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Cable Update (GBPUSD)

  • #455,661
  • Edited 1:20pm Oct 12, 2017 1:08pm | Edited 1:20pm
check yourself up tl
market works to lines ok
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #455,662
  • Oct 12, 2017 1:52pm Oct 12, 2017 1:52pm
Attached Image


Missed a little bit of the move but got most of it. Joys of being at work.
  • #455,663
  • Oct 12, 2017 5:44pm Oct 12, 2017 5:44pm
Well that was an outstanding days work making up for my weeks holiday. Days like this are not common at all...

I traded the down-move whilst awake and the up-move while I was asleep.

Hope this chart helps answer your questions

For those following this...

1) Red is Bear Support

2) Green is Bull Support

3) Yellow dashed are resistance levels

I watch the 1 min, 5 min, 1hr and 4 hr all the time and check the higher time frames on occasion.

The trade setup is shown here below. The idea is to get either bullish or bearish support then get the trade on as close as you can to the resistance which is the stop.

In other words measure from your entry to the resistance is your percentage risk. Once the trade is underway there is nothing wrong with adding more to really boost the account but give these additions their own risk reward stops. The up-move yesterday wouldn't have given you much of a chance to add, that 5 min bar ran the course without taking a breath.

I am not going to post anymore unless I get a question, I have given plenty of info on how I trade this way. There are many other ways, some good and some not so good. We all find our way eventually if we persist in learning our craft.

Happy and prosperous trading everyone.
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  • #455,664
  • Edited 6:07pm Oct 12, 2017 5:54pm | Edited 6:07pm
Quoting Bones
over the line is bullish to next level{image}
Hi Bone,
Daily demand has been tested price pullback more then opening daily and close above ... strong bullish to test the previous higher high at 1.36 area...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 35 KB


GJ also same tested the previous bko resistance, and now flip to the demand area ... look like Strong S/R Area
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily2.png Size: 37 KB




cheers
  • #455,665
  • Edited 8:19pm Oct 12, 2017 7:55pm | Edited 8:19pm
Attachment g
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #455,666
  • Oct 12, 2017 8:02pm Oct 12, 2017 8:02pm
ok you have to say at the time

Quoting Nala66
Well that was an outstanding days work making up for my weeks holiday. Days like this are not common at all... I traded the down-move whilst awake and the up-move while I was asleep. Hope this chart helps answer your questions For those following this... 1) Red is Bear Support 2) Green is Bull Support 3) Yellow dashed are resistance levels I watch the 1 min, 5 min, 1hr and 4 hr all the time and check the higher time frames on occasion. The trade setup is shown here below. The idea is to get either bullish or bearish support then get the trade on...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #455,667
  • Oct 12, 2017 8:03pm Oct 12, 2017 8:03pm
interesting thread
  • #455,668
  • Oct 12, 2017 8:13pm Oct 12, 2017 8:13pm
pointless coming in after the fact ,or doing what Lock does talk multi levels
if you want to talk trades then you'd need to be specific at the time
I could mark charts up all day long afterwards
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #455,669
  • Oct 12, 2017 10:21pm Oct 12, 2017 10:21pm
still survive from yesterday
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.png Size: 19 KB
  • #455,670
  • Oct 12, 2017 11:46pm Oct 12, 2017 11:46pm
Quoting Bones
pointless coming in after the fact ,or doing what Lock does talk multi levels if you want to talk trades then you'd need to be specific at the time I could mark charts up all day long afterwards
Bones I showed you 5 pages back.

Once the bulls find support they they go for the bear support... how hard can this be to understand


Quoting Nala66
Look how price precisely breaks and retest the resistance and it has also taken out the bull support from the bear support {image}
  • #455,671
  • Oct 13, 2017 12:45am Oct 13, 2017 12:45am
Inserted Video
  • #455,672
  • Oct 13, 2017 2:03am Oct 13, 2017 2:03am
1.3316 scalp short +10tp/-25sl
Let the market come to you, patience is the key !
  • #455,673
  • Oct 13, 2017 2:38am Oct 13, 2017 2:38am
looking to trade against 3434 or 3243, also eyeing 149.56 in GJ just to see if I can get in some trouble...
Look Sharp/Trade Tight
  • #455,674
  • Oct 13, 2017 2:52am Oct 13, 2017 2:52am
Quoting smokjr
1.3316 scalp short +10tp/-25sl
out +6
Let the market come to you, patience is the key !
  • #455,675
  • Oct 13, 2017 3:21am Oct 13, 2017 3:21am
Even one word can be more power full than a host of thoughts after the event .. Direction
But seems to be a lot of hey look at me after the event of course going on around here Again ..
But then whats new lol ..
  • #455,676
  • Oct 13, 2017 4:54am Oct 13, 2017 4:54am
Nala you can't possibly expect people to follow that

Quoting Nala66
{quote} Bones I showed you 5 pages back. Once the bulls find support they they go for the bear support... how hard can this be to understand {quote}
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #455,677
  • Oct 13, 2017 5:02am Oct 13, 2017 5:02am
Just watching the Retrace, Looking to Add Orders.
  • #455,678
  • Oct 13, 2017 5:04am Oct 13, 2017 5:04am
too much fluctuations.. just knock out all my stop losses..I think its just getting ready in positioning for US data..
  • #455,679
  • Oct 13, 2017 5:06am Oct 13, 2017 5:06am
if your saying something 5 pages back quote yourself ,if im saying something on the same page I link it together
that tf chart needs updating often no way can we learn it like that


Quoting Bones
Nala you can't possibly expect people to follow that {quote} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #455,680
  • Oct 13, 2017 5:12am Oct 13, 2017 5:12am
im linking it only because you can go check

Quoting Bones
no not really ,I already thought it would fail the box and said then the test the line that's what I see for the mo the weekly gapped up and has gone a long way north it could close there I wouldn't change my mind {quote} {image}
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
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