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Cable Update (GBPUSD)

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  • Post #507,661
  • Quote
  • Jan 6, 2020 9:50am Jan 6, 2020 9:50am
  •  navk
  • Joined Oct 2010 | Status: Trader | 13,337 Posts | Invisible
do not get carried away by todays up move. It is just correction on hourly.

Daily and 4 hr still selling only.
Intra day only.
 
3
  • Post #507,662
  • Quote
  • Jan 6, 2020 9:58am Jan 6, 2020 9:58am
  •  Moty
  • Joined Dec 2017 | Status: Member | 18,380 Posts | Online Now
Quoting navk
Disliked
do not get carried away by todays up move. It is just correction on hourly. Daily and 4 hr still selling only.
Ignored
I am considering proposing to this flag
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  • Post #507,663
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  • Jan 6, 2020 10:09am Jan 6, 2020 10:09am
  •  navk
  • Joined Oct 2010 | Status: Trader | 13,337 Posts | Invisible
Quoting Moty
Disliked
{quote} I am considering proposing to this flag {image}
Ignored
how come you are ale to see my post ? I am wondering... you know why.

Intra day only.
 
1
  • Post #507,664
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  • Jan 6, 2020 10:13am Jan 6, 2020 10:13am
  •  navk
  • Joined Oct 2010 | Status: Trader | 13,337 Posts | Invisible
Quoting Moty
Disliked
I am back !!!!! Long . Sl 1.31300 Tp 1.31738 {image}
Ignored
today is still in buy mode, may be tomorrow also. yeah. But let us see 1.3200
Intra day only.
 
1
  • Post #507,665
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  • Edited at 10:44am Jan 6, 2020 10:23am | Edited at 10:44am
  •  Moty
  • Joined Dec 2017 | Status: Member | 18,380 Posts | Online Now
are you ready ?????
wow , it's good to be back
if i will be stoped out , i will re enter at 1.31087
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  • Post #507,666
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  • Jan 6, 2020 10:29am Jan 6, 2020 10:29am
  •  Pumi
  • Joined Nov 2017 | Status: Member | 462 Posts
Quoting Ayax.TSS
Disliked
#GBPUSD / H4 {image}
Ignored
Don't you think that Wave B is incomplete and that the current uptrend is completing wave c of B (B is a Zig-Zag)?
 
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  • Post #507,667
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  • Jan 6, 2020 10:35am Jan 6, 2020 10:35am
  •  knkie
  • Joined Apr 2012 | Status: Member | 5,648 Posts
Quoting navk
Disliked
{quote} today is still in buy mode, may be tomorrow also. yeah. But let us see 1.3200
Ignored

if H4 closes above 3150 id say buy mode is completely back.
if it rejects this on H4 i think we go down again.

But this is exactly the type of situation i do not like: too many if this's & if that's.
Need more confluence !
in wondering about yourself, you forgot what you came here to be part of
 
1
  • Post #507,668
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  • Jan 6, 2020 12:13pm Jan 6, 2020 12:13pm
  •  greengp
  • Joined Oct 2017 | Status: Member | 3,500 Posts
Quoting greengp
Disliked
{quote} for me now $ 1 equals $ 5 now i am not giving to leave them
Ignored

$7.5 TO $ 1
 
 
  • Post #507,669
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  • Jan 6, 2020 12:19pm Jan 6, 2020 12:19pm
  •  greengp
  • Joined Oct 2017 | Status: Member | 3,500 Posts
Quoting greengp
Disliked
{quote} $7.5 to $ 1
Ignored
so many people ignored me but i still look for direction. Keep listen to music and some wine
 
 
  • Post #507,670
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  • Jan 6, 2020 12:29pm Jan 6, 2020 12:29pm
  •  FloatingCha
  • | Joined May 2013 | Status: Member | 490 Posts
did you guy can "really" tell that GBP is up trend or down trend ... ? lol for me in GBP is no trend "in reallity"
 
 
  • Post #507,671
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  • Jan 6, 2020 12:30pm Jan 6, 2020 12:30pm
  •  Ra.
  • Joined Sep 2018 | Status: Member | 797 Posts
Quoting knkie
Disliked
{quote} if H4 closes above 3150 id say buy mode is completely back. if it rejects this on H4 i think we go down again. But this is exactly the type of situation i do not like: too many if this's & if that's. Need more confluence !
Ignored
almost at a coin flip, the 4h bearish pin head can be a false flag for sure.
 
1
  • Post #507,672
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  • Jan 6, 2020 12:35pm Jan 6, 2020 12:35pm
  •  Moty
  • Joined Dec 2017 | Status: Member | 18,380 Posts | Online Now
The original Taken Profit 1.31738 reached . minwhile my appetite is grew.
Black Line symbolizes the hourly 20 sma , from there take the trade after the sma 20 h & l channal breach
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  • Post #507,673
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  • Jan 6, 2020 12:42pm Jan 6, 2020 12:42pm
  •  navk
  • Joined Oct 2010 | Status: Trader | 13,337 Posts | Invisible
Quoting knkie
Disliked
{quote} if H4 closes above 3150 id say buy mode is completely back. if it rejects this on H4 i think we go down again. But this is exactly the type of situation i do not like: too many if this's & if that's. Need more confluence !
Ignored
Daily close above 3150, likely to be more bullish tomorrow, I agree.
Intra day only.
 
1
  • Post #507,674
  • Quote
  • Jan 6, 2020 12:48pm Jan 6, 2020 12:48pm
  •  knkie
  • Joined Apr 2012 | Status: Member | 5,648 Posts
Quoting Ra.
Disliked
{quote} almost at a coin flip, the 4h bearish pin head can be a false flag for sure.
Ignored
agreed
i think the chart is showing traders dont know what to make of the international situation.
One would think the USD would be weaker but its hanging in there.
Its mainly JPY & AUD that are weak today.

3170 area is prooving to be very difficult to break.

As you said: coin flip
in wondering about yourself, you forgot what you came here to be part of
 
 
  • Post #507,675
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  • Jan 6, 2020 12:55pm Jan 6, 2020 12:55pm
  •  navk
  • Joined Oct 2010 | Status: Trader | 13,337 Posts | Invisible
Quoting knkie
Disliked
{quote} agreed i think the chart is showing traders dont know what to make of the international situation. One would think the USD would be weaker but its hanging in there. Its mainly JPY & AUD that are weak today. 3170 area is prooving to be very difficult to break. As you said: coin flip
Ignored
3170 not likely to break today.

Also I see it is hourly resistance.

A pull back close to 3140 tomorrow before pushing up.
Intra day only.
 
 
  • Post #507,676
  • Quote
  • Edited at 1:09pm Jan 6, 2020 12:55pm | Edited at 1:09pm
  •  Coreg2004
  • Joined Oct 2009 | Status: Member | 2,053 Posts | Online Now
Quoting Pumi
Disliked
{quote} Don't you think that Wave B is incomplete and that the current uptrend is completing wave c of B (B is a Zig-Zag)?
Ignored
Pumi, yes, it is possible GU might make another leg up... I changed my labeling after the 6th day of correction (AB) which matches 0A retracement in time, also 6 days (agreement with the guidelines)...It's the market, every option is always on the table until the pattern becomes clear...
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Always trade your own plan
 
2
  • Post #507,677
  • Quote
  • Jan 6, 2020 1:01pm Jan 6, 2020 1:01pm
  •  knkie
  • Joined Apr 2012 | Status: Member | 5,648 Posts
Quoting navk
Disliked
{quote} 3170 not likely to break today. Also I see it is hourly resistance. A pull back close to 3140 tomorrow before pushing up.
Ignored
lol
very good !

H1 is the frame i was using for that level

and then there is 3182 on the day chart

thats too much R for today i would think as well
in wondering about yourself, you forgot what you came here to be part of
 
 
  • Post #507,678
  • Quote
  • Jan 6, 2020 1:55pm Jan 6, 2020 1:55pm
  •  knkie
  • Joined Apr 2012 | Status: Member | 5,648 Posts
Probably risky and too early:

SELL 3161
trgt 3129
in wondering about yourself, you forgot what you came here to be part of
 
1
  • Post #507,679
  • Quote
  • Jan 6, 2020 1:56pm Jan 6, 2020 1:56pm
  •  morfes2
  • Joined Jul 2015 | Status: Member | 352 Posts
https://youtu.be/0_uiXlhDqTg
 
 
  • Post #507,680
  • Quote
  • Jan 6, 2020 3:56pm Jan 6, 2020 3:56pm
  •  RickM
  • Joined Sep 2015 | Status: Member | 1,797 Posts
Quoting FloatingCha
Disliked
did you guy can "really" tell that GBP is up trend or down trend ... ? lol for me in GBP is no trend "in reallity"
Ignored
Trends don’t exist, forget them. It’s neither bullish or brearish either, forget those description labels as well.
Price just aims for TARGETS, find the correct target and just stay on the long side of order flow if it’s above, stay on the short side of order flow if it’s below. I hit my head on a brick wall when traders try and find a label for the market.
Those names just make you miss the change in direction.
Trading thin liquidity at the boundary of the charts
 
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