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Cable Update (GBPUSD)

  • #542,901
  • Aug 17, 2020 8:37am Aug 17, 2020 8:37am
no
  • #542,902
  • Aug 17, 2020 8:38am Aug 17, 2020 8:38am
Quoting Ksth
{quote} Hmmm. I don't know how to explain. I just can said it will back to 1.303 or 1.302 to find support there... Hehe I just find that forex everyday 30 to 40 pips. Can be very good income. Instead of aiming 200 to 300 pips. {image}
true you have a point. Your entries have to be good to catch those pips daily.
Le$$ I$ More
  • #542,903
  • Aug 17, 2020 8:39am Aug 17, 2020 8:39am
Quoting gatenio
{quote} 5 pips w/o spread with all your margin or you can calc it differently you will get 1m in 142 trading day. started with 1000 CHF im with 24K CHF after 61 days on my swiss account. PATIENCE IS VIRTUE {image} {image}
i see you have a coding background..
Le$$ I$ More
  • #542,904
  • Aug 17, 2020 8:42am Aug 17, 2020 8:42am
Quoting Roszey
{quote} true you have a point. Your entries have to be good to catch those pips daily.
possible if one trades only frankfurt and London opens.

And once target is met, quit trading for the day
Intraday only.
  • #542,905
  • Aug 17, 2020 8:50am Aug 17, 2020 8:50am
Quoting OxyGen_FX
GU stuck in a horizontal 30pips range since week opening. Same for EU. Actually, all the action are in the Yen pairs.
While GU stays in 30pips horizontal range for Asia, London and now mid NY session, see what GBPJPY has been up to since Asia.
(GBPJPY 4 hr chart)
Attached Image
  • #542,906
  • Aug 17, 2020 8:50am Aug 17, 2020 8:50am
Quoting navk
{quote} possible if one trades only frankfurt and London opens. And once target is met, quit trading for the day
You are right. you are the man!!.

i have been working on a new code for intraday trading. One good member here taught me something about Frankfurt and London Open.
Le$$ I$ More
  • #542,907
  • Aug 17, 2020 9:00am Aug 17, 2020 9:00am
Quoting pipfarm
4 hour dip , double correction, ready to go UP {image}
if its elliott plz tell me what is "x" in chart?
  • #542,908
  • Aug 17, 2020 9:20am Aug 17, 2020 9:20am
Quoting OxyGen_FX
While GU stays in 30pips horizontal range for Asia, London and now mid NY session, see what GBPJPY has been up to since Asia. (GBPJPY 4 hr chart) {image}
Gearing up for 142 then 144, after hitting the first resistance at 140.

Probably Pound will resume its Bullishness this week.
  • #542,909
  • Aug 17, 2020 9:32am Aug 17, 2020 9:32am
Quoting emannnn
{quote} if its elliott plz tell me what is "x" in chart?
Its not necessarily elliott wave , sometimes a period of consolidation will have two corrective swings joined together by the x swing
Follow The Markets Structure - Patience and Discipline
  • #542,910
  • Aug 17, 2020 10:07am Aug 17, 2020 10:07am
Quoting Roszey
{quote} i see you have a coding background..
or you can take 4 trades.
this is your strategy , sl is at 2 to 1 win/ loss ratio
Attached Image(s) (click to enlarge)
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yes yes yes
  • #542,911
  • Aug 17, 2020 10:08am Aug 17, 2020 10:08am
if 4H candle close above the white line i will buy to target 1.3250 to 1.3350
Attached Image (click to enlarge)
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  • #542,912
  • Aug 17, 2020 10:10am Aug 17, 2020 10:10am
GU still a sell above 3100...with a first target of 2800, SL above 3200.
Everyone can see the chart, but only a few can actually read it.
  • #542,913
  • Aug 17, 2020 10:18am Aug 17, 2020 10:18am
Tight squeeze
Attached Image (click to enlarge)
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Attached Image
  • #542,914
  • Aug 17, 2020 10:28am Aug 17, 2020 10:28am
Price is at 1.3109 on GBPUSD chart.

Guys, is it a good time to buy?

Thanks for your opinions.
  • #542,915
  • Aug 17, 2020 10:29am Aug 17, 2020 10:29am
all out !!!!
a wonderfull day
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 28 KB
yes yes yes
  • #542,916
  • Aug 17, 2020 10:36am Aug 17, 2020 10:36am
Quoting Moty
all out !!!! a wonderfull day {image}
IF you have captured all those pips as per your picture, it is wonderful.

And you did better than me.
Intraday only.
  • #542,917
  • Aug 17, 2020 10:45am Aug 17, 2020 10:45am
Hi Guys,
Buy trades opened today. I still remain bullish with a perfect bounce off my weekly pivot at 1.30843. We are trading in a symmetrical triangle and a breakout either way imminent.
Cheers.
Attached Image (click to enlarge)
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Trade to trade another day
  • #542,918
  • Aug 17, 2020 10:45am Aug 17, 2020 10:45am
Quoting Moty
all out !!!! a wonderfull day {image}
  • #542,919
  • Aug 17, 2020 10:48am Aug 17, 2020 10:48am
Quoting Wavegarrick
Hi Guys, Buy trades opened today. I still remain bullish with a perfect bounce off my weekly pivot at 1.30843. We are trading in a symmetrical triangle and a breakout either way imminent. Cheers. {image}
Attached Image (click to enlarge)
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yes yes yes
  • #542,920
  • Aug 17, 2020 10:49am Aug 17, 2020 10:49am
Quoting Moty
still greedy. moves tp to 1.31090 {image} {image}
some more tips for you Moty
Attached Image (click to enlarge)
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Intraday only.
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