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Cable Update (GBPUSD)

  • #497,701
  • Oct 13, 2019 7:40am Oct 13, 2019 7:40am
Quoting asgcorp
ignorance is a bliss. some talk about sentiment in the market. while obviously ignoring the facts. {image}
I have got this, but it is 2019-10-08 data.
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MA provides the market's current direction and strength.
  • #497,702
  • Oct 13, 2019 7:40am Oct 13, 2019 7:40am
In high impact news, the price does not obey lines, we do not know where to mark these lines ... so I will leave the chart clean and I will trade supports and resistances, ,and be aware of the drawings, that form and guide, they never fail.
  • #497,703
  • Oct 13, 2019 7:41am Oct 13, 2019 7:41am
watch the video I've posted today. It's for the smart traders. Indicator junkies should skip it though.
  • #497,704
  • Oct 13, 2019 8:01am Oct 13, 2019 8:01am
Quoting asgcorp
watch the video I've posted today. It's for the smart traders. Indicator junkies should skip it though.
too bad i missed the video , my indicators gave me only 650 pips , had i seen your video i could have collected more
  • #497,705
  • Oct 13, 2019 8:05am Oct 13, 2019 8:05am
Quoting asgcorp
watch the video I've posted today. It's for the smart traders. Indicator junkies should skip it though.
I don't use a single indicator. It takes some getting use to, but forces you to read between the lines...
  • #497,706
  • Oct 13, 2019 8:25am Oct 13, 2019 8:25am
Quoting Ra.
{quote} I don't use a single indicator. It takes some getting use to, but forces you to read between the lines...
that's good to know. means you are on the right path and making progress. A lot better than most of the indicator junkies in here, who registered 5-10 years
ago and still trading with 0.01 lot size.
  • #497,707
  • Oct 13, 2019 8:40am Oct 13, 2019 8:40am
Who is going to buy 1.27, 1.28, 1.29 ? this levels was consolidation zone that got broken to the down side.

my opinion now is to look for sell signal back to 1.20 or i stay-out from buy

my past experience is to stay caution when price move faster than usual it either give other trade a chance to enter..

if you are not looking for more than 100pips dont buy GU its damn risky
Naked chart is clearer look for sell or stay out
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MY OPINION NOT FINANCIAL ADVISE
  • #497,708
  • Oct 13, 2019 9:08am Oct 13, 2019 9:08am
Quoting PatienceFx
{quote} too bad i missed the video , my indicators gave me only 650 pips , had i seen your video i could have collected more
only 650 ... do better next time
Blogging daily now at www.volume.zone
  • #497,709
  • Oct 13, 2019 9:26am Oct 13, 2019 9:26am
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

lets see ....

ignore news or trade the opposite . Normally it works . or just trade the charts and forget news all together. In indexes bad news is good news as the worse the news the more bullish markets get on rate cuts and the higher the indexes go . I just mark on chart when news is coming (major known announcements ) . When trump is about to tweet the indexes go really quiet and tick volume dies right off . Whenever that happens I close my index trades immediately

Trump as adamant no interim deal with china . The more he kept putting on the news that no way was he going to do interim deal the higher the chances he was going to do one. and hey presto like magic an interim deal is done and trade war truce done and dow does vertical 1000 and probably will go to new all time highs next week.

The charts did a break out on high volume last week . That is a true breakout .. now if you are unsure wait for the down day / week on low volume or narrow spread.. narrow spread with low volume will confirm that there is no sell interest and then we can get all excited for more bull run to come. i am a trend trader intraday and just follow trend alignment on multi time frames ... 60/30/15/10/5 lines up down look for sells , 60/30/15/10/5 lines up green buy dips ... micky mouse but works

Don Friday hit the nail on the head well ... wide spread bars like the one we saw last week are big red flag and need to be treated with caution . I am looking for a test of 2500 and see the reaction to that.
Blogging daily now at www.volume.zone
  • #497,710
  • Oct 13, 2019 9:41am Oct 13, 2019 9:41am

  1. I always trade on demo , never on live
  2. I always trade with 0.01 lot size never more

But

  1. the but is that my trades are copied by people on multiple platforms and i get paid per trade
  2. been doing this since 2009
  3. its called making money out of thin air
  4. but there is a risk, the risk is that my DD cannot exceed 25% of pips at any time or my commissions decrease
  5. and i love what i do

  • #497,711
  • Oct 13, 2019 9:48am Oct 13, 2019 9:48am
End of the good news for GBP.
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  • #497,712
  • Edited 10:10am Oct 13, 2019 9:53am | Edited 10:10am
Quoting donfriday
Who is going to buy 1.27, 1.28, 1.29 ? this levels was consolidation zone that got broken to the down side. my opinion now is to look for sell signal back to 1.20 or i stay-out from buy my past experience is to stay caution when price move faster than usual it either give other trade a chance to enter.. if you are not looking for more than 100pips dont buy GU its damn risky Naked chart is clearer look for sell or stay out {image}
risky for sure for long , those already in can hold to see if test next target 2782 or limit 2863 upon last last big candle up last week as expected but with abnormally crazy and how distorted the normal pa while target still remain the same medium term 1.0603, let test the target or back from where it came , weekly engulfing possible, so let it signal to enter as new next week. anyway it ran fast one last leg up to down big !!
Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #497,713
  • Oct 13, 2019 10:00am Oct 13, 2019 10:00am
Quoting PatienceFx
I always trade on demo , never on live I always trade with 0.01 lot size never more But the but is that my trades are copied by people on multiple platforms and i get paid per trade been doing this since 2009 its called making money out of thin air but there is a risk, the risk is that my DD cannot exceed 25% of pips at any time or my commissions decrease and i love what i do
more than the rotten indicators, i always keep an eye on macro economics to guide me

trading becomes a piece of cake if you know the economy well
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  • #497,714
  • Oct 13, 2019 10:04am Oct 13, 2019 10:04am
Is it going to happen like this? give your thought
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MA provides the market's current direction and strength.
  • #497,715
  • Oct 13, 2019 10:10am Oct 13, 2019 10:10am
Quoting hasib
Is it going to happen like this? give your thought {image} {image}
cable is expected to drop to parity sometime in Q1 2020 ; brexit woes
  • #497,716
  • Oct 13, 2019 10:22am Oct 13, 2019 10:22am
possible pa in smaller tf
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #497,717
  • Oct 13, 2019 10:38am Oct 13, 2019 10:38am
Quoting PatienceFx
{quote} more than the rotten indicators, i always keep an eye on macro economics to guide me trading becomes a piece of cake if you know the economy well {image}
I randomly came across this. Excellent tracker to keep abreast of CB policies and fundamentals that are driving those decisions. Did you create your own?
I'm currently working on something, but I'm hoping you can direct me towards a source or an existing table somewhere that will save me some time/effort?
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  • #497,718
  • Oct 13, 2019 10:39am Oct 13, 2019 10:39am
my conclusion for the next few weeks 2019
1.28 is a big fish zone
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MY OPINION NOT FINANCIAL ADVISE
  • #497,719
  • Oct 13, 2019 10:40am Oct 13, 2019 10:40am
Quoting donfriday
Who is going to buy 1.27, 1.28, 1.29 ?
You are asking wrong Q. "Who sold at 1.27 ... ?" is the right one to ask.
  • #497,720
  • Oct 13, 2019 10:50am Oct 13, 2019 10:50am
Quoting lemur6666
{quote} You are asking wrong Q. "Who sold at 1.27 ... ?" is the right one to ask.

Read...1.27 1.28. 1.29 is fishing zone..... ...i dont buy into resistance...rather wait for sell
MY OPINION NOT FINANCIAL ADVISE
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