Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#542,701
Aug 14, 2020 10:30am Aug 14, 2020 10:30am

kuroro001
Joined Jul 2007 | Status: Trader | 17,796 Posts

Quoting Bones

Disliked

I made it up , people use % all the time @ beginning of the week someone gave 95% it will hit 1.3 ,he didn't want to expand on any time frame so I guess he will be right {quote}

Ignored

So i'm right saying we'll hit 100% 1,32 or 1,29 in a near future
Love the %

COT: The precious data ignored

#542,702
Aug 14, 2020 10:31am Aug 14, 2020 10:31am

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts

You can't trust that GMT h4 as bearish like before ,

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On-site guru & also FF member's' psychiatrist, when not drinking tea

#542,703
Aug 14, 2020 10:33am Aug 14, 2020 10:33am

Siame
| Joined Feb 2019 | Status: Trader | 309 Posts

Quoting gatenio

Disliked

the big orders is 2840-2880, then you will see the real bull, this is not an advice to sell it

Ignored

It's a Bullish Trend, 2840 is too far a retracement in this Dollar sell-off momentum. Nothing is impossible though.
Not ruled out.

#542,704
Aug 14, 2020 10:38am Aug 14, 2020 10:38am

guestfromeast
| Joined Apr 2006 | Status: Trader | 111 Posts

Weekly range upto the moment is just 137... i think there is still a room for a nice move up to 1.32 and above.

#542,705
Aug 14, 2020 10:38am Aug 14, 2020 10:38am

seincard
| Joined Aug 2006 | Status: Trader | 397 Posts

Quoting Bones

Disliked

You can't trust that GMT h4 as bearish like before , {image}

Ignored

#542,706
Aug 14, 2020 10:49am Aug 14, 2020 10:49am

Bydyke
| Joined Sep 2009 | Status: Trader | 1,252 Posts

Quoting Gym4life

Disliked

{quote} Hi Moty. Glad you are here and i can tell you that you are good trader....

Ignored

One does not become a good trader just because one has a good system. It is what one does with the system that
matters

#542,707
Aug 14, 2020 10:51am Aug 14, 2020 10:51am

OxyGen_FX
| Joined Aug 2012 | Status: Trader | 524 Posts

Quoting kuroro001

Disliked

{quote} I tend to agree and disagree You know you can be profitable just by using a simple MA strategy (either a special cross, or if the price moves away from it you buy/Sell, etc...) The rest is mostly the money management. Finding a good system depends on a few things. Your capital, the amount you are willing to gain/lose, scalpers/intraday/swing trading, the time you spend on your screen, etc...Once you know those parameters, the system can be build. If a system fails for you, but work for others, then you are the problem and i can understand...

Ignored

I like your quote ""If a system fails for you, but work for others, then you are the problem"".

I am also a novice trader, and thanks for taking the time to explain.
And adding to the points you mentioned, I would like to view that the "trader"and the "system" is must be combined as one.
Money management, risk tolerance, capital, position size, amount of available screen time, etc, should all be part of the trading system.

#542,708
Aug 14, 2020 10:53am Aug 14, 2020 10:53am

HBN08
Joined Mar 2020 | Status: unity | 1,097 Posts

Hey guys im expecting a down move in minutes head n shouldrs forming?
m15
Good weekend to all

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#542,709
Edited 12:57pm Aug 14, 2020 10:53am | Edited 12:57pm

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

I love this wick

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Now i am really love it

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yes yes yes

#542,710
Aug 14, 2020 11:01am Aug 14, 2020 11:01am

Siame
| Joined Feb 2019 | Status: Trader | 309 Posts

Quoting Siame

Disliked

This is a 3rd Test. A break is imminent. {image}

Ignored

We just need to close ABOVE this level. Once 1.31 is secure, should keep the Bears at bay for another Week.

#542,711
Aug 14, 2020 11:20am Aug 14, 2020 11:20am

joesherwood
Joined Oct 2019 | Status: Trader | 1,245 Posts

1 trade for me today. Nothing amazing. Got two running nicely with SL at BE.

have a good weekend all

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#542,712
Aug 14, 2020 11:31am Aug 14, 2020 11:31am

Whale
Joined Jun 2013 | Status: Trader | 14,544 Posts

Quoting Siame

Disliked

{quote} It's a Bullish Trend, 2840 is too far a retracement in this Dollar sell-off momentum. Nothing is impossible though. Not ruled out.

Ignored

it is, all 1h,4h,daily,weekly are bullish.
im all bullish bias, 1.357 and higher, but we need retrace, deep one.
daily below 1.3095 will give me more confidence with the retrace.

time will tell brother..

if you read my earlier post, i said base on weekly, first 1.295 can pop it up, if not then 50-100 pips more down.
i wont sell below 1.295 for sure!

#542,713
Aug 14, 2020 12:34pm Aug 14, 2020 12:34pm

Gym4life
| Joined Jul 2020 | Status: Trader | 160 Posts

Quoting gatenio

Disliked

{quote} it is, all 1h,4h,daily,weekly are bullish. im all bullish bias, 1.357 and higher, but we need retrace, deep one. daily below 1.3095 will give me more confidence with the retrace. time will tell brother.. if you read my earlier post, i said base on weekly, first 1.295 can pop it up, if not then 50-100 pips more down. i wont sell below 1.295 for sure!

Ignored

Had short 3 times. 3 times you said bullish. 3 times closed out My short trades. 3 times went long and Had profit. Just needed to write this

��
we need even small retrace to pop up like rooocket

#542,714
Aug 14, 2020 12:42pm Aug 14, 2020 12:42pm

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

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yes yes yes

#542,715
Aug 14, 2020 12:47pm Aug 14, 2020 12:47pm

Olabanji-Tex
| Joined Feb 2018 | Status: Trader | 131 Posts

Hello guys,

I have attached an image of the 4 hr chart.

Could this be a head and shoulders pattern developing on the chart?

Please share your views.

Thanks for your views.

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#542,716
Aug 14, 2020 1:00pm Aug 14, 2020 1:00pm

seincard
| Joined Aug 2006 | Status: Trader | 397 Posts

Quoting Olabanji-Tex

Disliked

Hello guys, I have attached an image of the 4 hr chart. Could this be a head and shoulders pattern developing on the chart? Please share your views. Thanks for your views. {image}

Ignored

maybe cup & handle , but not sure,

we need more time ...

good luck

#542,717
Aug 14, 2020 1:03pm Aug 14, 2020 1:03pm

Gym4life
| Joined Jul 2020 | Status: Trader | 160 Posts

Quoting Moty

Disliked

{image}{image}

Ignored

Hey friend. Try to change colour of the candle to the same. All black. This is psychological tip, you will see something in different way

#542,718
Aug 14, 2020 1:04pm Aug 14, 2020 1:04pm

de5151
| Joined Mar 2017 | Status: Trader | 169 Posts

Quoting Olabanji-Tex

Disliked

Hello guys, I have attached an image of the 4 hr chart. Could this be a head and shoulders pattern developing on the chart? Please share your views. Thanks for your views. {image}

Ignored

Probably, but it is clearer on the daily chart.

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