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Cable Update (GBPUSD)

  • #646,241
  • Dec 29, 2021 12:44pm Dec 29, 2021 12:44pm
Quoting tauhidur
{quote} hello sir, if you don't mind can you throw a good sagest for sell in this position or another time. i thing your suggestion all most trader's will thing for good tread. Thank you very much.
Simple suggestion, sell to 1.29 area early next year. Only a break and close above 1.3680 will neutralize 1.29 within January to March 15, 2022.
Data + Stat + Risk/Emotions Management
  • #646,242
  • Dec 29, 2021 12:48pm Dec 29, 2021 12:48pm
Quoting Georginson
The decider got broken and closed above it at 1.3330 which has kindly accepted 1.35 area...
Does "closed above" mean DAILY candle closed above?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #646,243
  • Dec 29, 2021 12:56pm Dec 29, 2021 12:56pm
Quoting Jolita
{quote} The last few weeks the beast trying to hide any footsteps and to confuse all, what is the reason behind? I am more for a rise, but all indicators are faked... Does this mean DXY will drop heavy, then rise unexpected? I smell interest rate rise anouncement next Wednesday. I might be wrong of course, just a thought.
Just my observation I've only been trading a year- I notice when we range like this we will repeatedly pound stop loss areas either side of the range. Dxy even had a mini range within the larger range with the same game. I believe it's so the institutions can hide their tracks and place smaller orders within the accumulation and taking stop losses from smaller players/algos as counterparties to their trades

Clean highs on the daily chart make me think there will be a surprise rise on dollar index albeit I'm considering this range a distribution as we're in an area of supply on the weekly. It will take some really serious buyers to overcome this, so either way it has to range for a while so build up firepower for the next major repricing
  • #646,244
  • Dec 29, 2021 1:19pm Dec 29, 2021 1:19pm
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  • #646,245
  • Dec 29, 2021 1:20pm Dec 29, 2021 1:20pm
Quoting mysterio
{quote} Just my observation I've only been trading a year- I notice when we range like this we will repeatedly pound stop loss areas either side of the range. Dxy even had a mini range within the larger range with the same game. I believe it's so the institutions can hide their tracks and place smaller orders within the accumulation and taking stop losses from smaller players/algos as counterparties to their trades Clean highs on the daily chart make me think there will be a surprise rise on dollar index albeit I'm considering this range a distribution...
there's a channel on weekly the more the market consolidates ie moves but remains below 1.36 the drop is there..this is how I see it...my last few trades have been very reckless...I hope this don't bite me hard
  • #646,246
  • Dec 29, 2021 1:22pm Dec 29, 2021 1:22pm
Quoting navk
{quote} 3410

I see now why it bounced..
  • #646,247
  • Dec 29, 2021 1:26pm Dec 29, 2021 1:26pm
Lets see if it wants to retrace now towards 3450/60
COT: The precious data ignored
  • #646,248
  • Dec 29, 2021 1:39pm Dec 29, 2021 1:39pm
Sell sell sell again "Pros" don't follow (small snake)
  • #646,249
  • Dec 29, 2021 1:40pm Dec 29, 2021 1:40pm
Quoting TooSlow
{quote} Does "closed above" mean DAILY candle closed above?
Yes, Daily Close above...
Data + Stat + Risk/Emotions Management
  • #646,250
  • Dec 29, 2021 1:47pm Dec 29, 2021 1:47pm
Quoting Jolita
{quote} Me too, still waiting for a nice drop. Doesn't feel right to buy yet, unless you are scalping.
Yeah So easy to pick a high when buying
Air force
  • #646,251
  • Dec 29, 2021 2:03pm Dec 29, 2021 2:03pm
Quoting mysterio
{quote} Just my observation I've only been trading a year- I notice when we range like this we will repeatedly pound stop loss areas either side of the range. Dxy even had a mini range within the larger range with the same game. I believe it's so the institutions can hide their tracks and place smaller orders within the accumulation and taking stop losses from smaller players/algos as counterparties to their trades Clean highs on the daily chart make me think there will be a surprise rise on dollar index albeit I'm considering this range a distribution...
Monthly dollar index.
There is W pattern building for future months.
You doing amazingly well trading for a year.
How you survived March 2020 range ?
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Mountain view / monthly
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  • #646,252
  • Dec 29, 2021 2:16pm Dec 29, 2021 2:16pm
price going up, why why sell it. Dam, buy more
actually i don’t care
  • #646,253
  • Dec 29, 2021 2:38pm Dec 29, 2021 2:38pm
best not too short against it on the week ,consider the open and this candle 'as is' as a confirm off bat
in other words its bullish over that open ,then bullish over that low ,I doubt your right high probability
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #646,254
  • Dec 29, 2021 2:40pm Dec 29, 2021 2:40pm
Quoting buddha-
price going up, why why sell it. Dam, buy more actually i don’t care
I guess depending on everyones trading style. What is yours?
Curent price is in the middle of no where. Its year end, manipulation, directional changes, also we are still in down trend. Why buy, simply too risky.
  • #646,255
  • Dec 29, 2021 2:44pm Dec 29, 2021 2:44pm
Quoting Georginson
{quote} Simple suggestion, sell to 1.29 area early next year. Only a break and close above 1.3680 will neutralize 1.29 within January to March 15, 2022.
Hi Georginson. I have a similar outlook. I think we have seen the top or very few pips away, I too see around 12900 and a pullback to around 13150 to resume around 12650. This would be mid-term as i think the downtrend is deeper. cheers
POSTMASTER
  • #646,256
  • Dec 29, 2021 2:55pm Dec 29, 2021 2:55pm
Quoting buddha-
price going up, why why sell it. Dam, buy more actually i don’t care
Only now noticed your charts actually missing candles.
Do you really only follow Ema's, how this even possible? You have super duppa trade view skills!
  • #646,257
  • Dec 29, 2021 3:07pm Dec 29, 2021 3:07pm
ok don’t buy ( i really don’t meant to buy you ) my mantle is bit indifferent way… each ppl have a own idea so was isay that was for me.
  • #646,258
  • Dec 29, 2021 3:08pm Dec 29, 2021 3:08pm
Quoting Robinhood1
{quote} Hi Georginson. I have a similar outlook. I think we have seen the top or very few pips away, I too see around 12900 and a pullback to around 13150 to resume around 12650. This would be mid-term as i think the downtrend is deeper. cheers
Good sight mate...
Data + Stat + Risk/Emotions Management
  • #646,259
  • Dec 29, 2021 3:55pm Dec 29, 2021 3:55pm
Inserted Video
not euphoria follower
  • #646,260
  • Dec 29, 2021 4:31pm Dec 29, 2021 4:31pm
Quoting iqyu5an
https://youtu.be/OMOGaugKpzs
Cut Loss = @ 1.3558
Sell Limit 2 @ 1.3538 = 0.2 Lot
Sell Limit 1 @ 1.3498 = 0.1 Lot

Take Profit @ 20% of Balance

ServerUang
Attached Image (click to enlarge)
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