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-   -   Cable Update (GBPUSD) (https://www.forexfactory.com/thread/10378-cable-update-gbpusd)

joesherwood Jul 6, 2020 3:42pm | Post# 533301

{quote} Cheers, any preference of the type of MAs for the 15 mins chart?
dm me

spijack Jul 6, 2020 3:56pm | Post# 533302

{quote} Oki Doki, I do not have sell confirmation at all, but do suspect at some point for my weekly pivot at 1.24173 to be tested. All buy trades locked in. At any rate, will update when I get sell confirmation. Have a great week Cheers. {image}
would you mind sharing your template and indicator?

SFundamental Jul 6, 2020 4:02pm | Post# 533303

{quote} of course you dont need to know where the market is going to make money...but this situation with gbpusd, looks like play, to make more pain for shorts, and encourage buyers to believe..
of course you dont need to know where the market is going to make money...

I prefer to have a destination- but sometimes its candlesticks that get in the way

but this situation with gbpusd, looks like play, to make more pain for shorts, and encourage buyers to believe

I believe its mainly its dollar selling (because bond holders looking for new destinations for their cash due to the rubbish yields they are getting on US Treasuries (according to Goldman Sachs)).

goldencalf Jul 6, 2020 4:33pm | Post# 533304

{quote} of course you dont need to know where the market is going to make money... I prefer to have a destination- but sometimes its candlesticks that get in the way but this situation with gbpusd, looks like play, to make more pain for shorts, and encourage buyers to believe I believe its mainly its dollar selling (because bond holders looking for new destinations for their cash due to the rubbish yields they are getting on US Treasuries (according to Goldman Sachs)).
One guy called fundamentals-funny mentals...I think enough I got enough experience,to believe,that nothing exist behind chart...Tudor said that look for techinicals,and fundamentals will follow. How do you use fundamentals in trading?is any good book? Do you do you own research,for example about inflation or other statistics?

Wavegarrick Jul 6, 2020 4:38pm | Post# 533305

{quote} would you mind sharing your template and indicator?
Hi Spijack,

If you look at my profile attachments you will find the basics you need. Having said, it is not just putting a system together and you trade it successfully. I have always posted live trades here on FF and if anyone was following they could have put two and two together and learnt from my system. I did have requests to open a thread. I just do not have the time and energy to manage a thread at the moment. I have spent years doing just that and you will find my life's work at Stevehopwoodforex.com, a free forum. All you need is there.

Hope it helps
Cheers.

Roszey Jul 6, 2020 6:26pm | Post# 533306

Slow day.. Daily average range not achieved. . Well market things

Theoak Jul 6, 2020 6:28pm | Post# 533307

Slow day.. Daily average range not achieved. . Well market things
Friday was painful

SFundamental Jul 6, 2020 7:08pm | Post# 533308

{quote} One guy called fundamentals-funny mentals...I think enough I got enough experience,to believe,that nothing exist behind chart...Tudor said that look for techinicals,and fundamentals will follow. How do you use fundamentals in trading?is any good book? Do you do you own research,for example about inflation or other statistics?

.

There are people here earning 3-5% per day using Bollinger bands and moving averages.
How cool is that. Personally- I would use that

Otherwise:-

Checkout Jarratt Davis's stuff on youtube.
Initially, its a case of ignoring the charts and getting fundamentally in sync with whatever pair you are going to trade.
If you want to learn more in-depth stuff for day to day trading - there is a paid course I know, but its expensive and its heavy going.

Georginson Jul 6, 2020 7:11pm | Post# 533309

Slow day.. Daily average range not achieved. . Well market things
I slept early due to the snail movement of the price. Slow start to the second half of the year, the expected July madness is gradually unfolding Where traders will be gradually getting used to small ranges and boom a weird big range will happen without giving notice. Adaptation and caution is the way forward this July.

Roszey Jul 6, 2020 7:14pm | Post# 533310

{quote} Friday was painful
I can relate

msniper Jul 6, 2020 7:16pm | Post# 533311

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trumps Jul 6, 2020 8:47pm | Post# 533312

Cowabunga,
Bulls showing more force.
1.26 on near horizon.

navk Jul 6, 2020 9:02pm | Post# 533313

FROM 2517 to 2463 or below 2437 today. stop 2519.

I am short.

If this level breaks, i will short in London

msniper Jul 6, 2020 9:21pm | Post# 533314

i am long GU 1.2502 SL 1.2410 TP open but might be 1.277x

navk Jul 6, 2020 9:46pm | Post# 533315

FROM 2517 to 2463 or below 2437 today. stop 2519. I am short. If this level breaks, i will short in London
made a quick and good money from shorting at 2515/17

ongtrumvn99 Jul 6, 2020 9:51pm | Post# 533316

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ongtrumvn99 Jul 6, 2020 9:52pm | Post# 533317

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navk Jul 6, 2020 9:54pm | Post# 533318

Re entered short again at 2496.

will add more shorts until 2510.

Patience is needed to reach to 2437 S2 level today.

FirSt target 2466 S1.

ongtrumvn99 Jul 6, 2020 10:04pm | Post# 533319

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Moty Jul 6, 2020 10:32pm | Post# 533320

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