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Cable Update (GBPUSD)

  • #608,721
  • Jul 12, 2021 6:09am Jul 12, 2021 6:09am
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lookig for long post ? just wait until the price break yesteray low, :*
Using Chaos to Finding Order
  • #608,722
  • Edited 6:29am Jul 12, 2021 6:15am | Edited 6:29am
Quoting IBabyTrader
{quote} Good call. Might be a dumb question, but excuse the newbie : How do you get those supply and demand zones? Where do I find them?
They're just manually drawn

Basically just looking for zones that create strong moves and that take out other zones or a TL, mainly looking at the H1/H4/D1 charts for turning points and m5 for scalping as long as you're going with the intraday trend or at a reversal point

The idea is to look out for where the 'big' buyers and sellers are located with the expectation they either have orders still resting there or will become interested at the same price. The more times the zones are hit the more of the orders are absorbed so my expectation is for the above supply to be removed next test, but anything can happen

Check this thread and youtube

https://www.forexfactory.com/thread/...nal-order-flow

I possibly FOMOd into this buy. We have an m5 channel so will move my stop below the lower bound. A breakout of the small channel is better confirmation for me
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  • #608,723
  • Jul 12, 2021 6:15am Jul 12, 2021 6:15am
I’m still seeing bullies in control of the market... now we at a Support Zone on the 4HR and also “A Dynamic Resistance turned Dynamic Support as well... So we go LONG!
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My telegram: https://t.me/avidforex
  • #608,724
  • Jul 12, 2021 6:19am Jul 12, 2021 6:19am
Quoting Moty
long !!!!!!!!!!!!! {image}
too risky!
Algos Coder
  • #608,725
  • Jul 12, 2021 6:22am Jul 12, 2021 6:22am
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yes yes yes
  • #608,726
  • Jul 12, 2021 6:28am Jul 12, 2021 6:28am
Quoting 19monza64
{quote} Don't worry we will win. {image}
Banks Holiday???. HAHAHAHAHAH!!!!!

Attached Image


YESSSSSS!!!!!


It's arrived at home ....

Attached Image
  • #608,727
  • Edited 6:52am Jul 12, 2021 6:29am | Edited 6:52am
Been a member long time but thought i would share my ideas and learn from my mistakes.
Going bear waiting for a bounce at 200sma with resistance on fib. Once TP is taken i''ll reverse my order for a quick scalp or until trailing hits.

Is it valid thinking?
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  • #608,728
  • Jul 12, 2021 6:31am Jul 12, 2021 6:31am
Quoting IBabyTrader
{quote} Good call. Might be a dumb question, but excuse the newbie : How do you get those supply and demand zones? Where do I find them?
try these ones to start.., then decide if this is your way of trading
Attached File(s)
File Type: ex4 SupDem.ex4   13 KB | 262 downloads
Attached File(s)
File Type: mq4 shved_supply_and_demand(1).mq4   29 KB | 300 downloads


dolce vita
  • #608,729
  • Jul 12, 2021 6:32am Jul 12, 2021 6:32am
...85.4% 3940-3731 @ the current dly lo...price @ the current dly lo just touching top of the prev 4hr sw hi zone = prev res = pot rbs that extends down to 3822. 50% of Friday's lo to today's current hi (3754-3910) @ 3832, with 50% 3741-3910 @ 3823.

4hr below.
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Trader with an Edge.
  • #608,730
  • Jul 12, 2021 6:32am Jul 12, 2021 6:32am
Quoting KiwiTrada
{quote} 1 39000 is psych level very strong, you might be waiting awhile for 1. 39300 I am happy to defend 1 39 with nice cheap entry :-)
time to micro manage, waiting for bigger dump!!!
If you are new to Forex? Say Goodbye to your account!!
  • #608,731
  • Jul 12, 2021 6:33am Jul 12, 2021 6:33am
Quoting 19monza64
{quote} Banks Holiday???. HAHAHAHAHAH!!!!! {image} YESSSSSS!!!!! It' arrived at home .... {image}
Great Chiesa!!! Best player in the world!
Algos Coder
  • #608,732
  • Jul 12, 2021 6:35am Jul 12, 2021 6:35am
Quoting babayaga
{quote} try these ones to start.., then decide if this is your way of trading{file}{file}
Yeah I've seen people use these MT4 indis, they look pretty good to me. I don't use MT4 but worth checking out. Like any method you gotta combine it with things (for me mainly price action and divergence, some fib), practice, use your own experience etc. There's no magic method.
  • #608,733
  • Jul 12, 2021 6:38am Jul 12, 2021 6:38am
Quoting losja
{quote} Great Chiesa!!! Best player in the world!
It's also my favorite.

Against England I was 1000% sure we would win, because they have never won anything. Against Spain at 99%.
  • #608,734
  • Jul 12, 2021 6:40am Jul 12, 2021 6:40am
Considering going bearish only after 1.3755 is broken. Close below this price level will make way for 1.3565 as the next target. Further breach, then we headed for 1.3450 Fingers crossed for this one.

Happy Trading!
  • #608,735
  • Jul 12, 2021 6:42am Jul 12, 2021 6:42am
... looking a little bit closer in 1hr is below.....30min prev sw lo zone shown also @ today's current dly lo - the current pullback lo of the move up which may firm up into a prev 1hr sw lo zone @ the next Hrly close.
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Trader with an Edge.
  • #608,736
  • Jul 12, 2021 6:44am Jul 12, 2021 6:44am
Quoting 19monza64
{quote} It's also my favorite. Against England I was 1000% sure we would win, because they have never won anything. Against Spain at 99%.
You didn't know what is the ball against Spain... You just knew (and we) who is Chiesa! Don't make those type of 99% conclusions in trading. haha

Congratulations!
Algos Coder
  • #608,737
  • Jul 12, 2021 6:48am Jul 12, 2021 6:48am
Quoting corongumet
Now first trade this week Sell Stop: 1.38640 (activied) TP: 1.38225 SL: 1.39115 Buy stop: 1.39115 SL: 1.38640 TP: 1.39530 I cant show you my chart, its only mathematical calculation. (And my filter RSI 14 and stochastic (14, 3,3) TF H4.)
I hope it couldbe help. I think to early to take long except scalp, maybe if you want to take a long bellow my short target, or my above my pending buy.
  • #608,738
  • Jul 12, 2021 6:50am Jul 12, 2021 6:50am
my buy target 3945.

stop 3842
Intraday only.
  • #608,739
  • Jul 12, 2021 6:51am Jul 12, 2021 6:51am
Dxy preparing to dump hard
  • #608,740
  • Jul 12, 2021 6:51am Jul 12, 2021 6:51am
I jumped the gun this morning however I’m still bullish for the early part of the week. 5pm news conference about lifting nearly all restrictions should help push towards 139 again
Insane in the Brain..
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