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Cable Update (GBPUSD)

  • #688,141
  • Sep 26, 2022 11:49am Sep 26, 2022 11:49am
Quoting Pat Chiko
{quote} I'm not a smart newbie. I donno WHY you want to go LONG ? Can you share with me your thought process on the LONG set up ? Thank you {image}
How will you decide which GAP, a new gap in another 10M ? just for my understanding.
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"Exchange of hands"
  • #688,142
  • Sep 26, 2022 11:51am Sep 26, 2022 11:51am
Quoting Pat Chiko
{quote} I'm not a smart newbie. I donno WHY you want to go LONG ? Can you share with me your thought process on the LONG set up ? Thank you {image}
Well Said I believe this is just the continuation of the downtrend (reason why we've seen that spike on the Asian session to pick the stop losses before heading south to Miami ) Good Luck Everyone and Green Pips to all
  • #688,143
  • Sep 26, 2022 11:52am Sep 26, 2022 11:52am
Quoting Pat Chiko
{quote} I'm not a smart newbie. I donno WHY you want to go LONG ? Can you share with me your thought process on the LONG set up ? Thank you {image}

On my chart we are sitting at the daily s1. Price has stopped falling right around this area and it has crossed back above the hourly open.

I'm really aiming to go long when price crosses above the 8hr open at 1.0880 but I figure why not make another trade down here also and ride it up.

But as always... I could be wrong
  • #688,144
  • Sep 26, 2022 11:52am Sep 26, 2022 11:52am
Quoting bilal1947
{quote} How will you decide which GAP, a new gap in another 10M ? just for my understanding. {image}
Based on S&R.
You've marked empty area with no S&R @ H1
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #688,145
  • Sep 26, 2022 11:55am Sep 26, 2022 11:55am
Quoting Pat Chiko
{quote} Based on S&R. You've marked empty area with no S&R @ H1
How about now, please correct me
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"Exchange of hands"
  • #688,146
  • Sep 26, 2022 11:59am Sep 26, 2022 11:59am
Quoting bilal1947
{quote} How about now, please correct me {image}
Using Support & Resistance is the most primitive tools and method in trading.
You are making it more complicated, than what S&R are.

There a lot of Youtube video on S&R, maybe you can get some idea there.
There nothing to correct, please refer to my previous posting to get some idea.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #688,147
  • Sep 26, 2022 12:06pm Sep 26, 2022 12:06pm
Quoting bestchao14
{quote} On my chart we are sitting at the daily s1. Price has stopped falling right around this area and it has crossed back above the hourly open. I'm really aiming to go long when price crosses above the 8hr open at 1.0880 but I figure why not make another trade down here also and ride it up. But as always... I could be wrong
Thanks Best Chao for sharing your thought process in taking those trades.

Best Wishes
PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #688,148
  • Edited 12:32pm Sep 26, 2022 12:08pm | Edited 12:32pm
Quoting Pat Chiko
{quote} Using Support & Resistance is the most primitive tools and method in trading. You are making it more complicated, than what S&R are. There a lot of Youtube video on S&R, maybe you can get some idea there.
Tough call its identical but your S&R concept says it is different, can you mark on the chart, Youtube guys dont respond back i tried learning there but no luck

Why its not valid Gap? which gaps are valid ones.
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"Exchange of hands"
  • #688,149
  • Sep 26, 2022 12:08pm Sep 26, 2022 12:08pm
Quoting Pat Chiko
{quote} Hey Wizard.......... Do you want to go LONG on GU. Please inform me, as I'm out of all trades now. And waititng for signal. Update me in case you snipe N3, Thanks PAT {image}
Friend, I am waiting for it to give me a retracement so that I short it again. Asian session will be a fruitful one again (only for experienced traders)
WARNING: This post warps space and time in its vicinity.
  • #688,150
  • Sep 26, 2022 12:11pm Sep 26, 2022 12:11pm
Quoting bilal1947
{quote} Tough call its identical but your S&R concept says it is different can you mark on the chart, Youtube guys dont respond back i tried learning there but no luck {image}
Go on a 4hr chart, you will see the lower wick didnt touched the prior upper wick candles. It will be a valid gap.
So there is no reason to buy rn Technically and fundamental. Even 4hr candle stick momentum will go below to fill up the gap.
More time in the market, does not mean you trade better!
  • #688,151
  • Sep 26, 2022 12:11pm Sep 26, 2022 12:11pm
Quoting WizardTrade
{quote} Friend, I am waiting for it to give me a retracement so that I short it again. Asian session will be a fruitful one again (only for experienced traders)
Thank you Wizard.
No trade as for now.

We come back tomorrow for another round of fun trading
Just wish GU is volatile as much as today, everyday.
It's just awesone to scalp.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #688,152
  • Sep 26, 2022 12:12pm Sep 26, 2022 12:12pm
Quoting Pat Chiko
{quote} Thank you Wizard. No trade as for now. We come back tomorrow for another round of fun trading Just wish GU is volatile as much as today, everyday. It's just awesone to scalp.
I am also avoiding it at the moment. Going short tomorrow if it gives me opportunity. This one is literally tamed
WARNING: This post warps space and time in its vicinity.
  • #688,153
  • Sep 26, 2022 12:15pm Sep 26, 2022 12:15pm
Quoting Fardeen1209
{quote} Go on a 4hr chart, you will see the lower wick didnt touched the prior upper wick candles. It will be a valid gap.
we not changing Time frames, It's H1 Chart Gap on both sides, in discussion.
"Exchange of hands"
  • #688,154
  • Sep 26, 2022 12:16pm Sep 26, 2022 12:16pm
Quoting Myismael
{quote} Well Said I believe this is just the continuation of the downtrend (reason why we've seen that spike on the Asian session to pick the stop losses before heading south to Miami ) Good Luck Everyone and Green Pips to all
Yeah Florida.......

Here we come to visit Trump tomorrow...
Hope the plane don't overshoot to Cuba.........(no cigar)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #688,155
  • Sep 26, 2022 12:22pm Sep 26, 2022 12:22pm
Quoting bilal1947
{quote} we not changing Time frames, It's H1 Chart Gap on both sides, in discussion.
Its a free world you can use whatever timeframe you want but sometimes it is a lot easier to identify these zones on higher timeframe especially 4hr and daily than on 1hr or 30mins! Noise are eliminated, you can see clearer.
More time in the market, does not mean you trade better!
  • #688,156
  • Sep 26, 2022 12:24pm Sep 26, 2022 12:24pm
Quoting Fardeen1209
{quote} Its a free world you can use whatever timeframe you want but sometimes it is a lot easier to identify these zones on higher timeframe especially 4hr and daily than on 1hr or 30mins! Noise are eliminated, you can see clearer.
Dont assume when learning from the learned ones (from PAT here) and be slow so i am. it is an opportunity to be on FF to learn, and ask questions.
"Exchange of hands"
  • #688,157
  • Sep 26, 2022 12:33pm Sep 26, 2022 12:33pm
Quoting WizardTrade
{quote} I am also avoiding it at the moment. Going short tomorrow if it gives me opportunity. This one is literally tamed
Hi Wizard,
What spread did it go up to last night? When were we burning the midnight oil.
Don't trade what you think. Just what you see!!!
  • #688,158
  • Sep 26, 2022 12:37pm Sep 26, 2022 12:37pm
Quoting Theoak
{quote} Hi Wizard, What spread did it go up to last night? When were we burning the midnight oil.
Min = 0 points / 0 pips
Max = 1400 Points / 140 Pips

Kept on oscillating between these min max values for half an hour
WARNING: This post warps space and time in its vicinity.
  • #688,159
  • Sep 26, 2022 12:42pm Sep 26, 2022 12:42pm
Quoting WizardTrade
{quote} Min = 0 points / 0 pips Max = 1400 Points / 140 Pips Kept on oscillating between these min max values for half an hour
Cheers bud... I was in that much shock I did not even look. Just nice to know.
Don't trade what you think. Just what you see!!!
  • #688,160
  • Sep 26, 2022 12:44pm Sep 26, 2022 12:44pm
Quoting Theoak
{quote} Cheers bud... I was in that much shock I did not even look. Just nice to know.
I took out my trades and kept watching it for half an hour and then entered two more trades within that time and got profits. It was really a black swan event. Majority of the accounts blown in the retail world.
WARNING: This post warps space and time in its vicinity.
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