Cable Update (GBPUSD)

Quoting pipfarm

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Been studying this FVG concept and it is nothing new. When price trends up or down just as an example each swing leaves gaps between the peaks and troughs and in order for the MMs to balance their books or the market if you like, the areas or gaps created between the peaks and troughs need to be revisited or filled . You can see this on GU and EU H1 the gap left behind by the last upswing was revisited to keep the market balanced. Useful but it is a steal from the original concept of T/A stolen and rebranded by the gurus. If you study the market...

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Quoting kenny4real

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{quote}

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Quoting pipfarm

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Been studying this FVG concept and it is nothing new. When price trends up or down just as an example each swing leaves gaps between the peaks and troughs and in order for the MMs to balance their books or the market if you like, the areas or gaps created between the peaks and troughs need to be revisited or filled . You can see this on GU and EU H1 the gap left behind by the last upswing was revisited to keep the market balanced. Useful but it is a steal from the original concept of T/A stolen and rebranded by the gurus. If you study the market...

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Quoting pipfarm

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Been studying this FVG concept and it is nothing new. When price trends up or down just as an example each swing leaves gaps between the peaks and troughs and in order for the MMs to balance their books or the market if you like, the areas or gaps created between the peaks and troughs need to be revisited or filled . You can see this on GU and EU H1 the gap left behind by the last upswing was revisited to keep the market balanced. Useful but it is a steal from the original concept of T/A stolen and rebranded by the gurus. If you study the market...

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Quoting Pat Chiko

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{quote} GU Copy trades The N3 {image} Edit : forgotton chart.

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Quoting hans91

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{quote} you're amazing leon..nice profits.. btw, i see that GU has formed AB=CD bearish pattern at weekly TF, would you consider open short at this moment or wait till 1.33xxx yearly resistance?

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Quoting Fardeen1209

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{quote} Not all instrument i see come to rebalance price or the market, i.e filled fair value gap. A concept to be used in fx and gold/indices, security like bond dont even care about demand/supply zone, fvg. I think may be, because of lack of retail traders operating in that market.

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Quoting Moty

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from london open there were : 8 winning trades with 10 pips profit 2 be trades with be or small profit 1 lossing 4 pips trade so instead being with 80 pips profit am i in as loss ? {image}

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Quoting pipfarm

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During a pullback two FVGs can be taken

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Quoting Wavegarrick

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{quote} Thanks Hans, You are raising a very good question and time to put the thinking caps on. 1.30000 is a very important quarterly level and we have reached this in the first two weeks of the 3rd quarter. I am getting to a point where I could look for a retrace of at least 250 pips so could look to enter shorts based on my system for target of 1.2750. The quarter has time, 2 months and 2 weeks or so and we could very well see a correction down wards. Having said trendy conditions are not easy to break so I will look for daily lower lows and weekly...

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Quoting hayseed

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{quote} //---- the difficulty in fvg's is there is not clear agreed on definition..... so you must come to your on definition...... can't recall the name of the site which pushes the concept so hard, but even they contradict their own definition..... and you bring up another difficult aspect...... how far back is considered valid.....h //---- {image} //----- {image}

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