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Cable Update (GBPUSD)

  • #428,181
  • Apr 13, 2016 6:31am Apr 13, 2016 6:31am
Hi guys!
Attached Image (click to enlarge)
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  • #428,182
  • Apr 13, 2016 7:06am Apr 13, 2016 7:06am
what happens after news you think, guys?
  • #428,183
  • Apr 13, 2016 7:21am Apr 13, 2016 7:21am
Quoting She1
what happens after news you think, guys?

Go down to 42 and maby 4125
  • #428,184
  • Apr 13, 2016 7:36am Apr 13, 2016 7:36am
Just for fun, according to a volume flow theory I am working on, price should not get past or close past the small red down bar where the blue arrow is pointing.
Remember, this is just for fun!!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 11 KB
  • #428,185
  • Apr 13, 2016 7:39am Apr 13, 2016 7:39am
short entry 1.4251

Attached Image (click to enlarge)
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  • #428,186
  • Apr 13, 2016 7:42am Apr 13, 2016 7:42am
Quoting PatienceFx
next in line wednesday = sideways to ranging thursday drop begins friday drop ends at 1.4000 work your bones and read what they say i used rotting wild buffalo bones
as i said 21 hours back

wednesday sideways to ranging

my buffalo bones do not lie ; i read spirits
  • #428,187
  • Apr 13, 2016 7:50am Apr 13, 2016 7:50am
Quoting PatienceFx
short entry 1.4251 {image}
What RSI settings have you configured for that below indicator of yours?
  • #428,188
  • Apr 13, 2016 7:53am Apr 13, 2016 7:53am
Quoting trademb
{quote} What RSI settings have you configured for that below indicator of yours?
14

default settings, nothing different

Quoting PatienceFx
{quote} 14 default settings, nothing different
iots stupidity to read overbought / oversold levels in rsi ; you just need to know if its above 50 or below
  • #428,189
  • Apr 13, 2016 7:58am Apr 13, 2016 7:58am
As usual?
Worst data going down... good data going up... :v
Don't trust me. I'm still newbie
  • #428,190
  • Apr 13, 2016 8:00am Apr 13, 2016 8:00am
Quoting PatienceFx
{quote} 14 default settings, nothing different
Thanks dude.

I went short @1.42269, 15pips in the wrong direction atm.
  • #428,191
  • Apr 13, 2016 8:00am Apr 13, 2016 8:00am
Quoting PatienceFx
short entry 1.4251 {image}
sl at be, lets see how it goes

Quoting trademb
{quote} Thanks dude. I went short @1.42269, 15pips in the wrong direction atm.
4255 range top and 4207 range bottom currently ;; till 4275 i won't bother

chances of a drop below 4200 are strong

Quoting PatienceFx
{quote} sl at be, lets see how it goes
sl hit closed 0
  • #428,192
  • Apr 13, 2016 8:14am Apr 13, 2016 8:14am
shucks

no worries, i will bother about shorts tomorrow

bones say huge drop on gbp rate news, so be it
  • #428,193
  • Apr 13, 2016 8:20am Apr 13, 2016 8:20am
GBPAUD go to short
Let Market Tell You
  • #428,194
  • Apr 13, 2016 8:22am Apr 13, 2016 8:22am
Quoting nealpek
Just for fun, according to a volume flow theory I am working on, price should not get past or close past the small red down bar where the blue arrow is pointing. Remember, this is just for fun!! {image}
Hi,

so how did you work this out?

Thanks
  • #428,195
  • Apr 13, 2016 8:26am Apr 13, 2016 8:26am
First let's see if it works, lol!!
  • #428,196
  • Apr 13, 2016 8:27am Apr 13, 2016 8:27am
Quoting nealpek
First let's see if it works, lol!!
Fair play.
  • #428,197
  • Apr 13, 2016 8:53am Apr 13, 2016 8:53am
sell gbpusd...
next target for gbp 1.415000000000......
joine me mql5.........
  • #428,198
  • Apr 13, 2016 8:56am Apr 13, 2016 8:56am
Interesting: After the red candle wick printed where the blue horizontal arrow is pointing, I reloaded my data and found that in fact the top of the wick touched the bottom wick of my small red bar. Every once in a while I refresh my data, and there are small differences in the prints... On the first chart I posted for fun, the wicks didn't yet touch or meet. Sigh!!! There will be other trades...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 17 KB
  • #428,199
  • Apr 13, 2016 8:56am Apr 13, 2016 8:56am
Quoting iran_trader
sell gbpusd... next target for gbp 1.415000000000......
how do we know its not going to bounce back up to 1.42424
  • #428,200
  • Apr 13, 2016 9:06am Apr 13, 2016 9:06am
what i dont get is. How many times does the support need to be tested before the price moves up or down?
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