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Cable Update (GBPUSD)

  • #606,181
  • Jul 1, 2021 3:18am Jul 1, 2021 3:18am
$ seems to be gunning for 93 region
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Compulsions can be hard to resist
  • #606,182
  • Jul 1, 2021 3:19am Jul 1, 2021 3:19am
Quoting MTF Test
{image}
Bailey ,,,Foxed my trade.....SL HIT
Fools Rushing
  • #606,183
  • Jul 1, 2021 3:19am Jul 1, 2021 3:19am
Does anyone know where to hear the Bailey comedy? Where does the market get the new from to react so quickly?
  • #606,184
  • Jul 1, 2021 3:21am Jul 1, 2021 3:21am
You shell not pass 1.38000 mf
Go to 1.38500
yes yes yes
  • #606,185
  • Jul 1, 2021 3:21am Jul 1, 2021 3:21am
Quoting IBabyTrader
Does anyone know where to hear the Bailey comedy? Where does the market get the new from to react so quickly?
https://www.bankofengland.co.uk/spee...services-event

It's all posted on BoE website instantly

Dovish on inflation
  • #606,186
  • Jul 1, 2021 3:22am Jul 1, 2021 3:22am
Can she Break it????
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  • #606,187
  • Jul 1, 2021 3:26am Jul 1, 2021 3:26am
Quoting Cateus
bought @ 1.3800 {image}
so obvious
let's see if it works
dolce vita
  • #606,188
  • Jul 1, 2021 3:28am Jul 1, 2021 3:28am
Quoting mysterio
{quote} Yea usually I'll have an idea of direction in my head, in this case I thought we may push up a bit higher with no real justification. But if I wasn't in a position already, the pivot would have been a clear short because of trend, confluence of three factors etc, need to work on that mental agility/flexibility. Might be range play between 1.3800-35 today
The attached may help (although I appreciate it's more a psychological issue than anything - as you've described it if I understand you) ...allows you to reverse the position. It's an EA for MT4 that can be attached to any chart...just remember though if you want to put a stop/take profit - it is in ticks ie to the 5th decimal place (most 'retail' brokers go to 5 decimal places now) so for eg a 20pip stop/limit you need to put 200 not 20.
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Attached File(s)
File Type: ex4 HedgeTradePanel.ex4   338 KB | 310 downloads
Trader with an Edge.
  • #606,189
  • Jul 1, 2021 3:28am Jul 1, 2021 3:28am
Huge volume on the downward candle - seems to be a genuine move and not a low volume test/trap move. Could be wrong though, as always!
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  • #606,190
  • Jul 1, 2021 3:30am Jul 1, 2021 3:30am
Quoting mysterio
{quote} https://www.bankofengland.co.uk/spee...services-event It's all posted on BoE website instantly Dovish on inflation
well that’s open the trapdoor to 13750 it seems
Insane in the Brain..
  • #606,191
  • Jul 1, 2021 3:31am Jul 1, 2021 3:31am
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patterns once again s/r levels play out
  • #606,192
  • Jul 1, 2021 3:33am Jul 1, 2021 3:33am
Quoting Headland
{quote} The attached may help (although I appreciate it's more a psychological issue than anything - as you've described it if I understand you) ...allows you to reverse the position. It's an EA for MT4 that can be attached to any chart...just remember though if you want to put a stop/take profit - it is in ticks ie to the 5th decimal place so for eg a 20pip stop/limit you need to put 200 not 20. {file} {image}
Thanks! Yeah, 100pc psychological though. I'll keep that in mind if I ever go back to using mt4 though, cheers
  • #606,193
  • Jul 1, 2021 3:33am Jul 1, 2021 3:33am
Quoting Wavegarrick
And so the pissing contest starts....indicators or no indicators. It does not matter. I use indicators and quite successfully so. Who cares, use whatever makes you successful. Cheers.
There is a noticeable difference between you and most of the others on the forum, who use indicators.

I have also used indicators in the past, but before attaching them to the chart, I wanted to study their formulas, understand what they indicated, and how they should be used correctly. For example, before using RSI I read "RSI: The Complete Guide" by John Hayden. On this forum who reads an entire book before using an indicator ???

I believe you do the same too. With your experience you know perfectly well what your indicators are telling you, you see at what level the price is, you look at the Price Action and maybe you have also other references.

The problem lies in those traders who attach indicators to the chart without knowing them. They enter because the indicator has printed an arrow or a dot, because it has changed color, or because an oscillator is at 70 or 30 ... but they don't have an idea about why, they don't look at the price level, the Price Action or other references.
They blindly follow the indicator, which they don't really know ... it's like to get on the first departing train without knowing the destination ....
And then they complain that the indicator re-paint... without understanding that if the indicator re-paint, it's because the formula says that.

The problem is not the use of indicators itself, the problem is if they know how to use them.
They have a car, but they don't know how to drive it. You have your car, but you know perfectly well how to drive it, that's why you are a successful trader with your indicators, and there is nothing to complain about you
  • #606,194
  • Jul 1, 2021 3:41am Jul 1, 2021 3:41am
it looks like that it wants to drop more but let's see
Do more of what works and less of what doesn't
  • #606,195
  • Jul 1, 2021 3:42am Jul 1, 2021 3:42am
Quoting Vincent1
Just to remember, for an Engulfing on the Monthly, we need tomorrow's close to be below 1.3806 (level that has already been broken once, and therefore easier to attack now)
It's not a full Engulfing, but when there's a 430 pip candle to cover, it's not easy.
The strength of the Bears that came out in June remains evident.
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To get an idea of the strength of the USD in June, take a look at the other pairs as well
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  • #606,196
  • Jul 1, 2021 3:43am Jul 1, 2021 3:43am
Quoting Pat Chiko
GU Setting up for break out trade and retest. Price is still in bearish channel. {image}
GU

Open sesame ( the trap door)

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Came for the Support, Stayed for the Breakout
(T-Shirt)

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #606,197
  • Jul 1, 2021 3:44am Jul 1, 2021 3:44am
Quoting KiwiTrada
{quote} 3800 has proven strong support so far, 1 3785 is last months low so supports galore around for buying, but beware the mofu fubar bear :-)
LMFAO fubarbear,s 3875 line in the sand for bulls!!!!!!!!!!!!!!!
might be little early but couldn't resist :-)
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If you are new to Forex? Say Goodbye to your account!!
  • #606,198
  • Jul 1, 2021 3:45am Jul 1, 2021 3:45am
Quoting Bones
{image} {image}
The daily closing is different from mine, I use 5pm in New York
What time do you use for daily closing and why?
  • #606,199
  • Jul 1, 2021 3:50am Jul 1, 2021 3:50am
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yes yes yes
  • #606,200
  • Jul 1, 2021 3:51am Jul 1, 2021 3:51am
Quoting Moty
{image}{image}
Hei superhuman, do you ever rest? #moneydoesntsleep
How to succeed in zero sum game?
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