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Cable Update (GBPUSD)

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  • Post #721,841
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  • Jan 19, 2023 2:30am Jan 19, 2023 2:30am
  •  elbert3
  • Joined Dec 2013 | Status: Member | 19,432 Posts
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Just hit third tp as I was posting . The above post trendline break out came back to the tl .. 1. Do we start trading 5 min rule long ….2 do we wait and see if it’s false
 
1
  • Post #721,842
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  • Jan 19, 2023 2:33am Jan 19, 2023 2:33am
  •  elbert3
  • Joined Dec 2013 | Status: Member | 19,432 Posts
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15 min chart. See a little dt and a little range and it broke out short . So we note this for our 5 min chart
 
 
  • Post #721,843
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  • Jan 19, 2023 2:40am Jan 19, 2023 2:40am
  •  sharingan9
  • Joined Mar 2015 | Status: Member | 1,099 Posts
Quoting sharingan9
Disliked
{quote}I wouldnt long because of the resistance and bearish signs and I wouldn't short because of the bullish trend. So i sit GU out and trade a GBP cross like long GBPNZD
Ignored

Up we go in the direction of value on GBPNZD. Same set up every time. Funny how value works

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  • Post #721,844
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  • Jan 19, 2023 2:42am Jan 19, 2023 2:42am
  •  cchin
  • Joined Aug 2022 | Status: Member | 271 Posts
That cut things in half thing was rather amusing. Not good.

Let's talk on actual food like pastries. I found cutting a cake, off-axis, diagonally, tastes better than any ordinary cut. Went to a patisserie the other day, demanded just that for my des rois, on my ski breakfast.

Language. Ought to be misunderstood, then blame others for misinterpreting it. That sound awful...

When I first went to England, I asked what the time was. A dude look at his watch, and said, "half past". I was like, "half past.... WHATTT??"

Now, don't know when this trend started. Lately, when my friends went for an annual, routine medical check, they'll just say, "I'm going for my full-body MOT". Really? What has car got to do with hooman body? Probably lost in translation.

---

It's Thursday, folks. I'll probably just sit down and watch you guys trade. Now, we know the pros don't trade on Mondays. Fridays too, they refrained from making new trades, only exits, safeguarding their capital. Let's make Thursday, trade-free day.

Probably, not a good idea to trade on Tuesdays, since not many data release on those days. That leaves us Wed. That was the day, all hell breaks loose, like yesterday.
 
3
  • Post #721,845
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  • Edited 3:05am Jan 19, 2023 2:51am | Edited 3:05am
  •  dantpm
  • Joined Aug 2022 | Status: Member | 3,495 Posts
I have been trying to digest some of the videos and information from Teek and the ICT. It makes a lot of sense! I still believe there is a huge role for Pat's liquidity sense in this with respect to identifying targets of potential order blocks. There has to be a better way to identify the trends and directions so that you can follow them (enter and exit). Waveskierrob's hedging strategy can also play a big role. Still looking. Still believe that an AI is going to be the best solution for figuring out how to 'find opportunities' in the logic of another AI!
 
2
  • Post #721,846
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  • Jan 19, 2023 2:52am Jan 19, 2023 2:52am
  •  tradexyz
  • Joined Nov 2022 | Status: Member | 1,637 Posts
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still no close below 38.2 4hr dp resistance good Knight
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Relax, focus and trade what you see. Copyright
 
 
  • Post #721,847
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  • Jan 19, 2023 2:59am Jan 19, 2023 2:59am
  •  Guy1969
  • Joined Jul 2021 | Status: Member | 286 Posts
Quoting cchin
Disliked
That cut things in half thing was rather amusing. Not good. Let's talk on actual food like pastries. I found cutting a cake, off-axis, diagonally, tastes better than any ordinary cut. Went to a patisserie the other day, demanded just that for my des rois, on my ski breakfast. Language. Ought to be misunderstood, then blame others for misinterpreting it. That sound awful... When I first went to England, I asked what the time was. A dude look at his watch, and said, "half past". I was like, "half past.... WHATTT??" Now, don't know when this trend...
Ignored
There's also a UK weather running joke, I remember summer, it was on a Wednesday . There's just something about Wednesdays...
 
1
  • Post #721,848
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  • Jan 19, 2023 3:00am Jan 19, 2023 3:00am
  •  Indigo45
  • Joined Nov 2022 | Status: Slow & Steady | 334 Posts
Quoting Moty
Disliked
{image} {image}
Ignored
Here goes Moty... Moty is Energy drink in this thread.

Keep Smiling Bro
 
3
  • Post #721,849
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  • Jan 19, 2023 3:09am Jan 19, 2023 3:09am
  •  Guy1969
  • Joined Jul 2021 | Status: Member | 286 Posts
GU, on the hourly, price doing the sideways shuffle.
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  • Post #721,850
  • Quote
  • Jan 19, 2023 3:20am Jan 19, 2023 3:20am
  •  Pat Chiko
  • Joined Dec 2008 | Status: Newbie as always | 13,958 Posts
Quoting Pat Chiko
Disliked
{quote} Always looking forward for your hint..... Thanks Bro for the head ups. Add position on Frankfurt........ BTW, do you have any refund policy somewhere Guy ?{image}
Ignored
GU

There's always risk trading into Frankfurt as it will do its "Head Fake" to catch FOMO traders.

Here's my though process on taking this Franks Scalping trades.
Chart speak better.
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I come from the future.
 
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  • Post #721,851
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  • Jan 19, 2023 3:21am Jan 19, 2023 3:21am
  •  Houtbay
  • Joined Nov 2020 | Status: Member | 4,294 Posts
1917 short gold
 
 
  • Post #721,852
  • Quote
  • Jan 19, 2023 3:21am Jan 19, 2023 3:21am
  •  Guy1969
  • Joined Jul 2021 | Status: Member | 286 Posts
Hi Pipcenturion,

This is actually the perfect time to visually show what I explained earlier regarding currency correlation. Correlation is close to 0.93+ hence why we have sideways right now. For a pair to move, you want negative correlation, for a pair to rally, you want high negative correlation for a sustained period of time.

Hope this helps.

Guy
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  • Post #721,853
  • Quote
  • Jan 19, 2023 3:23am Jan 19, 2023 3:23am
  •  Pat Chiko
  • Joined Dec 2008 | Status: Newbie as always | 13,958 Posts
Quoting dantpm
Disliked
I have been trying to digest some of the videos and information from Teek and the ICT. It makes a lot of sense! I still believe there is a huge role for Pat's liquidity sense in this with respect to identifying targets of potential order blocks. There has to be a better way to identify the trends and directions so that you can follow them (enter and exit). Waveskierrob's hedging strategy can also play a big role. Still looking. Still believe that an AI is going to be the best solution for figuring out how to 'find opportunities' in the logic of...
Ignored
Hi Dantpm,

I'm a visual person.
This may represent 100 words essay....
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I come from the future.
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13
  • Post #721,854
  • Quote
  • Jan 19, 2023 3:25am Jan 19, 2023 3:25am
  •  pipcenturion
  • Joined May 2013 | Status: Member | 1,614 Posts
Quoting Pat Chiko
Disliked
{quote} GU There's always risk trading into Frankfurt as it will do its "Head Fake" to catch FOMO traders. Here's my though process on taking this Franks Scalping trades. Chart speak better.{image}
Ignored
PAT, I still expect a sell until1.2291 at least.

A 5 minute close below 1.2328 is the confirmation for sellers.

All the best sir!
 
2
  • Post #721,855
  • Quote
  • Jan 19, 2023 3:27am Jan 19, 2023 3:27am
  •  dantpm
  • Joined Aug 2022 | Status: Member | 3,495 Posts
Quoting Pat Chiko
Disliked
{quote} Hi Dantpm, I'm a visual person. This may represent 100 words essay....{image}
Ignored
That is exactly what Teek, ICT and others are describing!
1
1
  • Post #721,856
  • Quote
  • Jan 19, 2023 3:28am Jan 19, 2023 3:28am
  •  Pat Chiko
  • Joined Dec 2008 | Status: Newbie as always | 13,958 Posts
Quoting Pat Chiko
Disliked
{quote} GU There's always risk trading into Frankfurt as it will do its "Head Fake" to catch FOMO traders. Here's my though process on taking this Franks Scalping trades. Chart speak better.{image}
Ignored
Once trades turn positive significantly , closed WEAK position and adjust SL.
Protect capital, and getting some money to buy lunch.

Visual is always better.
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I come from the future.
 
8
  • Post #721,857
  • Quote
  • Jan 19, 2023 3:33am Jan 19, 2023 3:33am
  •  Pat Chiko
  • Joined Dec 2008 | Status: Newbie as always | 13,958 Posts
Quoting Pat Chiko
Disliked
{quote} Once trades turn positive significantly , closed WEAK position and adjust SL. Protect capital, and getting some money to buy lunch. Visual is always better.{image}
Ignored
GU

Partial TP by closing WEAK position.
(tiny profit to buy lunch)
Moved SL a bit.

Visually.
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I come from the future.
 
8
  • Post #721,858
  • Quote
  • Jan 19, 2023 3:40am Jan 19, 2023 3:40am
  •  jasmccarty59
  • | Joined Jan 2023 | Status: Junior Member | 7 Posts
Someone ask about gold just now.
Here's my thought, from the eye of another naked chart trader.

In Major, Momentum are still belong to team Bull, but team Bear are lurking to dominate the market if the US Index correlation is relevant.
⇒ USD remain weak, BULL win
⇒ USD respect the coming strong support, BEAR will dominate next

TG: 500ish pips more bull move, still no clear confirmation of reversal
Still, its market. No one can predict it. Move as it will, wish I can tell it to move to the left....
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  • Post #721,859
  • Quote
  • Jan 19, 2023 3:49am Jan 19, 2023 3:49am
  •  Guy1969
  • Joined Jul 2021 | Status: Member | 286 Posts
I like the bullish candle build-up I see on the M30 chart.
 
1
  • Post #721,860
  • Quote
  • Jan 19, 2023 3:55am Jan 19, 2023 3:55am
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 7,677 Posts
A lot of dithering again from 12350 area and 12320. Maybe today is a breather day after all the moves we’ve seen this weak. MM are replenishing their Prozac pills
 
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