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Cable Update (GBPUSD)

  • #484,221
  • Jul 10, 2019 11:20am Jul 10, 2019 11:20am
Quoting forex_dimi
I was expecting more... Seem market is waiting CPI tmr. Theoak, this is for you (I don't trade that), the 2nd fibo was drawn from 5min chart, but expecting 45-51lvl as a completion for that. Personally I am expecting at least 1.2530lvl to get first all stops out. PS this is NOT my trade, just showing another fibos. {image}
thanks--- just trying something

You have done your lvels as far as I can see it off the high and low of the move

I'm doing it off yesterdays High and low!!

Made money today with a little help from Powell!!!!
Don't trade what you think. Just what you see!!!
  • #484,222
  • Jul 10, 2019 11:22am Jul 10, 2019 11:22am
Quoting Theoak
{quote} Dingo - How I'm looking at this is High fib level 1.2516 low one 1.2498 which ever one gets bloke I'm going with!! or else just take the pips in this range!! o

Set your fibs up from left to right in the GBP/USD, start at the highest high in the 4 hour chart at 1.3381, then drag it to the lowest low at 1.24394,
Then add your fractal levels over that a see what you get my friend.
Edit open two charts in the same way, one at 4 hour the other at 1 or 5 or 15 min chart for your entries and exits, it's great for scalping.
Attached File(s)
File Type: mq4 FractalSupportResistance.mq4   4 KB | 196 downloads
  • #484,223
  • Jul 10, 2019 11:23am Jul 10, 2019 11:23am
Quoting Moty
{quote} maybe after 1.25390 {image}
Always nice to see fib' confirming my data. Price won't see 2539 today.
  • #484,224
  • Jul 10, 2019 11:23am Jul 10, 2019 11:23am
Quoting ganam
{quote} ohhh bones.....here u go......GBP can be saved only with good economic data... {image}
Thanks, Bud. we are all entitled to our opinions, will follow your post with interest. Is it fundamentals that are driving your bearish outlook and if so, what are your economic drivers? More specifically can you post your short trades in real time so we can all get an in depth look at your trading strategy and forward guidance.
Cheers
Trade to trade another day
  • #484,225
  • Jul 10, 2019 11:26am Jul 10, 2019 11:26am
Quoting Wavegarrick
{quote} Thanks, Bud. we are all entitled to our opinions, will follow your post with interest. Is it fundamentals that are driving your bearish outlook and if so, what are your economic drivers? More specifically can you post your short trades in real time so we can all get an in depth look at your trading strategy and forward guidance. Cheers
All have their on toughts...just added my views only..no hurt feelings...not a big a trader too...
follow the flow of music $
  • #484,226
  • Jul 10, 2019 11:34am Jul 10, 2019 11:34am
PS For fundamental purposes only (I don't trade that long term). BOE has stated that there could be a rate hike on No Deal Brexit.
(don't know whether they are really going to do that, or just calming the market)
  • #484,227
  • Jul 10, 2019 11:38am Jul 10, 2019 11:38am
Quoting forex_dimi
PS For fundamental purposes only (I don't trade that long term). BOE has stated that there could be a rate hike on No Deal Brexit. (don't know whether they are really going to do that, or just calming the market)
Please give the source.. Thx
  • #484,228
  • Jul 10, 2019 11:43am Jul 10, 2019 11:43am
in fact eur / gbp has a flag in months.
  • #484,229
  • Jul 10, 2019 11:44am Jul 10, 2019 11:44am
Quoting Moty
{quote} maybe after 1.25390 {image}
Moty, monitor closely move from 4 to 5 because PA is typical for correction (overlaping sections/swings) only possible scenario for W:5 is ugly diagonal wave...Take care.
Attached Image (click to enlarge)
Click to Enlarge Name: GU07.10.15M.g.PNG Size: 87 KB
Always trade your own plan...I don't provide trading signals.
  • #484,230
  • Jul 10, 2019 11:52am Jul 10, 2019 11:52am
Quoting viankoko88
{quote} Please give the source.. Thx
It was tweeter, Tenreyro today and more or less Carney (not so sure if it was yesterday)

https://www.fxstreet.com/news/boes-t...n=fxstreetnews
  • #484,231
  • Edited 12:10pm Jul 10, 2019 11:58am | Edited 12:10pm
Quoting ganam
{quote} All have their on toughts...just added my views only..no hurt feelings...not a big a trader too...
It is all good my friend...We take it as it comes.
Cheers.
Trade to trade another day
  • #484,232
  • Jul 10, 2019 12:03pm Jul 10, 2019 12:03pm
Quoting Dingoman-two
{quote} Set your fibs up from left to right in the GBP/USD, start at the highest high in the 4 hour chart at 1.3381, then drag it to the lowest low at 1.24394, Then add your fractal levels over that a see what you get my friend. Edit open two charts in the same way, one at 4 hour the other at 1 or 5 or 15 min chart for your entries and exits, it's great for scalping. {file}
Cheers Dingo --- I can't open these, but not to worry. I think I get the idea. I need to do it on the move rather than the High and low of yesterday. it seems to match the turning points better!!
Don't trade what you think. Just what you see!!!
  • #484,233
  • Jul 10, 2019 12:03pm Jul 10, 2019 12:03pm
flag Eur/gbp please tell us .... "let's get down"?
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp0707.png Size: 95 KB
  • #484,234
  • Jul 10, 2019 12:04pm Jul 10, 2019 12:04pm
I don't doubt the larger picture, the driver is Brexit
general data I just monitor and I didn't think was all that bad
Quoting ganam
{quote} ohhh bones.....here u go......GBP can be saved only with good economic data... {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,235
  • Jul 10, 2019 12:08pm Jul 10, 2019 12:08pm
here's my daily
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Daily.png Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,236
  • Jul 10, 2019 12:13pm Jul 10, 2019 12:13pm
high to take is 1521
Quoting mbrown
{quote} I'll take 25139!!!
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,237
  • Jul 10, 2019 12:15pm Jul 10, 2019 12:15pm
Quoting Bones
high to take is 1521 {quote}
No 2515.
  • #484,238
  • Jul 10, 2019 12:37pm Jul 10, 2019 12:37pm
Beautiful divergence...

maybe I can say the strongest of all divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp07072.png Size: 93 KB
  • #484,239
  • Jul 10, 2019 12:40pm Jul 10, 2019 12:40pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-13-hours.png Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,240
  • Jul 10, 2019 12:43pm Jul 10, 2019 12:43pm
On the 1 hour if when the 10 and 20 ema cross I go long and thevstop is 5 pips below the 10 ema where it crosses
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