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Cable Update (GBPUSD)

  • #523,061
  • May 26, 2020 11:08am May 26, 2020 11:08am
Quoting Georginson
{quote} You don't need to be starring at the screen.
true
Quoting Georginson
{quote}4 hours RSI at 77 which is extremely overbought and often retraces by 140 - 400 pips
I have found that overbought and oversold signals on RSI aren't helpful. RSI is really only good for one thing in my opinion. Finding divergence.
Quoting Georginson
{quote}weekly range already 200 pips being 80% of weekly capacity.
AWR doesn't help much either. Though ADR is good for measuring the distance of a stop loss.
Quoting Georginson
{quote}In addition it is Tuesday so price can retrace between Wednesday and Thursday.
I would like to see that happen.
Learn from your mistakes and march on.
  • #523,062
  • May 26, 2020 11:10am May 26, 2020 11:10am
Quoting morfes2
https://youtu.be/UnOg5edj8IQ

Inserted Video
  • #523,063
  • May 26, 2020 11:10am May 26, 2020 11:10am
Quoting navk
2317 to 2285 it shows.
it shows 1.2380
  • #523,064
  • May 26, 2020 11:12am May 26, 2020 11:12am
Quoting SangamAgarwa
{quote} How to get promotion from junior member to senior. Full membership
Aww, SangamAgarwa, you just have to be a member for some time and contribute regularly, as far as I know. Then, you might get a red diamond next to your name. It has no meaning whatsoever. It certainly doesn't mean we are good traders. More like good chatterboxes.
Gone to a better place
  • #523,065
  • May 26, 2020 11:21am May 26, 2020 11:21am
Hi everone! Im new to forex, is it good to sell when price hits 1.2312?
  • #523,066
  • May 26, 2020 11:23am May 26, 2020 11:23am
Quoting thevisitor
{quote} it shows 1.2380
yeah, it should not drop more than 2285.

But today you failed in your 2380.

Intraday only.
  • #523,067
  • May 26, 2020 11:24am May 26, 2020 11:24am
Quoting smikester
{quote} Aww, SangamAgarwa, you just have to be a member for some time and contribute regularly, as far as I know. Then, you might get a red diamond next to your name. It has no meaning whatsoever. It certainly doesn't mean we are good traders. More like good chatterboxes.
More than that is to get subscribers meaning you are giving out meaningful content (it could be stupid content anyway. Lol...). But there are those who have contributed for almost 10 years and don't have a red diamond, or any diamond for that matter. It simply means no senior memmbers were subscribing to them, which in turn means that their contributions were not helpful.

In all, the red diamond has no bearing whatsoever to the trajectory of people's account.
  • #523,068
  • May 26, 2020 11:30am May 26, 2020 11:30am
Quoting navk
{quote} yeah, it should not drop more than 2285. But today you failed in your 2380.
not over yet
  • #523,069
  • May 26, 2020 11:55am May 26, 2020 11:55am
Quoting thevisitor
{quote} not over yet
who said ? It is all over . Last 4 hr candle now to start

I am in the Money.

Intraday only.
  • #523,070
  • May 26, 2020 11:59am May 26, 2020 11:59am
My puffer fish has exited the long from Friday for now. About 165 pips higher than when the feeding began.

It needs to digest. It is now hunting on the EUR grounds, but it will return!!
  • #523,071
  • May 26, 2020 12:06pm May 26, 2020 12:06pm
Quoting Georginson
{quote} You don't need to be starring at the screen. 4 hours RSI at 77 which is extremely overbought and often retraces by 140 - 400 pips, weekly range already 200 pips being 80% of weekly capacity. In addition it is Tuesday so price can retrace between Wednesday and Thursday.
Hoy Georginson, couldn't PM due to my 'junior' membership status but could you please point me to a resource explaining range trading? I think the basic idea is clear, but how do you know if price would retrace down, instead of rest sideways, or maybe fulfill the range up? Appreciated and good trading to All!
A trader is as good as his stop loss. Understand your mistakes.
  • #523,072
  • May 26, 2020 12:14pm May 26, 2020 12:14pm
Quoting navk
{quote} who said ? It is all over . Last 4 hr candle now to start I am in the Money.
.60 or .80

for me i am calling it a day
  • #523,073
  • May 26, 2020 12:16pm May 26, 2020 12:16pm
Quoting thevisitor
{quote} .60 or .80 for me i am calling it a day
I am in the money.

600000.60


Intraday only.
  • #523,074
  • May 26, 2020 12:17pm May 26, 2020 12:17pm
Quoting navk
{quote} I am in the money. 600000.60
  • #523,075
  • May 26, 2020 12:19pm May 26, 2020 12:19pm
Quoting thevisitor
{quote} .60 or .80 for me i am calling it a day
  • #523,076
  • May 26, 2020 12:22pm May 26, 2020 12:22pm
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mmm
  • #523,077
  • May 26, 2020 12:35pm May 26, 2020 12:35pm
usdx correction up may about to start, waiting see
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #523,078
  • May 26, 2020 12:38pm May 26, 2020 12:38pm
i have patient
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yes yes yes
  • #523,079
  • May 26, 2020 12:43pm May 26, 2020 12:43pm
5 days without looking at coins and still in consolidation ... congratulations to those who achieved their goals in that small space and time.
  • #523,080
  • May 26, 2020 1:08pm May 26, 2020 1:08pm
Added long here 2324 targets 2400 stop 6 pips
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