Got some pips going long USD/CAD due to bad news from Canada, but that would be it for today trading wise. See you tommorow people, can't wait for Fed to do their thing already so we can trade in peace finally where price flows!
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Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
DislikedGot some pips going long USD/CAD due to bad news from Canada, but that would be it for today trading wise. See you tommorow people, can't wait for Fed to do their thing already so we can trade in peace finally where price flows!Ignored
Disliked{quote} Can you kindly show me what range bottom and range bottom looks like? A schematic drawing would be ideal, because I also look for certain type of structure inside a range to decide on the outcome of that range.Ignored
Disliked{quote} Typically the range hi and lo would be as shown, the highest hi (s) and lowest lo (s) that contain the rangy price action (see schematic below.) Very often but not always, don't we,? we see a range b/o and pullback inside the range or to it's extremes for a 2nd truer b/o? {image}Ignored
Dislikedthis is not my code [ taken from google, very heavy on cpu ] {file}Ignored
Disliked{quote} Generally all 'fiat' currencies are basket cases and what you say is right, and someday there will be a day of reckoning, - but you're overthinking it. Trade what you see not what you thinkIgnored
DislikedThe pound and euro tend to move in the same direction, not so much today.Ignored
Dislikedforget double bottoms, this will cause diarrhea in all usd pairs {file}Ignored
Disliked{quote} Typically the range hi and lo would be as shown, the highest hi (s) and lowest lo (s) that contain the rangy price action (see schematic below.) Very often but not always, don't we,? we see a range b/o and pullback inside the range or to it's extremes for a 2nd truer b/o? Today's 15min to 1hr gbpusd is a good eg of a range on those t/f's - ie no discernable trends on those t/f's, and a double top and bottom on them both at the range extremes - ie the range extremes held until one didn't - the lower one with price poking just below at the...Ignored
Disliked{quote} If that were actually true, then EURGBP would spend most of its time flat. Does it?Ignored
Disliked{quote} Problem I have is that all I see is "Wow this decline is massive, must be due a retracement" For the life of me, I can't see a continuation down. Even with the move that's just been made, I don't see an extension down. I see a stop hunt before a move higher.Ignored
Disliked{quote} Thank you for explaination and I suppose we look at ranges differently because from that drawing for me it's all just random move until I see price pressing against support or resistance like in the drawing below, this type of moves are actually telling me where price might be heading. Have to give credit to my mentor Adam Grimes. {image} {image}Ignored
Disliked{quote} I was just having a look around while I wait for NY market and I think that until this is properly broken above or below, I will have to stay out. Still is interesting though, and is a good lesson in patience {image}Ignored