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Cable Update (GBPUSD)

  • #618,161
  • Aug 19, 2021 1:04pm Aug 19, 2021 1:04pm
Quoting genadi
{quote} why hate? for what?
I jea;ous of him coz he got more Dislikes (Thumb Down) than me.

Usually, I'm on lead everyday.

We're competing, who got most haters everyday.

He's leading now
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #618,162
  • Aug 19, 2021 1:06pm Aug 19, 2021 1:06pm
Thanks Pat. I will have a look at your recommendation. Nothing in life good comes without work and effort.
  • #618,163
  • Aug 19, 2021 1:08pm Aug 19, 2021 1:08pm
Anyone interested in Gold, have a look for the possible downside.
  • #618,164
  • Aug 19, 2021 1:08pm Aug 19, 2021 1:08pm
Quoting OnlineAddict
{quote} I have a different view...it could drop all the rest of the day today and still be bullish into tomorrow and rest of the week. 3850 easy peasy...
Hello mate, it finally came down to 1.3645. nothing is definite or easy in forex and we can all see this and take some flexibility pill.

Best regards,
George.
Data + Stat + Risk/Emotions Management
  • #618,165
  • Aug 19, 2021 1:15pm Aug 19, 2021 1:15pm
Quoting Pat Chiko
{quote} A lot of post in this thread, mostly are rubbish especially from me and Waveskierrob. If you're serious on how to trade successfully, read Techanalyst's post Cable set up Swing Cable Swing 2 Cable Swing 3 He didn't say much, but his chart is valuable. Regards...
Not to mention Tech's people skills
  • #618,166
  • Aug 19, 2021 1:16pm Aug 19, 2021 1:16pm
Quoting Pat Chiko
{quote} Do you know that this Thread is voted the best in FF as most liked everyday ? In here, we don't work like telling others how to trade. You've to put up your trade ideas, analysis and description a bit, share with us. You will get comments from others ( good or bad) and this way you will see how to trade it in more safe and profitable ways. If you ask others to feed you signal, regrt to inform you , nobody will do it. Post your chart and analysis, we work out from there. Best Regrds PAT
Well i wasnt looking for a signal actually, I just wanted to know the opinion of the other guys and really, just see what they have to say becuz everyone has a different perpective from me and im new stills
  • #618,167
  • Aug 19, 2021 1:21pm Aug 19, 2021 1:21pm
Quoting mashfx
I position trade on m1 charts
Hi Mash.

I enjoy writing and hope one day to write a book with Waveskierrob as my ghost writer.

My notes on trading Low Time Frame. M1) versus my Scalping H4.

The bias is whatever you've identified as the "long term trend" and the "short term trend" merely acts as the trigger.

The problem is, when you're trading the short-term only, there is no trend.
So how are you supposed to identify what the bias is?
It's going to be very tricky... but it can be done.
And in my opinion, it MUST be identified solely off of the technical (chart), because nothing else is even close to as accurate, if it is capable of even predicting at all.

For these reasons, I agree with your point that short-term trading is the more difficult part of trading (by many fold), and if you can trade successfully in the short-term, then you can certainly trade successfully in the long-term.

The only difference is just waiting longer periods of time, ie: basically having patience, and that is something I am still working on when I say "I lack the discipline".

Don't assume that short-term trades always start off in your direction, because they do not...
Even short-term trades need time to "go the right way" (ie: drawdown).

Best Regards

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #618,168
  • Edited 1:35pm Aug 19, 2021 1:22pm | Edited 1:35pm
Quoting kerndc
a GBPUSD weekly Head and Shoulder pattern formation. {image}

Update on GBPUSD Weekly H&S pattern formation.

i want to share how i draw the neckline. IMHO the neckline is important as it determines the confirmation of the pattern in this case to go short.

I draw the neckline using the line graph not the candlestick graph once i determine the neckline on the line graph i apply the candlestick graph for the confirmation.

clearly this week the neckline is going to be broken and imo it is confirmation of the selling bias.

i will enter a sell trade regardless of the pattern.

Regardless because of the environmental factors are now clearly in favor of a weaker pound and stronger dollar. I

we may not see 1.37 again for a long time to come.


[GBP/USD remains heavily offered below 1.3700 mark, one-month lows
AUGUST 20, 2021 12:52 AM AEST
[COLOR=#B2BFD0 !important]SOURCE: [/color]FXSTREET
GBPUSD

  1. Strong follow-through USD buying prompted fresh selling around GBP/USD on Thursday.
  2. The risk-off mood and the Fed’s tapering plan continued acting as a tailwind for the USD.
  3. Diminishing odds for a BoE rate hike in the near future further undermined the sterling.}


for a optimal entry the trader could wait for a pullback to the neckline for an optimal entry.

the stop loss i will use for this pattern is the general area above the right shoulder. STOP LOSS 1.3982

PROFIT must be greater but no less than 1:1 from EOW price.

regards.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd-w1-forex-capital-markets.png Size: 37 KB
Click to Enlarge Name: gbpusd-w1-forex-capital-markets-2.png Size: 43 KB
Trend_Masters
  • #618,169
  • Aug 19, 2021 1:31pm Aug 19, 2021 1:31pm
Quoting mashfx
{quote} well, I beg to differ IMO he and other two stooges (herethere,nordling something) post well known facts that are common sense act like know-it-all gurus without any trackrecords. IOH I learn things from you two still use your shared indicators
I see that you were talking behind my back, such a childish and loser thing to do. Grow up and get a life.

Current GU trade:

Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 47 KB




Current USDCHF trade:

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.png Size: 48 KB


I also helped some people make profits with my trading advice on GU lately.

See those sniper entries on these charts? I literally posted them before the fact as well and you call that "well known common sense" ? Are you really dumb enough think these are common sense? Didn't you see my previous success on EU and GU too? Oh you will remember it from the past months.

Show me a better position trader than me and Techanalyst in this forum then. Show it. Prove it if our knowledge is " well known common sense"

Those who talk from behind my back can suck what's in front of me.
You have to have an IQ higher than 90 to interact with this user.
  • #618,170
  • Aug 19, 2021 1:38pm Aug 19, 2021 1:38pm
Is that nearly 200 pips down in 4 days?
Insane in the Brain..
  • #618,171
  • Aug 19, 2021 1:40pm Aug 19, 2021 1:40pm
Quoting Nordling00
{quote} I see that you were talking behind my back, such a childish and loser thing to do. Grow up and get a life. Current GU trade: {image} Current USDCHF trade: {image} I also helped some people make profits with my trading advice on GU lately. See those sniper entries on these charts? I literally posted them before the fact as well and you call that "well known common sense" ? Are you really dumb enough think these are common sense? Didn't you see my previous success on EU and GU too? Oh you will remember it from the past months. Show me a better...
For the first time in my 52 years of being on this plant " I am lost for words"
  • #618,172
  • Aug 19, 2021 1:40pm Aug 19, 2021 1:40pm
Quoting BeeTogether
Is that nearly 200 pips down in 4 days?
Yeah, isn't it awesome
You have to have an IQ higher than 90 to interact with this user.
  • #618,173
  • Aug 19, 2021 1:43pm Aug 19, 2021 1:43pm
i guys would never beieve this, this morning i tried to hedge my position because i thought it may bounce for a few pips..i pressed buy and my trade platform said trade was invailid, i pressed again and realised just before leaving the home i have double-entry buy

I cut my sells..to early now i think im in trouble..looking for a bounce to 1.3750 at least..I think the neckline thing is to early..a least i pray it is
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h8-admiral-markets-group.png Size: 166 KB
  • #618,174
  • Aug 19, 2021 1:44pm Aug 19, 2021 1:44pm
Quoting Waveskierrob
{quote} For the first time in my 52 years of being on this plant " I am lost for words"
He needed to hear that. He keeps writing bad things about me yet i have always proved him my success. Always posted my bad and good trades, not cherrypicked anything. He even saw my real face and real insta account but he is blaming me "for not being real"

I did everything i can to tolerate his bratty accusations, but it's enough. He is just a bully.

Note: He is also the real stooge here. He messed with me just because i have roasted his friend Bones back in the times.
You have to have an IQ higher than 90 to interact with this user.
  • #618,175
  • Aug 19, 2021 1:46pm Aug 19, 2021 1:46pm
I really do feel like I'm due for another suspension
  • #618,176
  • Aug 19, 2021 1:46pm Aug 19, 2021 1:46pm
if Down Trend, wait for Red Dot WanyokHiLo_KP.
OK it's nice work ....

ServerUang
Attached Image (click to enlarge)
Click to Enlarge Name: Dot Wanyok.png Size: 64 KB
  • #618,177
  • Edited 1:58pm Aug 19, 2021 1:46pm | Edited 1:58pm
Quoting Pat Chiko
{quote} Hi Mash. I enjoy writing and hope one day to write a book with Waveskierrob as my ghost writer. My notes on trading Low Time Frame. M1) versus my Scalping H4. The bias is whatever you've identified as the "long term trend" and the "short term trend" merely acts as the trigger. The problem is, when you're trading the short-term only, there is no trend. So how are you supposed to identify what the bias is? It's going to be very tricky... but it can be done. And in my opinion, it MUST be identified solely off of the technical (chart), because...
Hi Pat,

I agree with you. I don't really care about trends or fundamentals. Instead, I'm trying improve my skill to trade my way out of a paper bag. I've experienced my self that risking 1%, using tight SL, and better R:R all those BS don't work in real trading because everyone follow these rules even they were told 95% of them would lose by following same rules. In short, it doesn't really matter if you buy or sell as long as you know how to get out with some profit or worst @BE. So, I buy at the top or sell at the bottom to challenge myself
who dares wins
mashFX DSRII Return This Year: na
  • #618,178
  • Aug 19, 2021 1:47pm Aug 19, 2021 1:47pm
Quoting nAVIN2007
i guys would never beieve this, this morning i tried to hedge my position because i thought it may bounce for a few pips..i pressed buy and my trade platform said trade was invailid, i pressed again and realised just before leaving the home i have double-entry buy I cut my sells..to early now i think im in trouble..looking for a bounce to 1.3750 at least..I think the neckline thing is to early..a least i pray it is
you me both bro! I’m hoping we have the bounce back by the time we hit 136-13630
Insane in the Brain..
  • #618,179
  • Aug 19, 2021 1:48pm Aug 19, 2021 1:48pm
Quoting Nordling00
{quote} I see that you were talking behind my back, such a childish and loser thing to do. Grow up and get a life. Current GU trade: {image} Current USDCHF trade: {image} I also helped some people make profits with my trading advice on GU lately. See those sniper entries on these charts? I literally posted them before the fact as well and you call that "well known common sense" ? Are you really dumb enough think these are common sense? Didn't you see my previous success on EU and GU too? Oh you will remember it from the past months. Show me a better...
anyone post "cherry picked" screenshots
who dares wins
mashFX DSRII Return This Year: na
  • #618,180
  • Aug 19, 2021 1:50pm Aug 19, 2021 1:50pm
Quoting mashfx
{quote} Hi Pat, I agree with you. I don't really care about trends or fundamentals. Instead I'm trying improve my skill to trade my way out of a paper bag. I've experienced my self that risking 1%, using tight SL, and better R:R all those BS don't work in real trading because everyone follow these rules even they were told 95% of them will lose by following same rules. In short, it doesn't really matter if you buy or sell as long as you know how to get out with some profit or worst @BE. So I buy at the top or sell at the bottom to challenge myself...
YES YES YES
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