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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)

The green level below is a daily support level that was suppose to turn resistance but look at the reaction of price on it. It bounced.
The red level is H4 resistance that is suppose to Turn support, now there is break out on it and it is almost acting as support now. You can only sell if price fails to make it a support and close below it.

Also, a bullish trend line is active on the 4H.

Conclusion: We still bullish in the main time.
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Whatever it takes…
Quoting BigNumbers
The green level below is a daily support level that was suppose to turn resistance but look at the reaction of price on it. It bounced. The red level is H4 resistance that is support to Turn support, now there is break out on it and it is almost acting as support now. You can only sell if price fails to make it a support and close below it. Also, a bullish trend line is active on the 4H. Conclusion: We still bullish in the main time. {image}
I'll tell you one thing, you have the wrong approach about support and resistance, this is how the market confuses people
Grrrr come on already break 12290 rather than bouncing off it to the 12270 areas !
Quoting ScalaFX
{quote} All posiotions protected, shity closed, waiting for more
2210and 2220 positions last, rest taken for partial profit, good monday so far, wating for higher levels to close and searching for short, otherwise SL will be hit
People don't plan to lose. They lose because they don't plan.
HHighs HLows
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Relax, focus and trade what you see. Copyright
Quoting greenpips4
shorts added at 22900 targeting 25pips from there but i see a very strong push happening downside.. regards
booked +20
waiting to short again near 2090
Quoting Gonzzo
{quote}I'll tell you one thing, you have the wrong approach about support and resistance, this is how the market confuses people
Ok.. So.. what's your approach, or are you only into pointing out when you think folks are wrong?
When you feel like you HAVE to trade is when you least should!
One thing that has really helped me to grow as a trader was to understand that “Forex was here before me” and any attempt trying to take more than its willing to give is very disrespectful.

Hey stick to 20 -50 pips daily depending on what you backtested with and look forward to each day! Don’t ever think you’re losing out because the market is suddenly falling after you have taken your “Daily dose of the market”

It is important to study the daily pips movement for the pairs you’re trading.
Take for example, for a pair which naturally moves 96 pips daily, moved 71 pips during the Asian session. it is going to be difficult to trade that pair successfully during the London and New York session because for such a distributive phase we expect to see accumulative phase of the market.

Just go and study daily range and average daily pips movement for the pair you are trading and also market phase. Last year GBPUSD moves 127 pips daily.

Note: Although there are some case in which the price will move more than the regulated daily pip movement but it is very rare.
Whatever it takes…
If you traded trend line break and retest today, you should be in profit...

+2.7% $555.00

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Quoting Gonzzo
{quote}I'll tell you one thing, you have the wrong approach about support and resistance, this is how the market confuses people

Let me tell you a secret you will never get from anywhere.
“If you go with the public you lose with the public”

Even after you are told that less than 5% of traders are successful you’re still talking of a general approach.

Wake up.
Whatever it takes…
Quoting BigNumbers
One thing that has really helped me to grow as a trader was to understand that “Forex was here before me” and any attempt trying to take more than its willing to give is very disrespectful. Hey stick to 20 -50 pips daily depending on what you backtested with and look forward to each day! Don’t ever think you’re losing out because the market is suddenly falling after you have taken your “Daily dose of the market” It is important to study the daily pips movement for the pairs you’re trading. Take for example, for a pair which naturally moves 96 pips...
Very right...this is the idea that I found after struggle of months and I trade Daily Range verses Average Daily Range. When there are News like interest rate, US CPI, NFP. Price could move beyond. But in 15 days of the month price remains in Avg Daily Range.
When ADR is met, I look for price action on H1 near Support or Resistance. This gives usually 38% - 50% of the daily move.
Cheers
Quoting gonzzo
{quote}i'll tell you one thing, you have the wrong approach about support and resistance, this is how the market confuses people
you still didnt say anything
PLAN YOUR RISK & REWARD BEFORE INVEST
Quoting BigNumbers
{quote} Let me tell you a secret you will never get from anywhere. “If you go with the public you lose with the public” Even after you are told that less than 5% of traders are successful you’re still talking of a general approach. Wake up.

What strategy do you trade?
Quoting BigNumbers
{quote} Let me tell you a secret you will never get from anywhere. “If you go with the public you lose with the public” Even after you are told that less than 5% of traders are successful you’re still talking of a general approach. Wake up.
people who do not want to learn, not when not to learn the market loves hardworking people
Quoting dempire1
{quote} What strategy do you trade?
judging by his resistance)))) I doubt that he is successful
Quoting BigNumbers
{quote} Let me tell you a secret you will never get from anywhere. “If you go with the public you lose with the public” Even after you are told that less than 5% of traders are successful you’re still talking of a general approach. Wake up.
Let me tell you a secret you will never get from anywhere, you will never know the public sentiment because it change every unknown time frame.
Inglorious scalper
Quoting BigNumbers
{quote} Let me tell you a secret you will never get from anywhere. “If you go with the public you lose with the public” Even after you are told that less than 5% of traders are successful you’re still talking of a general approach. Wake up.
if you earn, show a report, and not only in language, especially since you are from Wall Street (here is my report)
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Quoting Gonzzo
{quote}judging by his resistance)))) I doubt that he is successful
do not underestimate traders here because you think different.
Inglorious scalper
Quoting Whale
{quote} Let me tell you a secret you will never get from anywhere, you will never know the public sentiment because it change every unknown time frame.
There is one other detail, the public sentiment is rather irrelevant. Price is influenced by orders of the institutions and central banks and controlled by the AIs' actual trading.
Quoting BigNumbers
{quote} Let me tell you a secret you will never get from anywhere. “If you go with the public you lose with the public” Even after you are told that less than 5% of traders are successful you’re still talking of a general approach. Wake up.
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