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Cable Update (GBPUSD)

  • #773,081
  • Sep 6, 2023 12:59pm Sep 6, 2023 12:59pm
Quoting T721
forexn00b81 can we make zoom 15mins later, gotta go out ---- lets start in 53mins (7.45pm uk)
sure just post the link thanks
  • #773,082
  • Edited 1:26pm Sep 6, 2023 1:01pm | Edited 1:26pm
Another clue here, and im not sure how it calculates or how it figured it out, but look at the adr hi lo locations today, thats one of the coolest indicators ive found along with the vwap.... It almost looks like the adr was predicting the move to the downside just noticed this..

Was the same on sp and dow, adr hi barely above daily open (dotted line), and adr lo well below, similar on nasdaq with a little more upward range to adr hi, which we expect... another cool thing to notice, sp and dow both tagged adr hi exactly.... how it does this i dont know but its a significant enough price calc to keep on the chart along with the vwap
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  • #773,083
  • Sep 6, 2023 1:03pm Sep 6, 2023 1:03pm
Quoting T721
{quote} You will get info overload tonight pal.. make sure to record the session as there is a lot to cover. Then all you need to do is watch the recording 20, 30, 40, 50 times and practice on every pair going back 2-3yrs on daily tf --- SIMPLES
if its good share it … always eager to learn
Extreme gut feeling trader
  • #773,084
  • Sep 6, 2023 1:09pm Sep 6, 2023 1:09pm
Quoting montygoldy
{quote} if its good share it … always eager to learn
send me dm and i will send you link soon as i get back
  • #773,085
  • Sep 6, 2023 1:11pm Sep 6, 2023 1:11pm
Will hold on to the long overnight it’s only £1 a pip, so no biggie will keep an SL at 12470 (from a mental note perspective)
Insane in the Brain..
  • #773,086
  • Sep 6, 2023 1:15pm Sep 6, 2023 1:15pm
Quoting eyefeelsix
{quote} Measurement for low risk ( 0.09% ) high return ( 12.28% ) {image}

today mytarget was not reached directly, ssoO.. I decided to release tp for deeper impulse wave, $3k in my pocket save with trailing stop


my job is done for cable GBPUSD, Have Fun!

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https://breakpullback.com
  • #773,087
  • Sep 6, 2023 1:19pm Sep 6, 2023 1:19pm
Quoting pipfarm
{quote} I never mentioned anything about trend trading , i was talking about buying the dips and selling the rallies within a swing which is not trend trading , it is merely a directional bias. Swing traders try to capture the whole swing whereas buy the dips sell the rallies captures a smaller proportion of the directionally biassed swing.
Call it whatever you want, but buying dips/selling rallies is capturing a swing. If you mark the high and low of that captured swing that is a portion of the directionally biased larger swing, and then check smaller TFs, you see EXACTLY the same description: small TF corrections are used to capture a smaller portion of that single directionally biased swing of the larger TF.

And capturing a swing is. . . (wait for it)
SWING TRADING!
To free Gazans of Hamas, use whatever it takes.
  • #773,088
  • Sep 6, 2023 1:19pm Sep 6, 2023 1:19pm
The true anatomy of the markets , it all begins with the future that is developing

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Follow The Markets Structure - Patience and Discipline
  • #773,089
  • Sep 6, 2023 1:25pm Sep 6, 2023 1:25pm
Swing trader style - a swing trader will try and capture the whole move down from the origin whereas a buy the dips sell the rallies trader tries to capture smaller portions of the directionally biases swings as in my last post.
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Follow The Markets Structure - Patience and Discipline
  • #773,090
  • Sep 6, 2023 1:27pm Sep 6, 2023 1:27pm
Quoting montygoldy
{quote} closed cable longs .. only i have now alot of underwater dow longs.. this is for today n maybe tomorrow .. no sl dow being a good boy come to papa.. All longs based on daily support area hoping to see a nice bounce today or tomorrow {image}
long update.. come to my papa … tp set at 34530
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Extreme gut feeling trader
  • #773,091
  • Sep 6, 2023 1:31pm Sep 6, 2023 1:31pm
Quoting Waveskierrob
{quote} I wish my target 1.1945 hopefully by Christmas...
Waveski, watch @Jolita's or @Bones' weekly charts b/c if my zone for C won't hold, you might have your wish and a pleasant Christmas.
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Always trade your own plan...I don't provide trading signals.
  • #773,092
  • Sep 6, 2023 1:34pm Sep 6, 2023 1:34pm
Quoting DrDave
{quote} Call it whatever you want, but buying dips/selling rallies is capturing a swing. If you mark the high and low of that captured swing that is a portion of the directionally biased larger swing, and then check smaller TFs, you see EXACTLY the same description: small TF corrections are used to capture a smaller portion of that single directionally biased swing of the larger TF. And capturing a swing is. . . (wait for it) SWING TRADING!
Technically speaking you are correct every move can be counted as a swing with or against, however the key is reading the swing in the correct context to know which direction to take
Follow The Markets Structure - Patience and Discipline
  • #773,093
  • Sep 6, 2023 1:41pm Sep 6, 2023 1:41pm
Quoting forexn00b81
{quote} sure just post the link thanks
4him sending links now guys
  • #773,094
  • Sep 6, 2023 1:45pm Sep 6, 2023 1:45pm
Quoting Coreg2004
{quote} Don, thanks, If the zone for C @1.2475-1.2424 holds, min ret (to the last swing up on the daily chart) should reach 1.2736 as of right now. The challenge is to pinpoint the reversal so we won't ride on the pain train. {image} {image}
To be or not tobe...
JEM
  • #773,095
  • Edited 2:06pm Sep 6, 2023 1:54pm | Edited 2:06pm
Quoting Coreg2004
{quote} Waveski, watch @Jolita's or @Bones' weekly charts b/c if my zone for C won't hold, you might have your wish and a pleasant Christmas. {image}
I’ll wait for a retest to commit to a corrective BUY tomorrow LO. I have 1.2446 as a reversal up before hitting 1.2305 (weekly BB).
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Lost....
  • #773,096
  • Sep 6, 2023 2:08pm Sep 6, 2023 2:08pm
Quoting gespiri
{quote} I’ll wait for a retest to commit to a corrective BUY tomorrow LO. I have 1.2446 as a reversal up before hitting 1.2323.
gespiri, it might be a good call, b/c I don't see enthusiastic traders wanting to push the price up. 1.2450 is a 161.8% weekly range extension.
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Always trade your own plan...I don't provide trading signals.
  • #773,097
  • Sep 6, 2023 2:13pm Sep 6, 2023 2:13pm
Though play through weekly supports, yet next target bear looks 1.2368. Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #773,098
  • Sep 6, 2023 2:33pm Sep 6, 2023 2:33pm
Quoting T721
forexn00b81 can we make zoom 15mins later, gotta go out ---- lets start in 53mins (7.45pm uk)
Keep going over everything i showed you on all pairs. I know it will take 4ever but dont rush, markets should still be here next year and let me know how you get on. Also write down any questions you have for next time.. Goodluck
  • #773,099
  • Sep 6, 2023 2:33pm Sep 6, 2023 2:33pm
Quoting T721
{quote} 4him sending links now guys
Thank you sir, very good meeting and seeing your analysis, it makes a great deal of sense to me for sure, and it really seems to coincide with ict similarly as well with other veteran traders I know.

Get better soon and thanks taking the time out!
  • #773,100
  • Sep 6, 2023 2:35pm Sep 6, 2023 2:35pm
Quoting Coreg2004
{quote} gespiri, it might be a good call, b/c I don't see enthusiastic traders wanting to push the price up. 1.2450 is a 161.8% weekly range extension. {image}
Would be nice to get a liquidity grab at your level tomorrow.. gotta get to bed drugs are wearing off
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