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Cable Update (GBPUSD)

  • #685,541
  • Sep 19, 2022 10:47pm Sep 19, 2022 10:47pm
Quoting dempire1
{quote} he just explained
bsz and fvg???? What is this????
  • #685,542
  • Sep 19, 2022 10:47pm Sep 19, 2022 10:47pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 20 KB
yes yes yes
  • #685,543
  • Sep 19, 2022 10:51pm Sep 19, 2022 10:51pm
Quoting ninner
{quote} bsz and fvg???? What is this????
BSZ- Breakout Stop loss zone
FVG- Fair value Gap
ChoCh- Change of character
Compression- compression
LQ- (idk, may be low quality, not sure tho)
More time in the market, does not mean you trade better!
  • #685,544
  • Sep 19, 2022 10:51pm Sep 19, 2022 10:51pm
Quoting ninner
{quote} bsz and fvg???? What is this????
Thats the real questions you have to ask.

Also what is compression? Hopefully Pat will answer you
How to succeed in zero sum game?
  • #685,545
  • Sep 19, 2022 10:52pm Sep 19, 2022 10:52pm
Quoting ninner
{quote} bsz and fvg???? What is this????
I guess FVG is a fair value gap. BSZ I didn't get it too.
WARNING: This post warps space and time in its vicinity.
  • #685,546
  • Sep 19, 2022 10:52pm Sep 19, 2022 10:52pm
Quoting PatienceFx
{quote} if you explain again to him your secret will not get angry
thanks for the like, alright secrets remain secret
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-09-20 at 09-20-48 Cable Update (GBPUSD) Page 34278.png Size: 13 KB
do not follow me 99.9999999% of times, rest you can lol
  • #685,547
  • Edited 11:11pm Sep 19, 2022 10:52pm | Edited 11:11pm
Will be back after lunch during London session, we should be able to see at least 1.15 today.
Exhausted
  • #685,548
  • Sep 19, 2022 10:54pm Sep 19, 2022 10:54pm
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 19 KB
do not follow me 99.9999999% of times, rest you can lol
  • #685,549
  • Sep 19, 2022 10:56pm Sep 19, 2022 10:56pm
Quoting ninner
{quote} Curious what you see that is so bullish in GU???

Thanks for your interest on GU long set up that I looked at.

GBPUSD - 'tweezer bottom' and close above daily SR yesterday will see an excellent buying opp.
(I've put up all the reasoning +chart in my earlier posts to explain the set up. This is additional info.

For the very oversold pound - if this pattern holds support.
If the Fed raises < 1 point, it could be the catalyst for a rally, esp. if the BOE raises 0.5 points (or more?).

Looks like GU is prime for a nice correction before we get another leg down.
The Dollar may have other ideas from FOMC, so keep that in mind.

Since you are setting to go SHORT, can you share with me your perspective on the bear set up.
We exchange ideas and will benefit many with own analysis.

I'm all eyes and ear. Please share your thought here

Thanks you

Attached Image (click to enlarge)
Click to Enlarge Name: gu 055.jpg Size: 80 KB
I come from the future.
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  • #685,550
  • Sep 19, 2022 11:00pm Sep 19, 2022 11:00pm
Quoting PatienceFx
{quote} if you explain again to him your secret will not get angry
Lol........

No need secret or aksed in private.
I seldom answer my private message.

This is an open forum, free to ask anything.
So does the opposite.

Please ask for clarification in open, everyone learn for good of trading.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #685,551
  • Sep 19, 2022 11:06pm Sep 19, 2022 11:06pm
Quoting Pat Chiko
{quote} Lol........ No need secret or aksed in private. I seldom answer my private message. This is an open forum, free to ask anything. So does the opposite. Please ask for clarification in open, everyone learn for good of trading.
if he can discuss about his secret girlfriend (s) in public ; but of course he will deny them right now
do not follow me 99.9999999% of times, rest you can lol
  • #685,552
  • Sep 19, 2022 11:09pm Sep 19, 2022 11:09pm
everybody is talking about cable being bullish

i say avoid buying cable on h4 for now unless scalping
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 19 KB
do not follow me 99.9999999% of times, rest you can lol
  • #685,553
  • Sep 19, 2022 11:15pm Sep 19, 2022 11:15pm
Quoting Pat Chiko
{quote} GU Compression set up after BSZ. Price pulling back to FVG. Waiting for Sniper N3{image}
Pat, what's LQ AND HL?
Exhausted
  • #685,554
  • Sep 19, 2022 11:16pm Sep 19, 2022 11:16pm
Quoting ninner
{quote} bsz and fvg???? What is this????
No need to worry something you don't understand.
Here's I make it simpler for you.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 056.jpg Size: 170 KB



Now let me see your SHORT set up with brief description.
We share trading set up process.

No matter right or wrong, everybody will learn something today.

I'm all eyes and ears waiting for your chart.
Since I'm a Newbie, really don't mind learning from you.

Thank you
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #685,555
  • Sep 19, 2022 11:17pm Sep 19, 2022 11:17pm
Quoting Elysion
{quote} Pat, what's LQ AND HL?
LQ = Liquidity $$$$$$
HL = Higher Low
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #685,556
  • Sep 19, 2022 11:22pm Sep 19, 2022 11:22pm
Quoting Pat Chiko
{quote} LQ = Liquidity $$$$$$ HL = Higher Low
Ah, I see. Just needed the clarification to b sure.
Exhausted
  • #685,557
  • Sep 19, 2022 11:26pm Sep 19, 2022 11:26pm
12,26,9 macd is

12,26,9 EMA on chart

so unless price breaks 26 EMA on chart, do not buy , try it on demo
do not follow me 99.9999999% of times, rest you can lol
  • #685,558
  • Sep 19, 2022 11:32pm Sep 19, 2022 11:32pm
Quoting Pat Chiko
{quote} No need to worry something you don't understand. Here's I make it simpler for you.{image} Now let me see your SHORT set up with brief description. We share trading set up process. No matter right or wrong, everybody will learn something today. I'm all eyes and ears waiting for your chart. Since I'm a Newbie, really don't mind learning from you. Thank you

I dont usually post charts but gbpusd is in a clear downtrend....the trend is your friend....any rally in my view should be shorted...it should not be any more complicated than that my friend.
  • #685,559
  • Sep 19, 2022 11:36pm Sep 19, 2022 11:36pm
Quoting PatienceFx
12,26,9 macd is 12,26,9 EMA on chart so unless price breaks 26 EMA on chart, do not buy , try it on demo
You want a system,
here 3 MAs:
4 day
8 day
19 days

When 4 cross 8 from below, shows a buy signal. when 4 crosses 19days, confirmation and Long ENtry.
When 4 cross 8 from above, shows a sell signal, when 4 crosses 19 days, confirmation and short entry.

But the problems are:
1. By the time 4 crosses 19, you already missed 60-75% of the move
2. You will encounter many false signal (probably/sure more than True signal)
3. It is a high risk and low reward.( or need to leave the position open for at least 2 weeks ta catch the medium trend) Thus sucks for Intraday trading.

Was originally used by Commodity Futures traders in the late 70s and 80s
More time in the market, does not mean you trade better!
  • #685,560
  • Sep 19, 2022 11:37pm Sep 19, 2022 11:37pm
Quoting PatienceFx
12,26,9 macd is 12,26,9 EMA on chart so unless price breaks 26 EMA on chart, do not buy , try it on demo
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 11 KB
do not follow me 99.9999999% of times, rest you can lol
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