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Cable Update (GBPUSD)

  • #497,681
  • Oct 12, 2019 10:15pm Oct 12, 2019 10:15pm
Quoting navk
{quote} yeah that is true. Personally, I have this problem and have to fix. If they had allowed the profits to run yes. Or else with certain technical, on a daily time frame, TP can be fixed , say 100 or 150 pips profit. Then wait for next pattern.
I dont believe anything Goldman sachs say,
Trade wisely folks we are still amongst the Bears.
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  • #497,682
  • Oct 12, 2019 10:20pm Oct 12, 2019 10:20pm
Those in this forum predicting a bearish retrace could be correct with the DUP deputy pouring cold water on the positive Brexit news Friday?
I myself don't think that's the case and were in for a run to 1.32/33 but I won't be trading with blinkers on.
Trade what you see and don't get caught in the trap known as 'Confirmation Bias'.....

https://www.forexlive.com/news/!/bre...-work-20191012
Don't Leave Money on the Table
  • #497,683
  • Oct 12, 2019 10:25pm Oct 12, 2019 10:25pm
Just noticed this in the disclaimer of one of the two brokers i use, bit about 72.88%:

Risk warning for retail traders: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Don't Leave Money on the Table
  • #497,684
  • Oct 13, 2019 1:22am Oct 13, 2019 1:22am
75-85%, yes. this is just stats in the moment. however, over a period beyond 6-9 months it's close to 95%.
  • #497,685
  • Oct 13, 2019 1:22am Oct 13, 2019 1:22am
GBPJPY weekly is a bullish 3 line strike. + open gap @ 146.00.
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  • #497,686
  • Oct 13, 2019 1:43am Oct 13, 2019 1:43am
this is for reference only. March-August 2016 daily.
AB=1000 point pump. Followed by a 3000 points dump.
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  • #497,687
  • Oct 13, 2019 1:50am Oct 13, 2019 1:50am
fast forward today (daily). a possible option to keep in mind.
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  • #497,688
  • Oct 13, 2019 1:54am Oct 13, 2019 1:54am
right now if you are looking for a reversal / bear action, you will most likely be disappointed.
Bullish signatures on both daily and weekly. Buy dips and you will make money.
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  • #497,689
  • Oct 13, 2019 1:59am Oct 13, 2019 1:59am
highly recommended video for those of you with an open mind. Not going to work for Business Owners and Instagram Bimbos though.
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  • #497,690
  • Edited 3:22am Oct 13, 2019 3:01am | Edited 3:22am
Thanks go's to sgkrishn
Play around with it until you are satisfied with the set up, Best in higher time frames.
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File Type: ex4 Solar Winds joy - histo.ex4   4 KB | 178 downloads
  • #497,691
  • Oct 13, 2019 3:11am Oct 13, 2019 3:11am
GBPUSD daily and COT review. Hedge-funds positioning is near extremes (90% short).
Could be a signal of a tide turning, although it won't be a fast process.
Last time this happened in 2016 we had a major bull run off the lows @ 2000.
Was good for 2000 points in 24 months (1.2-1.4).

Either way 2000 will likely get a re-test, even if it's a long-term DB structure.
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  • #497,692
  • Oct 13, 2019 4:07am Oct 13, 2019 4:07am
Quoting fontu
it was a huge crazy spike up no doubt, played so far in new make channel up got target 2582 weekly resistance closewise & next may 2720 & real target here 2782. next one ok , final one also may ok try with next market open. ok 2742 but will look for next leg down 2332/2293 before reaction. so will watch for weekly close at low little below 2582.so unrest for sure with big ranges in the play . PA remain the same but legs changes.crazy can change further dramatically if breaks & stay over 2782 for 3100 play , otherwise back to pavilion likely at the...
checking it again in another long term chart , ok play as per , risks remain intact though.
take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #497,693
  • Oct 13, 2019 5:03am Oct 13, 2019 5:03am
GU...target 1.2770
  • #497,694
  • Oct 13, 2019 8:33am Oct 13, 2019 8:33am
...and now we watch how CD leg unfolds and where will be terminated...Choose your analysis (EW, HP, or just technical tools (channel, horizontal trend lines, S/R zones, ranges). Good luck with your trading.
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Always trade your own plan...I don't provide trading signals.
  • #497,695
  • Edited 9:34am Oct 13, 2019 9:15am | Edited 9:34am
brexit uncertainty
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MA provides the market's current direction and strength.
  • #497,696
  • Oct 13, 2019 9:32am Oct 13, 2019 9:32am
Quoting Dingoman-two
{quote} I dont believe anything Goldman sachs say, Trade wisely folks we are still amongst the Bears. {image}
I'm with you on that sentiment.

Why would a talk with an Irish PM cause this much liquidity to move? What do they know they're not telling the public? Or is this just a volatile spike in the markets that will move lower in the weeks to come?

I wouldn't take this spike as a typical indicator of a change in the direction of the overall sentiment of the market. Brexit STILL hasn't happened, and as far as i'm concerned, is just empty words.

Thoughts, disagreements always welcome
  • #497,697
  • Oct 13, 2019 9:35am Oct 13, 2019 9:35am
Quoting Ra.
{quote} I'm with you on that sentiment. Why would a talk with an Irish PM cause this much liquidity to move? What do they know they're not telling the public? Or is this just a volatile spike in the markets that will move lower in the weeks to come? I wouldn't take this spike as a typical indicator of a change in the direction of the overall sentiment of the market. Brexit STILL hasn't happened, and as far as i'm concerned, is just empty words. Thoughts, disagreements always welcome
I agree with you. It could be the last move up before go big down. I could be the continuation of move up. it becomes sensitive to news.
MA provides the market's current direction and strength.
  • #497,698
  • Oct 13, 2019 9:36am Oct 13, 2019 9:36am
ignorance is a bliss. some talk about sentiment in the market. while obviously ignoring the facts.
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  • #497,699
  • Oct 13, 2019 9:38am Oct 13, 2019 9:38am
Quoting asgcorp
ignorance is a bliss. some talk about sentiment in the market. while obviously ignoring the facts. {image}
From where you get this information. Its a nice summary. Thanks
MA provides the market's current direction and strength.
  • #497,700
  • Oct 13, 2019 9:40am Oct 13, 2019 9:40am
myfxbook.
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