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Cable Update (GBPUSD)

  • #534,461
  • Edited 3:29pm Jul 9, 2020 2:41pm | Edited 3:29pm
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yes yes yes
  • #534,462
  • Jul 9, 2020 3:12pm Jul 9, 2020 3:12pm
Quoting thevisitor
1.2750 maybe {image}
correction 1.2550 first
  • #534,463
  • Jul 9, 2020 4:13pm Jul 9, 2020 4:13pm
eu 90 adr, gu only 70?!?
  • #534,464
  • Jul 9, 2020 4:15pm Jul 9, 2020 4:15pm
Quoting Moty
{image} {image}
Rules for wave count.
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WARNING: This post warps space and time in its vicinity.
  • #534,465
  • Edited 4:41pm Jul 9, 2020 4:21pm | Edited 4:41pm
Quoting trumps
swing shorts could be had up there {image}
Almost out of the drop zone with a Daily Pin.
Let's see what Friday brings
Compulsions can be hard to resist
  • #534,466
  • Jul 9, 2020 5:10pm Jul 9, 2020 5:10pm
Quoting shahab8b
GBPUSD, short setup @ 1.2630-35 {image}
GU
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  • #534,467
  • Jul 9, 2020 5:43pm Jul 9, 2020 5:43pm
As its a fryday so trying a only 1 sell at1.26080 tp. 30 sl. Manual.... as per previous pattern when we have a doji like this on daily then usually next candle is a huge red...
Extreme gut feeling trader
  • #534,468
  • Jul 9, 2020 6:09pm Jul 9, 2020 6:09pm
After a good trade i treat myself to a free trade based on other stuff like engulfing candles on H4.. so im selling GU with a 25 pips stop 1.2630

bit of body resistance at 1.2620 on H1
  • #534,469
  • Jul 9, 2020 6:18pm Jul 9, 2020 6:18pm
Quoting shahab8b
{quote} GU {image}
agree...1.2625 not clear for bull...i think now bear take control...i'm going to close my Long
https://investizo.com/investment/view?server=1&login=2141779119
  • #534,470
  • Jul 9, 2020 6:32pm Jul 9, 2020 6:32pm
Quoting Ehminiz
This life no balance o. Watching from here. {image}
Ehminiz. Here... perhaps this will help you a little. I have suffered from your predicament, but have in the past few months come accross something with the help of a forum poster much like me.

ALL trends start and stop pretty much the same way. By this I mean that if a trend started with a huge 4hr candle. It will end with the same. Large 15 minute candle? Same on the exit. Now. How does this tie in to what you are experiencing? You see that LARGE candle at the end of the trend, and because you have been taught that these large engulfing candles imply a large amount of interest.. You jump in. The fact is this large candle at the end of the trend is actually large financial buyers.. or sellers getting in, or out of the market. Soon after they manipulate price to make their trades profitable. In the picture below you will see examples. Now for the coupe de gras. If the trend is bearish. Look for a bearish engulfing candle to end the trend. Bullish? Look for a bullish engulfing one. BUT it will engulf the NEXT candle.. not the one behind it! So you need to wait for the next candle to finish. The caveat to this is the following. Look left. IF you are at a level where a candle previously engulfed the new one. That is your signal for a reversal. I will look for some examples, but if you check my postings over in the USD/JPY forum you can see what I mean. This is new to me, but I can tell you that it has changed the way I used to get trapped in trades at the edges. Check my posts. Hope this heps.

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Don't compare your trades to others. Most often the masses are the asses
  • #534,471
  • Jul 9, 2020 6:47pm Jul 9, 2020 6:47pm
Quoting navk
{quote} LOTS of scalps...long and short in the last few hours. All scalps, 5 pips, 2 pips like that. Never done like this. Finally 1.5 % done. Money is money.
Now you have found the best way to steal money of the market maker’s. Hope you were trading against the trend for high probability wins.

A handful of 4-8 pip trades and you have 1% increase in equity every single day without fail.
That’s 20% a month, do that with conviction and aggressive, while never being impatient and You will never leave the M1 again.
Trading thin liquidity at the boundary of the charts
  • #534,472
  • Jul 9, 2020 6:57pm Jul 9, 2020 6:57pm
Quoting RickM
{quote} Now you have found the best way to steal money of the market maker’s. Hope you were trading against the trend for high probability wins. A handful of 4-8 pip trades and you have 1% increase in equity every single day without fail. That’s 20% a month, do that with conviction and aggressive, while never being impatient and You will never leave the M1 again.
HA..HA..LOL

True
Intraday only.
  • #534,473
  • Jul 9, 2020 7:13pm Jul 9, 2020 7:13pm
Good night everybody..zzz
Hope to wake up with TP
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  • #534,474
  • Jul 9, 2020 7:21pm Jul 9, 2020 7:21pm
waiting....
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row row row your boat
  • #534,475
  • Jul 9, 2020 7:26pm Jul 9, 2020 7:26pm
Quoting OBsayMkMoney
{quote} Ehminiz. Here... perhaps this will help you a little. I have suffered from your predicament, but have in the past few months come accross something with the help of a forum poster much like me. ALL trends start and stop pretty much the same way. By this I mean that if a trend started with a huge 4hr candle. It will end with the same. Large 15 minute candle? Same on the exit. Now. How does this tie in to what you are experiencing? You see that LARGE candle at the end of the trend, and because you have been taught that these large engulfing...
Can you give some examples?
  • #534,476
  • Jul 9, 2020 7:54pm Jul 9, 2020 7:54pm
Quoting abhilash
Looking at daily chart I see 1.2680 / 1.2720 levels as a major confluence of TL and supply zone. I would exit my longs around these levels based on PA and then look for next setup. {image}
Closed longs @ 1.26.
  • #534,477
  • Jul 9, 2020 8:01pm Jul 9, 2020 8:01pm
Quoting montygoldy
As its a fryday so trying a only 1 sell at1.26080 tp. 30 sl. Manual.... as per previous pattern when we have a doji like this on daily then usually next candle is a huge red...
tp hit...
Extreme gut feeling trader
  • #534,478
  • Jul 9, 2020 8:13pm Jul 9, 2020 8:13pm
There goes 26.
A close below 25 would be a good way to end the week, leading into next week imo.
Compulsions can be hard to resist
  • #534,479
  • Jul 9, 2020 8:29pm Jul 9, 2020 8:29pm
I expect price to test 2650 today and then...

This week started on bullish note and until now the bottom to top range is 2457 to 2667

210 pips.

It is a bullish week and must finish on bullish note. Let us see.

The hurdles, 2625 first, then 2650. Top of the range 2696.

Support is seen at 2580 and then 2550.

The numbers are 2550, 2580, 2625, 2650, 2696.

Want to play accordingly.

This is for me.
Intraday only.
  • #534,480
  • Jul 9, 2020 8:37pm Jul 9, 2020 8:37pm
Quoting navk
I expect price to test 2650 today and then... This week started on bullish note and until now the bottom to top range is 2457 to 2667 210 pips. It is a bullish week and must finish on bullish note. Let us see. The hurdles, 2625 first, then 2650. Top of the range 2696. Support is seen at 2580 and then 2550. The numbers are 2550, 2580, 2625, 2650, 2696. Want to play accordingly. This is for me.
2680 pleaseee
just for a cup of coffee...
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