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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

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.
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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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
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
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
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.
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.
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.
Extend it out in Time !! Faith, Discipline, Patience, Prayers, Hard-work !!
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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Quoting fxmasterdxb
I will be looking forward to buy GU next week around 1.3820 Enjoy the weekend fellow traders
That's my pending buy area
Quoting Bakker
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.
Dual sign on the weekend. Doji Daily and Hanging Man Weekly
not euphoria follower
The DOLLAR has started its move higher, it took some time to gather momentum but it's on its way for sure. Turning higher against the CHF, CAD and YEN, so why will GBP, EUR and AUD not go down??
I don't want to brag, but I call the drop in the DOW and DAX futures 3 in a row correctly, early in the day futures ran high in positive area, but my indicators told me "wait for the US session" and bang! there it goes. On DAX 80p on 7th, 100+ on 8th and 100+ yesterday!!

Correction: It wasn't actually three in a row, I didn't make a call on 9th.
https://youtu.be/9p7ToiJ5Q9o
not euphoria follower
Quoting fxmasterdxb
{quote} Lets see, for me I think EU will drop a little further, probably to 1.1785 before aggressive bull action
I agree on EU using W1 and D1. Though D1 somewhat confuses with the up flow. I would expect to wait and trade up till 1.2 and subsequent crash to 1.16
GJ has been really messy. W1 clearly downtrend with D1 countering it seriously
Quoting Nd10
GJ has been really messy. W1 clearly downtrend with D1 countering it seriously
JPY : underpressure mode
not euphoria follower
Quoting hasib
{quote} Hi Buddy My trading improve when I started to keep an eye on Daily chart. Daily chart filter out most of the noise.
Thanks for your input. means that your looking at the Daily for Structure. right ? So, the decisions will be based on daily. am i right here ?
Fools Rushing
Quoting hasib
{quote} Hi Buddy My trading improve when I started to keep an eye on Daily chart. Daily chart filter out most of the noise.

The tf you trade determines the type of trader you want to be.

daily profit 15-1hr
weekly 4hrs-daily
monthly 4hrs-daily
3months daily-weekly
Quoting bilal1947
{quote} not yet, is it availabe on youtube? as per ICT 80,20,50,00 are important numbers.
Yes, Gday fx video is available on Youtube.
Quoting MTF Test
{quote} Thanks for your input. means that your looking at the Daily for Structure. right ? So, the decisions will be based on daily. am i right here ?
Hi MTF

Daily bais is not very easy to me, why?

even i know where price will go next it wont immediately go there, but makes 3-4 days small body candles and on day 5 it moves similarly in next week only two days will give good move rest three only ranging or small bodies only break previous day with small range.

so in these small daily candle days, there are mainly four session's (not considering frankfurt)
- asian, london, newyork and london close and in all these session price moves in opposite directions to take out both the sides.

Due to which in ranging days one gets so irritated with against moves, and totally forget the order flow and even miss the main moves at times.

Big funds/position/swing trader, having bigger pockets, can hold for a draw down attached to their bias based on fundamentals and COT, since they have bigger pockets retailers may not be able to hold a draw down trades specifically myself. and for that a retailer has to be excellent in his position size and best at scalping intra day.

hope others will share how they make their daily bias considering different sessions

regards
bilal
Extend it out in Time !! Faith, Discipline, Patience, Prayers, Hard-work !!
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