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Cable Update (GBPUSD)

  • #489,721
  • Aug 16, 2019 1:56am Aug 16, 2019 1:56am
Quoting Moty
{quote} Gc (gbp/chf) hit tp at 1.18805 for 40 pips. It was goldan trade becouse the gbp was at the highest strength and the chf was at the lowest. Easy money
yes gold trading can make eur.usd fall .. there is a very interesting sale there... Gold falls and Gu rises.
  • #489,722
  • Edited 2:44am Aug 16, 2019 1:58am | Edited 2:44am
Quoting Neil0163
Guys don’t mean to sound like forum police but can we stick to posting GU and not other pairs
I find DailyCharts recent chart posts interesting and helpful as I have been trying to understand his strategy and I know others have been following his strategy as well....these charts help.

Surprised you choose to Police DailyCharts post where he is posting his charts and entries but you ignore policing of the following posts:

1.) Posters who call other people names.
2.) Posters who continually post nothing worth while about trading.
3.) Posters involving themselves in other peoples arguments.
4.) Hindsight traders shouting how well they have done without posting any charts or entries.

If anyone is guilty of 1 to 4 then consider using an appropriate social platform like Twitter or Facebook or take your arguments private. FF is not intended for these sort of discussions.
I rarely post as I'm trying to learn and perfect my strategy. Until then I'll keep my gob shut.

Have a great weekend folks! :-)
  • #489,723
  • Aug 16, 2019 2:04am Aug 16, 2019 2:04am
Gy hir tp at 129.116 taken yesterday but got confirmation today with the currency strength meter signle.
Gu is almost at target , so is gbp / aud
This is turning a wonderful day ever
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yes yes yes
  • #489,724
  • Aug 16, 2019 2:10am Aug 16, 2019 2:10am
Quoting Marcieny
{quote} I made 800 points in sell Gold ... I'm picking a pair a day ... And maturing in the day trade training in and out ... I don't have a red diamond. is orange.. but I prefer color yellow than orange... my profile is bull for a bear too ... especially in the pairs that I like most. sometimes I make some sales. Cheers
Congrats for picking up that trade. I was too much focused on my EUR... and when I saw that I slapped my head. Yeah the typical 12pm London gold sale how could I miss that. But you are right... Gold can be quite rewarding if the timing is right.

And yes, I also noticed a correlation in Gold/ERU/GBP... often enough - but not always.
  • #489,725
  • Aug 16, 2019 2:13am Aug 16, 2019 2:13am
Quoting oblong
{quote} I find DailyCharts recent chart posts interesting and helpful as I have been trying to understand his strategy and I know others have been following his strategy as well....these charts help. Surprised you choose to Police Daily Charts post where he is posting his charts and entries but you ignore policing of the following posts: 1.) Posters who call other people names. 2.) Posters who continually post nothing worth while about trading. 3.) Posters involving themsleves in other peopls arguements. 4.) Hindsight traders shouting how well they...
Members will argue it’s pointless trying to police that as people will ignore you due to there temper getting the better of them people tried to stop that argument yet nothing happened, If this thread was mine I’d have been able to edit post but it’s not. Pointless stuff being posted depends on what you call pointless it could be of value to someone else.

The only reason I said it was because the thread is GBPUSD I come on here to specifically post about that as that is what the thread was made for for people’s opnions on that specific pair of it was Titled GBP pairs then yes fair enough but it’s not granted I could choose the ignore button but I like to see other analysis from members so it doesn’t help much by ignoring them.
My ignore button is for idiots only lol
  • #489,726
  • Aug 16, 2019 2:17am Aug 16, 2019 2:17am
Quoting zippo22
{quote} Congrats for picking up that trade. I was too much focused on my EUR... and when I saw that I slapped my head. Yeah the typical 12pm London gold sale how could I miss that. But you are right... Gold can be quite rewarding if the timing is right. And yes, I also noticed a correlation in Gold/ERU/GBP... often enough - but not always.
yes.. not always but Gu has the advantage of GJ... Gold fall GJ climb too...
gold is more correlated with GJ
  • #489,727
  • Aug 16, 2019 2:18am Aug 16, 2019 2:18am
Quoting Marcieny
{quote} yes gold trading can make eur.usd fall .. there is a very interesting sale there... Gold falls and Gu rises.
It's because Gold is viewed as a safe haven asset, so when the markets are concerned with stocks and bonds or world events they pile into gold as a way of protecting their wealth. The markets are in what's called 'A Risk Off' mood
When world tensions ease and stocks and bonds are looking healthy traders will put money into more riskier assets and those days are a 'Risk On' event
So 'Market Mood' can play a big part in traders decisions as to where their going to invest
gbp/usd is a riskier asset and it looks like were in a Risk On day plus UK had very good sales figures yesterday
Don't Leave Money on the Table
  • #489,728
  • Aug 16, 2019 2:20am Aug 16, 2019 2:20am
Quoting HaLBot
{quote} It's because Gold is viewed as a safe haven asset, so when the markets are concerned with stocks and bonds or world events they pile into gold as a way of protecting their wealth. The markets are in what's called 'A Risk Off' mood When world tensions ease and stocks and bonds are looking healthy traders will put money into more riskier assets and those days are a 'Risk On' event So 'Market Mood' can play a big part in traders decisions as to where their going to invest gbp/usd is a riskier asset and it looks like were in a Risk On day plus...
hmmm very interesting
  • #489,729
  • Aug 16, 2019 2:28am Aug 16, 2019 2:28am
All out at 1.2514 adr target
Gbpaud hit the tp , another day.... You know how it goes.
Total pips for the all week is 206 pips , on the gbp/aud using only this strategy with london/Frankfurt open candle breakout for double range, turning to be a very very profitable
Gu don't make a big candle on fo or lo , so you can trade the bo for the adr target, today it gave almost 30 pips
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yes yes yes
  • #489,730
  • Aug 16, 2019 2:29am Aug 16, 2019 2:29am
Quoting Moty
All out at 1.2514 adr target Gbpaud hit the tp , another day.... You know how it goes. Total pips for the all week, using only this strategy with london/Frankfurt open candle breakout for double range, turning to be a very very profitable {image} {image}
may be still more to come.
Intraday only.
  • #489,731
  • Aug 16, 2019 2:29am Aug 16, 2019 2:29am
Quoting Neil0163
{quote} If this thread was mine I’d have been able to edit post but it’s not.
Maybe you should start your own "GBPUSD Only" thread.

A genuine innocent statement so please no attacks by anyone.
  • #489,732
  • Aug 16, 2019 2:33am Aug 16, 2019 2:33am
Quoting navk
{quote} may be still more to come.
I tell you what is coming . withdraw
Today i win
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yes yes yes
  • #489,733
  • Aug 16, 2019 2:48am Aug 16, 2019 2:48am
2290 looks like a realistic target from a pitchfork perspective.

However, I will not place a trade today. Things haven't aligned in a way I am comfortable with.
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  • #489,734
  • Aug 16, 2019 2:50am Aug 16, 2019 2:50am
Quoting Moty
{quote} I tell you what is coming . withdraw Today i win {image}
Fantastic. Keep it up.

Intraday only.
  • #489,735
  • Aug 16, 2019 2:52am Aug 16, 2019 2:52am
Quoting Theoak
Long in at 1.2126 target previous highs
Bingo + 24 pips

If break resistance target will be 1.2211
Don't trade what you think. Just what you see!!!
  • #489,736
  • Aug 16, 2019 2:53am Aug 16, 2019 2:53am
Quoting mbrown
2290 looks like a realistic target from a pitchfork perspective. However, I will not place a trade today. Things haven't aligned in a way I am comfortable with. {image}
2245 could be next today would be amazzzzing but don’t think so
  • #489,737
  • Aug 16, 2019 2:57am Aug 16, 2019 2:57am
I know this BT chart has zilch to do with GU except I made the claim that I've made 50% in two days, actually after closing trade today it's 62%
todays buy in 9868.82, close 10099.06, had TP @ 10180.34 but BC moving slowly today and trade 4 hours already
The blue arrow just inside BB bottom left is trade open & green line was TP
I understand traders being doubtful when someone makes a certain claim of % so showing this chart
Here's to making great profits...
Attached Image
Don't Leave Money on the Table
  • #489,738
  • Aug 16, 2019 2:58am Aug 16, 2019 2:58am
Quoting Theoak
{quote} Bingo + 24 pips If break resistance target will be 1.2211
Long in at 1.2155
Don't trade what you think. Just what you see!!!
  • #489,739
  • Aug 16, 2019 2:58am Aug 16, 2019 2:58am
Quoting elbert3
{quote} 2245 could be next today would be amazzzzing but don’t think so
Oh Sorry. I do not think 2290 is a realistic target for today, next week most likely as long as price remains above the PF median line.. The chart is D1.

I have today's price turning point at 2132.

In short, things are not aligned in a way I can trade.
  • #489,740
  • Aug 16, 2019 3:10am Aug 16, 2019 3:10am
Quoting OnlineAddict
{quote} EU will drop towards 1100 minimum, but it won't drag GU with it, because EG is ready for a tank, too. Too many people got fooled with an EG long above 9300...that will hurt.
Perfect week, EU down, GU up, EG down.
Everyone can see the chart, but only a few can actually read it.
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