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Cable Update (GBPUSD)

  • #491,161
  • Aug 29, 2019 4:03am Aug 29, 2019 4:03am
Asian session range checked from below.
Let's get reary to drop it
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yes yes yes
  • #491,162
  • Aug 29, 2019 4:10am Aug 29, 2019 4:10am
Quoting navk
{quote} By PA. However there was a bog volatility yesterday in hourly chart. If you look at bolinger band the Price bar pierced thro lower band. In such case, the price will oscillate above yesterday low. Having said that, if the trend wants to continue it needs to break yesterday low 2155, but most probably no, until the price test upper BB. Still as everybody says, if the price broke thro 2155, I will manage my trades without taking stop loss. {image}
price tries to avoid 2155, spikes up little before hand & so likely test & breaks the level to correct to the minimal before bear continue perhaps.
Anyway will care around that level if not close some shorts !
Take care
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #491,163
  • Aug 29, 2019 4:18am Aug 29, 2019 4:18am
Quoting navk
{quote} By PA. However there was a bog volatility yesterday in hourly chart. If you look at bolinger band the Price bar pierced thro lower band. In such case, the price will oscillate above yesterday low. Having said that, if the trend wants to continue it needs to break yesterday low 2155, but most probably no, until the price test upper BB. Still as everybody says, if the price broke thro 2155, I will manage my trades without taking stop loss. {image}
Thanks.
Also the bar that pierced the lower band was a breakout failure of the second lowest H1 bar from yesterday. Classic rejection of the level.
  • #491,164
  • Aug 29, 2019 4:20am Aug 29, 2019 4:20am
hello, guys, how do you decide to buy 50% retrace? always? or looking to the left PA? should be crowded area, or you buy just the biggest movement?
  • #491,165
  • Aug 29, 2019 4:20am Aug 29, 2019 4:20am
Don't forget end of month.
😨😨😨😂😂

Down ofcourse, but beware (set sell orders higher).

Spikes....

Well let's wait 💰😱👎👎

BoJo rocks and su.ks ehh
gooooo crazy men...Trumpy...liars ....Next

Ohhhh talking of them 😱😱😱😯😯😨


LOL. Onlinus

Quoting OnlineAddict
{quote} Yes, there will be 1.45, I blablaaaa
It may take months or a year, I don't really care, I will keep buying the dips and.....few lies here by O.Add...... Good advice!
I'm saving this in my notes.
I'll laugh and pull it occasionally

Onlinus Addictus Longus 😱😱😂😂😂
Beware of robber banks (RB), bad advisors.
  • #491,166
  • Aug 29, 2019 4:25am Aug 29, 2019 4:25am
<>
Quoting goldencalf
hello, guys, how do you decide to buy 50% retrace? always?
or looking to the left PA? should be crowded area, or you buy just the biggest movement?
Buy???
What buy?

My platform has no Buy button, odd 😂😂😱😂😂😂😂👎👎💰💰

Talking of end month...It's extra down correction needed. See 1st August .

Didn't i say all month it'll swing as a di.k and end month same?
😂😨😂

Now two solid red days....1.18 likely. Pound.

Speaking of euro - sell too.
Beware of robber banks (RB), bad advisors.
  • #491,167
  • Aug 29, 2019 4:27am Aug 29, 2019 4:27am
buying after US data today, so long 2155 holds ground.
Target is 2330//2340. SL 2115.
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  • #491,168
  • Aug 29, 2019 4:29am Aug 29, 2019 4:29am
strong H4 TL so far contains all the selling pressure. DXY also overextended, imo.
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  • #491,169
  • Aug 29, 2019 4:30am Aug 29, 2019 4:30am
This is classic example, if upper or Lower band pierces thro, it reverses and test middle band. This is first action.

Second action after touching middle band, it tries to touch or pierces lower band. That is done today.

Now the price pierced and should test upper band or atleast middle band.

If I read the PA correctly, the price should never break 2180.

Let us see.
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Intraday only.
  • #491,170
  • Aug 29, 2019 4:30am Aug 29, 2019 4:30am
KPMG you see that H4 TL in GBPUSD? You don't short sell into an unbroken TL, you might short sell a re-test, once it's broken.
  • #491,171
  • Aug 29, 2019 4:32am Aug 29, 2019 4:32am
navk, sometimes though it doesn't come back and keeps running.
This is from your chart.
Attached Image
  • #491,172
  • Aug 29, 2019 4:35am Aug 29, 2019 4:35am
Quoting navk
Moty, Give a " Like " for the profit I made while sleeping.
I always do that too..
  • #491,173
  • Aug 29, 2019 4:36am Aug 29, 2019 4:36am
Quoting asgcorp
navk, sometimes though it doesn't come back and keeps running. This is from your chart. {image}
it has more potential to keep running too
defeat can still be profitable
  • #491,174
  • Aug 29, 2019 4:37am Aug 29, 2019 4:37am
Quoting Marcieny
{quote} I always do that too..
I like to give " Like " too.

Intraday only.
  • #491,175
  • Aug 29, 2019 4:40am Aug 29, 2019 4:40am
Quoting asgcorp
navk, sometimes though it doesn't come back and keeps running. This is from your chart. {image}
the hourly bar needs to close inside the band after piercing.

This is a technical aspect. Watch better in 30 min chart.

You will find.



For newbies: trading with bolinger bands helps in 30 min chart.
Intraday only.
  • #491,176
  • Aug 29, 2019 4:44am Aug 29, 2019 4:44am
got it, thanks Navk. Is your EA running on similar logic (BBs)?
  • #491,177
  • Aug 29, 2019 4:45am Aug 29, 2019 4:45am
Quoting asgcorp
navk, sometimes though it doesn't come back and keeps running. This is from your chart. {image}
See in this chart,

1) The horly bar pierces upper band.
2) Some bar closes within the band.
3) You take a short after hourly close within the band.
4) The price will never never takes your stops ( the pierced bar )
5 ) After close within band the price tries to test high but never breaks. so you add short trades.
6) Set your tp to middle band, safe TP.
Intraday only.
  • #491,178
  • Aug 29, 2019 4:49am Aug 29, 2019 4:49am
Quoting asgcorp
got it, thanks Navk. Is your EA running on similar logic (BBs)?
I do not run EA for opening trades. I think i explained in some post. But for closing trades I use all close EA.

I use 4 hr support or resistance + BB.

I am mostly interested in pierced band conditions.

The price extremes. Safe to counter.

I open trades manually. May be 20 trades all with small lots but lot size total will be big.

Close all open trades by EA though. Just 1 click close.
Intraday only.
  • #491,179
  • Aug 29, 2019 4:52am Aug 29, 2019 4:52am
Navk, got it, thank you. You are doing great work, that's for sure.
  • #491,180
  • Aug 29, 2019 4:52am Aug 29, 2019 4:52am
SEE this example for short trade
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Intraday only.
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