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Cable Update (GBPUSD)

  • #820,101
  • Apr 3, 2024 6:22pm Apr 3, 2024 6:22pm
Quoting Robinhood1
{quote} MOst probably Will reach beyond 2.0600
I will set my TP @ 1.9800 for now. 1.9800 can be strong resistance for GA..
I'm not always right.. I'm not always wrong neither
  • #820,102
  • Apr 3, 2024 6:37pm Apr 3, 2024 6:37pm
Quoting Jade Gate
{quote} Good luck with that. Nice pile of wicks on the weekly chart. Going south. Why do I feel like we have a fortune teller in our midst? Astrologer? EW theorist using full moons or crescent moons? Dunno. But hey buddy, whatever it is, if it works for you, go for it. {image}
Thank you I'm long term trader.. I also check price action before entering.. If price action support I follow my own forecast ... otherwise wait a bit and adjust my timings..
I'm not always right.. I'm not always wrong neither
  • #820,103
  • Edited 7:59pm Apr 3, 2024 6:56pm | Edited 7:59pm
_____________=
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Don’t focus on making $$$, focus on protecting what you have.
  • #820,104
  • Apr 3, 2024 7:48pm Apr 3, 2024 7:48pm
Quoting Jade Gate
{quote} Good luck with that. Nice pile of wicks on the weekly chart. Going south. Why do I feel like we have a fortune teller in our midst? Astrologer? EW theorist using full moons or crescent moons? Dunno. But hey buddy, whatever it is, if it works for you, go for it. {image}
ahh yes the goose head pattern
  • #820,105
  • Apr 3, 2024 7:56pm Apr 3, 2024 7:56pm
Quoting Jade Gate
{quote} Good luck with that. Nice pile of wicks on the weekly chart. Going south. Why do I feel like we have a fortune teller in our midst? Astrologer? EW theorist using full moons or crescent moons? Dunno. But hey buddy, whatever it is, if it works for you, go for it. {image}
hehehe youre funny Jade but its true it hit the daily resistance and i wanna see if its gonna bounce up to 1.95 but the weekly definitely bearish multiple test and rejection but there is a good chance based on the amount of retest its gonna break the weekly but its a game of probabilities
  • #820,106
  • Apr 3, 2024 8:22pm Apr 3, 2024 8:22pm
GBPAUD nice rejection off the daily support area or liquidity area took a buy to next 4 hour area 0.03 lot size
  • #820,107
  • Apr 3, 2024 8:27pm Apr 3, 2024 8:27pm
Quoting Jade Gate
{quote} Good luck with that. Nice pile of wicks on the weekly chart. Going south. Why do I feel like we have a fortune teller in our midst? Astrologer? EW theorist using full moons or crescent moons? Dunno. But hey buddy, whatever it is, if it works for you, go for it. {image}
what about your rising moving average cluster
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #820,108
  • Apr 3, 2024 8:39pm Apr 3, 2024 8:39pm
Quoting Bones
{quote} what about your rising moving average cluster
Not enough compression of ma's, much less impressive when they are so spread apart. 21sma (light blue) and 50 sma (dark blue) are not nearly as significant as the 200 ema (red) and the 200sma (purple). But gotta say that was a nice advance notice heads up when the 200sma crossed over the 200ema for bull (missed it, wasn't looking). And I think AUD is in the oversold zone, but market might have other ideas given AU-China relations. At least we're selling the grape to them again, that's something. The stoch on GA has topped out and pointing south too, so that is enough for me at least to not call bull on this chart at this time (or anytime soon). NFP is going to be interesting.
  • #820,109
  • Apr 3, 2024 9:15pm Apr 3, 2024 9:15pm
Some folks in here still trying to predict sh*t.
They already know what is going to happen.

Best trades do not come from prediction but preparation.
Stay away from these folks.
More time in the market, does not mean you trade better!
  • #820,110
  • Apr 3, 2024 9:29pm Apr 3, 2024 9:29pm
Quoting Robinhood1
{quote} It could still retrace down to 1.9225. its turned srtong to climb up for the next days, week
So far so good
POSTMASTER
  • #820,111
  • Edited 9:51pm Apr 3, 2024 9:41pm | Edited 9:51pm
Quoting Zebi
i just closed my UJ long at 151.76 so made 40 pips will look to go back long just taking profits to make myself feel better over my gold losses....I'm still alive bonzey on gold...you fotoshopping my post yesterday instead of my chart helped a little LOL not as good as when you fotoshop my charts but ill take it
Quoting Zebi
i just jumped back into UJ long..small size right now entry is blue line at .891 I'm disregarding my own plan to wait for Powell to talk first {image}
Quoting Zebi
{quote} placed buy limits on UJ in increasing sizes with the bottom one the biggest on UJ for powells speech {image}
Quoting Zebi
{quote} {quote} one order got hit so my average price is 151.74 from the cursory glance I gave tweets about Powell speech he didn't say anything he hasn't said already a hundred times before so price on everything will return to the pmi announcement level still short GU I left the other 2 limit orders in incase suzuki talks out of his ass again tonite I'm off to drive in the snowy slush this april day {image}
Quoting Zebi
if this 4H UJ candle closes green in 45 min. its a buy signal...nobodies scared of the Japanese and what they think I wont take it cause I hope one of my other limit orders get hit
i missed having my UJ order filled by .005 pips LOL

I'm leaving them in incase suzuki opens his mouth and dollar bulls shut it for him
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short trump and go long the deepstate
  • #820,112
  • Apr 3, 2024 10:36pm Apr 3, 2024 10:36pm
Quoting Zebi
{quote} {quote} {quote} {quote} {quote} i missed having my UJ order filled by .005 pips LOL I'm leaving them in incase suzuki opens his mouth and dollar bulls shut it for him {image}
I Will advice you with UJ companion Zebi if i am active when the buy chance shows up. And you decide
POSTMASTER
  • #820,113
  • Apr 3, 2024 11:16pm Apr 3, 2024 11:16pm
I will not Sell till price goes below 1.2640
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!! Radha Radha !!
  • #820,114
  • Apr 3, 2024 11:43pm Apr 3, 2024 11:43pm
Quoting Fardeen1209
Some folks in here still trying to predict sh*t. They already know what is going to happen. Best trades do not come from prediction but preparation. Stay away from these folks.
"Post of the day"...
  • #820,115
  • Apr 4, 2024 12:19am Apr 4, 2024 12:19am
Quoting Fardeen1209
Some folks in here still trying to predict sh*t. They already know what is going to happen. Best trades do not come from prediction but preparation. Stay away from these folks.

GU

But Bro,

I'm only guessing, may not happen.
I'm still newbie, unlike Pro like zebi

For some, when they give hindsight they trade like Forex God, but give real time call, it failed miserably. ( I'm talking about me....)

My guesstimate today.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #820,116
  • Apr 4, 2024 12:19am Apr 4, 2024 12:19am
there's cluster 1.2670<>1.2695 to mitigate, it looks is going straight there..then yearly opening is the next
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chaos is just unknown order
  • #820,117
  • Apr 4, 2024 12:21am Apr 4, 2024 12:21am
eur/gbp
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vankiepsauff@gmail
  • #820,118
  • Apr 4, 2024 12:38am Apr 4, 2024 12:38am
Like always.. GU flirting with the drop and the flirting escalated for a big black di** into bears ass.
are you surprised? No.

NFP probably take it down again.
  • #820,119
  • Apr 4, 2024 12:38am Apr 4, 2024 12:38am
Quoting rameshkn2005
{quote} Hi, Just now subscribed after seeing your exhaustive and appreciable images that you have been posting. Please tell me how to trade around support/resistance zones. How to make out if prices will break the S/R levels or reverse. I have tried, tested, been battered and bruised trying out all available strategies. None of them seem to work. I would appreciate your help!! PS: I need help trading S/R levels (I don't need to know how to calculate those, just knowing if prices would continue to break out or prices would reverse). Thanks for reading...
TO : rameshkn2005


Trading around SnR levels can indeed be challenging, and it's common for traders to face difficulties in determining whether prices will break these levels or reverse.
While there isn't a quick fix or one-size-fits-all solution in trading, I can certainly offer some guidance on how to approach these zones.

Firstly, it's essential to understand that SnR levels are not fixed points but rather zones where price action tends to react.
Here are some key principles to keep in mind:

Price Action Analysis: Instead of relying solely on indicators or predetermined strategies, focus on understanding price action.
Look for patterns and candlestick formations around SnR zones to gauge market sentiment.
Confirmation Signals: Wait for confirmation signals before entering a trade.
This could include a strong candlestick pattern, a breakout with significant volume, or a pullback followed by a bounce off the level.
Risk Management: Implement strict risk management techniques to protect your capital.
Set stop-loss orders based on the volatility of the asset and your risk tolerance.
Multiple Timeframe Analysis: Analyze SnR levels across multiple timeframes to get a clearer picture of the market dynamics.
Market Context: Consider the broader market context, including economic indicators, news events, and overall market sentiment, as these factors can influence the behavior of SnR levels.
Avoiding Overtrading: Refrain from constantly jumping between different trading systems or strategies.
Consistency and discipline are key in trading success.

While these principles can provide a framework for trading around SnR zones, it's important to remember that there are no guarantees in trading.

Additionally, I've noticed from your profile that you've been jumping from one trading system to another within a relatively short period.
It's essential to emphasize the importance of sticking to a single approach for an extended period to fully understand its intricacies and nuances.

Constantly jumping between strategies can hinder your ability to develop expertise and consistency in trading.
Therefore, I would strongly encourage you to commit to a particular system and give it sufficient time to assess its effectiveness before considering any changes.

Before fully grasping how SnR levels work, it's imperative to delve into the foundational theories of Wyckoff and Dow.
These theories provide essential insights into market dynamics and price behavior, laying the groundwork for effective utilization of SnR.
Therefore, I recommend familiarizing yourself with Wyckoff and Dow theory as a precursor to mastering the intricacies of SnR trading.

And most importantly, it's crucial to dedicate significant time and effort to study the deep lessons and secrets of SnR.
Patience is key, and it's essential not to become disheartened by initial setbacks.

Personally, I spent two solid years solely focusing on understanding SnR until I felt confident in my grasp of it.

However, even with that level of dedication, I encountered failures at times due to lapses in adhering to certain rules.
Continuous learning and refining your approach are integral parts of the journey toward mastering SnR trading.



P/S Show me some of your works on forward testing. Post it here, to see how much/deep you really knows about SnR.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #820,120
  • Apr 4, 2024 12:58am Apr 4, 2024 12:58am
Quoting Robinhood1
{quote} Hi Buddy. For an advanced trader, beating AI became a real challenge. It reflects whats coming for humans to survive. 99% underperform the technology. Will the remaining 1% keep the rest alive?
Mi hermano, if you can't beat them, join them
You have to have an IQ higher than 90 to interact with this user.
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