heading towards 1.3950 or 1.4000. I will lock in as soon as I can with my short trades. {image} Trade safe, Cheers.
Hi Guys,
So far so good with short trades added from 1.39860 up to 1.40000, all are good and locked in. We are in a bearish rising wedge from a daily perspective and I hope for a break of the bottom rising trendline. I am in a bearish cycle. Time is a factor here and I wait it out.
Trade safe.
Cheers.
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Trade to trade another day
  • #604,538
  • Jun 23, 2021 1:35pm Jun 23, 2021 1:35pm
Quoting Wavegarrick
{quote} Hi Guys, So far so good with short trades added from 1.39860 up to 1.40000, all are good and locked in. We are in a bearish rising wedge from a daily perspective and I hope for a break of the bottom rising trendline. I am in a bearish cycle. Time is a factor here and I wait it out. Trade safe. Cheers. {image}
I share same mindset
  • #604,539
  • Jun 23, 2021 1:42pm Jun 23, 2021 1:42pm
i will wait to see an hourly close rejected from 1.4 level or breaks this level
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yes yes yes
  • #604,540
  • Jun 23, 2021 1:48pm Jun 23, 2021 1:48pm
Quoting gatenio
{quote} I agree, day by day I am starting to realize that day trading for me feels like something very tiring, however I consistently earn there are days that I just return to the market a lot of money from the profits. When you are trying to slaughter the chart in the small time frames I will eventually will make my mistakes, because factually I am not able to predict any move, and when im on the chart most of time of the day this is addicting.. i believe this is a life cycle of a trader, small tf’s as a beginner to higher tf’s when you are getting...

for me .. theres no cycle or what so ever , start as daily,,getting older and become a swing weekly monthly trader.

trade a system that suits you best..
dont thing too much about others trade.
swing.. long term, short term,, weekly, monthly, scalp daily, h4, h1, m15 even m1 etc
include tp or sl.. take it what suits your MM.

thats all
its not easy
*its not that kinda hard also.. if its really hard to cook something .
you better out of the kitchen.

dont mean to offend . peace. sorry..
you can ignore me if you like.
Trade with prediction = witch with her visions lol
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