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Cable Update (GBPUSD)

  • #522,341
  • May 22, 2020 3:34am May 22, 2020 3:34am
Quoting pipfarm
{quote} You could be right but i will wait for a break down of 1.22214 for shorts which would be a 4 hour reversal, did not see anything across all timeframes that i would trade, having said that there has been some cracking trades on other pairs

Technical analysis is defined as the art of identifying trend changes at an early stage and to maintain an investment or trading posture until the weight of the evidence indicates that the trend has reversed.

Still with my short trend change from 1.22214 , not moving as fast as i would like but bear in mind its a 4 hour chart trade.
Follow The Markets Structure - Patience and Discipline
  • #522,342
  • May 22, 2020 3:34am May 22, 2020 3:34am
Quoting navk
{quote} some 5 to 7 milli sec maximum
great,can you able to share it ?or its private issue
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #522,343
  • May 22, 2020 3:35am May 22, 2020 3:35am
Quoting msniper
{quote} valid scenario I like the idea
Thanks for digging it out mate.
Data + Stat + Risk/Emotions Management
  • #522,344
  • May 22, 2020 3:36am May 22, 2020 3:36am
Quoting Almo2312
{quote} great,can you able to share it ?or its private issue
https://www.forexfactory.com/showthr...8#post12935168
Intraday only.
  • #522,345
  • May 22, 2020 3:36am May 22, 2020 3:36am
Quoting pipfarm
{quote} Technical analysis is defined as the art of identifying trend changes at an early stage and to maintain an investment or trading posture until the weight of the evidence indicates that the trend has reversed. Still with my short trend change from 1.22214 , not moving as fast as i would like but bear in mind its a 4 hour chart trade.
Good. I hope it can cross that 61.8% fib area today. On my chart it sits at 2159. Closed all my shorts. Will reload.
  • #522,346
  • May 22, 2020 3:40am May 22, 2020 3:40am
Quoting Moty
I wouldn't be surprised if we get back to the opening line of the week today. This week opens with a super-aggressive bulls run , which managed to confuse me and others i believe , the crooked pattern of the head and shoulders in the daily graph is also misleading. Friday is a day that if it starts strong in a certain direction, then it goes on and on and ends strong, so do not try to catch a correction or reversal, because it will not and if it will , it will be very small and will probably complicate you. sell in May and עם to the...
Try and hold a small short for the next few days, once it's on +1
Gone to a better place
  • #522,347
  • May 22, 2020 3:43am May 22, 2020 3:43am
Quoting navk
{quote} https://www.forexfactory.com/showthr...8#post12935168
Thanks buddy
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #522,348
  • May 22, 2020 3:46am May 22, 2020 3:46am
hi

all the midpoints are in sell mode:
Month, Week, Day.
Yesterday the conflicted and now they have lined up.
And if you are into indicators: ema200 M15 is short as well.

Im on M1 and this really should fall now.
SELL 2177
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in wondering about yourself, you forgot what you came here to be part of
  • #522,349
  • May 22, 2020 3:53am May 22, 2020 3:53am
Quoting Almo2312
my hr4 chart will close candle one hour from now,i want to see it close below the 1.2180 lets see trade safe
ok..10 min left defo out of the level huge bearish
last time its turn from green to red with macd as supported it made about 200 pips (also it made some small retrace before )

i expect at least 100 to 200 pips more down
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trade safe folks

Quoting Almo2312
{quote} ok..10 min left defo out of the level huge bearish last time its turn from green to red with macd as supported it made about 200 pips (also it made some small retrace before ) i expect at least 100 to 200 pips more down{image} trade safe folks
so according to this theory i will look profits from 1.2075 to 1.1980(and again retraces maybee will be its part of the theory but major for me is down)
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #522,350
  • May 22, 2020 4:06am May 22, 2020 4:06am
Waiting for a little rise to consider sells again. I believe that 61.8% fib retracement (2159) may be locked for now till N.Y.. wait for the rise before anymore sells.
  • #522,351
  • May 22, 2020 4:09am May 22, 2020 4:09am
GU target cup & handle to below 1.2080 with SL 1.2255
Attached Image
  • #522,352
  • May 22, 2020 4:17am May 22, 2020 4:17am
Timberrrrr!
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yes yes yes
  • #522,353
  • May 22, 2020 4:18am May 22, 2020 4:18am
Quoting navk
it should retrace towards 2195/ 2200 before another leg down in NY. London open over.
No 5 min cross over yet !
  • #522,354
  • May 22, 2020 4:20am May 22, 2020 4:20am
Quoting Almo2312
{quote} ok..10 min left defo out of the level huge bearish last time its turn from green to red with macd as supported it made about 200 pips (also it made some small retrace before ) i expect at least 100 to 200 pips more down{image} trade safe folks {quote} so according to this theory i will look profits from 1.2075 to 1.1980(and again retraces maybee will be its part of the theory but major for me is down)
i just closed some longs.

22 trades.

It took 7 seconds for the EA to close all trades.

see the report.
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Intraday only.
  • #522,355
  • May 22, 2020 4:21am May 22, 2020 4:21am
Quoting elbert3
{quote} No 5 min cross over yet !
it will not cross over, I think.

My long trades based on hourly and 4hr candle support for some.
Intraday only.
  • #522,356
  • May 22, 2020 4:23am May 22, 2020 4:23am
Yarrr again!
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  • #522,357
  • May 22, 2020 4:24am May 22, 2020 4:24am
Quoting knkie
hi all the midpoints are in sell mode: Month, Week, Day. Yesterday the conflicted and now they have lined up. And if you are into indicators: ema200 M15 is short as well. Im on M1 and this really should fall now. SELL 2177 {image}
exit with some pips
either too soon or something has changed
in wondering about yourself, you forgot what you came here to be part of
  • #522,358
  • May 22, 2020 4:25am May 22, 2020 4:25am
Quoting navk
{quote} i just closed some longs. 22 trades. It took 7 seconds for the EA to close all trades. see the report. {image}
Also closed mine at 2180 for some pips. Took it due to the fib supoort plus W pattern on the 5mins chart. No risk again till N.Y.. Weekend I will work on my scalp technique to pull more from this pair during Asia, like you. Need to add some fibs and ranges.
  • #522,359
  • May 22, 2020 4:25am May 22, 2020 4:25am
Quoting navk
{quote} i just closed some longs. 22 trades. It took 7 seconds for the EA to close all trades. see the report. {image}
Well done ,thanks buddy i will check it .
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #522,360
  • May 22, 2020 4:25am May 22, 2020 4:25am
Quoting elbert3
{quote} No 5 min cross over yet !
2208/10 is the limit sell.
Intraday only.
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