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Cable Update (GBPUSD)

  • #495,221
  • Sep 27, 2019 12:09pm Sep 27, 2019 12:09pm
in the oversold area right now.
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  • #495,222
  • Sep 27, 2019 12:14pm Sep 27, 2019 12:14pm
Quoting asgcorp
{quote} cause it's a coin toss, to be honest. No one knows if it will retrace or do a straight dump. It's a nice concept though.
sell GU at 1.2424

target 1.2272
  • #495,223
  • Sep 27, 2019 12:19pm Sep 27, 2019 12:19pm
Quoting MXT
as i said , mean reversion is not all bad , sometimes it works , some other times it doesn ' t but if it fits your trading style , why not use it
MXT, as any other method...
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Always trade your own plan...I don't provide trading signals.
  • #495,224
  • Sep 27, 2019 12:20pm Sep 27, 2019 12:20pm
Quoting pipcenturion
{quote} sell GU at 1.2424 target 1.2272
market will close soon. Bears got absorbed past few hours. Not going anywhere.
  • #495,225
  • Sep 27, 2019 12:23pm Sep 27, 2019 12:23pm
Quoting Coreg2004
{quote} MXT, as any other method... {image} {image}
now you are getting real close. 90% of TA is a coin toss in FX.
Using very basic stuff such as horizontal S/R still beats mostly everything.

FX is a totally different game compared to US equities/options, at least in my experience.
But then again I might be biased, cause most of my historic realized gains are from US stock market.
In those markets you can apply stats and past history analysis will produce great results (seasonality).
  • #495,226
  • Sep 27, 2019 12:40pm Sep 27, 2019 12:40pm
Quoting asgcorp
{quote} now you are getting real close. 90% of TA is a coin toss in FX. Using very basic stuff such as horizontal S/R still beats mostly everything. FX is a totally different game compared to US equities/options, at least in my experience. But then again I might be biased, cause most of my historic realized gains are from US stock market. In those markets you can apply stats and past history analysis will produce great results (seasonality).
asgcorp, I agree... I treat my 8-12 pips/points zones as thick horizontal lines...I posted this pic in other thread a long time ago...
Edit: Of course reverse the picture for short trade...
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Always trade your own plan...I don't provide trading signals.
  • #495,227
  • Sep 27, 2019 12:54pm Sep 27, 2019 12:54pm
closed my shorts at 1.2301 +18 pips, that's it for me this week, enjoy the weekend peeps!
  • #495,228
  • Sep 27, 2019 1:01pm Sep 27, 2019 1:01pm
Monday definitely gonna be a lower open with minor gapss
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #495,229
  • Sep 27, 2019 1:02pm Sep 27, 2019 1:02pm
Quoting asgcorp
{quote} now you are getting real close. 90% of TA is a coin toss in FX. Using very basic stuff such as horizontal S/R still beats mostly everything. FX is a totally different game compared to US equities/options, at least in my experience. But then again I might be biased, cause most of my historic realized gains are from US stock market. In those markets you can apply stats and past history analysis will produce great results (seasonality).
asgcorp, 90% correct of TA doesn't translate into a 90% winning rate (which still means nothing to me) unless someone counts +1 tick/pip scratch as a profit.
Always trade your own plan...I don't provide trading signals.
  • #495,230
  • Edited 1:16pm Sep 27, 2019 1:04pm | Edited 1:16pm
Best job done of my gbp busket pair is gbpchf, now waiting all tp 1.2171, gbpusd test 2282 and down towards bottom ok close too. Same may apply gbpjpy.
H4 tf support stopped great tanking this weekend and same pending for next week start.
Eurgbp test 0.8921 ok

Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #495,231
  • Sep 27, 2019 1:23pm Sep 27, 2019 1:23pm
hey guys, going to hit TP.

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Intraday only.
  • #495,232
  • Sep 27, 2019 1:25pm Sep 27, 2019 1:25pm
Quoting Coreg2004
{quote} MXT, as any other method... {image} {image}
true my friend , let ' s say that some methods are less wrong that others
  • #495,233
  • Sep 27, 2019 1:38pm Sep 27, 2019 1:38pm
Quoting navk
hey guys, going to hit TP. {image}
great bud but don 't you think that only 1 signal out of 3 was actually worth to risk a stop loss on ?
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  • #495,234
  • Sep 27, 2019 1:44pm Sep 27, 2019 1:44pm
Quoting navk
hey guys, going to hit TP. {image}
Gold
  • #495,235
  • Sep 27, 2019 1:49pm Sep 27, 2019 1:49pm
Checking usdx at near end market, price breakout /retest done and now ready bull very intact. Tested weekly resistance 98.85 may enough but beter if close above to but not exact!! . Lets see where may close.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #495,236
  • Sep 27, 2019 1:53pm Sep 27, 2019 1:53pm
Quoting Marcieny
{quote} Gold
Is a girl's best friend!!!!
Don't trade what you think. Just what you see!!!
  • #495,237
  • Sep 27, 2019 1:55pm Sep 27, 2019 1:55pm
Quoting MXT
{quote} great bud but don 't you think that only 1 signal out of 3 was actually worth to risk a stop loss on ? {image}
Good questions.

My reply :

1) First signal was a very good one, it was on 1 min chart and the second minute did the spike. Short that that spike, TP must be centre band.

2) Second signal is actually not a sinal as per rule.

3) Third signal too not a signal.

But my own trading knowledge, as per my knowledge, first was spike and hit center band.... then due to spike, the PA rises, and I take shorts between 2 nd and 3rd band at intervals. Finally center band TP got hit. There will be floating loss, live with it. I saw a floating loss of around 800 $ for my 11k account. Not bad.
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Intraday only.
  • #495,238
  • Sep 27, 2019 1:56pm Sep 27, 2019 1:56pm
Quoting Theoak
{quote} Is a girl's best friend!!!!
  • #495,239
  • Sep 27, 2019 1:56pm Sep 27, 2019 1:56pm
Hi Guys ,

Since I see so many charts posted on different currency pairs related to the Pound, I thought I would give you some insight into what I do. I do not have the time to post on all charts but just an appetizer to life behind the scenes.

Have a great weekend,
Cheers.
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Trade to trade another day
  • #495,240
  • Sep 27, 2019 1:59pm Sep 27, 2019 1:59pm
The results today as per my method :
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Intraday only.
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