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Cable Update (GBPUSD)

  • #583,541
  • Mar 12, 2021 7:01am Mar 12, 2021 7:01am
A good trading day.
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  • #583,542
  • Mar 12, 2021 7:05am Mar 12, 2021 7:05am
GU

What my thinking on the next set up.

Just using YL and SRF zone.

Any view are welcome

Just share it , not harm just learning.
Attached Image (click to enlarge)
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  • #583,543
  • Mar 12, 2021 7:11am Mar 12, 2021 7:11am
yes yes yes !
goldi with the signal
show me the money
Attached Image (click to enlarge)
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yes yes yes
  • #583,544
  • Mar 12, 2021 7:11am Mar 12, 2021 7:11am
Quoting Theoak
{quote} Only joking buddy!!! Leave it.

Dear me.

Please change you avatar back to the ori.

Dreadful to look at Camel while trading......
  • #583,545
  • Mar 12, 2021 7:18am Mar 12, 2021 7:18am
Quoting Moty
{quote} dx has just broke the channel , gu will get to 1.38500-1.38600 at least today {image}{image} look at eu , there is a set up for 35 pips{image}
Moty, daily S2 reached, ADR reached for today (my 120%dailyATR(14)) ...maybe GU gets the break from falling down further today?
Always trade your own plan...I don't provide trading signals.
  • #583,546
  • Mar 12, 2021 7:19am Mar 12, 2021 7:19am
... back @ desk updating charts. 78.6% 3845-4005 with 61.8% 3778-4005 @ current dly lo @ base of that prev 1hr sw lo zone = prev supp =pot supp where demand was encountered. 1hr is below. U.s data @ 1330pm gmt.
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Trader with an Edge.
  • #583,547
  • Mar 12, 2021 7:19am Mar 12, 2021 7:19am
Quoting dimitricss
{quote} close all at 3888.. so i can eat my dinner in peace
  • #583,548
  • Mar 12, 2021 7:22am Mar 12, 2021 7:22am
Quoting Sang.Real
GU What my thinking on the next set up. Just using YL and SRF zone. Any view are welcome Just share it , not harm just learning. {image}
my aim is 1.39115 - 1.39225 are and then drop
  • #583,549
  • Mar 12, 2021 7:23am Mar 12, 2021 7:23am
Quoting ChiForex
{quote} The hit and retrace finally happened..now focus at buy orders around 1.3910 to Tp, with possibly around 1.3880 if the first is broken, here is a better positioning for bulls *Trailing stop placed at rebase above 1.3959
Take profit filled at 1.3880 and buy order executed for Tp 1.3930-50 depends on PA and trailing stop around BE due to awareness of a deeper movement to 1.3850s is possible.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #583,550
  • Mar 12, 2021 7:26am Mar 12, 2021 7:26am
Quoting Sang.Real
{quote} I'm New to forex trading. I only use Support and Resistant as only tools in trading. With combo of SRF ( Support Resistant Flip) and Support Become Resistant (SBR) method, I'm able to quickly identify short term directions.
This is quite good method.
Add to this method ADR (Average Daily Range). There are some indicators in the net. I will attach one.
ADR helps to identificate how much "fuel" has left. If we are coming close to ADR, there is a big chance of flat or retrace after a fast move.
In such case we should close our profitable trades there and do not entry new one. Only scalp for bounce or retrace with tight stops
Attached File(s)
File Type: mq4 Average Daily Range - V4.01.mq4   14 KB | 217 downloads
  • #583,551
  • Mar 12, 2021 7:28am Mar 12, 2021 7:28am
Quoting Coreg2004
{quote} Moty, daily S2 reached, ADR reached for today (my 120%dailyATR(14)) ...maybe GU gets the break from falling down further today?
all week the gu don't gave the full adr , today it's payment day
fucking perfect
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 22 KB
Click to Enlarge Name: gu2.png Size: 36 KB
yes yes yes
  • #583,552
  • Mar 12, 2021 7:29am Mar 12, 2021 7:29am
Quoting helioss
Hi to all, volumes say that pullback should be ended... {image}
Hey buddy, please check your inbox.
when you can accurately predict the future, you leave nothing to chance.
  • #583,553
  • Mar 12, 2021 7:32am Mar 12, 2021 7:32am
...saw a downside breach of the 4hr channel..see below. That hidden bearish div finally kicked in @ 4005.

126% 30day adr travelled so far today hi-lo.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #583,554
  • Mar 12, 2021 7:33am Mar 12, 2021 7:33am
Quoting Marbas
{quote} This is quite good method. Add to this method ADR (Average Daily Range). There are some indicators in the net. I will attach one. ADR helps to identificate how much "fuel" has left. If we are coming close to ADR, there is a big chance of flat or retrace after a fast move. In such case we should close our profitable trades there and do not entry new one. Only scalp for bounce or retrace with tight stops {file}
Cheers- I never used ADR but I added it to my chart to see how I get on with it
  • #583,555
  • Mar 12, 2021 7:33am Mar 12, 2021 7:33am
Quoting Marbas
{quote} This is quite good method. Add to this method ADR (Average Daily Range). There are some indicators in the net. I will attach one. ADR helps to identificate how much "fuel" has left. If we are coming close to ADR, there is a big chance of flat or retrace after a fast move. In such case we should close our profitable trades there and do not entry new one. Only scalp for bounce or retrace with tight stops {file}

Thanks Marbas for the ADR.

I will play around with it from next week trying to understand on how it works.

Newbie got new tool to play with.....


Quoting Marbas
{quote} I dont need charts, I analyze a ton of fundamental and macro information every day. I open my position regarding to this analysis. And I dont see any hints for longs on GU and EU also.. Selling both from yesterdays daily closure. P.S. While I am writing all this, GU slumps 30+ points downwards..
I must agree that Professionals are not watching what opponents is doing or any chart when making trading decisions.

They are watching news flow which is the same for the algos (the ones that don't operate arbitrage strategies).

The only one that have interest in our SL level is the broker....
  • #583,556
  • Mar 12, 2021 7:37am Mar 12, 2021 7:37am
1.41 still good area tp
  • #583,557
  • Mar 12, 2021 7:42am Mar 12, 2021 7:42am
Quoting Sang.Real
GU What my thinking on the next set up. Just using YL and SRF zone. Any view are welcome Just share it , not harm just learning. {image}
GU

Scalping long

Target - testing YL

Attached Image (click to enlarge)
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  • #583,558
  • Mar 12, 2021 7:46am Mar 12, 2021 7:46am
Quoting Ksth
1.41 still good area tp
Be a good area for tp however we aren’t going to see that level anytime soon. The current trend is looking south potentially for a lock and load
Insane in the Brain..
  • #583,559
  • Mar 12, 2021 7:49am Mar 12, 2021 7:49am
dx is about to take off
Attached Image (click to enlarge)
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yes yes yes
  • #583,560
  • Mar 12, 2021 7:50am Mar 12, 2021 7:50am
Kaboommm... 4h closing soon..
Peace Yo!
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