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Cable Update (GBPUSD)

  • #651,761
  • Feb 11, 2022 2:50am Feb 11, 2022 2:50am
Break up !!!!
Up up and away
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yes yes yes
  • #651,762
  • Edited 3:04am Feb 11, 2022 2:51am | Edited 3:04am
Usdx correcting before restart fresh! Gap filling or so! So gold and gu enjoy one last leg up, range up as 5th!
Gu may hit 3573 b, arounds will look for sell signals 3561 breaks and bounce to sell start scalping
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #651,763
  • Feb 11, 2022 3:11am Feb 11, 2022 3:11am
GBPUSD, GBPCAD, GBPJPY, Same setup. All technical traders in the world see those as buys, but they are sell's anyday. Even in my sleep. LOL
Executing trades with precision!!
  • #651,764
  • Feb 11, 2022 3:20am Feb 11, 2022 3:20am
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Intraday Trading is an Art _ hoda
  • #651,765
  • Feb 11, 2022 3:22am Feb 11, 2022 3:22am
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Very clear head and shoulders forming on cable 30 minute . As a tendency the more a right shoulder exceeds the left shoulder the greater the mark down . Of course the nearer the right shoulder gets to the top of the head the pattern becomes less clear and valid .
  • #651,766
  • Feb 11, 2022 3:37am Feb 11, 2022 3:37am
We have a lot of rich traders here who would comfortably burn down thousands of dollars than help you with a $100 capital.
How sad a trader with $25,000 allows a losing trade to drawdown by $2,500 floating loss beats my imagination and then finally 25k going into flames? How sad?
After destroying your own account, you then decided to look for a magician who would help you recover back 25k by handling him 1k capital? How is this even possible within a short time? Yes it will be possible within a period of 3 years turning 1k to 25k with less stress and the right strategy.
25k will change millions of people status worldwide but regrettably was wiped out just like that through fx trading.
I remember coming out here openly asking for a $200 capital but they shouted me down calling me a scammer. I have never asked to trade for anyone here. I have proven myself to be a good trader several times but non is ready to assist me. I have all it takes to earn $10 every trading day consistently from $200 equity. I challenge any one here to create a test account for me .
The greatest problem in forex world is that those who knows how to trade don't have access to trading capital. You can't even access prop firm without registration fees.
  • #651,767
  • Feb 11, 2022 3:50am Feb 11, 2022 3:50am
Quoting Chancy
{image}Very clear head and shoulders forming on cable 30 minute . As a tendency the more a right shoulder exceeds the left shoulder the greater the mark down . Of course the nearer the right shoulder gets to the top of the head the pattern becomes less clear and valid .
Ok, let's see, test reaction low to burst and hold then target much lower. 120 pips below 3523 reaction low , about 3400!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #651,768
  • Feb 11, 2022 4:47am Feb 11, 2022 4:47am
Look at that red bar come and close down big. They have trapped enough people. there were people who saw that big green bar going up and thought ohh no we are missing the move, and bought at the worst possible place on the chart. A nd guess what, they pull away from that level with their contracts. That's what happened yesterday as the peak was formed. a lot of people are trapped up there. and if you are one of them please scratch out of that trade with a small loss and prepare to sell. Trust me. Notice that on GBPJPY they didn't go quite as high as in GBPUSD and on GBPCAD they closed on a hammer. why? they had enough trapped contracts already. No need to go up big and release traders with small losses. The goal here is to get the trader's money. PERIOD!!!
Executing trades with precision!!
  • #651,769
  • Feb 11, 2022 4:54am Feb 11, 2022 4:54am
Long in at 1.3582 target 1.3596 looking to add!!
Don't trade what you think. Just what you see!!!
  • #651,770
  • Feb 11, 2022 5:03am Feb 11, 2022 5:03am
Quoting Learner-xx
Look at that red bar come and close down big. They have trapped enough people. there were people who saw that big green bar going up and thought ohh no we are missing the move, and bought at the worst possible place on the chart. A nd guess what, they pull away from that level with their contracts. That's what happened yesterday as the peak was formed. a lot of people are trapped up there. and if you are one of them please scratch out of that trade with a small loss and prepare to sell. Trust me. Notice that on GBPJPY they didn't go quite as high...
Look at that red bar come and close down big.

A time frame might actually give folks a clue as to which red bar you're talking about.
To free Gazans of Hamas, use whatever it takes.
  • #651,771
  • Feb 11, 2022 5:15am Feb 11, 2022 5:15am
Quoting Theoak
Long in at 1.3582 target 1.3596 looking to add!!
Completed
Don't trade what you think. Just what you see!!!
  • #651,772
  • Feb 11, 2022 5:21am Feb 11, 2022 5:21am
Now the more i see. The daily TF its accumulation Phase of 3
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #651,773
  • Feb 11, 2022 5:25am Feb 11, 2022 5:25am
Quoting DrDave
{quote} Look at that red bar come and close down big. A time frame might actually give folks a clue as to which red bar you're talking about.
Sorry about that. All my observations are on the 15M time frame. The big bar down is happening as I write this
Executing trades with precision!!
  • #651,774
  • Feb 11, 2022 5:26am Feb 11, 2022 5:26am
When the big RED bar down closes, it's game over. Im selling. 15M timeframe
Executing trades with precision!!
  • #651,775
  • Feb 11, 2022 5:28am Feb 11, 2022 5:28am
Quoting mysterio
{quote} Got in at weekly pivot, absorption on footprint and some confluences Asia high seems good target, already taken off a portion {image}
Got a second buy in, partial taken and runner flying !
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  • #651,776
  • Feb 11, 2022 5:31am Feb 11, 2022 5:31am
the weekly pivot and the h4 200 ema support price for the all week
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yes yes yes
  • #651,777
  • Feb 11, 2022 5:31am Feb 11, 2022 5:31am
If you look at on the 1H what do you see? A spike candle. At one point it was solid green but look at it now. That is the pin that does damage in the market. Anyone who bought GBPUSD on that pin thinking it's momentum, is now red on their account. It's meant to trigger the stops, grab pending orders of those who place buy orders and said if price comes to a particular level, im buying. its also meant to induce people to buy buy buy!!!! and gets what, they trap the traders, shift the zone and start sliding down. Just look and see all this play out, you may think im crazy but just watch and see. it's beautiful
Executing trades with precision!!
  • #651,778
  • Feb 11, 2022 5:33am Feb 11, 2022 5:33am
Quoting bilal1947
{quote} Hi Mysterio Kindly share how do you read footprint and absorption, any chart with a couple of annotations would be good. i am trying to understand it for learning. {image}
I'll get back to you on your thread Bilal when I get some time. I'm out at the moment. Is it just absorption you are trying to read ?

Edit -- check this post, i'll send more when I get time.

Hundreds of contracts appeared on the bid side and the candle closed bull. You need to change your chart from delta to bidxask first

https://www.forexfactory.com/thread/...4#post13873864
  • #651,779
  • Feb 11, 2022 5:36am Feb 11, 2022 5:36am
...back @ desk for a while

Over 61.8% of the drop from y/day hi - today's current lo (3644-3513,) given back @ the current p/back hi where price has encountered supply. Quite a bounce down, up, down, then up again - y/day and today. A game of yo-yo.

1hr below.
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Trader with an Edge.
  • #651,780
  • Feb 11, 2022 5:38am Feb 11, 2022 5:38am
Quoting mysterio
{quote} I'll get back to you on your thread Bilal when I get some time. I'm out at the moment. Is it just absorption you are trying to read ? Edit -- check this post, i'll send more when I get time. Hundreds of contracts appeared on the bid side and the candle closed bull. You need to change your chart from delta to bidxask first https://www.forexfactory.com/thread/...4#post13873864
i am trying to read this foot print chart as how i can make it useful for trading,
Sure, take your suitable time.

TIA
regards
bilal
"Exchange of hands"
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