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Cable Update (GBPUSD)

  • #458,621
  • Mar 19, 2018 6:07am Mar 19, 2018 6:07am
discussion about the tl
its right on my chart
Quoting Trade-G
{quote} Why end, no more upside?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,622
  • Mar 19, 2018 6:28am Mar 19, 2018 6:28am
Its taken so many years for the flush down and now its merely testing the support turned resistance, don't think its going to be the same...
  • #458,623
  • Mar 19, 2018 6:29am Mar 19, 2018 6:29am

Quoting Bones
{quote} {image}2717452 {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,624
  • Mar 19, 2018 6:53am Mar 19, 2018 6:53am
bullish over 10500
but bearish outlook
driven by jpy ? , level of respect is important

Quoting Trade-G
Its taken so many years for the flush down and now its merely testing the support turned resistance, don't think its going to be the same...
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,625
  • Mar 19, 2018 7:01am Mar 19, 2018 7:01am
Yes, USD/JPY shows the way here, and it's suggesting this may not yet be the time to long GBP. If U/JPY continues to range, we may get a repeat of the second half of October 2017-early Nov 2017 pattern in GBP. Still, it doesn't change the bullish picture for GBP and bearish for U/JPY
  • #458,626
  • Mar 19, 2018 10:37am Mar 19, 2018 10:37am
Hello guys. Please I have a question. Is the daily chart a long trend chart? Is the 4-hour chart a short term chart?
  • #458,627
  • Mar 19, 2018 10:40am Mar 19, 2018 10:40am
Quoting Plenov
ING currency strategists believe that the pound may try to update the highs over the course of next week. This week, the pound broke through the upper limit of the consolidation formation since the beginning of this year, and while bears persistently defend the level of 1.40, the downturns still continue to attract buying interests around the former resistance. ING analysts point out that the situation looks favorable enough for bulls, and if next week we see a combination of constructive wage data, the Bank of England's harsh rhetoric and the announcement...
Hello Plenov. How is the week starting for you? Please I have a simple question. Is the daily chart a long trend chart? Is the 4-hour chart a short term chart?
  • #458,628
  • Mar 19, 2018 10:49am Mar 19, 2018 10:49am
Quoting mades
{quote} You just need a bit more experience reading charts. Nowhere on chart was a sell signal, it was at most sideways. Market is repeating previous week cycle which copied the week before. It also created a nice ascending triangle. The non-numerical news are often better than numerical because they are not so obvious therefore not so manipulated.
Thank you for correcting me. Please can you point me to the right direction? Where can I learn about ascending triangles?
  • #458,629
  • Mar 19, 2018 11:15am Mar 19, 2018 11:15am
Quoting mades
{quote} You just need a bit more experience reading charts. Nowhere on chart was a sell signal, it was at most sideways. Market is repeating previous week cycle which copied the week before. It also created a nice ascending triangle. The non-numerical news are often better than numerical because they are not so obvious therefore not so manipulated.
Hi Mades. Thank you for correcting me. Please where can I learn about ascending triangles? At the moment I only use candlestick patterns with support and resistances.
  • #458,630
  • Mar 19, 2018 11:31am Mar 19, 2018 11:31am
Quoting Olabanji-Tex
{quote} Hi Mades. Thank you for correcting me. Please where can I learn about ascending triangles? At the moment I only use candlestick patterns with support and resistances.
TRY google its your best friend
  • #458,631
  • Edited 1:27pm Mar 19, 2018 1:07pm | Edited 1:27pm
Quoting Olabanji-Tex
Hello guys. Please I have a question. Is the daily chart a long trend chart? Is the 4-hour chart a short term chart?
Hi mate.

1minute has long term and short term just like 1H 4H Daily weekly monthly.

A trend is a trend. A period of time that the chosen time frame of any market effortlessly continued in an upwards or downwards direction without very little resistance for a longer than usual period of time. Example 70% sideways 30% trending, do you understand? . An indicator made from averages called the Bill Williams alligator Could help you with this study.

Like water the market will always find the route with least resistance. And the market has A LOT of resistance so the market will spend a lot of time in Sideways or consolidation while the water builds up enough pressure until it eventually finds the area of least resistance and trends once again.

And deanstar is correct just Google Google Google until your eyes are burning out the back of your head, keep this up for five years and welcome to the club.
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FREEDOM IS SECURITY.
  • #458,632
  • Mar 19, 2018 3:51pm Mar 19, 2018 3:51pm
I would warn that if drawing triangles was as simple as they make it look above then we would all be millionaires in a couple of days.
  • #458,633
  • Mar 19, 2018 4:53pm Mar 19, 2018 4:53pm
Quoting Olabanji-Tex
{quote} Hi Mades. Thank you for correcting me. Please where can I learn about ascending triangles? At the moment I only use candlestick patterns with support and resistances.
https://www.babypips.com/learn/forex/triangles

Example: hope it helps.

1) candle + fractal clear of resistance
2) fractal + high
3) retest, will resistance become support?
4) buy stop at potential new support
5) adjust stop
6) adjust stop
7) trade closed in profit
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FREEDOM IS SECURITY.
  • #458,634
  • Mar 19, 2018 5:04pm Mar 19, 2018 5:04pm
Inserted Video
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FREEDOM IS SECURITY.
  • #458,635
  • Mar 19, 2018 7:54pm Mar 19, 2018 7:54pm
Sold at 1.4038 target 1.3950
Forex Learner
  • #458,636
  • Edited 11:28pm Mar 19, 2018 11:18pm | Edited 11:28pm
Quoting hippiedog
{quote} Hi mate. 1minute has long term and short term just like 1H 4H Daily weekly monthly. A trend is a trend. A period of time that the chosen time frame of any market effortlessly continued in an upwards or downwards direction without very little resistance for a longer than usual period of time. Example 70% sideways 30% trending, do you understand? . An indicator made from averages called the Bill Williams alligator Could help you with this study. Like water the market will always find the route with least resistance. And the market has A LOT...
YOu got that so right there HippieDog - 5 years and you get the rythmn if your lucky 3 - 4 but 5 gets you into the comfortable lets trade zone. The beauty about google being your friend which people dont seem to realise is that you go out there and always find some gems which you either knew nothing about or what you thought you were looking for you realised there are more lucrative ways to trade, if you short cut the learning curve it just takes longer .. how many times have traders gone out there looking for rsi and come back with stuff on the adr smiling wow didnt know that ..

quick long trade this morning 140 200 but prefer to short later on
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  • #458,637
  • Mar 19, 2018 11:43pm Mar 19, 2018 11:43pm
GBPUSD for today
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  • #458,638
  • Mar 20, 2018 12:54am Mar 20, 2018 12:54am
30 pips plus some change and closed on long
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  • #458,639
  • Mar 20, 2018 2:22am Mar 20, 2018 2:22am
Hi i created a new site and this is my first post about GBPUSD

http://www.electoo.com/?p=8
  • #458,640
  • Mar 20, 2018 4:18am Mar 20, 2018 4:18am
Quoting Ill-b-back
{quote} Looks to me like it might be hit this week {image}
Market didn't move down towards Greenland, so Greenland will move up towards the market
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