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Cable Update (GBPUSD)

  • #621,921
  • Sep 7, 2021 8:57am Sep 7, 2021 8:57am
While waiting for GU, I took a sell entry on Gold... You can check it out if you wish...
Attached Image (click to enlarge)
Click to Enlarge Name: gold2.png Size: 19 KB
My telegram: https://t.me/avidforex
  • #621,922
  • Sep 7, 2021 9:01am Sep 7, 2021 9:01am
Quoting fxmasterdxb
Took a long, lets see where will price head from here {image}
My longs are surviving and doing well
Attached Image (click to enlarge)
Click to Enlarge Name: A34F5E6C-8A37-4DC5-8A0A-5B415FD3D711.png Size: 564 KB
  • #621,923
  • Sep 7, 2021 9:01am Sep 7, 2021 9:01am
Quoting BigNumbers
What was meant to help us trade; is now our biggest problem... INDICATORS
No Sir,
Indicators should only alert you to a possible situation that could occur on a particular instrument. This is only the beginning. Once you have established a bearish/bullish candle close and so forth, you can act in the direction of your signal.
In a nutshell,
Cheers.
Trade to trade another day
  • #621,924
  • Sep 7, 2021 9:06am Sep 7, 2021 9:06am
Quoting BigNumbers
What was meant to help us trade; is now our biggest problem... INDICATORS

Big Numbers,
Why bother? To much chaos.
All you need is clear mind + logic.
Attached Image
  • #621,925
  • Sep 7, 2021 9:07am Sep 7, 2021 9:07am
Quoting Wavegarrick
{quote} No Sir, Indicators should only alert you to a possible situation that could occur on a particular instrument. This is only the beginning. Once you have established a bearish/bullish candle close and so forth, you can act in the direction of your signal. In a nutshell, Cheers.
Exactly as you say and I would add that in fact indicators without price action confirmation are pretty useless.
---------------------------------------------------

So the 'real' bulls were waiting at the bottom of that oft-mentioned 3708-66/64 zone then @ the 76.4% 3731-3892 and specifically in a prev 1hr/4hr sw lo x 2 zone = prev supp = pot supp and still in the prev dly sw hi x 2 zone = prev res = pot rbs. with price @ 117% of 30day adr. Decent v. hi-prob tradable pullback. Nice!

15min bearish hidden div now present.

1hr below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #621,926
  • Sep 7, 2021 9:09am Sep 7, 2021 9:09am
Quoting fxmasterdxb
{quote} My longs are surviving and doing well {image}
Nice shot!

I entered one too at 13777.
Suppose to be working
  • #621,927
  • Sep 7, 2021 9:15am Sep 7, 2021 9:15am
Quoting Wavegarrick
{quote} No Sir, Indicators should only alert you to a possible situation that could occur on a particular instrument. This is only the beginning. Once you have established a bearish/bullish candle close and so forth, you can act in the direction of your signal. In a nutshell, Cheers.
Yes but it is much easier to trade without indicators.... Everything you need is right there on the chart! The candles will tell you everything.
I suffered this for so long and thank God I'M DELIVERED!
I used thousands of indicators, the most profitable indicator of all the indicators I used was the Trend-envelope but I was so addicted to the 18 EMA AND 8 EMA..
These are all GABS...
My telegram: https://t.me/avidforex
  • #621,928
  • Sep 7, 2021 9:15am Sep 7, 2021 9:15am
Wow GN is flying
  • #621,929
  • Sep 7, 2021 9:16am Sep 7, 2021 9:16am
Quoting stevepatt
{quote} GBP/USD H4 OBservations Still holding Short Trade Target 1.37800 {image}
GBP/USD Short Trade Target Hit 1.37800

Entry 1.38340 Target 1.37800 Stop 1.38640 +54 Pips

Pending Long Trade 1.37850 Target 1.38500 Stop 1.3755

Long Trade Triggered 1.37850
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 7th Sept 21 GBP_USD Short Trade Result_20210907_15.00.png Size: 93 KB
Click to Enlarge Name: 7th sept 21 GBP_USD Pending Long Trade_20210907_15.05.png Size: 106 KB
  • #621,930
  • Sep 7, 2021 9:17am Sep 7, 2021 9:17am
Quoting BigNumbers
What was meant to help us trade; is now our biggest problem... INDICATORS
What some traders don't know is that indicators respond to Prices, while prices don't respond to indicators. You need to find out what prices respond to, then you can use indicators to cross-check it.

In my view, prices respond to distance covered (range) over a given period of time. This distance also comes in cycles, which can be cross-checked with certain resistance and support zones...

More on this much later.

Regards,
George.
Data + Stat + Risk/Emotions Management
  • #621,931
  • Sep 7, 2021 9:25am Sep 7, 2021 9:25am
If you had joined me on the Gold cruise.. You should be smiling now...
My lowest time frame is the 4HR and it is very peaceful...
Moving my stops to break even... 110 PIPS and still running..
Target is 230 PIPS
Attached Image (click to enlarge)
Click to Enlarge Name: gold3.png Size: 22 KB
My telegram: https://t.me/avidforex
  • #621,932
  • Sep 7, 2021 9:26am Sep 7, 2021 9:26am
And down it goes again….
Insane in the Brain..
  • #621,933
  • Sep 7, 2021 9:31am Sep 7, 2021 9:31am
Quoting BigNumbers
{quote} Yes but it is much easier to trade without indicators.... Everything you need is right there on the chart! The candles will tell you everything. I suffered this for so long and thank God I'M DELIVERED! I used thousands of indicators, the most profitable indicator of all the indicators I used was the Trend-envelope but I was so addicted to the 18 EMA AND 8 EMA.. These are all GABS...
In part, I agree with you but that's as far as it goes. Not all of us have time to stare at a chart all day. My personal life is more important. There is nothing better than being alerted to a possible situation and looking at a chart with a fresh mind and set of eyes. Just my view and we are all different.
Anyway, this is an age-old argument in forex, and the argument will never end. We should all trade how it suits our own needs and I leave it at that.
Cheers.
Trade to trade another day
  • #621,934
  • Sep 7, 2021 9:35am Sep 7, 2021 9:35am
GBPUSD is going to fall but there are so many supports along the way,,,, sell sell sell
Once it closes again below the second support zone... we are going to lock at least 100 pips

Trade with care
Attached Image (click to enlarge)
Click to Enlarge Name: gbp222.png Size: 27 KB
My telegram: https://t.me/avidforex
  • #621,935
  • Sep 7, 2021 9:41am Sep 7, 2021 9:41am
buy GU @ 1.3773

SL 1.3764

9 pips
  • #621,936
  • Sep 7, 2021 9:42am Sep 7, 2021 9:42am
Quoting donfriday
when london close i see a retrace of 25pips ..
London close approaching
Intraday only.
  • #621,937
  • Sep 7, 2021 9:43am Sep 7, 2021 9:43am
First daily fractal copy in progress , i do not mind missing the first , the best are yet to come, this is going to be some ride folks so fasten your seat belts


Attached Image (click to enlarge)
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Follow The Markets Structure - Patience and Discipline
  • #621,938
  • Sep 7, 2021 9:43am Sep 7, 2021 9:43am
Quoting genadi
buy GU @ 1.3773 SL 1.3764 9 pips
please, bring it up to 1.385x today without hitting my stops

  • #621,939
  • Sep 7, 2021 9:43am Sep 7, 2021 9:43am
Quoting pipfarm
First daily fractal copy in progress , i do not mind missing the first , the best are yet to come, this is going to be some ride folks so fasten your seat belts {image}
attachment does not exists
  • #621,940
  • Sep 7, 2021 9:43am Sep 7, 2021 9:43am
Be informed that GBPUSD has sold over 100 pips today so it won't be a wise decision to place a sell order today..
I guess daily average pips movement is 100 to 150 pips...
My telegram: https://t.me/avidforex
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