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Cable Update (GBPUSD)

  • #425,401
  • Feb 26, 2016 9:20am Feb 26, 2016 9:20am
Under 139 so looking to buy - 138 500 would be a great place to start all over again ..
but then again what do i know lol
  • #425,402
  • Feb 26, 2016 9:22am Feb 26, 2016 9:22am
Quoting elbert3
{quote} well just hedged ??? 3500 or 4460
I'd say 4460 before 3500, but, being it is cable, we could get down to 3650 then stage a 800 pips bounce.
  • #425,403
  • Feb 26, 2016 9:22am Feb 26, 2016 9:22am
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owwwww sneeeeky
  • #425,404
  • Feb 26, 2016 9:23am Feb 26, 2016 9:23am
Quoting dean1star
Under 139 so looking to buy - 138 500 would be a great place to start all over again .. but then again what do i know lol
Yeah, we haven't break the Tuesday low of 3877, it will be tested today, then what happens is what matters
  • #425,405
  • Feb 26, 2016 9:27am Feb 26, 2016 9:27am
Quoting Darkforce
{quote} Yeah, we haven't break the Tuesday low of 3877, it will be tested today, then what happens is what matters
Your right .. the low of tuesday . Would take a buy under 138 500 for sure -
  • #425,406
  • Feb 26, 2016 9:28am Feb 26, 2016 9:28am
Double Bottom!!!what to expect!!!
  • #425,407
  • Feb 26, 2016 9:29am Feb 26, 2016 9:29am
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thats todays play fail to get back up as yet
  • #425,408
  • Feb 26, 2016 9:31am Feb 26, 2016 9:31am
Quoting Darkforce
This M5 pinbar shows how nasty the algos can get these days, these scum just have no dignity at all. {image}
To me that pin bar behaved perfectly. The pattern was broken as expected.


I have done several years of forward analysis that includes trading pin bars. 79% of pinbars end up as bust patterns. It is far more profitably trading against the normal consensus of how you learn to trade a pinbar on forex factory


NB I trade the daily timeframe and not the 5 min charts. The results of pin bars may differ on smaller time frames.
  • #425,409
  • Feb 26, 2016 9:32am Feb 26, 2016 9:32am
I hadn't time this morning to trade London so I took what NY offered in 2.5 hours. 40pips
Attached Image (click to enlarge)
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Alex
  • #425,410
  • Feb 26, 2016 9:32am Feb 26, 2016 9:32am
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watch lower tc for the line break
  • #425,411
  • Feb 26, 2016 9:36am Feb 26, 2016 9:36am
Quoting el_duende
{quote} To me that pin bar behaved perfectly. The pattern was broken as expected. I have done several years of forward analysis that includes trading pin bars. 79% of pinbars end up as bust patterns. It is far more profitably trading against the normal consensus of how you learn to trade a pinbar on forex factory NB I trade the daily timeframe and not the 5 min charts. The results of pin bars may differ on smaller time frames.
Pinbar is all about location and timeframe.

LTF pinbar frequently bust is result of algos, HTF pinbar like daily is far more reliable, of course, if at right place
  • #425,412
  • Feb 26, 2016 9:48am Feb 26, 2016 9:48am
Intra session reversal?
Attached Image (click to enlarge)
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  • #425,413
  • Feb 26, 2016 9:52am Feb 26, 2016 9:52am
Quoting Darkforce
Intra session reversal? {image}
I only trust the H1 closes these days
persistence and determination alone are omnipotent
  • #425,414
  • Feb 26, 2016 9:53am Feb 26, 2016 9:53am
Quoting Ll1979
{quote} I only trust the H1 closes these days
H4 close in 7 mins, it is even more reliable.
  • #425,415
  • Feb 26, 2016 9:54am Feb 26, 2016 9:54am
3877 broken,,what next 35?
  • #425,416
  • Feb 26, 2016 9:56am Feb 26, 2016 9:56am
Quoting Dr.Zain
3877 broken,,what next 35?
Not sure, if H4 close back above, it maybe another scenario, 4 mins left, sweat in mi palm
  • #425,417
  • Feb 26, 2016 10:00am Feb 26, 2016 10:00am
typical friday end of month pa. Wanta to clean up as many traders as possible. HFT s are working today. Stay away. It does not demand this low today
  • #425,418
  • Feb 26, 2016 10:01am Feb 26, 2016 10:01am
Quoting Darkforce
{quote} Not sure, if H4 close back above, it maybe another scenario, 4 mins left, sweat in mi palm
H4 flag, classic, now what?
Attached Image
  • #425,419
  • Feb 26, 2016 10:02am Feb 26, 2016 10:02am
You people are buying the dips??? Dont get caught badly like last week
  • #425,420
  • Feb 26, 2016 10:02am Feb 26, 2016 10:02am
keeps bouncing up and down to risky for me
persistence and determination alone are omnipotent
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