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Cable Update (GBPUSD)

  • #537,881
  • Jul 23, 2020 10:11am Jul 23, 2020 10:11am
Quoting mastersplint
{quote} Or is this the start of the usd collapse? Technically you look monthly and gu is still in a relatively low price. Think we will have a drop potentially soon just not sure where or when.
Price action will tell us soon. Meanwhile I am on the sidelines to see how bulls get over 1.30 and sustain that move on GU
WARNING: This post warps space and time in its vicinity.
  • #537,882
  • Jul 23, 2020 10:14am Jul 23, 2020 10:14am
Quoting Moty
{quote} eu is going to drop heavily , major res ahead {image} {image}
I closed all my trades manually at time of screenshot Moty, done for this week.

Trade Safe
Guz
Charts don't drive price, market conditions drive price...
  • #537,883
  • Jul 23, 2020 10:14am Jul 23, 2020 10:14am
Quoting Roszey
What happens when you go against your trading rules and set up. Don't be too cocky in the market or it will expose you.. {image}
Transparency fair play.
  • #537,884
  • Jul 23, 2020 10:16am Jul 23, 2020 10:16am
Quoting Guztro
I'm not going to say I told you so, but I will show you...again EU gave the direction. Guz {image}
Hi Guztro.. Whats your daily target? i feel like i have a kindergarten account and you have a PHD trade account.
  • #537,885
  • Jul 23, 2020 10:17am Jul 23, 2020 10:17am
...breech of the 1hr desc t/line but no close above it yet...1hr below.
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Trader with an Edge.
  • #537,886
  • Jul 23, 2020 10:18am Jul 23, 2020 10:18am
Quoting Roszey
What happens when you go against your trading rules and set up. Don't be too cocky in the market or it will expose you.. {image}
Where did you go wrong with your trade strategy if I may ask?
Lost....
  • #537,887
  • Jul 23, 2020 10:22am Jul 23, 2020 10:22am
Over shoot of demand.
massive Imbalance formed.
everyone been buying all week Asia NY it was only London that sold off yesterday for NY to buy and guess what they did the same today. London sold off to induce sellers and fetch more demand to give NY Best Buy prices.

candle stick patterns
chart patterns
indicators

its all retail horse crap.

learn to see price different.

look what the sessions are doing tell yourself the story.

re-engineer your mind Think outside the box. I’ve been dropping nuggets for guys all week...retail trading methods don’t work consistently facts.

elliot wave, ema crosses, rsi overbought oversold it’s all crap guys all of it.

Price moves from supply and demand.
As it moves from supply or demand to the other price will create order blocks during each session order blocks create order flow. The sessions help each other achieve best prices. You guys seen all week Asia buying London buying NY buying only yesterday London sold off to allow NY to buy and the same again today.
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  • #537,888
  • Jul 23, 2020 10:23am Jul 23, 2020 10:23am
Quoting WizardTrade
{quote} Correct. The price action study must be done once Gold reaches there. Bull run is going to get over the next week. Cheers
The question is who has the gold?
who are these people buying gold? usa, china, england?
  • #537,889
  • Jul 23, 2020 10:24am Jul 23, 2020 10:24am
Quoting Marcieny
{quote} The question is who has the gold? who are these people buying gold? usa, china, england?
All I know is "That is not me ". Why worry?

PS: Good question BTW
WARNING: This post warps space and time in its vicinity.
  • #537,890
  • Jul 23, 2020 10:24am Jul 23, 2020 10:24am
triangle?
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row row row your boat
  • #537,891
  • Jul 23, 2020 10:24am Jul 23, 2020 10:24am
Quoting tradebloke
{quote} Hi Guztro.. Whats your daily target? i feel like i have a kindergarten account and you have a PHD trade account.
I trade what I see, I generally manage 200 pips daily across multiple pairs. But as I said, I understand fundamentals well, and I read more than I trade. My trading strategy is Elliott Wave, and all my scalps are in the same direction as my swing analysis. I'm no way the best trader here, if you want good EW analysis, look for posts from Coreg2004.

Cheers
Guz
Charts don't drive price, market conditions drive price...
  • #537,892
  • Jul 23, 2020 10:30am Jul 23, 2020 10:30am
Quoting Neil0163
Over shoot of demand. massive Imbalance formed. everyone been buying all week Asia NY it was only London that sold off yesterday for NY to buy and guess what they did the same today. London sold off to induce sellers and fetch more demand to give NY Best Buy prices. candle stick patterns chart patterns indicators its all retail horse crap. learn to see price different. look what the sessions are doing tell yourself the story. re-engineer your mind Think outside the box. I’ve been dropping nuggets for guys all week...retail trading methods don’t...
Million Dollar suggestion
WARNING: This post warps space and time in its vicinity.
  • #537,893
  • Jul 23, 2020 10:31am Jul 23, 2020 10:31am
Quoting WizardTrade
{quote} All I know is "That is not me ". Why worry? PS: Good question BTW
is because the dollar is very cheap for china
uj is a pair that sometimes only influences gold and nothing else.
  • #537,894
  • Jul 23, 2020 10:31am Jul 23, 2020 10:31am
Quoting Neil0163
Over shoot of demand. massive Imbalance formed. everyone been buying all week Asia NY it was only London that sold off yesterday for NY to buy and guess what they did the same today. London sold off to induce sellers and fetch more demand to give NY Best Buy prices. candle stick patterns chart patterns indicators its all retail horse crap. learn to see price different. look what the sessions are doing tell yourself the story. re-engineer your mind Think outside the box. I’ve been dropping nuggets for guys all week...retail trading methods don’t...
If you had a brain for charts patterns most likely you would use them too...Einstain...
Always trade your own plan...I don't provide trading signals.
  • #537,895
  • Jul 23, 2020 10:32am Jul 23, 2020 10:32am
Thanks
  • #537,896
  • Jul 23, 2020 10:33am Jul 23, 2020 10:33am
Quoting Guztro
{quote} I trade what I see, I generally manage 200 pips daily across multiple pairs. But as I said, I understand fundamentals well, and I read more than I trade. My trading strategy is Elliott Wave, and all my scalps are in the same direction as my swing analysis. I'm no way the best trader here, if you want good EW analysis, look for posts from Coreg2004. Cheers Guz
Thanks
  • #537,897
  • Jul 23, 2020 10:35am Jul 23, 2020 10:35am
Quoting Marcieny
{quote} is because the dollar is very cheap for china uj is a pair that sometimes only influences gold and nothing else.
or becAuse of riot everywhere in USA?
row row row your boat
  • #537,898
  • Edited 10:46am Jul 23, 2020 10:35am | Edited 10:46am
regardless of the fact there is a prev 1hr/2hr/4hr sw hi at the current dly hi and where price met some supply...3min had seen 11 consecutive green candles / 5min - 8 by the time price reached there so was overdue/due a red one !...price has now found demand at the prev sw hi's to 5min- 1hr ...1min hidden div set-up caught it.. see 1min below. Current wkly hi 2767 above the current dly hi and then that 3 fib cluster 2774-88 before the zone leading up to 2813 major swing hi to daily and a weekly swing hi too.
Attached Image
Trader with an Edge.
  • #537,899
  • Jul 23, 2020 10:39am Jul 23, 2020 10:39am
Quoting Guztro
{quote} I trade what I see, I generally manage 200 pips daily across multiple pairs. But as I said, I understand fundamentals well, and I read more than I trade. My trading strategy is Elliott Wave, and all my scalps are in the same direction as my swing analysis. I'm no way the best trader here, if you want good EW analysis, look for posts from Coreg2004. Cheers Guz
thanks Guz, and welcome back ...currently I moved my office to shahab8b thread...
Always trade your own plan...I don't provide trading signals.
  • #537,900
  • Jul 23, 2020 10:42am Jul 23, 2020 10:42am
Quoting Coreg2004
{quote} If you had a brain for charts patterns most likely you would use them too...Einstain...
Lol stick to your flags you weasel I started out with chart patterns but what do I know with my funded account
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