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Cable Update (GBPUSD)

  • #617,001
  • Aug 16, 2021 11:16pm Aug 16, 2021 11:16pm
keep in mind we have a 5 day ADR of 69 caused by summertime thin market.

normally we have 90-100 minimum 5 day ADR.
trading is like dancing, don't think and just listen to the music!
  • #617,002
  • Aug 16, 2021 11:17pm Aug 16, 2021 11:17pm
GU

MAP

Price finding liquidity.

GAP area is where the clue for liwuidity.

EDIT : Adding Daily TF Chart for clarity.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #617,003
  • Aug 16, 2021 11:19pm Aug 16, 2021 11:19pm
Short in at 1.3817 .. will add if previous low broke stop losses will be taken out for a swift sail to 1.3800 ish... run the rest
Don't trade what you think. Just what you see!!!
  • #617,004
  • Aug 16, 2021 11:21pm Aug 16, 2021 11:21pm
Quoting MTF Test
Buying now - Counter trend - with tight SL - Following the price for TP {image}
Hold your thoughts before closing BUY Trades. Before LONDON open, Price will always ride the other way.

Cheers !

Note : SL is always the key.
Fools Rushing
  • #617,005
  • Aug 16, 2021 11:24pm Aug 16, 2021 11:24pm
Quoting Pat Chiko
{quote} Nice photos Juan. My big congratulation to the Bride and groom on their weeding occasion. May they blessed with many children. PAT
special thanks to you with a high sense of humanity , and everyone in this thread, you all are the best traders I have ever seen in my life..

---- regards Juan, FE
Daddy, Brother, Lover, Little Boy
  • #617,006
  • Aug 16, 2021 11:25pm Aug 16, 2021 11:25pm
G/M, Early London reacting to Uk employment data...price challenging the 76.4% 3791-3878 just below the prev 1hr/minor 4hr sw hi zone = prev res = pot rbs, this right at the dly asc t/line joining 3572 with 3791. 1hr below.
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Trader with an Edge.
  • #617,007
  • Aug 16, 2021 11:31pm Aug 16, 2021 11:31pm
Yesterday the highs touched the Daily M3 at 1.3870 - if the move is daily M3 to Daily M1, then I expect the support to be on the daily M1 at 1.3808 - I just got into a buy with the good news in mind for the GU - but have a tight sl below 1.3808

170 pips up in gold buy from yesterday with an add on
If you don't earn from it you learn from it
  • #617,008
  • Aug 16, 2021 11:41pm Aug 16, 2021 11:41pm
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  • #617,009
  • Aug 16, 2021 11:42pm Aug 16, 2021 11:42pm
Quoting Feelas
I know the save entry is to wait for the price to breakthrough. but, can't help to wait as i am riding a bull {image}
not break through, need breakthrough "and" retest!!! should have waited and stuck with first half of post!!
If you are new to Forex? Say Goodbye to your account!!
  • #617,010
  • Aug 16, 2021 11:43pm Aug 16, 2021 11:43pm
Morning my 3810 alarm just went and that’s now gone also
  • #617,011
  • Aug 16, 2021 11:44pm Aug 16, 2021 11:44pm
Quoting Mr.Burger
{quote} special thanks to you with a high sense of humanity , and everyone in this thread, you all are the best traders I have ever seen in my life.. ---- regards Juan, FE
I'm not what you think I'm...........

Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #617,012
  • Aug 16, 2021 11:45pm Aug 16, 2021 11:45pm
Quoting Pat Chiko
GU MAP Price finding liquidity. GAP area is where the clue for liwuidity. EDIT : Adding Daily TF Chart for clarity. {image} {image}
Hello PAT,

newbie Questions:
1) All I see are the continuous candles. How do I find a GAP and when it is filled? Is there any tutorial or lesson around?
2) What is GAP to start with?


Thanks in advance bro.
  • #617,013
  • Aug 16, 2021 11:48pm Aug 16, 2021 11:48pm
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Quoting digger1
{quote} Lol,, just about need a calculator for the pages now ,more pages than pips for a day lol ,,,, ,, still only fifty pips ,,,,,,,,,,, boys a bit confused ,,,,,,, half way thru a quarter and here it is an even wash ,,,,all them damn places it was going lol,,,,,, reckon they get their mind made up soon ,,,,,, as ya get told at closing time ,, dont have to go home but ya cant stay here ,,,,,,,,, its got to go somewhere ., the merry go round has to spin ,, it has too ,,,,,,, so it cant stay here {image}
Morning Digger . That’s complicated lol just keep it simple … harvest the wheat and then plenty of $Dough 3770 next .. regards as ever B . Ps we can see the range and it’s pattern 2 ms
  • #617,014
  • Aug 16, 2021 11:49pm Aug 16, 2021 11:49pm
Quoting Waveskierrob
{quote} I'll try and help it on its way, short 1.3866 no tp no sl
closed 1.3806 + 60 pips
  • #617,015
  • Aug 16, 2021 11:54pm Aug 16, 2021 11:54pm
looking at 1hr chart right now its risky to go long why?
that hourly candle look very healthy

sellers are not done yet
MY OPINION NOT FINANCIAL ADVISE
  • #617,016
  • Aug 16, 2021 11:54pm Aug 16, 2021 11:54pm
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We have a few gold diggers here so not the right thread but it’s snaked it’s way up I have been selling but hedging on the inner tl breaks just sold again stop on the top of the tl
  • #617,017
  • Aug 16, 2021 11:54pm Aug 16, 2021 11:54pm
... move down already @ the 50% downside extension of y/day's small range dly candle...85.4% 3791-3878 exceeded now too downside also as the prev 1hr/4hr/minor dly sw lo to 3791 is in view as price enters the dly part of it. The bottom of said zone is coexistent with a prev dly sw hi = prev res = pot rbs zone that extends down to circa 3771 and @ 3776 there is 50% of the recent 3572-3983 move.

1hr below.
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Trader with an Edge.
  • #617,018
  • Aug 16, 2021 11:55pm Aug 16, 2021 11:55pm
Quoting Theoak
Short in at 1.3817 .. will add if previous low broke stop losses will be taken out for a swift sail to 1.3800 ish... run the rest
14 pips taken on the 1.3817 trade the trade taken on the break of lows running... Stops at break even now!! Made approx 40 pips on trades yesterday!
Don't trade what you think. Just what you see!!!
  • #617,019
  • Aug 16, 2021 11:55pm Aug 16, 2021 11:55pm
Quoting MTF Test
{quote} I think I got to tell you this. may be for all the others which might help to boost their trading career. I have been succefull for past few year using the my extreme scalping methods. though my wining ratio was below 50%. But looking at your comments and charts I have decided to look in to higher time frames such as daily and 4H which gave me a grip. My winning ratio's were increased dramatically. I think I should thank you for that. Something which i have achieved last week I am dedicating it for you. {image}

Congratulation Jude for your excellent performance.
you deserve it, with dedication and articulate chart analysis.

Nice, to hear that I could help.
Everyone has to learn, its good that you are aware of it.
Awareness is important element in trading that is rarely talked about, it also applies to life in general terms.

The way I learned to do it, was to always question myself, why I am doing something.
At the beginning it is hard, but once you start to build up a relax, you start to make less mistakes, which saves you capital at the end.

Best regards

PAT

P/s keep posting as your insight are valuable for this thread.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #617,020
  • Aug 16, 2021 11:57pm Aug 16, 2021 11:57pm
Quoting Headland
... move down already @ the 50% downside extension of y/day's small range dly candle...85.4% 3791-3878 exceeded now too downside also as the prev 1hr/4hr/minor dly sw lo to 3791 is in view. 1hr below. {image}
its wrong to set fibo on the low or high of the current candle of the Tf you are viewing.

fibo is a swing of higher high or lower lower
MY OPINION NOT FINANCIAL ADVISE
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