DislikedWhile you guys are wasting time talking pure bullcrap, GBPUSD is quietly going back up.....Ignored
Pretty good run for a 30 minute window....guess they took advantage of any brokers who close at 4:30est....
HOLLA
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DislikedWhile you guys are wasting time talking pure bullcrap, GBPUSD is quietly going back up.....Ignored
DislikedHi all..i sell the gbp (2.0020)..from the top..and now wait for the confirmation of pinbar (around 1.9982)..break or not? let's flip the coin again.If it break then i'll move my sl to bep and trail the profit.Ignored
Dislikedhi all!
i m newb here but i have beem seen this topic long time ago. I had some fun with some gyus but i realy leran a lot here.
ut2....for now i am seeing in stoc, macd and others lines, a retrecement, but i really aprecciate with another opinion. Tks!Ignored
DislikedSaying "it should go UP - just wait few time" and throwing in a couple of off the wall price targets is NOT analysis - it's pure speculation. A five year old could do better.Ignored
DislikedYou know you could use constructive criticism SubDude instead of destructive criticism. Try asking him to show some of his analysis maybe he's done his homework and is just trying to give you the narrated version.Ignored
DislikedThere always has to be a reason, guessing is gambling.
As I said before, there were many reasons for taking that trade, even with people here saying long was the way to go (I don't listen anyway, I read this stuff for entertainment, as trading is boring.)
There has to be a confluence of reasons for taking a trade. Okay here's what I saw....
--TmanIgnored
DislikedAccording to what I see the down trend is over, looking at daily. 1.9755 was the low for this down trend that started 9 Nov. Long term we are going up to at least 2.08xx by end Jan begin Feb. British economy has problems now but US has bigger problems. That is Fundamentally my reasoning but technically on fibo 2.0287 is first stop. So for me it will be long all the way with long term and scalping the bounce short term.
(And yes I do have a cristal Ball)
Happiness, peace and lots of pips to all for 2008Ignored
DislikedThe other main reason was that there was divergence between MACD and price on the 5, 15, and 60 min levels.
--TmanIgnored
DislikedThank you so much for your insightful comments. It really helps.
Talking about the divergence between MACD and price on 15 min timeframe, which two peaks should we compare? I see the MACD value @2.0023 is higher than the immediately previous peak (the one 3 hours before), but lower than the peaks on the day before, and therefore I was thinking I could see another higher price than 2.0023. I know I was wrong but could anyone explain it in a little more detail?Ignored
DislikedOkay, here's a picture. I used the two MACD swings you mentioned, and ignored the little blip at about 7:30 on my pic.
You have to be careful with it, It looks great after the fact, but look closely there was divergence whenever price was above about 1.9965, and it continued to the top at 2.0020. Divergence can disappear when it does not play out and price continues against it. In this case it added to the confluence of the Tweezers Top and Upper Bollinger Band breach to signal a good short entry...yes, I probably got in a little early and didn't wait for a clearer confirmation. Also, as far as I know MACD divergence doesn't help to project how far price will go.
Also notice in the pic something call MACD neutralization. Not the best example, but okay. Price and MACD moved up, then MACD moved back to the zero line (netralized) while price was pretty much flat, then price moved up higher, but MACD didn't move as high as the previous move This pattern happens a lot and creates the Divergence like it did here. You just have to look for it, its a moneymaker. Of course it all works the same if flipped over. Look at stockcharts.com for a good read on MACD.Ignored