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Cable Update (GBPUSD)

  • #688,521
  • Sep 27, 2022 10:24am Sep 27, 2022 10:24am
What happened to the zealousness of sellers? How can we see it red this way?
  • #688,522
  • Sep 27, 2022 10:31am Sep 27, 2022 10:31am
Quoting dantpm
{quote} Pull back to a higher time frame, range-bound!
If that is the result of a pullback to a higher TF, then it can only be the H2 pullback to the H8. Which gives an expectation for "normal" cycling that the rally after this down swing won't close above 1.084, then there will be a down continuation likely to reach at least 1.063. Of course, these expectations are based on the current information. Failures of smaller TFs to follow through as the move progresses will require an appropriate adjustment of expectations.
To free Gazans of Hamas, use whatever it takes.
  • #688,523
  • Sep 27, 2022 10:31am Sep 27, 2022 10:31am
Quoting Pat Chiko
{quote} Nice entry to DJIA. Congrat for sniper entry. I wish you could share us those entry made three hours ago and we all can follow your trade. Trade Well
right worth a share, since GU is frozen i switch to indices often much neat price delivery than currencies.
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"Exchange of hands"
  • #688,524
  • Sep 27, 2022 10:32am Sep 27, 2022 10:32am
I'm not trading at the moment, the compression of both the short term MMA ribbon (blue) and long term (red) infer a fair price zone.
Until there is a clear direction we could see volatility to either side - time to sit out.
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  • #688,525
  • Sep 27, 2022 10:34am Sep 27, 2022 10:34am
Quoting Chris_35
Sorry about that last little recovery. It seems I stopped it dead in its tracks as soon as I entered a long to scalp.
I dont know how in a duration of time just how many trades I can make that as soon as I hit the button it stops dead and does an about turn. I know I am mentioning it a bit but the odds of it happening are uncanny.
  • #688,526
  • Sep 27, 2022 10:39am Sep 27, 2022 10:39am
Gbpusd short tp 1.07
  • #688,527
  • Sep 27, 2022 10:39am Sep 27, 2022 10:39am
Quoting Pat Chiko
{quote} GU Hope can see the surface again. Had been submerging for hours. Need oxygen. {image}
Don't breathe deeply yet. I see that up move as a mere rally within a down trend, said down trend a pullback to a larger TF up swing. So I expect it will be some hours before the pullback completes and the up continuation kicks in, if it even does--always a possibility for failure, especially when price behavior becomes more erratic as it has recently.

When a big TF changes direction, EVERY TF below it will be making retracements, which must propagate upward through the TFs. The larger the TF that changed direction, the more TFs that must be worked through, and the more opportunities for FAILURES along the way that delay the upward progression.
To free Gazans of Hamas, use whatever it takes.
  • #688,528
  • Sep 27, 2022 10:41am Sep 27, 2022 10:41am
Quoting Fardeen1209
{quote} This sounds fascinating. Does it worked when a market make a ATH or ATL?
I don't recognize what ATH/ATL stand for.
To free Gazans of Hamas, use whatever it takes.
  • #688,529
  • Sep 27, 2022 10:43am Sep 27, 2022 10:43am
Quoting DrDave
{quote} I don't recognize what ATH/ATL stand for.
All time high/low
More time in the market, does not mean you trade better!
  • #688,530
  • Sep 27, 2022 10:44am Sep 27, 2022 10:44am
Quoting tenkanzen
What happened to the zealousness of sellers? How can we see it red this way?
1. Profit taking took some red out.
2. Big boyz repositioning to higher price levels more favorable to achieving their lower red targets.
3. Retailers seeing an apparent trend change jump on the BUY bandwagon.
To free Gazans of Hamas, use whatever it takes.
  • #688,531
  • Sep 27, 2022 10:45am Sep 27, 2022 10:45am
Quoting Bainbrito
I'm not trading at the moment, the compression of both the short term MMA ribbon (blue) and long term (red) infer a fair price zone. Until there is a clear direction we could see volatility to either side - time to sit out.{image}
If it's not too much trouble, would you post that again using the M5 TF?
To free Gazans of Hamas, use whatever it takes.
  • #688,532
  • Sep 27, 2022 10:46am Sep 27, 2022 10:46am
Gbpusd trend remains down
  • #688,533
  • Sep 27, 2022 10:47am Sep 27, 2022 10:47am
Quoting Chris_35
{quote} I dont know how in a duration of time just how many trades I can make that as soon as I hit the button it stops dead and does an about turn. I know I am mentioning it a bit but the odds of it happening are uncanny.
So what happens if you place an opposite trade as soon as the price turns against the first entry?
To free Gazans of Hamas, use whatever it takes.
  • #688,534
  • Sep 27, 2022 10:50am Sep 27, 2022 10:50am
Quoting Waveskierrob
There seems to be a lot of "after the fact" profit posts recently, I myself have been guilty of this last week . If you are after recognition of your trading ability a good idea would be to post when open a trade, update from time to time and post when closed , we can all post "yea I made a billion pips " but it has no value and you will start to lose respect of fellow traders, if I'm wrong tell me to shut fuck up, I'm a big boy now and can handle it... {image}
That's to maintain macho status of one........ Wanna be

The fact that they have to wait and see until their trades are in favorable condition or profit and will not see a termination point
doesn't add value....
Because they state the fact after the fact happened already.... one only add value if they can forecast/predict what level is coming next,
better still show the live entry as it is.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #688,535
  • Sep 27, 2022 10:52am Sep 27, 2022 10:52am
Quoting Fardeen1209
{quote} All time high/low
Yes, it makes no difference that it is an ATx. In that case, there are three choices:
1. Stay on the sidelines for a while.
2. Jump in and hope&pray that there is still more travel left. (OK, the wise folks will not use hope&pray but actually have an action plan in the event price reverses from there.)
3. Go to M1 and wait for a retracement.
To free Gazans of Hamas, use whatever it takes.
  • #688,536
  • Sep 27, 2022 10:53am Sep 27, 2022 10:53am
Quoting Houtbay
Gbpusd trend remains down
Please, provide TF reference that you are using, because M5 is in an up trend.
To free Gazans of Hamas, use whatever it takes.
  • #688,537
  • Sep 27, 2022 10:56am Sep 27, 2022 10:56am
Quoting Pat Chiko
{quote} That's to maintain macho status of one........ Wanna be The fact that they have to wait and see until their trades are in favorable condition or profit and will not see a termination point doesn't add value.... Because they state the fact after the fact happened already.... one only add value if they can forecast/predict what level is coming next, better still show the live entry as it is.
Posting a Trade Explorer will eliminate any need for anyone to post entries or after-the-fact results, because the trades will be right there on the TE with the small amount of updating lag.
To free Gazans of Hamas, use whatever it takes.
  • #688,538
  • Sep 27, 2022 10:58am Sep 27, 2022 10:58am
Quoting Pat Chiko
{quote} DJIA Long {image}
Not a good day for equities. A rally should come, but I'm not sure when. Perhaps the Americans will start pumping the index after their lunch.
  • #688,539
  • Sep 27, 2022 11:01am Sep 27, 2022 11:01am
Quoting DrDave
{quote} 1. Profit taking took some red out. 2. Big boyz repositioning to higher price levels more favorable to achieving their lower red targets. 3. Retailers seeing an apparent trend change jump on the BUY bandwagon.
Rhetoric question actually.

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Took the first wave. Four hundred bucks in the pocket. Ka-chingggg!
  • #688,540
  • Sep 27, 2022 11:05am Sep 27, 2022 11:05am
Quoting Pat Chiko
{quote} GU Hope can see the surface again. Had been submerging for hours. Need oxygen. {image}
No worries bro, it will either SL or TP or BE.
Sit back and relax, its time for a
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More time in the market, does not mean you trade better!
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