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Cable Update (GBPUSD)

  • #461,401
  • Jun 22, 2018 10:06am Jun 22, 2018 10:06am
Quoting SweetRevenge
{quote} someone with Master Degree in Mass Psychology would be a good candidate as trader, I think.. LOL
True.

The Psychology is most important to trade.

Otherwise, we shall book 20 pips profit against 100 pips. And we book 100 pips loss against 20 pips. lol
Intraday only.
  • #461,402
  • Jun 22, 2018 10:07am Jun 22, 2018 10:07am
Quoting navk
{quote} You know, some people short, some people long, that is why price moves. ZIG ZAG.
its fridays mate..
some crazy move
just for a cup of coffee...
  • #461,403
  • Jun 22, 2018 10:10am Jun 22, 2018 10:10am
Quoting navk
{quote} True. The Psychology is most important to trade. Otherwise, we shall book 20 pips profit against 100 pips. And we book 100 pips loss against 20 pips. lol
!!

shall? Sell? SeLL !! SeLL!!! just SELL !!!!

The market madness ...LOL
  • #461,404
  • Jun 22, 2018 10:53am Jun 22, 2018 10:53am
Back from short trip... yes thought I missed the boat when the bearish breakout happened, the pullback gave me a good entry.... closed shorts but it will run much further....
  • #461,405
  • Jun 22, 2018 10:55am Jun 22, 2018 10:55am
Target 1.32360 zone, but hey anything can happen so keep your stops.... good night … after a tiring travel back...
  • #461,406
  • Jun 22, 2018 11:21am Jun 22, 2018 11:21am
i think the pair is going to test 1.339733, but not sure yet
  • #461,407
  • Jun 22, 2018 11:26am Jun 22, 2018 11:26am
Quoting me.mariner
i think the pair is going to test 1.339733, but not sure yet
If the bearish breakout gets invalidated yeah can be.
  • #461,408
  • Jun 22, 2018 1:55pm Jun 22, 2018 1:55pm
Quoting OAPDave
Over my time trying to learn about this game i have read and collected a shed load of articles in my quest to earn a few golden nuggets, thought this might be of some interest, please look at the dates mentioned and see if you think it is relevant to the present, its the reason i always keep banging the drum about range. New Highs and New Lows One of the most important things the market can do during a trading day is to continue along the path hitting either new highs or new lows for the day ( they almost never continue doing both during the same...
Yeh i get that Dave, it just goes to show you how much the market repeats itself over and over even from years previous, so yes a great reminder, personally these days with everyone glued for the most part to their ipads, iphones and stuff they fail to see the good stuff - such as each day there will always be one high and one low all you gotta do is catch one of em .. if you can do that then millions await you ..

Monday taking a few longs ..
  • #461,409
  • Jun 22, 2018 8:01pm Jun 22, 2018 8:01pm
Cable between a rock and a hard place.
I'm thinking overall, bears will take control next week.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 24 KB
Come with me if you want to live....
  • #461,410
  • Jun 23, 2018 1:37am Jun 23, 2018 1:37am
Quoting Nala66
Well that was a pretty weak pull back from the 3308 so my guess is that it will reach for the 33248 to drag up the average past the 3257 level {image}
Well, well, well, the bears stopped the average for a double top. I have no clue what will happen from here.

Sit on hands until something shows up. Or go back to scalping a few here and there.

Better still, watch the soccer
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB
  • #461,411
  • Jun 23, 2018 1:45am Jun 23, 2018 1:45am
My one hour chart is saying wait and see
on Monday to take the trade, bias here is long but see how Monday plays might even be a Tuesday trade as first one of the week on this pair.
  • #461,412
  • Jun 23, 2018 2:21am Jun 23, 2018 2:21am
Quoting Nala66
{quote} Well, well, well, the bears stopped the average for a double top. I have no clue what will happen from here. Sit on hands until something shows up. Or go back to scalping a few here and there. Better still, watch the soccer {image}
Looks to me like a drop to 1.32 area where it might find some support for a bit.
Come with me if you want to live....
  • #461,413
  • Jun 23, 2018 2:28am Jun 23, 2018 2:28am
EW POV ;
most likely move #1 flat

Attached Image


alternate move #2 zigzag

Attached Image


warning note :
there are some flat variation which b can be lower than a; in this case 1.310201
but it doesnt mean invalidate the projection

in a bigger picture ; downtrend is over atm period, it should retrace between 23-38%

Attached Image


what if im wrong ? i put SL on every position
  • #461,414
  • Jun 23, 2018 6:19am Jun 23, 2018 6:19am
Quoting SweetRevenge
{quote} !! shall? Sell? SeLL !! SeLL!!! just SELL !!!! The market madness ...LOL
I follow BIG Institutions.
Attached Image
Intraday only.
  • #461,415
  • Jun 23, 2018 6:34am Jun 23, 2018 6:34am
I use my Crystal Ball but sometimes it's a little cloudy
I just find i need a map to see were i am going
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDSBMonthlyb.png Size: 68 KB
Click to Enlarge Name: GBPUSDSBWeeklyc.png Size: 65 KB
Click to Enlarge Name: GBPUSDSBDailyd.png Size: 59 KB
Click to Enlarge Name: GBPUSDSBH1e.png Size: 84 KB
Click to Enlarge Name: GBPUSDSBH1f.png Size: 62 KB
  • #461,416
  • Jun 23, 2018 6:40am Jun 23, 2018 6:40am
Quoting OAPDave
I use my Crystal Ball but sometimes it's a little cloudy I just find i need a map to see were i am going {image} {image} {image} {image} {image} {image}
Murraymath setting may mislead you.
Intraday only.
  • #461,417
  • Jun 23, 2018 6:48am Jun 23, 2018 6:48am
Quoting navk
{quote} Murraymath setting may mislead you.
Yes i do use MurreyMaths, what i have just shown are not quite true level's, they are arrived by manual drawing but yes i agree, everything can miss lead you that's why i have to have a Map of some sort, be it what ever, just remember if we did not get miss lead at times everyone would be a winner, now what fun would that be !!!
  • #461,418
  • Jun 23, 2018 7:04am Jun 23, 2018 7:04am
Quoting OAPDave
{quote} Yes i do use MurreyMaths, what i have just shown are not quite true level's, they are arrived by manual drawing but yes i agree, everything can miss lead you that's why i have to have a Map of some sort, be it what ever, just remember if we did not get miss lead at times everyone would be a winner, now what fun would that be !!!
what I meant was, FIBO lines can be trusted, Resistance, support lines which are manually drawn can be trusted somewhat than murraymath lines.

Murray math is an indicator and the coder only knows the basics and TF and setting for different TF.
Intraday only.
  • #461,419
  • Jun 23, 2018 7:15am Jun 23, 2018 7:15am
Quoting navk
{quote} what I meant was, FIBO lines can be trusted, Resistance, support lines which are manually drawn can be trusted somewhat than murraymath lines. Murray math is an indicator and the coder only knows the basics and TF and setting for different TF.
Navk, i have nothing but respect for you, but how much knowledge have you of Murrey or Gann to make those statements , just ask you a question on support and resistance, which came first the Chicken or the Egg ?
  • #461,420
  • Edited 7:42am Jun 23, 2018 7:18am | Edited 7:42am
Quoting OAPDave
{quote} Navk, i have nothing but respect for you, but how much knowledge have you of Murrey or Gann to make those statements , just ask you a question on support and resistance, which came first the Chicken or the Egg ?
It is up to you to use if you have knowledge about that and if you feel it is true to the market conditions.

I have nothing to say but just a warning only. I am not trying to criticize you but rather wanted to caution you. My experience, no indicator works. Who knows it may work for coders.

Having said that, if it behaves true to market conditions, and one has learnt the art of reading murray math, they would have become millionaires.

But who knows, they may be millionaires by following that, I have no idea.
Intraday only.
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