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Cable Update (GBPUSD)

  • #622,901
  • Sep 10, 2021 9:04pm Sep 10, 2021 9:04pm
i have marked where is liquidity and where still are open Gap but where price can go towards Liquidity or GAPs or till which GAP first i dont know.

I dont want to frame my mind with exact direction of the price, just follow the price.
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"Exchange of hands"
  • #622,902
  • Sep 10, 2021 9:07pm Sep 10, 2021 9:07pm
Quoting MTF Test
{quote} Hey Pat, Good see you after long time. I 'll be moving to 4H TF from Next Monday. Any learning materials would be nice. Trades would be near mid term. 1D to 3D max. I'll be looking at 17 Pairs.
Hi Buddy
My trading improve when I started to keep an eye on Daily chart. Daily chart filter out most of the noise.
MA provides the market's current direction and strength.
  • #622,903
  • Sep 10, 2021 9:12pm Sep 10, 2021 9:12pm
Quoting bilal1947
i have marked where is liquidity and where still are open Gap but where price can go towards Liquidity or GAPs or till which GAP first i dont know. I dont want to frame my mind with exact direction of the price, just follow the price. {image}
Hi bilal
IMO Liquidity grabbing not completed
MA provides the market's current direction and strength.
  • #622,904
  • Sep 10, 2021 9:18pm Sep 10, 2021 9:18pm
Quoting kris89
{quote} Quarter- 4 la enak di giling , pergerakan besar biasa terjadi di Q4 haha
Bulan apa aja enak )) swing ini .. hahahah
not euphoria follower
  • #622,905
  • Sep 10, 2021 9:21pm Sep 10, 2021 9:21pm
Quoting hasib
{quote} Hi bilal IMO Liquidity grabbing not completed
Hi Hasib

Well, a huge liquidity is being generated above RN 1.3880 and it is yet to be taken but internal range liquidity (i have encircle in the screenshot) is taken, now there is a gap beneath it, i expect price to fill that gap and will see if price wanna fill the second gap at the bottom or will hunt the liquidity above RN 1.3880.
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"Exchange of hands"
  • #622,906
  • Sep 10, 2021 9:29pm Sep 10, 2021 9:29pm
Quoting bilal1947
{quote} Hi Hasib Well, a huge liquidity is being generated above RN 1.3880 and it is yet to be taken but internal range liquidity (i have encircle in the screenshot) is taken, now there is a gap beneath it, i expect price to fill that gap and will see if price wanna fill the second gap at the bottom or will hunt the liquidity above RN 1.3880. {image}
Ok I have understood your Concept.
Market already grab short term liquidity.

I will keep an eye on 1.38 RN.
BTW which TF You use to open those trade.
MA provides the market's current direction and strength.
  • #622,907
  • Sep 10, 2021 9:35pm Sep 10, 2021 9:35pm
Quoting Ihlas
Mark this for the next week: 1.37
It can also be ping pong week next! Selling high to be on the right side!
  • #622,908
  • Sep 10, 2021 9:39pm Sep 10, 2021 9:39pm
Quoting khor
{quote} Hi George, Impressive stats. Curious how you come up with such stats, do you do your own data mining or do you pick them up from somewhere else? I am intesrested as I trade other pairs and siumilar stats would be great to have. Thanks.
I make use of cyclical ranges and price behaviour to gather the stats for these forecasts. Thanks for your good feedback.

Quoting hasib
{quote} Hi Brother Georginson It is always interesting to see your post.
Thanks mate.
Data + Stat + Risk/Emotions Management
  • #622,909
  • Sep 10, 2021 9:45pm Sep 10, 2021 9:45pm
Quoting hasib
{quote} Ok I have understood your Concept. Market already grab short term liquidity. I will keep an eye on 1.38 RN. BTW which TF You use to open those trade.
M1 or M5 (rarely) only i cant see draw down, but one has to have sound understanding of price action to do that.
"Exchange of hands"
  • #622,910
  • Sep 10, 2021 9:45pm Sep 10, 2021 9:45pm
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Just sharing my trade idea , not a Signal !

any opinion will be accepted , except the Bully without chart
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #622,911
  • Sep 10, 2021 10:06pm Sep 10, 2021 10:06pm
Quoting kris89
{image}Just sharing my trade idea , not a Signal ! any opinion will be accepted , except the Bully without chart
Honestly I don't see this price breaking past 1.3910 has weekly candle has been making lower highs since that aggressive mid June weekly candle spotted in the chart. It's only a matter of time before 1.3570 will be tested again and broken convincingly to 1.33xx in days ahead.

As far as 1.3910 remains unbroken this September, price will touch 1.3350 area.
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Data + Stat + Risk/Emotions Management
  • #622,912
  • Sep 10, 2021 11:23pm Sep 10, 2021 11:23pm
What a nice weekly candle bar. Next week is a serious buy for 200 to 300 pips but first retracement and lower time frame plus lack of money management will make many take bad decisions and later market start going the right way. I don't believe in HH HL LH LL and any indicators for that matter.

Keep it simple and trade what you see and if goes wrong, move on and wait for the next bar and start all over.
  • #622,913
  • Sep 10, 2021 11:31pm Sep 10, 2021 11:31pm
Quoting nAVIN2007
{quote} I doubt it..look at the daily, look at gold??
I hear you, daily candle does not mean alot to me, look at below examples, like mentioned earlier i expect a drop max to 1.3808 before the bulls kick in, lets see
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  • #622,914
  • Sep 10, 2021 11:34pm Sep 10, 2021 11:34pm
Quoting OnlineAddict
{quote} Me, too...EU, GU and Gold UP next week. I prefer EU over GU, though...as GU is having trouble with 3900 and EG bounced from above 8500 again, so EU might do better than GU. But who knows...its just my gut, nothing more.
Lets see, for me I think EU will drop a little further, probably to 1.1785 before aggressive bull action
  • #622,915
  • Sep 10, 2021 11:35pm Sep 10, 2021 11:35pm
Quoting trumps
{quote} For my mind, the weekly is pretty clear. I think it will be bullish next week also. Looking at today's bearish wick, a retreat to 3780 area first is on the cards. {image} {image}
Agree with you except i see maximum retracement till 1.3808, lets see on monday
  • #622,916
  • Sep 11, 2021 12:48am Sep 11, 2021 12:48am
Quoting fxmasterdxb
{quote} I hear you, daily candle does not mean alot to me, look at below examples, like mentioned earlier i expect a drop max to 1.3808 before the bulls kick in, lets see {image} {image} {image}

reading candle formation in key areas is a very powerful tool
  • #622,917
  • Sep 11, 2021 12:54am Sep 11, 2021 12:54am
Quoting bilal1947
i have marked where is liquidity and where still are open Gap but where price can go towards Liquidity or GAPs or till which GAP first i dont know. I dont want to frame my mind with exact direction of the price, just follow the price. {image}
Did you watch Gday fx video ? He likes "88" round number.
  • #622,918
  • Edited 1:16am Sep 11, 2021 12:55am | Edited 1:16am
Does the gravestone doji on daily tells you nothing?? This a shocker.

Gbp will open with a gap down on Monday. Reason? Weekly ended bar 7 in a red pin and since daily ended in gravestone doji, chances are just too good for GBP not fall. As I've said in previous post, this week's candle retreated from almost the same high as previous week. 1.3899 is a huge resistance area, look back on the weekly chart, only 2 weeks out of a range of 12 were able to break above that line. Gbp is as exhausted to the upside as can be.
  • #622,919
  • Edited 2:28am Sep 11, 2021 1:14am | Edited 2:28am
Quoting pooh123
{quote} Did you watch Gday fx video ? He likes "88" round number.
not yet, is it availabe on youtube?

as per ICT 80,20,50,00 are important numbers.
"Exchange of hands"
  • #622,920
  • Sep 11, 2021 1:17am Sep 11, 2021 1:17am
Quoting nAVIN2007
{quote} reading candle formation in key areas is a very powerful tool
Agreed, what do you say about this weekly candle!
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