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Cable Update (GBPUSD)

  • #548,301
  • Edited 9:47am Sep 15, 2020 9:24am | Edited 9:47am
Also we have a lot of confluence at the high ,which I pointed to before the fall.
as I said thats just a long wicked reversal theres no candle pattern there, other than the wick, until the inverted off support
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  • #548,302
  • Sep 15, 2020 9:26am Sep 15, 2020 9:26am
Quoting kuroro001
{quote} 30 pips is crashing? you should have traded 2008/2010 back then, you would have understood how it is to trade volatility
60 pips for EUR isn't small nowadays. 200 for gold is not huge, but it broke momentum going from yesterday. I look at hourly, the graph is not pretty.
  • #548,303
  • Sep 15, 2020 9:29am Sep 15, 2020 9:29am
Quoting VM.
{quote} 60 pips for EUR isn't small nowadays. 200 for gold is not huge, but it broke momentum going from yesterday. I look at hourly, the graph is not pretty.
if you like big moves, just trade coffee (1600 pips within 2 days)
Else Forex is nice, but boring (especially EU)
COT: The precious data ignored
  • #548,304
  • Sep 15, 2020 9:31am Sep 15, 2020 9:31am
Quoting kuroro001
{quote} 30 pips is crashing? you should have traded 2008/2010 back then, you would have understood how it is to trade volatility
About volatility, I am fine with what pound gives me. Not sure I want much more, it's not healthy.
  • #548,305
  • Sep 15, 2020 9:31am Sep 15, 2020 9:31am
Quoting Alorente
{quote} Great work Moty !!! You are calling them with pin point accuracy. Do you mind sharing your Daily/Weekly support/resistance indi? I like the way it looks on your chart. Thanks.

here , take the all template
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File Type: mq4 auto pivots.mq4   31 KB | 371 downloads
File Type: ex4 fxr_sr_zones_3.35.ex4   79 KB | 418 downloads
File Type: ex4 MA-in-Color_wAppliedPrice_v3.ex4   6 KB | 372 downloads
File Type: tpl pivot.tpl   24 KB | 336 downloads
yes yes yes
  • #548,306
  • Sep 15, 2020 9:35am Sep 15, 2020 9:35am
Quoting Almo2312
Buy 3 for 15 . Green pips to all
closed -15 i dont feel comfortable with the positions

green pips all
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #548,307
  • Sep 15, 2020 9:40am Sep 15, 2020 9:40am
Quoting VM.
{quote} EUR and gold are crashing hard, you think these are traps?
it's only retracement my friend
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yes yes yes
  • #548,308
  • Edited 9:55am Sep 15, 2020 9:43am | Edited 9:55am
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yes yes yes
  • #548,309
  • Sep 15, 2020 9:47am Sep 15, 2020 9:47am
short for me for some pips

cheers
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #548,310
  • Sep 15, 2020 9:51am Sep 15, 2020 9:51am
Clear indication that bears are all out for friday low.
However support could still be active at 1.28150. Otherwise once broken price could be open for a dive.
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Keep the Lights on then you can catch the rise from the dark.
  • #548,311
  • Sep 15, 2020 10:03am Sep 15, 2020 10:03am
Quoting corongumet
I have sell @1.2906 SL: 1.2926 TP: 1.2870 maximum 1.2838 {image}
I want to long if not retrace 100% of my fibonacci

My attention 1.2838, TP open
  • #548,312
  • Sep 15, 2020 10:12am Sep 15, 2020 10:12am
Quoting corongumet
{quote} I want to long if not retrace 100% of my fibonacci My attention 1.2838, TP open
the reversal is here
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yes yes yes
  • #548,313
  • Sep 15, 2020 10:15am Sep 15, 2020 10:15am
Quoting Moty
{quote} the reversal is here {image}
Thanks Moty. But volume tell me everything
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  • #548,314
  • Sep 15, 2020 10:22am Sep 15, 2020 10:22am
Quoting nessus94
I am starting to sell 1,2908
Quoting nessus94
more shorts 1,2920
thank you mister market
Make money by doing the opposite of Giveachance aka loser
  • #548,315
  • Edited 10:55am Sep 15, 2020 10:43am | Edited 10:55am
Its possible for Taking Profit. Im out for today
1.2995
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  • #548,316
  • Sep 15, 2020 10:44am Sep 15, 2020 10:44am
Gold seems slumbering right now, the chat arent nice looking
  • #548,317
  • Sep 15, 2020 11:45am Sep 15, 2020 11:45am
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yes yes yes
  • #548,318
  • Sep 15, 2020 11:49am Sep 15, 2020 11:49am
Quoting Wavegarrick
{quote} Hi Guys, Full 4hr bullish confirmation signals for me and I continue buying retraces. I see my weekly pivot at 1.29420 as a first target and hopefully, a breach will send us higher. Early days. Trade safe Cheers. {image}
Hi Guys,
Trading never easy is it?. They will confuse the living shit out of you. These deep retraces are common with swing reversals aka stop hunts, manipulation, and so forth. I have had numerous trail stops taken out today but also have re-entered buy trades. For me, remaining calm and patient is of the utmost importance, when these things happen.

Price touched my daily open and has been up since then. We shall see.

Trade safe
Cheers.
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Trade to trade another day
  • #548,319
  • Sep 15, 2020 12:28pm Sep 15, 2020 12:28pm
love this pair....grinding continue...
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  • #548,320
  • Edited 1:29pm Sep 15, 2020 1:16pm | Edited 1:29pm
...likely to be another bullish daily candle now ..certainly on my broker timings....(gmt+3) Relatively subdued pip range so far today - 112 still decent @ 88% of 30 day adr. As Wg intimated in his post above - just that type of day. 4hr has now seen 2 x fractal HL's now and starting with the effective current weekly lo just above Friday's low the 1st HL, a H, 2nd HL and a HH... and could be a 3rd HL depending on close of this 4hr candle....

I guess a lot are waiting for the selling to start again to see a downside follow thru on last week's bearish weekly candle ? 1hr is below, showing the asc t/line and 76.4% / DP bounce at the current pullback lo off the current daily hi. Rangy-bullish on this t/f atm.

I'm treating the friday lo as a fractal L now on the daily t/f even though strictly it isn't (re the candle config) ...this is because the gap down from fri close may/almost certainly was all broker spread widening at open and if this was the case there would be a wick on Mon's candle at bottom making that swing a true fractal...daily is below and this can be seen - so we have a fractal swing L now below the last 3 x HL's in that t/f's general PA uptrend. A 2nd LH - if it occurs would have to come below 3034.
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