"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
Cable Update (GBPUSD)
- #608,562
- Jul 9, 2021 5:04pm Jul 9, 2021 5:04pm
- Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
- #608,563
- Jul 9, 2021 6:00pm Jul 9, 2021 6:00pm
- Joined Oct 2020 | Status: Trader | 14,014 Posts | Online Now
Insane in the Brain..
- #608,564
- Jul 9, 2021 6:05pm Jul 9, 2021 6:05pm
- Joined Jul 2021 | Status: 2022 target achieved! | 1,036 Posts
{quote} my view.. {image}
Daddy, Brother, Lover, Little Boy
- #608,566
- Edited 3:09am Jul 10, 2021 2:54am | Edited 3:09am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} when the market is willing to follow the scenarios, have a nice weekend everyone
interesting..I never new such patterns..what does it mean longer term..
I myself tried to trade both directions and got stopped out! Then yesterday while at work I entered short at around 6pm
entery around 1.3850 was thinking surely the move up has exceeded ADR and the some bitch just kept rising!...like there is nothing to stop it..
Literally reversed
- #608,567
- Jul 10, 2021 3:07am Jul 10, 2021 3:07am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
Only demo :-)
- #608,568
- Jul 10, 2021 3:23am Jul 10, 2021 3:23am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #608,569
- Jul 10, 2021 3:47am Jul 10, 2021 3:47am
- | Membership Revoked | Joined Jun 2021 | 1,876 Posts
How to succeed in zero sum game?
- #608,571
- Jul 10, 2021 4:28am Jul 10, 2021 4:28am
- | Membership Revoked | Joined Jun 2021 | 1,876 Posts
Only demo :-) {image}
How to succeed in zero sum game?
- #608,572
- Jul 10, 2021 6:18am Jul 10, 2021 6:18am
- Joined Aug 2018 | Status: Research Analyst | 4,290 Posts
{quote} interesting..I never new such patterns..what does it mean longer term.. I myself tried to trade both directions and got stopped out! Then yesterday while at work I entered short at around 6pm entery around 1.3850 was thinking surely the move up has exceeded ADR and the some bitch just kept rising!...like there is nothing to stop it.. Literally reversed
Data + Stat + Risk/Emotions Management
- #608,573
- Jul 10, 2021 6:25am Jul 10, 2021 6:25am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #608,574
- Jul 10, 2021 6:55am Jul 10, 2021 6:55am
- Joined Jul 2021 | Status: 2022 target achieved! | 1,036 Posts
{quote} so do you see a drop now?
{quote} interesting..I never new such patterns..what does it mean longer term.. I myself tried to trade both directions and got stopped out! Then yesterday while at work I entered short at around 6pm entery around 1.3850 was thinking surely the move up has exceeded ADR and the some bitch just kept rising!...like there is nothing to stop it.. Literally reversed
Daddy, Brother, Lover, Little Boy
- #608,576
- Jul 10, 2021 8:10am Jul 10, 2021 8:10am
- | Membership Revoked | Joined Jun 2021 | 1,876 Posts
How to succeed in zero sum game?
- #608,577
- Jul 10, 2021 8:24am Jul 10, 2021 8:24am
{quote} On the Weekly nothing new to report. After the big red candle, and the inside (inverted hammer, but certainly not in the correct position to worry about), this week we have a red candle with long shadows, but nothing particularly important. {image} On the Daily we have an Engulfing. It signals us that the retracement we will have some power, but it shouldn't worry much. The power this candle shows signals that it could retrace above 1.40....
The Weekly candle is a bullish signal given the close on the top and the engulfing of the previous candle. This shows once again how strong was the April support below 1.3750.
The length of the last candles does not worry the Bears too much: the bullish signal is there, but it is not as strong as the bearish one of the past weeks
The market moved sideways, correcting after falling from 1.4250 to 1.3730.
As written last week, it would have been too risky for long-term Bears to sell back below 1.3930.
The references for the short entry remain the same as last week. However, it should be noted that the strong reaction of the Bears last Tuesday at 1.3898 takes away some power at 1.3930 as resistance.
At the moment 1.4010 seems like a good place to go short, but it's too early to tell. The order flow on lower TFs, next days, will signal the best area.
On the Daily, the last very long candle, with the close on the top is a really strong signal: next week it will continue to rise to the first strong resistence.
I added the SMA 200 on the Daily chart. This is the most used moving average by large long-term investors, it is used to distinguish easly if the market is bullish or bearish. The fact that it is around 1.3660 area, very close to the April support, is no coincidence. The break of that level will not only confirm the Double Top pattern, but also the bearish market signal for those who use the SMA 200 as a reference
Next week, we have important data regarding inflation in the US, which is a very hot topic.
The yield on bonds is falling, they are bought as the stock market prepares to be sold. This will appreciate USD in the long run
Good luck everyone, be profitable
- #608,580
- Jul 10, 2021 9:00am Jul 10, 2021 9:00am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
{quote}how many your floating loss moty?
yes yes yes