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Cable Update (GBPUSD)

  • #529,361
  • Jun 19, 2020 5:45am Jun 19, 2020 5:45am
Maybe my chart is wrong...but i see something bullish here. Tell me if im wrong
Attached Image (click to enlarge)
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Time is your friend; impulse is your enemy! - John Bogle
  • #529,362
  • Edited 6:02am Jun 19, 2020 5:46am | Edited 6:02am
Quoting kuroro001
{quote} What are those daily/weekly/monthly lines?
The Average of every candle that related with....
1. 120sma for MN
2. 30sma for W1
3. 6sma for D1
All calculated using H4 chart.
Learn... Work Hard... Trade Alone
  • #529,363
  • Jun 19, 2020 5:47am Jun 19, 2020 5:47am
Quoting BiteFX
{quote} The Average of every candle that related with.... 1. 120sma for M1 2. 30sma for W1 3. 6sma for D1 All calculated using H4 chart.
Very interesting

Thanks
COT: The precious data ignored
  • #529,364
  • Jun 19, 2020 5:48am Jun 19, 2020 5:48am
Quoting Viki84
Maybe my chart is wrong...but i see something bullish here. Tell me if im wrong {image}
You are wrong. It's very bearish. We may need to test this, though. Not worth a trade in my opinion, only to add shorts.

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Click to Enlarge Name: GbpUsd200619m15.png Size: 29 KB
Gone to a better place
  • #529,365
  • Jun 19, 2020 5:48am Jun 19, 2020 5:48am
Quoting Viki84
Maybe my chart is wrong...but i see something bullish here. Tell me if im wrong {image}
I would be carefull though taking clues from previous days and like to see some conformation by some strong candle

Life is great!!
  • #529,366
  • Jun 19, 2020 5:50am Jun 19, 2020 5:50am
Quoting despichtt
{quote} You become real buddies one day ) Oh dear, Im so glad I left that horrible investing.com forum..
I sometimes have investing.com charts up but don't use the forums, but now I use tradingview and best hands down
How come forums so bad there?
Don't Leave Money on the Table
  • #529,367
  • Jun 19, 2020 5:52am Jun 19, 2020 5:52am
Quoting despichtt
{quote} You become real buddies one day ) Oh dear, Im so glad I left that horrible investing.com forum..
Me too
Don't trade what you think. Just what you see!!!
  • #529,368
  • Jun 19, 2020 5:52am Jun 19, 2020 5:52am
Quoting Georginson
Better sell positions at 1.2585/1.2630... Target 1.2410 and 1.2360 if 1.2600 isn't broken. Cheers!
Here you have it...
Data + Stat + Risk/Emotions Management
  • #529,369
  • Jun 19, 2020 5:52am Jun 19, 2020 5:52am
Quoting Viki84
Maybe my chart is wrong...but i see something bullish here. Tell me if im wrong {image}
You're creating a trend line between two points only, the latter of which is still in play and dynamic. There are plenty of other trend lines that you could draw across the patterns that use two or more historic static points. Rgds, Angus
  • #529,370
  • Jun 19, 2020 5:53am Jun 19, 2020 5:53am
Quoting Viki84
Maybe my chart is wrong...but i see something bullish here. Tell me if im wrong {image}
there is no bullish divergence yet as the candle hasn't closed on that 1hr t/f - and in any event if using that t/f as a trigger for entry you would be best to await a bullish candle close to confirm the divergence or not.....also divergence per say is lower in probability of a successful trade based on it alone unless you find area on the chart (in this 1hr case it would be best on the 4hr/daily) where there may be an imbalance of demand over supply if price tests it.. In the case of regular bullish divergence or indeed in the case of a hidden divergence on a t/f lower than a potential support turned resistance may reside on.
Trader with an Edge.
  • #529,371
  • Jun 19, 2020 5:53am Jun 19, 2020 5:53am
Quoting kuroro001
{quote} Very interesting Thanks
My pleasure
Learn... Work Hard... Trade Alone
  • #529,372
  • Jun 19, 2020 5:55am Jun 19, 2020 5:55am
Quoting Georginson
{quote} 660 pips move already from low, can do 720 pips move being a target at 1.2790 area before 800 pips gradual crash. Classic example is June 2013.
Here you have it on the further decline
Data + Stat + Risk/Emotions Management
  • #529,373
  • Jun 19, 2020 5:57am Jun 19, 2020 5:57am
Quoting Georginson
{quote} The crash is easier than rise comment is in the context of this current rate at 1.2770. I have looked carefully into price behavior of this scenario and came out with these observations : * month of June usually have ranges between 400 - 500 pips and the current range is 454 pips (meaning up movement is now very likely limited. * Year 2013 had 1500 pips decline from opening price and picked a strong reversal up at a point in time in month of June with range 530 pips and crash was what followed back to the opening price (2020 also has 1800...
The reality still targets 1.2310 this June
Data + Stat + Risk/Emotions Management
  • #529,374
  • Jun 19, 2020 5:57am Jun 19, 2020 5:57am
Quoting Viki84
Maybe my chart is wrong...but i see something bullish here. Tell me if im wrong {image}
In Divergency Trading, you are trying to pick the bottom or tops. It is dangerous in strong trending markets!!!!
Don't trade what you think. Just what you see!!!
  • #529,375
  • Jun 19, 2020 5:58am Jun 19, 2020 5:58am
Quoting kuroro001
{quote} Yes mate, but on the very long run, its being bought on dips. We just don't know when and where they'll have enough longs to satisfy their needs We'll see tonight what happened
well i can tell you when to buy. When time comes i will alert.
Cheers
Le$$ I$ More
  • #529,376
  • Jun 19, 2020 5:58am Jun 19, 2020 5:58am
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still going
  • #529,377
  • Jun 19, 2020 6:00am Jun 19, 2020 6:00am
Quoting Viki84
Maybe my chart is wrong...but i see something bullish here. Tell me if im wrong {image}
I'm not as sure as I sound. You need to plough your own furrow. It's Friday (lots of big trades close today) and New York opens soon. They are a bunch of cowboys. Anything could happen.
Gone to a better place
  • #529,378
  • Jun 19, 2020 6:02am Jun 19, 2020 6:02am
Quoting HaLBot
{quote} I sometimes have investing.com charts up but don't use the forums, but now I use tradingview and best hands down How come forums so bad there?
Im using for quick look portfolio only; also still stalking bit now and than. Forword link to this forum for the iodiots now ) Theyre also fast delivering the macros always btw; its real krep at my newsserver(TTN)
Life is great!!
  • #529,379
  • Jun 19, 2020 6:06am Jun 19, 2020 6:06am
Quoting harold1
{quote} sorry moty
i was already with little amount in the account so i don't lost much.
the big lose was yesterday
yes yes yes
  • #529,380
  • Jun 19, 2020 6:07am Jun 19, 2020 6:07am
Quoting smikester
{quote} I'm not as sure as I sound. You need to plough your own furrow. It's Friday (lots of big trades close today) and New York opens soon. They are a bunch of cowboys. Anything could happen.
Lets hope them cowboys don't jump on any bulls!!

Yeehaw!!!!
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Don't trade what you think. Just what you see!!!
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