Cable Update (GBPUSD)

https://www.forexfactory.com/attachm...2&d=1632503177

On your chart there are some acronyms I haven't seen before ( DBD, SRF). Is there an index to the definition?

Thanks, Mate. Cheers!

Break down of 1.3690 did invalidate 1.3775.

whats ur setup on Gu now?

3 weeks left for 1.4

Hi Pat

I want that scale button please !

Thanks
bilal

Looking good, another couple of ranging swings and this will pop to the upside, bear in mind if it does ,the upswing will be a fully liquidity loaded swing 3 from all the ranging swings to smash it straight to 1.4 maybe 1.41

Pile has grown by 3% today

1.3583 by or before Last day of September, then a break down of 1.3570 takes us to 1.3370. my bias is now more heavily bearish.

Breakeven stop blown out-- no probs, lets see where we're at on Monday!

My concern is there are some weekly equal lows to be taken out before any serious move to the upside can take place so will study over the weekend. The Eurodollar will surely want to make a run at 1.1650 too

Actually it is late in the day, scrap this post , too tired to concentrate, the point i was making is if you use impulse/corrective swings you can find good trades all day as the markets cycles through each time frame and does more or less the same thing.

One more thing , after the above you can then look for support /resistance , retests break outs etc, otherwise blindly trading s/r at every swing or candlestick is at best a 50/50 strategy


Happy weekend all

Here you go

Drop Base Drop (DBD)

Support Resistance Flip (SRF)

GU

Scalping again.

Carry to next week

who are you trying to punish?

Very brave move
EU election impulse positive?

Enjoy your weekend!

https://www.bloomberg.com/news/artic...ers-and-losers

I hope I'll soon realize how to get my expected results friend!? Have a sweet weekend! Best Regards

You asked for a signal, you got it!

Hi Pat;
Thanks for sharing.
Question, how do we know that if the price wont breakout at Support or Resistance level?

I want to join a telegram group, where would I find my telegram I.D

A trading strategy is like a house, if the house building look alike the inside will never look alike because the person that live in the other house doesnt know what his/her neighbor has.
in most cases houses dont look alike same way nobody look 100% like you even when you are twins.
Now i want you to treat this business as such, i understand you want to be a success and you are always feeling like why me when you see someone post his trading setup and profit.

stop looking at the money aspect and focus on the game you came to play, now develop a suitable strategy for yourself start doing that from scratch and thats the main reason Demo/virtual account was available for everyone to learn.

You can simply create a strategy for 1-2 trade daily or weekly, take this like a job that you will only do what your boss ask you to do, havent you see that everyone is posting different setup and yet still sometime it work sometime it doesn't work, truth is every system work maybe if you start to give yours a time. the reason why your system can only fail is when you break the rules or over trade, listen this market should not be traded at all time, mon-tuesday can be a retracement of the previous week or first week of new month can be a retracement of the previous month.

open your chart and find levels and wait for market to reach this level.
i failed many times and i will always fail, you cant have 99% system but surely 60-70% you can find a strategy that work for you, if you create that yourself you can understand it better, sometime someone asl me why did i long or short and i cant even start to explain not because i didnt do what i know but explaing will be way to long because i have everything in my head.


As i am written this i am also working to get better and learn from my fail moment, if you have been trading for 15-20 yrs doesnt mean you are 100% sure of what market must do at all time.
i personally is starting to find a way to reduce my trading maybe to a weekly target with 1-5 trades in a week, yes you can do it everything is on your chart.

start your own house project that when you close ur eyes you can walk inside without anyone showing u around.