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Cable Update (GBPUSD)

  • #518,281
  • Apr 30, 2020 1:11am Apr 30, 2020 1:11am
M5
SellStop @ 1.2461
PA Trading with EMAs & common Sense
  • #518,282
  • Apr 30, 2020 1:13am Apr 30, 2020 1:13am
Quoting de5151
I'm hoping this head and shoulders is still in play and that we will be going down from here. {image}
You have marked good points on your graph.
But...
.. but you wrote "I'm hoping"...

There is a way not to have hope but to be almost certain about the direction. I can give you a clue that the head and shoulders pattern has it's origin somewhere else on the graph (earlier than your screenshot shows).
WT
  • #518,283
  • Apr 30, 2020 1:17am Apr 30, 2020 1:17am
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PA Trading with EMAs & common Sense
  • #518,284
  • Apr 30, 2020 1:20am Apr 30, 2020 1:20am
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PA Trading with EMAs & common Sense
  • #518,285
  • Apr 30, 2020 1:38am Apr 30, 2020 1:38am
go on then

Quoting Bartosz77
{quote} You have marked good points on your graph. But... .. but you wrote "I'm hoping"... There is a way not to have hope but to be almost certain about the direction. I can give you a clue that the head and shoulders pattern has it's origin somewhere else on the graph (earlier than your screenshot shows).
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #518,286
  • Apr 30, 2020 1:42am Apr 30, 2020 1:42am
2480 breaks, some 20 to 25 pips.... then retrace back,,, then go up.

wait guys

However, I made my money in the range market.

But all in longs.


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Intraday only.
  • #518,287
  • Apr 30, 2020 1:42am Apr 30, 2020 1:42am
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yes yes yes
  • #518,288
  • Apr 30, 2020 1:48am Apr 30, 2020 1:48am
Quoting navk
2480 breaks, some 20 to 25 pips.... then retrace back,,, then go up. wait guys However, I made my money in the range market. But all in longs. {image}
Range market is good until the price goes in range and is not good when the price goes in trend .The most important thing is to know when the price wants to change................................and nobody of poors people knows it
antimartingale is the best
  • #518,289
  • Apr 30, 2020 1:55am Apr 30, 2020 1:55am
Quoting Bones
go on then {quote}
Few steps needed.

1. Set your graph to Monthly time frame.
2. On that TF draw Fib starting from top of December 2019 to bottom of March 2020. (Let's say this is the MAJOR Fib)
3. Set graph to H4.
4. Draw Fib starting from bottom of 2020.04.07 to top of 2020.04.14 (This will be the MINOR Fib)

Now... look at how market acts around a very specific area.

There are two lines - 50% of MAJOR and 38.2% of MINOR almost at the same position. You can see how many times the market has gone over two of them - went back - gone below - went back up - and so on, and so on...

I got over 20 transactions in profit basing just on these two lines.

Enjoy your profits
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WT
  • #518,290
  • Edited 2:18am Apr 30, 2020 2:06am | Edited 2:18am
GD all

This is screaming at me....2500, 2500, 2500 but hard to break through

Bought @ 2476, TP 2504...

Rose to 1/10 of a pip less than 5 hours ago....LOL, maybe sellers are pushing hard to defend this area
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Don't Leave Money on the Table
  • #518,291
  • Apr 30, 2020 2:18am Apr 30, 2020 2:18am
Quoting HaLBot
GD all This is screaming at me....2500, 2500, 2500 but hard to break through Bought @ 2476, TP 2504... {image}
same here brother. Not in any buys but like I’ve said the past two days think 125 is in sight. After yesterday’s great day I don’t know either to trade..
  • #518,292
  • Apr 30, 2020 2:19am Apr 30, 2020 2:19am
Quoting navk
2480 breaks, some 20 to 25 pips.... then retrace back,,, then go up. wait guys However, I made my money in the range market. But all in longs. {image}
same here g, best of luck
  • #518,293
  • Apr 30, 2020 2:23am Apr 30, 2020 2:23am
Quoting joesherwood
{quote} same here brother. Not in any buys but like I’ve said the past two days think 125 is in sight. After yesterday’s great day I don’t know either to trade..
It'll pop when you least expect..
Don't Leave Money on the Table
  • #518,294
  • Apr 30, 2020 2:24am Apr 30, 2020 2:24am
ok ,I'm not seeing the connection to a look a like head and shoulder pattern=actually its just consolidating...
Its almost horizontal, not sure where your fib is since you made a micro copy of your chart.
But if you look it hasn't gone far from the open either ways, sounds like a monthly candle pattern to me
Tick Tock, times running out to change it.
Yea this is pivotal space right here.
Quoting Bartosz77
{quote} Few steps needed. 1. Set your graph to Monthly time frame. 2. On that TF draw Fib starting from top of December 2019 to bottom of March 2020. (Let's say this is the MAJOR Fib) 3. Set graph to H4. 4. Draw Fib starting from bottom of 2020.04.07 to top of 2020.04.14 (This will be the MINOR Fib) Now... look at how market acts around a very specific area. There are two lines - 50% of MAJOR and 38.2% of MINOR almost at the same position. You can see how many times the market has gone over two of them - went back - gone below - went back up - and...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #518,295
  • Apr 30, 2020 2:25am Apr 30, 2020 2:25am
Quoting HaLBot
{quote} It'll pop when you least expect..

fuck it just scalped 6 pips from 850 hahaha
  • #518,296
  • Apr 30, 2020 2:26am Apr 30, 2020 2:26am
Quoting joesherwood
{quote} fuck it just scalped 6 pips from 850 hahaha
I'm sending you a bill for my cut...
Don't Leave Money on the Table
  • #518,297
  • Apr 30, 2020 2:27am Apr 30, 2020 2:27am
Will continue to watch the charts throughout the day but I’m not in need for ££ so if I do trade will be with smaller lots and smaller risk. Will keep updating
  • #518,298
  • Apr 30, 2020 2:28am Apr 30, 2020 2:28am
Quoting tehnoob
You guys are scaring me now with all those down-pointing lines! I am still long lol
don’t be scared mate, trust your analysis. If worst comes to the worst we review and carry on, as long as risk is managed it’s nothing you can’t comeback from. Where’s your entry?
  • #518,299
  • Apr 30, 2020 2:34am Apr 30, 2020 2:34am
Quoting joesherwood
{quote} don’t be scared mate, trust your analysis. If worst comes to the worst we review and carry on, as long as risk is managed it’s nothing you can’t comeback from. Where’s your entry?
You're right. I'm long since 1.2395 yesterday. I'm still a noob so my posts take an hour or more to be reviewed before posted lol, but I read all that you guys write, even though sometimes I don't understand the charts and terms used. Now it seems to have broken out upwards
  • #518,300
  • Apr 30, 2020 2:38am Apr 30, 2020 2:38am
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yes yes yes
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