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Cable Update (GBPUSD)

  • #450,521
  • Mar 2, 2017 2:23pm Mar 2, 2017 2:23pm
Quoting MXT
{quote} hey Digger , i like your chart - you're right about your 15m H&S patterns
Wasent ignoreing ya mxt, just not by cp atm, yea you get a daily chart or 8 hour with stochs ,,,, rsi ,,,, macd or whatever you ise pointing down or looking flatter than a one sided pancake on the bottom,,,, those are worth paying attension too
  • #450,522
  • Mar 2, 2017 2:32pm Mar 2, 2017 2:32pm
Quoting fxdeductions
{quote} Hi yes so with the 10, 20, 50, 200 on the 5min there is no spacing, so presumably there is no real snapback either with the trend or against the trend? so with the added ema's a snapback opportunity will present itself clearly? Is this what you mean? {image} {image} {image}
Yes and I see you have a upper tl . The day chart is in consolidation . It might want to go long to the 200 but it might space out and go short Regards E
  • #450,523
  • Mar 2, 2017 2:46pm Mar 2, 2017 2:46pm
Quoting elbert3
{quote} Yes and I see you have a upper tl . The day chart is in consolidation . It might want to go long to the 200 but it might space out and go short Regards E
yes I noticed how the TL on fifteen broke down followed by some tl attraction/snapback and I often see the mirror image from bear to bull or bull to bear.

what do you think?

so my hope is that PA will mirror the bear break and get pushed north fast.

could be tomorrow, hence 1.2367
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  • #450,524
  • Mar 2, 2017 3:11pm Mar 2, 2017 3:11pm
Quoting fxdeductions
{quote} yes I noticed how the TL on fifteen broke down followed by some tl attraction/snapback and I often see the mirror image from bear to bull or bull to bear. what do you think? so my hope is that PA will mirror the bear break and get pushed north fast. could be tomorrow, hence 1.2367 {image} {image}
That my friend I will leave you with . I am only telling you a bit of how I trade I would not be responsible for any losers . There only tools that one has but tools break just like tractors .? so with education all over the net with the best will on the world we don't know 100% where price will go on body in this fx trade knows . Nobody . But we can have a good idea on a tirend . But a trend could be a thousand pips wide . And there the fx game lays . Unless one as a large acc and can afford to let a losing trade run until it comes back then we see traders lose their money . They might be in the right trend but just not in at the right time ?? You might of seen my morecombe and wise clip Good night E
  • #450,525
  • Mar 2, 2017 3:11pm Mar 2, 2017 3:11pm
3rd for today

image 1: 1min
image 2: 5min
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  • #450,526
  • Mar 2, 2017 3:14pm Mar 2, 2017 3:14pm
http://www.dailymotion.com/video/x31b29r
  • #450,527
  • Mar 2, 2017 3:14pm Mar 2, 2017 3:14pm
Quoting elbert3
{quote} That my friend I will leave you with . I am only telling you a bit of how I trade I would not be responsible for any losers . There only tools that one has but tools break just like tractors .? so with education all over the net with the best will on the world we don't know 100% where price will go on body in this fx trade knows . Nobody . But we can have a good idea on a tirend . But a trend could be a thousand pips wide . And there the fx game lays . Unless one as a large acc and can afford to let a losing trade run until it comes back...
Ok thanks for your help buddy.

Don't worry I am veteran trader, just stubborn in old habbits that need to be reviewed, a weeks hard work follow by a weeks loss.

for years I keep repeating the same scenario, it has been very frustrating.

for years I keep doing the same style of trading.

I need to change my approach to the market and learn to use stops.

Really want to diversify.

thanks for your input elbert.
  • #450,528
  • Mar 2, 2017 3:28pm Mar 2, 2017 3:28pm
Quoting fxdeductions
{quote} Ok thanks for your help buddy. Don't worry I am veteran trader, just stubborn in old habbits that need to be reviewed, a weeks hard work follow by a weeks loss. for years I keep repeating the same scenario, it has been very frustrating. for years I keep doing the same style of trading. I need to change my approach to the market and learn to use stops. Really want to diversify. thanks for your input elbert.
Lol did you watch the clip
  • #450,529
  • Mar 2, 2017 3:29pm Mar 2, 2017 3:29pm
Quoting elbert3
{quote} That my friend I will leave you with . I am only telling you a bit of how I trade I would not be responsible for any losers . There only tools that one has but tools break just like tractors .? so with education all over the net with the best will on the world we don't know 100% where price will go on body in this fx trade knows . Nobody . But we can have a good idea on a tirend . But a trend could be a thousand pips wide . And there the fx game lays . Unless one as a large acc and can afford to let a losing trade run until it comes back...
sorry one last thing elbert, this will make you laugh.

look at this.

this is exactly my bad habbit, price moved to ward my stop, so I panic and remove the stop

I need help
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  • #450,530
  • Mar 2, 2017 3:49pm Mar 2, 2017 3:49pm
Quoting fxdeductions
{quote} sorry one last thing elbert, this will make you laugh. look at this. this is exactly my bad habbit, price moved to ward my stop, so I panic and remove the stop I need help {image}
Tell me if I am wrong . The entry for me would of bee the red doji on the left about 2280 ????? And stop should be 8 pips above for me then if and when it does break down you have to wait until you see it hit the bottom of that doji and hopefully move down or up depending on your trade the move stop to be when possible . If you get stopped or you don't lose .and if price moves down below the ema keep it just above the ema your using ! But your scared of losing your account because it is not that big ???? If that is the case place only small amounts . I have been there where I have thrown a lot on a trade and you get stufffffed . Greed will kill accounts .slowly slowly . Fx had been here for years and hope fully it will stay ,? So you have plenty of time .zzzzzz
  • #450,531
  • Mar 2, 2017 3:58pm Mar 2, 2017 3:58pm
Quoting elbert3
{quote} That my friend I will leave you with . I am only telling you a bit of how I trade I would not be responsible for any losers . There only tools that one has but tools break just like tractors .? so with education all over the net with the best will on the world we don't know 100% where price will go on body in this fx trade knows . Nobody . But we can have a good idea on a tirend . But a trend could be a thousand pips wide . And there the fx game lays . Unless one as a large acc and can afford to let a losing trade run until it comes back...
-------
"world we don't know 100% where price will go on body in this fx trade knows . Nobody ." = very WRONG , if u could get an True BankOrderFlow than u
can Predict for 99.9 % where price will go
da n0o0b + $hit_Disturber
  • #450,532
  • Mar 2, 2017 4:03pm Mar 2, 2017 4:03pm
Quoting elbert3
{quote} Lol did you watch the clip
very funny show.
  • #450,533
  • Mar 2, 2017 7:04pm Mar 2, 2017 7:04pm
Quoting fxdeductions
{quote} very funny show.
Hey fxdeductions, dont want to confuse you with more stuff lol, and E my main chart is an H 8 chart, remember Im just a simple farmer lol, 1 day 3 sessions a day,hence the 8 hour chart,,,,,,,,,,,,, A trader friend introduced me to camarilla pivots many moons ago I have used them ever since with the main ones being the quarterly and weekly time periods ,,,,,,,,,,,,,,,,, 4 main levels to watch-- rollover or open,,,,,,, H3 , H4 and H5 those are above the open ,,,,,,L3, L4 and L5 these are below the open,,,,,,,,,, crux of the matter is simply this , mkt opens trades above it , it will go to H3,,,,,,,,,,,,,,,trades below open it will go to L3 those are areas to be looking for reversals,,,,,,,,,, if it trades thru the 4 level then its going to the 5 level for a tgt ,,,,, which the gbp has done this week it is currently sitting just below the L5 weekly level ,,,,,,,, it had 2 little pokes above the weekly open which also happened to be the weekly pivot area (open level tends to get used as both resistence and support I ll show that after the quarterly,, sh eet this takes for ever lol,,,,,,,, 1st chart is the H8 , tried not to condense it any more than I had to too fit it in,,,,,,,,, starts out just below the QL3 , right at last quarters low,,,, a natural attraction,,,,,,,,,,,, then seemly out of nowwhere a blast back to the quarterly open, blamed on brexit not being as bad as forecast for the gbp and also some higher int rates talk for the gbp in that same time ,,,,,,,,,,,,,,,,1st yellow circle in the stochs ,,,,,, stayed at the top, kinda crouching down to leap up ----simple farmer,, my definition,,,,,,, and it did leap right to just above the QH3 level now the 2nd time up there ,,,,,,,,2nd yellow circle-- stoch is backing up the hill to fall off the other side and once again simple farmer,,,,,,,,, kinda looking at the size of the crouching one and the backing up the hill one ,,,,,,,,,, who ever got in on the 1st circle ,,,,,,got out plus brought a few pals with them to sell at the 2nd one ,,,,,,,,, that last poke up (the one on the 23rd and 24th of this month was your snap up to sell the shit out of lol, and here we are back below quarterly open,,,, stoch was sitting way to low on the 8 hour plus the daily stoch had drifited below the 50 level, and that blip up on the daily was your snap up lol,,,,,,,,,,,,,,,, those green circles I was buying the crap out of , till price slipped below it, now I will sell the crap out of it till price stays above it ,,,,,,,,,,, as stated dont want to confuse you but thats how I use the tools I use ,, if your gonna buy or sell an average you want good pokes thru them then catch the retest,,,, when pointing one way thats probably the way you should be trading,,,,,,,,,,,1st chart 8 hour ,,,,,,,2nd chart daily
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  • #450,534
  • Mar 2, 2017 7:33pm Mar 2, 2017 7:33pm
as promised lol, 15 minute with the weekly levels , light gray areas are the daily cam L and H 3 and 4 levels ,,,,,,,, looking for it to start chopping up and using those levels as resistence trying to get back to the weekly open or not lol,,,,,,still got E s 2170 to get ,lol
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  • #450,535
  • Mar 2, 2017 7:39pm Mar 2, 2017 7:39pm
Keep swinging fxd,,,,,,, just dont get married to a direction,,,,,, or see shit that aint there ,,,,,,,,,,, the market like an ex spouse will break you for being stubborn
  • #450,536
  • Mar 2, 2017 9:35pm Mar 2, 2017 9:35pm
Too much pressure on the down side.. Major chances of GBPUSD to plunge to 2200 level
Markets are Irrational
  • #450,537
  • Edited 11:04pm Mar 2, 2017 9:56pm | Edited 11:04pm
Quoting ArslanHyder
Too much pressure on the down side.. Major chances of GBPUSD to plunge to 2200 level
-------

, on same page m8 = TP1 @1.22277 , TP2 will post L8R , SL man.
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da n0o0b + $hit_Disturber
  • #450,538
  • Mar 2, 2017 10:07pm Mar 2, 2017 10:07pm
GBPUSD 3rd March 2017
near to Support area
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Life is too short , So keep smiling
  • #450,539
  • Mar 2, 2017 10:47pm Mar 2, 2017 10:47pm
NEXT 1.2153
#Trade what you see and not what your think
  • #450,540
  • Mar 2, 2017 10:55pm Mar 2, 2017 10:55pm
Morning 12 chart has doji but not in a clear position at 2243 bottom sell below that I would say any up would be 2340 to 2370 and sell orders are on them
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