GBP / USD

Discussion in 'Interactive Trading' started by SLT, May 10, 2014.

  1. SLT

    SLT Official GDayFX.com Rep

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    Cable
     

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  2. SLT

    SLT Official GDayFX.com Rep

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    Cable
     

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  3. Kuzia

    Kuzia Well-Known Member

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    Hi wanted to ask you how you gonna act on the Bullish order blocks when the MS is bearish, what kind of bounce u expect if any at all?
     
  4. SLT

    SLT Official GDayFX.com Rep

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    Cable Long
     

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  5. SLT

    SLT Official GDayFX.com Rep

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    The good old confluence strategy, in a sell model
     

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  6. dentist007

    dentist007 Well-Known Member

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    cable
    4 hour data
    35 pips by 1 reversal
    close plot
    we gotta fake
    now back in support
     

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  7. jack

    jack Administrator Staff Member

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    Ooo.. alternative charting type..

    Point and Figure?
     
  8. dentist007

    dentist007 Well-Known Member

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    yes
    only that I use
     
  9. sqa

    sqa Village Scribe

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    Can't say I've seen that before. Now I'm curious. ;D
     
  10. SLT

    SLT Official GDayFX.com Rep

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    any indication, is a good indicator, when combined with the knowledge you already have...
    When is the best time to pull out that tool?
    Impulsive market?
    Sideways market?
    Bear/bull market correction?
     
  11. dentist007

    dentist007 Well-Known Member

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    daily data
    we can see the trend quite clearly that started in summer 2013
    di you buy all the dips ?? we did...
    now...from january this year price got messy...no real distinctive trend...that is why i posted the 4 hour yesterday of that area which consisted of an upmove ,a wide consolidation and then a fake....easy stuff when you know the trend
     

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  12. dentist007

    dentist007 Well-Known Member

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    cable 15 min data
    12 pips by 1 reversal
    close plot
    uptrend that started on 11th june
    lets see if that supp area holds
     

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  13. jack

    jack Administrator Staff Member

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    Apparently I left so much on the table during Friday's trading session:

    [​IMG]
     
  14. sqa

    sqa Village Scribe

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    Well, it WAS a Friday, so I don't blame yourself too much. It's one of those HTF bits that it was up to.

    1.7110 has been there rolling Support for 2 weeks. 1.7040 is the next lower HTF Key Support & Order Block collection. Friday appears to be several major players just unwound a massive amount of their Sell Positions, and possibly flipped them, but we'll see.

    I think everyone was surprised that happened on a Friday. Though it was a little funny to watch it bounce between levels on the chart for a few weeks.
     

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  15. shopster

    shopster Well-Known Member

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    a scalp mentality will always end up with table scraps in trading.

    s
     
  16. sqa

    sqa Village Scribe

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    Your 5.70 Fib extension is called "Shop Cuhuna"? :eek:
     
  17. Piper

    Piper Guest

    Shop's cahuna.. If ya arrive to the 5.7 you can go shopping ;)
     
  18. jack

    jack Administrator Staff Member

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    Hah... nice.

    I've been meaning to dig into that style of trading for a long time now. Glad you're finding some traction with it. :)
     
  19. Piper

    Piper Guest

    Tnx..
    After a year of spitting blood is about time :)
     
  20. jack

    jack Administrator Staff Member

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    Ok, let's try this again... Pound, if you could not run way past my TP and make me feel like I'm a chump for leaving so much on the table, that'd be great...

    [​IMG]

    (Talk of potential rate hike talk by BoE was sending the pound down.. I was to enter after the economic news release that caused the first big jolt down you see on the chart, but I was way late and didn't want to chase it.. so I took it after it pulled a little back and settled thinking we'd make another leg down, aiming for the obvious stops are obvious level as a target.)
     

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