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Cable Update (GBPUSD)

  • #458,781
  • Mar 23, 2018 10:44am Mar 23, 2018 10:44am
Quoting Tsar
{quote} And All my Posts are Amazing ... Just lately I've been Lazy to make it with Manual again There is one thing that is lacking : The TL lines uses a lot of Arrows. Please provide only the Main ones
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,782
  • Mar 23, 2018 11:11am Mar 23, 2018 11:11am
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Attachment g
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,783
  • Mar 23, 2018 11:13am Mar 23, 2018 11:13am
Quoting Bones
{quote} {image}

Nah... That's the Best One

More Simple but focus. It has many meanings
Always looking the GREAT, never left GOOD Point...
  • #458,784
  • Mar 23, 2018 1:13pm Mar 23, 2018 1:13pm
2 shorts now running see how it plays out on Monday.
  • #458,785
  • Mar 23, 2018 7:33pm Mar 23, 2018 7:33pm
I Think its very easy to get 100% result if you consontrate ur mind u can check it
One Day U Will Miss me!
  • #458,786
  • Mar 23, 2018 8:40pm Mar 23, 2018 8:40pm
Quoting aliqazi
I Think its very easy to get 100% result if you consontrate ur mind u can check it
That is like saying you can pick up a book in a foreign language and by concentrating your mind you can read it.

Seeing a chart and being able to comprehend what it is telling you are entirely two different things.

What triggers entries, hedges and exits must be based upon what the chart is saying not what the trader thinks.

These triggers are based upon high probabilities inasmuch as the outcome is usual but not always definite hence we have stops as safeguards.

The questions traders should be asking are what constitutes triggers and this is much more evident when one is short term trading where triggers come thick and fast. To me a trigger is a question of strength or weakness and I look for the evidence of these events as they are shown on the charts. There is always a bias as suggested by the trend and we are better off sticking to this bias until we develop the skills required to do otherwise.

I don't know of any books that are of any value to a currency trader and I have a great many of them collected over the years. At best they just give us something to think about. Many just rehash the same old stuff and mostly it is derived from the stock market and not the currency market, two completely different beast.

So unfortunately traders are stuck with forums like this one where there are good traders and bad but that is not enough for the new kid on the block just testing the waters and hoping to make it big. This is a highly reactive markets where profits can be wiped out in seconds and wishful thinking can wipe out the entire account just as easily. It is an aggressive market and can only be met will equal aggression from the trader. There is also a world of difference between aggression and risk.

Trading is simple when you know what you are doing but it takes a long time to know enough and anyone who knows it all is a jerk because the learning never ends.
  • #458,787
  • Mar 23, 2018 8:51pm Mar 23, 2018 8:51pm
Quoting Bones
{quote} {image}
That's the downtrend line "major" do you reckon it will be drawn near to it
  • #458,788
  • Mar 24, 2018 12:09am Mar 24, 2018 12:09am
I'm on Mobile Now... Being bored
Drawer use my Smartphone ;-)

Is it Cable already done 3 Steps Swing on H4 Chart ?

...
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Always looking the GREAT, never left GOOD Point...
  • #458,789
  • Mar 24, 2018 5:50am Mar 24, 2018 5:50am
example
when a lines great
AUD is good for lines
GBP is ok

Quoting Bones
{image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,790
  • Mar 24, 2018 6:00am Mar 24, 2018 6:00am
its 2 point ,but im looking at it and I think it would hold if it made it
Quoting Trade-G
{quote} That's the downtrend line "major" do you reckon it will be drawn near to it
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,791
  • Mar 24, 2018 6:18am Mar 24, 2018 6:18am
example of great hang man I used 3 week looks even better


Quoting Bones
{image}{image}

Quoting Tsar
{quote} {quote} "Trump's protectionism is making investors nervous," Dario Perkins, managing director of global macro at TS Lombard, said in a note Thursday. "Past experience suggests these policies are flawed, while even moderate trade barriers could disrupt today's complex global supply chains." That's INFO found in : Dow drops more than 700 points on trade fears, posts worst day since Feb. 8 in CNBC
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,792
  • Edited 7:56am Mar 24, 2018 7:44am | Edited 7:56am
I can see 2 other weeklies like that one right there and what happened after ,
this one seems to have build-up and break to its advantage
I don't think it can reverse on the next
so monthly is positive off major pivot
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,793
  • Mar 24, 2018 8:27am Mar 24, 2018 8:27am
GBPUSD has been tough to follow lately.
  • #458,794
  • Mar 24, 2018 10:37am Mar 24, 2018 10:37am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,795
  • Mar 24, 2018 10:57am Mar 24, 2018 10:57am
Hello guys. Hope you guys are having a good weekend. Please can anyone give me about a trading system that works most of the time. For example, what setting should I use for the exponential moving average?, how should I use the MACD, stochatics or RSI?, should I use candlestick patterns. Please try to give the details of the trading system. I am currently trying to find out whether it is possible to make profits by reacting to candlestick patterns only.
  • #458,796
  • Mar 24, 2018 10:59am Mar 24, 2018 10:59am
Hello guys. Hope you guys are having a good weekend. Please can anyone tell me about a trading system that works most of the time. For example, what setting should I use for the exponential moving average?, how should I use the MACD, stochatics or RSI?, should I use candlestick patterns. Please try to give the details of the trading system. I am currently trying to find out whether it is possible to make profits by reacting to candlestick patterns only.
  • #458,797
  • Mar 24, 2018 11:49am Mar 24, 2018 11:49am
Quoting Bones
I can see 2 other weeklies like that one right there and what happened after , this one seems to have build-up and break to its advantage I don't think it can reverse on the next so monthly is positive off major pivot {image} {image}
Spent most of the quarter coiling up for a pop thru the weekly 200,,,, oddly enough the flag price projection is too the neck line area of the last little visible H and S pattern on monthly chart which did go to its projected tgt ,,, weekly candle bodys have all been closing below this quarters R3 ,,bout to change I reckon ,looks like a good poke thru the weekly 200 coming . Your usd index chart ,,seen that pattern play out thousands of times on a minute chart ,,,,,,it will go back to the 82 level ,probably rather quickly ,,gives the gbp a good opportunity to poke thru current top area . Its been heading to this area since the poke above the daily 200 ,,, time will tell . Monthly 200 is at 1.63 ,,probably a good long term tgt once the skirmish here is over if there is much of a skirmish Good week end to all
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  • #458,798
  • Mar 24, 2018 12:31pm Mar 24, 2018 12:31pm
S / R Trading using Plain Chart
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  • #458,799
  • Mar 24, 2018 12:36pm Mar 24, 2018 12:36pm
Same Story ..
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  • #458,800
  • Edited 9:23pm Mar 24, 2018 9:10pm | Edited 9:23pm
Quoting Olabanji-Tex
Hello guys. Hope you guys are having a good weekend. Please can anyone give me about a trading system that works most of the time. For example, what setting should I use for the exponential moving average?, how should I use the MACD, stochatics or RSI?, should I use candlestick patterns. Please try to give the details of the trading system. I am currently trying to find out whether it is possible to make profits by reacting to candlestick patterns only.

Quoting Olabanji-Tex
Hello guys. Hope you guys are having a good weekend. Please can anyone tell me about a trading system that works most of the time. For example, what setting should I use for the exponential moving average?, how should I use the MACD, stochatics or RSI?, should I use candlestick patterns. Please try to give the details of the trading system. I am currently trying to find out whether it is possible to make profits by reacting to candlestick patterns only.

Hi Olabanji-Tex,

I providing Information for you...

The Chart Pattern is Intermediate of Technical Analysis (even the Highest).
Can be used Separate / Stand Alone, with TL Lines, Candle Signal & Support Resistance. But it's Not Easy to apply it because many Biases (so it can be a Trap for your Trading)

I recommend Confirm with other Indicator as a Filter.
Many types of Indicators to choose from Basic, Most Popular or Specific. All of them have advantages and disadvantages of each.
Depending on your liking and convenience, to use it.
The main one is you must identify the chosen Indicator, how to Work and Learn for Trade.


That's why other Traders can't provide a Recomendation for you. Because every Traders have a Different Views, Likes & Techniques for Trading.

And the Step to find out & look for the Indicator, you can start at Baby Pips


Quote
Hi 777girl,

Just found your Post today.
If you're used MA (Moving Average) and Stochastic as Basic & Most Popular Indicators.

You can have an Info from :
MA (Moving Average) >>> Investopedia
Stochastic >>> Tradeciety

There are so many Indicators available for Trading.
There is One thing you need to know, Each Indicator has its own Advantages and Disadvantages (Nothing Perfect)

I think you better learn Theory Trading from the Beginning at : Baby Pips

My apologize for not being able to explain in detail. Because it will be Long Explanation.


Best Regards,
Tsar
Always looking the GREAT, never left GOOD Point...
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