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Cable Update (GBPUSD)

  • #722,321
  • Jan 20, 2023 12:37pm Jan 20, 2023 12:37pm
Quoting Robinhood1
{quote} Trading swings is easier than daytrading if you have the appropiate mindset for it. Normally, mindset is not available because MarketMakers insist on day trading where the indicators work from time to time. For swing trading it is necessary to have spent many hours of study, less than daytrading of course. Keep leverage low and no SL. And do not be in a hurry during the first months. Beware that Soros, buffet and all this gang do not day trade. I wonder if a daytrader is in top 500 traders? This is an agenda for a swing traderīs progress....
Bro... that calculation only look good in excel sheet... it's very hard to apply in real world...
800 pips every month... not possible... if market stay in range 3-5 days.. you whole calculation will messed up ....
!! Radha Radha !!
  • #722,322
  • Jan 20, 2023 12:46pm Jan 20, 2023 12:46pm
Hi colleagues I didn't take a trade today and I'm very proud. I'm waiting for the market to finish it's retracement and load more shorts when the market continue with it's downtrend. I'm motivated to sell because FED speakers are hawkish and recession is looming.
I'm enjoying the wins because I was once terrified by loses
  • #722,323
  • Jan 20, 2023 1:05pm Jan 20, 2023 1:05pm
Quoting Moty
{quote} I'm taking a break for 2-3 weeks Take care my friends
If I'm not mistaken,
many members of the forum are feeling the lack of your thorough research.
Especially me.
But 2 or 3 week very long time for us.
Be well.
Have a good time.
  • #722,324
  • Jan 20, 2023 1:06pm Jan 20, 2023 1:06pm
Quoting JereMi256
{quote} I am watching this gap/imbalance(grey) {image}
Gap filled and respected!
Attached Image (click to enlarge)
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Face 'ur fears & tame 'ur greed
  • #722,325
  • Edited Jan 21, 2023 1:39am Jan 20, 2023 1:08pm | Edited Jan 21, 2023 1:39am
Quoting pipfarm
{quote} 3 swings up forming on H1, better viewed on 15 minute , divergence on B with C making a HH confirms the correction as an expanded flat, H4 confirms the whole swing is corrective as we would be going against the prior upswing with no structure break. {image}
I think that we arrive at the same result, just with a different path.

I have no need to attempt to assign rather complex patterns to the multiple swings of a smaller TF that build a swing on a larger TF. I already had an expectation that the 1.2436 high was ending an uptrend, so the ensuing down swing would likely be the beginning of a new down trend, requiring smaller TFs to go into down trends to build it.

So I followed the down swings as they progressed upward through the TFs. When it was confirmed on H4, I looked at how H1 was building the H4 swing. When H1 and H2 swung back up essentially together, with no pullback on H2 before H4 also joined the upswing, it was now a simple matter of how this H4 swing would end--as a lower high to create a rally in the new down trend that was building, or as a new high and just another up continuation. With the H4 lower high confirmed, the subsequent down swing was treated as a down continuation.. H8 did not join in any of this down trend, so now that the H4 return down has ended at a higher low, I treat the current H4 upswing as a a return of ALL TFs from H4 and lower back to the bigger uptrend, and likely that price will go beyond the 1.2436 high, if not on this up swing, then after a pullback and return up.
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To free Gazans of Hamas, use whatever it takes.
  • #722,326
  • Jan 20, 2023 1:24pm Jan 20, 2023 1:24pm
Quoting donfriday
pending sell scalp entry 1.2375 sl 50 tp 75
add another short 1.2396 50 sl tp 75

Low risk
MY OPINION NOT FINANCIAL ADVISE
  • #722,327
  • Jan 20, 2023 1:44pm Jan 20, 2023 1:44pm
Someone with big pockets fighting against the herd mentality. Very close to break through.
  • #722,328
  • Jan 20, 2023 1:47pm Jan 20, 2023 1:47pm
Quoting elbert3
It’s just hit the 61.8 fib and possibly bounced so hedged for few pips long see what comes
as above
sorry I never put the numbers in 2337 was the 61.8 fib it bounced from as posted above we are just at 2399 . Only two trades in that as to busy today . . Hope you guys got on it
  • #722,329
  • Jan 20, 2023 1:52pm Jan 20, 2023 1:52pm
Target 2408 2467 could be a possible ext play will be on the 5 min chart
  • #722,330
  • Jan 20, 2023 1:52pm Jan 20, 2023 1:52pm
1.23
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MY OPINION NOT FINANCIAL ADVISE
  • #722,331
  • Jan 20, 2023 1:52pm Jan 20, 2023 1:52pm
Another week about to end.

Swan song?
  • #722,332
  • Jan 20, 2023 1:58pm Jan 20, 2023 1:58pm
Bearish scenario
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Lou Vincii Code
  • #722,333
  • Jan 20, 2023 2:05pm Jan 20, 2023 2:05pm
Bullish scenario
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Lou Vincii Code
  • #722,334
  • Jan 20, 2023 2:15pm Jan 20, 2023 2:15pm
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pp at 2393 addled on the top line stop on 2493 for that third trade now . And we will try to move the pp up to 2400 if it move before end of play
  • #722,335
  • Jan 20, 2023 2:36pm Jan 20, 2023 2:36pm
Safe to say that that quick peep into the 1.2400s may have just been to shake off SLs above.
Still the BEARS aren't doing the best job at fending off the BULLS.
Holding on to my SHORTS though...
  • #722,336
  • Jan 20, 2023 2:57pm Jan 20, 2023 2:57pm
A very good trade would likely come up for GBPUSD tonight... Stay Put.. I trade all pairs sorry for that.. I like trading set up not pair!.. sometimes I would trade before looking at the trade pair.
My telegram: https://t.me/avidforex
  • #722,337
  • Jan 20, 2023 3:09pm Jan 20, 2023 3:09pm
Quoting BrainBucks
Safe to say that that quick peep into the 1.2400s may have just been to shake off SLs above. Still the BEARS aren't doing the best job at fending off the BULLS. Holding on to my SHORTS though...
me too, will be happy to get to 12250 at b/e or even worse case 12270 taking a small hit
Insane in the Brain..
  • #722,338
  • Jan 20, 2023 4:54pm Jan 20, 2023 4:54pm
Quoting Bainbrito
There is no nice way to describe the character of cable - it is crazy!
Yes. I can understand you well.
  • #722,339
  • Jan 20, 2023 5:20pm Jan 20, 2023 5:20pm
Quoting RemyLou
{quote} I think a range followed by a downtrend or just a downtrend. Reason being the bulls are losing power
maybe another?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #722,340
  • Jan 20, 2023 5:56pm Jan 20, 2023 5:56pm
This looks like a trap.

Sellers ought to be at 1.24018

Let's see whether there will be a gap to the down side.

The high of the just completed week might stay intact.
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