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Cable Update (GBPUSD)

  • #431,681
  • Jun 1, 2016 4:47am Jun 1, 2016 4:47am
Quoting Bones
I'm saving you years of frustration {quote}
I'm with you bones....need your help

M8 what are those charts? I often see them in threads but when I lookup DFB I don't seem to find the answer?
Don't Leave Money on the Table
  • #431,682
  • Jun 1, 2016 5:28am Jun 1, 2016 5:28am
W5 and support h4
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  • #431,683
  • Edited 6:41am Jun 1, 2016 6:17am | Edited 6:41am
DFB I think daily funded bet ,no different to anyone else ,but win posted the other day I agree get rid of Sunday bar ,
Pro Real time I use ignore Sunday as only serves to clutter the chart for my eyes ,would be better if it added to Monday
Sunday mostly dose not matter enough ,only sometimes
close I'm happy GMT close,I have free version by broker ,cut down
but paid you can choose the close
also in my experience the 4 hour candle can offset price to mess with tls on daily ,makes sence if by the article pros don't use it

http://www.forexfactory.com/showthre...78#post8954878

Quoting HaLBot
{quote} I'm with you bones....need your help M8 what are those charts? I often see them in threads but when I lookup DFB I don't seem to find the answer?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #431,684
  • Jun 1, 2016 6:45am Jun 1, 2016 6:45am
hi 22 pip

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done
Closer To Dream
  • #431,685
  • Edited 8:18am Jun 1, 2016 6:54am | Edited 8:18am
this was a very unusual situ what the market had to do to close that gap ,gbp fights off $ bull run over all other majors
gbp rose on fresh air polls ,but great learning something not seen often ,real gap


What is a 'Fade'
A fade is a contrarian investment strategy used to trade against the prevailing trend. "Fading the market" is typically very high risk, requiring the trader to have a high risk tolerance. A fade trader would sell when a price is rising and buy when it's falling. Also known as "fading".


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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #431,686
  • Jun 1, 2016 7:09am Jun 1, 2016 7:09am
Quoting Bones
this was a very unusual situ what the market had to do to close that gap ,gbp fights off $ bull run over all other majors gbp rose on fresh air polls ,but great learning something not seen often ,real gap
It was an amazing run yesterday, wish I could have captured half of it....

what's the importance of the gap....and then closing the gap?
Don't Leave Money on the Table
  • #431,687
  • Edited 7:54am Jun 1, 2016 7:40am | Edited 7:54am
https://www.dailyfx.com/forex/educat..._In_Forex.html

gaps always filled one time or other ,amazing gbp aud could do that to me,then show such rejection,its a rare sight all in all
don't forget what the aud had to do

Quoting HaLBot
{quote} It was an amazing run yesterday, wish I could have captured half of it.... what's the importance of the gap....and then closing the gap?
Attached Image (click to enlarge)
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Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #431,688
  • Jun 1, 2016 7:50am Jun 1, 2016 7:50am
IMHO, GBPUSD drops towards 1.4350 support-confluence.
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  • #431,689
  • Jun 1, 2016 7:56am Jun 1, 2016 7:56am
I too think it will continue falling so I am still short on this pair. My target is at 1.4330.
  • #431,690
  • Jun 1, 2016 7:59am Jun 1, 2016 7:59am
Quoting Bones
https://www.dailyfx.com/forex/educat..._In_Forex.html gaps always filled one time or other ,amazing gbp aud could do that to me,then show such rejection,its a rare sight all in all don't forget what the aud had to do {quote} {image} {image}
Thanks Bones.....something to checkout, bit late over here now but will do tomorrow
Don't Leave Money on the Table
  • #431,691
  • Edited 8:43am Jun 1, 2016 8:30am | Edited 8:43am
don't forget gbp jpy ,tricky space ,consolation ,can't believe bullish while under 400 its just rejected ,what in next day or so ,difficult in this space ,
but careful open then minus 300


Quoting Bones
looks bearish off tl,pivotal zone {quote} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #431,692
  • Jun 1, 2016 9:30am Jun 1, 2016 9:30am
- reject 200ema (3 times)
- macd divergence
- trendline break
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  • #431,693
  • Edited 10:03am Jun 1, 2016 9:47am | Edited 10:03am
good down tl that really respected , ill be knocked down with a feather if it breaks to upside this week above that
lets be honest its to the pip on Mt4 on the daily ,say no to half hearted made up as you go along lines


Quoting Fx_Anil
IMHO, GBPUSD drops towards 1.4350 support-confluence. {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #431,694
  • Jun 1, 2016 10:29am Jun 1, 2016 10:29am
Quoting iamawaited
Looking for a superb martingale sell signal around that hard daily resistance 1.4735 betting my neighbor's house on it to break that daily support 1.4358. For now will let my EU trade run 70 pips up. {image}
My eyes are still on that level. 1.473x. The aggressive method i am trying out on my live account is doing good so far. Plus 180 pips so far today and 1,328 pips for the week. Nice.
Trading Eternal...... Shiny & Chrome!!!!
  • #431,695
  • Jun 1, 2016 10:51am Jun 1, 2016 10:51am
Quoting iamawaited
{quote} My eyes are still on that level. 1.473x. The aggressive method i am trying out on my live account is doing good so far. Plus 180 pips so far today and 1,328 pips for the week. Nice.
Not bad on a market thats moved 106. Suspect you mean 18.
  • #431,696
  • Jun 1, 2016 10:55am Jun 1, 2016 10:55am
Sell @ 1:4404, TP 4330
  • #431,697
  • Jun 1, 2016 10:55am Jun 1, 2016 10:55am
bear had today no trade for me
  • #431,698
  • Jun 1, 2016 10:57am Jun 1, 2016 10:57am
Quoting claudia1
{quote} Not bad on a market thats moved 106. Suspect you mean 18.
i think 179 which i closed with is vivid enough on my trade explorer. Pls... Browse before you comment. Meanwhile i am waiting for AU and EU to go lower so i can buy again. cheers.
Trading Eternal...... Shiny & Chrome!!!!
  • #431,699
  • Jun 1, 2016 11:00am Jun 1, 2016 11:00am
Quoting iamawaited
{quote} i think 179 which i closed with is vivid enough on my trade explorer. Pls... Browse before you comment. Meanwhile i am waiting for AU and EU to go lower so i can buy again. cheers.
Bad comment will be reported bye.
  • #431,700
  • Jun 1, 2016 11:16am Jun 1, 2016 11:16am
how about some correction for a nice short opp tomorrow

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