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Cable Update (GBPUSD)

  • #447,501
  • Jan 20, 2017 12:12am Jan 20, 2017 12:12am
I know I know, it's Friday afternoon (here anyway), I've finished work and had a couple of Bourbons.

but really..!!!

These weekly and daily market charts are just sooo Fckued up.

The price action is just messed up

WTHN??
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 23 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 22 KB
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  • #447,502
  • Jan 20, 2017 12:16am Jan 20, 2017 12:16am
Quoting Ill-b-back
I know I know, it's Friday afternoon (here anyway), I've finished work and had a couple of Bourbons. but really..!!! These weekly and daily market charts are just sooo Fckued up. The price action is just messed up WTHN?? {image} {image}
There are no F..ed up charts, only good or bad trading decisions.
Plus there are 28 currency pairs to choose from, just for the 8 majors (USD EUR JPY GBP AUD CAD CHF NZD).
  • #447,503
  • Jan 20, 2017 12:23am Jan 20, 2017 12:23am
Quoting elbert3
Needs to hit somewhere 2329 and then up I would think 2317 ?? Would not want to see lower on 5 min . We are now on a new 4 hour and day candle on my charts
Guys all them posts and just look at one simple above post . Bounced at 29 now we have to clear the bear candle on the day as we are now trading up and down inside that day candle . Regards to you both you must of fell asleep zzzzzzzzzzz
  • #447,504
  • Jan 20, 2017 12:26am Jan 20, 2017 12:26am
I already posted what I think starting with the hourly earlier
but i labelled a chart what I see it doesn't say as I type is a bullish w1,you can add this to the tl I posted that price is respecting
at the
close it will be bullish w1 in all probability


Quoting Mr Breakout
{quote} Ok, so what is your plan then (buy/sell entry point, stop, take profit), if I may ask ?
Attached Image (click to enlarge)
Click to Enlarge Name: notes Screenshot 2017-01-20_06-23-07.png Size: 100 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,505
  • Jan 20, 2017 12:29am Jan 20, 2017 12:29am
but its overbrought ,w1 could have upper wick still be bullish
still be possible double bottom
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,506
  • Jan 20, 2017 12:38am Jan 20, 2017 12:38am
Looking at 4 hour was 2370 another inside pullback watch any shorts here
  • #447,507
  • Jan 20, 2017 12:38am Jan 20, 2017 12:38am
Quoting Bones
but its overbrought ,w1 could have upper wick still be bullish still be possible double bottom
The problem with these bigger time frames is that they require a bigger stop.

Personally a stop bigger than 50 pips is a no-no for me, no matter how good the trading setup is.
  • #447,508
  • Jan 20, 2017 12:44am Jan 20, 2017 12:44am
Quoting Mr Breakout
{quote} There are no F..ed up charts, only good or bad trading decisions. Plus there are 28 currency pairs to choose from, just for the 8 majors (USD EUR JPY GBP AUD CAD CHF NZD).
You're trying to talk sense to a mildly drunk man.

I suggest you make better use of your time lol...

Just jokes brother...

Come with me if you want to live....
  • #447,509
  • Jan 20, 2017 12:46am Jan 20, 2017 12:46am
Quoting elbert3
Looking at 4 hour was 2370 another inside pullback watch any shorts here
Will do Elbert3, thanks for the info.
  • #447,510
  • Jan 20, 2017 12:47am Jan 20, 2017 12:47am
Quoting Ill-b-back
{quote} You're trying to talk sense to a mildly drunk man. I suggest you make better use of your time lol... Just jokes brother...
Hahahaha, good one !
  • #447,511
  • Jan 20, 2017 12:47am Jan 20, 2017 12:47am
yea ,you can just try pick up what's happening then drop down to wherever


Quoting Mr Breakout
{quote} The problem with these bigger time frames is that they require a bigger stop. Personally a stop bigger than 50 pips is a no-no for me, no matter how good the trading setup is.
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,512
  • Jan 20, 2017 1:00am Jan 20, 2017 1:00am
Quoting Bones
yea ,you can just try pick up what's happening then drop down to wherever {quote} {image}
Yes I know my friend, but contrary to popular belief, using different time frames (like the daily charts for trend, the 4 hour for confirmation and the 1h for trade entry) does not necessarily generate better trading signals, far from it.

This top-down approach has been popularized by many authors, including best-seller author Alex Elder in his now famous "Trading for a Living" book.

However, from my own experience I can tell you that this idea ONLY adds even more confusion to our day to day trading activity!

That's why I always trade with one time frame and one time frame only.
  • #447,513
  • Jan 20, 2017 1:01am Jan 20, 2017 1:01am
Quoting Mr Breakout
{quote} Hahahaha, good one !
Maybe something like this for boundaries to work with.

WTFK...?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 27 KB
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  • #447,514
  • Jan 20, 2017 1:06am Jan 20, 2017 1:06am
Quoting Ill-b-back
{quote} Maybe something like this for boundaries to work with. WTFK...? {image}
Morning I thought you you were having tea and
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 443 KB
  • #447,515
  • Jan 20, 2017 1:13am Jan 20, 2017 1:13am
Quoting elbert3
{quote} Morning I thought you you were having tea and image.png;2148066 {image}
OMG, just tell me where and when



Come with me if you want to live....
  • #447,516
  • Jan 20, 2017 1:15am Jan 20, 2017 1:15am
Quoting Mr Breakout
{quote} With all due respect Aleksbuk, after watching your videos all you are basically saying (using different time frames and with a few exceptions) is that the cable could go up ...or down. It would be more interesting and informative to hear stuff like "I am buying here, my stop is here, my take profit is here and here is the logic behind my decision." Or, "I am currently flat until I get a valid trading signal".
Look my before video. I have said it many times. But usually i take my position on more less time-frame and wait confirmation by my trade algorithm. And all this just forecast, just my opinion, for open position you should have head on your shoulders and trade by your trade system. By the way in my video "trade journal" i show and explain my trade! Example:
Inserted Video
  • #447,517
  • Jan 20, 2017 1:17am Jan 20, 2017 1:17am
Quoting Ill-b-back
{quote} OMG, just tell me where and when
Lol hic
  • #447,518
  • Jan 20, 2017 1:19am Jan 20, 2017 1:19am
Quoting elbert3
{quote} Morning I thought you you were having tea and image.png;2148066 {image}
Nah, our mildly drunk Australian friend is probably having one of these
Inserted Video


Alright, let's get back to work...
  • #447,519
  • Jan 20, 2017 1:22am Jan 20, 2017 1:22am
Quoting elbert3
{quote} Lol hic
you wouldn't believe it,

3 strong Bourbons (reaching for number 4) and I haven't even bathed the kids yet

Let's hope they don't drown...
Come with me if you want to live....
  • #447,520
  • Jan 20, 2017 1:24am Jan 20, 2017 1:24am
Quoting Mr Breakout
{quote} Nah, our mildly drunk Australian friend is probably having one of these https://www.youtube.com/watch?v=ngpPfTL-p-E Alright, let's get back to work...
yeah, smoehtnig like that..

Come with me if you want to live....
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