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Cable Update (GBPUSD)

  • #458,521
  • Mar 14, 2018 2:08am Mar 14, 2018 2:08am
GBPUSD for today
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  • #458,522
  • Mar 14, 2018 2:17am Mar 14, 2018 2:17am
Quoting Nala66
Thanks digger, my only intention was to show there is more than one way to skin a cat. That was funny you should mention that long term trade because I looked at it last weekend and found the average to be about 7.4 pips per day, bottom to top and as you say it has fallen a tad because not only is price down a bit but the time element is longer. I don't just take 20 pips a day that is just my minimum and I and quite happy with that but when a bigger trade shows itself then why not go for it. Our group spent a lot of time over the past decade working...
Nice to read there still some fellow RSI lovers like me out there
persistence and determination alone are omnipotent
  • #458,523
  • Mar 14, 2018 4:34am Mar 14, 2018 4:34am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,524
  • Mar 14, 2018 5:06am Mar 14, 2018 5:06am
you had another handle?
link?trader secret library

Quoting Nala66
Thanks digger, my only intention was to show there is more than one way to skin a cat. That was funny you should mention that long term trade because I looked at it last weekend and found the average to be about 7.4 pips per day, bottom to top and as you say it has fallen a tad because not only is price down a bit but the time element is longer. I don't just take 20 pips a day that is just my minimum and I and quite happy with that but when a bigger trade shows itself then why not go for it. Our group spent a lot of time over the past decade working...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,525
  • Mar 14, 2018 5:10am Mar 14, 2018 5:10am
See how the longs play out for the day ..

Expecting lower for sure to go higher
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  • #458,526
  • Mar 14, 2018 5:28am Mar 14, 2018 5:28am
you speculate every time , what your doing works exactly the same how far you want to speculate all depends on what you're looking at
an observation I don't see 20 pip a day last long , also over time most people move upwards can you really read a 1 min chart every day over a long period

Quoting Nala66
Not much to say about this trade because it was exactly a repeat of the previous days setup. However looking at the 5 min chart we see both the bulls and bears have found support thus creating a range we have to break free of. I don't know from one day to the next which way I will be trading it all depends on what is inferred and if there is an entry signal or not. It is for this reason I don't like to speculate on longer term events. Someone back there said something about not being a scalper as though this in some way is bad thing. Well to me...
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,527
  • Mar 14, 2018 5:36am Mar 14, 2018 5:36am
Quoting Bones
you had another handle? link?trader secret library {quote}
Yes Bones AKA pipsqueak
  • #458,528
  • Mar 14, 2018 5:49am Mar 14, 2018 5:49am
Quoting Bones
you speculate every time , what your doing works exactly the same how far you want to speculate all depends on what you're looking at an observation I don't see 20 pip a day last long , also over time most people move upwards can you really read a 1 min chart every day over a long period {quote} {image}
I don't look at the 1 minute until the 1 hour indicates a trade is on... The 1 minute or 5 minute gives me an entry usually based upon a divergence there.

We have a bear divergence on the 1 hour today and we also had it on the 5 min where I take the punt to short. A divergence usually takes the price across the EMA so I set my target to that level on the 1 hour ( 38 pips ) done and dusted a couple of hours ago.
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  • #458,529
  • Mar 14, 2018 5:54am Mar 14, 2018 5:54am
4H still Bullish,,
near 50% RET and cannal hold the price
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  • #458,530
  • Mar 14, 2018 5:57am Mar 14, 2018 5:57am
Quoting Bones
you speculate every time , what your doing works exactly the same how far you want to speculate all depends on what you're looking at an observation I don't see 20 pip a day last long , also over time most people move upwards can you really read a 1 min chart every day over a long period {quote} {image}
There are exceptions in nature too. here in Oz our trees grow upside down
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  • #458,531
  • Mar 14, 2018 6:17am Mar 14, 2018 6:17am
Quoting Bones
you had another handle? link?trader secret library {quote}
Thanks for sending me a message I cannot reply to because you have it restricted.

If you read what Bones was saying here it is entirely something else.
  • #458,532
  • Mar 14, 2018 6:27am Mar 14, 2018 6:27am
Awesome. Never thought of doing that before.
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  • #458,533
  • Mar 14, 2018 6:38am Mar 14, 2018 6:38am
bullish cypher in the making

im using my mobile phone to post this, so for anyone interested to find out why, don be lazy...

go draw your fibo and see with your naked eye

AB just reversed exactly at 61.8% of XA swing,

and yesterday rally just stop well at 141.4%, forming the BC leg, now we just need to wait a D to form at 1.3770 area before pound rally again

for now, GBPUSD will drop all the way until 1.3770
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  • #458,534
  • Mar 14, 2018 6:42am Mar 14, 2018 6:42am
Quoting hippiedog
Awesome. Never thought of doing that before. {image}
My missus says your as batty as I am. What influence does gravity have on the angels dress?
  • #458,535
  • Mar 14, 2018 6:50am Mar 14, 2018 6:50am
Quoting amikaking
bullish cypher in the making im using my mobile phone to post this, so for anyone interested to find out why, don be lazy... go draw your fibo and see with your naked eye AB just reversed exactly at 61.8% of XA swing, and yesterday rally just stop well at 141.4%, forming the BC leg, now we just need to wait a D to form at 1.3770 area before pound rally again for now, GBPUSD will drop all the way until 1.3770 {image} {image}
Interesting but what makes you think C is the top of this run besides the Fib number
  • #458,536
  • Edited 7:08am Mar 14, 2018 6:51am | Edited 7:08am
Quoting Nala66
{quote} My missus says your as batty as I am. What influence does gravity have on the angels dress?

Hahaha, yes just leave it struggling and use it as a bullseye for paper dart practice. Oh didn't I just die.
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  • #458,537
  • Mar 14, 2018 7:10am Mar 14, 2018 7:10am
Few that was close.

Anyway how is everybody getting on with the CRV TO ARV. All I'm getting is 1.7...

10MIN MARK.

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FREEDOM IS SECURITY.
  • #458,538
  • Mar 14, 2018 7:17am Mar 14, 2018 7:17am
Quoting Nala66
{quote} Interesting but what makes you think C is the top of this run besides the Fib number
well, there is an engulfing bear candle form right below 141.4%, and under the confluence of 1.4000 psychology number few pips away after yesterday rally to the highs 1.3995

while eurusd today has fallen after Draghi speech, and gbpusd which correlate with eurusd should follow as well

im entering my shorts at current level with SL at 1.4020 (161.8%) just in case the pattern is busted

TP at 1.3775

but the risk to reward is more than the 1:3
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  • #458,539
  • Mar 14, 2018 7:33am Mar 14, 2018 7:33am
interesting but very unlikely
Quoting Nala66
{quote} Interesting but what makes you think C is the top of this run besides the Fib number
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,540
  • Mar 14, 2018 7:35am Mar 14, 2018 7:35am
Quoting amikaking
{quote} well, there is an engulfing bear candle form right below 141.4%, and under the confluence of 1.4000 psychology number few pips away after yesterday rally to the highs 1.3995 while eurusd today has fallen after Draghi speech, and gbpusd which correlate with eurusd should follow as well im entering my shorts at current level with SL at 1.4020 (161.8%) just in case the pattern is busted TP at 1.3775 but the risk to reward is more than the 1:3 {image}
Yup what goes up must come down. But not that far down?
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