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Cable Update (GBPUSD)

  • #727,081
  • Edited 2:22am Feb 8, 2023 2:07am | Edited 2:22am
N pro fit south is 360 degrees Who needs directions... ignorad east west stop hunting... never a straight answer...globalism stair way to what ever...brexit shrugged...
  • #727,082
  • Edited 2:28am Feb 8, 2023 2:07am | Edited 2:28am
Quoting lucaswalliam
{quote} Thank you for your response, and this is the line of thinking I am currently using. However, I have run into two problems. One is that it is too subjective and not objective enough. The second is that I am often drowning in details. The criteria for band determination are very difficult.
You have to do some research and practice. Here is a simple test. The 9-period DEMA and EMA. Pick a timeframe that works for you, if they are pointing up you are in an uptrend and if they are pointing down in a downtrend. If they are moving apart the trend is strengthening, together weakening. Crossing or flat things are changing. There are other benefits once you notice how the DEMA and the candles work. You can pick different moving averages and different periods. 13 and 48 periods EMA's were supposed to be the most profitable combination according to a study that I read. This confirms the trend, it isn't an entry or exit signal.
  • #727,083
  • Feb 8, 2023 2:07am Feb 8, 2023 2:07am
Little more..

It was close for me to enter Long, but since retracement didn't hit the gray line even on 5 minute chart..
Next time!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD 15M.png Size: 25 KB
Click to Enlarge Name: GBPUSD 5M.png Size: 21 KB
  • #727,084
  • Feb 8, 2023 2:08am Feb 8, 2023 2:08am
Quoting Whale
{quote} yap, ouch. we will back stronger later
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #727,085
  • Feb 8, 2023 2:11am Feb 8, 2023 2:11am
Long 1.2080 SL 1.2040
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #727,086
  • Feb 8, 2023 2:12am Feb 8, 2023 2:12am
Quoting Pat Chiko
{quote} Thanks Snail for sharing your technical expertise. I will keep your advice in mind and await the completion of the final setup before proceeding. Additionally, I promise to refrain from consuming escargot dishes in the future. GU{image}
GU

London Open, stage one long trade now closed.
Special thanks to Snail FX signal for me to get this LONG position.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 137.jpg Size: 209 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #727,087
  • Feb 8, 2023 2:14am Feb 8, 2023 2:14am
sell limit at 2105 sl of 15pips
target open for now
  • #727,088
  • Feb 8, 2023 2:15am Feb 8, 2023 2:15am
Quoting Pat Chiko
{quote} GU London Open, stage one long trade now closed. Special thanks to Snail FX signal for me to get this LONG position.{image}
From one newbie to another...Would you explain why you opened 5x 3Lot orders instead of 1x 15Lot?
  • #727,089
  • Feb 8, 2023 2:16am Feb 8, 2023 2:16am
Quoting greenpips4
sell limit at 2105 sl of 15pips target open for now
I copy you.
Thanks for the signal...
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #727,090
  • Feb 8, 2023 2:16am Feb 8, 2023 2:16am
Quoting MrFanciful
{quote} From one newbie to another...Would you explain why you opened 5x 3Lot orders instead of 1x 15Lot?
Slippage.
Have you try to open 15 lot simultaneously on real account ?
See what happened.
Ended up heated argument with your broker.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #727,091
  • Feb 8, 2023 2:19am Feb 8, 2023 2:19am
Quoting Pat Chiko
{quote} Slippage. Have you try to open 15 lot simultaneously on real account ? See what happened. Ended up heated argument with your broker.
Riiiiight

Thought there would be a reason for it.
  • #727,092
  • Feb 8, 2023 2:19am Feb 8, 2023 2:19am
Quoting Pat Chiko
{quote} GU London Open, stage one long trade now closed. Special thanks to Snail FX signal for me to get this LONG position.{image}
Special thanks to you using other people's advice, even though you don't need it hahah.
Nice man!
  • #727,093
  • Feb 8, 2023 2:20am Feb 8, 2023 2:20am
Quoting ninner
{quote} Look at the data Chiko sun!!! The Uk is going down the pooper!!!
The market maker always makes traders see what there is not, that is why I trade structure, and not support/resistance. They literally took more than a week to set the bears up. Thanks, but this swing trader will hold longs.

Cheers
Guy
  • #727,094
  • Feb 8, 2023 2:22am Feb 8, 2023 2:22am
Quoting Macd-rsi
FTSE-100 {image}approaching the top . . .
You've not graced us with your presence here for some time now
Look what I found!
Attached Image (click to enlarge)
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  • #727,095
  • Feb 8, 2023 2:24am Feb 8, 2023 2:24am
Quoting Wavegarrick
{quote} I am starting to get subtle bullish hints from a 4 hr perspective. My weekly pivot at 1.21722 a reasonable target. Cheers. {image}
Also! H4 is about to confirm Long, after this candle closes in hour and a half.

R from 1.217 to 1.22. Sounds good!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H4.png Size: 24 KB
  • #727,096
  • Feb 8, 2023 2:25am Feb 8, 2023 2:25am
today:
M5 to M30 bullish
H1 pointing sideways, has not yet cleared inconclusive waters. S@ 1.207 and 1.205, R from 1.213 to1.2145
H4 however remains clearly bearish, indicating we are just seeing a retracement from LL at around 1.196. Expect R at current level 1.209 up to 1.212

Be aware of FOMC news later today.
Happy trading.
  • #727,097
  • Feb 8, 2023 2:26am Feb 8, 2023 2:26am
Quoting SnailFX
{quote} Also! H4 is about to confirm Long, after this candle closes in hour and a half. R from 1.217 to 1.22. Sounds good! {image}
Remember this H4 post of mine yesterday? The bears failed many hours ago.

Guy
Attached Image (click to enlarge)
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  • #727,098
  • Feb 8, 2023 2:27am Feb 8, 2023 2:27am
Quoting Yngwie
Long 1.2080 SL 1.2040
Close 15p. wait further down
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #727,099
  • Feb 8, 2023 2:29am Feb 8, 2023 2:29am
Attached Image (click to enlarge)
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yes yes yes
  • #727,100
  • Feb 8, 2023 2:30am Feb 8, 2023 2:30am
Shorted at 1.2093, SL 1.212, let's see if what happens
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