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Cable Update (GBPUSD)

  • #435,881
  • Aug 5, 2016 5:11am Aug 5, 2016 5:11am
Looking at 131 600 - 131 800 as the Holding zone - for obvious reasons with these Usual Suspects
Call it 132 and waiting ..
  • #435,882
  • Aug 5, 2016 5:11am Aug 5, 2016 5:11am
I suggest the following:

1. Learn Candle Stick Patterns to its fullest degree. It's simple. Just remember the patterns, back test them, see how many of those patterns produces good results and which ones don't. Separate them. Stick with ones that work out 90%+ of the time.

2. Understand what the difference is between Support and Resistance vs. Supply and Demand. Then learn how to trade off them.

3. Line analysis. Add this into the mix of the above and you can't go wrong.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #435,883
  • Aug 5, 2016 5:14am Aug 5, 2016 5:14am
Quoting FXCyborg
I suggest the following: 1. Learn Candle Stick Patterns to its fullest degree. It's simple. Just remember the patterns, back test them, see how many of those patterns produces good results and which ones don't. Separate them. Stick with ones that work out 90%+ of the time. 2. Understand what the difference is between Support and Resistance vs. Supply and Demand. Then learn how to trade off them. 3. Line analysis. Add this into the mix of the above and you can't go wrong.
Nice post regards E
  • #435,884
  • Aug 5, 2016 5:21am Aug 5, 2016 5:21am
Quoting FXCyborg
I suggest the following: 1. Learn Candle Stick Patterns to its fullest degree. It's simple. Just remember the patterns, back test them, see how many of those patterns produces good results and which ones don't. Separate them. Stick with ones that work out 90%+ of the time. 2. Understand what the difference is between Support and Resistance vs. Supply and Demand. Then learn how to trade off them. 3. Line analysis. Add this into the mix of the above and you can't go wrong.
Fxcyborg - Do you have a system or Ea , what is your preferred style trading
  • #435,885
  • Aug 5, 2016 5:23am Aug 5, 2016 5:23am
I adopt almost every possible method of trading. Helps find confluences.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #435,886
  • Aug 5, 2016 5:25am Aug 5, 2016 5:25am
Quoting FXCyborg
I suggest the following: 1. Learn Candle Stick Patterns to its fullest degree. It's simple. Just remember the patterns, back test them, see how many of those patterns produces good results and which ones don't. Separate them. Stick with ones that work out 90%+ of the time. 2. Understand what the difference is between Support and Resistance vs. Supply and Demand. Then learn how to trade off them. 3. Line analysis. Add this into the mix of the above and you can't go wrong.

Cheers Cyborg will do....

Gotta say I trade fairly well and I see guys spouting all sorts of Tech stuff then I look at their accounts and Laugh, I don't have their Maths brain yet I kick their arses......I literally Do.

Don't take it personnally I'm not aiming this at you but just making you aware I'm no dummy at this but maybe I might sound like I am...
Don't Leave Money on the Table
  • #435,887
  • Aug 5, 2016 5:30am Aug 5, 2016 5:30am
Quoting HaLBot
{quote} Hey M8 never have your mind set on one possible outcome for trading, you have to be flexible enough to change direction at a moments notice......so many times have I fought the market because of a belief I had about what way the market was heading.....And once trading so absorbed in price action that I forgot the decision I made earlier until too late... If Cable was gonna do what a lot of people in forums said yesterday and today then we'd be at 3050 by now....I'm not saying it's not heading down, what I am saying is don't get fixated on...
real talk,broh, well said.
  • #435,888
  • Aug 5, 2016 5:31am Aug 5, 2016 5:31am
E
Quoting HaLBot
{quote} Cheers Cyborg will do.... Gotta say I trade fairly well and I see guys spouting all sorts of Tech stuff then I look at their accounts and Laugh, I don't have their Maths brain yet I kick their arses......I literally Do. Don't take it personnally I'm not aiming this at you but just making you aware I'm no dummy at this but maybe I might sound like I am...
Cyborg may not even be profitable don't laugh lots them here who talk crap don't deliver
  • #435,889
  • Aug 5, 2016 5:35am Aug 5, 2016 5:35am
Quoting elbert3
{quote} Hi Lock do you ever post trading buy or sell trades where you hsve gone into a trade regards E
Sometimes I did it. But I prefer to avoid it because there is a serius risk to influence others to do something that maybe they are not suited for.
Let me do an example: If you are fast enough you may take all the weak references as buy or short entries. Now, let's say I'm going to write: short here at, long here at, any time one of this minor weak refs looks to work for me. And let's say a trader that is used to marry a position try to follow my style: in these cases a trader should be fast enough to quickly entry but olso fast enough to quickly esc, So in this particular case if a trader has not this approach following these entries could be a disaster for him.

At the opposite a fast trader, one that is not able to wait, let's say some hours doing nothing just to find the right bigger entry, could be forced to do something totally adverse to his or her abilities if I try to suggest such a trade.

By the way I'm definitely not a fast trader and all the references I'm posting here are posted in order to underlign the weakness of a certain price movement. I generally entry a market when I see reasonable odds to go against some very weak structure.

When a market is so weak like the one we have experienced in the last weeks I generally do not trade at all but demo and testing accounts. This is because I found myself in real difficulties when all the partecipants to a market are weak, because it is hard to me to decide where are the weakests among them. My mentor was able to trade also in such markets, I'm not. Anyway sometime it happened and when I found my self more secure I enter my trades.

Let me add a further note: I hope that the things I write here could be of some help for people not very experienced of markets. If I write that there are a lot of weak refs below maybe a trader will not gain money selling to reach them but at least he or She will be warned about the serius risks is taking buying in such a dangerous condition.

Regards, L.
Ubi maior minor cessat
  • #435,890
  • Aug 5, 2016 5:35am Aug 5, 2016 5:35am
Quoting dean1star
{quote} Not bad Hal, seems slightly blagged from some 90's stuff - Ibiza background noise as we would call it. Produced a lot of Music Videos in my time, so would say good effort for a newbie. Perhaps some French Influence with the Singer - just a guess.?

I love the vibes.
  • #435,891
  • Aug 5, 2016 5:40am Aug 5, 2016 5:40am
any Fx prophet in the house? who can really and truely say what the NFP data gotta be, with technical explanation? let the debate begin
  • #435,892
  • Aug 5, 2016 5:41am Aug 5, 2016 5:41am
Quoting HaLBot
{quote} Cheers Cyborg will do.... Gotta say I trade fairly well and I see guys spouting all sorts of Tech stuff then I look at their accounts and Laugh, I don't have their Maths brain yet I kick their arses......I literally Do. Don't take it personnally I'm not aiming this at you but just making you aware I'm no dummy at this but maybe I might sound like I am...

Actually I've had a stella week so far and I posted the results yesterday to show I'm not Bullshitting, ATM this week my accounts up by 160% but slogging it out last 4 days it didn't feel like it until last night before posting I thought....WOW

And all live trading because I find in Demo I absolutely kill it but doesn't equate to a live account.....unfortunately

Now I look forward to NFP where I'll blow the lot...
Don't Leave Money on the Table
  • #435,893
  • Aug 5, 2016 5:46am Aug 5, 2016 5:46am
Quoting Lock
{quote} Sometimes I did it. But I prefer to avoid it because there is a serius risk to influence others to do something that maybe they are not suited for. Let me do an example: If you are fast enough you may take all the weak references as buy or short entries. Now, let's say I'm going to write: short here at, long here at, any time one of this minor weak refs looks to work for me. And let's say a trader that is used to marry a position try to follow my style: in these cases a trader should be fast enough to quickly entry but olso fast enough to...

VERY GOOD AGAIN.
You have the aura of a leader and it is the thing that influence others to follow your trail. Keep up with your honesty and realistic manner of information sharing; it will take you to places. Such as Law of attraction (good follow good ), karma ( What goes around comes around )and so on.

.
  • #435,894
  • Aug 5, 2016 5:48am Aug 5, 2016 5:48am
Quoting yuddy
any Fx prophet in the house? who can really and truely say what the NFP data gotta be, with technical explanation? let the debate begin
You first! And let's see how many will contribute.
  • #435,895
  • Aug 5, 2016 5:51am Aug 5, 2016 5:51am
Quoting Pip-Miner
E{quote} Cyborg may not even be profitable don't laugh lots them here who talk crap don't deliver
Why are you spouting off like that? Why make up assumptions? Personal attack or something?

FYI, I've been around for over 2 decades. I'd think I'm well in profit now if it's of any of your business.

I'd think these 3 days says it all.
Attached Image (click to enlarge)
Click to Enlarge Name: profitable.png Size: 57 KB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #435,896
  • Aug 5, 2016 5:53am Aug 5, 2016 5:53am
Quoting FXCyborg
{quote} Why are you spouting off like that? Why make up assumptions? Personal attack or something? FYI, I've been around for over 2 decades. I'd think I'm well in profit now if it's of any of your business. I'd think these 3 days says it all. {image}

I can definitely learn from you there M8...
Don't Leave Money on the Table
  • #435,897
  • Aug 5, 2016 5:55am Aug 5, 2016 5:55am
Quoting actionmoney
{quote} You first! And let's see how many will contribute.

Forecast is 180K and ADP came in a little lower so I'm gonna say 165K....
Don't Leave Money on the Table
  • #435,898
  • Aug 5, 2016 5:59am Aug 5, 2016 5:59am
Quoting actionmoney
{quote} VERY GOOD AGAIN. You have the aura of a leader and it is the thing that influence others to follow your trail. Keep up with your honesty and realistic manner of information sharing; it will take you to places. Such as Law of attraction (good follow good ), karma ( What goes around comes around )and so on. .

Thank you for your words, you are so kind, although I do not consider myself a leader.

Have a nice trading day.

PS: let's speak about today for a second: price went up, then down, then up etc. A non experienced trader maybe made a lot of efforts trying to go in some directions while market generated information were only saying "I'm over yesterday close for 4 periods, then I'm over yesterday unchanged for 6 periods, I'm accepting yesterday price, I'm doing nothing but retracing some of my emotional break of yesterday, if I'm going to do something I'm going to do it late in the session..."
Ubi maior minor cessat
  • #435,899
  • Aug 5, 2016 5:59am Aug 5, 2016 5:59am
Quoting actionmoney
{quote} I love the vibes.
Well if you ever get a chance to do Ibiza in the summertime then take it ..
  • #435,900
  • Aug 5, 2016 6:00am Aug 5, 2016 6:00am
So, before NFP we have:

1/ The daily onen price is at the low of Volume area of the previous day and has not been rejected lower. It is now coming in to the hidden gap area of 3168-3258.
2/ Statistically we can hit 32150 at least. Moreover we can see the upper prices that might fill the above gap.
3/ On the p.2 acceptance we also have very narrow initial balance of Asia, what say us the prices are about to have high volatility at NFP. The question is - WHERE is the price about to go to?
4/ Now I am staying long at least to approximately 32150. But I have a pending shorts at the previous price concentration of 3294, at the reference point of 3278 (mentioned by Lock) and a small part at 3255.
5/ However this potencial up-move might be fast. So watch out!

Best
D.P.
Hunting High and Low
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