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Cable Update (GBPUSD)

  • #663,301
  • Jun 13, 2022 7:59am Jun 13, 2022 7:59am
Quoting Nd10
{quote} Hello Headland, Thanks for your invaluable input as always. Well as you have stated, most of us are technical traders and as such rely mostly on the charts. We might as well have seen the low tested again and for this year irrespective of the fundies. That's for me though. I do not however insist that there couldn't be a new low. Now to the prices i highlighted, that is what I see. 1.3, i never said would be attained anytime soon. That's why I pointed out my prices of interest. Thanks
It was a good long on the lower t/f's - ie good pot (potential) support testing deep into it, and reg bull div 1min - 1hr ...5min also had an exp tri there. I just didn't hold it for a cricket score, being anti-trend.

Will have to see whether this pot supp zone down to 2155 current yrly lo and indeed down to 2074 gets busted thru to the downside on back of more data/central bank stuff later this week.

5min below
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Trader with an Edge.
  • #663,302
  • Jun 13, 2022 8:03am Jun 13, 2022 8:03am
I'm going commercial soon.. Is there any benefit for commercial members?
My telegram: https://t.me/avidforex
  • #663,303
  • Jun 13, 2022 8:06am Jun 13, 2022 8:06am
Quoting martinez1
{quote} Yes you are right but telling anybody to buy or sell at a particular price won't help either. There is nothing special about my knowledge am not the smartest but one thing i have is enough screen time that i have accumulated for over a decade and i follow the money, i don't stand before the train, i follow the trend until it bends. When i post like right now, is either the trader digest it, learn from it, improve upon it, become inspire or hates me, get discouraged but what ever he chooses to do is up to that trader and am good with it....
martinez1, unless you trade the range in the direction of the trend, so you still go with the trend...
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Always trade your own plan...I don't provide trading signals.
  • #663,304
  • Jun 13, 2022 8:09am Jun 13, 2022 8:09am
Quoting JereMi256
{quote} It's weak at the moment, i will add more lower.
Added @1.2181
SL 1.21637
Face 'ur fears & tame 'ur greed
  • #663,305
  • Jun 13, 2022 8:10am Jun 13, 2022 8:10am
Quoting donfriday
{quote} the trend have been bearish since last year but guess we retrace 500pips in may the trend only determined on the TF you watch. i can pick a trend of 1 min chart a trend is a movement or journey, you may plan a long journey while others plan 1hr journey ..you need risk management more than a trend to survive
Always trade your own plan...I don't provide trading signals.
  • #663,306
  • Jun 13, 2022 8:42am Jun 13, 2022 8:42am
Quoting donfriday
{quote} the trend have been bearish since last year but guess we retrace 500pips in may the trend only determined on the TF you watch. i can pick a trend of 1 min chart a trend is a movement or journey, you may plan a long journey while others plan 1hr journey ..you need risk management more than a trend to survive
Yes, you are right with timeframe but let me ask you something, watching this market since on Friday what would be the best and easiest way/ direction to go knowing that your a day trader?

When you look at the market as a day trader or swing trader or scalper what do you see???

This thing is like love, market and love they are not complicated we humans are, we make simple things complicated.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #663,307
  • Jun 13, 2022 8:48am Jun 13, 2022 8:48am
Let me say this for those who cares to read, see nothing holds the train/trend down if it's strong enough, no support, no resistant, no pin bar, no engulfing etc.
instead just use this and ride with the trend until it ends, yes when it ends it might take a little from you that won't matter in the long run.

STOP MAKING THESE THINGS COMPLICATED. I WON'T TELL YOU TO BUY HERE OR THERE BUT THIS WORDS OF WISDOM WILL HAD MORE PROFIT TO YOU THAN EVER.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #663,308
  • Edited 9:06am Jun 13, 2022 8:52am | Edited 9:06am
Quoting martinez1
{quote} Yes, you are right with timeframe but let me ask you something, watching this market since on Friday what would be the best and easiest way/ direction to go knowing that your a day trader? When you look at the market as a day trader or swing trader or scalper what do you see??? This thing is like love, market and love they are not complicated we humans are, we make simple things complicated.
i know you werent asking me but your question appeared gininuine . and were aall here to help each other right. i greatly reccommend checking out Al brooks material, books youtube etc, helped me alot in this regard. to elaborate a bit on the subject myself this the key to this whole thing from s daytrading/ scalping perspective. is bias. after knowing what it is the process for entering successful trades is rather simple, ya know, buy low sell high. i remember being so so frustraded with being confused at such a simple concept. ive come to understanstand that certin times of day are very important to the market. after knowing what those times are one can match his or her understanding of bias with the highs and lows presented in those important "times" to generate really consistent winning entries
"TIME AND PRICE IS ALL THERE IS"
  • #663,309
  • Jun 13, 2022 9:00am Jun 13, 2022 9:00am
Quoting JereMi256
{quote} Added @1.2181 SL 1.21637
keeping the SL area tight I see.
Insane in the Brain..
  • #663,310
  • Jun 13, 2022 9:00am Jun 13, 2022 9:00am
Quoting JereMi256
{quote} Added @1.2181 SL 1.21637
Closed all manually @1.2176
Entered short immediately, tight stop.
Face 'ur fears & tame 'ur greed
  • #663,311
  • Jun 13, 2022 9:01am Jun 13, 2022 9:01am
Quoting martinez1
{quote} Yes, you are right with timeframe but let me ask you something, watching this market since on Friday what would be the best and easiest way/ direction to go knowing that your a day trader? When you look at the market as a day trader or swing trader or scalper what do you see??? This thing is like love, market and love they are not complicated we humans are, we make simple things complicated.


in last week market there was buyers and seller


the selllers where kinda lucky that liquidity of tuesday could have hit there sl all the way to 1.2750-1.28


if you read the trend very well i was expecting 1.2400 and 1.2350 let be honest we dont know where the price may go and nobody saw this heavy drop in just few days of June, very weird.

taking trade in trend continuation is different from picking in a range anyone can get hit or survive...
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MY OPINION NOT FINANCIAL ADVISE
  • #663,312
  • Jun 13, 2022 9:04am Jun 13, 2022 9:04am
...to some extent, it's traders' technical training [whether formal or just thru watching charts,] that gets them into trouble going anti-trend against a strong trend. In the sense that after an impulse wave we are expecting a corrective wave, (ie a pullback,) It is also because if you are not currently in the market with a trend trade there is a tendency to think the next trading opportunity is the pullback - ie maybe frustration thru not having a trade on plays a part. Also not recognizing that certain fundie triggers are important and affect market sentiment/ are game changers. Finally, I guess thinking that what goes up or down must come down or up respectively. Tech indy's don't help either if you put all your faith in them, 'oversold' in this downtrend eg is because it's strongly trending, not necessarily a buy signal. Regular Div is potentially more reliable against a strong trend, but that has it's limitations and should be used wisely if going anti-trend @ potentially strong support.
Trader with an Edge.
  • #663,313
  • Jun 13, 2022 9:05am Jun 13, 2022 9:05am
Quoting BeeTogether
{quote} keeping the SL area tight I see.
Yeah, PA is showing another minor drop. I want to set it at BE and watch where it takes me
Face 'ur fears & tame 'ur greed
  • #663,314
  • Jun 13, 2022 9:07am Jun 13, 2022 9:07am
Look around you this laws are every where, Even in my country we have two most powerful political parties. APC and PDP, APC is the ruling party, will it be wise to go against or fight the ruling party at the federal level when they have the military power, judges etc, if you are a member of PDP ??

Your chances of wining them in a battle is nearly impossible but in the state level you might have PDP as the power house because you belong there things will be easier for you in the state level.

Even The eagle knows this.....

The First law in 48 Laws of Power says: Never tries to Outshine your Master.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #663,315
  • Jun 13, 2022 9:09am Jun 13, 2022 9:09am
Gold I am long Tp 1846
  • #663,316
  • Jun 13, 2022 9:14am Jun 13, 2022 9:14am
when you read the chart on trend read it correctly


thats 5 years support



i have every reason to be bullish from here

1.20 is enough for me
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MY OPINION NOT FINANCIAL ADVISE
  • #663,317
  • Jun 13, 2022 9:21am Jun 13, 2022 9:21am
Quoting JereMi256
{quote} Yeah, PA is showing another minor drop. I want to set it at BE and watch where it takes me
Protected
Face 'ur fears & tame 'ur greed
  • #663,318
  • Jun 13, 2022 9:23am Jun 13, 2022 9:23am
Quoting JereMi256
{quote} Protected
Well done mate
Insane in the Brain..
  • #663,319
  • Jun 13, 2022 9:30am Jun 13, 2022 9:30am
No sign of retrace this pair is tanking like anything
Insane in the Brain..
  • #663,320
  • Jun 13, 2022 9:31am Jun 13, 2022 9:31am
Quoting Pat Chiko
{quote} GU Pre LO Sometimes Hindsight is very much clearer view to see the set up. That's why we got to train our brain to "SEE" the set up while candle is forming. {image}
GU

Recovery trade for loss t London.

End of scalping.

Focusing on another trade open (Long EUR/AUD)

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