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Cable Update (GBPUSD)

  • #536,441
  • Jul 19, 2020 5:55am Jul 19, 2020 5:55am
Remember, talk is Cheap!!
Don't the fight wave just go with the flow
Le$$ I$ More
  • #536,442
  • Jul 19, 2020 6:05am Jul 19, 2020 6:05am
Was bearish originally but don't like how the break of the trendline was so lackluster. Stuck in the middle for now, not really sure where its going. Hoping for a gap up so it fills the gap and carries that momentum downwards.
  • #536,443
  • Jul 19, 2020 6:45am Jul 19, 2020 6:45am
Quoting gatenio
{quote} yes this is a free indicator that coming with a template. search for “hermonic pattern indicator mt4” on google.. you will find it. look for the zip file, not the ex4 only last dreams patterns. if you cant find it send me a pm and i will help later
thank you for your reply, I've found it
  • #536,444
  • Jul 19, 2020 8:39am Jul 19, 2020 8:39am
Quoting Not-KPMG
{quote} Nice joke USD is what??? Ohhh strengthening Remind me to ridicule

I have YET to see you post anything constructive. Not even ONE trade, predicition.. Nothing. lol
Don't compare your trades to others. Most often the masses are the asses
  • #536,445
  • Jul 19, 2020 8:45am Jul 19, 2020 8:45am
Quoting morfes2
{quote} https://youtu.be/Q0Q3sZCle6w
Inserted Video
  • #536,446
  • Jul 19, 2020 11:05am Jul 19, 2020 11:05am
Quoting Black-Star
Good Day Everyone, came across this thread a few weeks ago and decided to join because trading can be a lonely activity. Glad I came across it, now I can have discussions with like minded people about trading. Just want to share my 2 cents on how i see Cable. Please don't follow my analysis blindly, just sharing my thoughts. I am a newbie in this industry. (Diagrams shown on second screen shot are for bull market correction so just switch them upside down for bear market) {image} {image}
Thank you for the analysis.
  • #536,447
  • Jul 19, 2020 11:45am Jul 19, 2020 11:45am
Hello everyone.

Please I have one question.

Assuming a trader is using pivot point analysis with the accompanying support and resistance lines that are calculated based on the pivot point.

After how many days or hours does the trader need to update the pivot point and re-calculate the support and resistance lines?

Thanks in advance.
  • #536,448
  • Jul 19, 2020 12:45pm Jul 19, 2020 12:45pm
Quoting Olabanji-Tex
Hello everyone. Please I have one question. Assuming a trader is using pivot point analysis with the accompanying support and resistance lines that are calculated based on the pivot point. After how many days or hours does the trader need to update the pivot point and re-calculate the support and resistance lines? Thanks in advance.
You don't need to recalculate.. Find a good pivot indicator, select the period of which you want the pivot to calculated (daily, weekly, or monthly). Everything will be done automated for you. Hope I answered you
Le$$ I$ More
  • #536,449
  • Jul 19, 2020 12:52pm Jul 19, 2020 12:52pm
Quoting Olabanji-Tex
Hello everyone. Please I have one question. Assuming a trader is using pivot point analysis with the accompanying support and resistance lines that are calculated based on the pivot point. After how many days or hours does the trader need to update the pivot point and re-calculate the support and resistance lines? Thanks in advance.
Olabanji omo to shun! Smiles. A good pivot indicator will suffice, you need no recalculation because it will be automated. Cheers
It is all about the foreign exchange market.
  • #536,450
  • Jul 19, 2020 1:16pm Jul 19, 2020 1:16pm
Quoting Coreg2004
{quote} Black-Star, very nice scenarios but keep in mind also that triangles can appear in double and triple threes {image} {image}
Very true, corrective waves are very tricky to work out. Will adjust accordingly as the market shows its hand.
  • #536,451
  • Jul 19, 2020 1:55pm Jul 19, 2020 1:55pm
Cable at 1.2516 at the moment
That's why on Friday it was so slow, all waiting for EU decision, od the Cable too of course
https://www.xe.com/currencycharts/?f...o=USD&view=12h
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 54 KB
  • #536,452
  • Jul 19, 2020 1:57pm Jul 19, 2020 1:57pm
Quoting Vincent1
Cable at 1.2516 at the moment That's why on Friday it was so slow, all waiting for EU decision, od the Cable too of course
you sure? Those rates aren’t live
  • #536,453
  • Jul 19, 2020 1:59pm Jul 19, 2020 1:59pm
Quoting shakmoney
{quote} you sure? Those rates aren’t live
Of course before the open everything can happen... they can also open in gap and close it Asian session
I'm just looking for the fundamental reasions, Big Boys are waiting for EU decisions
  • #536,454
  • Jul 19, 2020 2:00pm Jul 19, 2020 2:00pm
Quoting Vincent1
{quote} Of course before the open everything can happen... they can also open in gap and close it Asian session I'm just looking for the fundamental reasions, Big Boys are waiting for EU decisions
It’s currently at 1.2563
  • #536,455
  • Jul 19, 2020 2:18pm Jul 19, 2020 2:18pm
Quoting Roszey
{quote} You don't need to recalculate.. Find a good pivot indicator, select the period of which you want the pivot to calculated (daily, weekly, or monthly). Everything will be done automated for you. Hope I answered you
Thank you very much.
  • #536,456
  • Jul 19, 2020 2:19pm Jul 19, 2020 2:19pm
Quoting Efelexy
{quote} Olabanji omo to shun! Smiles. A good pivot indicator will suffice, you need no recalculation because it will be automated. Cheers
Thank you very much.
  • #536,457
  • Jul 19, 2020 2:51pm Jul 19, 2020 2:51pm
hey just another view:
H4 chart.
Price still in a triangle but a case could be made that a breakout of the lower TL has already occurred.
H4 has indeed made a LH-LL and if it creates another LH my bias would be short.
M30 is in a HH mode so price might just gap down at the open.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 30 KB
in wondering about yourself, you forgot what you came here to be part of
  • #536,458
  • Jul 19, 2020 2:55pm Jul 19, 2020 2:55pm
Quoting Vincent1
Cable at 1.2516 at the moment That's why on Friday it was so slow, all waiting for EU decision, od the Cable too of course https://www.xe.com/currencycharts/?f...o=USD&view=12h {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 5910FA95-DAE0-486B-B899-D83DD6C1EF15.jpeg Size: 231 KB
  • #536,459
  • Jul 19, 2020 2:57pm Jul 19, 2020 2:57pm
Quoting elbert3
{quote} {image}
Has the market opened already?
Le$$ I$ More
  • #536,460
  • Jul 19, 2020 3:00pm Jul 19, 2020 3:00pm
Quoting Roszey
{quote} Has the market opened already?
That’s my demo . But if it were live I am not sure . It baffles me ???
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