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Cable Update (GBPUSD)

  • #465,361
  • Oct 2, 2018 3:59am Oct 2, 2018 3:59am
Quoting akim0895
{quote} its coming E
2933 could be next
  • #465,362
  • Oct 2, 2018 4:00am Oct 2, 2018 4:00am
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #465,363
  • Oct 2, 2018 4:04am Oct 2, 2018 4:04am
We can see on the 1H where price is trying to get to in order to pull the average under the 3010.

We can see the pullbacks for entries on the 5M... All we need to do is trail the stop until we stop out.
Attached Image (click to enlarge)
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  • #465,364
  • Oct 2, 2018 4:07am Oct 2, 2018 4:07am
Quoting elbert3
Coming up to 4 hour support 2957 if it goes I would think
Thank you . But now I have a bottom tl here so watch any sign of bounce or breakdown
  • #465,365
  • Oct 2, 2018 4:13am Oct 2, 2018 4:13am
its controlled by the news today.gbp.maybe more bearish run to follow
  • #465,366
  • Oct 2, 2018 5:18am Oct 2, 2018 5:18am
small long 2956 for coffee n donut
stop 36pips
just for a cup of coffee...
  • #465,367
  • Oct 2, 2018 5:23am Oct 2, 2018 5:23am
Quoting akim0895
small long 2956 for coffee n donut stop 36pips
For coffee and donut, it may not be enough. Trade bigger lots.
Intraday only.
  • #465,368
  • Oct 2, 2018 5:25am Oct 2, 2018 5:25am
Quoting Nala66
We can see on the 1H where price is trying to get to in order to pull the average under the 3010. We can see the pullbacks for entries on the 5M... All we need to do is trail the stop until we stop out. {image}

This is why I am looking forward to your Thread. With your System, for me, on H1 the sell entry today would have been the low of the 5th or 6th H1 candles of the day at 3038 or 3033 respectively. On the M5 TF, the sell entry would have been 3031 at about 6am GMT. Your system also makes it easy to track PA retracements
  • #465,369
  • Oct 2, 2018 5:30am Oct 2, 2018 5:30am
It is a free fall day.

Never ever trade long today.
Intraday only.
  • #465,370
  • Oct 2, 2018 5:40am Oct 2, 2018 5:40am
Quoting navk
{quote} For coffee and donut, it may not be enough. Trade bigger lots.

i still have my short from yesterday mate
just small lots for scalps
just for a cup of coffee...
  • #465,371
  • Oct 2, 2018 5:49am Oct 2, 2018 5:49am
Quoting akim0895
{quote} i still have my short from yesterday mate just small lots for scalps
you see the problem is, you are interested only in cofee and donut.

Some will feel bigger opportunity to long and aim for Mecedez and loose all.
Intraday only.
  • #465,372
  • Oct 2, 2018 5:53am Oct 2, 2018 5:53am
I think 2903 could be a support, will be keeping an eye on it anyway....
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Look Sharp/Trade Tight
  • #465,373
  • Oct 2, 2018 5:54am Oct 2, 2018 5:54am
Quoting Bydyke
{quote} This is why I am looking forward to your Thread. With your System, for me, on H1 the sell entry today would have been the low of the 5th or 6th H1 candles of the day at 3038 or 3033 respectively. On the M5 TF, the sell entry would have been 3031 at about 6am GMT. Your system also makes it easy to track PA retracements
Yes I am sorry my friend but I just have so much on my plate at this time to do anything.

Bush fire season is approaching and I have to travel hundreds of Kilometers to get my holiday home clear of grasses and stuff.

I have to have this completed by the 12th October, then add a bit of fishing on top of that and I should then have some free time.

That is about right what you said above except I don't take entries from the 1H only the inference of direction is taken from that. The 1M and 5M are the ones I take the entries from and then hold out until I get my target or get stopped out.

I am actually aiming for a 50:1 ratio each day but I will explain that in more detail later.
  • #465,374
  • Oct 2, 2018 5:59am Oct 2, 2018 5:59am
Quoting navk
{quote} you see the problem is, you are interested only in cofee and donut. Some will feel bigger opportunity to long and aim for Mecedez and loose all.
ha ha ️
just for a cup of coffee...
  • #465,375
  • Oct 2, 2018 6:04am Oct 2, 2018 6:04am
retracement is almost over guys
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Profit growth tells you the trader ability.
  • #465,376
  • Oct 2, 2018 6:05am Oct 2, 2018 6:05am
Quoting elbert3
{quote} 2933 could be next
2895 I would also like to see today
  • #465,377
  • Oct 2, 2018 6:23am Oct 2, 2018 6:23am
Quoting elbert3
{quote} 2895 I would also like to see today
maybe uncle ‘powell’ speech later today can push its there
just for a cup of coffee...
  • #465,378
  • Oct 2, 2018 6:43am Oct 2, 2018 6:43am
Quoting Nala66
{quote} Yes I am sorry my friend but I just have so much on my plate at this time to do anything. Bush fire season is approaching ...
I quite understand. I wish you the very best in your preparations. Hats up for your Bull Support-Bear Support Average Trading System
  • #465,379
  • Oct 2, 2018 7:25am Oct 2, 2018 7:25am
Quoting Trade-G
{quote} H4 closing capped at 1.3082, lets see if the next 4 hrs be capped or clear. There is a doable HNS on H4 and these are all now at the neckline turned resistance.
Just back... nice breakout after H4 remains capped at 1.3082 and thereafter 1.3054
  • #465,380
  • Oct 2, 2018 7:30am Oct 2, 2018 7:30am
A potential Inverse HNS on the M5 after the break of previous weeks low at 1.3000 there is a slight chance it may just do it. now supported at weekly S1
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