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Cable Update (GBPUSD)

  • #595,241
  • May 14, 2021 1:25pm May 14, 2021 1:25pm
Quoting Georginson
{quote} They are not scam broker, it's the CBN dollar naira rate peg that was removed and it affected Naira trading Accounts.
I have a naira account. Didn't notice anything
  • #595,242
  • May 14, 2021 1:26pm May 14, 2021 1:26pm
Too quiet today,they kept the goodies for the last hour of NY session.
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #595,243
  • May 14, 2021 1:30pm May 14, 2021 1:30pm
Quoting navk
Monday target is 4200 and above to me. No shorts. 4hr is bullish now
1.4113 is going to be an issue for the bulls… no doubt. I would short it there. IMO
Did you place your stop loss order? Why not?!? Story of my life...
  • #595,244
  • May 14, 2021 1:31pm May 14, 2021 1:31pm
1.4113 is going to be an issue for the bulls… no doubt. IMO
Chart attached
Did you place your stop loss order? Why not?!? Story of my life...
  • #595,245
  • May 14, 2021 1:32pm May 14, 2021 1:32pm
Quoting coyoteuglyxxx
1.4113 is going to be an issue for the bulls… no doubt. IMO Chart attached
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 14 May.jpg Size: 135 KB
Did you place your stop loss order? Why not?!? Story of my life...
  • #595,246
  • May 14, 2021 1:36pm May 14, 2021 1:36pm
Quoting mysterio
{quote} I like this! I think it can even drop from 1.41 as there is some basing here on the leg down which makes it a supply area on m15 Do you mean its only valid if it gets to that level you marked out ? Let's see next week, bad idea to open anything at this late hour on a Friday
I also think so that the price can fall from here

I mean this hidden bearish divergence is valid as long as price below ~1.415. Need to come up with better labeling)
40 pips because MACD(5, 34) reading was 0.0015 (say 15 pips) and it usually takes x2-3 pips in price to cross 0 level on MACD (goes lower normally)
Attached Image (click to enlarge)
Click to Enlarge Name: a6BZzaoL.png Size: 145 KB

Sorry for bad English just in case
Air force
  • #595,247
  • May 14, 2021 1:57pm May 14, 2021 1:57pm
Quoting mysterio
{quote} Wait for 12800-12950 imo. There will be a helluva bounce from that area.
Hey Pipa.. 12950 on the nose, bounced 500 pips
  • #595,248
  • May 14, 2021 2:03pm May 14, 2021 2:03pm
Quoting coyoteuglyxxx
{quote} The ones that were on the right side of the spike obviously made loads of money in a matter of seconds and arguably wanted the profits, the ones without stops basically were f*cked on the spot and they couldn’t argue. The ones with the stops though as you can imagine had massive slippages and had to argue with the liquidators whether the stops should have been obeyed regardless of the circumstances. I have no idea about the outcome with the stops though, but they were in a better place compared to the ones without the stops, who saw their...

MOTY you should read this, and i have seen it happen on 2020 as well. 1000 pips (yes, pips, not points) in seconds.
and more than once

USE STOPS, even far and away

i got destroyed on my very first trade when i started forex, lost 30% of my account before i was even able to put a stop loss (it took less than a second from when i placed my trade), i cant remember the trade but i do remember the feeling of it.

gu is still bullish. daily and above structure remains to the upside for me
offering my system to copy trade. check my link
  • #595,249
  • Edited 2:19pm May 14, 2021 2:07pm | Edited 2:19pm
Quoting W0lfram
{quote} Doesn't the 2007 guy think the patterns look exactly the way he found ones in google pictures? Now that guy talking about some pattern versions. This is double standards, 2007 guy. Oh, lol Your appeal to experience is wonderful. Unfortunately for you, logical rules carries more weight than noname with experience and pics from Google. and I didn’t try to teach you which is which. it was you who imposed your 'the 2007 guy true vision' on me, but failed. Now I'm just having fun.
no ones that stupid ,
I'm the one who says this is real world & you're the one thinking you found the picture perfect pattern on another pair to prove me wrong .Both the same pattern ,your version failed outright.
If something has a super long wick compared to it's body it falls onto one category but you had some formula that proves our eyes wrong

I just said search it with google to know your wrong and it's funny how someone can make a meal out a simple check with the eye,
thats what you took offence to and why you wish to continue a dead discussion weeks after.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #595,250
  • Edited 5:59pm May 14, 2021 2:28pm | Edited 5:59pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-05-14 at 20.25.58.png Size: 172 KB
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2021-05-14 at 20.31.43.png Size: 78 KB
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #595,251
  • May 14, 2021 2:31pm May 14, 2021 2:31pm
going short on 1.4095, let's wait for next week
  • #595,252
  • May 14, 2021 2:33pm May 14, 2021 2:33pm
Change in plans.Due to heavy accumulation in the 0.86000 area ,I'll keep my EG till the price go close to 87 ,in 1-2 days i think .I have to swing it. Accumulated too much, i expect a explosion just like UJ this week.
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #595,253
  • May 14, 2021 2:35pm May 14, 2021 2:35pm
Quoting Pipa1
Change in plans.Due to heavy accumulation in the 0.86000 area ,I'll keep my EG till the price go close to 87 ,in 1-2 days i think .I have to swing it. Accumulated too much, i expect a explosion just like UJ this week.
That should have an impact on GU
Insane in the Brain..
  • #595,254
  • May 14, 2021 2:40pm May 14, 2021 2:40pm
Quoting nikosk0
{quote} MOTY you should read this, and i have seen it happen on 2020 as well. 1000 pips (yes, pips, not points) in seconds. and more than once USE STOPS, even far and away i got destroyed on my very first trade when i started forex, lost 30% of my account before i was even able to put a stop loss (it took less than a second from when i placed my trade), i cant remember the trade but i do remember the feeling of it. gu is still bullish. daily and above structure remains to the upside for me
Actually, you took the words from my mouth.
Did you place your stop loss order? Why not?!? Story of my life...
  • #595,255
  • May 14, 2021 2:48pm May 14, 2021 2:48pm
Quoting Bones
{quote} no ones that stupid , I'm the one who says this is real world & you're the one thinking you found the perfect pattern on another pair to prove me wrong .Both the same pattern ,your version failed outright. If something has a super long wick compared to it's body it falls onto one category but you had some formula that proves our eyes wrong I just said search it with google to know your wrong and it's funny how someone can make a meal out a simple check with the eye, thats what you took offence to and why you wish to continue a dead...
Except you.

Nope. You started to talk in a mentoring tone about one candle pattern and I agreed that we can call it a shooting star. But dark cloud is two candle pattern. Then you said that two patterns cannot exist at the same time. Pure genius.

You found on the Internet a schematic illustration of it, but is was not a complete set of what this pattern may looks like. In real life, the patterns do not have to look exactly like in the search results

'Some formula' is the rules by which the pattern is determined. Simple as that. You failed to prove why DC is not DC.

Have a nice weekend, 2007 guy.
Air force
  • #595,256
  • May 14, 2021 2:54pm May 14, 2021 2:54pm
USD breaking down.
GU going up, but needs to overcome some resistance above before perhaps heading towards 4370 area
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDOLLARDaily.png Size: 27 KB
Click to Enlarge Name: USDOLLARWeekly.png Size: 21 KB
Click to Enlarge Name: GBPUSDH4.png Size: 25 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 26 KB
Compulsions can be hard to resist
  • #595,257
  • May 14, 2021 2:57pm May 14, 2021 2:57pm
Quoting Nd10
{quote} I have a naira account. Didn't notice anything
That's because I'm managing over 35 million worth of NGN trading account with big lot sizes...
Data + Stat + Risk/Emotions Management
  • #595,258
  • May 14, 2021 3:05pm May 14, 2021 3:05pm
Quoting trumps
USD breaking down. GU going up, but needs to overcome some resistance above before perhaps heading towards 4370 area {image} {image} {image} {image}
Hanging man...I will be surprised if GU doesn't drop below 4000 next week...
Everyone can see the chart, but only a few can actually read it.
  • #595,259
  • May 14, 2021 3:07pm May 14, 2021 3:07pm
Quoting OnlineAddict
{quote} Hanging man...I will be surprised if GU doesn't drop below 4000 next week...
really? It’s looking like a similar situation to what we had last Friday with the bullish trend.
Insane in the Brain..
  • #595,260
  • May 14, 2021 3:11pm May 14, 2021 3:11pm
Quoting OnlineAddict
{quote} Hanging man...I will be surprised if GU doesn't drop below 4000 next week...
Yep could do, I have another level at 3953 shown on my chart waiting for a touch.

Stocks are flying though and I'm not willing to turn a blind eye to the bearish aspects of the $ chart



Whenever the FED comes to the party, some things go up

others go down
Attached Image (click to enlarge)
Click to Enlarge Name: WS30Daily.png Size: 25 KB
Compulsions can be hard to resist
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