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Cable Update (GBPUSD)

  • #611,921
  • Jul 24, 2021 9:49am Jul 24, 2021 9:49am
GU

Current map.

Need to drill down to LTF on possible next week maneuver.

20 years ago and current price are about the same.


Attached Image (click to enlarge)
Click to Enlarge Name: gu 183.jpg Size: 581 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #611,922
  • Jul 24, 2021 9:54am Jul 24, 2021 9:54am
Eid break is over for me. Here we are again
#Stay blue. /swinger/scalper/
  • #611,923
  • Jul 24, 2021 10:14am Jul 24, 2021 10:14am
Quoting Pat Chiko
GU Current map. Need to drill down to LTF on possible next week maneuver. 20 years ago and current price are about the same. {image}
GU

If level hold may se spike up for next week movement for liquidity pool.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 184.jpg Size: 234 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #611,924
  • Jul 24, 2021 10:37am Jul 24, 2021 10:37am
Pat your chart is spot on. Lines on either side of the yellow line determine direction up or down
  • #611,925
  • Jul 24, 2021 10:47am Jul 24, 2021 10:47am
Quoting nAVIN2007
{quote} how long have u been trading?
lol...
  • #611,926
  • Jul 24, 2021 10:51am Jul 24, 2021 10:51am
Pat do you determine your lines mostly from the weekly, daily or 4 hour?
  • #611,927
  • Jul 24, 2021 11:07am Jul 24, 2021 11:07am
What does lol mean? Time does not determine ability. Ability is determined by emotional iq( patience, character, discipline,grit,perseverance)
  • #611,928
  • Jul 24, 2021 11:20am Jul 24, 2021 11:20am
Quoting Houtbay
Pat your chart is spot on. Lines on either side of the yellow line determine direction up or down
Nothing new here, it's just a primitives' tools called Support & Resistance.
It is a basic tools for technical analysis, nothing sophisticated there.
I just use S&R, any thing more than that, I will not understand.

Institutional Traders know very well that the masses are reacted on these zones and patterns.
The big players are always looking for liquidity.

A price always consists of Zigzag patterns because the big players need the necessary market orders for their liquidity.
If a price goes down and bounces two or three times at a certain resistance zone, the retail trader is signaled that this is a strong zone that cannot be broken.
Most support and resistance zones have been initiated, so you always have to ask yourself why the big player created this zone.

The way big players work differs from retail traders in almost all areas.

Study your chart.

Good luck.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #611,929
  • Jul 24, 2021 12:47pm Jul 24, 2021 12:47pm
this is what i am seeing

Actually i was in a mess ..lol
I bought and the mofo sank like crazy, lucky it came then i sold and the sum bitch rose..either way having a hard time lol
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-d1-admiral-markets-group.png Size: 176 KB
  • #611,930
  • Jul 24, 2021 12:54pm Jul 24, 2021 12:54pm
Quoting nAVIN2007
this is what i am seeing Actually i was in a mess ..lol I bought and the mofo sank like crazy, lucky it came then i sold and the sum bitch rose..either way having a hard time lol {image}
Spot on Nav
  • #611,931
  • Edited 1:38pm Jul 24, 2021 1:21pm | Edited 1:38pm
Quoting Nd10
{quote} Spot on Nav

its a tough call..question is reversal or continuation? hopefully consolidate around here, may bring about more room for a bigger drop.
Weekly shows continuation, monthly in play, more downside

Quoting Georginson
{quote} Neither of this happened... Game over for bulls. Now we have a resistance of 1.3786 which if unbroken will take us to 1.3516 in days ahead. Happy Weekend.
agree 101% but of course nothing is set in stone

monthly rising wedge = bearish
Weekly retest of breakout = bearish
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd-mn1-admiral-markets-group.png Size: 153 KB
Click to Enlarge Name: gbpusd-w1-admiral-markets-group.png Size: 145 KB
  • #611,932
  • Jul 24, 2021 2:01pm Jul 24, 2021 2:01pm
Quoting Georginson
{quote} Neither of this happened... Game over for bulls. Now we have a resistance of 1.3786 which if unbroken will take us to 1.3516 in days ahead. Happy Weekend.
To me, Monday is selling day below 3786.

100 pips day, considering that Friday range was just 60 pips.
Intraday only.
  • #611,933
  • Jul 24, 2021 2:21pm Jul 24, 2021 2:21pm
Quoting navk
{quote} To me, Monday is selling day below 3786. 100 pips day, considering that Friday range was just 60 pips.
Very well said Navk... This is heavily bearish, any rise is a massive fall in days ahead. Check July history is usually one way traffic... 1.3446/1.3516 next.
Data + Stat + Risk/Emotions Management
  • #611,934
  • Jul 24, 2021 2:22pm Jul 24, 2021 2:22pm
Quoting nAVIN2007
{quote} its a tough call..question is reversal or continuation? hopefully consolidate around here, may bring about more room for a bigger drop. Weekly shows continuation, monthly in play, more downside {quote} agree 101% but of course nothing is set in stone monthly rising wedge = bearish Weekly retest of breakout = bearish {image} {image}
I couldn't agree more... Bulls are warned!!!
Data + Stat + Risk/Emotions Management
  • #611,935
  • Jul 24, 2021 3:08pm Jul 24, 2021 3:08pm
Staying bullish.

Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 180 KB
Everyone can see the chart, but only a few can actually read it.
  • #611,936
  • Jul 24, 2021 3:54pm Jul 24, 2021 3:54pm
Quoting Bainbrito
{quote} “If the City, the Bank of England and the financial markets have confidence in the bank, the bankers can feel confident in lending me money. Thus I could acquire sufficient money, far in excess of what my assets are worth, to enter the financial and currency markets. Provided I had steady nerves, adequate knowledge of the markets, enormous good luck and sufficient profits to service my debt, I could be an effective player in the game. If all these conditions pertained, all I would have to do is keep on playing. I can’t leave the market until...

very interesting and intrigue response Bain

thank you - sorry not responding - after a couple days of hearing nothing I didn't come back to FF lol

look forward to seeing more posts from you

wish you green
  • #611,937
  • Edited 4:46pm Jul 24, 2021 4:27pm | Edited 4:46pm
Quoting Pat Chiko
{quote} You're always welcome here. Anytime 12 months of summer, end of the year monsoon, with heavy rainfall. BTW, what is the name of this country here sandwich between Poland and Lithuania ? If none, I would like to claim it for my Kingdom. {image}
Koenigsberg, Kingdom of Prussia, once the seat of Teutonic Order... nice place
  • #611,938
  • Jul 24, 2021 6:27pm Jul 24, 2021 6:27pm
The bulls will need a powerful push to break through the resistance.
There will be a bit of consolidation on Monday before the market will decide its direction. I’m looking at my Trendline... Prices May want to touch the Trend line either break or reject it but I think the Trend line will be broken and never get retested; because there is sudden drop in bull power...

I’m going with the bears.... I see prices Falling
My telegram: https://t.me/avidforex
  • #611,939
  • Jul 24, 2021 6:32pm Jul 24, 2021 6:32pm
The bulls will need a powerful push to break through 1.37750 Resistance level.
There will be a bit of consolidation on Monday before the market will decide its direction. I’m looking at my Trendline... Prices May want to touch the Trend line either break or reject it but I think the Trend line will be broken and never get retested; because I see price falling so badly!

I’m going with the bears.... I see prices Falling
Attached Image (click to enlarge)
Click to Enlarge Name: 5DE4F8E2-E2DE-4C97-A375-0DE4E210000C.png Size: 140 KB
My telegram: https://t.me/avidforex
  • #611,940
  • Jul 24, 2021 11:49pm Jul 24, 2021 11:49pm
Quoting nAVIN2007
{quote} its a tough call..question is reversal or continuation? hopefully consolidate around here, may bring about more room for a bigger drop. Weekly shows continuation, monthly in play, more downside {quote} agree 101% but of course nothing is set in stone monthly rising wedge = bearish Weekly retest of breakout = bearish {image} {image}

It doesn't matter whether you work with forex data or futures data, volume or liquidity, tickcharts or Daily charts.

In the end, every trader has to answer for their own profit or loss.
For this reason, I am very proud that we find different traders in this thread who pursue different opinions and strategies.
And that is exactly what takes us all a step further.

Respect, decency and mutual fairness testify to a good upbringing and a high level of intelligence.

This is exactly what we can all be proud of and I am sure that with these virtues we can achieve the success we all want.

As it goes ;
A good trader prepares to win, But accepts to lose.

Have a nice weekends.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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