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Cable Update (GBPUSD)

  • #765,101
  • Aug 8, 2023 2:02am Aug 8, 2023 2:02am
hungry bear..one step to SL..lol
  • #765,102
  • Aug 8, 2023 2:07am Aug 8, 2023 2:07am
come on
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yes yes yes
  • #765,103
  • Aug 8, 2023 2:08am Aug 8, 2023 2:08am
Quoting PeterCaleb
gbp usd gbp usd gbp usd etc etc etc {image}
What are these lines on your chart?
  • #765,104
  • Aug 8, 2023 2:10am Aug 8, 2023 2:10am
Attached Image (click to enlarge)
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see u later when ny starts...
Disappointing Chinese trade data soured the tone, DXY bid while JPY lags - Newsquawk Europe Market Open
  • #765,105
  • Aug 8, 2023 2:11am Aug 8, 2023 2:11am
my eyes is bear, but my heart is bull
oh my..
  • #765,106
  • Aug 8, 2023 2:12am Aug 8, 2023 2:12am
Quoting cablekingdom
{quote} Hi wavegarrik, what is your target for this trade
Hi Ck,
Provided 1.2750 holds it is safe to assume a fair target of my weekly res1 at 1.28686, having said I don't usually have specific targets until I get signals in the opposite direction. I could also be wrong.
Cheers.
Trade to trade another day
  • #765,107
  • Aug 8, 2023 2:17am Aug 8, 2023 2:17am
Quoting Moty
come on {image}
you scare me.moty..thats big hammer..my longs in big trouble now..
set all sl.to 2750..
  • #765,108
  • Aug 8, 2023 2:23am Aug 8, 2023 2:23am
Quoting Wavegarrick
{quote} Hi Ck, Provided 1.2750 holds it is safe to assume a fair target of my weekly res1 at 1.28686, having said I don't usually have specific targets until I get signals in the opposite direction. I could also be wrong. Cheers.
good to see your sell is on the very top mountain..
  • #765,109
  • Aug 8, 2023 2:25am Aug 8, 2023 2:25am
Quoting voeltoez
{quote} you scare me.moty..thats big hammer..my longs in big trouble now.. set all sl.to 2750..
Are you saying Moty is now moving the market?
  • #765,110
  • Aug 8, 2023 2:30am Aug 8, 2023 2:30am
so breakout to start , target breaks limit 2744 to 2735 areas initially , then previous bottom 2713 if success ! take care
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #765,111
  • Aug 8, 2023 2:30am Aug 8, 2023 2:30am
Quoting TheWraith
{quote} What are these lines on your chart?
they're rate of change lines. they're used for situational tracking. not prediction. I use them as I like to shift from one currency to the other within the pair as it moves along, instead of trend trading. yes i use other inputs for my trades but the roc lines are very accurate and simple to use and work with.

Peter


PS - i don't see trends I see situations connected.
Real Trading is not gambling.
  • #765,112
  • Aug 8, 2023 2:32am Aug 8, 2023 2:32am
Quoting PeterCaleb
{quote} they're rate of change lines. they're used for situational tracking. not prediction. I use them as I like to shift from one currency to the other within the pair as it moves along, instead of trend trading. yes i use other inputs for my trades but the roc lines are very accurate and simple to use and work with. Peter
Okay.. but how do they work really?

Does the angle matter and does it matter if line is shifted on the left or right?
  • #765,113
  • Aug 8, 2023 2:33am Aug 8, 2023 2:33am
Quoting tradexyz
{quote} Well long was an easy choice yesterday 1.27225 i.m short from 1.2777 according to yesterdays cam lvls. daily PP taken out so is DHi-38.2 up next WPivot DLo+38.2 followed by DS38 New set of cam levels breakout short @ 1.2740... Trade n Chart well wysiwyg... https://www.livecharts.co.uk/Members...rex_pivots.php
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  • #765,114
  • Aug 8, 2023 2:36am Aug 8, 2023 2:36am
all.sl hit...lol..im done ..juat wait for long opportunity
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  • #765,115
  • Aug 8, 2023 2:37am Aug 8, 2023 2:37am
Quoting ninner
{quote} Looks like Karen"the grade 2" school girl stuck her foot in her mouth again...or something in her mouth!!!!! {image}
  • #765,116
  • Aug 8, 2023 2:37am Aug 8, 2023 2:37am
Test long 1.2740
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #765,117
  • Aug 8, 2023 2:42am Aug 8, 2023 2:42am
Quoting TheWraith
{quote} Okay.. but how do they work really? Does the angle matter and does it matter if line is shifted on the left or right?
usual charting software pushes data from right to left. each situation that develops must do same as time and money are inter-related and are also the x y axis of chart display. every situation must correlate to money activity. when you see movement on chart it's not price movement it's money movement, people seldom think this way. therefore roc must follow out then in and then out then away then out then in etc etc. each line is a combo of counter directional display and trendline style tracking of change to price over time. so in effect you use line to track next situation setup. if you look at chart i offered, look closely at the consistency of movement and lines drawn. hints and clues are there.

Peter
Real Trading is not gambling.
  • #765,118
  • Aug 8, 2023 2:42am Aug 8, 2023 2:42am
Quoting ninner
{quote} both are bullish
  • #765,119
  • Aug 8, 2023 2:43am Aug 8, 2023 2:43am
Quoting voeltoez
all.sl hit...lol..im done ..juat wait for long opportunity {image}
IF cable closes near the low end of the range have to be bearish and it will stay in its trend channel.
  • #765,120
  • Aug 8, 2023 2:44am Aug 8, 2023 2:44am
Quoting voeltoez
Bounce area 2730 .. target long 2860 more Short Area 2690.. Target Short 2620 lower because trend change to bearish cmiiw {image}
im stay with my analysis...bounce area here...
watching pa..for new long..
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