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

by the way,
to all my chinese friends & chinese members in the house ....
Gong Xi Fa Cai!
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Thank You
Quoting Ifty
OMG Azim just realised Juniors birthday. My goodness it seems like only yesterday when you broke the news of his birth. Wishing him the very best in this world and the hereafter.
thanks bro! yep time flies, I'll be sure to convey the message
Thank You
Quoting wormboy
I wouldn't touch short trades simply because the htf is very bullish.
Switch to the D1 & you'll see that the bull flag is now in play. Take the D1 close yesterday & you'll find no reason to sell. Even atm price is trading above the W1 pvp resistance & above yesterday's hi.
In hindsight yes the drop since LO would've allowed for some profit but it is the riskier option because you'll be shorting in the middle of nowhere.
Not to say that I don't counter trend trade, I do. But when something is trending so...
thanks for the explanation and ifty as well.I got your vision now.
please find attached some screenshots of my brain section

to see why I triggered the sell trades.
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Quoting redbeben
thanks for the explanation and ifty as well.I got your vision now.
please find attached some screenshots of my brain section

to see why I triggered the sell trades.
and thank you too. Well your chart explains why we both are not looking & not trading the same thing. You're trading off the m5, something which I am not currently doing
1 question tho regarding the 1st chart attached. I see you had circled the oscillators to show us your sell trigger. Mind me asking what's the purpose of the ichimoku on your chart? Because the m5 candle was clearly above kumo. I thought having all those things on chart, you'd want them to at least align before pulling the trigger. Sorry for being a bit thick.

thanks
Thank You
I have got 4 shorts between 16167 and 16220.

price bounced directly off the monthly trendline which starts at 17040. I could see a major reversal off these highs. I do not see price getting above 16300 here.

After persuing a view posts here, I am comforted by the fact that so many here in the forum don't agree with me.

I could see 44 hours of consolidation before NFP but when it happens is somewhat irrelevant. That is the beauty of swing trading.

Cheerio
"Timing Is Everything. Really I Swear It Is"
Quoting wormboy
and thank you too. Well your chart explains why we both are not looking & not trading the same thing. You're trading off the m5, something which I am not currently doing
1 question tho regarding the 1st chart attached. I see you had circled the oscillators to show us your sell trigger. Mind me asking what's the purpose of the ichimoku on your chart? Because the m5 candle was clearly above kumo. I thought having all those things on chart, you'd want them to at least align before pulling the trigger. Sorry for being a bit thick.

thanks
hi there

well the first chart is on M5 but the second is H1
on the second I use the trend line breakout strategy which I guess you all know.If not I can explain as it is simple.

On the first chart even if it is M5 I still look on the higher TFS to confirm the direction.
On M15 the cross was already in place so even if the candle was above the cloud we still had the Kijun -sen flat which attracts the price as a magnet ...after all ichimocku means ''equilibrium at a glance''

the same flat line can be found on H1 and H4 as I mentioned before.

on the same M5 I circled the signals as the dynamic range arrow....don't trust it but it is there to make me think I am right ),the flat line as for the magnet,the Momentum on it's peak,RSI at 68(the values I learned about it should be 68 and 32 not 70 and 30)and the Stochs crossing at the 80 line.

I also have the future Kumo forming as a sell one.
This move will not be only south as it will have a north one as well from time to time so it allows the Tenkan sen and Kijun sen lines(red and blue)to cross as well and catch up with the downtrend.

the same RSI,Momentum and Stochs are on the H1 and H4 charts telling me the same story.

while I am typing this the price will start to rise to the flat line on M5 and this will help the corss on the M30 ...and so on

why i countertrend if the ichi lines don't tell me to enter? experience told me when to jump in and out....and with the rest of the indies helping me it works pretty well.

...so.....I hope I am wrong about this pullback for the sake of the long runners and I hope I am right for the ones shorting from 1.6180

at least that's how I see it
Quoting redbeben
hi there

well the first chart is on M5 but the second is H1
on the second I use the trend line breakout strategy which I guess you all know.If not I can explain as it is simple.

On the first chart even if it is M5 I still look on the higher TFS to confirm the direction.
On M15 the cross was already in place so even if the candle was above the cloud we still had the Kijun -sen flat which attracts the price as a magnet ...after all ichimocku means ''equilibrium at a glance''

the same flat line can be found on H1 and H4 as I mentioned before.

on...
well, this will take a while to digest. Thanks for taking the time! Hope the trade goes well for you. (i'm still long btw lol)

Thanks
Thank You
and again a screenshot to tell you my point of view.
again experience told me that once a R level is broken the price will move towards the next one.In ichimocku I find it simple looking at the black line behind(it is shifted 26 positions back)and for a long trade I look back untill I find a spike higher than my price level.
if it brakes that one it will go to the next one or will come down to the closest big R level broken that will be S afterwards.

so....as long as on the daily does not go below 1.6136 we still have the long to 1.6267 if not it will go to 1.6050 but as I said to be conservative 1.6080

or you can just hunt TP levels on smaller TFS
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Quoting wormboy
well, this will take a while to digest. Thanks for taking the time! Hope the trade goes well for you. (i'm still long btw lol)

Thanks
no probs that's why we're here for just immagine what we could achieve if we would all use our trading strategies and refine them in one perfect one

p.s. I'm still long and in profit but short as well....long on long term and short on intraday

weeeeee happy day for me
Quoting wormboy
well, this will take a while to digest. Thanks for taking the time! Hope the trade goes well for you. (i'm still long btw lol)

Thanks
lol...
love ur unchanged bias mate....

just be careful if daily does its role

and dang... i bail it too early
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Verily, in every difficulties there is relief
Quoting primzvicious
lol...
love ur unchanged bias mate....

just be careful if daily does its role

and dang... i bail it too early
lol, that's about all a man should do - shoot straight
btw .. you know that bullflag on your d1 is valid no?
Thank You
Quoting wormboy
lol, that's about all a man should do - shoot straight
btw .. you know that bullflag on your d1 is valid no?
i see it as a completion of daily target...
unless the monthly triangle broke ill persistent as you did

in addition i attach my m5 chart
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Verily, in every difficulties there is relief
Quoting wormboy
However, getting closer to what us retailers normally trade off, the immediate resistance atm is @1.63
We've had a breakout from the W1 pivot resistance @6144, so that now serves as immediate support. There's no retest of the broken 6144 yet, & there's a good chance of that happening. Will wait to see what happens there, if 6144 holds then will continue to buy the dips. If it fails, I'll start to look for selling opportunity.

Good luck
there's the retest. Let's see if we're able to load longs some more or will be forced to bail.

Good luck.
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Thank You
btw redbeben, well played my friend
Thank You
Quoting wormboy
btw redbeben, well played my friend
thank you I do pull up some rabits from the hat.

p.s. my TP was 1.6140 as I am conservative and 10 pips above the S level 1.6129

weeeeeeeeeee

I will post some other charts tmr with some more explanations on how I get those lines....apparently we have them different and I have a slight idea why ...
hey guys
in my point of view on daily TF it reached the top of the channel and also hit 127 fibo which is a strong R.
i think it has a pullback to the channel bottom
what is your ideas???
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I am in a hedged position, so for me either way. It looks like it could be basing now for some retracement. If there is no sign of many more longs tomorrow morning I will probably close my long and cautiously watch my short.
my view is as follows - we are in (3) of 5 or (5) of 5 - check out the picture.

my target would be around 1.6290
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Quoting fourxtrader
Right now I'm watching the 5M to see if it will form into a tight pattern then release... up or down. I'll let it set the direction for now.

In every case there is always a c.pattern on a tf to spring from and support a trade.

Just my views.

Dr. D.
I was about to dismiss the possibility of the 5M forming with
this wide oscillation but the EMAs came back to a nice cluster.

The 5M pattern provided the move to collapse the 'bubble' on
the 15M. May have to wait until the Asian session. The energy
generated off of this compression could push this further down
to collapse some higher tfs providing some necessary and
needed retracements or move it back up and again on its way.

Dr. D.
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Quoting wormboy
there's the retest. Let's see if we're able to load longs some more or will be forced to bail.

Good luck.
retest done & bounced. Didn't manage to load additional longs, we had suarez debut goal see
still very much bullish. So no shorts for me & will be maintaining my previous long positions.
See you guys later. Good luck
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