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Cable Update (GBPUSD)

  • #613,581
  • Aug 1, 2021 2:01pm Aug 1, 2021 2:01pm
Hi folks, hope you all good, here is my take on cable
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find a way to make money in your sleep or you work until you die
  • #613,582
  • Aug 1, 2021 2:12pm Aug 1, 2021 2:12pm
Quoting navk
{quote} Moty, Just keep in mind our pivot rule and take the trading bias accordingly everyday, Now, I am going to have a small nap before Tokyo opens at 8 pm EST.
good night, write the pivot rule after you wake up.
sweet dreams.
  • #613,583
  • Aug 1, 2021 2:14pm Aug 1, 2021 2:14pm
What is the pivot rule?
  • #613,584
  • Aug 1, 2021 2:17pm Aug 1, 2021 2:17pm
Quoting Vincent1
{quote} The Hammer made the job, and last week we had a nice green candle, the signal is quite important because it is practically a Morning Star. The weekly close is the highest since 5 weeks.
Can you check this claim, please?

If it is a higher close than the week of July 5 - 9, then it will be more than 5 weeks, otherwise, it's the highest close for the last 4 weeks.

Cheers
It takes a lot for me to IGNORE you, but you can try.
  • #613,585
  • Edited 4:33pm Aug 1, 2021 2:37pm | Edited 4:33pm
Cable D1 and W1 Index outlook. My bias - looks like a reversal is in play this week (on the D1 chart with Fib_lines to 0.38/0.50 level).
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #613,587
  • Edited 4:06pm Aug 1, 2021 2:53pm | Edited 4:06pm
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GBPUSD. Head n Shoulders??
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #613,588
  • Aug 1, 2021 3:10pm Aug 1, 2021 3:10pm
During past weeks, SMART MONEY have reducied SO MUCH their exposition on GBP
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  • #613,589
  • Aug 1, 2021 3:25pm Aug 1, 2021 3:25pm
Quoting Ntg
Hidden
MT4 already has what it takes to be profitable. Go to CNN, BBC and other media to advertise.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #613,590
  • Aug 1, 2021 3:35pm Aug 1, 2021 3:35pm
My thoughts about next week swing on GU and GJ
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  • #613,591
  • Aug 1, 2021 3:44pm Aug 1, 2021 3:44pm
Quoting 9jatrader
{quote} MT4 already has what it takes to be profitable. Go to CNN, BBC and other media to advertise.
Where is it? Do you guarantee it?
  • #613,592
  • Aug 1, 2021 3:59pm Aug 1, 2021 3:59pm
If you are tracking the GBPUSD this week, consider this technical perspective from a swing trader. The GBPUSD market is sideways. Meanwhile, on the daily time frame, on Thursday, price action completed a 61.8 Fib retracement of the 1.41850/1.35700 downward swing. There was a bearish print on Friday, which is potentially a signal that bears would contend for market influence, and this may lead to a southward continuation. What price action does on Monday should be watched.

I may be wrong. Trade safe and prosper. So, please trade based on your own trading rules and analysis.

KP

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Do your homework, follow the footprints of smart money
  • #613,593
  • Aug 1, 2021 4:15pm Aug 1, 2021 4:15pm
Quoting Wavegarrick
Anyway, folks, There is no need to blow things out of proportion, We all know that Navk is doing well as a scalper in a prop firm, and we are seeing what Pat Chiko is capable of doing here. Both are good traders in their own right. I think there was a bit of a misunderstanding between them. No sweat and I think the banter and exchanges have been quite friendly. This thread is in a good place and the level of professionalism, helpfulness, and expertise is exceptional and unlike what I see in most threads at FF. Let's keep it going and have a great...
thats a lot of likes
  • #613,594
  • Aug 1, 2021 5:28pm Aug 1, 2021 5:28pm
Quoting Wavegarrick
Anyway, folks, There is no need to blow things out of proportion, We all know that Navk is doing well as a scalper in a prop firm, and we are seeing what Pat Chiko is capable of doing here. Both are good traders in their own right. I think there was a bit of a misunderstanding between them. No sweat and I think the banter and exchanges have been quite friendly. This thread is in a good place and the level of professionalism, helpfulness, and expertise is exceptional and unlike what I see in most threads at FF. Let's keep it going and have a great...
No comparison! Pat Chiko is of a different League not just as a trader but human being
"Exchange of hands"
  • #613,595
  • Aug 1, 2021 5:32pm Aug 1, 2021 5:32pm
Quoting KeenPips
If you are tracking the GBPUSD this week, consider this technical perspective from a swing trader. The GBPUSD market is sideways. Meanwhile, on the daily time frame, on Thursday, price action completed a 61.8 Fib retracement of the 1.41850/1.35700 downward swing. There was a bearish print on Friday, which is potentially a signal that bears would contend for market influence, and this may lead to a southward continuation. What price action does on Monday should be watched. I may be wrong. Trade safe and prosper. So, please trade based on your own...
Hi KP.
Why do you take to fib retracements from 4185 and not the swing high top above 1.42?
Compulsions can be hard to resist
  • #613,596
  • Aug 1, 2021 5:42pm Aug 1, 2021 5:42pm
Quoting trumps
{quote} Hi KP. Why do you take to fib retracements from 4185 and not the swing high top above 1.42?
imho I think bcuz he uses the price’s average close not the wick’s top.
it doesn’t matter how far high the price was able to reach but where it closed after all. That’s how sm be looking at the markets.
  • #613,597
  • Aug 1, 2021 6:30pm Aug 1, 2021 6:30pm
hello everyone im very new and first time posting on the interactive trading , this is my analysis of GU if any body wants the indicators or EA let me know , the rules are just the a 2 line coss for the bottom indicator Stop Loss Index , and the QQE Histo is just a filter zero line cross
Feedbacks always encouraged, Happy Trading !
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SKQT - Super Kool Quant Trader
Daily Remy All Time Return: 5.6%
  • #613,598
  • Aug 1, 2021 6:32pm Aug 1, 2021 6:32pm
This is likely to play out today... Prices will be Trap in the Purple BOX...
It will BUY up to take out weak holders in the market....
Although at first it seems like an institutional order flow had started but when I looked at it carefully;
I discovered that it didn't take out many sellers in the market; So we don't have ENOUGH BUYERS TO SELL TO (BTST)
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My telegram: https://t.me/avidforex
  • #613,599
  • Aug 1, 2021 7:10pm Aug 1, 2021 7:10pm
I'm LONG now and if price break the bottom of the PURPLE BOX and close below the RBS, thus hitting the 20 PIPS stop LOSS; that's good news... because price would have confirmed SHORT....
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My telegram: https://t.me/avidforex
  • #613,600
  • Aug 1, 2021 7:20pm Aug 1, 2021 7:20pm
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Like me, cuts losses quickly. But has more patience and lets his winn
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