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Cable Update (GBPUSD)

  • #523,481
  • May 27, 2020 11:54am May 27, 2020 11:54am
Month End re balancing

https://www.forexlive.com/news/!/mon...-citi-20200527
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #523,482
  • May 27, 2020 12:00pm May 27, 2020 12:00pm
Quoting chrisyuto
{quote} Hi Georginson, are you doing research and then getting data like how many pips range for daily, weekly, monthly, how many pips retracement, and the percentage it happens for each? how long data period that you use, because some time pair's range from year to year may change quite a lot, thanks before..
I do a lot of research on weekly, monthly and yearly ranges with their behavioural pattern. Having traded many pairs in the past, I discovered GBPUSD has the most consistent behaviour and range patterns in 10 years till date.
Data + Stat + Risk/Emotions Management
  • #523,483
  • May 27, 2020 12:15pm May 27, 2020 12:15pm
Quoting Beyfor
GBPUSD {image}
GBPUSD
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  • #523,484
  • May 27, 2020 12:17pm May 27, 2020 12:17pm
channel H4 update
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  • #523,485
  • May 27, 2020 12:22pm May 27, 2020 12:22pm
possible M30/M5 combo long for 30 pips.

Buy 2246

against the trend so could very well be wrong.

(H1 R @ 2147 so it needs to break that)
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in wondering about yourself, you forgot what you came here to be part of
  • #523,486
  • May 27, 2020 12:38pm May 27, 2020 12:38pm
I think we still need the 5th mini-wave to the downside. The 50% Fib is the flip area and my bias it is a bull-trap.
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  • #523,487
  • Edited 12:55pm May 27, 2020 12:39pm | Edited 12:55pm
The gu is bearish in all tf beside 5m and 1m and h4
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yes yes yes
  • #523,488
  • May 27, 2020 12:40pm May 27, 2020 12:40pm
Quoting Georginson
{quote} I do a lot of research on weekly, monthly and yearly ranges with their behavioural pattern. Having traded many pairs in the past, I discovered GBPUSD has the most consistent behaviour and range patterns in 10 years till date.
I can only imagine what kind of spreadsheets you may have... this pair does tend to run pretty smooth most of the time...
  • #523,489
  • May 27, 2020 12:53pm May 27, 2020 12:53pm
Quoting knkie
possible M30/M5 combo long for 30 pips. Buy 2246 against the trend so could very well be wrong. (H1 R @ 2247 so it needs to break that) {image}
might be more in it than 30 pips if price makes a nice bottom beyond 2247

im setting the target at 50 pips now just in case it jumps.
in wondering about yourself, you forgot what you came here to be part of
  • #523,490
  • May 27, 2020 1:24pm May 27, 2020 1:24pm
OK fellow Traders,

I would like to show my understanding of what is happening with the market atm.

1. This is how GBPUSD acted along last two days.

Attached Image


2. This is what happened "unexpectedly" yesterday and how it was dealt by the market today.

Attached Image


3. This is the real ("normal and expected") movement along Tuesday and Wednesday.

Attached Image


You can see that I just cropped out the "abnormality" to see where we are heading with the price.
Therefore I am expecting GU to go up.

Anyone can correct me on this, please?
WT
  • #523,491
  • May 27, 2020 1:31pm May 27, 2020 1:31pm
Quoting Bartosz77
OK fellow Traders, I would like to show my understanding of what is happening with the market atm. 1. This is how GBPUSD acted along last two days. {image} 2. This is what happened "unexpectedly" yesterday and how it was dealt by the market today. {image} 3. This is the real ("normal and expected") movement along Tuesday and Wednesday. {image} You can see that I just cropped out the "abnormality" to see where we are heading with the price. Therefore I am expecting GU to go up. Anyone can correct me on this, please?
There are:

- Technical
- Fundamental
- Political analysis.

This means that you shouldn't crop anything. Everything has to be taken into consideration and every type of analysis are affecting the market. If you manage to combine the 3 of them - it will be much easier to analyse the market and make your predictions.
Patience and Discipline.
  • #523,492
  • May 27, 2020 1:33pm May 27, 2020 1:33pm
Attached Image (click to enlarge)
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Need a bounce here
  • #523,493
  • May 27, 2020 1:34pm May 27, 2020 1:34pm
Quoting knkie
possible M30/M5 combo long for 30 pips. Buy 2246 against the trend so could very well be wrong. (H1 R @ 2247 so it needs to break that) {image}
M30/M5 is to get in early.
M30/M15 is confirmation.
Its just setting up now.
M15 break of 2261 would be wonderful
in wondering about yourself, you forgot what you came here to be part of
  • #523,494
  • May 27, 2020 1:35pm May 27, 2020 1:35pm
Quoting thevisitor
channel H4 update {image}
Hey, got a question with regards to 200 EMA trading. I have this plotted on the chart too and what I do is that if the price is above the EMA I only look for BUY opportunities, and vice versa. I was wondering how you trade with the 200 EMA. If you don't mind me me asking?

If anybody else has any put in this that would be really appreciated. Thanks.
  • #523,495
  • May 27, 2020 1:49pm May 27, 2020 1:49pm
Quoting Forex.z1
{quote} Hey, got a question with regards to 200 EMA trading. I have this plotted on the chart too and what I do is that if the price is above the EMA I only look for BUY opportunities, and vice versa. I was wondering how you trade with the 200 EMA. If you don't mind me me asking? If anybody else has any put in this that would be really appreciated. Thanks.
just my 2 cents:
i learned ALOT from this guy:
https://www.forexfactory.com/digger1
follow him. He uses multiple levels and lots of them are MA200's...

After that you can decide what you want to use in your own method of trading and make it your own style.
in wondering about yourself, you forgot what you came here to be part of
  • #523,496
  • May 27, 2020 1:57pm May 27, 2020 1:57pm
Quoting knkie
{quote} M30/M5 is to get in early. M30/M15 is confirmation. Its just setting up now. M15 break of 2261 would be wonderful
adding buy @ 2255
in wondering about yourself, you forgot what you came here to be part of
  • #523,497
  • May 27, 2020 1:58pm May 27, 2020 1:58pm
Quoting Stefan90csk
{quote} There are: - Technical - Fundamental - Political analysis. This means that you shouldn't crop anything. Everything has to be taken into consideration and every type of analysis are affecting the market. If you manage to combine the 3 of them - it will be much easier to analyse the market and make your predictions.
I cropped out the unusual movement just to show, where the "real" position of the price should be.

You are right - everything has to be considered, that is why I wasn't a by-stander through this up-down move, I collected yesterday's buys and today's sells.
At yesterday's peak I opened BUY Limit @ 1.22167 (roughly where the market sky-rocketed on Tuesday) knowing, that we will come back to this place. This transaction has been triggered today @ 17:57, so my prediction reached 24 hours ahead of the market
WT
  • #523,498
  • May 27, 2020 2:07pm May 27, 2020 2:07pm
The same pa daily ok but it was risky fake outs /spikes on all sides today . Take care

All pairs needed the same pa to follow and must fakeouts more and all may true in different times only. The good and most probable in usdx, more bull than bear and hence others more prone to bear and up, zigzag ways just and sometimes unpredictable within predictible ranges though!!
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #523,499
  • May 27, 2020 2:07pm May 27, 2020 2:07pm
Quoting Siame
Downtrend Confirmed. Now that the Bull party is over, I'll be selling. Rest of the week is now for bears. {image}
SELL 1.22473
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  • #523,500
  • May 27, 2020 2:14pm May 27, 2020 2:14pm
Quoting Forex.z1
{quote} Hey, got a question with regards to 200 EMA trading. I have this plotted on the chart too and what I do is that if the price is above the EMA I only look for BUY opportunities, and vice versa. I was wondering how you trade with the 200 EMA. If you don't mind me me asking? If anybody else has any put in this that would be really appreciated. Thanks.
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YouTube . Ask the question and lots to see
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