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Cable Update (GBPUSD)

  • #530,881
  • Jun 25, 2020 1:42am Jun 25, 2020 1:42am
Quoting kuroro001
potential bounce coming ? {image}
sorry for bothering you kuroro001, but can you please help me/us interpret that chart?
A trader is as good as his stop loss. Understand your mistakes.
  • #530,882
  • Jun 25, 2020 1:43am Jun 25, 2020 1:43am
Attached Image (click to enlarge)
Click to Enlarge Name: Annotation 2020-06-25 074321.png Size: 213 KB
  • #530,883
  • Jun 25, 2020 1:44am Jun 25, 2020 1:44am
Quoting sgkrishn
{quote} its happening..
there is support at 2403 anf it breaks, then 2376.

I guess 2403 will hold time being.
Intraday only.
  • #530,884
  • Jun 25, 2020 1:47am Jun 25, 2020 1:47am
Quoting Student21
{quote} sorry for bothering you kuroro001, but can you please help me/us interpret that chart?
You are not bothering mate, feel free to ask anything, anytime

Its something i have made (its not perfect but helps taking decisions)
If you look at it, there are 2 ways to use it. When histogram is very high or very low, it shows there are potential tops/bottom (it can be reversal or retrace, can't tell)
Or you can use it as divergence, whenever price is making new highs (lows) but histogram doesn't, it shows there is a potential for price correction again

Right now, price is showing divergence + low% historgram

Its a h4 chart.
Now you can look at your other indicators, PA, oscillator, and take a decision.....but remember that knowing when to get out is the most important part
COT: The precious data ignored
  • #530,885
  • Jun 25, 2020 1:49am Jun 25, 2020 1:49am
Am seing a big move coming
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200625-084800_MetaTrader 4.jpg Size: 275 KB
99.9% persistence
  • #530,886
  • Jun 25, 2020 1:51am Jun 25, 2020 1:51am
Quoting kuroro001
{quote} You are not bothering mate, feel free to ask anything, anytime Its something i have made (its not perfect but helps taking decisions) If you look at it, there are 2 ways to use it. When histogram is very high or very low, it shows there are potential tops/bottom (it can be reversal or retrace, can't tell) Or you can use it as divergence, whenever price is making new highs (lows) but histogram doesn't, it shows there is a potential for price correction again Right now, price is showing divergence + low% historgram Its a h4 chart. Now you...
Mmm thanks a lot! Really interesting and reminds me to my tries to insert the MACD histogram on the chart itself, MT4 platform. Thank you for the helping attitude! P.S. I'd be pretty happy with a jump up
A trader is as good as his stop loss. Understand your mistakes.
  • #530,887
  • Jun 25, 2020 1:51am Jun 25, 2020 1:51am
Quoting despichtt
{quote} South?
Yep..
  • #530,888
  • Jun 25, 2020 1:53am Jun 25, 2020 1:53am
Sometimes we have to go on the flow.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #530,889
  • Jun 25, 2020 1:54am Jun 25, 2020 1:54am
Quoting MaxiPip
{image}
IG mmmmm, thieves they are! Only like their retail indicator
Life is great!!
  • #530,890
  • Jun 25, 2020 2:00am Jun 25, 2020 2:00am
1Hr into London session and still in the 30pip asian session range as asian lo/1Hr trend line provides the bounce and 30min bullishly engulfs.
Trader with an Edge.
  • #530,891
  • Jun 25, 2020 2:02am Jun 25, 2020 2:02am
Just a stop eater; cheaky little game )
This tripple divergence not gonna fool me. Go up!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 50 KB
Life is great!!
  • #530,892
  • Jun 25, 2020 2:04am Jun 25, 2020 2:04am
Quoting Headland
1Hr into London session and still in the 30pip asian session range as asian lo/1Hr trend line provides the bounce and 30min bullishly engulfs.
Did you say 1 hour into London session? Or do you mean Frankfurt session? London session is just starting
  • #530,893
  • Jun 25, 2020 2:05am Jun 25, 2020 2:05am
Short 2419 SL 2450
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #530,894
  • Jun 25, 2020 2:09am Jun 25, 2020 2:09am
Anyone with market direction at the moment
99.9% persistence
  • #530,895
  • Jun 25, 2020 2:12am Jun 25, 2020 2:12am
Quoting despichtt
{quote} Its diverging from min15 till hourly chart, Im in for a good pop. Bit late at the party. Think good chance to go back to pivot cluster 2460. I will ad some on dip likely GL!
This divergency will either work its way out and pound will roll over and aim for the lows or pop up 40 or so pips. I'm only interested in the short play.
Don't trade what you think. Just what you see!!!
  • #530,896
  • Jun 25, 2020 2:13am Jun 25, 2020 2:13am
09:11 (DE) German Constitutional Court said to reject a separate case against ECB QE bond buying program, - Source TradeTheNews.com

Sold some Dax
Life is great!!
  • #530,897
  • Jun 25, 2020 2:13am Jun 25, 2020 2:13am
Quoting zuluremys
Am seing a big move coming {image}
Up trend or Down?
  • #530,898
  • Jun 25, 2020 2:15am Jun 25, 2020 2:15am
Quoting despichtt
{quote} Its diverging from min15 till hourly chart, Im in for a good pop. Bit late at the party. Think good chance to go back to pivot cluster 2460. I will ad some on dip likely GL!
Also looking look for a reversion to that daily/weekly pivot that would be a perfect entry.
  • #530,899
  • Jun 25, 2020 2:15am Jun 25, 2020 2:15am
Quoting Bydyke
{quote} Did you say 1 hour into London session? Or do you mean Frankfurt session? London session is just starting
London equities open at 0800am London time but forex is a good hour earlier from circa 0630am London.... although most 'money flow' across all asset classes and cross-asset class money flow occurs when equities are trading as well. I always used to get to my desk at 0600am when I worked for an institution....trade my own account now and have done for 17years.
Trader with an Edge.
  • #530,900
  • Jun 25, 2020 2:16am Jun 25, 2020 2:16am
FTSE down 1.5% on the day already.
Focus.
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