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Cable Update (GBPUSD)

  • #459,121
  • Apr 6, 2018 7:16am Apr 6, 2018 7:16am
I expect absolutley nothing as i dont trade NFP ..
but can sit and watch the dissapointing show which it will be for sure totally overated for what it is worth Non Farm Payroll jobs what the fck does it really mean totally outdated could well just be a scene out of the grapes of wrath.

Bias seems to be North but easy to say when u aint dong it so flip a coin but think seasonal impact on the work force (north)
  • #459,122
  • Apr 6, 2018 7:33am Apr 6, 2018 7:33am
The US dollar advanced a bit because of the NFPs but i think it will be back to normal level soon.
  • #459,123
  • Apr 6, 2018 7:51am Apr 6, 2018 7:51am
weekly doji next opens higher as monthly is bullish
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #459,124
  • Apr 6, 2018 7:51am Apr 6, 2018 7:51am
and Quarterly
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #459,125
  • Apr 6, 2018 7:55am Apr 6, 2018 7:55am
d1 looks like
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #459,126
  • Apr 6, 2018 7:59am Apr 6, 2018 7:59am
it's only the most important event on the calendar

Quoting dean1star
Now they should continue with their sell from yesterday as everyone can see the results and u think they gonna let everyone jump on the gravy train look free money we are buying lol .. wait and they dump it hard and fast but in reality they should take it north on the 4.1 alone ? It aint that easy its money after all and they want it all worst case scenario it will just range with some algo up and downs here and there? No buy thats for sure unless its a fast one 15 mins shit NFP and what nothing lol .. how overated can you get
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #459,127
  • Edited 8:11am Apr 6, 2018 8:00am | Edited 8:11am
140 253 long why not hey
  • #459,128
  • Apr 6, 2018 8:06am Apr 6, 2018 8:06am
you can't expect this candle to fail outright
or shoot past 3 weeks work like that straight off bat as pointed out before to projections straight though lower than key
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #459,129
  • Apr 6, 2018 8:22am Apr 6, 2018 8:22am
Pattern chart

Suggests falling wedge / flag with indicated target.

Attached Image
  • #459,130
  • Apr 6, 2018 8:29am Apr 6, 2018 8:29am
I short now
  • #459,131
  • Apr 6, 2018 8:31am Apr 6, 2018 8:31am
Quoting dean1star
140 253 long why not hey
Exactly the same thought mate lol... Why not hey.
Crack me up. Couldn't help myself.
That was looking bearish earlier.
Had no intention of trading today.
Attached Image (click to enlarge)
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FREEDOM IS SECURITY.
  • #459,132
  • Apr 6, 2018 8:41am Apr 6, 2018 8:41am
Nothing last forever but would be good to see the move to the weekend.
Attached Image (click to enlarge)
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FREEDOM IS SECURITY.
  • #459,133
  • Apr 6, 2018 8:50am Apr 6, 2018 8:50am
Quoting hippiedog
{quote} Exactly the same thought mate lol... Why not hey. Crack me up. Couldn't help myself. That was looking bearish earlier. Had no intention of trading today. {image}
Touche .. when they gonna sell from this move .. perhaps letting it run for a while see how it plays
  • #459,134
  • Apr 6, 2018 9:07am Apr 6, 2018 9:07am
end of pullback
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #459,135
  • Apr 6, 2018 9:17am Apr 6, 2018 9:17am
Quoting hippiedog
{quote} Exactly the same thought mate lol... Why not hey. Crack me up. Couldn't help myself. That was looking bearish earlier. Had no intention of trading today. {image}
Same here. Once the news had settled down and that H1 bar setup, the buy was a no brainer.
  • #459,136
  • Apr 6, 2018 9:25am Apr 6, 2018 9:25am
Quoting C-12
{quote} Same here. Once the news had settled down and that H1 bar setup, the buy was a no brainer.
Would be nice, 1.45 or 1.5
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FREEDOM IS SECURITY.
  • #459,137
  • Apr 6, 2018 9:25am Apr 6, 2018 9:25am
Quoting Bones
{image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #459,138
  • Apr 6, 2018 10:13am Apr 6, 2018 10:13am
next target for GU ?
  • #459,139
  • Apr 6, 2018 11:08am Apr 6, 2018 11:08am
highly likely your see higher before lower than the low
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #459,140
  • Apr 6, 2018 12:06pm Apr 6, 2018 12:06pm
Quoting hippiedog
{quote} Ah I think I got it now, you are using the rsi below the 50 for the sell entry confirmed only by the failed high above the 50. Correct? Didn't you say each trade is 3 position? The failed high according to this is the 5 below the 14 and above 50. Followed by low and a lower low below the 50 lead by the 5. That is the also the entry, exit is below bull support. Yes have to sit and watch this appear because of the rsi. Is this a 20EMA.
You are getting there, Though I have only showed the one type of entry on this RSI there are two types but the second didn't happen so I couldn't show it.

Yes I TRY to get three entries but in this case the distance wasn't so hot so it was hard to do so. Even so this would have paid about 35% with those two trades.

Applying all the same rules and stuff and see what happens in the 5 min chart below for yet another matchstick trade, not taken by me. These happen all the time within regular intervals.
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