Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

Last Post
1 26639 26640 Page 26641 26642 26643 43750
1 Page 26641 43750

#532,801
Jul 3, 2020 2:52am Jul 3, 2020 2:52am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

Tp 1 at 1.24400 got hit
Now we go to tp 1.2400-1.241000 area
Two consecutive big engulfing bearish candles

Attached Image(s) (click to enlarge)

Click to Enlarge

Name: CamScanner 07-03-2020 10.49.58_1.jpg
Size: 106 KB

Click to Enlarge

Name: CamScanner 07-03-2020 10.50.35_1.jpg
Size: 95 KB

Click to Enlarge

Name: CamScanner 07-03-2020 10.51.15_1.jpg
Size: 95 KB

yes yes yes

#532,802
Jul 3, 2020 2:53am Jul 3, 2020 2:53am

knkie
Joined Apr 2012 | Status: Stunning | 6,815 Posts

Quoting Theoak

Disliked

{quote} You know what I find strange. Is there are so many people trying to pick the tops and the bottoms. I'm looking at a chart that is flying bullish or bearish and because some oscillator is showing oversold, they buy. I can understand doing this a few times, but continuously. Surely after a while common sense should prevail. I actually use this behaviour to my advantage as there is a retrace at this time then I reload. I know you don’t like these fancy oscillators, stick one on and just watch this phenomenon. Or like me use it has another tool....

Ignored

i find indicators misleading
they confuse me
but if you like them and it makes you money use them by all means.

btw: i never try to pick tops or bottoms
i only try to ride momentum

in wondering about yourself, you forgot what you came here to be part of

#532,803
Jul 3, 2020 2:54am Jul 3, 2020 2:54am

SCopier
Joined Sep 2012 | Status: Trader | 953 Posts

Wish I am right

Attached Image (click to enlarge)

Click to Enlarge

Name: GU.gif
Size: 40 KB

#532,804
Jul 3, 2020 2:56am Jul 3, 2020 2:56am

Roszey
Joined Nov 2013 | Status: Busy | 1,396 Posts

Quoting Georginson

Disliked

{quote} The session might be quiet today as there is holiday in the Banks in US... As far as 1.2529 high for yesterday remains unbroken, it is still bearish to 1.2400 level and below. An unlikely break of that 1.2529 will open up 1.2590 which will be met with aggressive sell to medium term 1.2200/1.2100 level for July. As always nothing is definite but some things are quite obvious

Ignored

As he rightfully put it.. Let see how it goes.
As usual waiting for the 4hr to break the low of yesterday

Attached Image (click to enlarge)

Click to Enlarge

Name: Screenshot at Jul 03 07-53-44.png
Size: 83 KB

Le$$ I$ More

#532,805
Jul 3, 2020 2:59am Jul 3, 2020 2:59am

trumps
Joined Mar 2020 | Status: Trader | 3,499 Posts

Bought this dip

Compulsions can be hard to resist

#532,806
Jul 3, 2020 3:00am Jul 3, 2020 3:00am

Almo2312
Joined Jul 2015 | Status: Trader | 2,762 Posts

imho this fake selloff is good for buyers lets see,i bought this fake

trade safe

Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!

#532,807
Jul 3, 2020 3:01am Jul 3, 2020 3:01am

Headland
Joined Apr 2020 | Status: Trader | 8,805 Posts

Quoting Theoak

Disliked

{quote} You know what I find strange. Is there are so many people trying to pick the tops and the bottoms. I'm looking at a chart that is flying bullish or bearish and because some oscillator is showing oversold, they buy. I can understand doing this a few times, but continuously. Surely after a while common sense should prevail. I actually use this behaviour to my advantage as there is a retrace at this time then I reload. I know you don’t like these fancy oscillators, stick one on and just watch this phenomenon. Or like me use it has another tool....

Ignored

Identifying a trend then dropping down a t/f or two (ie factor of X4 to 5...so for eg 1hr trend drop down to 15min) and then in an uptrend for eg buying o/s on 15min is the basis of a potentially sound edge (with some other refinements.) Oscillator regular or hidden div and extreme o/b or o/s can be hi in probability at pre-identified and potential (key words) supp/res/ s becomes r/ r becomes s areas particularly when there is a confluence of appropriate osc conditions across the t/f's.- always confirmed or not by pa. ...but in a strong trend you gotta be careful both on when you use the reg div and on expected size of pullbacks....always better trying to get with a trend.....Tops and bottoms can therefore be fairly easily identified, thus minimising stop/risk and maximising R:R potential.

Trader with an Edge.

#532,808
Jul 3, 2020 3:02am Jul 3, 2020 3:02am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

Attached Image (click to enlarge)

Click to Enlarge

Name: CamScanner 07-03-2020 11.02.28_1.jpg
Size: 135 KB

yes yes yes

#532,809
Jul 3, 2020 3:07am Jul 3, 2020 3:07am

navk
Joined Oct 2010 | Status: Trader | 21,478 Posts

Quoting Almo2312

Disliked

imho this fake selloff is good for buyers lets see,i bought this fake trade safe

Ignored

2437 S1 to 2512 R1 or more today.

Bullish daily candle close.

IMO

Intraday only.

#532,810
Jul 3, 2020 3:11am Jul 3, 2020 3:11am

Headland
Joined Apr 2020 | Status: Trader | 8,805 Posts

...if the move down is another fake out it certainly tripped some tight stops both ways lol...took a bounce off Daily s1 - top of that prev 1hr/2hr/4hr sw hi zone = prev res....will it find res at asian lo or in that asian choppy range consolidation ?

Trader with an Edge.

#532,811
Jul 3, 2020 3:12am Jul 3, 2020 3:12am

despichtt
| Membership Revoked | Joined Feb 2011 | 643 Posts

It amazes me often how most peope dont use any indies or try to look sofisticated watching only price charts. You can get so much additional information by watching volume and something to smoothen the orderflow and by ditecting strength. You miss all beautifull signals when you just watch the chart sec

For me not using these things is just like driving the car blind or without hands something

Did I mention pivots? My main bread and breakfast for trading as well..

I also dont like white wine sec ))

Life is great!!

#532,812
Jul 3, 2020 3:31am Jul 3, 2020 3:31am

Georginson
Joined Aug 2018 | Status: Research Analyst | 4,290 Posts

Quoting Roszey

Disliked

{quote} As he rightfully put it.. Let see how it goes. As usual waiting for the 4hr to break the low of yesterday {image}

Ignored

Great Chart Roszey... Any up move below 1.2529 level should meet a gradual fall to 1.24...1.22 levels in the medium term... July projected low still stays at 1.21 level as far as 1.26 isn't taken out this July...

Data + Stat + Risk/Emotions Management

#532,813
Jul 3, 2020 3:31am Jul 3, 2020 3:31am

despichtt
| Membership Revoked | Joined Feb 2011 | 643 Posts

For most of you my usage of indicators is likely overkill

Most of you reading this charts by just price action would think oooh price just broke the bottom we're likely going down now right. The big red volume bar followed by another big volume bar but with no candle telling me we likely hit some bottom on this pivot here for some time. When price going up again its a confirmer to me

Also some big EMA averages blocking price at the bottom. Could have been some nice scalp )

Some story at the top af the chart; typical pivot cluster block followed by some very smooth orderflow from stochastics lines south. All krep crossing 50 level in strong fashion also means a lot for momentum to me as well

Its all in the indicators!

Attached Image (click to enlarge)