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Cable Update (GBPUSD)

  • #484,281
  • Jul 11, 2019 2:03am Jul 11, 2019 2:03am
Quoting Neil0163
{quote} I really like to use fibs and fib extensions once you got your head round them there brilliant they can just be used in so many different ways.
I know how to draw them, don't know how to use them! I know how to draw a picture, but I'm no leonardo da vinci!!

Just now fib level 22 couple pips off.. look like now I'm going to get stopped out... Doh!!!
Don't trade what you think. Just what you see!!!
  • #484,282
  • Jul 11, 2019 2:04am Jul 11, 2019 2:04am
Quoting Theoak
{quote} I know how to draw them, don't know how to use them! I know how to draw a picture, but I'm no leonardo da vinci!! Just now fib level 22 couple pips off.. look like now I'm going to get stopped out... Doh!!!
I guess you just got to find what works for you, I'm useless scalping
  • #484,283
  • Jul 11, 2019 2:07am Jul 11, 2019 2:07am
Bull or Bear,
Seems Carney will make a dovish statement..
I think we go to 1.2505-1.2510 first before fly to the moon..
  • #484,284
  • Jul 11, 2019 2:22am Jul 11, 2019 2:22am
Short @ 2530 - TP1 2494 TP2 2465. SL 2540.
  • #484,285
  • Jul 11, 2019 2:23am Jul 11, 2019 2:23am
Now you pay a panelty.
You revarse on me by 1 pip at the daily r1 area .and pull back to last high 1.25224 .
It's no poing now to take profit at 1.25390.
Now you pay me at daily r2 and adr target 1.25666.
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2019-07-11 10.18.12_1.jpg Size: 121 KB
yes yes yes
  • #484,286
  • Jul 11, 2019 2:23am Jul 11, 2019 2:23am
waiting for the red news at the afternoon and then of course short again!
trading is like dancing, don't think and just listen to the music!
  • #484,287
  • Jul 11, 2019 2:28am Jul 11, 2019 2:28am
Quoting Theoak
Put this on the wrong thread short 1.2529 first target 1.2526 now 26 has been hit - giving me 2.5 pip even for me a bit small 50% fib at 22 going for it then out!!!
Ok - 3 pip loss

I had a level of 22 did not hit!!!!!
For anyone and my knowledge... This was hitting resistance at 24.
So I re-draw the fib... this time not the pin bar extensions, but the candle... and guess what the new level 24 doh

Well I'm long now in at 1.2532 target 1.2553 (back to the old school)

Just experiment with these fibs at moment and like I say I'm no leonardo da vinci for this reason this might not suit me.

Every day a school day!!
Don't trade what you think. Just what you see!!!
  • #484,288
  • Jul 11, 2019 2:29am Jul 11, 2019 2:29am
Quoting Bones
I'm backing up my internal data with a chart {quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-07-11 at 08.27.03.png Size: 133 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,289
  • Jul 11, 2019 2:32am Jul 11, 2019 2:32am
Quoting Neil0163
{quote} Yeah now the HL at 1.252 got broke but only from a corrective perspective not expecting a big bull run. But of course anything could happen.
Hi Neil0163, I hold the view that the bulls are here, I'm viewing any moves down as corrective waves, but for me the trend is bullish.

Guz
Charts don't drive price, market conditions drive price...
  • #484,290
  • Jul 11, 2019 2:34am Jul 11, 2019 2:34am
Let's see if London is going to help out with the 1.2540 critical number
  • #484,291
  • Jul 11, 2019 2:41am Jul 11, 2019 2:41am
Quoting Guztro
{quote} Hi Neil0163, I hold the view that the bulls are here, I'm viewing any moves down as corrective waves, but for me the trend is bullish. Guz
I've got targets down at 1.235 for now and corrective bull waves. But for now I'm a buyer in the corrective waves up well what I think are corrective waves up I could be wrong though. If you take a look on the daily we still made a lower low so I'd now be looking for a LH before more movement down
  • #484,292
  • Jul 11, 2019 2:43am Jul 11, 2019 2:43am
not anything, at all times
Quoting Neil0163
{quote} But of course anything could happen.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,293
  • Jul 11, 2019 2:43am Jul 11, 2019 2:43am
Quoting Bones
{quote}I'm backing up my internal data with a chart {image}

Good approach. I'm adopting it!!
  • #484,294
  • Jul 11, 2019 2:43am Jul 11, 2019 2:43am
range
Quoting Neil0163
{quote} I've got targets down at 1.235 for now and corrective bull waves. But for now I'm a buyer in the corrective waves up well what I think are corrective waves up I could be wrong though. If you take a look on the daily we still made a lower low so I'd now be looking for a LH before more movement down
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,295
  • Jul 11, 2019 2:44am Jul 11, 2019 2:44am
Quoting ganam
A quick question teams, why GB want to go from EU. what benefits simply GB will get?..if any one knows simple tell..there is lot of big analysis in google...
We Brits love a laugh!!We have voted people to represent us in Europe who don’t want to be there!!
Don't trade what you think. Just what you see!!!
  • #484,296
  • Jul 11, 2019 2:45am Jul 11, 2019 2:45am
Quoting directxxx
Let's see if London is going to help out with the 1.2540 critical number
Target price hit. Now for a possible reversal into the range
  • #484,297
  • Jul 11, 2019 2:46am Jul 11, 2019 2:46am
Quoting Suj
Branson has indicated on a gloomy pound value in the coming months if hard brexit.
Is he the fella who does the Beans?
Don't trade what you think. Just what you see!!!
  • #484,298
  • Jul 11, 2019 2:57am Jul 11, 2019 2:57am
No no no my friend.1.25390 is not enough for me.
I have a bigggg appetite.
You will pay extra.
1.25666 , you play , you pay
Attached Image (click to enlarge)
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yes yes yes
  • #484,299
  • Jul 11, 2019 2:58am Jul 11, 2019 2:58am
daily is bullish because it printed
a high probability piercing line then broke
up against res right now
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,300
  • Jul 11, 2019 3:00am Jul 11, 2019 3:00am
its very difficult to change even with crazy C coming up
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Daily.png Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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