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Cable Update (GBPUSD)

  • #620,441
  • Sep 1, 2021 3:08am Sep 1, 2021 3:08am
Quoting pipibrasci
{quote} Thanks Pat. Actually its sort of like a scanner and it helps me to identify key criteria (structure_patterns/candlestick_patterns/major S&R/Trend) across all 8 currencies. Then anyone (indexes) i find interesting I narrow down to the D1 and H4 TFs and focus on those pairs for the week! Nevermind i'll post GBP/USD indexes ONLY going forward. .
No problem there.

You can post as you like.

But , if start to focus on single/or two will definetly help you to trade better.

Best wishes to your trade.

Trade Well Bro.

Regards

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #620,442
  • Sep 1, 2021 3:12am Sep 1, 2021 3:12am
GU

Waiting for this H4 to close.

Set up may happen on the next H4 candle.

ATM, no trade.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #620,443
  • Sep 1, 2021 3:14am Sep 1, 2021 3:14am
Quoting Pat Chiko
{quote} Hi Bee. Wish you best of trade for this September. Many many green pips to your lap. This is a business based on probabilities. We all just need to make and educated guess. But we need to get on the ride. If not there's no way of knowing until you get your hands on the fire. (not pants on fire) Regards PAT
thanks buddy and many greenpips to you too!

Crazy last few weeks on cable here’s hoping we can tame the beast and work to make some good money

edit: I’m out of trades now until I see a decent entry point
Insane in the Brain..
  • #620,444
  • Sep 1, 2021 3:15am Sep 1, 2021 3:15am
Quoting Wavegarrick
{quote} My weekly pivot at 1.37223 beckons. Have a great day, Cheers. {image}
Hi Guys,
I am setting up for a short cycle from a 4hr perspective. Short trade entered with a 25 pip stop loss. My daily pivot is at 1.37672 and I could look to add more short trades.
Trade safe
Cheers.
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Trade to trade another day
  • #620,445
  • Sep 1, 2021 3:25am Sep 1, 2021 3:25am
At the moment I have the trend for Gbpusd up and Eurusd down. Strange because normally they move together
  • #620,446
  • Sep 1, 2021 3:33am Sep 1, 2021 3:33am
GU

Wedge / Corrective on Daily TF

Traders and some professional Technical Analyst use the Technical studies as if, it were the "Holy Grail" of trading & their pathway to the millions.

How far that is from the truth.

Any person with a good trading knowledge, will ultimate come to the realisation that these are just tools.
Tools that are built on historical and lagging databases.

Moreover the rigidity of the parameters used in the studies imposes rigid responses to changing market conditions.

Have we forgotten that the market is a live beast that learns and adapts to trader behaviours?
Many have forgotten that the market is the sum total of the behaviour of the participants engaged in the market place.

These tools are used for measuring the markets health, not so unlike the thermometer to a doctor, or the measuring tape to a carpenter, just a tool.

Trade Well & Safely.

PAT

Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #620,447
  • Sep 1, 2021 3:35am Sep 1, 2021 3:35am
Quoting Houtbay
At the moment I have the trend for Gbpusd up and Eurusd down. Strange because normally they move together
They went separate ways after Brexit divorce.

I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #620,448
  • Sep 1, 2021 3:40am Sep 1, 2021 3:40am
Quoting Pat Chiko
{quote} They went separate ways after Brexit divorce.
haha when they out from UE , they become more vigilant
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #620,449
  • Sep 1, 2021 3:42am Sep 1, 2021 3:42am
Still no decent entry point for me. Prefer the lower areas for long and higher area for short. Currently it’s neither here or there
Insane in the Brain..
  • #620,450
  • Sep 1, 2021 3:48am Sep 1, 2021 3:48am
Quoting Pat Chiko
GU Wedge / Corrective on Daily TF Traders and some professional Technical Analyst use the Technical studies as if, it were the "Holy Grail" of trading & their pathway to the millions. How far that is from the truth. Any person with a good trading knowledge, will ultimate come to the realisation that these are just tools. Tools that are built on historical and lagging databases. Moreover the rigidity of the parameters used in the studies imposes rigid responses to changing market conditions. Have we forgotten that the market is a live beast that...
HH and HL for me. That level you mentioned happen to be a Fib 61.8% on daily.
Lost....
  • #620,451
  • Sep 1, 2021 3:53am Sep 1, 2021 3:53am
Quoting gespiri
{quote} HH and HL for me. That level you mentioned happen to be a Fib 61.8% on daily.
I don't know how to use /fib.

Sorry for that.

Maybe I will learn fib next year.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #620,452
  • Sep 1, 2021 3:56am Sep 1, 2021 3:56am
Quoting BeeTogether
Still no decent entry point for me. Prefer the lower areas for long and higher area for short. Currently it’s neither here or there
Setting up longs, have a long open on the break of the 15 range. have entries at the bottom as well
  • #620,453
  • Sep 1, 2021 3:58am Sep 1, 2021 3:58am
I short here @1.3755 TP: 1.370x
  • #620,454
  • Sep 1, 2021 4:02am Sep 1, 2021 4:02am
Quoting Pat Chiko
{quote}Point to ponders :- Why do we have trends if the market is so random? Why will a support or resistance level hold for decades?
Interesting topic. There are trends and all the patterns in randomness. I bet you know this.

Plotting a list of the successive accumulated totals of 2000 random reals {-1, 1}
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A wide playground for Fibs, harmonics, etc.
Air force
  • #620,455
  • Sep 1, 2021 4:11am Sep 1, 2021 4:11am
August High 1.3957 versus 1.3980 forecasted High (-23 pips difference)

August Low 1.3601 versus 1.3516 forecasted Low (-85 pips difference)

Accuracy level 70%.

Now September 2021 Forecast

Possible High 1.3813
Possible Low 1.3250

Bias: Heavily Bearish.
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Data + Stat + Risk/Emotions Management
  • #620,456
  • Sep 1, 2021 4:15am Sep 1, 2021 4:15am
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yes yes yes
  • #620,457
  • Sep 1, 2021 4:15am Sep 1, 2021 4:15am
Quoting Pat Chiko
GU Wedge / Corrective on Daily TF Traders and some professional Technical Analyst use the Technical studies as if, it were the "Holy Grail" of trading & their pathway to the millions. How far that is from the truth. Any person with a good trading knowledge, will ultimate come to the realisation that these are just tools. Tools that are built on historical and lagging databases. Moreover the rigidity of the parameters used in the studies imposes rigid responses to changing market conditions. Have we forgotten that the market is a live beast that...
Hello Prof,

Thank you for your Analysis.
What are those dotted lines in your chart and what candle do you basically look for when drawing your Support and Resistance lines..

Thank you.
David
My telegram: https://t.me/avidforex
  • #620,458
  • Sep 1, 2021 4:20am Sep 1, 2021 4:20am
Inserted Video
not euphoria follower
  • #620,459
  • Sep 1, 2021 4:21am Sep 1, 2021 4:21am
Quoting Maximumheigh
I short here @1.3755 TP: 1.370x
I got the same number ...sold 1.3755 SL 1.3785...
The pattern today looks very similar
  • #620,460
  • Sep 1, 2021 4:21am Sep 1, 2021 4:21am
Will short on a break below 3730 to take us into first wave down target 3679

Attached Image (click to enlarge)
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