Cable Update (GBPUSD)

Quoting pipcenturion

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I am thinking that the gap will still remain intact. Let's see whether buyers at 131.80 can defend yesterday's low. I still expect 135.XX before the heavy dump.

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Quoting catch22

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{quote} 1.When a new low/high happens appx 1h before or in the 1st hour of london open, it'll often reverse. 2. You want the market to have traded down (or up) a lot in previous days. Like one sided movement. This way you know that price has exchausted. There's an options in it where delta hedges come in but that's a little more complicated explanation. 3. and you need my model to know when the last push down was fake mark down or not (see chart) Cheers. {image}

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Quoting Fardeen1209

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{quote} Thank you so much 1. I'll will definitely look into the the new high/low formation Pre LO and in LO (timing is a must and to always bear in mind) 2. It is not about what i want or how i want it, but it is about what the market makes available for me so i can seize the opportunity that it provides to me 3. I dont believe in any model or 'indicator' apart from the price itself using a line chart instead of a candle chart. Because any model will only follow the price and at that 1.1988 turning point, no model will tell you whether it gonna...

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Quoting Fardeen1209

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{quote} ... 3. I dont believe in any model or 'indicator' apart from the price itself using a line chart instead of a candle chart. ...

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Quoting SnailFX

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GBP/USD 15M Went long at 1.20246 SL 10 pips. TP, I don't know yet. 30M candle closing around 1.20350 is bullish. *This trade contains more risk! While 15M candle closed nicely above gray line, 30M suggests Short, while I am banking on Hourly which still suggests Long. If we get engulfing 15M candle that would be the best case scenario for Bulls. {image}

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Quoting sakimer

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ニワトリの心が理解できなくなったとき、リベンジ は終わります。 {image}

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Quoting Moty

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{image}{image}

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Quoting catch22

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{quote} 2. When i said "you want" i meant that "you should wait for the market to trade down(up) a lot in previous days". It looks like you misunderstood. 3. Sure. If you say so

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Quoting Headland

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{quote} Hi mate, ambitious target... G/L with it. ------------------------------------- There is a repeating pattern (s) of bullish reg div in the 30min/1hr/4hr osc's @ current dly lo. Strongish bounce up so far? A reminder of downside fibs below Last 30min close = pinbar Fibs below {image}

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