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Cable Update (GBPUSD)

  • #517,561
  • Apr 23, 2020 1:17pm Apr 23, 2020 1:17pm
Quoting zuluremys
{quote} You can't catch every trade. Unless you have an ea. But I don't use expert advisers.
Neither do I.

Attached Image
Focus.
  • #517,562
  • Apr 23, 2020 1:26pm Apr 23, 2020 1:26pm
Quoting Stefan90csk
{quote} I was talking to mkvy. You know I'm with you on this one! Go team Bears
ooh my bad
yes yes yes
  • #517,563
  • Apr 23, 2020 1:27pm Apr 23, 2020 1:27pm
Not even close to reversing to down yet so save your arguments

This is what needs to happen, does not mean it will, could still reverse up

Attached Image (click to enlarge)
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Follow The Markets Structure - Patience and Discipline
  • #517,564
  • Apr 23, 2020 1:43pm Apr 23, 2020 1:43pm
i am out ,40 pips loss
tomorrow it's a new day
yes yes yes
  • #517,565
  • Apr 23, 2020 2:31pm Apr 23, 2020 2:31pm
Quoting Stefan90csk
{quote} I was talking to mkvy. You know I'm with you on this one! Go team Bears
Ive flipped my mind again, im out of the sell and looking for a buy, not coming yet though
  • #517,566
  • Apr 23, 2020 2:52pm Apr 23, 2020 2:52pm
Quoting pipfarm
{quote} Here is your trade what is the 30 min doing - its up {image} What is the 5 minute doing - if the 30 is up and 5 down the it could be a correction {image} What do correction do- abcd etc , zig zag, wedge .channel etc etc, has the correction changed from down to up yet? Do u see any resistance above you? {image}
Hi sorry been busy gardening all day . My last trade was stopped out but the morning trades were the better ones .
  • #517,567
  • Apr 23, 2020 2:55pm Apr 23, 2020 2:55pm
Quoting pipfarm
Not even close to reversing to down ram yet so save your arguments This is what needs to happen, does not mean it will, could still reverse up {image}
Yes I think it’s going up . To the higher trend 2420 2450 !!it was 10 pips or so from resistance 2420 . Just ran out of steam
  • #517,568
  • Apr 23, 2020 3:02pm Apr 23, 2020 3:02pm
Quoting pipfarm
Not even close to reversing to down yet so save your arguments This is what needs to happen, does not mean it will, could still reverse annex up {image}
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it’s a bit messy but I would like to think it’s trading in a higher channel now . I could be wrong regards
  • #517,569
  • Apr 23, 2020 4:08pm Apr 23, 2020 4:08pm
Definitely looks like it could be on its way up. Theres a break of a lower high in there. Still waiting for another confirmation signal.
  • #517,570
  • Apr 23, 2020 4:29pm Apr 23, 2020 4:29pm
Bear flag pattern need confirmation
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  • #517,571
  • Apr 23, 2020 4:50pm Apr 23, 2020 4:50pm
Attachment g
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yes yes yes
  • #517,572
  • Apr 23, 2020 4:52pm Apr 23, 2020 4:52pm
theres a very good reason why the price is doing what its doing. Thats not to say it could not breakdown later
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  • #517,573
  • Apr 23, 2020 4:54pm Apr 23, 2020 4:54pm
USDX penant pattern on H4. I could be wrong too
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  • #517,574
  • Apr 23, 2020 4:55pm Apr 23, 2020 4:55pm
Quoting Moty
i am out ,40 pips loss tomorrow it's a new day
You are not the only one Moty. But hey we are traders...a couple of losses doesn't define us
  • #517,575
  • Apr 23, 2020 5:10pm Apr 23, 2020 5:10pm
Ever so briefly took out yesterdays high.
4hr showing classic rejection off 1.24 resistance.

We are going lower
Compulsions can be hard to resist
  • #517,576
  • Apr 23, 2020 5:22pm Apr 23, 2020 5:22pm
Quoting trumps
Ever so briefly took out yesterdays high. 4hr showing classic rejection off 1.24 resistance. We are going lower
i think candlesticks are quite often just poker hands, i would not trust them further than i could throw them, i treat them as noise ranges whose only usefulness is pointing out stop and limit areas
  • #517,577
  • Apr 23, 2020 5:36pm Apr 23, 2020 5:36pm
Quoting mkvy
{quote} i think candlesticks are quite often just poker hands, i would not trust them further than i could throw them, i treat them as noise ranges whose only usefulness is pointing out stop and limit areas
Each to their own
Compulsions can be hard to resist
  • #517,578
  • Apr 23, 2020 5:43pm Apr 23, 2020 5:43pm
We would lose less if we just learn to adapt to the market rather than predict the market. We should always remember that we deal in probabilities and the market does what it wants to do.

Stay safe, trade safe.

KP
Do your homework, follow the footprints of smart money
  • #517,579
  • Apr 23, 2020 5:46pm Apr 23, 2020 5:46pm
what i the default timeframe on metatrader! tip
  • #517,580
  • Apr 23, 2020 7:00pm Apr 23, 2020 7:00pm
Had an entry at 1.2389 but closed that for 47pips(3R) to mitigate a loss i took earlier this week. Looking for those sell stops at equal lows to be raided.
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