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Cable Update (GBPUSD)

  • #735,601
  • Mar 11, 2023 4:23am Mar 11, 2023 4:23am
Quoting josi
{quote} I think - at the moment - anything can happen: if you look at the last monthly and weekly candle: they tell the whole story {image} {image}
I must strongly disagree that ANY 1 or 2 bars can "tell the whole story". A large bar like that has hidden (encapsulated) so much information and presented mainly information about some extremes from the open to close price. Looking at the 4 bars that built a single monthly bar reveals FAR more about the story than that single monthly bar. But going TOO far into the details, such as viewing all of the 1-minute bars that built a monthly bar, is likely to cause distraction from the important main story line and become counter-productive.
To free Gazans of Hamas, use whatever it takes.
  • #735,602
  • Edited 5:18am Mar 11, 2023 4:26am | Edited 5:18am
Quoting josi
{quote} I think - at the moment - anything can happen: if you look at the last monthly and weekly candle: they tell the whole story {image} {image}
Ok monthly clearer but still may act bothways to some extent. Take care

Usdx top failed at resistance and some may do but good logical correction not possible as chances total failure, so may get support soon to try for the last time towards top or nearer sending eu further down towards confirmation correction 0481 (bear target corresponding usdx 105.50 and gu 1841 done before and next retest to see breaks and hold or not ) and after may to plan again for bull eu so early. Lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #735,603
  • Mar 11, 2023 4:31am Mar 11, 2023 4:31am
GU:H1
My View.
Trade Safe and with your plan.
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Intraday Trading is an Art _ hoda
  • #735,604
  • Mar 11, 2023 6:33am Mar 11, 2023 6:33am
Quoting Moty
from monday i am trading only the gu chart , the 5m and 1m chart and only what the chart says and what i think or hope it says {image} {image}
I PLAN to follow the same good advice
  • #735,605
  • Mar 11, 2023 7:29am Mar 11, 2023 7:29am
Quoting W0lfram
{quote} Selling to 1.193 now, for me {image}
+SL, TP ~1.184. Not excluding rally to ~1.216
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30 pips gain with a range 340 (futures) in 8 trading days, and on FX brokers I see Monthly candle is ~8-10 pips, looks like very weak bullish performance to me.
I found only 2 examples out of 267 with similar characteristics (0 < gain < 50 pip in 8 days):
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Both closed as bearish months.
Air force
  • #735,606
  • Mar 11, 2023 7:49am Mar 11, 2023 7:49am
Quoting trumps
{quote} Reading his post, I think he forgot to put the word “not” in there

yoy are right my friend

i came to that day with the concept that a retrace have to come

but it not a rule that it's always need to retrace

i need to trade the set up that my strategy gives me

this is all winners from the last 4 days

and even if it's 50% winners with a 1 to 1.5 risk to reward i can win here 50 pips

and that the button profit line

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yes yes yes
  • #735,607
  • Mar 11, 2023 8:56am Mar 11, 2023 8:56am
Quoting Jolita
{quote} Yeah, ok, thought so and why not. Love good glass of . In my opinion hang on, price will return, market confused atm and return back to lows.
i hope so...if not i have to hedge OR reduce positions and cut losses.

but my ammunition is not yet spent;-)

i can "survive" 500-1000 pips from the first position
trading is like dancing, don't think and just listen to the music!
  • #735,608
  • Mar 11, 2023 9:15am Mar 11, 2023 9:15am
Quoting Wavegarrick
{quote} Behind every dark cloud is a silver lining.
Yes, and nuclear clouds are dark, too.
Markets will move to the right.
  • #735,609
  • Mar 11, 2023 9:18am Mar 11, 2023 9:18am
Quoting chess king
{quote} in other words... no more cheap bank financing..let's see in the future if they can pay!
OOOHH
Silicon Valley Bank

first one.... in bankruptcy.
  • #735,610
  • Mar 11, 2023 9:19am Mar 11, 2023 9:19am
Dollar is going to crash at least 360 pips... or even more...
Buying Gu is highly recommended in this coming week...
I am seeing 1.24000 next
My telegram: https://t.me/avidforex
  • #735,611
  • Mar 11, 2023 9:23am Mar 11, 2023 9:23am
Quoting BigNumbers
Dollar is going to crash at least 360 pips... or even more... Buying Gu is highly recommended in this coming week... I am seeing 1.24000 next
Is there any way you can provide specifics?
How to succeed in zero sum game?
  • #735,612
  • Mar 11, 2023 9:28am Mar 11, 2023 9:28am
Quoting Moty
{quote} yoy are right my friend i came to that day with the concept that a retrace have to come but it not a rule that it's always need to retrace i need to trade the set up that my strategy gives me this is all winners from the last 4 days and even if it's 50% winners with a 1 to 1.5 risk to reward i can win here 50 pips and that the button profit line {image}
I don't wanna teach or anything but from what I noticed...If you could try and replace your thinking of "it has to" to "lets see what price DOES" then I believe you could cut your drawdowns by 20% minimum. If you think - the reason thinking is non existent especially in trading world and what it does is it locks your brain in one specific direction and blocks you of seeing what is happening with price in general. Every price movement is telling you a story. Try and read it.

Good luck
How to succeed in zero sum game?
  • #735,613
  • Mar 11, 2023 9:45am Mar 11, 2023 9:45am
Quoting dempire1
{quote} Is there any way you can provide specifics?

First we must learn to know where price is currently sitting at the moment.. Price is currently sitting at a monthly support that's holding..
Now we have broken out of the Refined weekly resistance... Which means we can keep going up... we went forward to refine our entry on the daily time frame...
You can see the daily bias... refined Resistance and Support..

Price should get to 1.2400 this week, which is only approximately 378 pips..

The dollar is going to crash in pairs found on key levels... for example UJ is at Monthly resistance and It is likely to crash.... USDCHF has already crashed and close to support already....
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My telegram: https://t.me/avidforex
  • #735,614
  • Mar 11, 2023 10:17am Mar 11, 2023 10:17am
Quoting davelansing
{quote} lol "market confused"....no offense, but it's amazing how folks pull things out of their ass and say stupid shit with confidence when guessing where price will move next..
but she said in the beginning "in my opinion".
Everyone can hold an opinion, and yeah this is guessing, wise guessing.
  • #735,615
  • Mar 11, 2023 10:20am Mar 11, 2023 10:20am
Quoting davelansing
{quote} lol "market confused"....no offense, but it's amazing how folks pull things out of their ass and say stupid shit with confidence when guessing where price will move next..
this website along with most people on this thread are clueless retail traders who only say stupid shit. I think i called someone out yesterday and my notifications blew up lmao, i was too fucked up n profitable to remember what happened.

To whale: Aint nuttin wise going on here you clown lmao.
Seeking Fair Value
  • #735,616
  • Mar 11, 2023 10:30am Mar 11, 2023 10:30am
From experience, If you don't have a good reward for trade it is almost impossible to be successful in forex..
As a good trader think about leverage.... I personally do not respect traders who over leverage their account.
If you can't spot a move of 70 to 100 pips then It is going to be difficult to make it here... Trust me... except you are a good scalper... and a good scalper should not risk more than 8 to 10 pips
And also It is good to define the kind of trader that you are, so you know the amount of stop loss to practice with.. (swing, intra-day or day trade)
You can't be risking 30 pips in return grabbing 25 pips and expect to be successful in this environment.. clearly you don't know what you are doing.. A lot of people would say "as long as I'm consistent.." Don't practice perfection in forex you would fail!
Just think about it for a moment.. Win today lose tomorrow.. win lose win lose...
If there is no good reward whenever you win how do you intend to recover these loses ? HOW ?

I will always stress this again and again.. If you succeed with indicator be very Thankful to God because i think it is impossible to trade with indicator...
The best trades are executed in the range and indicator get confused during range or consolidation...
If you hate looking at the range as a trader,, just wake up !
My telegram: https://t.me/avidforex
  • #735,617
  • Mar 11, 2023 10:33am Mar 11, 2023 10:33am
Quoting makingmoves
{quote}this website along with most people on this thread are clueless retail traders who only say stupid shit. I think i called someone out yesterday and my notifications blew up lmao, i was too fucked up n profitable to remember what happened. To whale: Aint nuttin wise going on here you clown lmao.
I wanna call you out. From Monday, lets rumble live trading?
How to succeed in zero sum game?
  • #735,618
  • Mar 11, 2023 10:35am Mar 11, 2023 10:35am
Quoting davelansing
{quote} Whale, no offense, but the "My opinion" part of Jolita's statement was regarding to "hold on" to the trade... my snide comment was toward the "market confused" statement; markets are not "confused" nor do markets follow some pre-defined pattern of price movement. Markets move from one liquidity point to another. That's it.
What do you mean by from one liquidity point to another? Could you show with charts?

Thanks
How to succeed in zero sum game?
  • #735,619
  • Mar 11, 2023 10:35am Mar 11, 2023 10:35am
Quoting makingmoves
{quote}this website along with most people on this thread are clueless retail traders who only say stupid shit. I think i called someone out yesterday and my notifications blew up lmao, i was too fucked up n profitable to remember what happened. To whale: Aint nuttin wise going on here you clown lmao.
....and yet here you are posting...
  • #735,620
  • Mar 11, 2023 10:41am Mar 11, 2023 10:41am
Quoting Waveskierrob
{quote} ....and yet you're here posting...🤔😁
cos I'm bored reviewing my trades ready for Monday. Congratulations you have eyes, want a medal?
Seeking Fair Value
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