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Cable Update (GBPUSD)

  • #458,361
  • Mar 7, 2018 2:33am Mar 7, 2018 2:33am
Quoting Trade-G
{quote} Just curious why you are of your view both will give way?
Because there is way more pressure from the daily trendline. (Green line)
Attached Image
I'm high on trading, cant you tell?
  • #458,362
  • Mar 7, 2018 2:34am Mar 7, 2018 2:34am
Quoting 777girl
Maybe someone can help me with some question. I am pretty new to trading, I am using MA 192 and Stoch indicator. From Stoch indicator we see when there is too low or too high price, but this indicator doesn't work always - sometimes it will give breakouts. Could I please hear some reasons what is causing these breakouts and when should't I listen to Stoch indicator.
When your Stoch/RSI is high it may only be in your timeframe, the higher timeframe may be just above 50 ready for a charge up, hence it fail
  • #458,363
  • Mar 7, 2018 2:35am Mar 7, 2018 2:35am
Quoting 777girl
Maybe someone can help me with some question. I am pretty new to trading, I am using MA 192 and Stoch indicator. From Stoch indicator we see when there is too low or too high price, but this indicator doesn't work always - sometimes it will give breakouts. Could I please hear some reasons what is causing these breakouts and when should't I listen to Stoch indicator.
Your up against algo machnes just buying and selling all day and night ..
DO some research on algorythms in forex and you will find your answers ..
  • #458,364
  • Mar 7, 2018 2:48am Mar 7, 2018 2:48am
130 pips plus some change and done for the day ..
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  • #458,365
  • Mar 7, 2018 3:44am Mar 7, 2018 3:44am
Quoting Ill-b-back
{quote} Gap looks like it was closed by the wick of 5/6/16 to me. Sorry, I'm just trying to understand what you mean by closed. To me, the week of the 5/6/16 opened at price 1.44597 and had a high of 1.46591, hence closing the gap of the previous week before pushing back down. In any case, the gap was well and truly closed by the Brexit wick 2 weeks later {image}
I completely agree and don't put muck stock in them anyway, especially old ones.
  • #458,366
  • Mar 7, 2018 3:58am Mar 7, 2018 3:58am
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Regard NOOR16
  • #458,367
  • Mar 7, 2018 6:35am Mar 7, 2018 6:35am
no, it's not me it's in literature if you decide to read up rather than go learning by experience ,
that line is a perfect example of drawing a near perfect line wrong

Quoting Trade-G
{quote} According to Bones definition of trendlines, he might say yours not pretty hehehhehe
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,368
  • Mar 7, 2018 6:46am Mar 7, 2018 6:46am
looks like support and resistance overcomplicated maybe that's it

Quoting Nala66
{quote} Bones I think you are just pretending to be stupid after all you can draw a straight line so there must be some form of intelligence between those ears, unless you are missing an ear or something which would explain why you are only 50% listening. I don't say anything without having proven it over many years. Here is the current 1 hour chart, you can be in as much denial as you like but the facts here demonstrate the evidence. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,369
  • Mar 7, 2018 6:49am Mar 7, 2018 6:49am
I mean someone say if that line is not worked to
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,370
  • Mar 7, 2018 7:02am Mar 7, 2018 7:02am
Unfortunately, most forex traders don’t draw them correctly or try to make the line fit the market instead of the other way around.
https://www.babypips.com/learn/forex/trend-lines

Quoting Trade-G
{quote} According to Bones definition of trendlines, he might say yours not pretty hehehhehe
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,371
  • Mar 7, 2018 7:13am Mar 7, 2018 7:13am
the higher the tf the easier it is
less reference points , even a Q chart works within pips probably exact on a better feed
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,372
  • Mar 7, 2018 7:33am Mar 7, 2018 7:33am
Attachment g

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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,373
  • Mar 7, 2018 8:04am Mar 7, 2018 8:04am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,374
  • Mar 7, 2018 8:25am Mar 7, 2018 8:25am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,375
  • Edited 9:03am Mar 7, 2018 8:51am | Edited 9:03am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,376
  • Mar 7, 2018 9:16am Mar 7, 2018 9:16am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,377
  • Mar 7, 2018 6:19pm Mar 7, 2018 6:19pm
Yes Bones a properly drawn trend line is important, but do you think there are possibility of other trend lines also within the same trend swing?
  • #458,378
  • Mar 7, 2018 6:38pm Mar 7, 2018 6:38pm
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  • #458,379
  • Mar 7, 2018 7:30pm Mar 7, 2018 7:30pm
there are other tl's personally I just have a go at majors ,if im not so sure or minor I dash them ,I think that's what you mean show me on a chart

Quoting Trade-G
Yes Bones a properly drawn trend line is important, but do you think there are possibility of other trend lines also within the same trend swing?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,380
  • Mar 7, 2018 7:45pm Mar 7, 2018 7:45pm
if that yearly ! blue line isn't telling you i'm right and this whole thing if fractal and reliable over huge time's then I don't know what to say
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On-site guru & also FF member's' psychiatrist, when not drinking tea
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