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Cable Update (GBPUSD)

  • #549,261
  • Sep 21, 2020 4:37am Sep 21, 2020 4:37am
Hi guys.. I am newbie in GBPUSD.. what should I do for beginner?
Golden Goose Return This Month: na
  • #549,262
  • Sep 21, 2020 4:44am Sep 21, 2020 4:44am
Quoting lampuah
Hi guys.. I am newbie in GBPUSD.. what should I do for beginner?
Understand you need an 'edge' for trading any instrument - howseoever derived...mostly technical in here - some fundamentally based. Understand what one is . Find yourself an edge, prove it works over a large sample of trades ..build up some stats on it, -and- learn the 'idiosyncrancies' of this particular pairing/instument....practice practice practice, screen time, screen time, screen time, ...no short cuts I'm afraid. That's it.
Trader with an Edge.
  • #549,263
  • Edited 5:54am Sep 21, 2020 4:50am | Edited 5:54am
Quoting BitcoinBoff
{quote} FUNNY !!!!!!!! PS Sorry, Im only typing this msg, after the fact that I already though abt it...lol...bwahahahaha!!! hope not too many guys got caught in BUYs with London Open @Moty: Im also looking for BUY, already had one 1.2840 to 1.2859 I will be careful to stay in BUY above 1.2887 Me thinks it might be a double distribution day in MP, price might just oscillate here until US, If you look at the clean split between the two M1 candles on 1.28911, when candles dont overlap in a move like this morning's, high probability price wont move...
Fast move. Surprising, yes. But I expected this move on Friday and it didn't happen, especially on EU. So I suspected it would happen today and it did. Sometimes you might get it right, but the timing is usually not in your control. I sold 2948 on Friday but it didn't drop fast and far enough. I close in profit just before the day ended. Well, just got to work and got busy only to check now to see the bull blood splattered all over the walls.
  • #549,264
  • Sep 21, 2020 4:50am Sep 21, 2020 4:50am
try to buy 1.284 again
sl 20
  • #549,265
  • Sep 21, 2020 5:12am Sep 21, 2020 5:12am
Quoting greengp
H 1 CHART {image}
The entire down move was taken with in two hours
  • #549,266
  • Sep 21, 2020 5:20am Sep 21, 2020 5:20am
... 4hr is below...2 near-term potential support zones below current price on this t/f, the lower one (green) to 2762 is a prev swing lo on the daily too ...daily s2 is circa 2811 depending on your broker times. That lower prev 4hr/dly sw lo to 2762 comes at/in that prev dly/wkly sw hi=prev res=pot rbs zone that likely extends down to 2746 on dly and likely 2669 on wkly.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #549,267
  • Sep 21, 2020 5:22am Sep 21, 2020 5:22am
morning ,. omg cheer cheer i was out for my long b4 go to bed,.
  • #549,268
  • Sep 21, 2020 5:24am Sep 21, 2020 5:24am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: dx1.png Size: 29 KB
yes yes yes
  • #549,269
  • Sep 21, 2020 5:24am Sep 21, 2020 5:24am
Good move by the bears.
  • #549,270
  • Sep 21, 2020 5:28am Sep 21, 2020 5:28am
...as 30 min before it we had the whole reversal candle body close outside 20bol on 1hr (inverted hammer on both.) 1hr below. Bulls are trying? Swimming against the tide atm though.
Attached Image
Trader with an Edge.
  • #549,271
  • Sep 21, 2020 5:40am Sep 21, 2020 5:40am
Quoting gatenio
try to buy 1.284 again sl 20
sl on +2 again..
bulls struggle, still believe they will reverse it some
  • #549,272
  • Sep 21, 2020 5:54am Sep 21, 2020 5:54am
Quoting gatenio
{quote} sl on +2 again.. bulls struggle, still believe they will reverse it some
...good move. I did ok on the 1st long but when it struggled at the 1st 1hr ppa I closed it, longed again on close of 30min inverted hammer then the 1hr inverted hammer and they struggled too below that 1st ppa so closed for small gains...if it flies thru the 1st ppa I will hold but otherwise not (generally you'll see a counter hidden div opp to get back 'with move/trend' at them on the 1min + t/f's but- it's my 1st counter move/trend target. (1st ppa in this case being that prev 1hr/4hr sw lo zone to 2865-77) which it tested at the bottom of it and found supply at on 1st move up from current bottom. G/L with it.
Trader with an Edge.
  • #549,273
  • Sep 21, 2020 6:02am Sep 21, 2020 6:02am
Quoting Headland
{quote} ...good move. I did ok on the 1st long but when it struggled at the 1st 1hr ppa I closed it, longed again on close of 30min inverted hammer then the 1hr inverted hammer and they struggled too below that 1st ppa so closed for small gains...if it flies thru the 1st ppa I will hold but otherwise not (generally you'll see a counter hidden div opp to get back 'with move/trend' at them on the 1min + t/f's but- it's my 1st counter move/trend target. (1st ppa in this case being that prev 1hr/4hr sw lo zone to 2865-77) which it tested at the bottom...
thank u and the bulls.
think they will manage to fight over 1.287 until current hour close
so it's still scalping for me and i could drop it anytime. atm+18.. move sl to +5 cause it still bearish flag.
  • #549,274
  • Sep 21, 2020 6:24am Sep 21, 2020 6:24am
Quoting Roszey
Hourly SW.. Maybe the market will want to continue its sell move it started from last Friday.. {image}
Everything worked has planned
Attached Image (click to enlarge)
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Le$$ I$ More
  • #549,275
  • Sep 21, 2020 6:28am Sep 21, 2020 6:28am
Will we see today 1.29 again?
  • #549,276
  • Sep 21, 2020 6:29am Sep 21, 2020 6:29am
bought GU at 2861
Intraday only.
  • #549,277
  • Sep 21, 2020 6:32am Sep 21, 2020 6:32am
Quoting LadyAmira
Will we see today 1.29 again?
possibility is little
  • #549,278
  • Sep 21, 2020 6:34am Sep 21, 2020 6:34am
Quoting navk
bought GU at 2861
the sell power is still very strong it might break the low and go extra 100pips
  • #549,279
  • Sep 21, 2020 6:36am Sep 21, 2020 6:36am
My long stand: 2783
Le$$ I$ More
  • #549,280
  • Sep 21, 2020 6:44am Sep 21, 2020 6:44am
Quoting epzero
{quote} the sell power is still very strong it might break the low and go extra 100pips
i have long signal. If it changes, i will reverse.
Intraday only.
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