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Cable Update (GBP/USD) without Idiots 23 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Added more shorts
I’m very busy today
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Whatever it takes…
Quoting Headland
{quote} I think there is a general 'expectation' that the pullback from mon's 2210 hi is just that and that at some point the bulls will come back in? And if expectations are assumptions, well you know what they do.
I try not to have expectations or assumptions anymore. I try to look at the evidence that the chart is giving me and make a decision based on that. Unfortunately, at all times the evidence is that price has a pretty much equal chance of going up an down at all times.

At every point, price is either at support or resistance, or taking stop losses, or allowing positions to build up in order to take those positions and reverse, or use those orders to continue driving price in it's current direction.

It's just spent 2.5 hours building orders at 1.2126, and just peaked below within 4hour support. Stop hunt or continuation? I could "wait for confirmation" as people like to say, but all that I'm doing there is using S&R on a lower timeframe. It's turtles all the way down.
Quoting noox
{quote} The best time to force price to new highs/lows is when everybody is expecting a ranging day. But they never go in a straight line so they might take out 2110/00 first to load up on sell orders.
OTOH if it can't even take out these and starts heading up over 2150/60 then it's a strong sign of bull power.
Quoting MrFanciful
{quote} I try not to have expectations or assumptions anymore. I try to look at the evidence that the chart is giving me and make a decision based on that. Unfortunately, at all times the evidence is that price has a pretty much equal chance of going up an down at all times. At every point, price is either at support or resistance, or taking stop losses, or allowing positions to build up in order to take those positions and reverse, or use those orders to continue driving price in it's current direction. It's just spent 2.5 hours building orders...
Yeh I get what you are saying....it can be frustrating, I don't look at any less than 30min for previous swing lo or hi's re potential supp/res, (and for pot sbr/rbs too re 5min/15min hidden div plays respectively.) I only look at 5/15min prev sw hi's/lo's for 1min/3min hidden div entries into a 5min/15min (preferably + [higher t/f's] as well) trend after a pullback, ie these acting as pot rbs/sbr respectively. I also need PA to agree re a trigger for entry on the smallest t/f that sets-up....if I'm unsure I'll wait for the next higher t/f close to see if it agrees. I use the close of a candle (s) as my trigger for entry.

This situation right now, price obviously went deeper into that prev 1hr/4hr sw lo zone = prev supp = pot supp (price tends to test deep in those zones though not always,) and mined a deeper vein of demand there...the 5min bullish regular div caught it.

1hr below
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Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Moty please can I borrow your hammer for a moment ?
Whatever it takes…
Welcome 36000
Quoting Pat Chiko
{quote} Thanks Moty for the signal. I copy you. Just put some hammer on your chart Thanks again.{image}
Next news US 10-y Bond Auction
This is a Medium Impact event
It's going to affect the US two-year yield and maybe help the dollar.
I come from the future.
Quoting Headland
{quote} I think there is a general 'expectation' that the pullback from mon's 2210 hi is just that and that at some point the bulls will come back in? And if expectations are assumptions, well you know what they do.
Indeed, this was my expectation too

I closed my buy for now i'll wait for NY

its all LH and LL, the evidence isnt there
Quoting Headland
{quote} I think there is a general 'expectation' that the pullback from mon's 2210 hi is just that and that at some point the bulls will come back in? And if expectations are assumptions, well you know what they do.
But that down move is H8 coming down in a pullback. So I don't expect any "significant" action from bulls until the H8 finishes coming down.
The markets are speaking to you. Do you know their language? I M T
Quoting DubaiFX
{quote} That is not Nacesarily True, you can Make 100 pips from one trade in USDMXN and USDZAR even today is good fro USDNOK and USDSEK both can go up 1000 pips easy, yesterday was 1300 pips from in USDSEK. but to trade those pairs you must have enough Experience about USDX and Their economy which most here dont even think about. i traded and still do sometimes maybe once a month, and believe it or not i am still thinking to trade a micro lot just to see if i am right and van get 5,000 pips from USDZAR and USDNOK USDSEK. GOD is always playing CHESS...
If you decide to take your micro trades for the above pairs, please share them on one of the forums, I would like to try to follow them.
page 36000!
Quoting 2046
page 36000!
and You are locked at 2046
Quoting 2046
page 36000!
That is only for people that are using the default setting for number of posts per page.
The markets are speaking to you. Do you know their language? I M T
Once we get below yesterdays low and to 1.2100, we're into h4 demand


Im still looking for an intraday buy, but lower down once NY starts

Now i'm just looking at this thinking FFS I was in a sell from the HOD why did I switch to buy
Quoting Indiara
I will still be here for another 2 or 3 hours, but my two pairs, GU and UJ both are very disorganised, so is USDX which means that a trade for me looks unlikely. Keeping my money safe until I see something with a good chance of making me some pips is the best thing for me. No hurry, no rush....fill the bucket one drop at a time
As I thought, there was nothing for me to trade in this session. Sometimes the market just doesn't want to give up any pips, and today and yesterday, that has been the case for me. Mondays trade keeps me in the positive side for the week, so I have not lost any money, and that is important to me. Tomorrow might be better, we shall see.

Good luck to you NY traders, I hope you can gather some pips. I will be back tomorrow to see what Uncle Frankie brings to the table.

Indiara
I am neither brave nor stupid...I am just a part time trader
Quoting Indigo45
{quote} and You are locked at 2046
2046 is more than a concept, it is a tragic fact. any idea?
game over !!!
i am shorting the aussie for extra lot size
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Quoting Moty
game over !!! i am shorting the aussie for extra lot size {image}
Care, should wait for the NY
Added to my longs @1.21070.

Note:This is a swing trade, will run for a while.

Guy
Quoting eyefeelsix
{quote} fifth wave is done, I reduce my risk to previous day high to save my pips {image}
Break-event zero risk and partial close maybe
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~ Read and Ride
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