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Cable Update (GBPUSD)

  • #631,481
  • Oct 16, 2021 5:32am Oct 16, 2021 5:32am
1.37600 is resistance and wave 5. The path for Gbpusd should be down.
  • #631,482
  • Oct 16, 2021 5:56am Oct 16, 2021 5:56am
Quoting Houtbay
1.37600 is resistance and wave 5. The path for Gbpusd should be down.
as much as I’d like to see 138-13820 the 13760 area seems to be a big stumbling blocker for the bulls
Insane in the Brain..
  • #631,483
  • Oct 16, 2021 6:00am Oct 16, 2021 6:00am
I dont like what XE showing ATM
1.37

yes too early, but not usual.
i am a seller, but with tp on 1.37
with huge spread it could be a loss

#hatefloatingspread
  • #631,484
  • Oct 16, 2021 6:15am Oct 16, 2021 6:15am
Quoting gatenio
I dont like what XE showing ATM 1.37 yes too early, but not usual. i am a seller, but with tp on 1.37 with huge spread it could be a loss #hatefloatingspread
You shouldn’t pay much attention to weekend rates.
30 to 45 minutes before opening is when the gap is decided. For now I don’t see any reason for opening gap.

When it comes to your TP, it will be ignored if the price opens at let’s say 50-60 pips profit. Your positions will be closed at the market price, not at TP. So if the gap is bigger than the spread, you will have a good profit. Anyway the spread is usually never bigger than 11-12 pips.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #631,485
  • Oct 16, 2021 9:00am Oct 16, 2021 9:00am
Quoting Pat Chiko
{quote} Hi Bilal. I seriuosly not sure what youre trying to say here Technical was failed against fundamentals, What is actually you're putting here.? Do you follow fundamentals, NO Ive no slightest idea what is fundamental is all abouT I only trade using Support & Rasistance to trade Forex why GU follows GJ when EU AU keeps ranging and didn't follow EJ,, Aj while gold going down When I trade GU. I analyse GU. If we start to watch other pairs to analyse GU, then we are in the wrong business. Never bring a knife to a gun fight. You will lose...
Technical was failed against fundamentals,
What is actually you're putting here.?
+ i mean how i was expecting as per technical analysis.

Thank you for the motivation and guidance.

Regards
bilal
"Exchange of hands"
  • #631,486
  • Edited 10:12am Oct 16, 2021 9:51am | Edited 10:12am
Be calm and analyze the market with ease. Schhh!111The market hate noise and impatience.

Master a strategy that would allow you to see prices “at the moment” a strategy that’s flexible to change at any condition because the market changes its movement every now and then, don’t be bias... It can go either way! Stop drawing permanent lines on your chart and be like this is last month resistance.. the market don’t give a fu**k except you’re a swing trader with huge amount of money to hold a stop loss but with your little dollars start learning daily or 4H levels of Supply and demand
Finally, Master one pair

My analysis:
Prices broke through the strong Bearish OB Supply Line; now we wait for price to retest it so we can get a good entry. This trade is about 90 Pips. Always take partials at 50 pips movement and allow the rest entry to run.

Don’t go about looking for 200 Pips, the present market conditions would end up screwing you up, Scratch the market and when you’re comfortable with your strategy start throwing in large lots, with 30 to 50 Pips movement in your favor daily, you can make millions...

Cheers
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My telegram: https://t.me/avidforex
  • #631,487
  • Edited 10:24am Oct 16, 2021 10:08am | Edited 10:24am
... on dly t/f there is indeed bearish hidden div present on both osc's shown on chart below although only just (@ fri's 3774 wkly hi) on the line oscillator. This hidden div is measured from the swing hi @ 3912 but comes @ what will be a HH on the t/f which is not optimum for a 'with next higher t/f trend follow thru - after a pullback' to a new trend lo, ie below the last wkly downtrend lo before the pullback, which is 3411 - the current yrly lo, respectively. Ie it is a possibility, (as anything can happen,) but not a probability - per my own edge. This HH though, at the moment, would correspond with a potential LH on the wkly t/f.

Price could still rise whilst staying below 3912, and the hidden div develop further of course, or indeed be rendered invalid.

Dly below.
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Trader with an Edge.
  • #631,488
  • Oct 16, 2021 10:08am Oct 16, 2021 10:08am
Daily, 4Hrs, Hourly :

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KISS&V :Keep it simple safe & visual
  • #631,489
  • Oct 16, 2021 10:30am Oct 16, 2021 10:30am
Quoting Pat Chiko
Forget about other pairs. Just focus on GU.
Sage advice.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #631,490
  • Oct 16, 2021 10:48am Oct 16, 2021 10:48am
Quoting BigNumbers
Be calm and analyze the market with ease. Schhh!111The market hate noise and impatience.
Started reading this and thought since when did the market have feeling?

each to there own...so long as u make more than u lose it is all good
  • #631,491
  • Oct 16, 2021 10:51am Oct 16, 2021 10:51am
Quoting Pat Chiko
{quote} Hi Bilal. I seriuosly not sure what youre trying to say here Technical was failed against fundamentals, What is actually you're putting here.? Do you follow fundamentals, NO Ive no slightest idea what is fundamental is all abouT I only trade using Support & Rasistance to trade Forex why GU follows GJ when EU AU keeps ranging and didn't follow EJ,, Aj while gold going down When I trade GU. I analyse GU. If we start to watch other pairs to analyse GU, then we are in the wrong business. Never bring a knife to a gun fight. You will lose in no...

I think u actually one of the few traders who trades what they see
  • #631,492
  • Oct 16, 2021 11:58am Oct 16, 2021 11:58am
I trade gbpusd now with very good strategy have good risk reward ratio
FUNDEDNEXT STEP-1 (MODEL-1&3) Return Today: -0.7%
  • #631,493
  • Oct 16, 2021 12:29pm Oct 16, 2021 12:29pm
Gu expected weekly high/low - 1.380/1.3640
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"Exchange of hands"
  • #631,494
  • Oct 16, 2021 12:38pm Oct 16, 2021 12:38pm
I have a feeling we gonna drop hard
  • #631,495
  • Oct 16, 2021 12:38pm Oct 16, 2021 12:38pm
Quoting bilal1947
{quote} Technical was failed against fundamentals, What is actually you're putting here.? + i mean how i was expecting as per technical analysis. Thank you for the motivation and guidance. Regards bilal
Fundamentals are the reason, technicals are the result. Rather than choosing one, it's the best for a trader to combine these two.
You have to have an IQ higher than 90 to interact with this user.
  • #631,496
  • Oct 16, 2021 12:39pm Oct 16, 2021 12:39pm
Quoting nAVIN2007
I have a feeling we gonna drop hard
Exactly, especially this week.
You have to have an IQ higher than 90 to interact with this user.
  • #631,497
  • Oct 16, 2021 1:27pm Oct 16, 2021 1:27pm
Quoting Nordling00
{quote} Exactly, especially this week.

hope u right
  • #631,498
  • Oct 16, 2021 1:28pm Oct 16, 2021 1:28pm
Hi folks,

In my opinion ...

The fundamentals said that we are in a big crisis because it is a strong virus ... bla bla bla ... etc ...

And here the technique shows us that we are going up, I mean Indices especially ...

The fundamentals say I forbid BTC in China ... LOL ... and BTC grows exponentially ...

I ... I don't trust the fundamentals ... or I look at them with distrust ...

Many have become rich by betting against the fundamentals.

Some also wrote books about it...

For me ... everything remains written on GRAPHIC CHART ... not in newspapers or on TV or in ministries of commerce ...etc...

Thank you for reading what I wrote .... is JUST MY OPINION.

If anyone wants to explain to me, I accept any opinion.

BUT.

I will stick to my opinion.

God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #631,499
  • Oct 16, 2021 1:30pm Oct 16, 2021 1:30pm
Quoting Nordling00
{quote} Fundamentals are the reason, technicals are the result. Rather than choosing one, it's the best for a trader to combine these two.

the reason why as a fundamental trader u not seeing it from a technical perspective is:-

technicals are a leading indicator (reacting to the here and now)
Fundamentals take time to show up in the charts (lagging)

that why u suffer in charting..(your words) ie not as good

fundamentals take time to show up in the charts. We as traders (technical) trade the here and now
  • #631,500
  • Oct 16, 2021 1:32pm Oct 16, 2021 1:32pm
Quoting Georginson
{quote} Hi Jolita, these anticipated lows of 1.3310 - 1.3250 (late October - early November) then 1.3000 - 1.2800 (late November - December) can only be delayed but cannot be denied. As Donfriday previously stated and now Coreg2004, 1.3800 - 1.3823 looks like area that is being looked for now to smack this pair down real hard. You may check July 20 Low of 1.3571 to July 30 High of 1.3983 which had 412 pips upward correction before another smack down 1.3411. I can clearly see another smack down to 1.3250 area in days ahead. The bulls have taken it...
Georginson, I have never even implied in my post the after GU reaches the bearish bat pattern zone it will reverses and go to the drain. It is a marly setup. My ethics and moral compass prohibit me from stating "sure" things about markets in my posts. I don't know if GU reverses or goes thru the zone to higher targets.
Always trade your own plan...I don't provide trading signals.
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