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Cable Update (GBPUSD)

  • #677,241
  • Aug 21, 2022 1:22am Aug 21, 2022 1:22am
Quoting eyefeelsix
{quote} navk, I'm still new here, but I can already see the personality of each member here : ( in my view ) for those who want to learn : Market mapping --- Correg2004 Market driving --- Patchiko Risk management --- navk ( you of course ) Patience --- Wavegarrick Smart decision --- Georginson the five elements above are very important on trading the market and cannot be separated from each other, and see what happens if they ( learner ) can mastering all of that? this thread is a right place to learn and fun ( to me ) no need to steal ideas secretly,...


i want to learn I am humble
MY OPINION NOT FINANCIAL ADVISE
  • #677,242
  • Aug 21, 2022 2:24am Aug 21, 2022 2:24am
talk about a lot of indicators
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yes yes yes
  • #677,243
  • Aug 21, 2022 2:32am Aug 21, 2022 2:32am
talk about mine as well
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IgorFX
  • #677,244
  • Aug 21, 2022 2:37am Aug 21, 2022 2:37am
Quoting Moty
talk about a lot of indicators {image}
I like your style very much. Everyone says that the price is going to drop by 1000 pips from here, but you don't pay attention. You stick to your principlesMaybe the price will go up to 1.22 from here. Who knows???!!! Absolutely no one... We are just checking the possibilities. I hope everyone makes good profits next week. It's always been the same. There have been 2 analyses. One said that we are falling because of this reason. Another one said that we are rising because of this reason. It will always remain the same. The only lasting principle in the market is the difference in the way of looking at the market.
There is nothing wrong with being kind & loving to each other
  • #677,245
  • Aug 21, 2022 3:11am Aug 21, 2022 3:11am
Quoting keyman.
talk about mine as well {image}
Now that's what I like to see, nice clear concise, easy to use charting. Could you please add a 21 ma?
Don't trade what you think. Just what you see!!!
  • #677,246
  • Aug 21, 2022 3:16am Aug 21, 2022 3:16am
Quoting Moty
talk about a lot of indicators {image}
Same too. Add a 21 ma on please and I think you've cracked it. Don't forget only a SMA one not the EMA one!!!
Don't trade what you think. Just what you see!!!
  • #677,247
  • Edited 3:46am Aug 21, 2022 3:25am | Edited 3:46am
Quoting navk
{quote} Let me tell you why I mentioned that way. 1. Your chart is clear with levels. ( Range ) And most importantly, others can look at the chart and take trading decision, that way it helps. Your chart does not give trading advice. 2) Charts showing just bias. This is ok. Traders can define the range on their own. 2. Showing Chart analysis without levels ( even range ). And changing bias frequently. This one is no use. 3) Charts showing trades with TP and stop loss in the charts. This also does not help others much . It will help others...
Eh Navk

"No. 1 is number one"

Bud- I found him... I've search all around the world and I found him

https://www.forexfactory.com/traderone001
Don't trade what you think. Just what you see!!!
  • #677,248
  • Aug 21, 2022 3:43am Aug 21, 2022 3:43am
There is a lot of doom and gloom on this pair. Now on me charts... I can see a very small fightback on the lower timeframes and this pair on Friday was pushed to extremes and some of you Bull guys made money. I don't know how. I only just survive a 130 pip bear trap... Got out by the skin of my teeth. O yeh I was a bear by the way.

Now either pound draws a line in the sand and the Bulls fight or....if this turns and holds ... well I don't need to tell you,,
Don't trade what you think. Just what you see!!!
  • #677,249
  • Aug 21, 2022 4:07am Aug 21, 2022 4:07am
Quoting Theoak
There is a lot of doom and gloom on this pair. Now on me charts... I can see a very small fightback on the lower timeframes and this pair on Friday was pushed to extremes and some of you Bull guys made money. I don't know how. I only just survive a 130 pip bear trap... Got out by the skin of my teeth. O yeh I was a bear by the way. Now either pound draws a line in the sand and the Bulls fight or....if this turns and holds ... well I don't need to tell you,,
Not just technically, fundamentally..

In 'Truly Alarming' Sign, Surging UK Yields Fail to Rescue Pound

Even with good news that support the GBP, GBP seems to be unable to win bids. I think any upside to the Cable is limited and selling rallies would be a far safer option.
  • #677,250
  • Aug 21, 2022 4:50am Aug 21, 2022 4:50am
Quoting donfriday
{quote} i want to learn I am humble
only the market can teach you, the market is the best teacher in the world or even life of course, the five elements above are just a trigger to understanding it better.
on the learning process there are no humble people on the forex market btw, they are people who want to live independently and don't need other people so that the nature of traders is just arrogant and stubborn. they will be lost for a long time and find their own way out until success ( if survive ) become humble and gone by themselves..
anyway, sorry sometimes my words offend, there is no other purpose, everything I wrote in this thread from the beginning until now is for the good of all and is an undeniable fact in the world of trading.
https://breakpullback.com
  • #677,251
  • Aug 21, 2022 5:26am Aug 21, 2022 5:26am
be with the market and:
1) Create your team and be a leader with money (if you want) so that no one distracts you but helps, because this is the main reason for the failures of traders, real useless garbage is thrown into their heads, but only one thing is really worthwhile.
2) Be lonely trader with money. (if you want)


I would consider that these, for example, gurus-traders from YouTube, teachers are no worse than the market
IgorFX
  • #677,252
  • Aug 21, 2022 5:27am Aug 21, 2022 5:27am
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  • #677,253
  • Aug 21, 2022 6:01am Aug 21, 2022 6:01am
Quoting keyman.
be with the market and: 1) Create your team and be a leader with money (if you want) so that no one distracts you but helps, because this is the main reason for the failures of traders, real useless garbage is thrown into their heads, but only one thing is really worthwhile. 2) Be lonely trader with money. (if you want) I would consider that these, for example, gurus-traders from YouTube, teachers are no worse than the market
It finally makes sense- I can be in a team (or not)! And as long as I'm in a team (or not) I will succeed.

That's where I'm going wrong... I'm not on my own and I'm not in a team. Where am I? What am I? Who am I? I don't know... help!

I'm going straight to youtube to find the answer! If I'm lucky I might find a guru!
Don't trade what you think. Just what you see!!!
  • #677,254
  • Edited 6:21am Aug 21, 2022 6:08am | Edited 6:21am
Quoting Theoak
{quote} It finally makes sense- I can be in a team (or not)! And as long as I'm in a team (or not) I will succeed. That's where I'm going wrong... I'm not on my own and I'm not in a team. Where am I? What am I? Who am I? I don't know... help! I'm going straight to youtube to find the answer! If I'm lucky I might find a guru!
would you just become a real guru with a team (or not) and without extraneous factors? Just by sitting at the computer.
IgorFX
  • #677,255
  • Aug 21, 2022 6:12am Aug 21, 2022 6:12am
Quoting Theoak
{quote} It finally makes sense- I can be in a team (or not)! And as long as I'm in a team (or not) I will succeed. That's where I'm going wrong... I'm not on my own and I'm not in a team. Where am I? What am I? Who am I? I don't know... help! I'm going straight to youtube to find the answer! If I'm lucky I might find a guru!
Or give that fella next door a try, rather than travel aalll the way to YouTube country...
  • #677,256
  • Edited 6:32am Aug 21, 2022 6:21am | Edited 6:32am
Quoting Georginson
{quote} I will have to close all my buy transactions in negative, this can get more ugly, imagine the weekly dropped by 356 pips with just 30 pips lower shadow... 1.1576 - 1.1667 area is now badly exposed.
Exactly. I see that too. I also closed my buys with average loss. My hedge shorts helped. Thank God I spotted the dump and made the bold decision to hedge. I started hedging when price went 60 pips against me. I hedged multiple times and closed all at 1818. It helped a lot.

Now, no buys until the local highs are taken out firmly. I will only sell good retracements. I won't buy the retracements, except with strong reason.
  • #677,257
  • Aug 21, 2022 6:27am Aug 21, 2022 6:27am
Quoting Matej.FX
Trend: downtrend LH at 1.2250 LL at 1.1824 My plan for Monday. If the price falls below LL and returns to LL I will trigger Buy order with 50 pips SL and 50 pips TP. Will post a trade once it is executed. See you on Monday!
LL 1.1760?
  • #677,258
  • Aug 21, 2022 6:37am Aug 21, 2022 6:37am
Bearish out look for GBP. Because the price looks deep down. No doubt, no body need to say the price is bearish.

Every body writes in this forum as well as in News Articles.

Can we go short when market opens?

Big No to me unless the price breaks 1692.

I am contemplating a buy on open. Some 30 to 40 pips still worth.

Who knows... 30 t0 40 may become 100 pips !

we need few pips to make money counting.

Yeah, I am seeing possible bounce from current price.
Intraday only.
  • #677,259
  • Aug 21, 2022 7:36am Aug 21, 2022 7:36am
If we do get a slight bullish start/ retrace I feel max we are going outside the green box is where it touches the blue descending line. I will pull out with a loss there and then let go short to break below 11760
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Insane in the Brain..
  • #677,260
  • Aug 21, 2022 7:41am Aug 21, 2022 7:41am
Quoting BeeTogether
If we do get a slight bullish start/ retrace I feel max we are going outside the green box is where it touches the blue descending line. I will pull out with a loss there and then let go short to break below 11760 {image}
For the price to retrace on open, Watch out 1800.

However if 1792 breaks more down.
Intraday only.
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