Happy weekend to you all
Cable Update (GBPUSD)
- #611,882
- Jul 23, 2021 1:04pm Jul 23, 2021 1:04pm
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
Hi Wepe.
With due respect, I beg to differ in my opinion on your "manipulation" theories for today set up on GU.
Subject on manipulation are over emphasizes in posting are not as what GU pairs are doing today.
We cannot blame manipulation, in which "manipulation" are not there in the first place.
It is us to take responsibility in proper chart reading and understanding Price Action.
Let me share you, that nothing in today GU moves are manipulated in anyway. Only small whipsaw engulfing after London Open to take out "weak holder" and getting in "unsuspecting seller" into the trade.
In my previous posting in this thread, two chart Daily TF (The Map) and H1 showing the scalping trade set up, took earlier.
It is just a normal BO and RT moves with RBS becoming new bounce zone.
Its' not that complicated, just very primitive ways of analyzing chart, (nothing super advance here/no indication were used).
For the period of FOUR hours GU has rejecting the RBS zone, and screaming "buy me , buy me" ! You will see in H1 Chart all four hours rejection.
You post on manipulation are way much exaggeration on the situation, I don't see it bring any obvious value to your trade set up.
Your Posting on Manipulation today.
Hope it clear up the conspiracy theories of "manipulation" in GU set up.
There is manipulation in the markets and Yes, that is the natural course of doing business.
In Charles’s Dow market ideology -
Manipulation is possible in the day-to-day movement of the averages, and secondary reactions are subject to such an influence to a more limited degree, but the primary trend can never be manipulated.
So what can we learn from this?
Sometimes we are seriously blinded by our ambition, greed, hope, emotions.
Our reality was so warped, we could not see the elephant right in front of us.
Sadly, this can happen to all of us, to a certain extent.
I have to remind myself constantly, that i basically know nothing about the market, that i can loose most of my funds in a day if i don't restrain myself.
Be humble, or the market will humble you they say...
I hope someone will learn from this and won't make the same so called "manipulation" theories.
With due respect, I beg to differ in my opinion on your "manipulation" theories for today set up on GU.
Subject on manipulation are over emphasizes in posting are not as what GU pairs are doing today.
We cannot blame manipulation, in which "manipulation" are not there in the first place.
It is us to take responsibility in proper chart reading and understanding Price Action.
Let me share you, that nothing in today GU moves are manipulated in anyway. Only small whipsaw engulfing after London Open to take out "weak holder" and getting in "unsuspecting seller" into the trade.
In my previous posting in this thread, two chart Daily TF (The Map) and H1 showing the scalping trade set up, took earlier.
It is just a normal BO and RT moves with RBS becoming new bounce zone.
Its' not that complicated, just very primitive ways of analyzing chart, (nothing super advance here/no indication were used).
For the period of FOUR hours GU has rejecting the RBS zone, and screaming "buy me , buy me" ! You will see in H1 Chart all four hours rejection.
You post on manipulation are way much exaggeration on the situation, I don't see it bring any obvious value to your trade set up.
Your Posting on Manipulation today.
wepe[/color];13639763]{quote} that's to be expected with this manipulation. after he goes up high retail traders will think that the direction of the price is fully up, after a lot like that he will go down and down
wepe[/color];13639753]{quote} it looks like a bull trap up to 1.38xx. as expected from the GBPUSD pair from time to time it is always manipulated to undermine the psychology of retail traders
wepe[/color];13639731]as expected by GBPUSD. always manipulate from time to time
wepe[/color];13639655]{quote} sometimes we are like being manipulated, many people choose to go down because of various technical support things. but there is a kind of power that says this will go up first to bring down the hopes of people who hope to go down. the reason is simple if he wants to go down it should have been since the afternoon of the GBP news it's all bad but the market response is like waiting for something and this is really suspicious
Hope it clear up the conspiracy theories of "manipulation" in GU set up.
There is manipulation in the markets and Yes, that is the natural course of doing business.
In Charles’s Dow market ideology -
Manipulation is possible in the day-to-day movement of the averages, and secondary reactions are subject to such an influence to a more limited degree, but the primary trend can never be manipulated.
So what can we learn from this?
Sometimes we are seriously blinded by our ambition, greed, hope, emotions.
Our reality was so warped, we could not see the elephant right in front of us.
Sadly, this can happen to all of us, to a certain extent.
I have to remind myself constantly, that i basically know nothing about the market, that i can loose most of my funds in a day if i don't restrain myself.
Be humble, or the market will humble you they say...
I hope someone will learn from this and won't make the same so called "manipulation" theories.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #611,883
- Jul 23, 2021 1:27pm Jul 23, 2021 1:27pm
- Joined Aug 2018 | Status: Research Analyst | 4,289 Posts
Data + Stat + Risk/Emotions Management
- #611,885
- Jul 23, 2021 2:03pm Jul 23, 2021 2:03pm
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #611,886
- Jul 23, 2021 2:06pm Jul 23, 2021 2:06pm
- Joined Jul 2021 | Status: 2022 target achieved! | 1,036 Posts
It's not easy to break yesterday's high
--- have a great weekend everyone
Daddy, Brother, Lover, Little Boy
- #611,887
- Edited 3:32pm Jul 23, 2021 2:28pm | Edited 3:32pm
- Joined Nov 2020 | Status: Trader | 2,634 Posts
Sunday drawn movement
Result 
*** not to brag
IMHO it can be done
Next week: Buy starts on Wednesday
Just an experiment for reference
***edited
Result
*** not to brag
IMHO it can be done
Next week: Buy starts on Wednesday
Just an experiment for reference
***edited
- #611,888
- Jul 23, 2021 2:52pm Jul 23, 2021 2:52pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #611,890
- Jul 23, 2021 3:00pm Jul 23, 2021 3:00pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Hi Wepe. With due respect, I beg to differ in my opinion on your "manipulation" theories for today set up on GU. Subject on manipulation are over emphasizes in posting are not as what GU pairs are doing today. We cannot blame manipulation, in which "manipulation" are not there in the first place. It is us to take responsibility in proper chart reading and understanding Price Action. Let me share you, that nothing in today GU moves are manipulated in anyway. Only small whipsaw engulfing after London Open to take out "weak holder" and getting in "unsuspecting...
Agree with u ..however u have to understand it was not screaming to most, you just good at seeing these particular setups because u look for them. They are so many great traders in here..which is amazing to see and why this market is very tough
- #611,891
- Jul 23, 2021 3:01pm Jul 23, 2021 3:01pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} Surprised?
edit i might be confusing u with Nd10 on second thoughts
- #611,893
- Jul 23, 2021 3:07pm Jul 23, 2021 3:07pm
- Joined Nov 2020 | Status: Trader | 2,634 Posts
{quote} I thought you were very bullish on cable, am wondering whats changed for ?
.
- #611,894
- Jul 23, 2021 3:45pm Jul 23, 2021 3:45pm
Hi all!.
My TA for cable.
IMO will continue its way to the South, at least to make a double bottom at 1.3590. This does not mean that it has to end there. Added to the low volumes of the bulls this week, plus the break of the weekly trend line, it seems a high probability to continue falling ... we will see how it continues the next few weeks. Have a nice weekend everyone !
My TA for cable.
IMO will continue its way to the South, at least to make a double bottom at 1.3590. This does not mean that it has to end there. Added to the low volumes of the bulls this week, plus the break of the weekly trend line, it seems a high probability to continue falling ... we will see how it continues the next few weeks. Have a nice weekend everyone !
JEM
- #611,895
- Jul 23, 2021 4:34pm Jul 23, 2021 4:34pm
Another week is over 
The strength of the Bears on Monday and Tuesday was too strong to last, but it was good
On the Weekly we have a good Hammer which broke down after almost 4 weeks of consolidation above the April support.
The best Hammers happen after a downtrend, this is after a consolidation so it's a little weaker than usual
On the Daily we can see that the April support and the SMA200 was broken on the first attempt, these are signs of a downtrend for long-term investors. After the break, the market rose with a nice Engulfing pattern on Wednesday, plus the continuation on Thursday. This is a sign that there have been many buyers (actually many closes for me...)
Only on Friday there was a weak reaction from the Bears who closed a red candle.
So from a quick candlestick analysis the structure is bearish, but the Bulls have shown their strength over the past 3 days
But I want to point out the data from the futures. The COT Report (until July 20, yellow box in the chart) tells us that Asset Managers and Leveraged Funds continue to close Long and open Short positions.
In addition, both Wednesday and Thursday, two green candles, the Open Interest decreased. For those who know how Futures work, they know it is a bearish signal. (see posts https://www.forexfactory.com/thread/...9#post13638299 and https://www.forexfactory.com/thread/...4#post13640054)
In my opinion, overall, the long-term trend is bearish of course. For the past three days, Smart Money has been using bullish candles to attract Dumb Money Longs to the market, to be able to close their Longs and open Short positions.
With my short entry (https://www.forexfactory.com/thread/...5#post13638355) I hope to have made the entry from the Top, the momentum change pattern is there, and I hope it will last. But it's just statistics. Obviously anything is possible, we could see also a new high next week before going down, then I will look for a new point to enter short again.
Have a nice Weekend
and enjoy the Olympic games
The strength of the Bears on Monday and Tuesday was too strong to last, but it was good
On the Weekly we have a good Hammer which broke down after almost 4 weeks of consolidation above the April support.
The best Hammers happen after a downtrend, this is after a consolidation so it's a little weaker than usual
On the Daily we can see that the April support and the SMA200 was broken on the first attempt, these are signs of a downtrend for long-term investors. After the break, the market rose with a nice Engulfing pattern on Wednesday, plus the continuation on Thursday. This is a sign that there have been many buyers (actually many closes for me...)
Only on Friday there was a weak reaction from the Bears who closed a red candle.
So from a quick candlestick analysis the structure is bearish, but the Bulls have shown their strength over the past 3 days
But I want to point out the data from the futures. The COT Report (until July 20, yellow box in the chart) tells us that Asset Managers and Leveraged Funds continue to close Long and open Short positions.
In addition, both Wednesday and Thursday, two green candles, the Open Interest decreased. For those who know how Futures work, they know it is a bearish signal. (see posts https://www.forexfactory.com/thread/...9#post13638299 and https://www.forexfactory.com/thread/...4#post13640054)
In my opinion, overall, the long-term trend is bearish of course. For the past three days, Smart Money has been using bullish candles to attract Dumb Money Longs to the market, to be able to close their Longs and open Short positions.
With my short entry (https://www.forexfactory.com/thread/...5#post13638355) I hope to have made the entry from the Top, the momentum change pattern is there, and I hope it will last. But it's just statistics. Obviously anything is possible, we could see also a new high next week before going down, then I will look for a new point to enter short again.
Have a nice Weekend
and enjoy the Olympic games
- #611,896
- Edited 4:47pm Jul 23, 2021 4:36pm | Edited 4:47pm
- Joined Mar 2020 | Status: Trader | 3,499 Posts
Compulsions can be hard to resist
- #611,897
- Jul 23, 2021 8:38pm Jul 23, 2021 8:38pm
- Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
- #611,898
- Jul 23, 2021 8:48pm Jul 23, 2021 8:48pm
- Joined Aug 2010 | Status: Trader | 5,350 Posts
at the end of Thursday, looking in the daily cable chart I ask myself what kind of daily candle I could expect for Friday
variant "a"- bullish and probably three white soldiers pattern will appear
"b" - doji.., indecision
but only look at this Friday daily candle with almost 60 pips average, neither fish nor flesh, open at 1.37555 and close at 1.37466
O1.37555,C1.37466.., I want to repeat it again and again
she is in the middle between 1.40 & 1.35 and she wants our attention
consolidation?.. I call such a day as today (Friday the 23th) " a pure masturbation".., no offence
but
variant "a"- bullish and probably three white soldiers pattern will appear
"b" - doji.., indecision
but only look at this Friday daily candle with almost 60 pips average, neither fish nor flesh, open at 1.37555 and close at 1.37466
O1.37555,C1.37466.., I want to repeat it again and again
she is in the middle between 1.40 & 1.35 and she wants our attention
consolidation?.. I call such a day as today (Friday the 23th) " a pure masturbation".., no offence
but
Inserted Video
dolce vita
- #611,899
- Jul 23, 2021 11:22pm Jul 23, 2021 11:22pm
- Joined Mar 2021 | Status: Hate non sense talk, eat ur own BS | 625 Posts
{quote} seems boring I better go sleep, hope green pips to everyone
on my view H4 for my Monday intraday I will short again if candle fail to close above 1.3782, but will change to long if it success prob will enter 1.38 teritory might be 1.383 or sssr @1.3912 next week, just my newbie opinion
Happy weekend to all fellow traders
Honestly great to see this thread, full of people with different trading ideas, I can learn n get many experience here I guess
Hope everyone gets green pips
- #611,900
- Jul 24, 2021 2:18am Jul 24, 2021 2:18am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes