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Cable Update (GBPUSD)

  • #487,121
  • Jul 26, 2019 6:49am Jul 26, 2019 6:49am
Quoting Neil0163
{quote} Correct me if I'm wrong but I'm sure you said last week there is no such things as triangles in Forex?
you can see them on the charts, but how do you trade this now?
They produce fake moves frequently (i.e. break out/down and reverse).

Next time you see a triangle setup, please send in your SL/TP details based on triangle setup, thanks.
  • #487,122
  • Jul 26, 2019 6:49am Jul 26, 2019 6:49am
Quoting asgcorp
{quote} long-term? At least until 31st Oct 2019 DXY will reign supreme, period. Forget about long-term, this is not the US stock market.
long term is a bias i.e buy dips rinse and repeat im not going to be short cable one day and be long the next thats not how i trade
  • #487,123
  • Jul 26, 2019 6:51am Jul 26, 2019 6:51am
Quoting Theoak
{quote} Gone for short now in at 1.2430
Busted - 5 pips
Don't trade what you think. Just what you see!!!
  • #487,124
  • Jul 26, 2019 6:51am Jul 26, 2019 6:51am
Quoting Theoak
{quote} No prisoners https://www.youtube.com/watch?v=yeKYP2GCNR8

hahah been watching so many video we have a clown now as well
  • #487,125
  • Jul 26, 2019 6:51am Jul 26, 2019 6:51am
Quoting allinazi
{quote} reign supreme??? how come fed will cut 25 next week
you can't read the DXY chart and get a good grip on DXY fundies, obviously. DXY will power above 100 lvl August/September.
It's not about rates, already priced in the market, it's about investor fund flows into safe heaven until 31st Oct 2019.
Us gvt paper will get bid and DXY will crack >100 soon.

We will have a brief cool down period after Fed, yes, but won't last.
  • #487,126
  • Jul 26, 2019 6:52am Jul 26, 2019 6:52am
Quoting asgcorp
{quote} you can't read the DXY chart and get a good grip on DXY fundies, obviously. DXY will power above 100 lvl August/September. It's not about rates, already priced in the market, it's about investor fund flows into safe heaven until 31st Oct 2019. Us gvt paper will get bid and DXY will crack >100 soon. We will have a brief cool down period after Fed, yes, but won't last.

well there we have it a market your long usd im short usd good luck!!!
  • #487,127
  • Jul 26, 2019 6:52am Jul 26, 2019 6:52am
oh lord, seriously,
we bounce 15 pips off support and 1.29 is on the horizon...?
Attached Image
Come with me if you want to live....
  • #487,128
  • Jul 26, 2019 6:54am Jul 26, 2019 6:54am
Quoting asgcorp
{quote} long-term? At least until 31st Oct 2019 DXY will reign supreme, period. Forget about long-term, this is not the US stock market.
you are late grandpa...
cutting rates is the only option to save S&P my vision
  • #487,129
  • Jul 26, 2019 6:54am Jul 26, 2019 6:54am
Quoting Marcieny
{quote} you are late grandpa... cutting rates is the only option to save S&P my vision

leave him be hell see soon enough
  • #487,130
  • Jul 26, 2019 6:55am Jul 26, 2019 6:55am
Quoting allinazi
{quote} hahah been watching so many video we have a clown now as well
Would not say clown!. More of a natural sports man!!

Inserted Video
Don't trade what you think. Just what you see!!!
  • #487,131
  • Jul 26, 2019 6:55am Jul 26, 2019 6:55am
Quoting Theoak
{quote} Would not say clown!. More of a natural sports man!! https://www.youtube.com/watch?v=JpfZShzIwd8

hahaha thats ones quality
  • #487,132
  • Jul 26, 2019 6:57am Jul 26, 2019 6:57am
Quoting Marcieny
{quote} you are late grandpa... cutting rates is the only option to save S&P my vision
You've got to sharpen up your TA/fundies skills. Otherwise you are going to get stuck with demo trading for the next decade or so, kid.
  • #487,133
  • Jul 26, 2019 6:58am Jul 26, 2019 6:58am
Quoting asgcorp
{quote} you can see them on the charts, but how do you trade this now? They produce fake moves frequently (i.e. break out/down and reverse). Next time you see a triangle setup, please send in your SL/TP details based on triangle setup, thanks.
I get you,
I don't trade the triangle as such I stick with the trend when I see a triangle form I always expect it to break in the trend direction (this is just my trading rule) however when I see a triangle form I wait for the breakout then use fib level to enter once it retraces. So for instance now I'll expect this triangle to break lower down. Ill stick with that bias till I get trend change on my daily TF
  • #487,134
  • Jul 26, 2019 6:58am Jul 26, 2019 6:58am
fair enough man.
  • #487,135
  • Jul 26, 2019 7:00am Jul 26, 2019 7:00am
Quoting asgcorp
{quote} You've got to sharpen up your TA/fundies skills. Otherwise you are going to get stuck with demo trading for the next decade or so, kid.
LOl...

I was named queen of harmonic patterns and triangles with only 1 year of real account forex ... lol

I operate small lots yes ... haste is the enemy of perfection.
  • #487,136
  • Jul 26, 2019 7:05am Jul 26, 2019 7:05am
Quoting Marcieny
{quote} LOl... I was named queen of harmonic patterns and triangles with only 1 year of real account forex ... lol
Yet you are still bullish...?

what happened...?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 28 KB
Come with me if you want to live....
  • #487,137
  • Jul 26, 2019 7:05am Jul 26, 2019 7:05am
D1 still pointing down
  • #487,138
  • Jul 26, 2019 7:07am Jul 26, 2019 7:07am
Quoting Theoak
{quote} Busted - 5 pips
Short again _ break these low please … This time thank you!

in at 1.2426
Don't trade what you think. Just what you see!!!
  • #487,139
  • Jul 26, 2019 7:08am Jul 26, 2019 7:08am
Quoting Theoak
{quote} Short again _ break these low please … This time thank you! in at 1.2426
lol dude
exact same level

sell 1.2426
in wondering about yourself, you forgot what you came here to be part of
  • #487,140
  • Jul 26, 2019 7:14am Jul 26, 2019 7:14am
Quoting Ill-b-back
{quote} Yet you are still bullish...? what happened...? {image}
Yes I am....
the price has only today .. so we will see the biggest rise. or the biggest fall... And continues next week
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Meer-Shayhak