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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

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Like me, cuts losses quickly. But has more patience and lets his winn
Quoting M.Fadly
{image}
that too line is about 40 more than I was looking at but if it happens it’s be bloody marvellous!
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Quoting mysterio
{quote} Yeah love TLs and channels especially great for cable, again TLs you just gotta learn to work around them are they are rife with manipulation especially on higher TF Yeah agreed you just need to pick one or two things that make sense to you and practice a lot really
TL..,
I think it's a nice example of "when some old TL comes in play..."
4H.., she (cable) between two TL and for me right now there is no confirmation UP until cable will passed "this old one", because otherwise price will be back at 1.3820 and then 1,3750th
...she was already above.., and then returned under
now trend line is around 1.3890th

do I have to write that I respect old TL.., isn't it clear yet...
P.S. daily chart in addition.., I think I have already posted this chart few days ago.., doesn't matter
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dolce vita
... Just updating charts before bedtime. Gmt+3 daily candle closes as below...you can see on this dly t/f that price found support on the pullback from the dly hi of 3910 @ the prev sw hi (=prev res = potential rbs) and topside of the breached descending t/line (also top of a prev 4hr sw hi zone = pres res = pot rbs) resulting in a further run-up before encountering more supply in the prev 1hr/4hr sw hi zone created by today's hi @ the descending t/line that joins that hi from 4185, (shown on 4hr chart below the dly, below.)

Is 4hr going into an uptrend too, (with 1hr?) Last fractal prints on this t/f starting @ Friday's 3741 lo are LL, LH, HL, H, HL, LH...so 2 x HL's but no HH as yet, or do we have a double top?

Dly, then 4hr below.
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Intraday (mainly) swing scalper via a Supp/Res & PA based edge
Tp is 1.3900-1.39174
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Potensial double topper. Lets see how it work
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
Quoting Moty
{image}{image}
wow signs of a very bad trader, insanity is doing the same thing over and over and expecting a different outcome!!!!!!!!!!!!!
you are clearly focused on maximizing return- badly
Why dont you focus on minimizing loss
according to your chart entry 9036 .10 lot and 8537 .15 lot close them now and all red trades will be covered with decent profit, put sl on 1549, 1729 @ BE + 5 pips 3867 & ????(cant see) @ BE all other put sl @ sub 3871 or close,
Buying a strong psych level 1 39000 1hr 4hr daily and weekly previous highs was impatient poorly planned and plain stupid
weekly has new high supports bullish
daily yesterday is bearish doji
4hr has bearish doji inplay high 3903, previous 4hr high 3908, psych 3900 all in play as resistance
So do as I say, you are in profit, plus risk averse with trades still live with potential to appreciate, whatever pa does
Dont do it, market dumps, you will drown in drawdown even worse
Im no say market will go up or down, just suggesting a simple rescue plan
:-)
If you are new to Forex? Say Goodbye to your account!!
i close long position
new postion short 1.38900 sl 25 pip
tp 1.37310
Like me, cuts losses quickly. But has more patience and lets his winn
Quoting KiwiTrada
{quote} wow signs of a very bad trader, insanity is doing the same thing over and over and expecting a different outcome!!!!!!!!!!!!! you are clearly focused on maximizing return- badly Why dont you focus on minimizing loss according to your chart entry 9036 .10 lot and 8537 .15 lot close them now and all red trades will be covered with decent profit, put sl on 1549, 1729 @ BE + 5 pips 3867 & ????(cant see) @ BE all other put sl @ sub 3871 or close, Buying a strong psych level 1 39000 1hr 4hr daily and weekly previous highs was impatient poorly...
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Quoting Moty
{quote} {image}{image}

1 minute your short and 1 minute you are long, joke
Drop is what I am looking below 3895.

Yeah, my bag is emty to fill up.
Intraday only.
Scalping short on Asia session
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Quoting Moty
{quote} {image}{image}
??? doesnt matter what timeframe, they dont support your "predictive direction" hrly is clearly ranging east, 1 37 - 1 39, daily is in pullback mode of big bull trend 1 1500 ish - 1 42500, and also ranging east 1 3700 - 1 4250
pa now, hrly is near top of range, daily is approx 40% from bottom of range possible more north on cards, but neither support "good" buys" in fact better option is to be looking for shorts hrly until pa clears top of range 1 3900 or better yesterday high 1 3908ish, even then requires a pullback retest to confirm bulls are even there??
If you are new to Forex? Say Goodbye to your account!!
UK keep the plan to full opening next week.
Intraday trader
Quoting KiwiTrada
{quote} ??? doesnt matter what timeframe, they dont support your "predictive direction" hrly is clearly ranging east, 1 37 - 1 39, daily is in pullback mode of big bull trend 1 1500 ish - 1 42500, and also ranging east 1 3700 - 1 4250 pa now, hrly is near top of range, daily is approx 40% from bottom of range possible more north on cards, but neither support "good" buys" in fact better option is to be looking for shorts hrly until pa clears top of range 1 3900 or better yesterday high 1 3908ish, even then requires a pullback retest to confirm bulls...
I monitor GB100 Copper Silver Gold AU EU NU GU To determine US$ status, Gj Uj to detrmine yen status U Chf to determine franc status anyone no studying US$ Franc Yen is trading blind
right now uj is grinding 4hr resistance 110 43ish gj 4hr neckline of inverted H&S 153 38ish if they hold show yen strength, gold 4hr top of range dix bottom of range, 20% from bottom of range, cad is anomaly, time required, she is re-testing bo of neckline of H&S 4hr right now eu is in diamond compressing gu as above shows, yen potential appreciation usd @ war, swiss potential SNB intervention to pump north blah blah

I dont see any really good entries, currencies are disjointed and unstable, I have decided to focus on gold, direction will be clarified at GB100 / Brit Open in 4 1/2 hrs from now, waiting
ps as typing cable about to test 1 3900 - 1 3908, I will defend :-)
If you are new to Forex? Say Goodbye to your account!!
Quoting mrluckystar
UK keep the plan to full opening next week.
So if GBP got stronger then we should see more bullish candles.
Try the simple and make it for you ~
bull pennant at H1 chart in my mind
Everything is possible but not guaranteed
3900 had been attack 4 times...
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Intraday trader
from the daily candle , also weekly
i`ve a good feeling of shorting these pair for a moment at least the last low , or even lower .

the price is stiffing around 1.3900 -1.39100 breach these will be 1.39600 for good turn hard , if 1.3900 hold we soon will see the reverse
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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