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Cable Update (GBPUSD)

  • #428,701
  • Apr 17, 2016 6:46pm Apr 17, 2016 6:46pm
how about that Scott news fits our charts

correlate commodities if you like guys i.e. nzd ,trade that gap at risk ,don't forget theres an open gap way higher


Quoting Mr. Scott
{quote} Who knew? Looks like Iran won't play nice and they all can't get along? {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #428,702
  • Apr 17, 2016 6:55pm Apr 17, 2016 6:55pm
no idea why I spend so much time reading charts , its a waste of time really

http://www.forexfactory.com/showthre...85#post8876085

Quoting forexintradi
I am just amazed how many people are predicting how currencies will perform on next days....wooowwww....Id like to know where to buy the same crystal ball...Id be billonary as well!!!
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #428,703
  • Apr 17, 2016 7:01pm Apr 17, 2016 7:01pm
Quoting Bones
how about that Scott news fits our charts correlate commodities if you like guys i.e. nzd ,trade that gap at risk ,don't forget theres an open gap way higher {quote} {image} {image}
Quoting Bones
no idea why I spend so much time reading charts , its a waste of time really http://www.forexfactory.com/showthre...85#post8876085 {quote} {image}
Attached Image


....
Ghost Rider - WWTBMD?
  • #428,704
  • Apr 17, 2016 7:03pm Apr 17, 2016 7:03pm
you gotta admit ,how on earth did that happen on a tl ,then also Scott has a different approach all together
you tell me
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #428,705
  • Apr 17, 2016 7:04pm Apr 17, 2016 7:04pm
Quoting Bones
you gotta admit ,how on earth did that happen on a tl ,then also Scott has a different approach all together you tell me
Magic? .....
Ghost Rider - WWTBMD?
  • #428,706
  • Edited 7:31pm Apr 17, 2016 7:11pm | Edited 7:31pm
lol ,chris it is ,you if you consider all the forces that could have changed ,no way you could know how the meeting went ,
and if you did know trade the vol to put price in the right place ,I've seen it so many times the chart is right over the news ,but its impossible

Quoting albchr
{quote} Magic? .....
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #428,707
  • Apr 17, 2016 7:16pm Apr 17, 2016 7:16pm
if you trade the major trend gaps normally follow the direction not rocket science , basic trading
  • #428,708
  • Apr 17, 2016 7:20pm Apr 17, 2016 7:20pm
Quoting Bones
lol ,chris it is ,you if you consider all the forces that could have changed ,no way you could know how the meeting went , and if you did know trade the vol to put price in the right place ,I've seen it so many times the chart is right over the news ,but its impossible {quote}
With rare exception the news always fills in what the charts say. It does happen that surprises can change things of course but, if all the hype about win rates is to be swallowed? I'll go with the charts any day.

I don't trade cad pairs but I pulled up some charts Friday when you and Scott were posting them. Pretty clear. I'm now waiting for GJ to test the low again. Had a good bounce up and back down so far. But like you guys, those charts just seem to slip by unnoticed. .....

EDIT: But wait ... ... wasn't that meeting "priced in"?
Ghost Rider - WWTBMD?
  • #428,709
  • Apr 17, 2016 7:25pm Apr 17, 2016 7:25pm
Quoting Bones
no idea why I spend so much time reading charts , its a waste of time really http://www.forexfactory.com/showthre...85#post8876085 {quote} {image}
I always get in trouble when I leave my home and post around but
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #428,710
  • Apr 17, 2016 7:37pm Apr 17, 2016 7:37pm
Hi and good morning everyone!

The volume for H1 timeframe of GBP/USD already completed. Let's buy for 20pips first.
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  • #428,711
  • Apr 17, 2016 7:47pm Apr 17, 2016 7:47pm
Quoting doctor313
Hi and good morning everyone! The volume for H1 timeframe of GBP/USD already completed. Let's buy for 20pips first. {image}
i think it will touch 1.41695 first
When life gives you lemons, make lemonade
  • #428,712
  • Apr 17, 2016 8:40pm Apr 17, 2016 8:40pm
Its called a wolf wave ? seem to remember ruff posting it the time ,yet another way to skin a cat ,but same result
only should add to the the thought price will be at the right place then a sequence of events for a extended period of time make price move this way ,
double top =this result is mind boggling how far away the top is ,so many examples can be seen ,its a question of learning it and seeing for your own eyes



Quoting asgcorp
last time we had similar price structure in NZD USD is sold off 1000+ points. Just saying. they don't look pretty. not the same but similar. {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #428,713
  • Apr 17, 2016 9:00pm Apr 17, 2016 9:00pm
Yep. Like most things in life it's all about pattern recognition (at key levels of course). Just question of what pattern fits the individual's mind best. Some use harmonics, some candles, some W's & M's, other's see flags, pennants and wedges. It's just how the mind works. Find what your eye sees best and hone it.
Ghost Rider - WWTBMD?
  • #428,714
  • Edited 10:05pm Apr 17, 2016 9:35pm | Edited 10:05pm
gm guys, i m short cable tp 41315
  • #428,715
  • Apr 17, 2016 10:43pm Apr 17, 2016 10:43pm
Quoting PatienceFx
gm guys, i m short cable tp 41315
had to exit 0 ; h1 200 ma support
  • #428,716
  • Edited 11:52pm Apr 17, 2016 11:35pm | Edited 11:52pm
Quoting PatienceFx
gm guys, i m short cable tp 41315
4132 is t0o far. I advise you please tight up your SL mate.
1 hour ago formed doji.
in next 2-3 hours, it will reach 34pips. i.e 4196
  • #428,717
  • Apr 18, 2016 12:37am Apr 18, 2016 12:37am
Quoting Ill-b-back
{quote} well, you pretty much nailed that mofo to the pip
Back after weekend.
Well, unfortunately, bull got little support from bad US data.
But not strong enough to break through and close above 1.4150
For me, it still bearish for this week because it still under 1.4200 (hard nut shell)
Don't trust me. I'm still newbie
  • #428,718
  • Apr 18, 2016 12:40am Apr 18, 2016 12:40am
going short again 4162

Attached Image
  • #428,719
  • Apr 18, 2016 1:12am Apr 18, 2016 1:12am
Quoting PatienceFx
going short again 4162 {image}
my trading strategy is on h1 charts [ intra day ]

if short term support breaks then it might give a scalp = good

if medium term support breaks , it will give a bigger scalp = better

but if the long term support also breaks then all hell is gone = excellent
  • #428,720
  • Edited 1:53am Apr 18, 2016 1:16am | Edited 1:53am
at 4162 , medium and long term supports broke ; so now 4162 becomes my sl on this short

downside can extend to 4050 subject to 4120 zone break
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