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Cable Update - Continued 105 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting Headland
{quote} Hi. Nice explanation. I think mine would be best described as an adaptation of Dr. Alexander Elder's triple t/f analysis approach, ie: I designate a 'shortest, intermediate, and longest t/f, (in 2 t/f combo's,) then for; Trend: I look for intermediate and longest t/f's (+) to be trending and seek an entry after a p/back on the shortest t/f @ an intermediate t/f potential sbr/rbs -or- the longest t/f (+) to be trending and seek an entry after a p/back on the intermediate t/f @ a longest t/f sbr/rbs. Ant-trend/Ranging: Depending on how many...
I know Elder's triple screen system. He is on the right track: He simply still leaves out a lot of valuable information with the limited TFs that he evaluates.
To free Gazans of Hamas, use whatever it takes.
Quoting Traderview
1.2480 is support {image}
Update:
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Quoting mkvy
{quote} my advice to is stay away from forums like this until you have a set strategy that no one elses ideas can effect Dont take any note of data releases and never watch the news never trade time frames lower than 4h basically by following these simple steps youll be doing what 90% trader dont do most traders here are loser casino gamblers. But not everyone good luck!
First point.
Let me start by saying that I agree with you about not being ready with a sound system in place. I trade supply and demand using price action only, with the occasional indicator. I learnt with redsword11 forum 'price is everything'. I learnt with him personally, and he taught me everything I need to know, and therefor dont need to rely on someone else's ideas to make a trade. Plus I have chart time in my favour. That's also very important.


I don't agree about data releases. Data releases give us strong price action or liquidity in the market and it allows price action to test unfilled S&D levels at more extreme levels then normal.

The last point, which I agree on, is dont trade lower time frames if you are a newbie. The lower the time frame you are on, the more 'data' (signals) you are flooded with.

I woukd also add that you don't need much in your account to really get started. £300 is enough trading micro lots and it's also the smart thing to do.

Quoting JereMi256
{quote} Hello Joseph, I welcome your input, thanks. Ps// Great message but to me, Cable Update is more about live trade calls/analysis in real time. If there is a reason attached to your view, even better for purposes of constructive interactions. Happy trading, jereMi.
Thanks,

I did add my reason for last night's trade with the blue lines and cap in price.

Here is another trade I just took! A little slow in posting, sorry.
With an update one.
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I'm using my phone which doesn't make it very clear my levels, as its limited with the functions. But I'll make an effort in the future with that by using a computer.
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Red lines on the above chart signal seller's at that level. My buy will be null and void if we can't break above
this supply level. On the flip side if we go down we go down from the red lines.
Indicators only Indicate, Price action dictates.
Price not break days opening area. Let’s see if NYO helps move the market a bit
Insane in the Brain..
price at breakout level at 2471, on support now , waiting breakout to below 2444 as of morning pa . Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting BeeTogether
Price not break days opening area. Let’s see if NYO helps move the market a bit
i doubt there will be any move for the rest of the day, probably price will go side ways till tomorrow
Quoting fxmasterdxb
{quote} i doubt there will be any move for the rest of the day, probably price will go side ways till tomorrow
definitely looks like it. If it does break it will be below12460 or above 12490 both bring support and resistance currently
Insane in the Brain..
Quoting ScalaFX
{quote} Nice! You draw boxes manually or EA?
always manually.

there are EAs i tried but they are not exact.

i supported years ago swingman and simoneg to create an EA with simones ideas of support&resistance lines but it failed because of the complexity.

a humans discretionary experience eyes see more;-)
trading is like dancing, don't think and just listen to the music!
Quoting fxmasterdxb
Scalp long GU @ 1.2467, targeting 1.2540 {image}
closed +10, got things to do and dont want to waste time looking at a chart when PA is moving sideways
when the move is gonna be... is it with bailey or in 2hrs.

lets see
Quoting Traderview
when the move is gonna be... is it with bailey or in 2hrs. lets see
no idea is it NYO in 15 mins or has it happened already?
Insane in the Brain..
Quoting BeeTogether
{quote} no idea is it NYO in 15 mins or has it happened already?
Last 30mins of this 4hr close of DXY.
Quoting Traderview
when the move is gonna be... is it with bailey or in 2hrs. lets see
the chart you posted before on 30 min technically already reversed the uptrend by breaking the last higher low. On top of that we now had a 4h engulfing so again technically we would expect at least one more push lower from here or after a small correction.
Quoting Nvrmd
{quote} the chart you posted before on 30 min technically already reversed the uptrend by breaking the last higher low. On top of that we now had a 4h engulfing so again technically we would expect at least one more push lower from here or after a small correction.
Possible or the last 4hrs was a fakey..
Quoting BigNumbers
EURAUD long {image}
Are you in?
dx on a support , but looks not ready for bounce yet !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting birdland
{quote} always manually. there are EAs i tried but they are not exact. i supported years ago swingman and simoneg to create an EA with simones ideas of support&resistance lines but it failed because of the complexity. a humans discretionary experience eyes see more;-)
sure thing, I know what you means, Im too do almost all manually, nice job! Keep up posting becouse your SR have high probability
People don't plan to lose. They lose because they don't plan.
Quoting Whale
Gold targeting 1965/7 and this is my last gold trading for 2023.. any trade start with a problem.
Hit.
Based on hourly there is a lot of room.
1908 will be perfect for me.

if Israel and isis will make a deal about the hostages it will drop hard.
The market has short memory
Long 1.2469 SL 1.2459
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
Whale 1908 is unlikely
38 traders viewing now, 1 is a member:
Abeylyn