anilmangal
Short

GBPUSD looking for a sell setup.

FX:GBPUSD   British Pound/U.S. Dollar
1583 31 125
The GBPUSD             is still in consolidation, now looking more down than up .
I will be selling on break and lower degree consolidation.
At this point an am expected to tell you the the GBP is weak because of this or that and i am expecting this person to say bla bla and that some fundamental indication is showing ;;;;;;; because the Chinese stock market is going crazy and the USD is bla bla ... well guess what , I DON'T KNOW A THING ABOUT ALL THOSE STUFF and I doubt anyone here knows.
I look at the charts for patterns that has a HIGH PROBABILITY of going one way or the other (based on past studies) and if it does that I take the trade with a good Risk management.

Like if you agree.
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Training : add to skype mangal457
Heh, Heh! Absolutely love it! including the set-up!
+1 Reply
do you use MACD on every timeframe on every pair?
+1 Reply
anilmangal TOP technicaltrade
yes i do
+2 Reply
technicaltrade anilmangal
okay, do you use only MACD of indicator? or mby you use EMA too ?
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anilmangal TOP technicaltrade
NO MA , NO Support & Resistance, NO Pin bars etc.. just Patterns with 70-90% probability of repeating it's self .
+2 Reply
technicaltrade anilmangal
tnx anil, so you only use lines and MACD? if I understood you right
+1 Reply
anilmangal TOP technicaltrade
I have posted about 275 charts ,please check them out and you will get the answer to your question .
+3 Reply
Very nice
+2 Reply
GBPUSD LOOKING FOR A BUY.

as one of the possible options
+1 Reply
Nice Anil. High possible break down of this triangle
+1 Reply
Haha nice Anil, I like your way of technical Trading without any View on Fundamentals! :-)
+1 Reply
Thank you. I don't like to talk about things i have no knowledge of .
+2 Reply
P_Parker anilmangal
Right! Your technical Way is awesome, thanks for your inspiration :-)
+1 Reply
hey Anil, and there is a wedge developing on daily chart
snapshot
+1 Reply
anilmangal TOP farid_ardavani
Thanks for sharing
+1 Reply
hi
are you sure it is a raising wedge and not a ascending triangle?
Reply
Thank you
Reply
i am new i start forex, anyone can tell me, how i understand this chart, i make personally
Reply
#anilmangal give me any tip or trick
Reply
anilmangal TOP AbdulWasayChandio
Yes, i can give you tip - Do not risk your money until you understand what the trade is.
+2 Reply
I like the way your thinking Anil.
+1 Reply
anilmangal TOP sag.deconinck
Thank you .
+1 Reply
It always great to see other strategies and then to compare. Sharing ideas is great in this lonely traders life.
+2 Reply
Anil, how was the yellow color upper trendline resistance is plotted. In my chart when I plot it like yours, it goes through waves, instead of connecting high or low points. Any tips?
Reply
fxmillions fxmillions
Btw, I have a long bias according to my analysis on the Daily. Any thoughts?
+1 Reply
PMI in few mins.
Reply
If we get that break of 1.5460's then il wait for a pull back into structure and short this down to at least 1.5350's

Good work Anilmangal
Reply
anilmangal TOP SmartTradingFX
yes ,but we in the trading room already sold the break of 15 min bear flag inside the consolidation .
+2 Reply
anilmangal TOP SmartTradingFX
don't forget to click the thumbs up if you agree with the idea.
+1 Reply
If this breaks, what is your profit target? By the way, great chart! You always do great work.
Reply
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