Cable Update (GBPUSD)

Quoting Nala66

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Hippie the table implies 300% a day. That is a very rare event sometimes is takes a week to get 100% with a lot of watching and waiting in between. Just go to http://compoundaily.com/ to work stuff out. Here I have put in the last 3 major moves. That results in 3 in the last 13 days and we have to be there to take them. Fall asleep and we miss out, we then have to wing it hoping it doesn't retrace. Even a blind as a bat man like me can see the accuracy of this, note how these moves all start at the mid point of a 24 hour period (red dot),...

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Quoting hippiedog

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{quote} The sharks eat the crocs, I did not expect that at all. Crocs are kings? Way tougher than shark and weigh twice as much. The only way a shark could kill a croc would be a breach attack and that would mean the croc would have to be in deep open water. Learn something new every day. Is that a joke? Or do the sharks seriously eat the crocs. How is this even possible? Yes I most likely won't trade the event, not sure yet. Still bull higher tf's but 1H 4H look very bearish.

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Quoting Nala66

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{quote} Naw sharks and crocs get on well together. The reason we don't have crocs here is that we don't get many American tourist so they have nothing to eat. We get a lot of poms but they taste terrible I am told. I have been out where the sharks were bigger than my boat and they like to give it a nudge. A friend of mine lost his outboard motor to a shark back in the 80's, try explaining that to the insurance company. Yep I am not trading today either... Nice outside 26 degrees and not a cloud in the sky

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Quoting Nala66

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Here you go Mongoose {image}

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Quoting hippiedog

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{quote} Hi mate. So where is the exact entry? I got the tp but, where is the entry and how are you swapping the 1H to 5min for the same entry. Obviously I see it is at resistance, but you won't know that until it's already taken of, so do you set order?

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Quoting Nala66

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{quote} I am a bit confused, you see what as resistance? I just got through explaining the entry to Mongoose and you ask the exact same thing... On the 1 hour we are still below the average though we have approached and tested it. Look at the 5 min and we see the Bull support fails (above image) The two red dots on the RSI give us entries. With a bull support below as a target ...Oh and the stop goes above the failed bull support

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Quoting Nala66

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{quote} Naw sharks and crocs get on well together. The reason we don't have crocs here is that we don't get many American tourist so they have nothing to eat. We get a lot of poms but they taste terrible I am told. I have been out where the sharks were bigger than my boat and they like to give it a nudge. A friend of mine lost his outboard motor to a shark back in the 80's, try explaining that to the insurance company. Yep I am not trading today either... Nice outside 26 degrees and not a cloud in the sky

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Quoting EuroNews

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ING: GBPUSD will rise to $1.45 in the second quarter "Last month, all the key events - the Brexit talks, macroeconomic data and the Bank of England statement" turned out to be bullish for the British currency, "write ING experts. "In the near future, we will follow the incoming statistics, trying to assess the prospects for cyclical recovery of the pound." If the world economic situation remains, the Bank of England's rate hike in Looks like a decided deal. Current views of investors on the British economy are quite low, so any positive surprises...

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Quoting Nala66

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From the chart below we could have taken the trade at a and b but this would have been risky because price was still above the support. Had it taken off from this point then we would have seen a crossing on the 1 hour. Remember we are in quiet times and could have already taken our 2 x 10 pips = 20. Which for most people is enough for one day let alone for one day. The brave trader has a safety stop in place and can walk away knowing a small profit is being risked against a larger one. {image}

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Quoting hippiedog

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Bloody hell I know what it feels like to listen to me now. Alan my DMT won't be ready till Sunday evening I am running on dead right now. (I can't see what you can see) Have you got crayons and time on your hands. I don't really understand mate. Could you do a step by step instructions for dummies please Who is mongoose?

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Quoting Nala66

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{quote} Believe me I have tried this many times and I can hear people laughing in this forum now who know how much writing I have done in the past. In words it all sound so very difficult but it isn't. Simple things are hard to explain. Whereas difficult things are easy to explain. Videos are much better, perhaps I will do some more of those. I will keep you posted, probably when I come back from fishing all refreshed and rarin to go.

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Quoting hippiedog

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{quote} Yes I do understand mate. Like I said I know what it's like listening to me now. It doesn't click until it clicks and then you wonder how you never saw it in the first place.

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