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Cable Update (GBPUSD)

  • #657,101
  • Edited 8:57am Apr 26, 2022 8:40am | Edited 8:57am
Quoting donfriday
{quote} historically all time High or low what will be ur trade position? Gu will need some heavy bad news to drop that much
Where histilogically printed already may some such news inevitably to accomplish the past views, so possible theirs future disaster in the past accumulated ways of action. But sad that my all time favourite eu long time bull got distorted too, perhaps the war be very big next! And it may get hit nukes! Easiest way and now as already started for most vulnerable level 1. 1409 or before 2070 !! May Allah bless all!
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #657,102
  • Apr 26, 2022 8:45am Apr 26, 2022 8:45am
Quoting Learner-xx
{quote} I'm sorry man. I certainly did not mean to trigger you or anything and was in no way trying to make a point that anyone is an idiot. It's just that i was taught trading by a bank trader and he told me how they laugh when they hit your stops. It pisses me off. Sorry if I sounded belittling to anyone, I just hate these guys. He told me about how sometimes they trade in a range to accumulate contracts by validating the chart patterns, the fibs, the support and resistance and how sometimes they make a support hold so that you make little profit...
Did said 'bank trader' have to go through a wardrobe each day to get to his fabled land, or perhaps he was on a quest to throw a ring into a big volcano? Honestly, that old Chestnut - all the bank traders sitting around laughing at all us retail traders that make up a whopping 2% of total volume traded. I've been a bank trader in London and 2 years in New York, (Not Botswana,) and I can assure you we had better things to do. Retail didn't even figure in our minds. We may not be market makers, or indeed have the volume to move the market, but it is possible to fashion an edge with the tools available to us whether that be technically, fundamentally, or other.
Trader with an Edge.
  • #657,103
  • Apr 26, 2022 8:52am Apr 26, 2022 8:52am
Quoting Coreg2004
update... {image} {image}
Your dxy wave 5 is where i expect a termination
  • #657,104
  • Apr 26, 2022 8:57am Apr 26, 2022 8:57am
price going up or down?! The situation is completely 50-50 now
There is nothing wrong with being kind & loving to each other
  • #657,105
  • Apr 26, 2022 8:58am Apr 26, 2022 8:58am
Quoting donfriday
{quote} We have many trends intraday short mid long which of them are u trading? GU is bullish in long term
I trade 5m charts and follow the trend that my indicators detect, when they are all aligned in one direction I enter. In one session there may be several trend changes, I try to trade all the opportunities that my indicators give me.
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  • #657,106
  • Apr 26, 2022 8:59am Apr 26, 2022 8:59am
Quoting Nd10
{quote} Your dxy wave 5 is where i expect a termination
standard zone for an extended W:5...we will see if it will hold.
Always trade your own plan...I don't provide trading signals.
  • #657,107
  • Apr 26, 2022 9:03am Apr 26, 2022 9:03am
IMHO trading is nothing more than glorified gambling, if 1 out of 5 S&R hold that gives a 20% chance of winning so with a RR of 4-1 you would need to win once for every 4 losses to BE, however if you pick a key S&R level (like 1.3 when that broke or 1.33 before) and follow the trend you could feasably get in with RR of 20:1 or better - which with a 20% chance of winning gives you a positive expectancy.
  • #657,108
  • Apr 26, 2022 9:03am Apr 26, 2022 9:03am
...there are patterns of regular bullish div 15min - 4hr at current dly lo, but then we've seen that before in this move down! lol.
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Russia are going to be busy, they are engaged in a quagmire in Ukraine, and they have threatened the whole of Nato, as well now as Japan, Finland and Sweden!
Trader with an Edge.
  • #657,109
  • Apr 26, 2022 9:12am Apr 26, 2022 9:12am
Quoting Headland
{quote} Did said 'bank trader' have to go through a wardrobe each day to get to his fabled land, or perhaps he was on a quest to throw a ring into a big volcano? Honestly, that old Chestnut - all the bank traders sitting around laughing at all us retail traders that make up a whopping 2% of total volume traded. I've been a bank trader in London and 2 years in New York, (Not Botswana,) and I can assure you we had better things to do. Retail didn't even figure in our minds. We may not be market makers, or indeed have the volume to move the market,...
I have since been taught that the only edge there is, is to trade in line with the dealer/market maker. All other things operate on luck You wait for him to show you a hand and then take the trade with a big lotsize without any fear because you are reacting to what he shows you. I was told that trading should not have to be stressful, you crying there, red eyes, watching your charts all day, stressing over whether support will hold etc. I get in everyday, take away $500 and sit aside as I watch people erode their accounts
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Executing trades with precision!!
  • #657,110
  • Apr 26, 2022 9:13am Apr 26, 2022 9:13am
Forget checking usdx, it already over 102, may test 103.94 this week/month! So fast extensions running smoothly!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #657,111
  • Apr 26, 2022 9:14am Apr 26, 2022 9:14am
Quoting Learner-xx
{quote} I have since been taught that the only edge there is, is to trade in line with the dealer/market maker. All other things operate on luck You wait for him to show you a hand and then take the trade with a big lotsize without any fear because you are reacting to what he shows you. I was told that trading should not have to be stressful, you crying there, red eyes, watching your charts all day, stressing over whether support will hold etc. I get in everyday, take away $500 and sit aside as I watch people erode...
...following the big money/trend is certainly a sensible way to trade. Continued success to you.
Trader with an Edge.
  • #657,112
  • Apr 26, 2022 9:15am Apr 26, 2022 9:15am
Only Sell_ T.P-1.26513
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Intraday Trading is an Art _ hoda
  • #657,113
  • Apr 26, 2022 9:17am Apr 26, 2022 9:17am
Quoting Coreg2004
{quote} standard zone for an extended W:5...we will see if it will hold.
Hi coreg, if 5th extended, what is the FE to look for?
Usually its 61.8-78.6 of wave 3
ab=cd of 3rd and 5th?
  • #657,114
  • Apr 26, 2022 9:24am Apr 26, 2022 9:24am
Attached Image
Trader with an Edge.
  • #657,115
  • Apr 26, 2022 9:26am Apr 26, 2022 9:26am
Quoting Georginson
{quote} A strong support at 1.2661 area... Should this hold expect 1.3150 within 3 - 5 weeks, failure to hold this level, will be an attack of 1.2470 in May.
the 1,2600 low is still valid for you?
There is nothing wrong with being kind & loving to each other
  • #657,116
  • Apr 26, 2022 9:27am Apr 26, 2022 9:27am
Quoting Learner-xx
Like I said since forever and even last week guys, the trend is still down. I have not seen anything to convince me that the trend has changed direction, ever. All they do is entice you to buy, thats it. Do you see how GU has went 90 pips down today? How do they do that? Slow and steady. I have said this a number of times. The real forex move is slow, steady and relentless. It keeps going on and on. It may stop for a while to make you think, or there is support maybe it will hold, after an hour or two, price just goes through....
GU keeps going down and hitting stops of buyers
Executing trades with precision!!
  • #657,117
  • Apr 26, 2022 9:30am Apr 26, 2022 9:30am
Quoting Whale
{quote} Hi coreg, if 5th extended, what is the FE to look for? Usually its 61.8-78.6 of wave 3 ab=cd of 3rd and 5th?
Whale, I use APP (alternate price projection) W:1-3 from W:4
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Always trade your own plan...I don't provide trading signals.
  • #657,118
  • Apr 26, 2022 9:34am Apr 26, 2022 9:34am
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Everyone can see the chart, but only a few can actually read it.
  • #657,119
  • Apr 26, 2022 9:36am Apr 26, 2022 9:36am
...wkly S2 exceeded.
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In the absence of potential supp on 1hr/4hr we look @ dly + but even on dly it is mostly folly to try to fashion a counter-trend entry on sub 1hr t/f's (for most) ...best to wait for 4hr, or 1hr minimum, as the trigger. On wkly potential supp, dly, or 4hr minimum would be the best entry trigger.
Trader with an Edge.
  • #657,120
  • Apr 26, 2022 9:37am Apr 26, 2022 9:37am
damn, cable has been an absolute bloodbath lately
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