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Cable Update (GBPUSD)

  • #614,401
  • Aug 4, 2021 3:59pm Aug 4, 2021 3:59pm
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yes yes yes
  • #614,402
  • Aug 4, 2021 4:13pm Aug 4, 2021 4:13pm
Quoting Pat Chiko
{quote} GU Not a good set up I think going to take out my SL soon. {image}
Hello, Pat

Could you share with me the tool you use to do rectangles and lines?

I think it's the one below the button that says: "Scale"

In truth, it looks very useful!

Thank you in advance.

Damian Condori
  • #614,403
  • Aug 4, 2021 4:24pm Aug 4, 2021 4:24pm
Not out of the woods yet if your a short trader . 4 hour and day emas are long at this time
  • #614,404
  • Aug 4, 2021 4:31pm Aug 4, 2021 4:31pm
Market holding in the top 20% of the move up, a pop back up seems likely...
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  • #614,405
  • Aug 4, 2021 5:20pm Aug 4, 2021 5:20pm
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Sleep time trades pp now just incase cable claims it back in the night . Lot of support areas below might need to go back up and pass them with a big candle . Or we go up to 4000
  • #614,406
  • Aug 4, 2021 5:27pm Aug 4, 2021 5:27pm
Quoting DamDori
{quote} Hello, Pat Could you share with me the tool you use to do rectangles and lines? I think it's the one below the button that says: "Scale" In truth, it looks very useful! Thank you in advance. Damian Condori
Here are the tools to draw lines and rectangles

Attached Image


The indicator below to scale the chart ( called Rectangle Reader) - indi below
NOTE : setting
Active: False

Color Level is short cut to draw box rectangles and lines


Attached File(s)
File Type: ex4 Color Levels.ex4   34 KB | 422 downloads

Attached File(s)
File Type: ex4 RectangleReader.ex4   111 KB | 371 downloads
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #614,407
  • Aug 4, 2021 6:35pm Aug 4, 2021 6:35pm
Quoting here2there
From now on, I am sticking to the Daily chart. Lower time frames are too damn noisy in today's market. Some people have a knack for trading lower time frames (and the time needed to do it). I am not one of these people.
the best decision you ever made, :-)
If you are new to Forex? Say Goodbye to your account!!
  • #614,408
  • Aug 4, 2021 6:52pm Aug 4, 2021 6:52pm
Quoting witowito
{quote} After some chat with him... He has shown his cards... Folks lets make ForexFactory know so some newbies can be aware {image}
these forums are full of scammers, all got super successful trading systems, holy grail etc etc, think about it "if" you had a super system why would you sell it, why would you need to sell it if so profitable, they are scum
I find if you suspicious, put on ignore, quickly you will see a pattern or clusters of ignored posters coming and going in groups, normally the cluster has new posters but not always, there are some red flag scammers too
waste of time reporting, when banned they just come back with new identity, "Im a newbie here to learn" newbie this newbie that, or "friends" my friends" they are spot able, got to be careful :-)
If you are new to Forex? Say Goodbye to your account!!
  • #614,409
  • Aug 4, 2021 7:37pm Aug 4, 2021 7:37pm
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bear coming
Like me, cuts losses quickly. But has more patience and lets his winn
  • #614,410
  • Aug 4, 2021 7:58pm Aug 4, 2021 7:58pm
Quoting KiwiTrada
{quote} a day early, better late than never
dix she has run into some resistance 92 32, "if" she can get through nice bit of fresh air above, will be tough tho, micro managing, waiting watching
If you are new to Forex? Say Goodbye to your account!!
  • #614,411
  • Aug 4, 2021 8:50pm Aug 4, 2021 8:50pm
Today's CABLE ANALYSIS 1 HR TIME FRAME

Price will move between 1.38856 Support level and 1.39577 Resistance level... Total of 73 PIPS

We are at the Support level now, where it is suitable to take long position with 25 Pips stop loss and 60 to 70 PIP take profit.. GET ON THE TRAIN AT THE STATION NOT WHEN IT'S MOVING....
You can choose to wait for more confirmation and allow price to close above the daily range thats the Green BOX!
NOTE: The bears are teaming up but its not yet time to think of a bearish market; we wait for price to break and retest 1.38800 before we SHORT..
Attached Image (click to enlarge)
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My telegram: https://t.me/avidforex
  • #614,412
  • Aug 4, 2021 8:59pm Aug 4, 2021 8:59pm
I think price going go monthly pivot or weekly support 1.
  • #614,413
  • Aug 4, 2021 9:01pm Aug 4, 2021 9:01pm
the drop is coming
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yes yes yes
  • #614,414
  • Aug 4, 2021 9:11pm Aug 4, 2021 9:11pm
buy @1.38856
tp1: 1.39400
tp2: 1.39577
sl: 1.38600
My telegram: https://t.me/avidforex
  • #614,415
  • Aug 4, 2021 9:13pm Aug 4, 2021 9:13pm
Quoting BigNumbers
Today's CABLE ANALYSIS 1 HR TIME FRAME Price will move between 1.38856 Support level and 1.39577 Resistance level... Total of 73 PIPS We are at the Support level now, where it is suitable to take long position with 25 Pips stop loss and 60 to 70 PIP take profit.. GET ON THE TRAIN AT THE STATION NOT WHEN IT'S MOVING.... You can choose to wait for more confirmation and allow price to close above the daily range thats the Green BOX! NOTE: The bears are teaming up but its not yet time to think of a bearish market; we wait for price to break and retest...
This is a good analysis! I'm also waiting for the retest to the upside before taking a short position.
I'll be waiting for the news later for the BOE, until then we wait on the sides.
  • #614,416
  • Aug 4, 2021 9:15pm Aug 4, 2021 9:15pm
CTU have his plans. But let's see how it goes. Good morning everybody~
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  • #614,417
  • Aug 4, 2021 9:28pm Aug 4, 2021 9:28pm
Quoting KiwiTrada
{quote} dix she has run into some resistance 92 32, "if" she can get through nice bit of fresh air above, will be tough tho, micro managing, waiting watching
swissy 1hr similar to dix falling channel bo north @ resistance now, break north some fresh air falling 200sma and psych 91 but bigger picture is trend change 4hr & daily, so important levels in play swiss dix cad and uj bulls gu au nu eu bears
note the long signals red scribble circles, nice neat and cheap entries :-) I like cheap
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  • #614,418
  • Aug 4, 2021 9:58pm Aug 4, 2021 9:58pm
My weekly target is intact in (big picture)

Have a good day!
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Fools Rushing
  • #614,419
  • Aug 4, 2021 10:43pm Aug 4, 2021 10:43pm
Quoting rkr81
Will be holding these trades for tomorrow.. {image}
Closed all my shorts at 3886
Forex Learner
  • #614,420
  • Aug 5, 2021 12:01am Aug 5, 2021 12:01am
Quoting BigNumbers
Tonight's Range will determine the direction of trend .... We are approaching 1.38800 Dynamic and static support Confluence level, where price will decide its fate.... We have a chance to go LONG since its a support level; but if it breaks we wait for a retest and go SHORT! {image}
But what banks will do??
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