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Cable Update (GBPUSD)

  • #532,501
  • Jul 2, 2020 12:41am Jul 2, 2020 12:41am
Quoting Moty
{quote} i have my sl , with 10-12 pips loss , if it will drop to 50% or the daily pivot , i will take it from there again {image}
you know Thursday and Friday always have a bear run so best be careful
  • #532,502
  • Jul 2, 2020 12:48am Jul 2, 2020 12:48am
Quoting epzero
{quote} you know Thursday and Friday always have a bear run so best be careful
Are you sure it is "always"?? My charts say contrary to it.

TW
WARNING: This post warps space and time in its vicinity.
  • #532,503
  • Jul 2, 2020 12:49am Jul 2, 2020 12:49am
Quoting epzero
{quote} you know Thursday and Friday always have a bear run so best be careful
it was because gu was in the last 3 week in a 3 downward waves .
now it is in 2 upward corrective waves or 5 upward new bullish waves
Attached Image(s) (click to enlarge)
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yes yes yes
  • #532,504
  • Jul 2, 2020 12:54am Jul 2, 2020 12:54am
Quoting WizardTrade
{quote} Are you sure it is "always"?? My charts say contrary to it. TW
Play them as you see them best way .
  • #532,505
  • Jul 2, 2020 12:57am Jul 2, 2020 12:57am
Quoting elbert3
{quote} Play them as you see them best way .
That was what I meant Thanks
WARNING: This post warps space and time in its vicinity.
  • #532,506
  • Jul 2, 2020 1:07am Jul 2, 2020 1:07am
Quoting Derivative92
{quote} I have been trying to do something similar to this - do you have a guide or a link on how to port COT and MT4 data into Excel? Thanks.
I have done everything manual, raw datas, all into excel
Else, check my journal, there is a guy called Aussiebob posting there. He has nice charts with MT4, you can ask him where he got them
COT: The precious data ignored
  • #532,507
  • Jul 2, 2020 1:10am Jul 2, 2020 1:10am
Puffer fish still long since June 30th. Profit locked. Need more pips! Sitting on his fins and waiting to see what happens..
Attached Image (click to enlarge)
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  • #532,508
  • Jul 2, 2020 1:12am Jul 2, 2020 1:12am
Quoting Moty
{quote} divergence is a crooks myth. useally it doesn't work. you need to buy the cross up in bullish macd , and suy the cross down in a bearish macd {image} dx is going bye bye {image}



divergence only tell when trend is exhausted but not when the new trend start..
Price action is all that matter.
MY OPINION NOT FINANCIAL ADVISE
  • #532,509
  • Jul 2, 2020 1:16am Jul 2, 2020 1:16am
Quoting WizardTrade
{quote} That was what I meant Thanks
Attached Image (click to enlarge)
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5 min little drop and it came out of that and back up
  • #532,510
  • Jul 2, 2020 1:18am Jul 2, 2020 1:18am
finnley a break down at the eg , up up and away for gu
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yes yes yes
  • #532,511
  • Jul 2, 2020 1:18am Jul 2, 2020 1:18am
Quoting Kimjoun
{quote} commitment of trader. eventually they are right.
More right than wrong....same as technicals
COT: The precious data ignored
  • #532,512
  • Jul 2, 2020 1:20am Jul 2, 2020 1:20am
Quoting WizardTrade
{quote} That was what I meant Thanks
Attached Image (click to enlarge)
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out so it’s a buy rule . But careful today as there are possible retraces . They could be even like this . Fake out 2425 and 2400 not really tested . So we note that in mind . Regards E
  • #532,513
  • Jul 2, 2020 1:31am Jul 2, 2020 1:31am
Am going to stay out today being NFP and tomorrow being US Bank Holiday and won't care even if i come back to see 1000 profitable trades, LOL, i don't want any surprises so i will wait till Monday.
That's for me and me only but if you think and know your trading and psychology can handle everything that comes with NFP then go ahead. For those who can't
wait to fight another day....
Trade safe and be safe mentally, financially and in Health
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #532,514
  • Jul 2, 2020 1:47am Jul 2, 2020 1:47am
Hello. Another bullish run up yesterday and a pullback and another leg up in asian session/early london to the base of a prev minor 1hr sw hi zone that extends to 2510. Above there 2521 is 61.8% 2687-2251 and 2523 Daily R1 awaits. 2532 is 50% 2813-2251 and begins the prev 1hr/2hr/4hr/dly swing hi zone to that last Dly LH of 2543, with that post Boe +£100bn more Qe that the market found so disappointing spike to 2548 being a prev 1hr swing hi.

Price opened above the dly pibvot and is now above that and the wkly and mthly pivots at present. t/f's 1hr, 2hr, 4hr in uptrends , dly still in downtrend so long as a break above 2543 doesn't harm it. Ema's 20/50/100 on 5min - 1hr crossed up. 89% of the 13 week awr travelled so far this week (See georginson's posts re ranges.)

A different pattern but 'and' still reg bearish div 30min/1hr at the current dly hi and likely there a while longer if price goes beyond it to the upside.

G/L in today's market....
Trader with an Edge.
  • #532,515
  • Jul 2, 2020 1:56am Jul 2, 2020 1:56am
morning
took the last 10 pips to Day resistance level.
now we must see if the correction down sets in or price pushes thru the Day R.
Could be an agressive reaction
in wondering about yourself, you forgot what you came here to be part of
  • #532,516
  • Jul 2, 2020 2:00am Jul 2, 2020 2:00am
I'm not feeling too good, think I'll stay out of the market today. Good luck everyone. Happy hunting
  • #532,517
  • Jul 2, 2020 2:01am Jul 2, 2020 2:01am
price will retrace to the source
Attached Image (click to enlarge)
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yes yes yes
  • #532,518
  • Edited 2:16am Jul 2, 2020 2:05am | Edited 2:16am
Have been looking at charts since 2009 and suddenly now it starts to clicks, i see wining trades everywhere with just a blank charts now am beginning to wounder why it took me that long..... Why was i working in cycles?? very painful...
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #532,519
  • Jul 2, 2020 2:06am Jul 2, 2020 2:06am
...inverted hammer type close on 1hr and 2hr....yesterday's high zone the 1st downside obstacle.
Trader with an Edge.
  • #532,520
  • Jul 2, 2020 2:15am Jul 2, 2020 2:15am
Quoting Headland
...inverted hammer type close on 1hr and 2hr....yesterday's high zone the 1st downside obstacle.
Nice . Haha
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