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Cable Update (GBPUSD)

  • #612,381
  • Jul 27, 2021 12:32pm Jul 27, 2021 12:32pm
Quoting MTF Test
{quote} Hmm ! I think the question should be directed to Mr. WavesK. In my opinion he has a system. Flipping a Coin is good system, It has a 50% winning chances. If you Risk: Reward is 1:2 you will be in the positive side of the game . Note : newbies, dont try this at home.
  • #612,382
  • Jul 27, 2021 12:35pm Jul 27, 2021 12:35pm
Quoting Waveskierrob
{quote} Hi genadi, just one question, why do you assume that it doesn't work
i saw some discussion here in forexfactor back in 2012. one seasoned trader told, that if you gamble, it is better to go to casino, couse you get free drinks there.

hope you can make 40% a year constantly.

anyway, good luck
  • #612,383
  • Jul 27, 2021 12:38pm Jul 27, 2021 12:38pm
Quoting pipfarm
{quote} LOL, no shorts here{image}

Close enough to 3900 taken 60 on this


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 49 KB
Follow The Markets Structure - Patience and Discipline
  • #612,384
  • Jul 27, 2021 12:42pm Jul 27, 2021 12:42pm
Quoting genadi
{quote} i saw some discussion here in forexfactor back in 2012. one seasoned trader told, that if you gamble, it is better to go to casino, couse you get free drinks there. hope you can make 40% a year constantly. anyway, good luck
yea have to buy my own drinks at home , strange you picked 40% ,but anyway many thanks and good luck to you
  • #612,385
  • Jul 27, 2021 12:51pm Jul 27, 2021 12:51pm
Quoting Vincent1
... A - The area around 1.3930 is the lowest entry point. Too risky to enter before. There we have already seen the strength of the Bears. We will certainly have a reaction there and see the Bears enter. We cannot yet know however, if it is the best entry point to break below 1.3730, or if it is just a Sell that can give us 50/100 pips gain, before the Bulls take the price even higher....

This is what I posted on July 4th
The level 1.3930 was a good sell area. But the market didn't get back enough
After the break 1.3729 and new low, i cancelled 1.3930 from the list of my lelvels

But now, with all these Bulls, I think 1.3930 can be again a nice area to sell
Let's see where the FOMC wil drive us with this in mind
  • #612,386
  • Jul 27, 2021 12:52pm Jul 27, 2021 12:52pm
Quoting ;13644335
{quote} and after fomc?

Hello gatenio,

Until candle are built and in place, only then I can read the price action chart.
ATM, we have to see what they (IT) will build in the range box and what kind of trap await us.
We have to be patience a bit, and will cross the bridge when we come to one.

Further to that, forex market has changed a lot in recent years and it has become much harder to make sustainable profits due to the high frequency traders.
Direction change at very fast phase, and the set up a more trickier with more traps for uneducated traders fall into.

Most of the theoreticians have failed in their scientific/maths approaches in this market, because in a purely randomly generated market with science no progress.

Trading is a game of risk versus reward. It is also a game that is not forgiving of players who come in without learning the rules.
For those with the "get rich quick" or 'gotta have it now' mentality, failure is all but certain. We have to wait for the candle to complete its moves and formation, until then if you ask me "after FOMC"? my simple answer is " I don't know" have to wait the set up formation before FOMC.

Instead of predicting where price is going, use your data to determine what price is currently doing and making decisions off of that.

If you remember, the last time you asked question( untested Demand zone), I've given you full educational material to begin with. Spend a bit of time to re-read it again, it may help you with your trading.

The forex market is figuratively like music, the candles are like notes. And if you can decipher the candles, you know which candle will come next. This is because there is actually no way to know what your targets are in any trade attempt.
Active position management is recommended for profitability.
Try to understand the meaning of "the dance." ie market form reading.

Most importantly , don’t analyze the market to find trades, but to develop a system.
Then you trade the system, not the market ..

Further. always remember...............

>Understand that it is impossible to predict the future.
>The only way is to yield into it with appropriate strategies.
>Leave predicting future to the fortune tellers.

Good luck.

If you need anything else, please ask. We have many good traders here, who are willing to help struggling traders.

Warm Regards

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #612,387
  • Jul 27, 2021 12:54pm Jul 27, 2021 12:54pm
Quoting Pat Chiko
{quote} Hello gatenio, Until candle are built and in place, only then I can read the price action chart. ATM, we have to see what they (IT) will build in the range box and what kind of trap await us. We have to be patience a bit, and will cross the bridge when we come to one. Further to that, forex market has changed a lot in recent years and it has become much harder to make sustainable profits due to the high frequency traders. Direction change at very fast phase, and the set up a more trickier with more traps for uneducated traders fall into....
OMG
Do you always have to philosophize?
  • #612,388
  • Jul 27, 2021 12:56pm Jul 27, 2021 12:56pm
A quick scalp BUY 1.38913 TP: 39235
35PIPS

There is still strength on the Daily..
Attached Image (click to enlarge)
Click to Enlarge Name: boom.png Size: 7 KB
My telegram: https://t.me/avidforex
  • #612,389
  • Jul 27, 2021 12:57pm Jul 27, 2021 12:57pm
Quoting Pat Chiko
{quote} Hello gatenio, Until candle are built and in place, only then I can read the price action chart. ATM, we have to see what they (IT) will build in the range box and what kind of trap await us. We have to be patience a bit, and will cross the bridge when we come to one. Further to that, forex market has changed a lot in recent years and it has become much harder to make sustainable profits due to the high frequency traders. Direction change at very fast phase, and the set up a more trickier with more traps for uneducated traders fall into....
"Post of the day"
  • #612,390
  • Jul 27, 2021 1:01pm Jul 27, 2021 1:01pm
Quoting pipfarm
{quote} Close enough to 3900 taken 60 on this {image}


really good opportunity , great trade
  • #612,391
  • Jul 27, 2021 1:09pm Jul 27, 2021 1:09pm
Quoting gatenio
{quote} OMG Do you always have to philosophize?
Not necessary.

I only give the best.

Best in trades and best in helping others in understanding how to trade profitably.

Helping others is my hobby. Especially when I saw your post.
Hope you stay around and many good traders in this thread are willingly to share their knowledge with you.

Quoting gatenio
Im out of this pair for a while, my logic isnt working well lately.
Regards

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #612,392
  • Jul 27, 2021 1:11pm Jul 27, 2021 1:11pm
Quoting Waveskierrob
{quote} "Post of the day"
If in case I want to write a book, can you be my Ghost writer ?.

P/S Sang Real is doing very well with new trading strategy he develop for the last 14 days, he wacks the market more than 200% profit.

Crazy due
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #612,393
  • Jul 27, 2021 1:12pm Jul 27, 2021 1:12pm
flagging
  • #612,394
  • Jul 27, 2021 1:13pm Jul 27, 2021 1:13pm
Quoting Pat Chiko
{quote} Hello gatenio, Until candle are built and in place, only then I can read the price action chart. ATM, we have to see what they (IT) will build in the range box and what kind of trap await us. We have to be patience a bit, and will cross the bridge when we come to one. Further to that, forex market has changed a lot in recent years and it has become much harder to make sustainable profits due to the high frequency traders. Direction change at very fast phase, and the set up a more trickier with more traps for uneducated traders fall into....

Hello Professor Sang Real,

You are such a wonderful person. Whenever I'm reading through your messages I can feel the attribute of a leader in between the lines.
I hope to meet you someday

Thank you for your contribution...

BigNumbers


 

  1. Sang Real

My telegram: https://t.me/avidforex
  • #612,395
  • Jul 27, 2021 1:14pm Jul 27, 2021 1:14pm
Quoting Pat Chiko
{quote} Hello gatenio, Until candle are built and in place, only then I can read the price action chart. ATM, we have to see what they (IT) will build in the range box and what kind of trap await us. We have to be patience a bit, and will cross the bridge when we come to one. Further to that, forex market has changed a lot in recent years and it has become much harder to make sustainable profits due to the high frequency traders. Direction change at very fast phase, and the set up a more trickier with more traps for uneducated traders fall into....
chiko, you're talented as a writer
Daddy, Brother, Lover, Little Boy
  • #612,396
  • Jul 27, 2021 1:17pm Jul 27, 2021 1:17pm
Quoting Pat Chiko
{quote} Not necessary. I only give the best. Best in trades and best in helping others in understanding how to trade profitably. Helping others is my hobby. Especially when I saw your post. Hope you stay around and many good traders in this thread are willingly to share their knowledge with you. {quote} Regards PAT
sighs.. ok.
  • #612,397
  • Jul 27, 2021 1:17pm Jul 27, 2021 1:17pm
Quoting Pat Chiko
{quote} If in case I want to write a book, can you be my Ghost writer ?. P/S Sang Real is doing very well with new trading strategy he develop for the last 14 days, he wacks the market more than 200% profit. Crazy due
Ghost writer I have to google most of the words you use, keep up the good work you are an ambassador to this thread, have another medal
  • #612,398
  • Jul 27, 2021 1:29pm Jul 27, 2021 1:29pm
Attached Image
  • #612,399
  • Jul 27, 2021 1:32pm Jul 27, 2021 1:32pm
GU temporary terminated the downtrend on monthly after breaking above 1.3840s, still good sell opportunity at current price as it will sooner or later go back there the least, and major resistance ahead is 1.3910-20s
The importance is in monthly close, main news release in left 3 days of this month..let's see..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #612,400
  • Jul 27, 2021 1:34pm Jul 27, 2021 1:34pm
Quoting BigNumbers
{quote} Hello Professor Sang Real, You are such a wonderful person. Whenever I'm reading through your messages I can feel the attribute of a leader in between the lines. I hope to meet you someday Thank you for your contribution... BigNumbers Sang Real
Hello BigNumbers,

Thanks for the kind words, its always nice to be recognized be able to help others.

To be a good trader most importantly is don't stress yourself out to much while learning, because trust me it takes time.
Just watch PA, read Price Action thread and if you have questions many here are willing to help.

Keep working hard is about the only real thing i have to say, you work hard you will soon become very good at what you do.
Every trade is a new learning experience which will be seared eternally into your brain.

I am not trying to change anyone's mind or preach this against that.
I just like helping people. I miss teaching and anyone that knows me from Malaysia forex community.

So I am here to just do what I can, cause it gives me joy. I don't need money. hahaha.

This is nothing new.
Just things I think you start to realize as you progress as a trader.
My hope was to just give back and show people (mostly aspiring traders) where they should focus their attention.
Or at least shine a light on some of the light bulbs that went off for me along my journey.
Also like you say many ignore the basics and find themselves on a spiral of jumping from edge to edge trying to find that one special holy grail.

Best wishes with your trading.

Regards

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