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Cable Update (GBPUSD)

  • #455,861
  • Oct 19, 2017 9:58am Oct 19, 2017 9:58am
I know for a fact that red line is good till it breaks
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  • #455,862
  • Oct 19, 2017 10:03am Oct 19, 2017 10:03am
in danger now on pa
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  • #455,863
  • Oct 19, 2017 10:04am Oct 19, 2017 10:04am
or down to major line next week
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  • #455,864
  • Oct 19, 2017 10:08am Oct 19, 2017 10:08am
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  • #455,865
  • Oct 19, 2017 10:18am Oct 19, 2017 10:18am
lets see

Quoting Bones
eur gbp is in the kill zone ive had another go at support {image}
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  • #455,866
  • Oct 19, 2017 10:37am Oct 19, 2017 10:37am
Quoting Bones
lets see {quote} {image}
Momentum of this down move says double top in place at 93##, to me at least , I don't trade it though
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  • #455,867
  • Oct 19, 2017 12:06pm Oct 19, 2017 12:06pm
The pair lost some gains this week. I think the bullish run will continue.
  • #455,868
  • Oct 19, 2017 12:16pm Oct 19, 2017 12:16pm
Quoting arigoldman
The pair lost some gains this week. I think the bullish run will continue.
If today roll at 13150 ish looks like 1.3 on the cards
  • #455,869
  • Oct 19, 2017 3:31pm Oct 19, 2017 3:31pm
My uneducated view.

Attached Image (click to enlarge)
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I'm happy to switch to bulls though
  • #455,870
  • Oct 19, 2017 5:10pm Oct 19, 2017 5:10pm
Quoting Bones
I know for a fact that red line is good till it breaks {image}
What on earth does that mean?

Every line is a good line until it breaks.
  • #455,871
  • Oct 19, 2017 5:13pm Oct 19, 2017 5:13pm
Quoting Nala66
{quote} What on earth does that mean? Every line is a good line until it breaks.
Short and perfect advise
  • #455,872
  • Oct 19, 2017 7:08pm Oct 19, 2017 7:08pm
painting charts after isn't any good
your saying in the most volatile day you took all the move each way
one of us puts his neck on the line every time
at the time
that's what it means...

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...
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  • #455,873
  • Oct 19, 2017 7:23pm Oct 19, 2017 7:23pm
you made loads of changes your great chart
then said you posted it before 5 pages back
I could build this chart as I did it from posts
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  • #455,874
  • Oct 19, 2017 7:26pm Oct 19, 2017 7:26pm
that same red tl is there

Quoting Bones
I can only make one up line and that's res ,I know that one is very good {image}
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  • #455,875
  • Oct 19, 2017 8:02pm Oct 19, 2017 8:02pm
don't underestimate the box
buyers there this week


Quoting VictorFaria
{quote} Short and perfect advise
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  • #455,876
  • Oct 19, 2017 8:07pm Oct 19, 2017 8:07pm
Quoting Bones
don't underestimate the box buyers there this week {quote}
When i said Short it's not Short on Trading, is relating to the Advise (minimum words telling many things).
Actually i'm waiting the Bears get a little bit more tired to start my buys
  • #455,877
  • Oct 19, 2017 8:08pm Oct 19, 2017 8:08pm
Quoting Bones
you made loads of changes your great chart then said you posted it before 5 pages back I could build this chart as I did it from posts {image}
Sorry about the delay I was a tad busy.

I didn't make any changes only additions because someone asked a question.

That second trade up was when I was asleep. I was expecting to either be in profit or stopped out, the surprise to me was it went straight up to my TP in a hurry.

There is no point in my posting charts, they are too complex without a long winded explanation. I tried to break it all down into short stories but I am wasting my time
  • #455,878
  • Oct 19, 2017 8:10pm Oct 19, 2017 8:10pm
Quoting VictorFaria
{quote} Actually i'm waiting the Bears get a little bit more tired to start my buys
Funny thing I am waiting for the exact opposite
  • #455,879
  • Oct 19, 2017 8:18pm Oct 19, 2017 8:18pm
Quoting Nala66
{quote} Funny thing I am waiting for the exact opposite
Well, in my point of view, it's relative.. depends of which time frame you are looking and how your are trading my friend.
I dont know the future, i trade probabillities, so if the probabilities are not in my favour i simple did not trade, it is what i'm doing now on this pair, not trading.. waiting to see what the market will bring to me and if it will suit with my rules.
If, only if it suit's as i'm expecting, i will enter as my statment, if not, no trade at all.
  • #455,880
  • Oct 19, 2017 8:20pm Oct 19, 2017 8:20pm
Bones here is a 1 hour chart with a whole pile of trend lines... some break good and some don't.

Some have specific references to triangle breaks which are of interest to me.

Currently I am waiting for a breakout at X to take it down to d

I entered the trade at c but closed it because it was messing about.
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