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Cable Update (GBPUSD)

  • #480,341
  • Jun 6, 2019 11:40am Jun 6, 2019 11:40am
Quoting AriesTran
{quote} Yes you are right, but when =)) and want to see it not think. Now I see it is downing
AriesTran, here is the channel, price will now move down in this channel....it is a market correction!

Guz
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Charts don't drive price, market conditions drive price...
  • #480,342
  • Jun 6, 2019 11:59am Jun 6, 2019 11:59am
h1
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yes yes yes
  • #480,343
  • Jun 6, 2019 12:00pm Jun 6, 2019 12:00pm
Gbp not looking good for tomorrow now. Double top with double bearish pin bar. Upside it can go tomorrow we know now but downside ??
sell strength in falling markets, and buy weakness in rising markets.
  • #480,344
  • Jun 6, 2019 12:05pm Jun 6, 2019 12:05pm
Newbies like me wouldn't be able to take profit in such market conditions even when you try to do text book trade , eventually you would tumble and close the trade in losses because of lack of experience or confidence.
sell strength in falling markets, and buy weakness in rising markets.
  • #480,345
  • Jun 6, 2019 12:12pm Jun 6, 2019 12:12pm
Quoting htcone
Newbies like me wouldn't be able to take profit in such market conditions even when you try to do text book trade , eventually you would tumble and close the trade in losses because of lack of experience or confidence.
I've been trading successfully for 15 years, it's what I do for a living. There are senior traders here you can learn from. I don't scalp, I never scalped ever...but I trust my trading method fully, and with it I consistently take 1000 pips out of the market every week. I'll re post my chart when the move is done to show you where price was heading...

Guz
Charts don't drive price, market conditions drive price...
  • #480,346
  • Jun 6, 2019 12:25pm Jun 6, 2019 12:25pm
Quoting Guztro
{quote} AriesTran, here is the channel, price will now move down in this channel....it is a market correction! Guz {image}
GU is heading towards 2745, not 2600, imho.
Everyone can see the chart, but only a few can actually read it.
  • #480,347
  • Jun 6, 2019 12:27pm Jun 6, 2019 12:27pm
Quoting OnlineAddict
{quote} GU is heading towards 2745, not 2600, imho.
Let's see...
Charts don't drive price, market conditions drive price...
  • #480,348
  • Jun 6, 2019 12:29pm Jun 6, 2019 12:29pm
Quoting Guztro
{quote} Let's see...
Exactly!
Everyone can see the chart, but only a few can actually read it.
  • #480,349
  • Edited 1:13pm Jun 6, 2019 12:56pm | Edited 1:13pm
Quoting OnlineAddict
{quote} Exactly!
correction? pin from intersection 21 and 8 EMA
  • #480,350
  • Jun 6, 2019 12:58pm Jun 6, 2019 12:58pm
Quoting mik2012
{quote} correction?
Yes, towards 1.31-32
Everyone can see the chart, but only a few can actually read it.
  • #480,351
  • Jun 6, 2019 1:14pm Jun 6, 2019 1:14pm
Quoting Guztro
{quote} I've been trading successfully for 15 years, it's what I do for a living. There are senior traders here you can learn from. I don't scalp, I never scalped ever...but I trust my trading method fully, and with it I consistently take 1000 pips out of the market every week. I'll re post my chart when the move is done to show you where price was heading... Guz
Hi if you show your trades at place time then we can see your claim of a 1000 pips a week .around here with some of thease traders you WILL BE A GOD. Regards E
  • #480,352
  • Jun 6, 2019 1:16pm Jun 6, 2019 1:16pm
Quoting Guztro
{quote} AriesTran, here is the channel, price will now move down in this channel....it is a market correction! Guz {image}
Nice chart . Looking left
  • #480,353
  • Jun 6, 2019 1:19pm Jun 6, 2019 1:19pm
Quoting OnlineAddict
{quote} Yes, towards 1.31-32
to go up there must be something good for gbp,us president visit wasnt that thing,earnings vanised,now below 1,27,in my 4h chart see starting bullish momentum,but im afraid for big correction and bulls masive disaster
  • #480,354
  • Jun 6, 2019 1:24pm Jun 6, 2019 1:24pm
Quoting elbert3
{quote} Hi if you show your trades at place time then we can see your claim of a 1000 pips a week .around here with some of thease traders you WILL BE A GOD. Regards E
It's easy really...it's called correlation! I do my technical analysis on the EURUSD and USDCAD ONLY! I trade USDCHF opposite direction to EURUSD (Basic Economics) and I trade GBPUSD opposite to USDCAD....Tadaa!

Here's the kicker...you need to get you technical analysis spot on...that's it!

Guz
Charts don't drive price, market conditions drive price...
  • #480,355
  • Jun 6, 2019 1:26pm Jun 6, 2019 1:26pm
Quoting xristos2512
{quote} to go up there must be something good for gbp,us president visit wasnt that thing,earnings vanised,now below 1,27,in my 4h chart see starting bullish momentum,but im afraid for big correction and bulls masive disaster
US announced a delay in Mexico tariffs...that is good for markets in general, but more so for....WAIT FOR IT....USD!

Guz
Charts don't drive price, market conditions drive price...
  • #480,356
  • Jun 6, 2019 1:28pm Jun 6, 2019 1:28pm
I'm saving some analysis on topic I did for this....all you can go there and see....I can't keep just for myself what I see...As I always say...my goal is the same as everyone here... make money.
  • #480,357
  • Jun 6, 2019 1:32pm Jun 6, 2019 1:32pm
but 1000 pips per week,impossible,if you could that you would bee ceo in a majr firm and not being here post ideas
  • #480,358
  • Edited 1:45pm Jun 6, 2019 1:33pm | Edited 1:45pm
a gift to everyone! It seems on the weekly GBPJPY reversal setup !
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  • #480,359
  • Jun 6, 2019 1:34pm Jun 6, 2019 1:34pm
Quoting xristos2512
but 1000 pips per week,impossible,if you could that you would bee ceo in a majr firm and not being here post ideas
He didn't do 1000 pips in his lifetime. People with crazy claims like that have no results in reality.
Everyone can see the chart, but only a few can actually read it.
  • #480,360
  • Jun 6, 2019 1:35pm Jun 6, 2019 1:35pm
Quoting xristos2512
but 1000 pips per week,impossible,if you could that you would bee ceo in a majr firm and not being here post ideas
Impossible? Really? Scalpers won't see that, but speak to any successful swing trader and you'll understand what is truly possible. By the way, there are 28 pairs...I just trade 6 of them.

Guz
Charts don't drive price, market conditions drive price...
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