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Cable Update (GBPUSD)

  • #535,001
  • Jul 12, 2020 11:05am Jul 12, 2020 11:05am
Quoting joesherwood
{quote} Hi i dont know if i have one that specific haha but i have a folder with lots of trading books, you can look through and see, link below https://www.dropbox.com/sh/joz8qzjgk...uir5xZmOa?dl=0 I hope this can help? Joe

Thank you very much.
  • #535,002
  • Jul 12, 2020 12:23pm Jul 12, 2020 12:23pm
Gbpusd is supported on EMA-80 in hourly TF.

To break the bull trend, the PA need to break EMA-80 and go below convincingly.

On daily TF, there is no confirmation as of now yet, as we await the next daily candle to be formed to ascertain the trend direction.

However, on the 4-hour TF, there is a signal of a retracement coming but how deep and whether is this confirmed is subjected to the EMA-80 on hourly TF and the formation of the next candle in daily TF.

Hope that my sharing helps :-)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Gbpusd 13-July-2020 1-hour TF.png Size: 190 KB
Click to Enlarge Name: Gbpusd 13-July-2020 4-hour TF.png Size: 171 KB
Click to Enlarge Name: Gbpusd 13-July-2020 Daily TF.png Size: 191 KB
  • #535,003
  • Jul 12, 2020 12:41pm Jul 12, 2020 12:41pm
Quoting SGFxTrader9
Gbpusd is supported on EMA-80 in hourly TF. To break the bull trend, the PA need to break EMA-80 and go below convincingly. On daily TF, there is no confirmation as of now yet, as we await the next daily candle to be formed to ascertain the trend direction. However, on the 4-hour TF, there is a signal of a retracement coming but how deep and whether is this confirmed is subjected to the EMA-80 on hourly TF and the formation of the next candle in daily TF. Hope that my sharing helps :-) {image} {image} {image}
...your 80 ema is coincidence - and therefore irrelevant. At any time and at any price there willl be an ma beit ema, sma, lwma etc right on the close and open of the the current candle - on all t/f's....The market really only arguably takes notice of ma's it treats as 'significant' and even this is very subjective. The 80 ema is not one of them. Think 100 or 200 and on longer t/f's and they arguably start to become more 'relevant.
Trader with an Edge.
  • #535,004
  • Jul 12, 2020 12:45pm Jul 12, 2020 12:45pm
Quoting Headland
{quote} ...your 80 ema is coincidence - and therefore irrelevant. At any time and at any price there willl be an ma beit ema, sma, lwma etc right on the close and open of the the current candle - on all t/f's....The market really only arguably takes notice of ma's it treats as 'significant' and even this is very subjective. The 80 ema is not one of them. Think 100 or 200 and on longer t/f's and they arguably start to become more 'relevant.
Well, you know if you draw a random horizontale line, a random trendline, anywhere in chart, at some point it will be relevant, and some other times irrelevant
Same with the MA's.....it can serve you, or be totally useless

I find 100/200MA totally useless too, they can be useful and useless

Just my point of you
COT: The precious data ignored
  • #535,005
  • Jul 12, 2020 12:50pm Jul 12, 2020 12:50pm
Well, it depends on how you make use of the MA’s to suit your strategies.

for me, I find 55 EMA more useful.
#Stay blue. /swinger/scalper/
  • #535,006
  • Jul 12, 2020 12:58pm Jul 12, 2020 12:58pm
Quoting Ehminiz
Well, it depends on how you make use of the MA’s to suit your strategies. for me, I find 55 EMA more useful.
I find the numbers 10 and 55 efficient using system , but again its just me
COT: The precious data ignored
  • #535,007
  • Jul 12, 2020 1:02pm Jul 12, 2020 1:02pm
Quoting kuroro001
{quote} Well, you know if you draw a random horizontale line, a random trendline, anywhere in chart, at some point it will be relevant, and some other times irrelevant Same with the MA's.....it can serve you, or be totally useless I find 100/200MA totally useless too, they can be useful and useless Just my point of you
I only find them usefull if i open e new chart just to see possible trends in long term , but i agree with you overall
  • #535,008
  • Jul 12, 2020 1:11pm Jul 12, 2020 1:11pm
Quoting HBN08
{quote} I only find them usefull if i open e new chart just to see possible trends in long term , but i agree with you overall
My broker, I am surprised, my withdrawal submitted on Saturday, and today the money is received in my bank account.
Intraday only.
  • #535,009
  • Jul 12, 2020 1:20pm Jul 12, 2020 1:20pm
Quoting navk
{quote} My broker, I am surprised, my withdrawal submitted on Saturday, and today the money is received in my bank account.
What broker is that? I thought banks don't process payments over the weekend. Maybe SEPA?
Everyone can see the chart, but only a few can actually read it.
  • #535,010
  • Jul 12, 2020 1:47pm Jul 12, 2020 1:47pm
Quoting navk
{quote} My broker, I am surprised, my withdrawal submitted on Saturday, and today the money is received in my bank account.
I tried to get some out of my demo account . But they said no .. personally I don’t see the problem .i only wanted to take 200,000 dollars . I said I would leave the rest in , but they just were not having it ..
  • #535,011
  • Jul 12, 2020 1:49pm Jul 12, 2020 1:49pm
Quoting navk
{quote} you start with 100k for this contest? Am not clear
That’s how much I started my demo acc with
  • #535,012
  • Jul 12, 2020 1:51pm Jul 12, 2020 1:51pm
Quoting navk
{quote} i understand that. yes. Let us see if we can start a demo contest thread.
Attached Image (click to enlarge)
Click to Enlarge Name: 85887590-D4D9-4437-88AB-E18EA622E905.jpeg Size: 256 KB
can I start with this one
  • #535,013
  • Jul 12, 2020 2:00pm Jul 12, 2020 2:00pm
To stay disciple and consistent I use this excel spreadsheet to guide my way through.
Attached Image (click to enlarge)
Click to Enlarge Name: EEE3E8AB-BA0B-4C3A-B283-B0C365116698.jpeg Size: 1.1 MB
Le$$ I$ More
  • #535,014
  • Jul 12, 2020 2:03pm Jul 12, 2020 2:03pm
Quoting WizardTrade
{quote} You can start with 100,000 dollars account SL and TP matters Keep it running for long run and then we can discuss here. The accounts should be there in TEs of everyone. What do you say?
I will let you guys have all the pleasure
  • #535,015
  • Edited 2:31pm Jul 12, 2020 2:19pm | Edited 2:31pm
Quoting kuroro001
{quote} Well, you know if you draw a random horizontal line, a random trendline, anywhere in chart, at some point it will be relevant, and some other times irrelevant Same with the MA's.....it can serve you, or be totally useless I find 100/200MA totally useless too, they can be useful and useless Just my point of you
I agree, @ potential supp or res factors price will either break or bounce but you at least have to have things on your chart that you know sufficient market participants/volume use that may help you in your trading, empirically indicated by your results from using them over a large sample size. Yes, like a broken clock - [which is right twice day] random stuff will be right some times but mostly not and you may even notice it a few times but this is very likely to be purely coincidental unless/until you prove to your satisfaction over a large sample size that what you are putting on your chart (s) is assisting you in your edge or not. By any measure and in respect of the op's 80 ema example - no one is looking at that.
Trader with an Edge.
  • #535,016
  • Jul 12, 2020 2:27pm Jul 12, 2020 2:27pm
Quoting kuroro001
{quote} I find the numbers 10 and 55 efficient using system , but again its just me

yeah. Very efficient. Especially 55.


like i said, it’s useful to me as well
#Stay blue. /swinger/scalper/
  • #535,017
  • Jul 12, 2020 2:34pm Jul 12, 2020 2:34pm
Should open gap down 2608 area
  • #535,018
  • Jul 12, 2020 2:55pm Jul 12, 2020 2:55pm
Quoting elbert3
Should open gap down 2608 area
Small gap up right now. Probably opens same as it closed. So asia in buy mode.
Everyone can see the chart, but only a few can actually read it.
  • #535,019
  • Jul 12, 2020 3:14pm Jul 12, 2020 3:14pm
Quoting OnlineAddict
{quote} Small gap up right now. Probably opens same as it closed. So asia in buy mode.
No moves like last weeks open on that demo platform!!! It will be strange if it does fulfil last Sunday’s moves
  • #535,020
  • Jul 12, 2020 3:16pm Jul 12, 2020 3:16pm
Quoting OnlineAddict
{quote} Small gap up right now. Probably opens same as it closed. So asia in buy mode.
Do you have your 5 min chart you can put up ?
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