GBPUSD

victorycountry · Apr 11, 2016

I Know You said:
There are macro trends in currencies!

But we're talking about trading not bond investment ...

I Know You · Apr 11, 2016

victorycountry said:
I only trade in the direction of the dominant trend

And it is derived from ... time frame.

victorycountry · Apr 11, 2016

SunTrader said:
View attachment 163550 Looking at (on a one hour chart) swing down from March 30th high drop was -3.14%. So called V bottom retraced only +1.19%

Big deal!

The trend might be up but ... THE trend is down

The intraday trend develops from 30 minute time frame...

Turveyd · Apr 11, 2016

victorycountry said:
The intraday trend develops from 30 minute time frame...

You have some bad logic, you need to unlearn if your going to have a chance of making it as a intraday trader.

The daily trend gives you such a small intraday edge, its really not worth worrying about.

radex78 · Apr 11, 2016

This mornng pair gbousd still in flat condition, not yet occur good movement on this pair, but yesterday tis pair figure out bullish candle daily timeframe and might waiting london session market might will move more volatile

victorycountry · Apr 11, 2016

radex78 said:
This mornng pair gbousd still in flat condition, not yet occur good movement on this pair, but yesterday tis pair figure out bullish candle daily timeframe and might waiting london session market might will move more volatile

yep, I made a good profit yesterday...I was expecting it cos past two days were inside bars, and thus, the next bar was going to be super bullish bar. You just need to apply deduction to predict next price movement ; you just need to be careful when prices approach new high or low

radex78 · Apr 13, 2016

victorycountry said:
yep, I made a good profit yesterday...I was expecting it cos past two days were inside bars, and thus, the next bar was going to be super bullish bar. You just need to apply deduction to predict next price movement ; you just need to be careful when prices approach new high or low

Seems today gbpusd move down but still hold on 4 hour timeframe not yet break low previous daily macd histogram show on bullish pattern,but today I see will released news for usd about retail sales and ppi

victorycountry · Apr 13, 2016

radex78 said:
Seems today gbpusd move down but still hold on 4 hour timeframe not yet break low previous daily macd histogram show on bullish pattern,but today I see will released news for usd about retail sales and ppi

sorry to disappoint you but its clearly bearish now especially after the inverse V pattern and after hitting daily resistance yesterday.

radex78 · Apr 14, 2016

Today gbpusd continue bearish following previous daily but weekly movement this pair still having tendencies to on range weekly

victorycountry · Apr 27, 2016

radex78 said:
Today gbpusd continue bearish following previous daily but weekly movement this pair still having tendencies to on range weekly

Yes, GBPUSD is in bearish sentiment from today. In terms of news, yesterday's news was bad news, and in terms of TA, prices had new high two days ago and buyers are reluctant to bid higher and thus, yesterday was rolling period. So it's time for short positions. But prices will likely to rise temporary in the opening London session and that's when you can initiate your short position .