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Cable Update (GBPUSD)

  • #483,661
  • Jul 8, 2019 11:09am Jul 8, 2019 11:09am
Quoting Theoak
{quote} I'm out too + 5 pips. If it breaks this round number I'm back in!!! Did not want to post anything to cloud your judgement, but it has a chance to breaks as well bounce!
Well it did bounce, but if it breaks 1.2500. Can you imagine the move. I'm back in with small stop loss!!!!!
Don't trade what you think. Just what you see!!!
  • #483,662
  • Edited 11:39am Jul 8, 2019 11:21am | Edited 11:39am
Quoting kelvinftg
{quote} Moty is seriously like a broken record it's funny. Rinse and repeat and your account will be blown again. Since you are still very long bias. Please explain why you bought at where you bought, instead of at these yellow zones that you drawn. Or WAIT till prices drop to yesterday's low around 1.2500 support zone to buy? You literally bought at resistance and Daily Pivot that hasn't been broken. You still don't get it. You open trades at the WORST places, ie. buy at tops, and sell at bottoms. Then only you start drawing your charts. If the...
there was a false break .
any way i am still in the game
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU d1.png Size: 23 KB
Click to Enlarge Name: gu 15.png Size: 30 KB
Click to Enlarge Name: GU h1.png Size: 30 KB
yes yes yes
  • #483,663
  • Jul 8, 2019 11:22am Jul 8, 2019 11:22am
Quoting Theoak
{quote} Well it did bounce, but if it breaks 1.2500. Can you imagine the move. I'm back in with small stop loss!!!!!
I try to short again.. but for small a lot i guess.. TP 10 pips
  • #483,664
  • Jul 8, 2019 11:30am Jul 8, 2019 11:30am
Quoting Theoak
{quote} Well it did bounce, but if it breaks 1.2500. Can you imagine the move. I'm back in with small stop loss!!!!!
OUT LOSS 6.7 PIPS Doh
Don't trade what you think. Just what you see!!!
  • #483,665
  • Jul 8, 2019 11:39am Jul 8, 2019 11:39am
Quoting Theoak
In my view the EURO is going to drop like a stone!!!!
Are you talking about a 1 minute chart. Currently showing a reversal on higher time frames
  • #483,666
  • Jul 8, 2019 11:44am Jul 8, 2019 11:44am
Quoting directxxx
{quote} Are you talking about a 1 minute chart. Currently showing a reversal on higher time frames
Got out of this a while back + 6 pips. The same situation as this one. Resistance at the lower level. If this does break (1.2500 it should fly). This round number is acting like a spring board for the bulls!!
Don't trade what you think. Just what you see!!!
  • #483,667
  • Jul 8, 2019 12:01pm Jul 8, 2019 12:01pm
Hi Guys,
A few pointers from me from a 4hr perspective. I do not have a buy signal yet. Significant for me is the round number 1.25000 which is holding at the moment. A daily close below could give bears impetus which I doubt at this point in time. Tomorrow should be more clear. My weekly open at 1.25254 is very important to me for a close and hold above and above the descending trend line, a must to line up with my indicator at the bottom of my chart for a buy trade. The 4 hr candle currently looking good and if a bullish engulfing candle one of the ingredients for a buy trade.

Early days, we shall see. Will assess tomorrow again. Patience key here.
Trade safe.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_150.png Size: 79 KB
Trade to trade another day
  • #483,668
  • Jul 8, 2019 12:12pm Jul 8, 2019 12:12pm
the price itself can not stand so much indecision
  • #483,669
  • Jul 8, 2019 12:26pm Jul 8, 2019 12:26pm
Quoting blackjacker
Not sure it can break and hold below 1.25. But if that happens then new lows on the map. Moved the pending buy to 1.24. Here 15 min. {image}
1.25 still holds. Even if there is some candle closing below- 4hrs or daily the lows might get rejected very quickly. London open might bring some move but I think nothing significant before Powell. Even after Powell there might be nothing. Beware sometimes moves are sudden and unexpected.
  • #483,670
  • Jul 8, 2019 12:51pm Jul 8, 2019 12:51pm
I stopped my trades sooner ... And I may be wrong more may be having manipulation in the market, or GU in fact for years has not yet found the support
  • #483,671
  • Jul 8, 2019 1:02pm Jul 8, 2019 1:02pm
Quoting Wavegarrick
Hi Guys, A few pointers from me from a 4hr perspective. I do not have a buy signal yet. Significant for me is the round number 1.25000 which is holding at the moment. A daily close below could give bears impetus which I doubt at this point in time. Tomorrow should be more clear. My weekly open at 1.25254 is very important to me for a close and hold above and above the descending trend line, a must to line up with my indicator at the bottom of my chart for a buy trade. The 4 hr candle currently looking good and if a bullish engulfing candle one of...
saw that next to the pips ... Is it any extension to metatrader that already counts the pips?
  • #483,672
  • Jul 8, 2019 1:28pm Jul 8, 2019 1:28pm
Should be clear by tomorrow. Might even happen tonight in the Asian session Marcieny
  • #483,673
  • Jul 8, 2019 1:37pm Jul 8, 2019 1:37pm
Quoting Marcieny
{quote} saw that next to the pips ... Is it any extension to metatrader that already counts the pips?
Hi Marcieny.
Not sure if I understand you correctly nevertheless, it is not an extension of mt4 but a custom made indicator here on FF, so will cover all areas. I have my pip count in green if profitable and red if in loss at the bottom right corner of my screen.
I use this indicator:
Attached File(s)
File Type: mq4 pipsometer_decimal_edit_2.mq4   4 KB | 495 downloads

Candle time and spread:
Attached File(s)
File Type: mq4 Candle Time & Spread.mq4   2 KB | 445 downloads

Cheers.
Trade to trade another day
  • #483,674
  • Jul 8, 2019 1:48pm Jul 8, 2019 1:48pm
I advise any newtrader to try and not pick out bottoms or tops and trade with the trend, there is absolutely no reason to be bullish on this pair, even if you was to counter trend trade there is still no reason for bullish bias as of yet. Study the chart below and see how the market moves. I posted short last week when people went long all based on fibs technical analysis and raw market movement. I didn't care for news or any fundamental related factors. Price is fractal that's it. Take my advise or leave it and end up in hideous drawdown, blown accounts or stopped out of your trades which many did last week.
Kind regards
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2019-07-08-19-43-48.png Size: 125 KB
  • #483,675
  • Jul 8, 2019 2:48pm Jul 8, 2019 2:48pm
Quoting Wavegarrick
{quote} Hi Marcieny. Not sure if I understand you correctly nevertheless, it is not an extension of mt4 but a custom made indicator here on FF, so will cover all areas. I have my pip count in green if profitable and red if in loss at the bottom right corner of my screen. I use this indicator: {file} Candle time and spread: {file} Cheers.
Many Thanks Wavegarrick

I'm trying to put it in mine but mine is MT5, maybe it will not work.
Candle Time and Spread I have
  • #483,676
  • Jul 8, 2019 3:56pm Jul 8, 2019 3:56pm
immediate price is not in a downtrend, that's a major number
only a week ago it was in an uptrend on that basis
if breaks that range down and holds I agree
The $ carries a bearish monthly, likely retrace last week = too early to say,
this week must print USD bear to be true
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #483,677
  • Jul 8, 2019 4:02pm Jul 8, 2019 4:02pm
price has been ugly for an outright reader this is true
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-Weekly.png Size: 45 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #483,678
  • Jul 8, 2019 4:04pm Jul 8, 2019 4:04pm
wider picture cable is in a downtrend for sure
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #483,679
  • Jul 8, 2019 10:26pm Jul 8, 2019 10:26pm
trading GJ may be better option. shorting below 136.28
Intraday only.
  • #483,680
  • Jul 8, 2019 10:57pm Jul 8, 2019 10:57pm
Attached Image (click to enlarge)
Click to Enlarge Name: GU d1.png Size: 28 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GU h1.png Size: 27 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gu 15.png Size: 34 KB
yes yes yes
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