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Cable Update (GBPUSD)

  • #618,481
  • Aug 21, 2021 4:51am Aug 21, 2021 4:51am
hopefully it's useful
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--- have a great weekend everyone
Daddy, Brother, Lover, Little Boy
  • #618,482
  • Aug 21, 2021 5:04am Aug 21, 2021 5:04am
Quoting Mr.Burger
hopefully it's useful {image} --- have a great weekend everyone
Mr Burger,
Very good analysis, thanks for sharing!
  • #618,483
  • Edited 8:50am Aug 21, 2021 5:28am | Edited 8:50am
Quoting BeeTogether
{quote} Yeah took a massive hit but I personally should have pulled out at 138 and followed the down trend. We are at the end of the down movement I think however there is room for at least another 60-80 pips down first
Hi BeeTogether,
Sorry to hear for your loss. I know how you feel.
It is very hard to switch your entries especially when you still believe in one direction and hoping pair to retrace. We have to follow the facts and face reality, otherwise we loose.
I had to make my choice and close my trades. I have noticed I was overtrading, not taking profits in time, kept my positions open to long, usual mistakes everyone is facing.
I had to stop and rethink.
Start fresh.
Make a new plan and follow.
Do research.
Avoid same mistakes happening again.
Take profits or others will.
So much to learn...
To everyone-
thanks for sharing your knowledge, views and analysis, much appreciated!
  • #618,484
  • Aug 21, 2021 5:34am Aug 21, 2021 5:34am
My analysis of Eurusd the cross has also started a downward cycle on the daily. The retracement should have come to an end on the 4 hour at 1.17030. So it’s path should be downwards
  • #618,485
  • Aug 21, 2021 5:42am Aug 21, 2021 5:42am
A human being is a creature of habit. We don’t like to change, or realise our faults. We hang on to habits which are detrimental to ourselves in the avoidance of pain. When something does not work, find reason why and move forward and correct old behaviours. Instead we hold onto the past and replay the same tapes(behaviours) in order to protect the ego all to our own peril.
  • #618,486
  • Aug 21, 2021 5:56am Aug 21, 2021 5:56am
Quoting Georginson
{quote} Thanks mate... Happy weekend to you. {quote} I will check the chart at length this weekend to look into the possibility of 1.3715 and revert. Cheers. {quote} Thanks mate, I'm flattered... Will see what next week will hold for us.

yes, i shall await..interesting in know what your thoughts are, I'm in trouble here...I ended up buying twice at a lot size too big for my account and am concerned regarding for fall. But I think there is a fair chance to see above 1.37 to some extent?

I have 2 entries of 0.08 lot..bad hedge idea which went wrong cause MetaTrader said trade invalid but it went through and I pressed again
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  • #618,487
  • Aug 21, 2021 5:59am Aug 21, 2021 5:59am
...wkly candle indeed looks very bearish - a bearish thrust candle....it comes after the L @ 3572 and LH @ 3983 on this wkly t/f, and from this chart at least it looks like there is a fair likelihood we will see a LL south of that 3572 L at some point? Time will tell.

wkly below.
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Trader with an Edge.
  • #618,488
  • Aug 21, 2021 6:03am Aug 21, 2021 6:03am
Quoting nAVIN2007
{quote} yes, i shall await..interesting in know what your thoughts are, I'm in trouble here...I ended up buying twice at a lot size too big for my account and am concerned regarding for fall. But I think there is a fair chance to see above 1.37 to some extent? I have 2 entries of 0.08 lot..bad hedge idea which went wrong cause MetaTrader said trade invalid but it went through and I pressed again {image}
Wow... The broker server caused this error for you, whichever way I believe it can be resolved when price gets to 1.37 area.

I will look at the chart and we will discuss various scenarios of prices and especially the possibility of 1.37 happening again. I will check the chart and revert before market reopens.

Be calm as always.
Data + Stat + Risk/Emotions Management
  • #618,489
  • Aug 21, 2021 6:04am Aug 21, 2021 6:04am
Quoting Headland
...wkly candle indeed looks very bearish - a bearish thrust candle....it comes after the L @ 3572 and LH @ 3983 on this wkly t/f, and from this chart at least it looks like there is a fair likelihood we will see a LL south of that 3572 L at some point? Time will tell. wkly below. {image}

I think thee is a head and shoulder formation and we are around the neckline..I do think it can break yet without taking a leg up..if it breaks or is broken the move south is going to be fierce..which im concerned about
  • #618,490
  • Aug 21, 2021 6:06am Aug 21, 2021 6:06am
Quoting Georginson
{quote} Wow... The broker server caused this error for you, whichever way I believe it can be resolved when price gets to 1.37 area. I will look at the chart and we will discuss various scenarios of prices and especially the possibility of 1.37 happening again. I will check the chart and revert before market reopens. Be calm as always.
Thx bro...the joke is the broker is telling to send them the logs and there is no mention of invalid trade entry being logged so they think i am lying

the amazing thing is:- I pressed buy and there was absolutely no drawdown...LOL
  • #618,491
  • Edited 10:14am Aug 21, 2021 6:17am | Edited 10:14am
Theres no way they can taper this ,there can only be talk .
This asset sheet purchase can't fall without popping an ever bigger bubble since the original temporary QE1 .
No QE has ever been successfully tapered on any QE program...
every QE is bigger and/or longer in time .
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #618,492
  • Edited 8:35am Aug 21, 2021 6:21am | Edited 8:35am
I've sampled a few screenshots from various social sources over time.
I hope they don't mind me sharing here for educational purpose.

First, analise the chart and make a plan.
Follow the flowchart before opening a trade -
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Supply & Demand example, there are so many other examples available -
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Continuation chart pattern -
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Determine patterns, will help you on trade direction, major ones here-
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There are so many other interesting patterns available.

Hope this helps x
  • #618,493
  • Aug 21, 2021 6:31am Aug 21, 2021 6:31am
Bigbul, can you view the attachments? My size is always to big to upload, I had to crop all pics.
  • #618,494
  • Aug 21, 2021 6:33am Aug 21, 2021 6:33am
Quoting Jolita
Bigbul, can you view the attachments? My size is always to big to upload, I had to crop all pics.
no Jolita there is show,,search box,,kindly share it again.
  • #618,495
  • Aug 21, 2021 6:34am Aug 21, 2021 6:34am
Quoting Jolita
Bigbul, can you view the attachments? My size is always to big to upload, I had to crop all pics.
Attachment Not Found

Sorry, you have requested an invalid page. You may find what you are looking for by searching below. If you believe you have reached this notice in error, please submit a contact form.

Search Forex Factory:
i see this masg.
  • #618,496
  • Edited 5:57pm Aug 21, 2021 6:38am | Edited 5:57pm
Quoting Bigbul
{quote} Attachment Not Found Sorry, you have requested an invalid page. You may find what you are looking for by searching below. If you believe you have reached this notice in error, please submit a contact form. Search Forex Factory: i see this masg.
Keep having same problem with FF.
Limiting upload size.

P. S. I like fine quality, my pics have highest pixel levels and max size.
Anyway, cropt and edited now.

Thanks, J
  • #618,497
  • Aug 21, 2021 6:39am Aug 21, 2021 6:39am
Quoting Jolita
{quote} Keep having same problem with FF. Limiting upload size.
i think you take big pixel screen sht,
  • #618,498
  • Aug 21, 2021 6:45am Aug 21, 2021 6:45am
Quoting Jolita
I've sampled a few screenshots over time and would like to share this with you. Might be usuful for some of you. Analise and make a plan Follow a flowchart before opening a trade - {image}{image} Supply & Demand example, there are so many other examples available - Continuation chart pattern - Determine Patterns, will help you on trade direction, major ones - There are so many other interesting patterns available. Hope this helps x {image}
now it show! good things, useful for understanding .
  • #618,499
  • Aug 21, 2021 6:49am Aug 21, 2021 6:49am
Quoting nAVIN2007
{quote} Thx bro...the joke is the broker is telling to send them the logs and there is no mention of invalid trade entry being logged so they think i am lying the amazing thing is:- I pressed buy and there was absolutely no drawdown...LOL
Your broker will never admit it.
Data + Stat + Risk/Emotions Management
  • #618,500
  • Aug 21, 2021 7:00am Aug 21, 2021 7:00am
Quoting nAVIN2007
{quote} yes, i shall await..interesting in know what your thoughts are, I'm in trouble here...I ended up buying twice at a lot size too big for my account and am concerned regarding for fall. But I think there is a fair chance to see above 1.37 to some extent? I have 2 entries of 0.08 lot..bad hedge idea which went wrong cause MetaTrader said trade invalid but it went through and I pressed again {image}
There is always possibility my broh... if next week is consolidation or even correction phase to close monthly . 3700 - 3800 is waiting . I did already clear all sell position in GU and stay flat on this pair around 369x ( even am in deep bearish bias on cable.) i already saw bullish div on H1 . But it's just me and could be wrong . Hv a great weekend for all
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