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Cable Update (GBPUSD)

  • #461,161
  • Edited 7:40am Jun 19, 2018 7:25am | Edited 7:40am
Quoting akim0895
{quote} maybe soon.. because 1.3030 or 1.3000 must watch first
Other day some one here showed us that he has a system, which showed accurate entry, though not exit.

Similarly I have a system, which is still in testing mde ( STILL IN TESTING MODE ) showing a retracement towards 1.3270. or 1.3235. minimum. LOL. I am testing it.

And trust me, in this testing mode, I kept a stop loss just below 1.3150.
Intraday only.
  • #461,162
  • Jun 19, 2018 7:32am Jun 19, 2018 7:32am
Quoting navk
{quote} Other day some one here showed us that he has a system, which showed accurate entry, though not exit. Similarly I have a system, which is still in testing mde ( STILL IN TESTING MODE ) showing a retracement towards 1.3270. or 1.3235. minimum. LOL. I am testing it. And trust me, in this testing mode, I kept a stop loss just below 1.3250.
i don’t know mate..i don’t have any system.
just draw some line n follow
just for a cup of coffee...
  • #461,163
  • Jun 19, 2018 8:16am Jun 19, 2018 8:16am
I guess there are a few scouts been sent out ?
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  • #461,164
  • Jun 19, 2018 9:27am Jun 19, 2018 9:27am
Attached Image (click to enlarge)
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to err is human
  • #461,165
  • Jun 19, 2018 6:43pm Jun 19, 2018 6:43pm
Quoting akim0895
{quote} i don’t know mate..i don’t have any system. just draw some line n follow
I do exactly the same watching for break and if price is below the average I am short and if above I am long.

On the 5 min chart below I observe where the average fails at about the same time each day. This chart shows the last two days, both shorts.

So if you can call it a system as such I trade the evidence not the theories. I take no notice of news and don't add to a losing situation because the trade is wrong. Stops are always as tight as I dare make them, as in the two cases below the stops were just above the swing highs.

As far as I am concerned everything else is just a nonsense compared to the facts.

Trying to outsmart the market is not going with the smart money.
Attached Image (click to enlarge)
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  • #461,166
  • Jun 19, 2018 11:05pm Jun 19, 2018 11:05pm
Quoting OAPDave
I guess there are a few scouts been sent out ? {image} {image}
Countinue to go down.....
  • #461,167
  • Jun 19, 2018 11:18pm Jun 19, 2018 11:18pm
Quoting KhanhVietnam
{quote} Countinue to go down.....
will it climb up today then go down?
  • #461,168
  • Jun 19, 2018 11:21pm Jun 19, 2018 11:21pm
Quoting Gold Miner
{quote} will it climb up today then go down?
it will
Stay low, Go fast - No luck, All skill
  • #461,169
  • Jun 19, 2018 11:27pm Jun 19, 2018 11:27pm
Quoting tehtawar
{quote} it will
But looks like it keep lower n lower now
  • #461,170
  • Jun 20, 2018 1:10am Jun 20, 2018 1:10am
Quoting tehtawar
{quote} it will
Whats your basis?
  • #461,171
  • Jun 20, 2018 1:20am Jun 20, 2018 1:20am
Looks like resistance at 1.3166 atm if we break I will look for longs with target 1.3200, resistance at 1.3177/87 above imo

Shorter frame volume positive for now
All charts/ideas based on UK time zone
  • #461,172
  • Jun 20, 2018 1:50am Jun 20, 2018 1:50am
Quoting sponge
Looks like resistance at 1.3166 atm if we break I will look for longs with target 1.3200, resistance at 1.3177/87 above imo Shorter frame volume positive for now
Possible buying pressure but you never know, looks short below 1.3155
All charts/ideas based on UK time zone
  • #461,173
  • Jun 20, 2018 2:20am Jun 20, 2018 2:20am
Thing is no one knows, its more like a good bias that you have and the odds for or against you. Many quote their EP and SL yes, there are people that will take it with a pinch of salt and there are those that may follow. So I feel we should exercise discretion a bit. If you comment that "H4 looks low with some signs of exhaustion, its a good buy zone with good retrace risk reward ratio, keep SL tight at XX, then viewers know. My feel...
  • #461,174
  • Jun 20, 2018 2:29am Jun 20, 2018 2:29am
On h4 it looks bullish..waiting how market react for boe news..
  • #461,175
  • Jun 20, 2018 2:31am Jun 20, 2018 2:31am
Quoting navk
{quote} Other day some one here showed us that he has a system, which showed accurate entry, though not exit. Similarly I have a system, which is still in testing mde ( STILL IN TESTING MODE ) showing a retracement towards 1.3270. or 1.3235. minimum. LOL. I am testing it. And trust me, in this testing mode, I kept a stop loss just below 1.3150.
Whats your system based on care to share? Monthly low at 1.3204 was breached yesterday with closing below it. Although RSI looks low for Daily, it can still go lower lots of room. It went past 1.3146.
  • #461,176
  • Jun 20, 2018 2:34am Jun 20, 2018 2:34am
Quoting OAPDave
First into battle more often than not gets killed
Could not have been wiser. As I was reviewing back my trades, there are always better entries if one waits. no rush...
  • #461,177
  • Jun 20, 2018 2:48am Jun 20, 2018 2:48am
waiting mode
coffee all ️
just for a cup of coffee...
  • #461,178
  • Jun 20, 2018 2:58am Jun 20, 2018 2:58am
Quoting sat007
On h4 it looks bullish..waiting how market react for boe news..
Its just going sideways and if you see the H1 its ledging until it breaks out.
  • #461,179
  • Jun 20, 2018 3:10am Jun 20, 2018 3:10am
Quoting sponge
Early days with this system it's not the usual so take it with a pinch of salt
pinch of salt
All charts/ideas based on UK time zone
  • #461,180
  • Jun 20, 2018 3:12am Jun 20, 2018 3:12am
lets ses pass or not 1.3150
just for a cup of coffee...
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