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Cable Update (GBPUSD)

  • #537,181
  • Jul 21, 2020 12:26pm Jul 21, 2020 12:26pm
Quoting HBN08
{quote} Depends a little how usddix candle closes above or below trend line i think :/
nice chart i like
  • #537,182
  • Jul 21, 2020 12:28pm Jul 21, 2020 12:28pm
Quoting HBN08
4H I see i very good sell oportunity, ima wait this candle close Moty what you think in 4H? {image}
i think we need to wait for a new candle low
yes yes yes
  • #537,183
  • Jul 21, 2020 12:32pm Jul 21, 2020 12:32pm
Quoting newmilly
Just adding my 2cents, im a newbie in this game. (2nd month) Even tho i would do my research and analysis i come here to compare my charts and analysis and check if im on the right track. And I still blew my 2nd account yesterday atleast it was way smaller than the 1st account BUT i only have myself to blame, having to put money in again was hard but i thats part of the learning process. The market has been unpredictable and many of the more experienced guys have lost money this past week or 2. Even though there were so many warnings in this thread...
you are a great man with big heart.
  • #537,184
  • Jul 21, 2020 12:36pm Jul 21, 2020 12:36pm
EU has 1.1540s to test then GU story ends toward retrace next..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #537,185
  • Edited 12:56pm Jul 21, 2020 12:38pm | Edited 12:56pm
One thing is very clear, the one of the first 3 reasons retail traders loose money, is going against the the trend,( also one of the reasons i was losing when i was) even when your a swing trader. What do you gain by going against the tides?? why do you that?? even when you see that the market is clearly up or down yet your going against it. what about black Friday??

The famous economist said something more than half a century ago that THE MARKETS CAN STAY IRRATIONAL MORE THAN YOU CAN STAY SOLVENT. Remember this was said more than half a century ago yet it is still applicable so this should tell us how tested and proven this is.

Even when your a scalper i believe you should choose the right side. This is what have learnt over the years ( more than a decade) and it's so painful that i learnt the hard way so please don't make this mistake. if you find yourself on the wrong side cut your losses and join the right side because it is not over until it is over.

Some will come here to argue that there is nothing like Trend, that trend is what you make of, well am not joining you in aggument because am not that type.

One Question, how many sound and successful business men have you seen going all out to fight the Government of the day and still made it through in the businesses?

Remember my Quote: THE TRUTH IS SIMPLE, ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #537,186
  • Jul 21, 2020 12:39pm Jul 21, 2020 12:39pm
Stop whining like pussies and grow a pair. The forum is for diverse ideas so that people can find their trading system. If one guy likes to swingtrade while another scalps, so what. Stay in your lane. If someone challenges your outlook, so what? Leave your egos with your wives. She MIGHT be the only one who enjoys it. This is why I black out my trades, or only post demo stuff. Because people who are too lazy to learn their own style will take your word as a signal. Precise numbers ALWAYS get followers. So. Either be obscure about the numbers, or.. Fuckem... let their asses fall until they scrape their knees enough and figure out how to walk. With that said. Back to trading...

My 4hr says we have a little more room here. Asia didn't participate in all this goodness, so perhaps we will finish out trip north in the next 24hrs.

This is an ANALYSIS. (insert don't follow me disclaimer here)
Attached Image (click to enlarge)
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Don't compare your trades to others. Most often the masses are the asses
  • #537,187
  • Jul 21, 2020 12:43pm Jul 21, 2020 12:43pm
Imho the only solution for quick money with trading the cable is scalp but with the current trend and not to be tempting to stick to loosing trade's just flip bad trade to good one,ohh and another good advice DONT BE AT FF WHEN YOU HAVE TRADES.

Green pips to you all.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #537,188
  • Jul 21, 2020 12:45pm Jul 21, 2020 12:45pm
Quoting Almo2312
Imho the only solution for quick money with trading the cable is scalp but with the current trend and not to be tempting to stick to loosing trade's just flip bad trade to good one,ohh and another good advice DONT BE AT FF WHEN YOU HAVE TRADES. Green pips to you all.

DONT BE AT FF WHEN YOU HAVE TRADES
Lost....
  • #537,189
  • Jul 21, 2020 12:49pm Jul 21, 2020 12:49pm
dx below 95.. insane.
  • #537,190
  • Jul 21, 2020 12:51pm Jul 21, 2020 12:51pm
Quoting gespiri
{quote} DONT BE AT FF WHEN YOU HAVE TRADES
yes..i saw a lot of FF viewers and followers and even traders that got confused when they are here..

just the reason i dont give my opinion i just dont want to confuse no one but my major advice is just to scalp and not for big pips thats what i think

you never know when this shity cable will flip or will get ranging or just chop ..

anyway my humble thoughts

stay safe bud
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #537,191
  • Jul 21, 2020 12:51pm Jul 21, 2020 12:51pm
Quoting HBN08
4H I see i very good sell oportunity, ima wait this candle close Moty what you think in 4H? {image}

I would agree, but.. Look left my friend. We have previous bunching just above this level, and we have been defying all turns up to this point. Why stop now? Especially when MANY people sold the 2750 level and will place their stop losses 10 pips from there following money management rules. I am long to 27620 giving price a little room to spike higher, then sell this puppy. I think we will meander around this level gathering sellers before said spike.
Don't compare your trades to others. Most often the masses are the asses
  • #537,192
  • Jul 21, 2020 12:55pm Jul 21, 2020 12:55pm
it's now or never , dx is at 95
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yes yes yes
  • #537,193
  • Edited 1:17pm Jul 21, 2020 12:55pm | Edited 1:17pm
my two cents...

@OBsayMkMoney
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  • #537,194
  • Jul 21, 2020 12:56pm Jul 21, 2020 12:56pm
There is possibility of retrace to 2710 in Asia.
Intraday only.
  • #537,195
  • Jul 21, 2020 12:58pm Jul 21, 2020 12:58pm
For anyone, newbies (including myself). This will give you an explanation of the correlation between DXY (Dollar Index) and USD and how it affects USD forex pairs trading. I found it helpful so hope you do too.

https://www.babypips.com/learn/forex...usdx-for-forex
  • #537,196
  • Jul 21, 2020 12:58pm Jul 21, 2020 12:58pm
Quoting Wavegarrick
From a daily perspective, an important level at my yearly med support 1 at 1.2605. Gu is one of the few major pairs that have not made it back to my yearly pivot going into the 3rd quarter. If 1.2605 breaks with a weekly close above, the possibility is good for a test of my yearly pivot at 1.2908. Anyway, I don't say we won't have pullbacks. Do your own due diligence Guys. Just some forward guidance. Cheers. {image}
Could my yearly pivot at 1.2908 come into play at some point?

Trade safe Guys
Cheers.
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Trade to trade another day
  • #537,197
  • Jul 21, 2020 12:58pm Jul 21, 2020 12:58pm
Current view: 1.2800 possible reverse certainly would not look to go long from those levels
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #537,198
  • Jul 21, 2020 1:04pm Jul 21, 2020 1:04pm
If dollar crashes below 95.xx then this is a BIG problem

i hope it doesnt
  • #537,199
  • Jul 21, 2020 1:06pm Jul 21, 2020 1:06pm
ill leave this here....nuggets for my forex factory family
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  • #537,200
  • Jul 21, 2020 1:08pm Jul 21, 2020 1:08pm
and again
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