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Cable Update (GBPUSD)

  • #448,161
  • Jan 27, 2017 8:36am Jan 27, 2017 8:36am
Quoting elbert3
Tp and short tight sl
74.10 stop could go long again play it as it shows
  • #448,162
  • Jan 27, 2017 8:55am Jan 27, 2017 8:55am
https://charts.mql5.com/13/896/gbpus...ex-group-3.png
This pair is pushing the week on bullish note on the back of Supreme Court judgment over Brexit and is likely to be in similar mode ahead. So, there might be further pick up before the market closes out today. It would be good chance to enter if there is any pullback here.
  • #448,163
  • Jan 27, 2017 10:08am Jan 27, 2017 10:08am
i think candles, MACD and other tools just showing current satiation if a suddenly have something happens then move can be change. am i right
One Day U Will Miss me!
  • #448,164
  • Jan 27, 2017 10:41am Jan 27, 2017 10:41am
Quoting elbert3
{quote} 74.10 stop could go long again play it as it shows
Yo yo trading 3 in a row . Will it go lower just had res on the day candle ?? Who has the power ??
  • #448,165
  • Jan 27, 2017 10:45am Jan 27, 2017 10:45am
Attached Image (click to enlarge)
Click to Enlarge Name: 36df825ac66b4874b34106b1211d6486.png Size: 41 KB
  • #448,166
  • Jan 27, 2017 1:31pm Jan 27, 2017 1:31pm
Short again 2554
  • #448,167
  • Jan 27, 2017 1:45pm Jan 27, 2017 1:45pm
Quoting elbert3
Short again 2554
I was holding out for 64 area for a quickie lol
  • #448,168
  • Jan 27, 2017 1:56pm Jan 27, 2017 1:56pm
very choppy market
  • #448,169
  • Jan 27, 2017 2:00pm Jan 27, 2017 2:00pm
Quoting elbert3
Short again 2554
sometimes ya get that last poke ,sometimes ya dont , picky this late on a friday lol
Attached Image (click to enlarge)
Click to Enlarge Name: GBP 2.jpg Size: 383 KB
  • #448,170
  • Jan 27, 2017 2:18pm Jan 27, 2017 2:18pm
Quoting digger1
{quote} sometimes ya get that last poke ,sometimes ya dont , picky this late on a friday lol GBP 2.jpg;2160356 {image}
It's happened before had a great day hope you had one too and der I say let's get ready to tumble
  • #448,171
  • Jan 27, 2017 2:21pm Jan 27, 2017 2:21pm
Quoting digger1
{quote} I was holding out for 64 area for a quickie lol
Don't want a quicky I want a big long one .??? Funny the wife said the same thing as we lied in bed last night lol regards Big boy xxxx
  • #448,172
  • Jan 27, 2017 2:39pm Jan 27, 2017 2:39pm
After a 2 weeks - 700 pips run, who else thinks that now is time for a pause ??
How to opt out annoying user signatures ??
  • #448,173
  • Jan 27, 2017 3:00pm Jan 27, 2017 3:00pm
Quoting Mr Breakout
The cable should hit 2570 in a few moments, however.
The cable did hit that 1.2570 level (around 4:15 AM EST), as expected, PayTheLimit.
Hope you moved your stop to break-even at that moment.
  • #448,174
  • Jan 27, 2017 3:06pm Jan 27, 2017 3:06pm
Alright, so who made the big bucks this week on the cable?
  • #448,175
  • Jan 27, 2017 3:38pm Jan 27, 2017 3:38pm
Quoting elbert3
{quote} Don't want a quicky I want a big long one .??? Funny the wife said the same thing as we lied in bed last night lol regards Big boy xxxx
ROFLMAO,, dont forget to unfold it next time lol
  • #448,176
  • Jan 27, 2017 11:36pm Jan 27, 2017 11:36pm
Quoting Toranaga
After a 2 weeks - 700 pips run, who else thinks that now is time for a pause ??
Not a pause exactly because this never happens. However on the higher time frames we now have to wait for a setup to form.

The 700 pips you speak of was a text book flag & pole taking 8 days or 192 hours to form and execute.

This move was pip perfect from bottom to top.
  • #448,177
  • Edited 12:40am Jan 28, 2017 12:21am | Edited 12:40am
Quoting PayTheLimit
All I'm stating is my opinion anyway. All I have to offer is what I've seen, and what my experience has been.
So you truly believe that the 1H charts could help day traders like me (I personally use the 5 and 15 minutes charts) make more money in the long run?

Fair enough.

Then please show us a single example/chart to prove your point, when you have a minute.

Thanks.

(For those of you who just joined us and didn't get to catch this conversation I maintain that the 1H charts are virtually worthless for day traders. It's like trying to extract a bad tooth with a jack hammer.)
  • #448,178
  • Jan 28, 2017 12:35am Jan 28, 2017 12:35am
15 min time frame.

Love the New York Fridays session 160 pips in a sideways move.
I will just take price action, sure levels are important for the bounce.
Some times you can just read too much into you chart. So I keep it simple.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 56 KB
  • #448,179
  • Jan 28, 2017 12:39am Jan 28, 2017 12:39am
Quoting Mr Breakout
{quote} So you truly believe that the 1H charts could help day traders like me (I personally use the 5 and 15 minutes charts) make more money in the long run? Fair enough. Then please show us a single example/chart to prove your point, when you have a minute. Thanks. (For those of you who just joined us and didn't get to catch this conversation I maintain that the 1H charts are virtually worthless for day traders)
that's a fair request.....but I don't know if I'll be able to pull it off.. but I can try..let me take a look at a few of your trades from Friday..
Look Sharp/Trade Tight
  • #448,180
  • Jan 28, 2017 12:53am Jan 28, 2017 12:53am
Quoting PayTheLimit
{quote} that's a fair request.....but I don't know if I'll be able to pull it off.. but I can try..let me take a look at a few of your trades from Friday..
No problem my friend, take your time.
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