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
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Why is GBPUSD called cable? 67 replies
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
cable short for gbpusd? 6 replies
DislikedIf 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.Ignored
Dislikedfrom 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.Ignored
Disliked{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...Ignored
Disliked{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 informationIgnored
Disliked{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 sessionIgnored
Dislikedfrom 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.Ignored
DislikedInteresting 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...Ignored