I will use this to teach psychology

---

1. Is there a breakout? Certainly YES (reason I longed it)
2. Are we certain it might be a false break? Certainly NO. (This is FX, we can't control this NOW)
3. But the greatest question is: Should you trade it and expect whatever happens OR don't trade it to avoid a false breakout? Well, we have power to control the now but not the then. I would rather prefer to be available in the market with my SL when it goes my way and not lost the opportunity, than not being in a trade because I wanted to avoid a false breakout (which I have no power to control).

I prefer to be in the game when the opportunity comes and not to chase the market when that happens.

karkinase:

might be a false break. with different news on GBP tomorrow, one cant be so sure of the breakout.

klinksd:

From a H1 perspective, I would be looking at 1766-1767 zone for a bullish momentum towards 1794-1795 zone before springing to 1857-1858...these moves may last into next week, so expect some ranging.

@GabsonFX, my Oga...your thoughts/input will be appreciated.

GabsonFX:
I will use this to teach psychology

---

1. Is there a breakout? Certainly YES (reason I longed it)
2. Are we certain it might be a false break? Certainly NO. (This is FX, we can't control this NOW)
3. But the greatest question is: Should you trade it and expect whatever happens OR don't trade it to avoid a false breakout? Well, we have power to control the now but not the then. I would rather prefer to be available in the market with my SL when it goes my way and not lost the opportunity, than not being in a trade because I wanted to avoid a false breakout (which I have no power to control).

I prefer to be in the game when the opportunity comes and not to chase the market when that happens.

Absolutely no dispute. I'm here to share knowledge, to show my charts and explain my rationale to my pure price action trading.

what if it is actually a fake breakout? well, until the market says so. And what if it goes against me, well, I will dance like david danced cos I will get it in multiples.

karkinase:

The market is king, let's see how this pan out.

GabsonFX:
I will use this to teach psychology

---

1. Is there a breakout? Certainly YES (reason I longed it)
2. Are we certain it might be a false break? Certainly NO. (This is FX, we can't control this NOW)
3. But the greatest question is: Should you trade it and expect whatever happens OR don't trade it to avoid a false breakout? Well, we have power to control the now but not the then. I would rather prefer to be available in the market with my SL when it goes my way and not lost the opportunity, than not being in a trade because I wanted to avoid a false breakout (which I have no power to control).

I prefer to be in the game when the opportunity comes and not to chase the market when that happens.

SystemBet:

Trade what you see rather than what you feel

GabsonFX:
I trade what I see, reason for my charts analysis....how does that say otherwise?

SystemBet:


Trade what you see rather than what you feel

dmahn:
Pls any valid fx signal group?

Elliotwaveforec:
False breakout
Short BTC 32700 SL 33325 TP 24600

TradeFoePips:


Here's my analysis on BTCUSD

Elliotwaveforec:


Can you share what you see? Because I haven't seen one from you

SystemBet:


I only emphasised on what you wrote

GabsonFX:
Then your emphasis is completely wrong!

SystemBet:


Trade what you see rather than what you feel

SystemBet:


Please explain your first and second points.....

You saw a break out (reason for your buy)
Did you see a false break out? No

So you bought based off what you saw.
Why I said what I said....finito

GabsonFX:
See the bolded and your quote: do they tally?

SystemBet:


Trade what you see rather than what you feel

GabsonFX:
Now I get what you meant: This statement could be digested in both ways.
1. It could mean a direct sentence to my quote telling me that I traded what I felt and not what I saw, reason why I corrected you that I always trade what I see, reason for my charts analysis, and not what I feel.

2. It could also mean an excerpt of my quote, a summary/conclusion; but you never specified.

You could have just quoted karkinase and not me to avoid confusion.....anyways, I see you meant No. 2 when directed to me, but No. 1 when directed to karkinase

karkinase:

imho, i think gold should be avoided ...cos it lacks direction @ present.