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Cable Update (GBPUSD)

  • #539,801
  • Jul 31, 2020 3:46am Jul 31, 2020 3:46am
Quoting mkvy
This forum should be renamed to 'Forex trading for Dummies", (Good Morning team)
Ahhhhh thanks mkvy, had a good laugh about that comment..
Don't Leave Money on the Table
  • #539,802
  • Jul 31, 2020 3:48am Jul 31, 2020 3:48am
Quoting Moty
{quote} o.k let's me ref raze that , i will buy the break of last hourly high
thanks... dont do that.
not sure about buying into big daily supply zone..
but, its demo... so do whatever you want.
  • #539,803
  • Jul 31, 2020 3:50am Jul 31, 2020 3:50am
Quoting Headland
... 30min bullish hidden div is developing so long as price stays above that last 4hr sw at 3068...some way above always better. As expressed above, I wonder how serious the bulls are now on last day of month re position squaring etc ? ....Eu Flash Q2 gdp and cpi @ 10am London.
I sold off @ 3140 thinking along the same lines...
It'll take some effort now to go higher than 3145 IMO.....could be wrong
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Don't Leave Money on the Table
  • #539,804
  • Jul 31, 2020 3:57am Jul 31, 2020 3:57am
Quoting HaLBot
{quote} I sold off @ 3140 thinking along the same lines... It'll take some effort now to go higher than 3145 IMO.....could be wrong {image}

I did similar on the reg bear div set-ups there - timed on 3min at that 4hr sw hi zone...and yeh I tend to agree re continuation of bullish trend at this point but will continue to trade what I see and try not to let the 'it can't go any higher now surely?' thoughts seep into my brain lol ! I'm on the smaller t/f's so scalp targets and + if momentum, means I can get in and out and all the +5, +7's, +9's and quite a few B/e's etc add up.
Trader with an Edge.
  • #539,805
  • Jul 31, 2020 3:58am Jul 31, 2020 3:58am
the dollar is close to closing the gap

same scenario every hourly close... bears working hard 55 min, bulls clear it all in 5 min
  • #539,806
  • Jul 31, 2020 4:08am Jul 31, 2020 4:08am
Quoting gatenio
{quote} thanks... dont do that. not sure about buying into big daily supply zone.. but, its demo... so do whatever you want.
i don't believe
in res and sup any more .
that is why i lost all my money .
i tried to take short on res .
the bulls run is coming .
pending order on the break of 1.31440
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yes yes yes
  • #539,807
  • Jul 31, 2020 4:10am Jul 31, 2020 4:10am
Gold star to me for not commenting, i made a promise and i will keep to it.
  • #539,808
  • Edited 4:29am Jul 31, 2020 4:12am | Edited 4:29am
Quoting Moty
{quote} i don't believe in res and sup any more . that is why i lost all my money . i tried to take short on res . the bulls run is coming . pending order on the break of 1.31440{image}{image}
...but there is a higher probability of resistance being broken to the upside in a strong uptrend...you have to use potential supp/res in conjunction with overall price action conditions ie is price ranging or trending on the t//f it appears on and are these conditions replicated on t/f (s) above that? - ie is it a likely pullback in a higher t/f trend or are conditions the same as higher t/f (s) conditions? On it's own it's of less value.
Trader with an Edge.
  • #539,809
  • Jul 31, 2020 4:13am Jul 31, 2020 4:13am
Quoting Marco-Kanto
{quote} "Forex Trading for Dummies - now with bonus material! How to argue ineffectively in an online forum."
Yes
it is not worth going into professional debates because people do not follow ethical rules.
  • #539,810
  • Jul 31, 2020 4:14am Jul 31, 2020 4:14am
i think the sellin gis starting.
Might be a bit early but i will risk it.

SELL 3121
M5 chart
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in wondering about yourself, you forgot what you came here to be part of
  • #539,811
  • Jul 31, 2020 4:24am Jul 31, 2020 4:24am
Quoting HaLBot
{quote} I sold off @ 3140 thinking along the same lines... It'll take some effort now to go higher than 3145 IMO.....could be wrong {image}
re-joined you in the down move there - had to make a choice there re holding the long re the 30min bullish hidden div - timed as reg bull div on 1min or going with the 2min hidden bearish div @ the prev 10min sw lo zone = prev supp=pot res...and in light of our earlier thoughts - I reversed on that 2min set-up...all flat again now...ie out ahead of that 1st ppa = the prev 1hr sw hi zone at the prev 10min sw lo zone. 2min hidden bearish div there shown below.
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Trader with an Edge.
  • #539,812
  • Jul 31, 2020 4:27am Jul 31, 2020 4:27am
Done here for day and week....G/L all.
Trader with an Edge.
  • #539,813
  • Jul 31, 2020 4:29am Jul 31, 2020 4:29am
The
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  • #539,814
  • Jul 31, 2020 4:35am Jul 31, 2020 4:35am
Quoting mkvy
The {image} {image}
Where do I get a copy
Don't Leave Money on the Table
  • #539,815
  • Jul 31, 2020 4:37am Jul 31, 2020 4:37am
Quoting HaLBot
{quote} Where do I get a copy
Im still going through it, i just made it through the first word "The"
(LEVEL UP!)
  • #539,816
  • Jul 31, 2020 4:43am Jul 31, 2020 4:43am
Quoting Headland
{quote} ...but there is a higher probability of resistance being broken to the upside in a strong uptrend...you have to use potential supp/res in conjunction with overall price action conditions ie is price ranging or trending on the t//f it appears on and are these conditions replicated on t/f (s) above that? - ie is it a likely pullback in a higher t/f trend or are conditions the same as higher t/f (s) conditions? On it's own it's of less value.
look at those support , they are bulls trap
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this is the only way to trade , wait for retrace and take trade in the direction of the main trend
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yes yes yes
  • #539,817
  • Jul 31, 2020 4:44am Jul 31, 2020 4:44am
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it’s not playing ball here . Might be back in long . Watching it
  • #539,818
  • Jul 31, 2020 4:47am Jul 31, 2020 4:47am
Quoting elbert3
{image} it’s not playing ball here . Might be back in long . Watching it
eyeballing the very same thing
A trader is as good as his stop loss. Understand your mistakes.
  • #539,819
  • Jul 31, 2020 4:52am Jul 31, 2020 4:52am
short 1322

out - 10
Don't trade what you think. Just what you see!!!
  • #539,820
  • Jul 31, 2020 4:59am Jul 31, 2020 4:59am
are you ready ?
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yes yes yes
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