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Cable Update (GBPUSD)

  • #500,981
  • Oct 24, 2019 12:32pm Oct 24, 2019 12:32pm
these Brexit jokers are playing on a daily basis.

Real turmoil.
Intraday only.
  • #500,982
  • Oct 24, 2019 12:34pm Oct 24, 2019 12:34pm
Quoting khalid33
Breaking news : EU president Juncker says Boris Johnson lied during Brexit referendum
yea mate , far too many lies and far too many liars around the whole affair since 2016 and earlier
  • #500,983
  • Oct 24, 2019 12:40pm Oct 24, 2019 12:40pm
Quoting MXT
{quote} yea mate , far too many lies and far too many liars around the whole affair since 2016 and earlier
Price also lied and bounced hard from 2180 as if there is no tomorrow.

Lol.
Intraday only.
  • #500,984
  • Oct 24, 2019 12:49pm Oct 24, 2019 12:49pm
Quoting navk
this bounce will make it interesting tomorrow. {image}
would you kindly elaborate dear
sell strength in falling markets, and buy weakness in rising markets.
  • #500,985
  • Oct 24, 2019 12:49pm Oct 24, 2019 12:49pm
hello again

if im correct parliament voted for the queens speech?
and now boris wants an election december 12th....

and im seeing small pushes upward on m5
a break and test of 2845 would be a long signal for me
in wondering about yourself, you forgot what you came here to be part of
  • #500,986
  • Oct 24, 2019 12:53pm Oct 24, 2019 12:53pm
Quoting knkie
hello again if im correct parliament voted for the queens speech? and now boris wants an election december 12th.... and im seeing small pushes upward on m5 a break and test of 2845 would be a long signal for me
What does the daily time frame show? Also, what are your entry/exit triggers?
Charts don't drive price, market conditions drive price...
  • #500,987
  • Oct 24, 2019 12:56pm Oct 24, 2019 12:56pm
Quoting htcone
{quote} would you kindly elaborate dear
This is bullish engulfing candle. A small bearish candle is engulfed by a bigger bullish candle.

This means reversal in hourly time frame.

How to trade?

Usually, the bottom of bullish engulfing candle holds.

This is theory. Engulfing in daily or weekly is more valid.
Intraday only.
  • #500,988
  • Oct 24, 2019 12:56pm Oct 24, 2019 12:56pm
Quoting Guztro
{quote} What does the daily time frame show? Also, what are your entry/exit triggers?
i see the beginnings of bears

what does the daily show you?

my triggers are quite simple: i keep track of LHs HLs and LLs HHs on three time frames and try to catch momentum breakouts.
no indicators. just fractals and waves.

edit: jsut to add a bit. I dont like the day chart very much because its often late before finally giving a trend signal.
I prefer to use H4 as a main trend indication and then if it seems like it is transferring to the day trend i will take that too.
But if i see opportunities on H4/M30 i dont care what the day trend is.
in wondering about yourself, you forgot what you came here to be part of
  • #500,989
  • Oct 24, 2019 12:57pm Oct 24, 2019 12:57pm
Quoting knkie
{quote} i see the beginnings of bears what does the daily show you? my triggers are quite simple: i keep track of LHs HLs and LLs HHs on three time frames and try to catch momentum breakouts. no indicators. just fractals and waves.
It shows bears, correct. I also trade with no indicators, but I never trade against the trend.
Charts don't drive price, market conditions drive price...
  • #500,990
  • Oct 24, 2019 1:04pm Oct 24, 2019 1:04pm
Quoting Guztro
{quote} It shows bears, correct. I also trade with no indicators, but I never trade against the trend.
im glad its correct
i did not it was a test lol

this really looks like a flip north to me
in wondering about yourself, you forgot what you came here to be part of
  • #500,991
  • Oct 24, 2019 1:08pm Oct 24, 2019 1:08pm
Quoting knkie
{quote} im glad its correct i did not it was a test lol this really looks like a flip north to me
If your trading method works for you, and you are making money....that's all the counts.
Charts don't drive price, market conditions drive price...
  • #500,992
  • Oct 24, 2019 1:10pm Oct 24, 2019 1:10pm
Checking usdx, some correction to resume bull /breakout apparently. Take care
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #500,993
  • Oct 24, 2019 1:10pm Oct 24, 2019 1:10pm
ah what the heck

BUY 2849
in wondering about yourself, you forgot what you came here to be part of
  • #500,994
  • Oct 24, 2019 1:11pm Oct 24, 2019 1:11pm
Quoting Guztro
{quote} If your trading method works for you, and you are making money....that's all the counts.
agreed
in wondering about yourself, you forgot what you came here to be part of
  • #500,995
  • Oct 24, 2019 1:12pm Oct 24, 2019 1:12pm
Quoting knkie
ah what the heck BUY 2849
target 2875-ish
thats about the level on M30 that broke south
i see this as a test of that level

its against the trend though ;p
in wondering about yourself, you forgot what you came here to be part of
  • #500,996
  • Oct 24, 2019 1:20pm Oct 24, 2019 1:20pm
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 30 KB
yes yes yes
  • #500,997
  • Oct 24, 2019 1:25pm Oct 24, 2019 1:25pm
Quoting khalid33
sorry bulls but this hungry bear needs at least 300 pips to calm down {image}
He'll just have to stay angry then...
Come with me if you want to live....
  • #500,998
  • Oct 24, 2019 1:26pm Oct 24, 2019 1:26pm
Some correction H1 possible but main trend down,i went out from short ,short tomorrow
  • #500,999
  • Oct 24, 2019 1:34pm Oct 24, 2019 1:34pm
Quoting knkie
{quote} target 2875-ish thats about the level on M30 that broke south i see this as a test of that level its against the trend though ;p
trailed tight and stopped out with an amazing 3 pips

could go south again
in wondering about yourself, you forgot what you came here to be part of
  • #501,000
  • Oct 24, 2019 1:37pm Oct 24, 2019 1:37pm
Entered short here, boredom waiting for wife to cook dinner while on the sofa trading...
I play the trade gamble to feed my Porsche addiction.
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