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Cable Update (GBPUSD)

  • #675,481
  • Aug 13, 2022 7:55am Aug 13, 2022 7:55am
Short may be better now. Increasing interest rates doesn't help GBP anymore
  • #675,482
  • Aug 13, 2022 7:58am Aug 13, 2022 7:58am
Hi everyone so glad I found FF and the forum, so excited to do my first post! Brand new to trading and badly needing to learn - this feels like where it will happen thank you. I got a renko H1 chart with 2+ blocks green which is my strategy first trigger, mfi looking like its going up and amazing oscillator all pointing to its a good time to buy, only off sign is a 20 period ma trending down... in the pic thats the white dotted line... and it hasn't crossed the renko blocks yet. On the other hand a 50 and 8 period ma look like they are possibly heading into a cross with each other (green + red lines), which if they do is my confirmation to buy. This probably sounds like a post from the 90's, I still need to learn 2022 chart speak, Anywhoo all the best for the coming week!
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  • #675,483
  • Aug 13, 2022 8:26am Aug 13, 2022 8:26am
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  • #675,484
  • Aug 13, 2022 3:57pm Aug 13, 2022 3:57pm
Quoting Reverso
{quote} You see, before I stabilized, one of the scenario I encountered is the trade will hit TP anyway, but because I am in front of screen and saw it nearly hit TP, I manually exit myself for a little less TP, sometimes I exited even earlier than that, maybe 10% or a little more before hitting TP? If I do nothing, they would hit the full TP. If I keep doing this, eventually the missed profits add up and will slow down my growth, or put it in another way, my result tracking will be not so consistent. That's why I am so against of myself manually...
That is why you must learn to take part profit off the table, if it goes back to SL, you made some profit. You need to get some those EA that manages your trade for you. Sitting and watching is not good for you if you are relatively still new. Let the EA move your SL break even and spread and also let it take part profit off the table.
You got to learn these to last in this business.
All the best and more green pips to us all.
Born to rule my Economic World and Make a Difference!
  • #675,485
  • Aug 13, 2022 6:15pm Aug 13, 2022 6:15pm
Quoting TheWolf
Most important support 1.204 Resistance 1.215 Wednesday could be crucial Fed and CPI. I say with 97% of confidence that if Daily closes above 1.215, perhaps at 1.22, up-trend has started. If Daily closes below 1.204, downtrend should continue. However, after a long time I started getting trend reversal signals. For the trend to be officially up-trend Daily has to close above 1.25 respectively.

Weekly chart to previous week made lower high by - 17pips and higher lows. Next week we should know where trade is heading.

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  • #675,486
  • Aug 13, 2022 6:34pm Aug 13, 2022 6:34pm
Quoting fontu
checking one of my old long term chart to see pa . immediate term bearish , intermediate bullish and long more bearish ! and as usual nothing in straight line ! take care {image} {image} {image}
Your August 11 and August 14 4hr analysis is contradictory.

The analysis always goes wrong...this is one example.

Instead, why not wait for the PA to develop in a new week and put your post ?

On the 11 th, in a bearish scenario, you said bull action in 4 hr chart.

Now in today chart, you say Bear action in 4 hr chart.

These posts are not going to help anybody.

You are senior member and your posts are watched by many including myself.

Stick to one analysis, right or wrong, because it is analysis.
Intraday only.
  • #675,487
  • Aug 13, 2022 6:39pm Aug 13, 2022 6:39pm
Quoting TheWolf
{quote} This is actually no joke. Let's say you were shorting Euro against everything yesterday, well, you would have made 550 pips. If you did the same for Pound also that would have been another 550 pips in profit. That means if you were shorting both of these currencies against every other of 8 majors, you would have made over 1000 pips in one day! But how do we get to that that we short both of these? Well, I already identifiyed trends and established which currencies are currently the weakest and which are the strongest. I read somewhere that...
If this proves to be profitable, then why not.

Trading all major pairs one must have a strict strategy, eagle eyes 24/7 and sharp mind to react almost last minute if unforeseen media news are announced.
Which bank would you follow though, most have different views? Also banks not always right, proved to loose some times (Soros and BOE battle). BOC forecast was incorrect beginning of this year, so were others. ECB has constant battle with Swissbank. Not as easy as it looks.
What is your time limit? Catching 500 pips, can also end up loosing 500 pips. Interesing, wishing u gl.
Please share the outcome!
  • #675,488
  • Edited 7:28pm Aug 13, 2022 7:17pm | Edited 7:28pm
one step beyond ( cant pushing my engine ) bobbie, only master.
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  • #675,489
  • Aug 13, 2022 11:41pm Aug 13, 2022 11:41pm
Quoting BeeTogether
If we see a bearish start to the week the range could be quite limited {image}

Hey Sohail, ........... Congrats Bro
These are special times
The most enjoyable game I ever watched was last seasons opener.
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Bee stings the Devil.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #675,490
  • Edited 12:11am Aug 14, 2022 12:01am | Edited 12:11am
Bull or Bear?
Get on that train!!!!
Don't trade what you think. Just what you see!!!
  • #675,491
  • Aug 14, 2022 12:47am Aug 14, 2022 12:47am
Quoting Houtbay
Out of interest thewolf how do you determine various currency trends. What process do you use?
The only process I use.
Other traders might use trend lines, 3 higher highs and higher lows etc uptrend and vice versa downtrend, someone use just 2 perhaps

I go drink some coffee now. .. in the room 1408 ..
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  • #675,492
  • Aug 14, 2022 12:52am Aug 14, 2022 12:52am
I pay more attention to the behavior of the price in the 1.21 area tomorrow and this price is the basis of my trade. Although I think it will break in the coming days and target the lower areas. Maybe it will support and return to the 1.22 area. Analysis for Scalp Trading
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There is nothing wrong with being kind & loving to each other
  • #675,493
  • Edited 1:47am Aug 14, 2022 1:27am | Edited 1:47am
Quoting navk
{quote} Your August 11 and August 14 4hr analysis is contradictory. The analysis always goes wrong...this is one example. Instead, why not wait for the PA to develop in a new week and put your post ? On the 11 th, in a bearish scenario, you said bull action in 4 hr chart. Now in today chart, you say Bear action in 4 hr chart. These posts are not going to help anybody. You are senior member and your posts are watched by many including myself. Stick to one analysis, right or wrong, because it is analysis.
sorry if too puzzled , pa changes with no times and m1 to h4 all i consider smaller tf and what developed up to there may not always turn into daily developments due huge gap in times frames , h4 to daily ! so smaller tf pa likely frequent changes to success or unsuccessful attempts to change medium term , say daily or weekly. and this fluctuation is more evident in h4 due gapping next we usually observe . so pa may at times bearish or bullish might have mentioned .
anyway to bull gu presently it to correct or bear enough for next push up , that is bear in bull or bull fail to further bear before next bull action restart.
gu likely in bull intermediate term even may bear more or less towards previous low even and ultimately waiting for successful attempt to bul to reversal attempt even ! please see my chart carefully . nothing is stamped but possible pa , with legs more or less , with success or fail , at bear win or bull an ultimately one may win in medium term ! just see at the present pa , likely should breaks below 2061 to 1985 before next bull try , the upside limit 2166 move may ignore though and next bounce must consider that limit breaks 2166 but may not sustainable or bull success! in that case price may further tank to or just below 1889 to have much better bull action . so bear in bull or bull in bear all ok in smaller tf , perhaps no contradicted in short term consolidation as always in complex forms ,
anyway how is your funded accounts running ! i have an interest for later dates . , thanks , take care

14august
Quoting fontu
checking one of my old long term chart to see pa . immediate term bearish , intermediate bullish and long more bearish ! and as usual nothing in straight line ! take care {image} {image} {image}
11august
https://www.forexfactory.com/thread/...3#post14096893
Quoting fontu
Waiting for 2208/3 if hold for strong bull action or bounce to back for previous low, so now target areas.

https://www.forexfactory.com/thread/...8#post14096808
Quoting fontu
watching 2210/2199 signals to see if test and break previous low with short scalping ! little care at 2210 if want too strong bull !! take care {image}

https://www.forexfactory.com/thread/...1#post14096611
Quoting fontu
though it was further correction for gu still looks done prematurely and as already intent try to break previous top 2294 at an earliest to go next target breaks 2430 limit and up 2452 for real test intention reversal signal 2600/2666+. anyway limit down for up 2137 may take 2 waves still to test it . so long scalping already to see, signal up breaks 2203 and 2220. take care {image} {image}
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #675,494
  • Aug 14, 2022 4:50am Aug 14, 2022 4:50am
Quoting TheWolf
{quote} This is actually no joke. Let's say you were shorting Euro against everything yesterday, well, you would have made 550 pips. If you did the same for Pound also that would have been another 550 pips in profit. That means if you were shorting both of these currencies against every other of 8 majors, you would have made over 1000 pips in one day! But how do we get to that that we short both of these? Well, I already identifiyed trends and established which currencies are currently the weakest and which are the strongest. I read somewhere that...

Hello,

How are you this beautiful day?

Quick question, what source do you farm your sentiment analysis from?

Kind regards,

RD
  • #675,495
  • Aug 14, 2022 5:19am Aug 14, 2022 5:19am
GU: 4H
Monday I Will Scalp only those Fibo Levels (on LFT Chart).
Next week those levels are very important for me.
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Intraday Trading is an Art _ hoda
  • #675,496
  • Aug 14, 2022 6:37am Aug 14, 2022 6:37am
Quoting hoda
GU: 4H Monday I Will Scalp only those Fibo Levels (on LFT Chart). Next week those levels are very important for me. {image}
Great view buddy! Im also will be watching PA at this lower levels, hope for 196x or under to set up some medium terms longs but we must be carefull, we are under weekly pivot so no longs for me till I see buy pressure, cheers!
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People don't plan to lose. They lose because they don't plan.
  • #675,497
  • Aug 14, 2022 7:44am Aug 14, 2022 7:44am
Quoting fontu
{quote} sorry if too puzzled , pa changes with no times and m1 to h4 all i consider smaller tf and what developed up to there may not always turn into daily developments due huge gap in times frames , h4 to daily ! so smaller tf pa likely frequent changes to success or unsuccessful attempts to change medium term , say daily or weekly. and this fluctuation is more evident in h4 due gapping next we usually observe . so pa may at times bearish or bullish might have mentioned . anyway to bull gu presently it to correct or bear enough for next push up...
Don't respond to a post without a chart and technical analysis.
A critique must respond with a chart and his or her views with an analysis.
  • #675,498
  • Aug 14, 2022 7:57am Aug 14, 2022 7:57am
Quoting ScalaFX
{quote} Great view buddy! Im also will be watching PA at this lower levels, hope for 196x or under to set up some medium terms longs but we must be carefull, we are under weekly pivot so no longs for me till I see buy pressure, cheers! {image}

watch out 1.2150
I think next month 1.19
MY OPINION NOT FINANCIAL ADVISE
  • #675,499
  • Aug 14, 2022 8:16am Aug 14, 2022 8:16am
[quote=fontu;14099909]{quote} sorry if too puzzled , pa changes with no times

Why you even bother explaining to such comment. Two last paragraphs were not necessarily, its not an award ceremony.
One 4 hour candle can be bearish, while the next is bullish.
You are a scalper, you go with the trade. Thanks
  • #675,500
  • Aug 14, 2022 8:28am Aug 14, 2022 8:28am
My personal view


we are in a corrective trend since the touch of 1.17
in this Q3, the touch of 1.17 tells me there’s more to the down side but price need to make correction, now the touch of 1.22 tells me the correction is not over and by the end of it we should expect 1.25 and 1.27
i would love to see a touch of 1.23 stopping out weak sellers toward 1.19 where I will be looking for buy to 1.25/27.


this as been my view for several months now and still no change yet
MY OPINION NOT FINANCIAL ADVISE
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