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Cable Update (GBPUSD)

  • #644,721
  • Dec 13, 2021 3:52am Dec 13, 2021 3:52am
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"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #644,722
  • Dec 13, 2021 3:52am Dec 13, 2021 3:52am
short in asia
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long in london
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"Exchange of hands"
  • #644,723
  • Dec 13, 2021 3:52am Dec 13, 2021 3:52am
Quoting mysterio
{quote} Imbalance on the left of the screen 44x0, acts as SnR Yeah I agree with you, I'm on the bulls side too, I'm a scalper with tiny SLs though and need to catch the first wave perfectly for my trade to be good though
Great. So it breaks and closes above it we continue to fly. Should happen. Been looking at some order block stuff and it's awesome.

I imagine using order blocks, footprint and cluster stats, sentiment analysis, plus other stuff I know. It will be a bomb. Lol... Your scalp technique is wicked. And that's what this market needs: pinpoint execution a d quick exit.
  • #644,724
  • Dec 13, 2021 3:53am Dec 13, 2021 3:53am
Quoting LvMMT
{image} Good luck folks! God bless everyone!
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Good luck folks!
God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #644,725
  • Dec 13, 2021 3:53am Dec 13, 2021 3:53am
Quoting josip
my view, its simple if we are below R = short above S = long until one of those lines (S or R) is not crossed {image}
Your view is confused. 1.3200 is below R and above S. So you take 1 trade long and 1 trade short?
  • #644,726
  • Edited 4:17am Dec 13, 2021 4:05am | Edited 4:17am
Quoting Tim_isoara
{quote} Your view is confused. 1.3200 is below R and above S. So you take 1 trade long and 1 trade short?
yes, can be, the best is open any possition on S or R

Can be long from S and short from R...its up to trader

the worst is when trader open positions between R/S

in this moment we have crossed downtrend channel, so I prefer long

but any R/S can be broken...
I use Martingale system on R/S, so for me doesnt matter where I get in...If short on R or long on S
Trendlines H1,H4, SMC
  • #644,727
  • Dec 13, 2021 4:18am Dec 13, 2021 4:18am
Quoting Mitiblotch
{quote} Great. So it breaks and closes above it we continue to fly. Should happen. Been looking at some order block stuff and it's awesome. I imagine using order blocks, footprint and cluster stats, sentiment analysis, plus other stuff I know. It will be a bomb. Lol... Your scalp technique is wicked. And that's what this market needs: pinpoint execution a d quick exit.
Yea and good luck to you hit me up with any questions

actually just took remainder out, overall this was poorly managed, i got incredibly lucky
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  • #644,728
  • Dec 13, 2021 4:41am Dec 13, 2021 4:41am
Quoting mysterio
{quote} Yea and good luck to you hit me up with any questions actually just took remainder out, overall this was poorly managed, i got incredibly lucky {image}
Take the credit for yourself. This was meant to happen. You're not being lucky here!
Fools Rushing
  • #644,729
  • Dec 13, 2021 4:56am Dec 13, 2021 4:56am
Quoting mysterio
{quote} Yea and good luck to you hit me up with any questions actually just took remainder out, overall this was poorly managed, i got incredibly lucky {image}
Thanks a lot. I will ask questions. I watched you fine tune your trades and these days I don't want to go against you. Lol... Once I'm against you I quickly check and bank profit or scratch the trade idea altogether. It's good to know when other traders have added some extra edge and also use it to your own advantage. I also closed out my 3228 long at 3244. Will wait to snipe again during.
NY.

Many more pips to you.
  • #644,730
  • Dec 13, 2021 4:57am Dec 13, 2021 4:57am
Quoting 3xtazzy
I have a feeling another drop is coming, still holding my long trades.
What is the feeling your having?
  • #644,731
  • Dec 13, 2021 4:59am Dec 13, 2021 4:59am
Quoting MTF Test
{quote} Take the credit for yourself. This was meant to happen. You're not being lucky here!
Thanks for mentioning ICT few days ago. Mind blowing stuff there. I entered today's scalp buys based off his idea plus my own overall trading plan. Still studying his stuff.
  • #644,732
  • Dec 13, 2021 5:02am Dec 13, 2021 5:02am
Quoting Mitiblotch
{quote} Thanks for mentioning ICT few days ago. Mind blowing stuff there. I entered today's scalp buys based off his idea plus my own overall trading plan. Still studying his stuff.
at 1.3224 ?
  • #644,733
  • Dec 13, 2021 5:06am Dec 13, 2021 5:06am
Quoting LvMMT
{quote} {image} Good luck folks! God bless everyone!
Closed +20 pips

Good luck folks!
God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #644,734
  • Dec 13, 2021 5:07am Dec 13, 2021 5:07am
Quoting genadi
{quote} at 1.3224 ?
I entered at 3228 because I was waiting for some reaction and was discussing with mom. Lol... That's what happens when you don't visit parents for a few years. My idea was to watch the reaction at 3217 to 3220 area. I saw that 3220 was defended so I just jumped on the bus at 3228.
  • #644,735
  • Dec 13, 2021 5:14am Dec 13, 2021 5:14am
Clean flow to the up side...
Please read about Liquidity, It moves the market.. The Forex Market is a War Zone, that's why it is represented by "BEARS AND BULLS" and it should be treated as such.

Liquidity describe the extent to which an asset can be bought and sold quickly, and at stable prices, and converted to cash. It is a measure of how many buyers and sellers are present, and whether transactions can take place easily!
For example, if one has an asset whose ''true or fundamental" value is $100 and one can instantly convert that asset into $100 of cash or cash equivalent, then we think of the market for that asset as perfectly liquid.

Of Course, such a perfectly liquid market is rarely observed in the world...

Why is liquidity so important ???
My telegram: https://t.me/avidforex
  • #644,736
  • Dec 13, 2021 5:16am Dec 13, 2021 5:16am
Quoting Mitiblotch
{quote} I entered at 3228 because I was waiting for some reaction and was discussing with mom. Lol... That's what happens when you don't visit parents for a few years. My idea was to watch the reaction at 3217 to 3220 area. I saw that 3220 was defended so I just jumped on the bus at 3228.
where were your stops and take profits when you entered the trade? where are SL and TP now?
  • #644,737
  • Dec 13, 2021 5:16am Dec 13, 2021 5:16am
Quoting LvMMT
{quote} Closed +20 pips Good luck folks! God bless everyone!
  • #644,738
  • Edited 5:31am Dec 13, 2021 5:19am | Edited 5:31am
I adjusted the R/S (H4)
Prefer Long to R...1.3220 is also support
will see...
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Trendlines H1,H4, SMC
  • #644,739
  • Dec 13, 2021 5:19am Dec 13, 2021 5:19am
Hello Pips,

Good day. Just would like to get some knowledge from the pros.

We had a breakout of the bearish trend line (Blue)
next 4h candle clearly breaks passing the previous high, and the next four 4H candle retracement being the 4th having a long wick rejection from new trendline.

the question is which support trendline are you going to draw? which one is correct? A, B or C? and why?
which candle will you put/start the new resistance trendline?

Thank you so much.

-John
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  • #644,740
  • Dec 13, 2021 5:25am Dec 13, 2021 5:25am
Quoting josip
I adjusted the R/S (H4) Prefer Long to R will see... {image}
I really like your perspective, love the channel. Sometime it really confused me where to start the line, i will learn from your posts, sorry for my bad english

Quoting Nd10
{quote} What is the feeling your having?
that red candle really bother me from holding my position, i thought it was a inside bar and will lead to the downside

Quoting Mitiblotch
{quote} Thanks for mentioning ICT few days ago. Mind blowing stuff there. I entered today's scalp buys based off his idea plus my own overall trading plan. Still studying his stuff.

get ready for 2022! He will be posting more videos Thanks to him, i have an awesome trading from 2 weeks ago.
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