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Cable Update (GBPUSD)

  • #635,201
  • Nov 2, 2021 12:00am Nov 2, 2021 12:00am
Quoting mysterio
{quote} After 1.37, sell to 1.36
1.36600 is my marked area for now , the price action waving if im not wrong on counting xD
after 1.3700 hitted many time maybe it should not be touching and get away from that

just Opinion >.<
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #635,202
  • Nov 2, 2021 12:15am Nov 2, 2021 12:15am
Quoting kris89
{quote} 1.36600 is my marked area for now , the price action waving if im not wrong on counting xD after 1.3700 hitted many time maybe it should not be touching and get away from that just Opinion >.<
'They' created some liquidity with a double top up at 1.3690ish for some bear snacks on the way down

We contacted h1 demand this morning too

Also just opinion
  • #635,203
  • Nov 2, 2021 12:19am Nov 2, 2021 12:19am
Quoting Pat Chiko
{quote} If I understand it correctly, you want to know if it discretionary or mechanical ways of drawing S&R Zones.? I hope got it right. Anyway, I’m more to discretionary approach in drawing those S&R zones To me, not using discretion is a big loss to trader. Discretion is a product of human intelligence. Intelligence is a gift of God to human It's a waste if a trader does not train his mind to make discretionary decision. In my opinion, almost all system can produce great profit when you add your own discretion into it. PAT Discretion is king....
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When price breaks through a previously established high, it is no longer resistance. When price breaks through a previously established low, it is no longer support. Is this not pure price action?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #635,204
  • Nov 2, 2021 12:39am Nov 2, 2021 12:39am
Quoting TooSlow
{quote} {image}{image} When price breaks through a previously established high, it is no longer resistance. When price breaks through a previously established low, it is no longer support. Is this not pure price action?
Spot on...
Data + Stat + Risk/Emotions Management
  • #635,205
  • Nov 2, 2021 12:49am Nov 2, 2021 12:49am
1.36500 is a strong support , but i prefer to take the long in my friend , goldi
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yes yes yes
  • #635,206
  • Nov 2, 2021 1:05am Nov 2, 2021 1:05am
Keep holding short so far.

1.3577 for the next target (daily chart)

Just personal view.
  • #635,207
  • Nov 2, 2021 1:10am Nov 2, 2021 1:10am
Inserted Video
not euphoria follower
  • #635,208
  • Nov 2, 2021 1:17am Nov 2, 2021 1:17am
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What is more important, the lines or the space between the lines? Better question, where's the profit? Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #635,209
  • Nov 2, 2021 1:22am Nov 2, 2021 1:22am
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yes yes yes
  • #635,210
  • Nov 2, 2021 1:35am Nov 2, 2021 1:35am
test..
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Trade with prediction = witch with her visions lol
  • #635,211
  • Nov 2, 2021 1:39am Nov 2, 2021 1:39am
1.4 this month
Trend following
  • #635,212
  • Nov 2, 2021 1:41am Nov 2, 2021 1:41am
Quoting Pat Chiko
{quote} GU Update on scalping position. TRADE MANAGEMENT Two stopped out position. Balance still open. Just add one more position. EDIT : only to LO {image}
GU

Added position

Compression , end of accumulation zone with FO prior to LO.

Max DD 15,7 pips.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #635,213
  • Nov 2, 2021 1:44am Nov 2, 2021 1:44am
SOLD 1.3650 no sl tp 5 pips LONG 1.3650 no sl 5 pips
  • #635,214
  • Nov 2, 2021 1:45am Nov 2, 2021 1:45am
Quoting Pat Chiko
{quote} GU Added position Compression , end of accumulation zone with FO prior to LO. Max DD 15,7 pips. {image}

PAT , Dose FO stand for " fake out "

and what forex broker do you use ?

i want to have the same mt4 platform like you

and london has shift time one hour earlier than last week . do you count the LO at the same time as last week ?
  • #635,215
  • Nov 2, 2021 1:50am Nov 2, 2021 1:50am
Quoting TooSlow
{quote} {image}{image} When price breaks through a previously established high, it is no longer resistance. When price breaks through a previously established low, it is no longer support. Is this not pure price action?

Hi Too Slow

YES, it is price action.

This is better know as Support-Becomes-Resistance or Resistance-Becomes-Support.
This is the theory behind Support Becomes Resistance Levels:

Once the price breaks below a support level, the broken support level can turn into resistance.
The break of support signals that the forces of supply have overcome the forces of demand.

Therefore, if the price returns to this level, there is likely to be an increase in supply, and hence resistance.
Resistance Becomes Support Level:
As the price advances above resistance, it signals changes in supply and demand.

The breakout above resistance proves that the forces of demand have overwhelmed the forces of supply.
If the price returns to this level, there is likely to be an increase in demand and support will be found.

Here's the diagram, hope it helps.

Attached Image
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #635,216
  • Nov 2, 2021 1:52am Nov 2, 2021 1:52am
Quoting SimpleBoy
{quote} PAT , Dose FO stand for " fake out " and what forex broker do you use ? i want to have the same mt4 platform like you and london has shift time one hour earlier than last week . do you count the LO at the same time as last week ?
Yes

Fake Out taking all stop below for liwuidity.

Broker name : Ohh Anda
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #635,217
  • Nov 2, 2021 1:55am Nov 2, 2021 1:55am
Goodmorning friends, it's another trading day with no much from the economic calendar today. Yesterday was a wavering beginning for markets when buyers optimism about the ISM data went sour at the release,but yet price closing bullish above the open 1.3661 which coincidentally is the week's high that should be reached today,suggest that buyers are still in control today to close the day bullish coupled with the positive development for risk assets as seen in early Asia trading session. However with the overwhelming selling pressure at the opening bell of the European traders few minutes away, buyers have a great work to do in defending the swing - high level 1.3641 established yesterday which if broken to a touch on 1.3630 shall lead to a very disappointing extension to 1.3558. Happy trading
  • #635,218
  • Nov 2, 2021 1:56am Nov 2, 2021 1:56am
Quoting Waveskierrob
SOLD 1.3650 no sl tp 5 pips LONG 1.3650 no sl 5 pips
LONG closed +5
  • #635,219
  • Nov 2, 2021 1:59am Nov 2, 2021 1:59am
Quoting dimitricss
test.. {image}
closed for 10
Trade with prediction = witch with her visions lol
  • #635,220
  • Nov 2, 2021 1:59am Nov 2, 2021 1:59am
Quoting Pat Chiko
{quote} Yes Fake Out taking all stop below for liwuidity. Broker name : Ohh Anda

do you mean Oanda ?


and the LO , and GBP's Day light saving time shift on last weekend.

So do you count the LO at the same time or not?
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