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Cable Update (GBPUSD)

  • #535,641
  • Edited 7:03am Jul 15, 2020 6:49am | Edited 7:03am
ok it can it go to the moon and back below that line and its good, random is made a up term but its also factual,
you can't cut price up and the reason is its too subjective .I don't need to research it, I already been around over a decade ,you think I haven't figured it out already...
I might add market proved already when you posted thats no good ,i.e no one else on the planet has that line

Quoting trumps
{quote} It's based on 4hr close NY time. 2hrs 20 mins from now is relevant time
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #535,642
  • Jul 15, 2020 6:49am Jul 15, 2020 6:49am
Quoting WizardTrade
{quote} Give trade enough room to breathe, you can reduce lot size for tweaking the SL Just my opinion

Absolutely! Lesser trades? Better! Let them run... and run... and run... ext.
Maadik Hugiis. IQ 69.
  • #535,643
  • Jul 15, 2020 6:52am Jul 15, 2020 6:52am
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yes yes yes
  • #535,644
  • Jul 15, 2020 6:52am Jul 15, 2020 6:52am
Quoting Bones
ok it can it go to the moon and back below that line and its good, random is made a up term but its also factual, you can't cut price up and the reason is its too subjective .I don't need to research it I already been around over a decade ,you think I haven't figured out already... I might add market proved already when you posted thats no good ,i.e no one else on the plant has that line {quote}
Like I said, If you don't want to research it, that's fine with me.
Have a Good day Bones.
Compulsions can be hard to resist
  • #535,645
  • Jul 15, 2020 6:53am Jul 15, 2020 6:53am
lets try buy at 2613,
if it reach 2670 first, then i will short from 2670.
sl 30pips. tp 2670
row row row your boat
  • #535,646
  • Jul 15, 2020 6:54am Jul 15, 2020 6:54am
price not showing weakness
if we will get a down move it will be before london close imo.
if NY open will take the dr2 to bed, i will need to change my bias to bullish.
  • #535,647
  • Jul 15, 2020 7:06am Jul 15, 2020 7:06am
careful long

sellers might be waiting there
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  • #535,648
  • Jul 15, 2020 7:12am Jul 15, 2020 7:12am
Quoting Bones
ok it can it go to the moon and back below that line and its good, random is made a up term but its also factual, you can't cut price up and the reason is its too subjective .I don't need to research it, I already been around over a decade ,you think I haven't figured it out already... I might add market proved already when you posted thats no good ,i.e no one else on the planet has that line {quote}
To be fair, some traders do that. Will Hunting uses a tazer technique, made by himself, in which he draws the lines in a certain way.
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  • #535,649
  • Jul 15, 2020 7:13am Jul 15, 2020 7:13am
Quoting Siame
Now that we hit Weekly Open today, I am interested in SHORT positions around 1.2640/50 One more push Up would be ideal.
SHORT 1.26405

I'm laddering positions into 1.26500
  • #535,650
  • Jul 15, 2020 7:14am Jul 15, 2020 7:14am
Quoting shahab8b
{quote} To be fair, some traders do that. Will Hunting uses a tazer technique, made by himself, in which he draws the lines in a certain way. {image}
draw as many lines as you can, and will see if it s working or not, how price behaves, old trend lines and channels works for me
  • #535,651
  • Jul 15, 2020 7:16am Jul 15, 2020 7:16am
Quoting SFundamental
{quote} See bullish above 1.2550 Actually this was being defended as well... Plus CPI beaten ......... that big move up was bearish manipulation- hit R2 plus a standard deviation- pullback to 50 retracement After today ...things calm down a bit
Lots of pos news on the pound

https://uk.reuters.com/

Plus a beat on inflation

But:
1.2369 is the 2nd std deviation for the today
If we get there 1.2650 will likely be defended.
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #535,652
  • Jul 15, 2020 7:18am Jul 15, 2020 7:18am
tl's are respected to the pip if you stick to the rules, it's not the Wild West ,fast approaching a potential TL someone else would have, but its not confirmed or established.Any site telling you carve up price is deluded just like the person who started that rumour
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #535,653
  • Jul 15, 2020 7:21am Jul 15, 2020 7:21am
Quoting msniper
careful long sellers might be waiting there {image}
When I put that indicator on the daily chart, it changes back and forth from a bullish to a bearish pattern.
Compulsions can be hard to resist
  • #535,654
  • Jul 15, 2020 7:22am Jul 15, 2020 7:22am
Quoting WizardTrade
{quote} Are these Elliot waves?
Yes but based on H4 and illustrated in D chart to make it easy reading.
  • #535,655
  • Jul 15, 2020 7:23am Jul 15, 2020 7:23am
no sign of stopping.

from 2474 to 2640 .. 170 pips... no turn back.

Good push.
Intraday only.
  • #535,656
  • Jul 15, 2020 7:24am Jul 15, 2020 7:24am
Quoting knkie
M5 chart BUY 2626 25 pip trgt {image}
exit +9

rides are getting shorter
could mean its running out of steam and a correction will occur.

lots of support to break before a real trend change is in place though.
in wondering about yourself, you forgot what you came here to be part of
  • #535,657
  • Jul 15, 2020 7:25am Jul 15, 2020 7:25am
Quoting Fadhl
{quote} Yes but based on H4 and illustrated in D chart to make it easy reading.
Don't you think the wave 3 and 4 violate the rules of Elliot's classical thought?
WARNING: This post warps space and time in its vicinity.
  • #535,658
  • Jul 15, 2020 7:26am Jul 15, 2020 7:26am
And most importantly it is going to be bullish week.

Be prepared for it.

IMO.


Just buy the dips.
Intraday only.
  • #535,659
  • Jul 15, 2020 7:27am Jul 15, 2020 7:27am
time to go for short maybe
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be patient
  • #535,660
  • Jul 15, 2020 7:28am Jul 15, 2020 7:28am
Quoting knkie
{quote} exit +9 rides are getting shorter could mean its running out of steam and a correction will occur. lots of support to break before a real trend change is in place though.
The daily ytd closed may mean something is cooking for bull
holding early entry 2576 long for aim break the 2660
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