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Cable Update (GBPUSD)

  • #619,761
  • Aug 27, 2021 1:56pm Aug 27, 2021 1:56pm
Quoting Houtbay
Dofrisay, every time frame has different waves. Waves are actually support or resistance lines. If one misreads the wave then one gets the support/resistance wrong.

Hi Pat,

You’re one of a kind...
If you had chosen to become a footballer or a doctor; you would have been a good one still.
Please can you post a list of abbreviation you use often. It will make learning from you a little easier.

Cheers!
BigN
My telegram: https://t.me/avidforex
  • #619,762
  • Aug 27, 2021 1:57pm Aug 27, 2021 1:57pm
Quoting Pat Chiko
{quote} GU Gimme one spike ! to go on the weekend. {image}

Hi Pat,

You’re one of a kind...
If you had chosen to become a footballer or a doctor; you would have been a good one still.
Please can you post a list of abbreviation you use often. It will make learning from you a little easier.

Cheers!
BigN
My telegram: https://t.me/avidforex
  • #619,763
  • Aug 27, 2021 2:02pm Aug 27, 2021 2:02pm
No shorts for me..
Great weekend!!
  • #619,764
  • Aug 27, 2021 2:02pm Aug 27, 2021 2:02pm
Usdjpy approaching its 5th wave which should push it down to 109.700
  • #619,765
  • Aug 27, 2021 2:03pm Aug 27, 2021 2:03pm
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Quoting Pram808
today is retrace day so it will go long to anticipate bearis trend for next week
i do believe price still have power to that area before strating drop for next week

Have a nice weekend bruh
Using Chaos to Finding Order
  • #619,766
  • Aug 27, 2021 2:15pm Aug 27, 2021 2:15pm
Quoting mysterio
Keeping a short bias whilst we're in daily supply In a bit of draw, next week will bring some clarity {image}
Your Short Bias is very intact as far as price doesn't break or stays below 1.3786 area.

Important Note: -
✓ Since price touched 1.4249 in early June there has been no two consecutive bullish weekly close...
✓ Since January 2021 there has been no two consecutive last 2 trade days bullish finish of the month...
✓ Since Year 2014, only 1 August (Year 2020) has ended Bullish, 5 of the last 7 August had ended bearish with only one August ending as a doji.

Bias is heavily tilted to the downside of 1.3516 in days ahead as far as price does not break or stay above 1.3786.

Cheers,
George.
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Data + Stat + Risk/Emotions Management
  • #619,767
  • Aug 27, 2021 2:23pm Aug 27, 2021 2:23pm
Quoting Georginson
{quote} Your Short Bias is very intact as far as price doesn't break or stays below 1.3786 area. Important Note: - ✓ Since price touched 1.4249 in early June there has been no two consecutive bullish weekly close... ✓ Since January 2021 there has been no two consecutive last 2 trade days bullish finish of the month... ✓ Since Year 2014, only 1 August (Year 2020) has ended Bullish, 5 of the last 7 August had ended bearish with only one August ending as a doji. Bias is heavily tilted to the downside of 1.3516 in days ahead as...
Exactly yeah. Daily close above that exact price and I'm out and switch to bullish
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  • #619,768
  • Aug 27, 2021 2:24pm Aug 27, 2021 2:24pm
Quoting MTF Test
{quote} Please. I need the price to go down first to TP then you have your Spike. {image}
Hey Jude,

Posted chart below to share WHY am I looking for a spike up to the next zone.

This is just pure price action on how I read my chart.

Open for discussion and ideas.

Price Action marked "A" completed earlier

We are in the process of completing Price Action marked "B" now.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #619,769
  • Aug 27, 2021 2:25pm Aug 27, 2021 2:25pm
The candle setup couldn't be more bullish...come on guys, there will be enough short opportunities above 1.40...maybe even 1.42...why short so low as 37xx. Dollar might crash next week...I will be buying dips on EU, GU and Gold.
Everyone can see the chart, but only a few can actually read it.
  • #619,770
  • Aug 27, 2021 2:26pm Aug 27, 2021 2:26pm
so ,
don't mess with super long wick is a very reliable message ,its not going back in it, to the next level
if you think Powell said he was talking about talking about tapering your wrong ,
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #619,771
  • Aug 27, 2021 2:30pm Aug 27, 2021 2:30pm
Quoting OnlineAddict
The candle setup couldn't be more bullish...come on guys, there will be enough short opportunities above 1.40...maybe even 1.42...why short so low as 37xx. Dollar might crash next week...I will be buying dips on EU, GU and Gold.
Mr.Homer Simpson OnlineAddict you have to mention Mr.Georginson, I love watching you two show lol
Daddy, Brother, Lover, Little Boy
  • #619,772
  • Aug 27, 2021 2:35pm Aug 27, 2021 2:35pm
the long wick trap is still in play
more than likely this is a bullish candle retest ,this range holds tight
its all about the week open then monthly close
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #619,773
  • Aug 27, 2021 2:35pm Aug 27, 2021 2:35pm
Quoting OnlineAddict
I see many bears...staying long, easy trade.
I remember this post of yours ... With caption easy peasy to 1.3850 and price did shoot down to 1.3601 two days later. This is not in anyway a dig at you but a request to educate us on why you are bullish biased to 1.40 - 1.42...
Data + Stat + Risk/Emotions Management
  • #619,774
  • Aug 27, 2021 2:41pm Aug 27, 2021 2:41pm
Quoting Georginson
{quote} I remember this post of yours ... With caption easy peasy to 1.3850 and price did shoot down to 1.3601 two days later. This is not in anyway a dig at you but a request to educate us on why you are bullish biased to 1.40 - 1.42...
I know, I also posted this the next day or so:

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I don't change my mind on trades because of a little drawdown...especially if its around 100 pips, which is nothing on cable. Staying bullish...I see no reason to sell cable(other than for intraday scalps), neither technical, nor fundamental.
Everyone can see the chart, but only a few can actually read it.
  • #619,775
  • Aug 27, 2021 2:43pm Aug 27, 2021 2:43pm
Quoting Mr.Burger
{quote} Mr.Homer Simpson OnlineAddict you have to mention Mr.Georginson, I love watching you two show lol
Hola Juan,

enjoying Bali now ? Hope you're going participate in Jakarta-Bali Marathon in coming September.

Anyway don't drive in the wrong place in Bali.

Take care

PAT

Attached Image
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #619,776
  • Aug 27, 2021 2:47pm Aug 27, 2021 2:47pm
this is a great strategy that i discovered today
it combine oversold and over bought area with a signal in the opposite direction
you can't take short after an over sold signal
and verse verse
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yes yes yes
  • #619,777
  • Aug 27, 2021 2:47pm Aug 27, 2021 2:47pm
Quoting Pat Chiko
{quote} Hola Juan, enjoying Bali now ? Hope you're going participate in Jakarta-Bali Marathon in coming September. Anyway don't drive in the wrong place in Bali. Take care PAT {image}
Pat Chiko, my best firend I love you so much lol, btw I don't see your little brother waveskierrob lately where has he been?

--- Have a great weekend budd
Daddy, Brother, Lover, Little Boy
  • #619,778
  • Aug 27, 2021 2:48pm Aug 27, 2021 2:48pm
Quoting Georginson
{quote} I remember this post of yours ... With caption easy peasy to 1.3850 and price did shoot down to 1.3601 two days later. This is not in anyway a dig at you but a request to educate us on why you are bullish biased to 1.40 - 1.42...
But I am out of all trades now, the long trades I mean...so I hope it drops some next week...I wouldn't buy at the top of the weekly candle obviously. Waiting for some bear action early in the week and a creation of a new support somewhere. I might be all wrong on this and it might just drop without stopping...then I won't touch it...lets see what happens.

With my bullish bias on EG, I still prefer EU longs...but I never open different trades on EU and GU...can't be bullish on one and bearish on the other, even though it happens, I simply can't trade those pairs that way...I either buy both or sell both.
Everyone can see the chart, but only a few can actually read it.
  • #619,779
  • Aug 27, 2021 2:48pm Aug 27, 2021 2:48pm
As I said before support is at 1.376. Currently price is selling downwards on 2 different time frames. If support is broken then the easy path is downwards. Let’s wait and see what happens
  • #619,780
  • Aug 27, 2021 2:53pm Aug 27, 2021 2:53pm
Quoting Bones
the long wick trap is still in play more than likely this is a bullish candle retest ,this range holds tight its all about the week open then monthly close {image} {image}
Candlestick pattern-the piercing line on the weekly chart if today's close is above 1.37405
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Always trade your own plan...I don't provide trading signals.
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