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Cable Update (GBPUSD)

  • #487,321
  • Edited 4:17am Jul 28, 2019 3:44am | Edited 4:17am
Quoting Marcieny
{quote} Only with some people , with others I am a very kind person
Ecclesiastes 4:13: Well, that was very effective!!! It kept me chuckling for hours. Although, it is clearly not an applicable example in our case!!! Job 12:12

=====================================================================================================

Probability statistics favour an up move early next week and I am currently long at 2403 & 2385 on the manual trading side.

=====================================================================================================

I have to state though, most of my manual trades are simply testing edge for potential EAs. I do not manual trades seriously, those days are behind me. The only time I can get motivated to place manual trades in a professional manner is in combat otherwise what is the point if I have the skill to build EAs to do it for me?
  • #487,322
  • Jul 28, 2019 4:29am Jul 28, 2019 4:29am
Quoting mbrown
{quote} Ecclesiastes 4:13: Well, that was very effective!!! It kept me chuckling for hours. Although, it is clearly not an applicable example in our case!!! Job 12:12 ===================================================================================================== Probability statistics favour an up move early next week and I am currently long at 2403 & 2385 on the manual trading side. =====================================================================================================...
I don't trust Eas because the chart changes all the time as well as the strategy or even the analysis
  • #487,323
  • Jul 28, 2019 4:31am Jul 28, 2019 4:31am
Quoting Marcieny
{quote} I don't trust Eas because the chart changes all the time as well as the strategy or even the analysis
A valid point...AGAIN! These are the challenges the professional EA developer has to overcome and is the reason why it is very difficult to find a reliable EA. I've overcome these issues.
  • #487,324
  • Jul 28, 2019 6:16am Jul 28, 2019 6:16am
Quoting Theoak
{quote} Don’t tell him that! You know how big his human EGO is!!!
we all have egos unfortunately , and it's one of the worst enemies in trading
  • #487,325
  • Jul 28, 2019 6:33am Jul 28, 2019 6:33am
Quoting Dingoman-two
https://www.zerohedge.com/news/2019-...d-his-homeland {image} by Tyler Durden Sat, 07/27/2019 - 21:00 John Christensen was a government economist living on the beautiful island of Jersey, off England's southern coast, in a "hillside villa with views of France." But that lifestyle ended after he spoke out on a fraudulent currency trading scheme involving a UBS subsidiary in Jersey, according to Bloomberg....
Only kids on the desk. Bless em!!!

https://www.reuters.com/article/us-h...8BA05M20121211
Don't trade what you think. Just what you see!!!
  • #487,326
  • Jul 28, 2019 7:03am Jul 28, 2019 7:03am
current price 1.2361.
Intraday only.
  • #487,327
  • Jul 28, 2019 8:34am Jul 28, 2019 8:34am
https://www.forexfactory.com/showthr...1#post12406551
so same , life extension/ 5th running in absolute buy zones in even new news lows may comes up , next immediate support 2364. will watch for 2410 , especially 2417 ( same as 1192 in eu ) breaks up as bottoming temporary .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #487,328
  • Jul 28, 2019 11:19am Jul 28, 2019 11:19am
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  • #487,329
  • Jul 28, 2019 11:29am Jul 28, 2019 11:29am
Quoting Beyfor
{image} {image}

This is an excellent annotated chart.
Believe in Yourself- Be true to yourself!
  • #487,330
  • Jul 28, 2019 11:40am Jul 28, 2019 11:40am
Good channel's above

BTW who need charts

No, I'm seriously asking!!

Who need charts

The number of longs have reached 80-90% .

Retail long.......
What should i do......what banks do ohhhhhh short AGAIN
Beware of robber banks (RB), bad advisors.
  • #487,331
  • Jul 28, 2019 11:41am Jul 28, 2019 11:41am
Ok.

I made a chart .

Gap today down, right?

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Beware of robber banks (RB), bad advisors.
  • #487,332
  • Jul 28, 2019 12:03pm Jul 28, 2019 12:03pm
Looking at premarket, the liars (banks ) swinging E down , GU up after 1.2355 dip.
That's all premarket trash, but indicative


Again, sell spike, laugh
Some time ago i was also one of the retail crowd saying sh!t like "it must turn back up blablaaaa".

Nope. I'm looking at 93% longs (lots open) and i shorted

Green pips! !!!
Except Onlinus
Beware of robber banks (RB), bad advisors.
  • #487,333
  • Jul 28, 2019 1:05pm Jul 28, 2019 1:05pm
Don't count on weekend prices, they change in a second
Now return to opened price

Quoting Not-KPMG
Ok. I made a chart . Gap today down, right-angle t? {image}
  • #487,334
  • Jul 28, 2019 1:11pm Jul 28, 2019 1:11pm
That moment when you look at the 4hr or daily chart and think you are on a two-year low support, but switch to the 1hr and see what's happening. Oh! This support will break like an egg thrown on hard floor.
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  • #487,335
  • Jul 28, 2019 1:57pm Jul 28, 2019 1:57pm
If you are tracking the GBPUSD this week, consider this technical perspective.

On the daily time frame, a small range descending channel (magenta) is in operation. Price action printed some bottom-tailed candlesticks that hit the channel support trendline several times but failed to break it. A relatively strong bearish candlestick was printed on Friday. Should bears follow through in the early part of this week, a breakdown of the channel may expose the 1.21340 horizontal support zone. Otherwise, we may see a retracement to around the channel resistance trendline before a southward turnaround. The 1.26190 horizontal resistance zone is another candidate for a retracement target. The technicals are in favour of bears.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #487,336
  • Jul 28, 2019 2:43pm Jul 28, 2019 2:43pm
Quoting Neil0163
Looking at Gu down at the min until 1.2350, still in a downtrend with rejection from 0.786 fib
And 1 month later we could be arriving at target,
700 odd pips up (2 orders) if we get to target

I keep banging on about

1)don't pic tops or bottoms
2)trade in line with the trend on the next higher timeframe than your trading timeframe. (I use daily and enter on 4 hour to swing)
3)Fibbos absolutely work
4) fundamentals can go and whistle in the wind
  • #487,338
  • Jul 28, 2019 9:23pm Jul 28, 2019 9:23pm
#GBPUSD / Weekly, Daily & H4 / Bullish Idea
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  • #487,339
  • Jul 28, 2019 10:13pm Jul 28, 2019 10:13pm
Quoting Ayax.TSS
#GBPUSD / Weekly, Daily & H4 / Bullish Idea{image}{image}{image}
I agree
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yes yes yes
  • #487,340
  • Jul 28, 2019 10:25pm Jul 28, 2019 10:25pm
Quoting Theoak
{quote} There you go!!! Trail it Baby!!!
Stopped out!!!
Don't trade what you think. Just what you see!!!
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