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Cable Update (GBPUSD)

  • #497,621
  • Oct 12, 2019 12:25am Oct 12, 2019 12:25am
I hope you all do not mind but there is a lot to talk about on GBPUSD weekly so i did a video rather than try and annotate a chart

Last week was a powerful wyckoff spring see image under the video for explanation of wyckoff phases of markets

If you look at the wyckoff phases of market very strong potential that we are currently done the ST in phase b , the spring and now we wait for the test . ...... could be a sexy swing trade.

Inserted Video
Attached Image (click to enlarge)
Click to Enlarge Name: wyckoffaccumulation.png Size: 255 KB
Blogging daily now at www.volume.zone
  • #497,622
  • Oct 12, 2019 3:52am Oct 12, 2019 3:52am
Forex love i them it is community . But i did make my trading terminal not to face bbc and cnn just to hear the voice session interlog of uk and usa
  • #497,623
  • Oct 12, 2019 3:54am Oct 12, 2019 3:54am
Quoting greengp
forex love i them it is community . But i did make my trading terminal not to face bbc and cnn just to hear the voice session interlog of uk and usa
forex factory i love them it is community of living
  • #497,624
  • Oct 12, 2019 4:04am Oct 12, 2019 4:04am
Quoting greengp
{quote} forex factory i love them it is community of living
but i did miss in india stock market that kind of forex factory
  • #497,625
  • Oct 12, 2019 4:40am Oct 12, 2019 4:40am
The fan has developed, confirming the reversal which matching with the recent development of the BREXIT.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-d1-pepperstone-group-limited.png Size: 83 KB
  • #497,626
  • Oct 12, 2019 5:24am Oct 12, 2019 5:24am
Quoting Marcieny
A trader has to understand ... "that forex is his client "... you have to do what the market wants. and not what you want.... I see so much opportunity, but I don't take them all, because I don't like to get stuck in operations. I like to make a good profit and go out .
God bless you @ Marcieny, am an active trader and there is no 1 hour that passes that I will not read peoples comments on FF, you are among my top 3 traders that I respect their comments
GREATEST WISDOM AND POSITIVE ENABLEMENT COMES FROM ALMIGHTY GOD
  • #497,627
  • Oct 12, 2019 5:51am Oct 12, 2019 5:51am
Attached Image (click to enlarge)
Click to Enlarge Name: gu d1.png Size: 37 KB
yes yes yes
  • #497,628
  • Oct 12, 2019 5:52am Oct 12, 2019 5:52am
This month still going to North
Attached Image (click to enlarge)
Click to Enlarge Name: GU_daily.png Size: 50 KB
  • #497,629
  • Oct 12, 2019 6:28am Oct 12, 2019 6:28am
I kept adding shorts on the rally.Gap down most likely and red week.
  • #497,630
  • Oct 12, 2019 6:35am Oct 12, 2019 6:35am
Quoting RobyTurboSS
I kept adding shorts on the rally.Gap down most likely and red week.
Are you expecting a bearish continuation or a retracement? if you don't mind me asking.
  • #497,631
  • Oct 12, 2019 8:37am Oct 12, 2019 8:37am
good I wonder do we have progress

Quoting Moty
{image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #497,632
  • Oct 12, 2019 8:39am Oct 12, 2019 8:39am
Attached Image (click to enlarge)
Click to Enlarge Name: gu d1.png Size: 57 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #497,633
  • Oct 12, 2019 8:44am Oct 12, 2019 8:44am
let's see the closest long tl on the monthly, I think you can set it on show only on the monthly mt4

Figure out the number from there id be interested what mt4 says
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #497,634
  • Oct 12, 2019 9:04am Oct 12, 2019 9:04am
its a problem area , but patience
no sell on any candle over 100 on the day without really good reason,is a simple rule over 200 with reading the weekly on the fly you can see is way to risky

It will not reverse on that day of over 200 with break out
people selling it then you can only hope for
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Weekly.png Size: 53 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #497,635
  • Oct 12, 2019 9:06am Oct 12, 2019 9:06am
How do you predict this ,with high probability
I'm telling you how

Quoting Bones
read it on the fly what do you believe double top next ? {quote} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #497,636
  • Oct 12, 2019 9:07am Oct 12, 2019 9:07am
Quoting RobyTurboSS
I kept adding shorts on the rally.Gap down most likely and red week.
One thing I have learnt in my years of trading is that a trend can continue longer than you think it will .

we could go up 1000 pips before we find out that Brexit news was bs ... can you withstand that kind of draw down ?

As my video early says we may be forming multi year lows

Anyway forget all that . Fact is 4 hour is now in an uptrend and a very strong one at that with the biggest move in months why would you be selling the up move currently ? You think you can beat the Bank of England and their billions ?

Its a good way to wipe out your account to sell against a strong move like this . If you believe that a down week will form allow the 60/120 min charts to top , distribute and then move down . This up move is not going to miraculously reverse 500 pips to down side on one 4 hr bar

two sayings have always stuck with me

1. Trend is not your friend it's your lover
2. A trend can go on longer than you think

that's my two cents as I am scared you will blow up your account and just looking out for you
Blogging daily now at www.volume.zone
  • #497,637
  • Oct 12, 2019 9:14am Oct 12, 2019 9:14am
Blew through several layers of resistance ... that's super bullish .

we may have a small test move ( down day testing support ) that will provide a good entry for buys for those that did not get in on the first move

smart money blew all sellers away and locked them out the market banging all stops on way up
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_3995.PNG Size: 216 KB
Blogging daily now at www.volume.zone
  • #497,638
  • Oct 12, 2019 9:24am Oct 12, 2019 9:24am
high pivotal area ,very strong compared to last high
it's not clear super bullish

If this were Nov 1st we could be more confident
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #497,639
  • Edited 9:49am Oct 12, 2019 9:25am | Edited 9:49am
Quoting HaLBot
Have had a very good week, this account keeps growing Monday, nowhere Tues, Wed, Thursday 35% increase Today 25% It's late here in the land of OZ and I can't be shagged working out exact % for the week but a little over 60%.. could have made more today but had a freakout over the big down n up spike as I closed a big position seconds from it heading south.... If I Keep this up you'll all have to come work at my trading house But I want traders here to know I'm learning stuff all the time of you guys...
Remember when I posted this....

Inserted Video


Did an analysis of my trading this week and blown away by the results....
Trades 28 356.5 pips
Wins 27 352.1 pips
Losses 1 4.4 pips
101% gain on account

Might not be the best or most efficient way to trade taking so many but not concerned, most times not realising I'm actually taking so many trades and in the future less trades but with more pips to achieve same result. Also 5 trades above 2260 needed to be covered when price hovered around 2200. Then Thursday price moved up to 2230 and I knew we'd set a low and all price could do was rise, then it rose more in two days than it has for a decade
Don't Leave Money on the Table
  • #497,640
  • Oct 12, 2019 9:35am Oct 12, 2019 9:35am
Quoting malcolmb14
{quote} One thing I have learnt in my years of trading is that a trend can continue longer than you think it will . we could go up 1000 pips before we find out that Brexit news was bs ... can you withstand that kind of draw down ? As my video early says we may be forming multi year lows Anyway forget all that . Fact is 4 hour is now in an uptrend and a very strong one at that with the biggest move in months why would you be selling the up move currently ? You think you can beat the Bank of England and their billions ? Its a good way to wipe out...


Bro we've been doing this for years to be caution of move like this......nice write up
MY OPINION NOT FINANCIAL ADVISE
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