Help Me Establish The GbpUsd After Dinner Club - Page 3
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Thread: Help Me Establish The GbpUsd After Dinner Club

  1. #21
    Thats correct. This is a 5 minute chart. From what I know heres the way I think I'd look at it. Even though the consumer sentiment is simply yellow it seems that it transfer the pound in favour of the dollar. Which is was a positive report for the dollar. I'd say the high was established at 7:20 and with it retracing after consumer sentiment report at around 10 am I'd probably think I overlooked the retrace. This is a humorous day due to 10:30am the range to the pound dollar had just been 50 pips. Which the pound because 2006 has stayed in that range 4 times because 2006 and much less then 60 nine times. I'd be thinking a significant deal or probably again basing my thinking on the 9am news announcement it may go down again. Which of course it went up. Thats a fantastic one because of little movement up to this point.

    But of course when it spiked up I'd have gathered my wits and entered later off of the spike to hit a at .50 You know what I mean. Who knows perhaps I would have. I shouldn't make fun of me.

  2. #22

  3. #23
    Interesting thread you started.
    I had noticed originally, then stopped paying attention that there is a fast spike, possibly 5pips everyday at either 11am or 12pm when London closes(based on daylight savings etc). There possibly a correlation to what you're seeing. I figured this happens because following 11-noon, everything appears to come to a slowdown.
    Perhaps you're 10:30 monitoring becomes the constraints of this range until the next London session, sometimes Asian. I'll have to look.

  4. #24
    Together with everthing in Forex there are patterns and variations to those patterns. I have discovered the 10am and there afterwards is a dead zone for forex against several specialists. But when you consider it It may be like I stated another means to get or save a few pips and perhaps some moment. Not likely to have a perfect set up all of the time but that is true with every system and each currency.

  5. #25
    This is yet another look at chart 7. The final range for its gbpusd that afternoon was 70 pips. Which that has occurred just 19 times of the previous 280 trading days (for a 7% probability rate) which makes it unusually harder to exchange, for me anyhow. Since you can see a possible entry with a target at the 50 fib level is just 15 pips minus your spread, does not make it a very good trade for me. Plus when I am trying to establish something about a 5 minute chart, well.... Lets put it this way from a 5 minute chart then I do.

  6. #26
    Quote Originally Posted by ;
    Here is yet another look at chart 7. The final range for the gbpusd that day was 70 pips. Which that has occurred only 19 days of the previous 280 trading times (for a 7% probability rate) which makes it remarkably harder to trade, for me anyway. As you can observe a possible entry having a goal at the 50 fib degree is only 15 pips minus your spread, does not make it a really good trade for me. Plus when I am attempting to prove something on a 5 minute chart, nicely.... Lets put it this way some work better off of a 5 minute chart I do.
    On the day, not now with hindsight, why do you have used the spike which happened right after 1000? Could you have'waited' for the spike which happened later on? Could you have known or thought that it would occur?

    I'd have been tempted to realize that first spike, after which the drop following it since the'action'.

  7. #27
    Are you speaking about the spike?
    Quote Originally Posted by ;
    On the afternoon, perhaps not today with hindsight, why would you not have employed the spike which occurred right after 1000? Could you have'waited' for your spike which occurred on? Just how and why could you have known or thought it would occur?

    I'd have been tempted to realize that first spike, then the fall after it because the'activity'.

  8. #28
    I believe this is due to pivot-point traders, they are day-traders who generally offer the currency some opportunity to set up a standing relative to the pivot line prior to placing their transactions.

  9. #29
    Yes that makes sence. It almost seems like a new change came on and told the men they were moving in the wrong direction.

  10. #30

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