Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

Last Post
1 27861 27862 Page 27863 27864 27865 43750
1 Page 27863 43750

#557,241
Edited 9:37am Nov 5, 2020 9:25am | Edited 9:37am

ryuryu
Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts

Quoting EXpRINCE

Disliked

{quote} co-relation is so important. it increases your strike or win rate.You will never get disappointed on that 1. i use it everyday,whether i am swinging or day trading. But the trick is figuring how to group currency pairs,which currency pairs to group together. (The traditional/standard or common advised traditional currency pair corelation,is a jokeand doesnt work most times).

Ignored

Hi! Could you please explain? I use for example eurusd, gbpusd, audusd vs usdcad, usdjpy, usdchf. In this setup usdjpy is jumping randomly )) but if *usd up, usd* down mostly... Am I wrong?

p.s. for example today all 3 *usd up and all 3 usd* down.

Observer effect

#557,242
Nov 5, 2020 9:26am Nov 5, 2020 9:26am

Barnell
| Membership Revoked | Joined Oct 2020 | 1,823 Posts

Quoting HBN08

Disliked

{quote} Stoped

Ignored

Wow, you like it real tight eh?

USD is getting sold, but GBP is also not that strong. This upmove is due to USD weakness rather than GBP strength. Let's see what happens..

Bears could still drive this back to 1.3000 lol. Cable is mad.

I will tear the world apart for you.

#557,243
Nov 5, 2020 9:27am Nov 5, 2020 9:27am

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

Quoting Barnell

Disliked

{quote} Wow, you like it real tight eh? USD is getting sold, but GBP is also not that strong. This upmove is due to USD weakness rather than GBP strength. Let's see what happens.. Bears could still drive this back to 1.3000 lol. Cable is mad.

Ignored

Just when everybody talks about usd weakness, and then get stopped, it rises

Magic forex

COT: The precious data ignored

#557,244
Nov 5, 2020 9:28am Nov 5, 2020 9:28am

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

market in his best! enjoy watch it even im underwater!

#557,245
Nov 5, 2020 9:29am Nov 5, 2020 9:29am

kymz
| Joined Jan 2020 | Status: Trader | 115 Posts

it looks we are going down finally

#557,246
Nov 5, 2020 9:30am Nov 5, 2020 9:30am

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

Quoting Barnell

Disliked

{quote} Wow, you like it real tight eh? USD is getting sold, but GBP is also not that strong. This upmove is due to USD weakness rather than GBP strength. Let's see what happens.. Bears could still drive this back to 1.3000 lol. Cable is mad.

Ignored

stoped in gu but aud still open..
I was not expecting one more stops run and i got stoped

#557,247
Nov 5, 2020 9:30am Nov 5, 2020 9:30am

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

the drop is here

Attached Image (click to enlarge)

Click to Enlarge

Name: dx1.png
Size: 53 KB

yes yes yes

#557,248
Nov 5, 2020 9:31am Nov 5, 2020 9:31am

gespiri
Joined Oct 2011 | Status: Lost.... | 2,384 Posts

Quoting Coreg2004

Disliked

{quote} Moty, you know you always have to catch an extension in 5th? That's your "luck"... {image} {image}

Ignored

C2004, I have W-4 ending at 1.3040 - 1.3075. Do you have the same thing??

Lost....

#557,249
Nov 5, 2020 9:31am Nov 5, 2020 9:31am

fxmasterdxb
Joined May 2012 | Status: Senior Member | 3,058 Posts

Quoting Moty

Disliked

the drop is here {image}

Ignored

Yes moty, we need your hammer

#557,250
Nov 5, 2020 9:33am Nov 5, 2020 9:33am

TerpFan2
| Joined Aug 2006 | Status: Terrapin Pipper | 1,186 Posts

"Tripple Top,"

On the 5, 15, etc, at END of WAVE Completion,
Here we go South, i 'Pray', Boys & Girls...
-We shall see.

Attached Image (click to enlarge)

Click to Enlarge

Name: 11_5_2020 GU Taken SOUTH_w_Tripple Top on the 5 and 15 Min Charts and End Of Wave 5 of Wave 3 or.png
Size: 39 KB

I will work to Objectively Identify my Edges

#557,251
Nov 5, 2020 9:36am Nov 5, 2020 9:36am

EXpRINCE
| Joined Aug 2018 | Status: Senior | 123 Posts

Quoting ryuryu

Disliked

{quote} Hi! Could you please explain? I use eurusd, gbpusd and audusd and usdcad, usdjpy, usdchf. In this setup usdjpy is jumping random )) but if *usd up, usd* down mostly... Am I wrong? p.s. for exampe today all 3 *usd up and all 3 usd* down.

Ignored

Hi Ryuryu.

I dont trade audusd and usdcad + usdjpy + usdchf...sorry.(they are not liquid enough for me and offer very little returns,just my opinion)i could be wrong.

however i do trade Gbp Usd and EuroUsd.

The best corelation that always works for me is pairinng EuroUsd to certain UsExotic pairs.(i trade euro usd with those 2 exotic us pairs.)
I know absolutely for sure when those 2 exotics rise the Eurousd drops...vice versa.
Works all the time.

If they dont co relate or match up in movement,i am very wary of my Euro Usd trades or any of this positions..and i always wait for them to dance together.
and it works.

Insert..this has also helped me get out of very uncomfortable spots of not knowing absolutely the direction the EuroUsd will take or not knowing what the market in question is trying to do.By referring to what the 2 exotics are doing.

#557,252
Nov 5, 2020 9:37am Nov 5, 2020 9:37am

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

Quoting fxmasterdxb

Disliked

{quote} Yes moty, we need your hammer

Ignored

we need also somebody to phone home
Boris , or Donald , or maybe even bayden

Attached Image (click to enlarge)

Click to Enlarge

Name: gu1.png
Size: 30 KB

yes yes yes

#557,253
Nov 5, 2020 9:39am Nov 5, 2020 9:39am

Kampion
| Joined Aug 2018 | Status: Trader | 103 Posts

im staying out of this short. like i said before

You can do it!

#557,254
Nov 5, 2020 9:39am Nov 5, 2020 9:39am

EXpRINCE
| Joined Aug 2018 | Status: Senior | 123 Posts

Quoting TerpFan2

Disliked

"Tripple Top," On the 5, 15, etc, at END of WAVE Completion, Here we go South, i 'Pray', Boys & Girls... -We shall see. {image}

Ignored

that 15min triple top or bottom must allign with 4hr triple top or bottom sir or mam.

its not that quickly easy like you make it.

if this is confusing you just eliminate everything focus on the 4hr double or triple bottom or top.

ITS ALWAYS WISE TO FOLLOW THE 4HR TRIPLE TOP OR BOTTOM.

#557,255
Nov 5, 2020 9:41am Nov 5, 2020 9:41am

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

Quoting Moty

Disliked

{quote} we need also somebody to phone home Boris , or Donald , or maybe even bayden {image}

Ignored

all about 1.30720-1.3069 on h1, if it stand good bye.. it should fall cause it been tested 3 times, but it damn strong!

#557,256
Nov 5, 2020 9:44am Nov 5, 2020 9:44am

TerpFan2
| Joined Aug 2006 | Status: Terrapin Pipper | 1,186 Posts

Quoting gespiri

Disliked

{quote} C2004, I have W-4 ending at 1.3040 - 1.3075. Do you have the same thing??

Ignored

I "See" or -Got your 1.3040 Gespri...
You're right, she's "Stubborn" at the 23.6 right here,
Because of Normal End of WAVE-3 Retracement area,
and Strong Dow, etc... So Good Call- a 23.6, to 38.2.

Attached Image (click to enlarge)