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Cable Update (GBPUSD)

  • #455,481
  • Oct 11, 2017 5:23pm Oct 11, 2017 5:23pm
Quoting Mr.yen
I need adrenaline {image}
I can't find the reason for your trade it seems you took it very late... however be lucky
  • #455,482
  • Oct 11, 2017 5:32pm Oct 11, 2017 5:32pm
broke free
the weekly is bullish because it came this far ,it would only change to another bullish ,but were on the same page which is cool


Quoting Nala66
{quote} Well that's me done for the day... got three trades on and easily got my TP. Bones I don't see the daily as an issue at all yet because neither the bulls nor the bears have support there yet. The last support on the highest time frame was on the 4 hour and that says long. So we simply trade all the supports on the lower time frames
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  • #455,483
  • Oct 11, 2017 5:34pm Oct 11, 2017 5:34pm
Quoting Nala66
{quote} I can't find the reason for your trade it seems you took it very late... however be lucky
i don't need reason ...thank you my friend. i need luck in every trade
wee will see later
  • #455,484
  • Oct 11, 2017 5:46pm Oct 11, 2017 5:46pm
I think I have same as you roughly 13174 on mine ,but it's not going there today

Quoting Nala66
{quote} Well that's me done for the day... got three trades on and easily got my TP. Bones I don't see the daily as an issue at all yet because neither the bulls nor the bears have support there yet. The last support on the highest time frame was on the 4 hour and that says long. So we simply trade all the supports on the lower time frames
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  • #455,485
  • Oct 11, 2017 5:51pm Oct 11, 2017 5:51pm
ill put my neck on line this is next
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  • #455,486
  • Oct 11, 2017 5:56pm Oct 11, 2017 5:56pm
Quoting Bones
broke free the weekly is bullish because it came this far ,it would only change to another bullish ,but were on the same page which is cool {quote} {image}
Gee now you have moved onto the weekly.... I deal with the 1 minute, small fish not...

Here was my trades (roughly)

Entries made on the closing breaks of the bull supports ( the bears are not letting the bulls get started.)

The two blue lines were more options but I had enough risk in the trade.

The stops were at the low average because if this breaks it could be costly. I could have easily been stopped out but that is always the risk.
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  • #455,487
  • Oct 11, 2017 5:58pm Oct 11, 2017 5:58pm
Quoting Bones
ill put my neck on line this is next {image}
thank you for your ideas
people leave, but this thread will go on for ever
  • #455,488
  • Oct 11, 2017 6:01pm Oct 11, 2017 6:01pm
Now when we look at the chart and THINK the trade we see bears making lower lows and the EMA moving down so we THINK bearish.

The market is a past master in forming traps like these...the powers that be want people to short.
  • #455,489
  • Oct 11, 2017 6:02pm Oct 11, 2017 6:02pm
Quoting Nala66
{quote} Gee now you have moved onto the weekly.... I deal with the 1 minute, small fish not... Here was my trades (roughly) Entries made on the closing breaks of the bull supports ( the bears are not letting the bulls get started.) The two blue lines were more options but I had enough risk in the trade. The stops were at the low average because if this breaks it could be costly. I could have easily been stopped out but that is always the risk. {image}
same like you this my reason
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  • #455,490
  • Oct 11, 2017 6:20pm Oct 11, 2017 6:20pm
forward thinking how it will close
1 min no way could I bother maybe one day ill see the sense

bears cannot change the outlook I read as we go all the time I've seen it done , bears have failed gap up then up off support
so we could have upper wick =yes
but probability says no way can bears break lower this week and maybe next

the size of the failure matters


Quoting Nala66
{quote} Gee now you have moved onto the weekly.... I deal with the 1 minute, small fish not... Here was my trades (roughly) Entries made on the closing breaks of the bull supports ( the bears are not letting the bulls get started.) The two blue lines were more options but I had enough risk in the trade. The stops were at the low average because if this breaks it could be costly. I could have easily been stopped out but that is always the risk. {image}
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  • #455,491
  • Oct 11, 2017 6:25pm Oct 11, 2017 6:25pm
because right now
those who are working bearish have to think again
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  • #455,492
  • Oct 11, 2017 6:55pm Oct 11, 2017 6:55pm
Quoting Bones
because right now those who are working bearish have to think again
I'm not sure now because the 1 hour rejected the 3257 bear support and the 1 minute is trying for bear support also.

To me this is a wait until bear support is broken
  • #455,493
  • Oct 11, 2017 7:05pm Oct 11, 2017 7:05pm
you mean bear res?

Quoting Nala66
{quote} I'm not sure now because the 1 hour rejected the 3257 bear support and the 1 minute is trying for bear support also. To me this is a wait until bear support is broken
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  • #455,494
  • Oct 11, 2017 7:33pm Oct 11, 2017 7:33pm
Quoting Bones
you mean bear res? {quote}
No bear support... there you go it is broken back to longs again maybe

Oh sorry it was broken ages ago while I was playing out in the garden
  • #455,495
  • Edited 7:54pm Oct 11, 2017 7:43pm | Edited 7:54pm
Resistance... This is just the opposite side of a support.

So price FINDS support but MEETS resistance on the way back

On the 1 minute chart I showed earlier the bear supports were overcome so any resistance was taken out by the bulls.

With the 1 minute out of the way the bulls should easily break this 1 hour support 3257.

I don't know why they have had to use two supports to take a run at it.
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  • #455,496
  • Oct 11, 2017 8:27pm Oct 11, 2017 8:27pm
1.3344 Pocket to close, unless its going to push right through upwards, it looks weak now, maybe a pullback first
  • #455,497
  • Oct 11, 2017 8:32pm Oct 11, 2017 8:32pm
H1 cleared the downtrend line but I am not certain if it has found support yet, a good support will eventually push it way up... lets see
  • #455,498
  • Oct 11, 2017 8:56pm Oct 11, 2017 8:56pm
Quoting Nala66
{quote} This is the wrong thing to do...do not think trades
Hello Mate,
Well, i dont know if exist right or wrong exact way, one thig i have 100% sure is no one knows what can happen next..
What i know is about probabilities, and i know my Edge.. and them is enought to make money, this is what i know
  • #455,499
  • Oct 11, 2017 8:57pm Oct 11, 2017 8:57pm
Quoting Trade-G
H1 cleared the downtrend line but I am not certain if it has found support yet, a good support will eventually push it way up... lets see
It is adamant to push up then higher timeframe could have taken over...
  • #455,500
  • Oct 11, 2017 9:09pm Oct 11, 2017 9:09pm
very high probability ill bring a h4 just as I showed it
h1 is false bear if anyone reads that

Quoting VictorFaria
{quote} Hello Mate, Well, i dont know if exist right or wrong exact way, one thig i have 100% sure is no one knows what can happen next.. What i know is about probabilities, and i know my Edge.. and them is enought to make money, this is what i know
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