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Cable Update (GBPUSD)

  • #515,501
  • Apr 6, 2020 7:18am Apr 6, 2020 7:18am
Is there a way to get 300 pips down before today close???
  • #515,502
  • Apr 6, 2020 7:28am Apr 6, 2020 7:28am
Quoting Vincent1
Is there a way to get 300 pips down before today close???
Mabye at gbp/ aud
yes yes yes
  • #515,503
  • Apr 6, 2020 7:29am Apr 6, 2020 7:29am
Monday is tricky, don't risk too much please.
Patience.....
  • #515,504
  • Apr 6, 2020 7:33am Apr 6, 2020 7:33am
Quoting Fredo219
Monday is tricky, don't risk too much please.
I agree with you. And im come back to market again..
  • #515,505
  • Apr 6, 2020 7:41am Apr 6, 2020 7:41am
Bought 1.22775 with SL -20.
Lost....
  • #515,506
  • Apr 6, 2020 7:43am Apr 6, 2020 7:43am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 45 KB
Follow The Markets Structure - Patience and Discipline
  • #515,507
  • Apr 6, 2020 7:46am Apr 6, 2020 7:46am
Quoting Vincent1
Is there a way to get 300 pips down before today close???
wish there was, would jump on that quicker than you would believe lol, monday is very hard always worse day for movement for the week imo
  • #515,508
  • Apr 6, 2020 7:47am Apr 6, 2020 7:47am
Quoting Fredo219
Monday is tricky, don't risk too much please.
heavily agreed
  • #515,509
  • Apr 6, 2020 7:52am Apr 6, 2020 7:52am
what do you think about this?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (5)_LI.jpg Size: 1.1 MB
  • #515,510
  • Apr 6, 2020 7:53am Apr 6, 2020 7:53am
Quoting Mattiabarso
what do you think about this? {image}
That's what I currently have.....resistance becomes support.
Stops at BE.
Lost....
  • #515,511
  • Apr 6, 2020 8:18am Apr 6, 2020 8:18am
M5

Sell @ 1.22804
Bounce from MA20 and Resistanse

s. Chart

atb vvm
Attached Image (click to enlarge)
Click to Enlarge Name: 06.04-M5-11.png Size: 38 KB
PA Trading with EMAs & common Sense
  • #515,512
  • Apr 6, 2020 8:30am Apr 6, 2020 8:30am
Quoting Mattiabarso
what do you think about this? {image}
All markets and time frames have at least 3 trends (there is actually more because markets are fractal) but for our purposes , always consider at least the next higher degree swings for points of sup/res so around 2321 (look left) is next larger degree swing old support becomes new resistance.
Follow The Markets Structure - Patience and Discipline
  • #515,513
  • Apr 6, 2020 8:48am Apr 6, 2020 8:48am
Quoting pipfarm
{quote} All markets and time frames have at least 3 trends (there is actually more because markets are fractal) but for our purposes , always consider at least the next higher degree swings for points of sup/res so around 2321 (look left) is next larger degree swing old support becomes new resistance.
What do you mean? Each time frame has its own trend (up/down/range or irregular). But why would you say each time frame has 3 trends or more?
  • #515,514
  • Apr 6, 2020 9:01am Apr 6, 2020 9:01am
Quoting shahab8b
{quote} What do you mean? Each time frame has its own trend (up/down/range or irregular). But why would you say each time frame has 3 trends or more?

It is a fact and you can read it in any good book on technical analysis, i will post some examples
Follow The Markets Structure - Patience and Discipline
  • #515,515
  • Apr 6, 2020 9:03am Apr 6, 2020 9:03am
H1

BuyStop @ 1.22955

atb vvm
PA Trading with EMAs & common Sense
  • #515,516
  • Apr 6, 2020 9:04am Apr 6, 2020 9:04am
H1

s. Chart

atb vvm
Attached Image (click to enlarge)
Click to Enlarge Name: 06.04-H1-11.png Size: 50 KB
PA Trading with EMAs & common Sense
  • #515,517
  • Apr 6, 2020 9:07am Apr 6, 2020 9:07am
Quoting pipfarm
{quote} It is a fact and you can read it in any good book on technical analysis, i will post some examples
Ok, I'd be happy to read your reference book/website. My understanding is that each TF has a trend so market can be for example daily up, 4h range, and 30 min down, but this is the first time I heard each TF can have 3 or more trends.
  • #515,518
  • Apr 6, 2020 9:12am Apr 6, 2020 9:12am
Quoting shahab8b
{quote} Ok, I'd be happy to read your reference book/website. My understanding is that each TF has a trend so market can be for example daily up, 4h range, and 30 min down, but this is the first time I heard each TF can have 3 or more trends.
Look for the books technical analysis of stock trends edwards and magee and technical analysis explained martin pring
Follow The Markets Structure - Patience and Discipline
  • #515,519
  • Apr 6, 2020 9:36am Apr 6, 2020 9:36am
gonna research this! thankyou
  • #515,520
  • Apr 6, 2020 9:56am Apr 6, 2020 9:56am
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