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Cable Update (GBPUSD)

  • #518,781
  • May 4, 2020 6:22am May 4, 2020 6:22am
Closed with +28 points 5 hrs ago and am done for the day. Trade safe and stay safe fellow Traders

In need of consecutive candle indicator with an alert, is there any consecutive candle indicator with an alert that shows when there is 3 same candle ( bull or bear)
who can help?
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #518,782
  • May 4, 2020 6:34am May 4, 2020 6:34am
I'm watching confluence of S, fib 0.61, TL, and round number @ 1.24. Let's see if bears can break it.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 5 4 2020.PNG Size: 75 KB
  • #518,783
  • May 4, 2020 6:34am May 4, 2020 6:34am
Once you get your technical analysis right, particularly using a top-down approach, you are likely to find much success trading on a serene day like today.

Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #518,784
  • May 4, 2020 6:34am May 4, 2020 6:34am
Slow start to Monday can only mean a volatile Tuesday/Wednesday. Expected weekly range between 220 - 300 pips. Last two weeks candles have seen a dominant one sided victory with retracement at the latter days of the week.
Data + Stat + Risk/Emotions Management
  • #518,785
  • May 4, 2020 6:34am May 4, 2020 6:34am
Quoting Coreg2004
{quote} navk, you need a lot of help from NY boys...but anything is possible. {image}
took some long trades at 2407.

trailing stop 2416

However i have some long trades between 2480 and 2500
Intraday only.
  • #518,786
  • May 4, 2020 7:08am May 4, 2020 7:08am
what a mess day .
  • #518,787
  • May 4, 2020 7:09am May 4, 2020 7:09am
its kinda tiring shuffling from H4, H1, M30, M15.
nevertheless, made some greens! hurray! gold esp!
Trading is like fishing. Be patient and enjoy the fight.
  • #518,788
  • May 4, 2020 7:30am May 4, 2020 7:30am
Hello everyone. First time posting.

I'm short on GU. I don't think it'll go long without a stop hunt to the downside.

H4
Attached Image (click to enlarge)
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  • #518,789
  • May 4, 2020 7:44am May 4, 2020 7:44am
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 05-04-2020 17.43.36_1.jpg Size: 104 KB
yes yes yes
  • #518,790
  • May 4, 2020 7:51am May 4, 2020 7:51am
Strong support at there, time to rise..
Attached Image (click to enlarge)
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  • #518,791
  • May 4, 2020 7:51am May 4, 2020 7:51am
Quoting Moty
{image}
What does that mean to the trade?
Up? Where to?
Down? Where to?
When?
WT
  • #518,792
  • May 4, 2020 7:52am May 4, 2020 7:52am
Quoting shahab8b
I'm watching confluence of S, fib 0.61, TL, and round number @ 1.24. Let's see if bears can break it. {image}
shahab8b, add 1.2398 max for end of C or W_5 so it's strong confluence around 1.24 but daily ATR(14) is 151 pips plus and Tuesday (potential reversal) is tomorrow
Attached Image (click to enlarge)
Click to Enlarge Name: GU5.04.30M.b.png Size: 106 KB
Always trade your own plan...I don't provide trading signals.
  • #518,793
  • May 4, 2020 8:03am May 4, 2020 8:03am
Quoting navk
{quote} took some long trades at 2407. trailing stop 2416 However i have some long trades between 2480 and 2500
maybe go for 1.2461(AB=CD) with the present long if SL not hit. It would be a nice chunk of change. Navk, notice ending diagonal formation from 3 to 7 am, it's either end of W_5_3 or W_5_5, drop for today might be near if not in place already.
Always trade your own plan...I don't provide trading signals.
  • #518,794
  • May 4, 2020 8:12am May 4, 2020 8:12am
Not much really happened this afternoon until now time to move
  • #518,795
  • May 4, 2020 8:41am May 4, 2020 8:41am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #518,796
  • May 4, 2020 8:43am May 4, 2020 8:43am
Quoting Moty
{image}{image}{image}
http://www.tradingfives.com/articles...wave-guide.htm
  • #518,797
  • May 4, 2020 8:48am May 4, 2020 8:48am
The GBP/USD pair is trading at 1.2420(MA150 4H and MA250 1H). This level breaching is a signal for bearish with targets at 1.2360(MA250 4H) and 1.2320(0.5Fib). The bullish signal point is 1.2460(MA150 1H) with targets at 1.2490(MA25 4H) and 1.2535(0.618Fib).
Attached Image (click to enlarge)
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#Anthonywins
  • #518,798
  • May 4, 2020 9:08am May 4, 2020 9:08am
Quoting Moty
{image}{image}{image}
1.2518 no way today.

And tomorrow, pivot will be much lower.
Intraday only.
  • #518,799
  • May 4, 2020 9:11am May 4, 2020 9:11am
Attached Image (click to enlarge)
Click to Enlarge Name: 970B01B1-6A7A-4BD6-864E-7FCCDC17789A.png Size: 349 KB
Quoting navk
{quote} 1.2518 no way today. And tomorrow, pivot will be much lower.
2426 short 6 pip stop
  • #518,800
  • May 4, 2020 9:27am May 4, 2020 9:27am
Quoting elbert3
{image}{quote} 2426 short 6 pip stop
Out not moving it
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