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Cable Update (GBPUSD)

  • #429,341
  • Apr 24, 2016 4:51pm Apr 24, 2016 4:51pm
Quoting Don96
You do realise that this has to be taken out for those higher levels... is it not there on other peoples chart or something ? {image}
Lots of supply in the nose bleed section.

Not available on your charts?
Attached Image (click to enlarge)
Click to Enlarge Name: sellers.png Size: 25 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,342
  • Apr 24, 2016 5:00pm Apr 24, 2016 5:00pm
Quoting Magix
{quote} Lots of supply in the nose bleed section. Not available on your charts? {image}
​yes.. but since when do you completely skip a high in order to select a supply zone higher up... its the highest point of swings after BoJo and since the bottom... it also has the steepest ride up and steepest down again along with the highest sell off... its not getting to the next point until this one is taken out... period.

there are also a lot of points to mark on the supply zone you've mentioned... there is a 170 pip range that you have pointed to, higher range = more supply zones...
  • #429,343
  • Apr 24, 2016 5:07pm Apr 24, 2016 5:07pm
Quoting Don96
{quote} ​yes.. but since when do you completely skip a high in order to select a supply zone higher up...

Since when?

Fucking Always!

Spikes are meaningless. Those be the traps for suckers!

I avoid static by looking for the Larger Time Frame supply/demand areas.

Flip back.

I've shown the Daily Demand, Weekly and Monthly Supply.

Do what you want with it. Those be my charts, you can feel free to trade off of your own.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,344
  • Apr 24, 2016 5:14pm Apr 24, 2016 5:14pm
Quoting Magix
{quote} Since when? Fucking Always! Spikes are meaningless. Those be the traps for suckers! I avoid static by looking for the Larger Time Frame supply/demand areas. Flip back. I've shown the Daily Demand, Weekly and Monthly Supply. Do what you want with it. Those be my charts, you can feel free to trade off of your own.


Good point. You neglect the HTFs S/D zones to your detriment. However, he has a point in saying that you don't bank on bullish GU until the near S/D zones are taken out.

KP
Do your homework, follow the footprints of smart money
  • #429,345
  • Apr 24, 2016 5:19pm Apr 24, 2016 5:19pm
Quoting KeenPips
{quote} Good point. You neglect the HTFs S/D zones to your detriment. However, he has a point in saying that you don't bank on bullish GU until the near S/D zones are taken out. KP

We are above the daily Demand zone...ie, for the current, we are long. Until/Unless that motherfucker gets broken, I stay long.

Cautiously.

Ima M1 tripper, so what I do and what others do are often 2 very different things.

That being said, trend is to the individual perspective.
And

I ain't always right.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,346
  • Apr 24, 2016 6:12pm Apr 24, 2016 6:12pm
Above weekly/monthly TL, trying a long at 1.43 targetting 1.46
Hope to retest the monthly wedge around 1.4720++ for a short
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly.png Size: 27 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 31 KB
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  • #429,347
  • Apr 24, 2016 6:21pm Apr 24, 2016 6:21pm
Quoting Ill-b-back
Above weekly/monthly TL, trying a long at 1.43 targetting 1.46 Hope to retest the monthly wedge around 1.4720++ for a short {image} {image}

Dude...

WTF is this supposed to be?

Your randomly drawn trendlines are as relevant to market as monkeys flinging shit!

Don't force your chart to meet with somebody elses analysis.
Attached Image
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  • #429,348
  • Apr 24, 2016 6:29pm Apr 24, 2016 6:29pm
Quoting Magix
{quote} Dude... WTF is this supposed to be? Your randomly drawn trendlines are as relevant to market as monkeys flinging shit! Don't force your chart to meet with somebody elses analysis. {image}
  • #429,349
  • Apr 24, 2016 6:42pm Apr 24, 2016 6:42pm
Quoting Magix
{quote} Dude... WTF is this supposed to be? Your randomly drawn trendlines are as relevant to market as monkeys flinging shit! Don't force your chart to meet with somebody elses analysis. {image}
I trade my own analysis always, a good look at my post history will tell you that. That monkey looks nothing like me by the way, ears are way too big...Random lines? Lol....have a nice day
Come with me if you want to live....
  • #429,350
  • Apr 24, 2016 6:53pm Apr 24, 2016 6:53pm
Quoting Ill-b-back
{quote} I trade my own analysis always, a good look at my post history will tell you that. That monkey looks nothing like me by the way, ears are way too big...Random lines? Lol....have a nice day

Your post history?
lol

Why would I do that?


Random lines?
Yeah, totally fucking random.

Do this if you don't think they are random. Take them off of this chart. And then try to draw them again and be close to the same.
Impossible, because their is no logic by way of market or any other metric that these make sense on.

Your Trend Lines are to market, what my driver is to fairway.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,351
  • Apr 24, 2016 7:19pm Apr 24, 2016 7:19pm
Quoting pressok
​I'm still holding buy tp 4456 , let the market decided
Congrats who hold the buy
  • #429,352
  • Apr 24, 2016 7:44pm Apr 24, 2016 7:44pm
Quoting Magix
{quote} Your post history? lol Why would I do that? Random lines? Yeah, totally fucking random. Do this if you don't think they are random. Take them off of this chart. And then try to draw them again and be close to the same. Impossible, because their is no logic by way of market or any other metric that these make sense on. Your Trend Lines are to market, what my driver is to fairway....
honestly you're an idiot. Those weekly lines above price are the monthly wedge lines. You know what a wedge is?Now enough of your rude distractions.Goodby Magix
Come with me if you want to live....
  • #429,353
  • Apr 24, 2016 7:58pm Apr 24, 2016 7:58pm
Quoting Ill-b-back
{quote} honestly you're an idiot. Those weekly lines above price are the monthly wedge lines. You know what a wedge is?Now enough of your rude distractions.Goodby Magix



Awwwwwwwwww, peaches...

Did I hurt your little feelings???

Poor little fella.

Name calling?
Do we need to resort to that?

Just because I think your chart sucks is no reason to call me names....prove me wrong or prove you right and then let the fur fly, son....until then, can't we keep a little civility?

I'ma go out on a limb here.
1. You tried exactly what I suggested and couldn't come up with the same analysis twice, (ie, I'm right)
2. You just took a shit trade and got burned on it...(Not my fault)
3. You've guessed a couple of times correctly over your time at FF and trade dimes so think you can skate on that.
4. Nobody cares, Ace.

Your charts are shit. Anybody who can read a chart thinks the same, just most are too busy being polite to say it.

If I am the worst thing you find in markets, consider yourself lucky.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,354
  • Apr 24, 2016 10:01pm Apr 24, 2016 10:01pm
British Pound Downtrend May Finally be Over
https://www.dailyfx.com/forex/techni...i_gbp-usd.html
  • #429,355
  • Edited 11:06pm Apr 24, 2016 10:56pm | Edited 11:06pm
going long with a 4484 tp

i have know magix since he joined ff, he is good [ that will keep magix guessing about me for sometime ]
  • #429,356
  • Apr 24, 2016 11:02pm Apr 24, 2016 11:02pm
Quoting PatienceFx
going long with a 4484 tp i have know magix since he joined ff, he is good
longs are pretty stretched out currently, so yes 4484 / 4500 can stop the uptrend and bring a consolidation to the downside below 4400
  • #429,357
  • Apr 24, 2016 11:22pm Apr 24, 2016 11:22pm
after september 2015 we have broken above the daily 100 sma for the first time

cable will take time to savour this achievement

if daily 100 sma is considered as a trendline, then this was the first break

cable will try to go a littele higher probably 4484 / 4500 then drop back below this trendline

build up steam then try again

if the weekly lows of previous 3 weeks are connected we get a rough idea of a rising trendline

and a possible low for this week

if that is broken then cable may not find strength to rise again for some time, but chances are it will not be broken

swo there you have it " MY TRADE PLAN" for the next couple of weeks / months
  • #429,358
  • Apr 24, 2016 11:33pm Apr 24, 2016 11:33pm
same chart from days ago. GU is temp bullish right now guys its just caught up in a battle of bullshit between brexit and usd easing so the market doesn't know what to do with it. imo there are much easier trades out there
Attached Image (click to enlarge)
Click to Enlarge Name: GUD.png Size: 129 KB
  • #429,359
  • Apr 24, 2016 11:41pm Apr 24, 2016 11:41pm
Quoting raiders
same chart from days ago. GU is temp bullish right now guys its just caught up in a battle of bullshit between brexit and usd easing so the market doesn't know what to do with it. imo there are much easier trades out there {image}
make a chart with a trendline connecting the lows of rsi14 on an h4 chart
  • #429,360
  • Apr 24, 2016 11:44pm Apr 24, 2016 11:44pm
Quoting PatienceFx
{quote} make a chart with a trendline connecting the lows of rsi14 on an h4 chart
something similar to this

sorry had to collect that stupid chart to show how its done

** oh damn its macd

Attached Image
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