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Cable Update (GBPUSD)

  • #528,301
  • Jun 16, 2020 5:53am Jun 16, 2020 5:53am
If traders are patient with GBPUSD they will be rewarded big time.
Attached Image
Le$$ I$ More
  • #528,302
  • Jun 16, 2020 5:54am Jun 16, 2020 5:54am
GBPUSD is struggling with the 200ema on the daily chart. If it closes above then we go long. If it can't, then we're down. So watch out for New York close tonight. Check out the chart here https://www.mql5.com/en/charts/12095...staforex-group
  • #528,303
  • Jun 16, 2020 5:58am Jun 16, 2020 5:58am
Rotational atm in line with skews
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #528,304
  • Jun 16, 2020 6:00am Jun 16, 2020 6:00am
Quoting Roszey
If traders are patient with GBPUSD they will be rewarded big time. {image}
It depends on the direction of the patience.
Data + Stat + Risk/Emotions Management
  • #528,305
  • Jun 16, 2020 6:02am Jun 16, 2020 6:02am
A good watch for some history on Sterling, "Black Wednesday".

https://www.forexfactory.com/showthr...7#post13006737
Focus.
  • #528,306
  • Jun 16, 2020 6:06am Jun 16, 2020 6:06am
Quoting Georginson
{quote} It depends on the direction of the patience.
Hahahaha... funny reply. Lol...
  • #528,307
  • Jun 16, 2020 6:06am Jun 16, 2020 6:06am
H1 has closed bearish but M5 and M15 closed bullish. Textbook takes sides with the higher TF but will GU accept?
  • #528,308
  • Jun 16, 2020 6:08am Jun 16, 2020 6:08am
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 06-16-2020 14.07.47_1.jpg Size: 112 KB
yes yes yes
  • #528,309
  • Jun 16, 2020 6:16am Jun 16, 2020 6:16am
Quoting Moty
Engulfing bearish candle at the h4 and h1 chart The drop is coming {image} {image}
Hi Moty!! Can i ask wich is your broker? I dont have engulfing 4h candle Thank you!!
Attached Image (click to enlarge)
Click to Enlarge Name: InkedRoboForex - MetaTrader 4_LI.jpg Size: 2.0 MB
Time is your friend; impulse is your enemy! - John Bogle
  • #528,310
  • Jun 16, 2020 6:17am Jun 16, 2020 6:17am
Quoting Mitiblotch
{quote} Hahahaha... funny reply. Lol...
Being patient in the wrong direction will still not yield result... So be patient being in the right direction... Short for me
Data + Stat + Risk/Emotions Management
  • #528,311
  • Jun 16, 2020 6:19am Jun 16, 2020 6:19am
Quoting Moty
{image}
Forming HS on the 5min. Bloody GU. Let's see if we can get 2590-2600 area.
  • #528,312
  • Jun 16, 2020 6:21am Jun 16, 2020 6:21am
keep those charts coming Mr. Moty...best luck to you, and us all
  • #528,313
  • Jun 16, 2020 6:21am Jun 16, 2020 6:21am
Quoting Viki84
{quote} Hi Moty!! Can i ask wich is your broker? I dont have engulfing 4h candle Thank you!! {image}
Exactly mine too did not close bearish.. this shows how messed up our brokers are.
Le$$ I$ More
  • #528,314
  • Jun 16, 2020 6:21am Jun 16, 2020 6:21am
Quoting Georginson
{quote} Being patient in the wrong direction will still not yield result... So be patient being in the right direction... Short for me
Correct. I cannot even imagine buying here. If I wanted to try it should be 2550 which also coincides with the daily pivot and that would just be a scalp with tight SL.
  • #528,315
  • Jun 16, 2020 6:22am Jun 16, 2020 6:22am
Quoting Moty
Engulfing bearish candle at the h4 and h1 chart The drop is coming {image} {image}
which broker do you use?
Le$$ I$ More
  • #528,316
  • Jun 16, 2020 6:24am Jun 16, 2020 6:24am
Quoting Roszey
{quote} Exactly mine too did not close bearish.. this show messed up our broker.
So which one is good? Im a little bit comfused here
Time is your friend; impulse is your enemy! - John Bogle
  • #528,317
  • Jun 16, 2020 6:29am Jun 16, 2020 6:29am
Short 26495
TP : 25460

pending
Buy 25460
TP : 27451
  • #528,318
  • Jun 16, 2020 6:30am Jun 16, 2020 6:30am
Quoting Viki84
{quote} So which one is good? Im a little bit comfused here
It's differences in server times. Depending on what your broker marks as the start/end of the day. It's most commonly that a day is 10pm-10pm (GMT - my time zone anyway). If your broker considers a day to be 12pm-12pm then your 4h candles would be 2hours out.

Hope this makes sense.

*edit - most common close of day is 1h after NY close. That might make it easier to judge.
Focus.
  • #528,319
  • Jun 16, 2020 6:31am Jun 16, 2020 6:31am
Could you tell us why you are confused? Some of us on this thread may help you figure it out?

KP

Quoting Viki84
{quote} So which one is good? Im a little bit comfused here
Do your homework, follow the footprints of smart money
  • #528,320
  • Jun 16, 2020 6:33am Jun 16, 2020 6:33am
Quoting Viki84
{quote} So which one is good? Im a little bit comfused here
All brokers are the same. No broker is best. my only tip is to choose a broker which is regulated in countries like.UK, USA, and Australia. Most brokers B-Book the traders.
Le$$ I$ More
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