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Cable Update (GBPUSD)

  • #430,641
  • May 9, 2016 12:04am May 9, 2016 12:04am
Quoting Geppy
hey everyone, here's what I'm seeing in GBP/USD this week. Curious what others are thinking. {image}
it could pop from your line @ 1.433-8, atm watching for PA
  • #430,642
  • May 9, 2016 12:16am May 9, 2016 12:16am
gbp move down tooday.
sell gbp at curren [email protected]
first target:1.430000000000000
joine me mql5.........
  • #430,643
  • May 9, 2016 12:25am May 9, 2016 12:25am
Quoting inRoozaan
{quote} Hi Tom Curious what's those vertical spectrum on your posted chart n if mention-able, what strategy you use? Regards
Morning!

It's called market profile. The basic idea behind it is that the areas where price spends the most time (or most volume) are considered to be "fair".

That's a relatively good intro:
http://www.traderslaboratory.com/forums/market-profile/
Inserted Video

http://www.forexfactory.com/showthread.php?t=482744
http://www.forexfactory.com/showthread.php?t=277528

It's not some kind of dark magic though. Seen many traders trading without it.

Cheers,
Tom
  • #430,644
  • May 9, 2016 2:00am May 9, 2016 2:00am
Scalping long GBPUSD tight SL
Attached Image (click to enlarge)
Click to Enlarge Name: GPBUSD May.png Size: 36 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #430,645
  • May 9, 2016 2:15am May 9, 2016 2:15am
Quoting Pat Chiko
Scalping long GBPUSD tight SL {image}
Yes scalped for 20 pips plus.
  • #430,646
  • May 9, 2016 2:19am May 9, 2016 2:19am
Gap Filled!!!
  • #430,647
  • May 9, 2016 2:32am May 9, 2016 2:32am
sell target 1.435
  • #430,648
  • May 9, 2016 3:10am May 9, 2016 3:10am
Quoting arasheed
{quote} Yes scalped for 20 pips plus.
gone....
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #430,649
  • May 9, 2016 3:34am May 9, 2016 3:34am
Quoting Pat Chiko
{quote} gone....
Another Scalping....
Attached Image
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #430,650
  • May 9, 2016 3:41am May 9, 2016 3:41am
It will further growth?

Attached Image (click to enlarge)
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  • #430,651
  • May 9, 2016 3:58am May 9, 2016 3:58am
adding short, target 1.437
  • #430,652
  • May 9, 2016 4:13am May 9, 2016 4:13am
head and shoulders. A great opportunity to get in longs. target 1.49-150
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 64 KB
  • #430,653
  • May 9, 2016 4:21am May 9, 2016 4:21am
I have a long open but my target is only 1.4460. I don't dare keep it open any higher than that.
  • #430,654
  • May 9, 2016 4:37am May 9, 2016 4:37am
Quoting mlawson71
I have a long open but my target is only 1.4460. I don't dare keep it open any higher than that.
Congrat, you've reached your TP 1.44619.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #430,655
  • May 9, 2016 4:43am May 9, 2016 4:43am
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Money moves the market, not an indicator.
  • #430,656
  • May 9, 2016 4:46am May 9, 2016 4:46am
Quoting andoseg2
{image}
aligned with thurs if they cut obr which i think is very likely
  • #430,657
  • May 9, 2016 5:32am May 9, 2016 5:32am
Does anyone use the 200EMA? and if so, how do you use it.

I usually have the H1, H4, D1 open and plot it on there.
  • #430,658
  • May 9, 2016 6:15am May 9, 2016 6:15am
Quoting trademb
Does anyone use the 200EMA? and if so, how do you use it. I usually have the H1, H4, D1 open and plot it on there.
It should also be on the time frame you use for trade entry. Its direction on that time frame should align with its direction on the higher time frame you use for market direction.

KP
Do your homework, follow the footprints of smart money
  • #430,659
  • May 9, 2016 9:58am May 9, 2016 9:58am
m5

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  • #430,660
  • May 9, 2016 12:28pm May 9, 2016 12:28pm
#GBPUSD I'm on the sideline for now, dates I'm watching are 5-11-16 pound is trying to get above that 1.4450
Attached Image
"W. D. Gann said that time is the most important factor among all things."
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