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Cable Update (GBPUSD)

  • #488,221
  • Aug 2, 2019 9:41am Aug 2, 2019 9:41am
Quoting john-smith
{quote} it usually has an effect on the minute charts but wont effect the trend
Yeah I stay off those charts stress free trading
  • #488,222
  • Aug 2, 2019 9:42am Aug 2, 2019 9:42am
Quoting Neil0163
{quote} Yeah I stay off those charts stress free trading
lol yeah I've been trying it this week, it's not pleasant I have to say
defeat can still be profitable
  • #488,223
  • Aug 2, 2019 10:49am Aug 2, 2019 10:49am
Quoting knkie
yes. NOW we buy. 1.2138 30 pips trgt
Swiss
Attached Image (click to enlarge)
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  • #488,224
  • Aug 2, 2019 10:53am Aug 2, 2019 10:53am
Quoting DailyChart
{quote} Swiss {image}
your trade really attract me
PA Return This Week: 37.9%
  • #488,225
  • Edited Aug 3, 2019 2:42am Aug 2, 2019 11:09am | Edited Aug 3, 2019 2:42am
got time to see , usdx failed react & likely sharp bear / correction down continue having still little chance correction towards 98.22+ a7 confirmation 97.76 breaks down & stay . things still no simple as extreme market condition usdx still may bull anyway.

now only I check confirm fed rate cut & as I told before it will be sign of apprehension & ultimately fear will ensue , so spike sharp for sharp fall & crash next likely & they may knowingly doing to have some pause ! no reaction or possible to do after neutral NFP friday or with all good news and to stay afloat must cut again and again till great tanking confirm!!

gbpusd now to try catch 2169 for close week if possible .take care
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #488,226
  • Aug 2, 2019 11:20am Aug 2, 2019 11:20am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: eg h1.png Size: 33 KB
yes yes yes
  • #488,227
  • Aug 2, 2019 11:22am Aug 2, 2019 11:22am
Quoting Neil0163
{quote} Study price action lower high lower low, trend lines etc double tops and bottoms triangles fib ratios other chart patterns Take a look at this these patterns form everywhere {image}
is this valid double top
https://invst.ly/bhsji

thank you.
sell strength in falling markets, and buy weakness in rising markets.
  • #488,228
  • Aug 2, 2019 11:41am Aug 2, 2019 11:41am
Quoting DailyChart
{quote} Swiss {image}
Us dollar swissy at a small support area 4hr perspective. We shall see.
Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_186.png Size: 63 KB
Trade to trade another day
  • #488,229
  • Aug 2, 2019 11:54am Aug 2, 2019 11:54am
Quoting elbert3
How long does a 4 hour candle last ?
Well nobody must read my posts so my joke backfired
  • #488,230
  • Aug 2, 2019 11:59am Aug 2, 2019 11:59am
Quoting htcone
{quote} is this valid double top https://invst.ly/bhsji thank you.
Try this site my friend

https://www.babypips.com/learn/forex...-double-bottom
  • #488,231
  • Aug 2, 2019 1:04pm Aug 2, 2019 1:04pm
Quoting Dingoman-two
{quote} Try this site my friend https://www.babypips.com/learn/forex...-double-bottom
thank you friend.
sell strength in falling markets, and buy weakness in rising markets.
  • #488,232
  • Aug 2, 2019 1:33pm Aug 2, 2019 1:33pm
Quoting htcone
{quote} is this valid double top https://invst.ly/bhsji thank you.
This would be a valid double top in my opinion.

How would I trade it, if this 4 hour engulfs then you can enter and target the black line (HL) this would be aggressive trade, a more conservative way would be to allow the HL to break then retest and take entry this would also mean that trend would have changed (on a 4 hour chart) which would mean it would be a pull back on the daily chart as the daily is still in a uptrend. I'd look for the retest on the 1 hour chart and use fib extension on the 4 hour chart for my targets.
Hope this helps
Sorry for the delay
Attached Image (click to enlarge)
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  • #488,233
  • Aug 2, 2019 2:13pm Aug 2, 2019 2:13pm
Attached Image (click to enlarge)
Click to Enlarge Name: GU h1.png Size: 31 KB
yes yes yes
  • #488,234
  • Aug 2, 2019 4:08pm Aug 2, 2019 4:08pm
Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 62 KB


Also looking for a good spot to sell EG next week. A little more topping and EG should drop, which will speed up the GU move a bit. EU might suffer a little bit longer.
Everyone can see the chart, but only a few can actually read it.
  • #488,235
  • Edited 2:58am Aug 3, 2019 2:47am | Edited 2:58am
Quoting LeongPuiy
{quote} hi mate ,if you can provide one chart for example is good for us to know more if can
The chart Just For you & knkie Observe and Study,

Email Sent but No Question
  • #488,236
  • Aug 3, 2019 3:02am Aug 3, 2019 3:02am
morning DC. sent you a PM. thanks!
  • #488,237
  • Aug 3, 2019 3:19am Aug 3, 2019 3:19am
Quoting DailyChart
{quote} The chart Just For you & knkie Observe and Study, Email Sent but No Question
Hey dc...I can't find the email....Could You check again please?
in wondering about yourself, you forgot what you came here to be part of
  • #488,238
  • Aug 3, 2019 4:00am Aug 3, 2019 4:00am
Quoting DailyChart
{quote} Identifty The D1 Trend and Trade When The Price Break In The Same Directions at The London Open Stay Flat/Hold The Previous Trades IF Price Not Break Or Don't Break in the same directions at The London Open Stop at The Current/Previous D1 High/Low Just find the quality setup and let it run
Pretty clear mate.
Cable has a rhythm between London and NY
Come with me if you want to live....
  • #488,239
  • Aug 3, 2019 4:56am Aug 3, 2019 4:56am
Quoting Ill-b-back
{quote} Pretty clear mate. Cable has a rhythm between London and NY
It's not as simple as this. Prop firms that trade spot FX in GU use HFT algos for intra-day trading. Mostly algos running the show (obviously, not MT4 EAs).
They leave certain prints/hints as they operate. If you can learn to spot certain patterns (not harmonic/EW BS) they leave on the chart you can make good money on that.
  • #488,240
  • Aug 3, 2019 5:00am Aug 3, 2019 5:00am
if you are located in London, UK, I'd kick start my career with a prop trading firm, instead of wasting time on FF forums. just my 2 cents anyway.
https://www.efinancialcareers.com/jo...der.id05756428

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