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Cable Update (GBPUSD)

  • #476,401
  • Apr 18, 2019 10:01pm Apr 18, 2019 10:01pm
Quoting essei
If GU going toward 1.28200 my account will dead, is there any way to prevent?
i think will try to push around 1.2930, but today is friday, sometimes run opposite way.. wait until london open..
  • #476,402
  • Apr 18, 2019 10:31pm Apr 18, 2019 10:31pm
The near term Support 1.2959 might give away today or next week and we can see that if this is Real Break or False Break
MY FXCM Open and Close candle is different with my FXPro Open close candle which made my outlook different although it just 2-3 pips
  • #476,403
  • Apr 19, 2019 12:08am Apr 19, 2019 12:08am
hi essei , start cheering for this
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU 15.png Size: 33 KB
Click to Enlarge Name: GU H1.png Size: 36 KB
yes yes yes
  • #476,404
  • Apr 19, 2019 12:14am Apr 19, 2019 12:14am
Quoting Moty
hi essei , start cheering for this {image} {image}
Means I will survive?
It will go up until 1.30800?
  • #476,405
  • Apr 19, 2019 12:20am Apr 19, 2019 12:20am
Good Morning Traders.

Well this has been an interesting analysis morning for me. All the GBP crosses seems to be running out of that sinking feeling. Somehow the rescue team seam to be on the way.

We are on critical level on the GBPUSD at the moment. It never reached my 1.29555 level so i am not 100% convinced of the reversal yet but i have removed all my short trades on the GBP crosses. No one can predict the market to the perfect no this is to Essie, But set rules and stick with them. I really hope you can learn a lot and make a success of trading for yourself.

Theres no rush in Forex trading its all about waiting for the perfect moment. I need the 1.29555 level to be touched before i am happy to enter on a LONG

I will sitting on the sideline till i am convinced the market is turning. Then wait for a strong level retraction then i will enter. If i miss a strong push up then let bygones be bygones. There will be more to trade.

This is my outlook. But i am out at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD19042019.jpg Size: 178 KB
  • #476,406
  • Apr 19, 2019 12:38am Apr 19, 2019 12:38am
Quoting essei
{quote} Means I will survive? It will go up until 1.30800?
We will wait and see .
Because it is a holiday, i don't accept a big move.
For a begging of something,we need price to go above daily pivot , that is a critical zone .
yes yes yes
  • #476,407
  • Apr 19, 2019 12:51am Apr 19, 2019 12:51am
Hi All, I think we could have a run up for a few hours to 1,3010 level and then turn again. I'm not telling anyone what to do as some of you should be on demo accounts until you know what you are doing.
Don't trade what you think. Just what you see!!!
  • #476,408
  • Apr 19, 2019 1:02am Apr 19, 2019 1:02am
Hi All, to be clear I would not take this trade upward as it is against downward pressure. thx
Don't trade what you think. Just what you see!!!
  • #476,409
  • Apr 19, 2019 1:02am Apr 19, 2019 1:02am
I get 3pips spread for GU, the effect of bank holiday?
Be a spectator, not a player
  • #476,410
  • Apr 19, 2019 1:14am Apr 19, 2019 1:14am
today's spread is so ................................ trade safe
  • #476,411
  • Apr 19, 2019 1:17am Apr 19, 2019 1:17am
Quoting wiserltz
I get 3pips spread for GU, the effect of bank holiday?
most professional traders will not trade today. They will be on the beach with their kids, feeling sand between their toes. Market will be slow today. Large spreads
Don't trade what you think. Just what you see!!!
  • #476,412
  • Apr 19, 2019 1:20am Apr 19, 2019 1:20am
Quoting wiserltz
I get 3pips spread for GU, the effect of bank holiday?
Yes spreads will be massive today due to everyone being on Bank Holidays. Not a safe day for scalping at all. (Lots of people stops will be reached today. )
Thats why i am a long time-frame trader. No need to worry about spreads so much.
  • #476,413
  • Apr 19, 2019 1:22am Apr 19, 2019 1:22am
Quoting Theoak
{quote} most professional traders will not trade today. They will be on the beach with their kids, feeling sand between their toes. Market will be slow today. Large spreads
exactly my plan for today, Beach- but me wife says its going to rain. like i say not my problem i will be wet in anycase. lets go

Enjoy guys i am off.
  • #476,414
  • Edited 1:33am Apr 19, 2019 1:23am | Edited 1:33am
Quoting Theoak
{quote} most professional traders will not trade today. They will be on the beach with their kids, feeling sand between their toes. Market will be slow today. Large spreads

But their computers(servers) still on line, I see price manipulate from 1.305 to 1.3, maybe a 50pips back up?

Edit: I mean the lower wicks inside green circles, clearly they are buy orders, and 40pips DD, will not frighten those "buy low" traders
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 118 KB
Be a spectator, not a player
  • #476,415
  • Apr 19, 2019 1:30am Apr 19, 2019 1:30am
Quoting Henry2501
{quote} exactly my plan for today, Beach- but me wife says its going to rain. like i say not my problem i will be wet in anycase. lets go Enjoy guys i am off.
Well here in the UK it is predicted hot weather over the bank holiday and to reiterate PREDICTED as the weather guys and girls do get it wrong sometimes.
Don't trade what you think. Just what you see!!!
  • #476,416
  • Apr 19, 2019 1:43am Apr 19, 2019 1:43am
[quote=wiserltz;12231551]{quote} Hello Wiseritz - I can see three charts you have attached over three different time frames. I'm looking from left to right as if I was reading. Everyone of them is down. Which way do you think the market will go?
Don't trade what you think. Just what you see!!!
  • #476,417
  • Apr 19, 2019 1:52am Apr 19, 2019 1:52am
[quote=Theoak;12231567]
Quoting wiserltz
{quote} Hello Wiseritz - I can see three charts you have attached over three different time frames. I'm looking from left to right as if I was reading. Everyone of them is down. Which way do you think the market will go?
The circles, bull & bear were fully released( vacuum ), when going up price can not find sellers anymore.........
Be a spectator, not a player
  • #476,418
  • Apr 19, 2019 1:59am Apr 19, 2019 1:59am
[quote=wiserltz;12231576]
Quoting Theoak
{quote} The circles, bull & bear were fully released( vacuum ), when going up price can not find sellers anymore.........
Hello wiserltz - What do you mean Vacuum? Is this like a battle with bears and bulls? Why will we not find sellers anymore? I don't understand!!!
Don't trade what you think. Just what you see!!!
  • #476,419
  • Apr 19, 2019 2:05am Apr 19, 2019 2:05am
I think what occurred with GBPUSD over the last day had been “Accumulation” a la Richard D Wyckoff and “jumping the creek” - an interesting if complex area of study!

anyone interested just type “jumping the creek” into google images and you will see the pattern that has just unfolded....
  • #476,420
  • Apr 19, 2019 2:10am Apr 19, 2019 2:10am
Quoting wiserltz
I get 3pips spread for GU, the effect of bank holiday?
yes holiday effect
Le$$ I$ More
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