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Cable Update (GBPUSD)

  • #476,901
  • May 3, 2019 9:44am May 3, 2019 9:44am
Hello Peeps sorry i was out all day. i see i missed a nice Push of the 50% retracement on 4hour, Agg well there will be more in the future. Hope someone here caught it. Well i am not trading anything this late on a friday, My Short GBP orders was removed at break even. well a small win but nothing to call home about.

I will be shorting again at level 1.312 as this is just a temporary push up. But will analyze on monday to see what happens.
Safe trading and have a good weekend.
  • #476,902
  • May 3, 2019 9:45am May 3, 2019 9:45am
Anyone still see 1.27?
If you want in on my experimental EA, PM me.
  • #476,903
  • May 3, 2019 9:54am May 3, 2019 9:54am
Just loss 100 pips straight..
The NFP has no effect at all..
  • #476,904
  • May 3, 2019 9:57am May 3, 2019 9:57am
Quoting Henry2501
Hello Peeps sorry i was out all day. i see i missed a nice Push of the 50% retracement on 4hour, Agg well there will be more in the future. Hope someone here caught it. Well i am not trading anything this late on a friday, My Short GBP orders was removed at break even. well a small win but nothing to call home about. I will be shorting again at level 1.312 as this is just a temporary push up. But will analyze on monday to see what happens. Safe trading and have a good weekend.
Hi, yes i anticipated butterfly pattern at least 1.3119, Be careful of cross- party news in next week, Gbp will reach 1.3380 if they reach an agreement.
  • #476,905
  • May 3, 2019 9:59am May 3, 2019 9:59am
Quoting Mrcl
Just loss 100 pips straight.. The NFP has no effect at all..
Inflation was problem not NFP, hourly earning was lower than expected,
  • #476,906
  • May 3, 2019 10:01am May 3, 2019 10:01am
Quoting ksen
{quote} Hello Henry. Can you share your not standard numbers MA, please? If not so ok, without problems
I can but every currency on my system works with a different moving average, Its confusing but it took me a long time to work out.
Its just a standard moving average that i use on a 4hour timeframe. Nothing lower than that. I will upload the indicator that adjust auto adjust to 30min,1hour and 4 hour timeframe.

Just load this indicator on your GBP chart. It automatically adjusts itself to what ever time frame you load. So it will look the same on 30min, 1 hour, and 4 hour, timeframe. so you know where the targets are.
Attached File(s)
File Type: ex4 Auto_Adjusting_4H_MA Slow_GBP_only.ex4   9 KB | 293 downloads


You just got to remember there is more to just following an Moving average. You got to look at resistance levels, You got to understand what you doing and WHY you doing it. Its not just load a moving average and then poof you making money. It also does not really matter what value the moving average is. its how you interperate the market that is the big picture here.
There is no beter knowledge than time infront of the charts and study the charts not the news. You can make the moving average 500 and still have similar results. The way i trade is what makes it work for me just remeber that. If you take any moving average on your chart and follow it back you will see there is a pattern to be learned. Follow that pattern and trade it no mater what. If it goes against you the pattern was broken but all markets follow a set out pattern. And unfortunately every currency has a slightly different pattern and react to different Moving averages.


Its actually simple but people dont follow simple plans. They believe it must be complicated. Its actually simple. The less noise on the chart the better you trade.
  • #476,907
  • May 3, 2019 10:10am May 3, 2019 10:10am
Quoting Henry2501
{quote} I can but every currency on my system works with a different moving average, Its confusing but it took me a long time to work out. Its just a standard moving average that i use on a 4hour timeframe. Nothing lower than that. I will upload the indicator that adjust auto adjust to 30min,1hour and 4 hour timeframe. Just load this indicator on your GBP chart. It automatically adjusts itself to what ever time frame you load. So it will look the same on 30min, 1 hour, and 4 hour, timeframe. so you know where the targets are. {file}
Thank you so much
  • #476,908
  • May 3, 2019 10:17am May 3, 2019 10:17am
Quoting Spmt
Time to go {quote} {image}
DONE DOEN
  • #476,909
  • May 3, 2019 10:22am May 3, 2019 10:22am
Short 3170 tp 3010
  • #476,910
  • May 3, 2019 10:24am May 3, 2019 10:24am
Quoting Spmt
FLy Fly {image}
Great call!
  • #476,911
  • May 3, 2019 10:31am May 3, 2019 10:31am
Well this was very interesting. Someone put a rocket under the Bull's a$$
I went short at 1.31609 TP at level 1.29800
Now peeps this is a dangerous trade. With this much momentum she might push through the 1.316 level
1.316 level is a key level - This is a large supply zone where people dumb or buy.
But i like the massive spike so i went short.

Spikes are my friends long time.

If you looked at my analysis and other people here you should have caught the 4hour bounce at the 50% retracement, it was stuck there for a while and there was a beautiful low test candle on the 4hour chart, a simple but effective signal to go long. Spmt i see said go long and he was perfectly correct just before the news release.
  • #476,912
  • May 3, 2019 10:33am May 3, 2019 10:33am
#GBPUSD / H4
Attached Image (click to enlarge)
Click to Enlarge Name: Ev1uPAO.png Size: 65 KB
  • #476,913
  • May 3, 2019 10:44am May 3, 2019 10:44am
Party talks now..could be why GBP is being bought..
If you want in on my experimental EA, PM me.
  • #476,914
  • May 3, 2019 10:54am May 3, 2019 10:54am
Good point, there. Each trader mastering their system.

KP

Quoting Henry2501
{quote} ... It also does not really matter what value the moving average is. its how you interperate the market that is the big picture here. There is no beter knowledge than time infront of the charts and study the charts not the news. You can make the moving average 500 and still have similar results. The way i trade is what makes it work for me just remeber that...
Do your homework, follow the footprints of smart money
  • #476,915
  • May 3, 2019 10:54am May 3, 2019 10:54am
Hi guys I’m new here. Thank you so much for sharing techniques and knowledge, I have learned a lot here, thank you very much and have a good weekend.
  • #476,916
  • May 3, 2019 10:57am May 3, 2019 10:57am
Quoting Piparins
{quote} A picture tells a thousand words Could you please enlighten me/us, where did you get 200 pips trade! Tank you!
Could you please enlighten me/us No Thank you
  • #476,917
  • May 3, 2019 10:59am May 3, 2019 10:59am
after hit target 3131 , next target goes to 3189 & but fight for 3152 daily close & some ranging small tl/limit 3101 or even more limit 3032 . lets see & take care
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 26 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #476,918
  • May 3, 2019 11:28am May 3, 2019 11:28am
Hey my Crystal Ball was pretty accurate again!

18 hours ago ..........

"
Mmm interesting just run my daily AI Bot "crystal ball" and it says an attack on 1.31 again most likely happen tomorrow and not wait till next week. But i only need another 30 pips im not greedy

Anyway If we end up there on friday close this week we are looking for 1.3250+ by late next week.

BTW you don't need to work out how far cable will move only need a direction. Just skim 20 pips a day compounded makes a million $$$$$ in a couple of years

1
  • #476,920
  • May 3, 2019 12:09pm May 3, 2019 12:09pm
divergene-h4-bearish
61%=1.31841
under-this-price!SELL
maybe:1.30858
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