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Cable Update (GBPUSD)

  • #622,981
  • Sep 11, 2021 4:39pm Sep 11, 2021 4:39pm
Quoting MTF Test
{quote} I think you have valid point here. So, what you be suggesting is to consider Daily TF for the direction and look for a smaller time frame for an entry. ?
Not quite. I suggest starting with the largest TF and working your way down. As soon as you find the control (direction) TF, continue down until you find the TF in its first retracement to the control TF and then look for a continuation opportunity. Work your way up the TFs as they go into the first retracement to the control TF.
To free Gazans of Hamas, use whatever it takes.
  • #622,982
  • Sep 11, 2021 5:46pm Sep 11, 2021 5:46pm
Quoting Mr.Burger
{quote} actually I am not fluent in Indonesian even though I live there now, my mentor lives in Bandung and teaches a lot of Sundanese anyway, I got your point, but for me potential bullish shark pattern is invalid now, BC extension is more than 1.618 ( 1.87 XA for shark later) I totally agree with bearish dragon will make crash deeper, but from EW point of view, the previous wave2 ( small wave ) make a correction between 50%, then I think the bigger wave2 won't be far from that one, but we never know what will happen next, thanks iqyu5an {image}...

Wilujeng enjing and kumaha damang ? Sing sarehat nya kanggo anjeun sakaluwargi ...

Yupsss... time will tell .

Hatur nuhun
not euphoria follower
  • #622,983
  • Sep 12, 2021 1:01am Sep 12, 2021 1:01am
Quoting Wavegarrick
{quote} Hi Guys, Time is running out for Gu Bulls and probably the only major currency pair that has not retraced significantly. We have been in a measly range of 567 pips since January this year and upside attempts are lackluster. It has been a scalpers paradise and the party could end as we are heading into the final quarter of this year. I hear Georginson in every way as we have similar views, My yearly pivot at 1.2918 beckons. Cheers {image}
Hi Wavegarrick,
You don't think the broken light grey trendline of yours is of any significance?
Or the bullish tails on the monthly candlesticks?
Compulsions can be hard to resist
  • #622,984
  • Sep 12, 2021 2:24am Sep 12, 2021 2:24am
Quoting Wavegarrick
{quote} Hi Guys, Time is running out for Gu Bulls and probably the only major currency pair that has not retraced significantly. We have been in a measly range of 567 pips since January this year and upside attempts are lackluster. It has been a scalpers paradise and the party could end as we are heading into the final quarter of this year. I hear Georginson in every way as we have similar views, My yearly pivot at 1.2918 beckons. Cheers {image}
Hi Wavegarrick,
I've noticed that your chart currently shows only a few green pips while previously it showed 7k to 8k. Have you closed all trades that you've held for a long time or open a new account to earn additional pips?
It's merely a case of inquisitiveness on my part.
  • #622,985
  • Sep 12, 2021 3:38am Sep 12, 2021 3:38am
From the 4h below all I’m seeing is the traders took profit and at weekly highs. Being a Friday it was enough profiteering to see the drop to be that significant. I’m looking to go long again not sure at the moment which entry level. I usually work on psychological levels. Potentially around the 138-13820 levels
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Insane in the Brain..
  • #622,986
  • Sep 12, 2021 4:34am Sep 12, 2021 4:34am
I'm of similar view with Wavegarrick, the year is fast coming to an end and we keep having the highs being dwindled, something has to break here and I see 1.28 area by or before December.

Here is my forecast for September 13th to 17th

Possible High: 1.3900
Possible Low: 1.3670

Note: Thursday 16th and Friday 17th is expected to be range breaking days of high Volatility.

Trade with utmost caution.
Data + Stat + Risk/Emotions Management
  • #622,987
  • Sep 12, 2021 5:10am Sep 12, 2021 5:10am
Inserted Video
not euphoria follower
  • #622,988
  • Sep 12, 2021 7:24am Sep 12, 2021 7:24am
The hard reality of Brexit is hitting Britain. It's costing everyone but Boris Johnson

https://edition.cnn.com/2021/09/12/b...cmd/index.html
  • #622,989
  • Sep 12, 2021 7:41am Sep 12, 2021 7:41am
Quoting Ehsank78
The hard reality of Brexit is hitting Britain. It's costing everyone but Boris Johnson https://edition.cnn.com/2021/09/12/b...cmd/index.html
that was always going to be the case. But Bozo has redeemed himself with the vaccination process in the Uk so despite the shit show we are seeing now with lorry drivers Brexit and IR35
Insane in the Brain..
  • #622,990
  • Sep 12, 2021 7:54am Sep 12, 2021 7:54am
Quoting Georginson
I'm of similar view with Wavegarrick, the year is fast coming to an end and we keep having the highs being dwindled, something has to break here and I see 1.28 area by or before December. Here is my forecast for September 13th to 17th Possible High: 1.3900 Possible Low: 1.3670 Note: Thursday 16th and Friday 17th is expected to be range breaking days of high Volatility. Trade with utmost caution.
Well I agree with you on the part that GU has not moved much this year, I expect a strong move in the coming months on the opposite direction of yours. my target by year end is 1.47

My prediction for this week is:

High: 1.4140
Low: 1.3808

Lets compare by end of week
  • #622,991
  • Sep 12, 2021 8:32am Sep 12, 2021 8:32am
Hi guys, wonder if anybody noticed that the Dow open with a gap down on past Monday and was unable to close the gap except for an attempt later on the same day. You might ask what has this to do with the GU? The answer is, everything, because there is a big correlation between equity and currency markets.
The GU started to fall on Monday in conjunction with the Dow, on Thursday there was an attempt on the Dow to go for the gap but failed miserably, the GU also make a move higher but stalled short of the high set the week before. On Friday there was a brief and early attempt on the Dow to go higher, but also failed, so did the GU.
Deutsche Bank said on Friday there is a great probability for a hard valuation correction of the stock market, so maybe, just maybe coming Monday will be a bloody one and so will it be for GU . . . . . . . and it's compatriots.
  • #622,992
  • Sep 12, 2021 8:42am Sep 12, 2021 8:42am
D1 IMHO
s. Chart
atb vvm
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PA Trading with EMAs & common Sense
  • #622,993
  • Sep 12, 2021 8:52am Sep 12, 2021 8:52am
Quoting iqyu5an
https://youtu.be/Je8wxnoEkug
The helicopter-like one at 3:00 was interesting. They almost had it.
  • #622,994
  • Sep 12, 2021 9:11am Sep 12, 2021 9:11am
#GBPUSD / Weekly / Potencial ISHS pattern
Attached Image (click to enlarge)
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  • #622,995
  • Sep 12, 2021 9:22am Sep 12, 2021 9:22am
Quoting Ayax.TSS
#GBPUSD / Weekly / Potencial ISHS pattern{image}
  • #622,996
  • Sep 12, 2021 9:23am Sep 12, 2021 9:23am
Quoting Wavegarrick
{quote} Hi Guys, Time is running out for Gu Bulls and probably the only major currency pair that has not retraced significantly. We have been in a measly range of 567 pips since January this year and upside attempts are lackluster. It has been a scalpers paradise and the party could end as we are heading into the final quarter of this year. I hear Georginson in every way as we have similar views, My yearly pivot at 1.2918 beckons. Cheers {image}
Your submission is very sound and logical, just look at GJ on D1, it seems banks have taken positions to go down
  • #622,997
  • Sep 12, 2021 9:32am Sep 12, 2021 9:32am
Quoting dele5000
{quote} Your submission is very sound and logical, just look at GJ on D1, it seems banks have taken positions to go down
You're right, have a look at the hourly chart of GJ, do you see that row of 5 consecutive dojis at the top? Very telling of a major correction downwards.
  • #622,998
  • Sep 12, 2021 9:36am Sep 12, 2021 9:36am
Can anybody tell me how to post a chart here on the forum?
  • #622,999
  • Sep 12, 2021 9:39am Sep 12, 2021 9:39am
Quoting Bakker
{quote} You're right, have a look at the hourly chart of GJ, do you see that row of 5 consecutive dojis at the top? Very telling of a major correction downwards.
Yeah, it looks like the real footprints of the crooks trying hard to lure retail traders to go long, so that they can push their short trades south
  • #623,000
  • Sep 12, 2021 9:43am Sep 12, 2021 9:43am
Quoting Bakker
Can anybody tell me how to post a chart here on the forum?
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