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Cable Update (GBPUSD)

  • #633,181
  • Oct 24, 2021 10:43am Oct 24, 2021 10:43am
Quoting mysterio
{quote} We were down there to mitigate trapped sellers from earlier and grab liquidity I always do 3 pips SL now to get good RR using volume/footprint analysis. 30 pips gave me a 10R trade. I mentioned earlier I was waiting for a break below a specific level. Once the drop happened I waited for PA to stall and reverse and for buyers to enter the market on footprint. We were in an h1 RBR demand zone and a buying zone.
yes, i see that you bought below the low. but with 3 pips you either need to know the level you trading off very well or you need to have a lot of luck.
i just dont see the level the price should bounce from...
  • #633,182
  • Oct 24, 2021 10:52am Oct 24, 2021 10:52am
Quoting Bones
{quote} not sure ,all I was saying was euro +$ have been weak only $ slightly more, its why the dxy holds up (EUR) 57.6% weight , my posted index is evenly weighted V the majors then EU isn't a great pair to trade at all {image}
im going to dm you a question sir.
be a thinker before being a reacter
  • #633,183
  • Oct 24, 2021 10:53am Oct 24, 2021 10:53am
Quoting BigNumbers
If the 4HR Support holds, then it will be a continuation for the bulls to the top, about 146 pips away but I think they’ve spent so much time here... This Range May end up favoring the bears, which may push the price back down to the bottom. There is liquidity at both ends so price can go either ways... trade with Caution. I’ll wait for price to touch the top or if it breaks the 4HR Support I’ll go short. {image}
I like the way you put the Quote


the trend is in a range that favour the bear more but we have liquidity at 134 that could push the price higher, in other to have a heavy sell off we will need another liquidity above 139. a sell from 13830 could only give us 136 to 13550 .

the whole range from 142 and 134 seem like wave 3 and 4
MY OPINION NOT FINANCIAL ADVISE
  • #633,184
  • Edited 11:23am Oct 24, 2021 11:02am | Edited 11:23am
Quoting genadi
{quote} yes, i see that you bought below the low. but with 3 pips you either need to know the level you trading off very well or you need to have a lot of luck. i just dont see the level the price should bounce from...
No luck bro, its all in the volumes. I do this full time, i'm not a gambler. USDCAD on the same day did the biz too. I stopped trading after that and didn't trade any of the short although there was a very good setup I just wasn't at the screen.

I post these trades every day

Watch H4 demand 1.3717-1.3732 tomorrow for buying
  • #633,185
  • Oct 24, 2021 11:27am Oct 24, 2021 11:27am
Quoting boodvah
{quote} im going to dm you a question sir.
it is a calculation which is on the chart ,
I got it from lfx index charts on mt4 which don't seem available anymore ,you have to type it in on trading view
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #633,186
  • Oct 24, 2021 12:08pm Oct 24, 2021 12:08pm
Quoting hoda
{quote} {image}
yes, this is it
  • #633,187
  • Oct 24, 2021 12:25pm Oct 24, 2021 12:25pm

  • #633,188
  • Oct 24, 2021 12:35pm Oct 24, 2021 12:35pm
GBP/USD H4 Observations

Waiting for Price to lead.....
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  • #633,189
  • Oct 24, 2021 12:36pm Oct 24, 2021 12:36pm
If you are ManU fan pls take the week off ur mental health is not stable now to trade with real Money
Attached Image
MY OPINION NOT FINANCIAL ADVISE
  • #633,190
  • Oct 24, 2021 12:49pm Oct 24, 2021 12:49pm
Quoting Bones
{quote} it is a calculation which is on the chart , I got it from lfx index charts on mt4 which don't seem available anymore ,you have to type it in on trading view
thank you sir
be a thinker before being a reacter
  • #633,191
  • Oct 24, 2021 1:12pm Oct 24, 2021 1:12pm
Quoting donfriday
If you are ManU fan pls take the week off ur mental health is not stable now to trade with real Money {image}
SIIUUU
You have to have an IQ higher than 90 to interact with this user.
  • #633,192
  • Oct 24, 2021 1:32pm Oct 24, 2021 1:32pm
Quoting genadi
{quote} how did you did that? why you opened there and why 3pips stop loss? was there any specific level?
post some charts this week genadi i wanna see how you see the charts.
be a thinker before being a reacter
  • #633,193
  • Oct 24, 2021 1:49pm Oct 24, 2021 1:49pm
Quoting boodvah
{quote} post some charts this week genadi i wanna see how you see the charts.
OK, i will post charts when i will take trades. my trading style is very similar to Mysterio's trading style, but i am not that good as he is
  • #633,194
  • Oct 24, 2021 1:50pm Oct 24, 2021 1:50pm
Quoting Ihlas
so it is war? what will you do now? attack Deutschland?
  • #633,195
  • Oct 24, 2021 2:00pm Oct 24, 2021 2:00pm
Quoting genadi
{quote} OK, i will post charts when i will take trades. my trading style is very similar to Mysterio's trading style, but i am not that good as he is
You do supply & demand on lower time frame ? Incorporating real volume (not tick) has been a game changer for me i'm able to get extremely precise entries sometimes and good RR, but i'm still scratching the surface. It sits well with S&D trading. To me its the only way to trade it suits my personality. Also just approaching the charts with constant scepticism and taking the other side of the 'retail traps' which are very common. Tend to just trade the Frankfurt, LO, NYO, 3-4 hours a day but usually can hit my target by LO. Yea lets see some charts buddy maybe we can provide feedback
  • #633,196
  • Oct 24, 2021 2:14pm Oct 24, 2021 2:14pm
Quoting genadi
{quote} so it is war? what will you do now? attack Deutschland?
Round table gathering
  • #633,197
  • Oct 24, 2021 2:21pm Oct 24, 2021 2:21pm
Quoting mysterio
{quote} You do supply & demand on lower time frame ? Incorporating real volume (not tick) has been a game changer for me i'm able to get extremely precise entries sometimes and good RR, but i'm still scratching the surface. It sits well with S&D trading. To me its the only way to trade it suits my personality. Also just approaching the charts with constant scepticism and taking the other side of the 'retail traps' which are very common. Tend to just trade the Frankfurt, LO, NYO, 3-4 hours a day but usually can hit my target by LO. Yea lets see some...
  • #633,198
  • Oct 24, 2021 2:33pm Oct 24, 2021 2:33pm
Quoting mysterio
{quote} We were down there to mitigate trapped sellers from earlier and grab liquidity I always do 3 pips SL.
Are you sure about this? 3 pips SL !!!Or is it Sunday banter?
  • #633,199
  • Oct 24, 2021 2:51pm Oct 24, 2021 2:51pm
BOE rate hike implied probabilities
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https://www.dailyfx.com/forex/fundam...tail-Data.html
  • #633,200
  • Oct 24, 2021 3:01pm Oct 24, 2021 3:01pm
Quoting forex-wolf
{quote} Are you sure about this? 3 pips SL !!!Or is it Sunday banter?
dont get so surprised. it is easy to catch trades to the pip. 1 pip sl + 2 pips spread.

and it can excite new traders, but those entries are not enough to be successful and constantly profitable. trading is a lot more than to catch trades to the pip.
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