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Cable Update (GBPUSD)

  • #458,941
  • Mar 30, 2018 1:46am Mar 30, 2018 1:46am
40 pips retraced up today , what's next ?
  • #458,942
  • Mar 30, 2018 2:54am Mar 30, 2018 2:54am
Quoting 3force
40 pips retraced up today , what's next ?
Buy...up another 40pips later
  • #458,943
  • Mar 30, 2018 10:00am Mar 30, 2018 10:00am
Quoting Nala66
{quote} Rule number one...Never add to losing positions no matter what you think the market will do. .....
I do not agree with you at all
It is possible to make a trade with2 positions and even with advance to make entry order for sell/buy 2
Success rate high if you know what you do

I add you here example in the NZD 4H chart

Buy 1 is from SMA400 and the take profit is SMA200
Buy 2 is after market go against buy 1 and its from the Distance between SMA400 TO SMA200 (see in pic the arrow)

Price get to buy 2 and jump up to the take profit of this buy 2 (sma400 and first buy entery)

When you know what you're doing
The success rate can be raised dramatically when you buy another position
What do I agree that you should not add full position after position when the market goes down
You have to plan ahead from the start

*Another thing I never saw market go above fibonacci extension levels 1561.8 with out get 2 level under/above
So if price on fibonacci extension levels 1361.8 why not to make a buy at 1361.8 and at 1461.8 and 1561.8 ?
I will add you pic on this later ^
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: NZD2.jpg Size: 107 KB
  • #458,944
  • Mar 30, 2018 12:27pm Mar 30, 2018 12:27pm
Quoting Mr.N
{quote} I do not agree with you at all It is possible to make a trade with2 positions and even with advance to make entry order for sell/buy 2 Success rate high if you know what you do I add you here example in the NZD 4H chart Buy 1 is from SMA400 and the take profit is SMA200 Buy 2 is after market go against buy 1 and its from the Distance between SMA400 TO SMA200 (see in pic the arrow) Price get to buy 2 and jump up to the take profit of this buy 2 (sma400 and first buy entery) When you know what you're doing The success rate can be raised dramatically...

GREAT MASTER LEV....
GL HF
  • #458,945
  • Mar 30, 2018 1:13pm Mar 30, 2018 1:13pm
A new month is near lets do it all over again
Positioning and getting ready.
Attached Image (click to enlarge)
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  • #458,946
  • Mar 30, 2018 5:49pm Mar 30, 2018 5:49pm
GBP/Usd is still holding above 1.40 level, but bearly. Only break below this psychological level would continue to drag the pair downward.
  • #458,947
  • Mar 30, 2018 10:55pm Mar 30, 2018 10:55pm
Quoting Davit
{quote} It can drop lot lower are you gonna keep buying?What makes you think 1.45 is around corner might take a year! Not trying to scare you but don't stand in front of a train Price can reach orange box I drew.Any buying should be there. {image}
A possibility met by sceptism became a half way truth lol (as it is half way there)
  • #458,948
  • Mar 30, 2018 11:01pm Mar 30, 2018 11:01pm
https://www.forexfactory.com/showthr...3#post10924193
Market is not random but unpredictable
  • #458,949
  • Mar 30, 2018 11:04pm Mar 30, 2018 11:04pm
Is the bigger picture from the D1 completed from its bullish breakout? One thing for sure, the ancient down trendline that kept it down from the double top previously kept it down again this time (red arrows).

From here for bullishness it may likely push slightly lower before a good reversal propel it upwards resuming the upswing from this pullback.

2nd likely scenario is that it may continue to push downwards until the darker blue circle, also the uptrend line support in dark red line, before it attempt to upswing again.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-d1-d.png Size: 34 KB
  • #458,950
  • Mar 30, 2018 11:17pm Mar 30, 2018 11:17pm
H1 timeframe still within trendline support depending which trendline it is, according to some there is but only one trend line majora, but there is also the minora as they form the entire picture lol....

Ok in line with the D1 chart, should the push lower is rejected, look for a bullish setup at the MAjor trenline support in the H1 at 1.400 region, which is also the region the compression region that breaks out from the D1 wedge breakout (big red arrow), should this trend line support fail, then it might be a different scenario unfolding in the D1 to the dark blue circle as above, so better to stop there and look how it unfold at the dark blue circle region, it can and may have further downside.

Best bullish bias will go with the 1st scenario...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-h1-d.png Size: 68 KB
  • #458,951
  • Mar 30, 2018 11:19pm Mar 30, 2018 11:19pm
Quoting 4for4
https://www.forexfactory.com/showthr...3#post10924193
I see you...
  • #458,952
  • Mar 30, 2018 11:23pm Mar 30, 2018 11:23pm
D1 chart is now within a range until decision for breakout happens
  • #458,953
  • Mar 30, 2018 11:56pm Mar 30, 2018 11:56pm
On the H4 we do have a HS look alike and puts the neckline exactly at 1.4084 pivot, bulls may find it difficult.... which is also why Davit pointed to a real low (the half-way truth joke), the pivot resistance tested on Wednesday and rejected produced an even lower low, so next week bulls need to find support over this for upside, else a LL is real.
  • #458,954
  • Mar 31, 2018 7:28am Mar 31, 2018 7:28am
The Sterling continues to appreciate, awaiting the NFP to take it further.
  • #458,955
  • Mar 31, 2018 7:50am Mar 31, 2018 7:50am
Quoting asi
{quote} GREAT MASTER LEV.... GL HF
Hey asi you got me LOL GL HF friend
  • #458,956
  • Edited 10:47am Mar 31, 2018 9:56am | Edited 10:47am
Attachment g
Attached Image (click to enlarge)
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Attachment g

The double top is a frequent price formation at the end of a bull market. It appears as two consecutive peaks of approximately the same price on a price-versus-time chart of a market
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 3 GBPUSD-Quarterly.png Size: 35 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,957
  • Mar 31, 2018 10:20am Mar 31, 2018 10:20am
Definitely looking for more downside weakness here. 1.39x looks like a good place to stop over.
A 1 pip gain is better than a 1 pip loss.
  • #458,958
  • Mar 31, 2018 10:45am Mar 31, 2018 10:45am
I think in this week, there is a sell for a while, with the target around 1.3650-1.3620.
Attached Image (click to enlarge)
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  • #458,959
  • Mar 31, 2018 11:46am Mar 31, 2018 11:46am
https://www.telegraph.co.uk/politics...vorce-despite/

Interesting news for GBP....
  • #458,960
  • Mar 31, 2018 12:43pm Mar 31, 2018 12:43pm
Quoting Mr.N
{quote} Hey asi you got me LOL GL HF friend
HMmmm master i cant forget u.
U are the great man.
I think we learn lot of things again from u.
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