GBPUSD thoughts

[willoneau]

Huge spike to last weeks low and covered gap any thoughts?

 

[andymac]

and there is my original target hit for GBP, could almost guarantee that after i took myself out of the trade half an hour ago

 

[willoneau]

not too often will, sometimes if i am feeling bright but if i am a bit tired i flick it, this is hard going and if not really switched on i make even more stuffups

i agree with mistakes and needing to control ME this thread is helping me control that part of my trading.

 

[andymac]

Huge spike to last weeks low and covered gap any thoughts?

am i bit either way on all at the present moment

 

[willoneau]

and there is my original target hit for GBP, could almost guarantee that after i took myself out of the trade half an hour ago

Did you take yourself out following your plan or gut feeling?

 

[Triple B]

This is what the 4h looks like to me

 

[andymac]

Did you take yourself out following your plan or gut feeling?

yep right question thank you- plan says if trade stops at ABC - 100% extension of leg 1 "beware" and be ready to exit - so prob did the right thing.

 

[willoneau]

If you look back to earlier comments i was thinking 2920 and 3000 but for yesterday

 

[andymac]

This is what the 4h looks like to me

View attachment 90281

and that is why i had been paying no attention to it triple, it is just slowly winding tighter waiting.... i presume.... for for an end to brexit, but after watching you guys last night, it is actually moving quite nicely on smaller time frames

 

[willoneau]

This is what the 4h looks like to me

View attachment 90281

I would be lying if i said i didn't look at larger time frames, those triple tops are part of why I'm short bias

 

[Triple B]

15min wide view switched from 4hr and 0.500s marked

 

[willoneau]

peter2 mentioned brexit, just not sure when it happens?

 

[willoneau]

15min wide view switched from 4hr and 0.500s marked
View attachment 90282

So do you use that chart as part of your trading plan Triple B?

 

[andymac]

peter2 mentioned brexit, just not sure when it happens?

i don't think anyone is sure when it happens or if it happens, the deadlines seem to move regularly,

 

[Triple B]

Look at 4h first then mark it up . switch that chart to 15min and mark 0.5s then mark trend lines on 15min in different colour like this. The green horizontal line was not on my chart last night . Thats is a charting error for me. Blue arrow was counter trend entry above previous high.
I had target at 1.2990. another error due to not marking chart correctly with green hz line.
as a result trade turned over night and stop was hit just below 1.28500

 

[andymac]

Look at 4h first then mark it up . switch that chart to 15min and mark 0.5s then mark trend lines on 15min in different colour like this. The green horizontal line was not on my chart last night . Thats is a charting error for me. Blue arrow was counter trend entry above previous high.
I had target at 1.2900. another error due to not marking chart correctly with green hz line.
as a result trade turned over night and stop was hit just below 1.28500
View attachment 90283

thank you triple your good with the charting

 

[willoneau]

Thanx for your honest explanation Triple B, great to see other interpretations at play.

 

[Triple B]

Just changed the target was 1.2990 not 1.2900 as that would have been hit.
I just use what makes sense to me . Its as simple as i can make it

 

[andymac]

so as i am still here for the fun bit, i have long orders sitting above recent highs on AUD and on us500 as they have good setups for longs if those highs are broken, but have to watch the open whipsaw and if orders are not triggered within about 30min of open that will be my lot done

 

[andymac]

Just changed the target was 1.2990 not 1.2900 as that would have been hit.
I just use what makes sense to me . Its as simple as i can make it

simple always good