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Cable Update (GBPUSD)

  • #433,961
  • Jul 4, 2016 7:53am Jul 4, 2016 7:53am
Hi Lock,
When i see your posts i begin to believe that forex look harder and harsh
If i saw this posts before enter forex i would even change my mind and quiet soon
No one need to make the forex more difficult for them
No one interested to read all this posts with no ideal idea to know what u talking about or no info to know what u r writing
If u just make it more simple this will be good
There's must be an easy way for that
happy week for all
Investing is SIMPLE but NOT EASY
  • #433,962
  • Jul 4, 2016 8:03am Jul 4, 2016 8:03am
Quoting Moly_Cam5
Hi Lock, When i see your posts i begin to believe that forex look harder and harsh If i saw this posts before enter forex i would even change my mind and quiet soon No one need to make the forex more difficult for them No one interested to read all this posts with no ideal idea to know what u talking about or no info to know what u r writing If u just make it more simple this will be good There's must be an easy way for that happy week for all

What you are saying is very interesting . So, let me answer what I think. A lot of people start trading forex having no idea at all of what trading is, nor how difficult it could be, Many start wishing at easy money, some rule to follow and that's it. Now, after years, and after having made a lot of painful mistakes I can assure you or anyone like you, that trading is one of the most difficult work available, making money with it requires a lot of efforts, there are not easy rule to follow in order to survive on the long term, it is not a science (at least not only a science) and it takes a lot of time in order to become proficent and profitable.
So the worst thing I can do here, is to illude people presenting easy things in order to gain easy money. I'm only trying to show my point of view (that btw is not the Bible) and to highlight odds and possibilities offered by market for intraday traders.
Ubi maior minor cessat
  • #433,963
  • Jul 4, 2016 8:06am Jul 4, 2016 8:06am
Quoting Moly_Cam5
Hi Lock, When i see your posts i begin to believe that forex look harder and harsh If i saw this posts before enter forex i would even change my mind and quiet soon No one need to make the forex more difficult for them No one interested to read all this posts with no ideal idea to know what u talking about or no info to know what u r writing If u just make it more simple this will be good There's must be an easy way for that happy week for all
You are right. Trading is simple but his charts are full of clutter. Not only that, he posts multiple times. I have him on ignore, so I don't know what he's posting. But probably just talking to himself.

This is a thread where people come to share information. Yet it became a journal for some people.
A 1 pip gain is better than a 1 pip loss.
  • #433,964
  • Jul 4, 2016 8:12am Jul 4, 2016 8:12am
Quoting aeternum
{quote} You are right. Trading is simple but his charts are full of clutter. Not only that, he posts multiple times. I have him on ignore, so I don't know what he's posting. But probably just talking to himself. This is a thread where people come to share information. Yet it became a journal for some people.

Some people instead come here to speak of anything except market.
Ubi maior minor cessat
  • #433,965
  • Jul 4, 2016 8:22am Jul 4, 2016 8:22am
Quoting Lock
{quote} What you are saying is very interesting . So, let me answer what I think. A lot of people start trading forex having no idea at all of what trading is, nor how difficult it could be, Many start wishing at easy money, some rule to follow and that's it. Now, after years, and after having made a lot of painful mistakes I can assure you or anyone like you, that trading is one of the most difficult work available, making money with it requires a lot of efforts, there are not easy rule to follow in order to survive on the long term, it is not...
But no one understand anything of your posts and no one would waste his time try to fix this maze you write
u had to make it clear cause this thread not for anyone to show up his muscles or say words no one understand to be a genuis
keep it simple like the any trader if u can ..
Investing is SIMPLE but NOT EASY
  • #433,966
  • Jul 4, 2016 8:35am Jul 4, 2016 8:35am
Quoting Moly_Cam5
{quote} But no one understand anything of your posts and no one would waste his time try to fix this maze you write u had to make it clear cause this thread not for anyone to show up his muscles or say words no one understand to be a genuis keep it simple like the any trader if u can ..
Have you made a survay of what other people understand or do not understand of my posts? If you want to ignore what I'm posting there is a special function for it: use it if you like and stop telling people what is correct and what is not, you are not a moderator.
Ubi maior minor cessat
  • #433,967
  • Jul 4, 2016 8:42am Jul 4, 2016 8:42am
Quoting arasheed
{quote} You are right. Since last 4-5 hours it is directionless.

Yes and current Us pit opened inside friday value/range some pips below friday unchanged(close) so, considering the very low liquidity, the session could remain very weak and uncertain. I'm out from this morning btw, only demo test. Have a nice day.
Ubi maior minor cessat
  • #433,968
  • Jul 4, 2016 8:44am Jul 4, 2016 8:44am
Quoting Lock
{quote} Have you made a survay of what other people understand or do not understand of my posts? If you want to ignore what I'm posting there is a special function for it: use it if you like and stop telling people what is correct and what is not, you are not a moderator.
why so serious! like i gonna turn off your own soul?
this selfish and hate paragraph .. guess i wont back to last posts to view what traders felt about your chart
or your dizzy-hizzy views
keep goin and share puzzled posts .. at least im happy u understand what u writing
Investing is SIMPLE but NOT EASY
  • #433,969
  • Jul 4, 2016 9:22am Jul 4, 2016 9:22am
try another long now, stop loss: 30 pips, after a sl taken 50 pips...

  • #433,970
  • Jul 4, 2016 9:30am Jul 4, 2016 9:30am
Quoting MarkoTrd
try another long now, stop loss: 30 pips, after a sl taken 50 pips...
Yep looks like some buying action....see how it goes
Don't Leave Money on the Table
  • #433,971
  • Jul 4, 2016 9:34am Jul 4, 2016 9:34am
Quoting Lock
{quote} Now, if you want to see some of the weak refs above taken out, first of all you want to see price acceptation above friday pit unch (13273) plus above current pre US open 13272. Then you want to see price above friday pit value high (13287). If so, then targets above are possible. But right now price is up and down open and it means great uncertainty and huge lack of conviction in any direction. Let's see.

Now we are currently testing friday pit value high at 13287. In order to expect continuation above, price has to confirm above this level. And period C has to stay above early morning pit high (13288)
Ubi maior minor cessat
  • #433,972
  • Jul 4, 2016 9:36am Jul 4, 2016 9:36am
Quoting Lock
{quote} Now we are currently testing friday pit value high at 13287. In order to expect continuation above price has to confirm above this level.
So to confirm buying price action next 30 minute candle has to be above 3287??
Don't Leave Money on the Table
  • #433,973
  • Jul 4, 2016 9:39am Jul 4, 2016 9:39am
Quoting Lock
{quote} Now we are currently testing friday pit value high at 13287. In order to expect continuation above, price has to confirm above this level. And period C has to stay above early morning pit high (13288)
Mr. Lock, how to determine the pit value ?
thanks
  • #433,974
  • Jul 4, 2016 9:45am Jul 4, 2016 9:45am
Quoting HaLBot
{quote} Yep looks like some buying action....see how it goes
my tp: 2.12852

fibo montly level 261.8...with 30 pips stop loss, try EVER!

if work i'm rich, if don't work, next step, but this is a GREAT level for don't try some money in.
  • #433,975
  • Jul 4, 2016 9:46am Jul 4, 2016 9:46am
Quoting HaLBot
{quote} So to confirm buying price action next 30 minute candle has to be above 3287??

To be exact you want to see following 30 min periods above that level. Maybe C could close belo it (and that is not a good sign for continuation above) but this not necessary means that the following periods will not test it again. The meaning of this is that you want to see current value developing above friday value in order to see continuation higher. So, if you have not periods above friday value how can you expect current value to grow up any further?
Ubi maior minor cessat
  • #433,976
  • Jul 4, 2016 9:47am Jul 4, 2016 9:47am
Quoting MarkoTrd
{quote} my tp: 2.12852 fibo montly level 261.8...with 30 pips stop loss, try EVER! if work i'm rich, if don't work, next step, but this is a GREAT level for don't try some money in.

Not sure about your TP figure 2.12852???
Don't Leave Money on the Table
  • #433,977
  • Jul 4, 2016 9:48am Jul 4, 2016 9:48am
Quoting goldtime
{quote} Mr. Lock, how to determine the pit value ? thanks
You have not to determin it manually. There are common tools that can do it for you. This for example if you like but there are many you may decide to use, all doing the same.


definition from JD site:

"Value area: There is always price and value; they are not necessarily the same. The value area is where approximately 70% of a day’s business is conducted (roughly one standard deviation). This is logical for the middle part of a bell shaped curve is where most activity occurs and indicates where two-side trade is taking place. Many of us were graded on the basis of a bell shaped curve; the majority of students place in the middle range. We want to trade value not price. Appendix 1 in Mind over Markets provides a sample calculation."
Ubi maior minor cessat
  • #433,978
  • Jul 4, 2016 10:06am Jul 4, 2016 10:06am
Now periods C and D made a poor high at 132926: this could mean that the current auction is not yet over or, that there are no more buyers. We have very near targets (weak references) above anyhow, plus 132915 is friday halfback so we have not only a poor high but a weak high. Let's see
Ubi maior minor cessat
  • #433,979
  • Jul 4, 2016 10:20am Jul 4, 2016 10:20am
Quoting Lock
Now periods C and D made a poor high at 132926: this could mean that the current auction is not yet over or, that there are no more buyers. We have very near targets (weak references) above anyhow, plus 132915 is friday halfback so we have not only a poor high but a weak high. Let's see
to maintain the cleanliness of the forum and appreciate some of the other members who began to look uncomfortable with your posting , why not trying to write your analysis on the following market profile forum at http://www.forexfactory.com/showthread.php?t=277528 , where you can be more focused to have discussion about it .

regards,
not euphoria follower
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