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Cable Update (GBPUSD)

  • #777,621
  • Sep 22, 2023 4:02pm Sep 22, 2023 4:02pm
Quoting dantpm
{quote} In TradingView under indicators it is called RSI Signals by HB
Thanks, that's it...I have searched for "Advanced RSI" which is just the short title for the "RSI Signals by HB" and have found a different indicator...
I am who I am
  • #777,622
  • Sep 22, 2023 4:43pm Sep 22, 2023 4:43pm
Quoting Coreg2004
{quote} Whale, go to prior charts and see how it would work for you. The timing of the day is essential. There is a 6-7 patterns that repeat constantly. If you combine this with your method you will be OK.{image} {image} Just do better than I do... {image}
nice charts C
  • #777,623
  • Sep 22, 2023 6:37pm Sep 22, 2023 6:37pm
Quoting ninner
{quote} You are better off just going short and holding it....first target is 1.16....good place to do so in my view.
don't you think it'll hit 1.2280 again before dropping
  • #777,624
  • Sep 22, 2023 7:54pm Sep 22, 2023 7:54pm
ScalaFX and Yngwie special congratulations to you guys for today's performance! You did great this Friday! Haven't been really paying close attention to other people's trades and don't have much time also, but some of you I'll definitely start tracking! I like that you guys provide the price and the time you enter the trade. That is very helpful. If you start doing badly however, I'll unsubscribe!

Just kidding!
  • #777,625
  • Sep 22, 2023 8:52pm Sep 22, 2023 8:52pm
Quoting Bones
It hit this major tl it has gone up for a year previous well nearly hit it {image} {image}
so are you short now
  • #777,626
  • Edited 9:48pm Sep 22, 2023 9:25pm | Edited 9:48pm
ok gentlemen...i have some time now cause ill be busy busy busy this weekend so ill post this
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if you havent seen constatine its one of keeanus better movies tho he still a sucky actor LOL
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enough about movies ...time for some TA
some of you may have heard about the american bad ass mf dollar chart and how its winning the currency wars and crapping on the heads of asian currencies and if you havent dont worry ill repost a couple

somebody asked me today wasnt i bullish beginning of the week and i said i was bullish last friday and this monday but turned bearish wednesday and now bullish again LOL...so i hope these posts will clarify that....bear with me gentlemen cause i do have a point about why im bullish again

Quoting Zebi
i was out some of the day and wasnt here for the prissy and pissy arguing from BOTH GANGS OF IDIOTS LOL the reason im posting right now is im beginning to see weakness in the dollar...no...its not gona crash like the dollar haters would like LOL its just gona take a breather i posted this earlier and a couple knuckleheads ignored me for it LOL...what losers {quote} ill admit thats why im on FF..i want to gauge the sentiment of the site and in this room and do the opposite LOL when i was the ONLY one posting charts and saying the bad ass...
Quoting Zebi
dollar is here gentlemen thats why im going short it may fall to the lower lines but shud go bback up in had to redraw the lines cause didnt save em before {image} {image}
the important things are the charts in those posts not my poetic prose

im done with rehashing the past ...now on to current business

heres updated dollar charts

as you can see gentlemen the dollar chart jumped out of the gate too soon....it didnt test the hourly or 4H lows so guess what it will have to return and go beneath my solid line to the lows at the other ones and then theres an inside candle at the highs on daily
so if the price action on GU has got you dumbfounded switch to dollar futures it give better reversal signals than shitbag forex broker charts...i stay to futures cause index charts are screwy as well

i do a kiss system..."keep it simple stupid"...thats why i use a minimum of lines and no indicators..u an see what else i ill use in the upper left corner but not always

i just use price action like livermore and by that i mean the relationship of candles to each other since he didnt have computers and i do LOL

so i try to be and trade like lynyrd skynyrd said to be
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so gentlemen watch your short behinds cause dollars gona go down again before it hits 107 and 115 in bidens second term ..and im glad everyone in the room is bearish GU
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short trump and go long the deepstate
  • #777,627
  • Sep 22, 2023 11:44pm Sep 22, 2023 11:44pm
Quoting T721
FTSE SWING FOR ANY FOLLOWING ---- targets down @7100 and 7000 helluva long way to go so itsa wait n see if im right..... Blue boxes are 4hr targets {image} {image}
with you buddy still underwater with the FTSE 7400 is my breakeven...
  • #777,628
  • Sep 23, 2023 1:34am Sep 23, 2023 1:34am
Quoting shakmoney
{quote} don't you think it'll hit 1.2280 again before dropping
Anything is possible in markets but if you look at the daily it is coiling and finished near the lows. To me it looks like it wants to fall off a cliff don't you think??? The dxy is at a critical area however and has been up like 11 weeks in a row so a pullback wouldn't be out of the question. I believe more speculators are going to get taken out on stops yet.
  • #777,629
  • Sep 23, 2023 1:44am Sep 23, 2023 1:44am
Anybody using eToro to trade forex here?

Did you notice the high discrepancy in its chart and other brokers like Oanda?

Thanks!
"No trade is still a trade." - Peter Borish
  • #777,630
  • Edited 4:41am Sep 23, 2023 4:25am | Edited 4:41am
Take look at this photo , i have posted it before , as retail traders we are always trading within one of the circled areas , within the bigger circled area i have marked the smaller areas and that is what we want to trade. If we try to trade the smaller dips and rallies within the 12345 you will get stopped out very often unless your just scalping for a few pips.

The bigger circled areas i call intermediate waves , the smaller circled areas minor waves and the smaller dips and rallies are micro waves. My system maps the bigger and smaller circled areas on all timeframes, by using two timeframes with the same mapping system you can identify if the wave your considering trading is a minor or micro wave within the intermediate.

To get the spacing right you should use two timeframes with a difference of 4-8 time interval,s ie 1-5, 15-60, 60-240, 240-D1 (yes i know the trade i posted yesterday was 15- 30 but that was an exception to the rule)

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Follow The Markets Structure - Patience and Discipline
  • #777,631
  • Sep 23, 2023 5:54am Sep 23, 2023 5:54am
Quoting Zebi
{quote} im out for 4 pips
i will keep my long till new week. I took a long trade with 1 lot from 1.2234 tp 1.2243.9 pips. Hope from monday it will first go 1.2220. Then i will go for another long with 1 lot.
  • #777,632
  • Sep 23, 2023 6:19am Sep 23, 2023 6:19am
Quoting shakmoney
{quote} so are you short now
I don't carry over weekends
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #777,633
  • Sep 23, 2023 6:28am Sep 23, 2023 6:28am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #777,634
  • Edited 6:46am Sep 23, 2023 6:35am | Edited 6:46am
Another shaven close, this time I would say it adds weight to the pattern outright, either way, it is totally in line with monthly which is 427 pips down from open,
every step down adds to the monthly direction
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #777,635
  • Sep 23, 2023 7:27am Sep 23, 2023 7:27am
might not make it to the high super duper trade
hangman can be just warning
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #777,636
  • Sep 23, 2023 7:41am Sep 23, 2023 7:41am
Quoting Lbrto
Anybody using eToro to trade forex here? Did you notice the high discrepancy in its chart and other brokers like Oanda? Thanks!
I have an account for years, but only for crypto trading lately.
My main account I use is IG markets, but noticed is getting too expensive to run, with added various extra costs.

Need to search for reliable spread betting account, UK broker.
Any recommendations anyone?
  • #777,637
  • Sep 23, 2023 7:50am Sep 23, 2023 7:50am
Quoting Jolita
{quote} I have an account for years, but only for crypto trading lately. My main account I use is IG markets, but noticed is getting too expensive to run, with added various extra costs. Need to search for reliable spread betting account, UK broker. Any recommendations anyone?
FxPro
People don't plan to lose. They lose because they don't plan.
  • #777,638
  • Sep 23, 2023 7:53am Sep 23, 2023 7:53am
Quoting ScalaFX
{quote} FxPro
Voted no 1!
Thanks Scala, will look into it.
  • #777,639
  • Sep 23, 2023 10:21am Sep 23, 2023 10:21am
Interestingly, on Friday there was no 1hr+ close below that Mthly S3 pivot which is @/around 2240, (as there was no 30min+ close below Friday's Dly S1.) This said, as Bones pointed out the three black crows and last week's wkly bearish thrust candle and shaven head on it, and the dly bearish thust close are suggestive of more downside at some point. Whether this is actually the higher probability on this t/f (wkly) on this gbpusd pairing (based on empirical large multi-year sample evidence) I don't know, but it at least has that feel does it not?

Re the prev 1hr/4hr sw lo zone that leads down to last week's 2231 lo, it has now been tested three times and held as support on 30min, ( once on 1hr/4hr) and price closed in that pot supp zone again near to Friday's wkly lo, after the last p/back from it. Will this pot supp zone see some demand emerge in it again at next week's opening? Well you could argue that there is a descending triangle (of sorts) on 1hr/4hr which is suggestive at least that it may not? This is to say nothing of any stops for long positions that may be below it. If tested they could get bought, or just add to a continued downside story? Speaking of (immediately) below it, A prev 4hr/dly sw hi then lo zone = prev supp = pot supp exists down to 2189, (staring on the dly circa 2119,) then a prev 4hr sw lo zone down to 2178, = prev supp = pot supp, so some demand could emerge here if tested.

Worth noting that price has already traveled 113% of 6Mth amr so far this Mth, and Mthly S3 pivot has as mentioned been tested. On a scale of o/s - very o/s - extreme o/s, my dly osc's are in a very o/s state. So from these 2 points of view price is looking somewhat 'stretched' at these levels. This does not mean to say however that it cannot stretch anymore! It's 'elasticity' knows no maximum!

1hr/4hr below
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