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Cable Update (GBPUSD)

  • #531,161
  • Jun 25, 2020 3:41pm Jun 25, 2020 3:41pm
Quoting Theoak
{quote} Does price move to the MA or does MA move to price?
From my observations,
both.
Price moving to a moving average primarily observed when the market retraces back to a key MA such as 200ema etc, then reacting to it.
Compulsions can be hard to resist
  • #531,162
  • Edited 4:29pm Jun 25, 2020 4:07pm | Edited 4:29pm
I had beautifull trade earlier; got out early but should have wait to TP on 200 DMA it(green one); Spx

Already TP some after I sealed the other halve; just took profit after the 3th candle; Im inpacient often when I allready see good coins )

Good night!!
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Life is great!!
  • #531,163
  • Jun 25, 2020 4:20pm Jun 25, 2020 4:20pm
Lovely piece. Kindly share what indicators these are please?
Quoting joesherwood
If you have the right Indicators configured correctly, you can detect (see) where the "banks" are attempting to take the market - but you can much better see this when your Indicators are working in the larger time frames. Banks are not Scalping 100s of millions or billions of dollars on a 5 minute hot tip trade.
  • #531,164
  • Jun 25, 2020 4:45pm Jun 25, 2020 4:45pm
'US coronavirus - CDC director says total cases in the US is around 23 million (that is, 10 times current estimates)'

Dear thats horrible picture than; thats about 1 on 20 American infected something

https://www.forexlive.com/news/!/us-...llion-20200625

Its gonna be a some real massacre still to come Im afraid for..
Life is great!!
  • #531,165
  • Jun 25, 2020 4:55pm Jun 25, 2020 4:55pm
Check out the pattern..
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Le$$ I$ More
  • #531,166
  • Jun 25, 2020 5:57pm Jun 25, 2020 5:57pm
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nothing really moved today . I did not even bother to much as the low time charts were up and down but with not much conviction. Coming soon . It looks like overnights going to sort it but could still be sideways ???
  • #531,167
  • Jun 25, 2020 5:59pm Jun 25, 2020 5:59pm
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possible move here
  • #531,168
  • Edited 7:41pm Jun 25, 2020 7:15pm | Edited 7:41pm
Quoting Theoak
{quote} Does price move to the MA or does MA move to price?
MA follows the price
My 2 MA's are my Gods and my timeframe is my universe, together we can ride the forex waves and be rich
(no im not selling anything)
  • #531,169
  • Edited 11:24pm Jun 25, 2020 10:08pm | Edited 11:24pm
Bull need bearish momentum, Bear need bullish momentum . Love both but never get married with them

Inserted Video
not euphoria follower
  • #531,170
  • Jun 25, 2020 11:40pm Jun 25, 2020 11:40pm
from the next 4hr candle, one can definitely buy GU as per my system. for me only though.

Beware of pullbacks. So Preferable frankfurt dip is buy able.
Intraday only.
  • #531,171
  • Jun 25, 2020 11:59pm Jun 25, 2020 11:59pm
Quoting navk
from the next 4hr candle, one can definitely buy GU as per my system. for me only though. Beware of pullbacks. So Preferable frankfurt dip is buy able.
But I am your follower Boss.
  • #531,172
  • Jun 26, 2020 12:01am Jun 26, 2020 12:01am
Out of my short for now.. Looking for a higher price to sell from. High of yesterday will good point (2463)
Every rise is a fall.
Le$$ I$ More
  • #531,173
  • Jun 26, 2020 12:28am Jun 26, 2020 12:28am
W-pattern on 1hr? Today will be a very tricky day.....
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Lost....
  • #531,174
  • Edited 12:41am Jun 26, 2020 12:30am | Edited 12:41am
Quoting Georginson
{quote} Two weeks ago it had 130 pips move above the opening price before a crash of 200 pips below the weekly open, last week it had 174 pips move above the weekly open before crashing below the weekly open by 174 pips... Here we go again this week with current 160 pips move above the weekly open. Price attaining 1.25 level is necessary to Gather fresh selling momentum to break 1.2333 weekly low to 1.2280 level. This bull run should end anywhere 1.2510/1.2565 region before an imminent crash to 1.2310/1.2280 levels. So a sell from 1.2510/1.2535...
I'm always very careful about giving trade analysis and directions on this thread as I know there are many new traders that check this thread for vital trade clues and information. My analysis are usually backed with detailed and simple explanation as to why price will move to particular level and at a given time range.

Early this week, I spotted 1.2510/1.2535 as good selling levels and as I type now the weekly high stands at 1.2541. My objective is to contribute to this thread and not to disrespect anyone directly or indirectly.
Data + Stat + Risk/Emotions Management
  • #531,175
  • Jun 26, 2020 12:31am Jun 26, 2020 12:31am
Nothing really changed last 24H. Only the daily pivot now in between the weekly and monthly pivot. Think much of the same like yesterday. Perhaps friday profit takings push price lower later today. Dont think they like to take too much risk over the weekend seeing the covid number developments in America

GL all!
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  • #531,176
  • Jun 26, 2020 12:44am Jun 26, 2020 12:44am
Quoting Georginson
{quote} I'm always very careful about giving trade analysis and directions on this thread as I know there are many new traders that check this thread for vital trade clues and information
Doesnt sound very convincing than for direction. Every one knows it can go up and down from somewhere. I like making some good calls; feels even better when you're collecting(my friend doesnt care eather). Its good for newbee to see making loss from someone else calls as well; you need to make your own decission at the end. Nice to see people have same idea something over here though )
I have no real clue now honestly but ranging the pivots for European session
Life is great!!
  • #531,177
  • Jun 26, 2020 12:54am Jun 26, 2020 12:54am
Quoting despichtt
{quote} Doesnt sound very convincing than for direction. Every one knows it can go up and down from somewhere. I like making some good; feels even better when you're collecting(my friend doesnt care eather). Its good for newbee to see making loss from someone else calls as well; you need to make your own decission at the end. Nice to see people have same idea something over here though ) I have no real clue now honestly but ranging the pivots for European session
Agreed. This forum and thread is not signal provider and learning thing for anyone including new people.

Learning something is always important irrespective of age and experience.
Intraday only.
  • #531,178
  • Jun 26, 2020 12:57am Jun 26, 2020 12:57am
Quoting navk
from the next 4hr candle, one can definitely buy GU as per my system. for me only though. Beware of pullbacks. So Preferable frankfurt dip is buy able.
Me too, i am long for the next 4 hours, looking at 1.246. Overall bearish...especially looking how the 1.2400 level got built i think it will be retested, hoping it will not be before the 1.246, pff but let's trade carefully..often periods of a lot of volatility. Trust your systems read the market and look for confirmations Guys! Market is talking to us.
A trader is as good as his stop loss. Understand your mistakes.
  • #531,179
  • Edited 1:14am Jun 26, 2020 12:58am | Edited 1:14am
Decision Time

The easiest day this week to trade.
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Don't trade what you think. Just what you see!!!
  • #531,180
  • Jun 26, 2020 1:00am Jun 26, 2020 1:00am
Quoting Headland
Interesting discussion above. The market is what the market is - it's that simple. From my experience of this industry, what stops the average retail trader ever becoming consistently and reliably profitable is their battle with the psychology of trading. Finding a technical edge is fairly simple but they never really know the edge over an extended sample of times it sets-up so they don't know for eg but not only - it's strike rate, it's av winning run, it's av losing run, it's longest of these two, and equally as crucially given these stats it's...
Wow!! this is basically the Truth in trading, let people or traders stop fighting over what the banks does, everything is in your chart.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
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