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Cable Update (GBPUSD)

  • #499,621
  • Oct 20, 2019 4:02am Oct 20, 2019 4:02am
Quoting malcolmb14
{quote} Noob pull fibs to very top
HAHAHAHHAHAHAHAHAHAHAHA......

Okay where should I put it?
Don't Leave Money on the Table
  • #499,622
  • Oct 20, 2019 4:05am Oct 20, 2019 4:05am
Quoting AlphaOmega.
{quote} I am in Port Elizabeth, South Africa and agree with you whole heartily to the point of GBP will do better without EU. This is my 2 cents. GBP at the moment have more foreigners in London than actual British citizens, so they have to make a plan there, because the British also has become lazy over time as the rest of Europe, with all the foreigners trailing in from the emerging countries. And for your $500 comment... This is why South Africa will get nowhere because of all the damn corruption. Maybe because of the IQ comment, maybe because...
Well said, part of the reason I'm trading, just not for my own benefit but create some sort of legacy to be proud of
Don't Leave Money on the Table
  • #499,623
  • Oct 20, 2019 4:17am Oct 20, 2019 4:17am
BJ is crazy. Latest

https://news.sky.com/story/uk-sends-...-mean-11840136
  • #499,624
  • Oct 20, 2019 4:23am Oct 20, 2019 4:23am
Quoting AlphaOmega.
{quote} I am in Port Elizabeth, South Africa and agree with you whole heartily to the point of GBP will do better without EU. This is my 2 cents. GBP at the moment have more foreigners in London than actual British citizens, so they have to make a plan there, because the British also has become lazy over time as the rest of Europe, with all the foreigners trailing in from the emerging countries. And for your $500 comment... This is why South Africa will get nowhere because of all the damn corruption. Maybe because of the IQ comment, maybe because...
Most brits that want to get ahead leave the uk and go and work overseas.

Millennials the world over have become lazy. They want nice office jobs and will not take waiter / bar man / labourer jobs .

Back in the day I wanted to call my Bird i had to go out to the local phone box down the road with my 5 pences in the middle of winter in the pouring rain , wait for the other person to finish using it before my turn . I had to actually walk to the chippy to get fish n chips take away Now Millennial have everything at the finger tips and its made them damn lazy.

Africa has a lot of corruption .... but so does any western country. We just do it more subtly. Uk is one of the only countries with anti corruption laws brought in recently that span the globe ( no more fat brown envelopes for me lol ) . Why would they need that law if there was no corruption ?
Blogging daily now at www.volume.zone
  • #499,625
  • Oct 20, 2019 4:29am Oct 20, 2019 4:29am
back to trading

In one of my video last week i noted a supply bar with 1.2836 top and 1.2733 bottom

I will be looking for either of those levels to break and trend down 60/30/15 for sell on Monday
Blogging daily now at www.volume.zone
  • #499,626
  • Oct 20, 2019 4:57am Oct 20, 2019 4:57am
Quoting malcolmb14
back to trading In one of my video last week i noted a supply bar with 1.2836 top and 1.2733 bottom I will be looking for either of those levels to break and trend down 60/30/15 for sell on Monday
For those that like trend trading

look at what level the Middle bollinger band is now .. 2840 and roughly where we are going to open Monday unless something goes crazy between now and then
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_4280.PNG Size: 210 KB
Blogging daily now at www.volume.zone
  • #499,627
  • Oct 20, 2019 5:01am Oct 20, 2019 5:01am
If we break the low of that upthrust bar we can say trend has reversed on a 4 hour
Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #499,628
  • Oct 20, 2019 5:05am Oct 20, 2019 5:05am
Quoting malcolmb14
If we break the low of that upthrust bar we can say trend has reversed on a 4 hour {image}
I agree breaking 2840 reversal sign for me. I shorted Friday betting that this would break a little aggressive maybe
ex nihilo
  • #499,629
  • Oct 20, 2019 5:13am Oct 20, 2019 5:13am
Quoting Oc6oph
{quote} I agree breaking 2840 reversal sign for me. I shorted Friday betting that this would break a little aggressive maybe
Very agressive . I am not to much of a risk taker in trading . I prefer to see things like that upthrust on the 4 hour and then look for further weakness in the chart .. ( same set up can appear on 30/15/10 charts intraday) . I like the safer trades and when I do see the nice set ups I can risk up to 10 percent of account to make 40 percent . I am more of a one shot one kill kinds of trader than a machine gun trader
Blogging daily now at www.volume.zone
  • #499,630
  • Oct 20, 2019 5:23am Oct 20, 2019 5:23am
Quoting malcolmb14
{quote} Very agressive . I am not to much of a risk taker in trading . I prefer to see things like that upthrust on the 4 hour and then look for further weakness in the chart .. ( same set up can appear on 30/15/10 charts intraday) . I like the safer trades and when I do see the nice set ups I can risk up to 10 percent of account to make 40 percent . I am more of a one shot one kill kinds of trader than a machine gun trader
Yes thought it would break and wanted to be up a bit from 2840 to short so took a chance
ex nihilo
  • #499,631
  • Oct 20, 2019 5:28am Oct 20, 2019 5:28am
Quoting malcolmb14
{quote} Very agressive . I am not to much of a risk taker in trading . I prefer to see things like that upthrust on the 4 hour and then look for further weakness in the chart .. ( same set up can appear on 30/15/10 charts intraday) . I like the safer trades and when I do see the nice set ups I can risk up to 10 percent of account to make 40 percent . I am more of a one shot one kill kinds of trader than a machine gun trader
I also found that VSA came with these restrictions, interesting to read that risking 4% on one trade is the solution, I didn’t think about that.
  • #499,632
  • Oct 20, 2019 5:30am Oct 20, 2019 5:30am
Big problem for short now GB crossed MA 200 daily up.
  • #499,633
  • Oct 20, 2019 5:31am Oct 20, 2019 5:31am
Quoting Pacmanpip
{quote} I also found that VSA came with these restrictions, interesting to read that risking 4% on one trade is the solution, I didn’t think about that.
lets say we see an upthrust like that one i showed .... and then we see a small down move and then an up move with a no demand ...

we can happily sell the no demand with even 8 % risk as long as no news is imminent as its perfect set up as that is a 99% chance of a very profitable trade

VSA set ups do not happen very often on 30 min charts but when they do ( about twice a day) they lead to powerful big moves

Indices I trade on 10 min charts on MT 5 ... more set ups come daily
Blogging daily now at www.volume.zone
  • #499,634
  • Oct 20, 2019 5:44am Oct 20, 2019 5:44am
Attached Image (click to enlarge)
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yes yes yes
  • #499,635
  • Oct 20, 2019 5:48am Oct 20, 2019 5:48am
Quoting Moty
{image}
I agree with you think we’ll retest 2580
ex nihilo
  • #499,636
  • Oct 20, 2019 5:51am Oct 20, 2019 5:51am
Quoting HaLBot
{quote} HAHAHAHHAHAHAHAHAHAHAHA...... Okay where should I put it?
chest to butt
  • #499,637
  • Oct 20, 2019 6:18am Oct 20, 2019 6:18am
https://www.theguardian.com/politics...box=1571568932
sell strength in falling markets, and buy weakness in rising markets.
  • #499,638
  • Oct 20, 2019 6:39am Oct 20, 2019 6:39am
Quoting PatienceFx
{quote} chest to butt
Actually the blue colour fibo @ 161.8 lines up nicely with the high @ 3175 on 3rd May 2019
Attached Image (click to enlarge)
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Don't Leave Money on the Table
  • #499,639
  • Oct 20, 2019 6:44am Oct 20, 2019 6:44am
I might joke around a bit and go of topic but doing pretty well, best week ever, had a real break through in trading ability, added 5 fingers to trading account just this week gone and banked 3 fingers
Don't Leave Money on the Table
  • #499,640
  • Oct 20, 2019 7:03am Oct 20, 2019 7:03am
Quoting HaLBot
{quote} Actually the blue colour fibo @ 161.8 lines up nicely with the high @ 3175 on 3rd May 2019 {image}
i have an automated solution

i am too lazy to hunt for support resistance levels

google autofibautotrend.mq4
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