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Cable Update (GBPUSD)

  • #537,981
  • Jul 23, 2020 9:53pm Jul 23, 2020 9:53pm
and usually, a buy pattern is...

when the daily is strong buy, a drop to daily S1, needs to be bought.

TP is R1 next day,

This is usually 100 pips.

Just look. 22 nd july drop below S1 and then closer to R1 next day, 23 rd july, 100 pips.

same way , 23 rd july drop to s1 and today 24 th july R1, 100 pips.

Just take out emotions, and trade this and capture 50 pips ..

ha..ha... easier said.
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Intraday only.
  • #537,982
  • Jul 23, 2020 10:12pm Jul 23, 2020 10:12pm
Quoting navk
and usually, a buy pattern is... when the daily is strong buy, a drop to daily S1, needs to be bought. TP is R1 next day, This is usually 100 pips. Just look. 22 nd july drop below S1 and then closer to R1 next day, 23 rd july, 100 pips. same way , 23 rd july drop to s1 and today 24 th july R1, 100 pips. Just take out emotions, and trade this and capture 50 pips .. ha..ha... easier said. {image}
There seems to be some sort of a trend yea.
Tokyo - Sell
London - Sell
New York - Buy
  • #537,983
  • Jul 23, 2020 10:16pm Jul 23, 2020 10:16pm
Quoting larrychew
{quote} There seems to be some sort of a trend yea. Tokyo - Sell London - Sell New York - Buy
I would put it like this :

Tokyo and Frankfurt : buy

London : sell

NY : bUY.

Vice versa....

kind of pattern on zigzag days.

on strong trending day, this pattern big no
Intraday only.
  • #537,984
  • Jul 23, 2020 10:19pm Jul 23, 2020 10:19pm
Quoting navk
{quote} I would put it like this : Tokyo and Frankfurt : buy London : sell NY : bUY. Vice versa.... kind of pattern on zigzag days. on strong trending day, this pattern big no
Yea its looks like that for the past few days.
Pretty decent strategy actually.
  • #537,985
  • Jul 23, 2020 10:25pm Jul 23, 2020 10:25pm
Quoting larrychew
{quote} Yea its looks like that for the past few days. Pretty decent strategy actually.
and buying below s1 or selling above R1,

You can avoid big floating loss on most of days.

And rest assured, most of dayS, you will end up in profit.

But on strong trending days, big NO
Intraday only.
  • #537,986
  • Jul 23, 2020 10:47pm Jul 23, 2020 10:47pm
We have broken resistance. There may be shorts rn but overall price must seek next liq level for balance. Price is empty rn after breaking resistance. It may pullback but overall must go higher to fill the void.
I will be looking for buys in NY session. I see us headed to 1.29 min then see from there. Overall weakening in usd, but that doesn't mean price won't pullback.see you in NY session. I am enjoying a few vottle of wine rn with my SO
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #537,987
  • Jul 23, 2020 10:48pm Jul 23, 2020 10:48pm
Morning Everyone,

1.263967 looks really vacant.. Should we get that handle today, I am buying the crap out of it..

TGIF squard
StaySafe
  • #537,988
  • Edited 11:13pm Jul 23, 2020 10:55pm | Edited 11:13pm
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yes yes yes
  • #537,989
  • Jul 23, 2020 11:30pm Jul 23, 2020 11:30pm
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yes yes yes
  • #537,990
  • Jul 23, 2020 11:34pm Jul 23, 2020 11:34pm
Quoting mastersplint
We have broken resistance. There may be shorts rn but overall price must seek next liq level for balance. Price is empty rn after breaking resistance. It may pullback but overall must go higher to fill the void. I will be looking for buys in NY session. I see us headed to 1.29 min then see from there. Overall weakening in usd, but that doesn't mean price won't pullback.see you in NY session. I am enjoying a few vottle of wine rn with my SO
enjoy the wine, I am missing all those.

Intraday only.
  • #537,991
  • Jul 23, 2020 11:35pm Jul 23, 2020 11:35pm
4H update... Oh Man... I'd love to put this to bed before the weekend haha!
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Emotional Control. Process, not outcome.
  • #537,992
  • Jul 24, 2020 12:12am Jul 24, 2020 12:12am
so annoying that instead i will be with the original 100 $ that i meant to take on Monday , i am in a loos just because dx wanted to checked 94.595 support ,so annoying
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yes yes yes
  • #537,993
  • Jul 24, 2020 12:15am Jul 24, 2020 12:15am
Quoting navk
{quote} not likely to go below 2725/2710 today Dips to be bought today. IMO
your prices are like magnet keep up the good work
  • #537,994
  • Jul 24, 2020 12:37am Jul 24, 2020 12:37am
s&p is going to break major trend line , so dx is going to fly
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yes yes yes
  • #537,995
  • Jul 24, 2020 12:37am Jul 24, 2020 12:37am
momentum for week is up
Look what the sessions are doing.
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  • #537,996
  • Jul 24, 2020 12:54am Jul 24, 2020 12:54am
Quoting Moty
so annoying that instead i will be with the original 100 $ that i meant to take on Monday , i am in a loos just because dx wanted to checked 94.595 support ,so annoying {image} {image}
Moty I think all you need to do is add a motto to your post..

eg.. Moty Motto "Hope springs eternal"
  • #537,997
  • Jul 24, 2020 1:08am Jul 24, 2020 1:08am
Quoting navk
{quote} not likely to go below 2725/2710 today Dips to be bought today. IMO
Hey navk, be careful since espero quoted you. He'll blame you too if prices go lower.......
Lost....
  • #537,998
  • Jul 24, 2020 1:11am Jul 24, 2020 1:11am
Half profit taken here let the other half run with stop at BE
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  • #537,999
  • Jul 24, 2020 1:12am Jul 24, 2020 1:12am
G/M…staying on hols here for another 2 weeks but will be trading short sessions whilst here.
Yesterday’s daily candle was another hanging man (ish) candle ? Price reached a 2760 high and pulled back to the 38.2% of yesterday’s lo-hi (that 2760) move before finding more demand there and a move to current daily hi at base of that 2774-2788 3 fib cluster before a move down to DP area and 2 x fibs of the moves up from weds and thurs's lo's to today's current hi....In that 3 fib cluster 2776 is Dly R1.

Ema’s 15min - 4hr are all crossed up 20/50/100, 5min crossed down.

Trend remains a general uptrend 1hr/2hr/4hr/dly.

Price so far this week 93% of 13 week awr, and 78% of 3 month amr so far this month.
Trader with an Edge.
  • #538,000
  • Jul 24, 2020 1:15am Jul 24, 2020 1:15am
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yes yes yes
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