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Cable Update (GBPUSD)

  • #759,981
  • Jul 20, 2023 12:43pm Jul 20, 2023 12:43pm
Another example with 4 hr candle + 15 min MACD divergence in play
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Intraday only.
  • #759,982
  • Jul 20, 2023 12:47pm Jul 20, 2023 12:47pm
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yes yes yes
  • #759,983
  • Jul 20, 2023 12:57pm Jul 20, 2023 12:57pm
Quoting navk
Another example with 4 hr candle + 15 min MACD divergence in play {image}
macd is the best
yes yes yes
  • #759,984
  • Jul 20, 2023 12:58pm Jul 20, 2023 12:58pm
GBP/USD Daily

Daily S2 @ 1.28651 will hold it seems and if it does I'm Long.
Retracement was 300 pips (if this was a retracement).
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  • #759,985
  • Jul 20, 2023 1:01pm Jul 20, 2023 1:01pm
Long at 12865 chalked in TP 12905

it’s been bearish most of the week we could get a rest bite and bulls in tomorrow. I’ve chalked in 12905 as a do able retrace area overnight. As usual no SL working on todays profits as baseline for drop
Insane in the Brain..
  • #759,986
  • Jul 20, 2023 1:15pm Jul 20, 2023 1:15pm
Quoting navk
Another example with 4 hr candle + 15 min MACD divergence in play {image}
i never understood indicators. They are too slow for me

I try to look at where money comes in and goes out intraday. Not in as manipulation or anything like that. I dont believe that it happens alot.
How to succeed in zero sum game?
  • #759,987
  • Jul 20, 2023 1:29pm Jul 20, 2023 1:29pm
Quoting Moty
{quote} macd is the best
It is when you spend enough time learning it and combine it with market structure
Attached File(s)
File Type: pdf MACD Trend Following Strategy (2).pdf   1.6 MB | 175 downloads
File Type: pdf market-structure-and-entry-setup_compress.pdf   6.3 MB | 240 downloads
  • #759,988
  • Jul 20, 2023 1:32pm Jul 20, 2023 1:32pm
Quoting dempire1
{quote} i never understood indicators. They are too slow for me I try to look at where money comes in and goes out intraday. Not in as manipulation or anything like that. I dont believe that it happens alot.
Some hindsight trades taken earlier. Its hard for me to post any trades because Im a scalper. But this is how I read market even in small moves. So i started my shorts from 1.2881 until 1.285. 1.285 was my “support”. The way price bounced from 1.285 was inverse HS on 1 min and this is a clear indication for me that I need to short into this. Which I did as you can see on the pic. I wanted to trade it further down but price bounced again from 1.284 creating equal lows. Okay I stayed on the short and looked to add in more. On the third way down it was unable to break 1.284 so meaning someome with big pockets wants to sell his positions to someone else and to me 1.286 sounded like a nice area to sell it to so i bought it up to 1.286. And now i want to short it from 1.286 until asian session. I have a sell limit waiting atm.

Theres a lot of thinking going into the way I trade. But its very logical supply and demand.
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How to succeed in zero sum game?
  • #759,989
  • Jul 20, 2023 1:36pm Jul 20, 2023 1:36pm
Quoting Wavegarrick
{quote} I took profit on my trade at 85 pips. That trend line is still holding so here is what I contemplate for tomorrow. Pull back for 1.28870 or 1.29000 max for more short entries and target of 1.28000. My short cycle is not done yet, Cheers. {image}
Hahahaha...I know we're not done with the shorting.
So do you mind sharing this your template?
  • #759,990
  • Jul 20, 2023 1:53pm Jul 20, 2023 1:53pm
Quoting kenny4real
{quote} Hahahaha...I know we're not done with the shorting. So do you mind sharing this your template?
Hi Kenny I have shared everything I have including a template, All in my file attachments Bud.
Cheers,
Trade to trade another day
  • #759,991
  • Jul 20, 2023 2:01pm Jul 20, 2023 2:01pm
Quoting Fx3423454
{quote} 10 pips? Hahahahaha... I was short a long time ago. Just wait until Monday and Tuesday! Nope, you're still on the ignore list. Just had to check out who your butt buddies are so I can block them too... Your stupidity is not your fault, but your arrogance and ignorance are a choice. {file}
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  • #759,992
  • Jul 20, 2023 2:17pm Jul 20, 2023 2:17pm
I see a hyped awareness of posting trades in real time in this thread. Not that it matters to me because all my trades are posted in real time If you post trades 2 hours late it still looks like a real time trade in a 4 hr time frame. Crumbs has this thread become a signal service and if if you don't post within 2 pips you are a hindsight trader?. To go a step further. If you place buy/sell limits you are even accredited as a highly precious contributor here.. No it is not how it works because price action changes during the course of each hour, each day, time of week and time of month. What has become of the Gu thread.
Come on. let's get real. All contributions here are precious and all traders here deserve a right to contribute no matter what.
Cheers.
Trade to trade another day
  • #759,993
  • Jul 20, 2023 2:31pm Jul 20, 2023 2:31pm
...with a current dly lo of 2839 in the 4hr/dly part of the prev 4hr/dly sw hi zone that began @ 2847, = prev res = pot rbs, as well as a 38.2% downside fib shown below [and a 76.4% downside fib - not shown,] and probably just short of the steepest dly ascending t/line.) Price has pulled back on the main down-move since that 2839 print. @ the current dly lo too a separate prev minor 1hr sw hi zone =prev res =pot rbs within the 4hr/dly parts of the aforementioned pot rbs zone. Today will close as the 3rd consecutive >30day adr day and the 5th consecutive bearish day. This is from 3142, the largest p/back now since the run-up from 2307-3142 current yrly hi and 4hr+ uptrend hi, @ 303pips so far, and the 2nd largest since the leg-up from 1803, (largest was 2680-2307 @ 373pips.)

dly below
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Trader with an Edge.
  • #759,994
  • Jul 20, 2023 2:32pm Jul 20, 2023 2:32pm
Quoting Georginson
{quote} Hello Leon, it's now 300 pips drop in exactly one week after that overshoot high of 1.3140. previous biggest fall after 1.2680 was touched was 370 pips (1.2308)... If we are to have similar again, this means that lowest possible is 1.2775 area. I also believe there is an unfinished business at 1.32 area... But little worry now is that 1.2880 got violated.
Hi George,

We also have unfinished business lower. 1.32 is done and dusted for now.

Do you think FED will sleep on this?
Gold and dollar one to watch, I do expect strong dollar and. weakened gold for purpose.
https://www.fxstreet.com/analysis/br...y-202307101739

Monthly pivot 1.26 is a magnet for now
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  • #759,995
  • Jul 20, 2023 2:41pm Jul 20, 2023 2:41pm
Quoting Jolita
{quote} Hi George, We also have unfinished business lower. 1.32 is done and dusted for now. Do you think FED will sleep on this? Gold and dollar one to watch, I do expect strong dollar and. weakened gold for purpose. https://www.fxstreet.com/analysis/br...y-202307101739 Monthly pivot 1.26 is a magnet for now {image}
Ditto what you said Jolita. 1st target for me is the Liquidity just below your pivot, probably see a bounce there and continue down to 125 / 124.50 ish
  • #759,996
  • Jul 20, 2023 2:45pm Jul 20, 2023 2:45pm
Quoting Wavegarrick
I see a hyped awareness of posting trades in real time in this thread. Not that it matters to me because all my trades are posted in real time If you post trades 2 hours late it still looks like a real time trade in a 4 hr time frame. Crumbs has this thread become a signal service and if if you don't post within 2 pips you are a hindsight trader?. To go a step further. If you place buy/sell limits you are even accredited as a highly precious contributor here.. No it is not how it works...
Winning trades intimidate them so badly that they start having delusions and nightmares and voices in their heads....
Trade at your own risk.
  • #759,997
  • Jul 20, 2023 2:46pm Jul 20, 2023 2:46pm
I entered these trades 5 mins ago.

GBPCAD LONG
AUDNZD short
EURAUD LONG
My telegram: https://t.me/avidforex
  • #759,998
  • Jul 20, 2023 2:46pm Jul 20, 2023 2:46pm
Quoting Wavegarrick
,,,, If you place buy/sell limits you are even accredited as a highly precious contributor here.. No it is not how it works because price action changes during the course of each hour, each day, time of week and time of month. What has become of the Gu thread. Come on. let's get real. All contributions here are precious and all traders here deserve a right to contribute no matter what. Cheers.
Dear Leon, only a hypocrite like you with a double standard and without a moral compass could wright the post above. I'm still waiting for you to bring my misleading post/charts and shame me in front of the entire thread.
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Always trade your own plan...I don't provide trading signals.
  • #759,999
  • Jul 20, 2023 2:56pm Jul 20, 2023 2:56pm
This is the EG trade i mentioned a day or 2 ago. Just wanted to update in case anybugger is following. Green boxes are possible bounce areas. Take care if following and manage risk is priority, it could go Titsup anytime
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  • #760,000
  • Jul 20, 2023 3:17pm Jul 20, 2023 3:17pm
Quoting T721
This is the EG trade i mentioned a day or 2 ago. Just wanted to update in case anybugger is following. Green boxes are possible bounce areas. Take care if following and manage risk is priority, it could go Titsup anytime {image} {image}
Hi mate
You got me in, I like a bit of fun, only EG a bit too slow to my liking, ~86 will do for me.
Thanks for sharing, all the best!
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