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Cable Update (GBPUSD)

  • #478,541
  • May 25, 2019 12:43am May 25, 2019 12:43am
Traders are constantly trying to add as many indicators as possible to give them a more accurate picture of the trend.
But how do you identify a trend?
Two peaks and lows, rising or falling, which is both high and low daily rise or fall.
Which means that you have to take an average of the last 3 days that is the minimum.
but is we want to more accurate picture , we need to look at the hourly chart .
So just take ema 72 and by its angle we'll just take the trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU D1.png Size: 26 KB
Click to Enlarge Name: GU H1.png Size: 22 KB
yes yes yes
  • #478,542
  • May 25, 2019 5:16am May 25, 2019 5:16am
long area in GU between 2697 and 2660 for a target above 2745.
Intraday only.
  • #478,543
  • May 25, 2019 7:11am May 25, 2019 7:11am
If it is the real support of the GU for sure ..the price did not come only to climb few pips.
  • #478,544
  • May 25, 2019 7:48am May 25, 2019 7:48am
Quoting Marcieny
If it is the real support of the GU for sure ..the price did not come only to climb few pips.
Where are you going in weekend ?
  • #478,545
  • Edited 8:17am May 25, 2019 7:57am | Edited 8:17am
Quoting DailyChart
{quote} Where are you going in weekend ?
I ...stay in at home and I work with makeup on weekends...I am makeup artist...Think it would be more hobbie than work....
Sometimes I do trail ...I love nature.
  • #478,546
  • May 25, 2019 9:08am May 25, 2019 9:08am
I am long now 1.2712, stop at the low of the previous day, targeting 1.28 or timestop in 3 days. We'll see ...
MTF PA with indicators = a winning team
  • #478,547
  • May 25, 2019 11:45am May 25, 2019 11:45am
Quoting Marcieny
If it is the real support of the GU for sure ..the price did not come only to climb few pips.
Target of revarse h&s is 1.27800
yes yes yes
  • #478,548
  • May 25, 2019 12:10pm May 25, 2019 12:10pm
Quoting Mrcl
{quote} Sorry, can u please remind me whats tl stands for ?
tl =trend line
  • #478,549
  • May 25, 2019 12:19pm May 25, 2019 12:19pm
note - STA

I was in short GU since May 07. Now it seems to be trying to make his bullish impulse. But still there is room to go short because still it is in correction to relative previous impulse.If it go to impulse invalid area then there is a chance to bullish. Last bearish impulse was about 200 pips, now it covered 90pips with correction while giving me -1.5% drawdown .But i got net +6.5% gain since May 07. Like in chess i waiting for market to act then i will react accordingly. Now i am in neutral bias. Less information to take a decision.

Attached Image (click to enlarge)
Click to Enlarge Name: ice_screenshot_20190525-223606.png Size: 38 KB
" People don't care about what you say, they care about what you build "
  • #478,550
  • May 25, 2019 2:02pm May 25, 2019 2:02pm
good as start and 1.2813 initial signal , for 2966 next signal for 1.3175 1st confirmation if !!take care , fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 38 KB
Click to Enlarge Name: GBPUSDH4.png Size: 31 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #478,551
  • May 25, 2019 2:39pm May 25, 2019 2:39pm
Attached Image (click to enlarge)
Click to Enlarge Name: ?????? ?????? 2019-05-25 ? 22.38.52.png Size: 128 KB
  • #478,552
  • May 25, 2019 4:30pm May 25, 2019 4:30pm
Quoting riclater211
{quote} I decided to manually close my short as price looks like is is weakening and it bounced right off my already established trend line. Close filled @ 1.26499 netting 103.6 pips. Now a wait and see for price to retrace up 20-30% from May 6ths high or move down to break the trend line. We shall see. - Ric {image}
Sure am glad I closed that trade manually. Week ends with some traders cashing in/ taking positions.

Enjoy your weekend,

- Ric
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 05242019.png Size: 95 KB
Be humble or get humbled
  • #478,553
  • May 25, 2019 7:57pm May 25, 2019 7:57pm
Check this out!
https://www.theguardian.com/politics...hnson-campaign
sell strength in falling markets, and buy weakness in rising markets.
  • #478,554
  • May 25, 2019 10:24pm May 25, 2019 10:24pm
Quoting mik2012
{image}
is it possible (4 ) at 2967 ? once goes to 2967, (4) overlap ( 1) , it will be game changer based on EW

why 2967 and around ? roughly i see B level for bullish butterfly or deep crab, could be revisited ( not a must )

#imho
not euphoria follower
  • #478,555
  • May 25, 2019 11:58pm May 25, 2019 11:58pm
GBPUSD.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 37 KB
  • #478,556
  • May 26, 2019 12:06am May 26, 2019 12:06am
Very good. Could you add a summary on what your analysis represents? That would help newbies understand your chart.

Trade safe.

KP

Quoting Renmau
GBPUSD. {image}
Do your homework, follow the footprints of smart money
  • #478,557
  • May 26, 2019 12:11am May 26, 2019 12:11am
Quoting KeenPips
Very good. Could you add a summary on what your analysis represents? That would help newbies understand your chart. Trade safe. KP {quote}
Thank you mate
  • #478,558
  • May 26, 2019 1:49am May 26, 2019 1:49am
Quoting knkie
{quote} this is the line up Mt Everest nowadays. shocking. {image}
How do you put a picture on thread like this?
Don't trade what you think. Just what you see!!!
  • #478,559
  • May 26, 2019 1:54am May 26, 2019 1:54am
Quoting Theoak
{quote} How do you put a picture on thread like this?
Morning

Breakfast yet ?
  • #478,560
  • May 26, 2019 2:01am May 26, 2019 2:01am
Quoting DailyChart
{quote} Morning Breakfast yet ?
If I press the button for upload from device or have I got to do HTML
Don't trade what you think. Just what you see!!!
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