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Cable Update (GBPUSD)

  • #497,781
  • Oct 14, 2019 1:22am Oct 14, 2019 1:22am
Quoting elbert3
{image}
there is something called bank holiday
  • #497,782
  • Oct 14, 2019 1:39am Oct 14, 2019 1:39am
Quoting Js3mwtRc
{quote} Maybe this website can help you, I am not an affiliate just using it to watch the calendar, indicators and forecasts.
Thank you, I will try that!
  • #497,783
  • Oct 14, 2019 1:45am Oct 14, 2019 1:45am
London market is too slow. I want johnson to give a speech as if brexit is totally resoved.
Intraday only.
  • #497,784
  • Oct 14, 2019 1:51am Oct 14, 2019 1:51am
let it breaks limit 2542 then will short at top of the bounce for 2240. lets see , better scalping as start , like eurusd
https://www.forexfactory.com/showthr...0#post12558570
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 35 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #497,785
  • Oct 14, 2019 2:04am Oct 14, 2019 2:04am
Brexit optimism delivered the sterling's best couple days in a decade. Thursday's positive meeting between PM Boris Johnson and Ireland's Premier Leo Varadkar was followed by constructive talks with the EU. The market was not pricing in any optimism for a Brexit deal being reached, so the exaggerated move should come as no surprise. We are still pretty far from a final exit agreement being reached but the recent progress was enough of a reason for traders to abandon short bets for now.
  • #497,786
  • Oct 14, 2019 2:04am Oct 14, 2019 2:04am
long 2577 tp 2630
  • #497,787
  • Oct 14, 2019 2:10am Oct 14, 2019 2:10am
thankfully my short has a belt and i will continue with it
  • #497,788
  • Oct 14, 2019 2:50am Oct 14, 2019 2:50am
Quoting b_hand
long 2577 tp 2630
if you use Ma Ca Danda you will never make such mistakes
  • #497,789
  • Oct 14, 2019 3:02am Oct 14, 2019 3:02am
Quoting RobyTurboSS
{quote} Cut a litle bit. 1.22 to 1.27 (500) is only 4% gain an will vanish with the same speed, transforming into -6%.No bull hit the target 1.28 ...most of them took only 100 pips profit and missed the rally.I didn't missed the rally since i sold the rally , most of the entries above 1.2650 ,i have an avg entry price of 1.2525.The big Bear is dancing this week.I can add to this the overall trend still heavy red.
average entry 1,2525 .. noted .. i hope it plays out for you ...

means you started selling at 450 and adding all the way up to 700 .. yikes

If the news on the weekend was really taken as bearish ... or the next cycle down started wouldn't they have moved gbpusd down 250 today under low volume conditions ? Just a questions.

What I know is that the move below 560 at the moment is not an easy one and then there is major daily support at 500 . Once /if we get to 500 then we see how price reacts.

I got my 40 pip target today in both gbpusd and gbpjpy ... so all good . I hate staying in market for more than 3 hours ... take my profit and run both trades 5% on account each with 2.5% risk .
Blogging daily now at www.volume.zone
  • #497,790
  • Oct 14, 2019 3:04am Oct 14, 2019 3:04am
Quoting PatienceFx
{quote} if you use Ma Ca Danda you will never make such mistakes
forgot to post Ma Ca Danda [ mother.s beating stick ]
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h1-fxopen-investments-inc.png Size: 30 KB
  • #497,791
  • Oct 14, 2019 3:06am Oct 14, 2019 3:06am
I learn from my mistake
the monster still inside we will see 27xx or 28xx fibo cluster 78.6 and 1.618.
  • #497,792
  • Oct 14, 2019 3:13am Oct 14, 2019 3:13am
Quoting b_hand
I learn from my mistake the monster still inside we will see 27xx or 28xx fibo cluster 78.6 and 1.618.
simple words macd shows market demand curve

if above 0 then there is a bullish demand, if below 0 then there is a bearish demand

if there is no demand = means nobody is interested in buying === why should you try to be Superman

go with the flow
  • #497,793
  • Oct 14, 2019 3:16am Oct 14, 2019 3:16am
Quoting b_hand
long 2577 tp 2630
can I help you a little ?

plot a 14 sma on your charts...

price is under it no buys
price is above it no sells
Blogging daily now at www.volume.zone
  • #497,794
  • Oct 14, 2019 3:20am Oct 14, 2019 3:20am
Quoting malcolmb14
{quote} can I help you a little ? plot a 14 sma on your charts... price is under it no buys price is above it no sells
Like gold .. you want to try and sell that today ? that plan is a money loser

the 14 sma is the trend line
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_4048.PNG Size: 192 KB
Blogging daily now at www.volume.zone
  • #497,795
  • Oct 14, 2019 3:24am Oct 14, 2019 3:24am
a bit early to call it still (more H4 candles required), but likely a bear trap in progress. Bulls still have a valid target @ 2800 later this week.
  • #497,796
  • Oct 14, 2019 3:25am Oct 14, 2019 3:25am
Quoting malcolmb14
{quote} can I help you a little ? plot a 14 sma on your charts... price is under it no buys price is above it no sells
I will take that advice.
  • #497,797
  • Oct 14, 2019 3:26am Oct 14, 2019 3:26am
Quoting Novice321
{quote} I will take that advice.
It's a stupid rule I have that's kept me out of a lot of bad trades over the years

when the market is ready to rally it will bounce off support and the do a higher low ... always
Blogging daily now at www.volume.zone
  • #497,798
  • Oct 14, 2019 3:28am Oct 14, 2019 3:28am
Quoting malcolmb14
{quote} average entry 1,2525 .. noted
he started short selling from 2220. So must be not an average daytrader with strong firepower in his account. Probably trading 7 figures plus.
  • #497,799
  • Oct 14, 2019 3:30am Oct 14, 2019 3:30am
Quoting malcolmb14
{quote} It's a stupid rule I have that's kept me out of a lot of bad trades over the years when the market is ready to rally it will bounce off support and the do a higher low ... always
like this chart ...

higher low ... place a bit stop above the bar that forms the higher low and stop under

many traders love buying support just because ... but supports will always be tested in forms of double bottoms or treble bottoms or higher lows and sometimes price take a long time to rise off a support or get rejected off a resistance so never be in a hurry to trade them ...
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_4050.PNG Size: 1.1 MB
Blogging daily now at www.volume.zone
  • #497,800
  • Oct 14, 2019 3:31am Oct 14, 2019 3:31am
Quoting asgcorp
{quote} he started short selling from 2220. So must be not an average daytrader with strong firepower in his account. Probably trading 7 figures plus.
Nothing like 500 pip drawdown 😜😜😜
Blogging daily now at www.volume.zone
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