Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#648,521
Jan 17, 2022 4:34am Jan 17, 2022 4:34am

Wilczur
Joined Jan 2020 | Status: Ordinary Dog | 254 Posts

Quoting donfriday

Disliked

{quote} trendline is beyond just drawing you need to look for the recent highs and also if there is any false breakout {image}

Ignored

trendline can be draw bad but USDX has jumped from support, it is crucial. I dont need draw trendline very very strictly proper.

#648,522
Jan 17, 2022 4:37am Jan 17, 2022 4:37am

josip
Joined Dec 2015 | Status: Trader | 2,290 Posts

cca 1.3652 is support, so slowly with shorts

Trendlines H1,H4, SMC

#648,523
Jan 17, 2022 5:03am Jan 17, 2022 5:03am

donfriday
Joined Jan 2009 | Status: bye FF | 8,806 Posts

Quoting Wilczur

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{quote} trendline can be draw bad but USDX has jumped from support, it is crucial. I dont need draw trendline very very strictly proper.

Ignored

1year price action 2021 data.

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MY OPINION NOT FINANCIAL ADVISE

#648,524
Jan 17, 2022 5:03am Jan 17, 2022 5:03am

Nd10
Joined Mar 2019 | Status: Trader | 1,374 Posts

Quoting Robinhood1

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{quote} I think your PP will reverse down 13820/50

Ignored

Hey Robinhood,
Greetings. Can you explain the reverse down please. Also, it isn't my PP. It is market PP

#648,525
Jan 17, 2022 5:09am Jan 17, 2022 5:09am

Nd10
Joined Mar 2019 | Status: Trader | 1,374 Posts

Quoting donfriday

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{quote} trendline is beyond just drawing you need to look for the recent highs and also if there is any false breakout {image}

Ignored

Have you considered that some candlesticks of various brokers differ a bit and therefore can affect the TL drawings?

#648,526
Jan 17, 2022 5:37am Jan 17, 2022 5:37am

donfriday
Joined Jan 2009 | Status: bye FF | 8,806 Posts

Quoting Nd10

Disliked

{quote} Have you considered that some candlesticks of various brokers differ a bit and therefore can affect the TL drawings?

Ignored

thats a big question

some traders only use the closing price to draw TL

the look of the candle is not necessary to TL as the OHLC
its the trader that use the look of candlestick as confirmation which is often the closing price but as you know everyone is doing what work for them as long as u have your own money u are ur own boss flexing muscles on ur PC..lol
again thats why i always prefer to use RN because if u bring out 10 traders they may have different ways to trade it but never different how to draw a RN horizontally, I have been looking for 10traders that have equal support and resistance and yet to find .

MY OPINION NOT FINANCIAL ADVISE

#648,527
Jan 17, 2022 5:43am Jan 17, 2022 5:43am

Bakker
Joined Jun 2011 | Status: Trader | 15,628 Posts

Coming down nicely on wave 5 on H4 chart, you cant get it clearer than this. The break line sits at 1.3654. Good luck

#648,528
Jan 17, 2022 5:44am Jan 17, 2022 5:44am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

It's a break mf
Go go go to 1.36200

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yes yes yes

#648,529
Jan 17, 2022 5:47am Jan 17, 2022 5:47am

Bakker
Joined Jun 2011 | Status: Trader | 15,628 Posts

Came too late to the party, it cuts through a good line at 3667. Too late for tears.

#648,530
Jan 17, 2022 5:50am Jan 17, 2022 5:50am

Nd10
Joined Mar 2019 | Status: Trader | 1,374 Posts

Quoting donfriday

Disliked

{quote} thats a big question some traders only use the closing price to draw TL the look of the candle is not necessary to TL as the OHLC its the trader that use the look of candlestick as confirmation which is often the closing price but as you know everyone is doing what work for them as long as u have your own money u are ur own boss flexing muscles on ur PC..lol again thats why i always prefer to use RN because if u bring out 10 traders they may have different ways to trade it but never different how to draw a RN horizontally, I have been looking...

Ignored

Exactly. Abeg clear me. Wetin b RN

#648,531
Jan 17, 2022 5:51am Jan 17, 2022 5:51am

Bakker
Joined Jun 2011 | Status: Trader | 15,628 Posts

Hope for some respite at 3654 after close of current H1 bar.

#648,532
Jan 17, 2022 5:56am Jan 17, 2022 5:56am

Robinhood1
Joined Dec 2011 | Status: Postmaster | 11,928 Posts

Quoting Nd10

Disliked

{quote} Hey Robinhood, Greetings. Can you explain the reverse down please. Also, it isn't my PP. It is market PP

Ignored

Hi. Its not valid anymore. Did not post any comments so i do not seem a neurotic but its part of my learning process like most of us here. Breaking 136 last week totally confused me and i might have found the explanaition. Therefore its heading down to 13465 as i see it now. I have both longs and shorts, more shorts thou. See how i get rid of my longs with the least loss. pullback at 13510 and following target 13234 and so forth downwards till one of the targets is violated. Resuming:

adding shorts at resistences 13510, 13278, 13049, 12821 etc, etc until any of my supports is broken through without the expected pullback.

Edited. Supports: 13465, 13234, 13096, 12868 and so on

This is all worked out on Gann´s wheel as you know and learning. Thanks

POSTMASTER

#648,533
Jan 17, 2022 6:01am Jan 17, 2022 6:01am

donfriday
Joined Jan 2009 | Status: bye FF | 8,806 Posts

Quoting Nd10

Disliked

{quote} Exactly. Abeg clear me. Wetin b RN

Ignored

RN Round Number

MY OPINION NOT FINANCIAL ADVISE

#648,534
Jan 17, 2022 6:10am Jan 17, 2022 6:10am

Robinhood1
Joined Dec 2011 | Status: Postmaster | 11,928 Posts

Thinking logically (my logic)

, 13635 is 13840´s pullback as 13403 is 13600´s pullback. There were no pullback from 13600 and we did not reach 13840. I am curious to see what happens at 13635 if it reaches ofcourse