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Cable Update (GBPUSD)

  • #461,101
  • Jun 15, 2018 5:58am Jun 15, 2018 5:58am
Quoting navk
{quote} closed my trades + 73.
nice mate
just for a cup of coffee...
  • #461,102
  • Jun 15, 2018 6:15am Jun 15, 2018 6:15am
71 pips done for the day morning session done
next stop the weekend ..
  • #461,103
  • Jun 15, 2018 7:08am Jun 15, 2018 7:08am
Quoting navk
{quote} closed my trades + 73.
will add some more if get pass 1.330
just for a cup of coffee...
  • #461,104
  • Jun 15, 2018 7:12am Jun 15, 2018 7:12am
Quoting akim0895
{quote} will add some more if get pass 1.330
My strategy is to look to sell almost after NY session is getting over.

Then buying will be analysed after NY close only.
Intraday only.
  • #461,105
  • Jun 15, 2018 8:39am Jun 15, 2018 8:39am
Lets see how a quick long plays out by the end of the day ..
  • #461,106
  • Jun 15, 2018 8:40am Jun 15, 2018 8:40am
I think 1.32 is not too far in the distance and possibly 0.618 at 1.2960.
  • #461,107
  • Jun 15, 2018 10:00am Jun 15, 2018 10:00am
Quoting navk
{quote} My strategy is to look to sell almost after NY session is getting over. Then buying will be analysed after NY close only.
close my long +65
also short 1.3290 for fun with small lot
just for a cup of coffee...
  • #461,108
  • Jun 15, 2018 1:09pm Jun 15, 2018 1:09pm
lets break n watch wC match friends
just for a cup of coffee...
  • #461,109
  • Jun 15, 2018 2:57pm Jun 15, 2018 2:57pm
buy here 1.3277
sL 50pips
tP lets see
just for a cup of coffee...
  • #461,110
  • Jun 16, 2018 12:59pm Jun 16, 2018 12:59pm
1.3330/40 is the level to short again.
Intraday only.
  • #461,111
  • Edited 7:07pm Jun 16, 2018 6:37pm | Edited 7:07pm
Quoting IggyMon
{quote} A rather vague claim? A person should buy and hold because it will bounce! Money management you say... Well why don't you explain your money management for this falling knife we call GU
I looked at the chart again, usually it should bounce. It extended 23 % FIBO ( - 123 % ) then bounced.

It is normal for any day.

FIBO extension happens on Fridays/ Mondays.

On other days FIBO retracement. .
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 59 KB
Intraday only.
  • #461,112
  • Jun 17, 2018 4:41am Jun 17, 2018 4:41am
Quoting navk
1.3330/40 is the level to short again.
yes mate..
risk some long before more sell to come
just for a cup of coffee...
  • #461,113
  • Jun 17, 2018 7:40am Jun 17, 2018 7:40am
Having said that, 1.3200 is again important level. And on on the top side, 1.3500 has been tested twice.

If this 1.3200 holds, good for longs.

Already double bottom has occurred. Though there is lots of pressure to downside, one can not ignore that it is in oversold territory.
Intraday only.
  • #461,114
  • Jun 17, 2018 2:42pm Jun 17, 2018 2:42pm
Quoting navk
Having said that, 1.3200 is again important level. And on on the top side, 1.3500 has been tested twice. If this 1.3200 holds, good for longs. Already double bottom has occurred. Though there is lots of pressure to downside, one can not ignore that it is in oversold territory.
I agree in general terms, however, remember that 'oversold' only exists on indicators. The market doesn't care if something has been bought or sold for minutes or months.

"the market can stay 'wrong' longer than you can hold your position"
  • #461,115
  • Jun 17, 2018 3:49pm Jun 17, 2018 3:49pm
planning to short on green area to new lowest

Attachment g
Attached Image
  • #461,116
  • Jun 17, 2018 3:52pm Jun 17, 2018 3:52pm
Here's my take on cable.

On the daily time frame, a relatively big bearish candlestick printed by price action last week Thursday erased much of the bullish gains made since May 30, 2018. However, a bullish pinbar-like candlestick which formed last week Friday saw bulls pushed back the southward move. Very much likely, we may see bulls take price action further north in the early part of next week but such a move is corrective and temporary in nature. The 1.33680/1.33900 area, a minor resistance zone, may prove potent, moreso given the strong bearish move of last week Thursday and the general market disposition. That area is likely to see a southward turnaround of price action. At any rate, I don’t see price action go beyond the high of the candlestick formed last week Thursday (around 1.34547) before a southward turnaround.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_D1_17th_June,_2018_Top-Down.png Size: 50 KB
Do your homework, follow the footprints of smart money
  • #461,117
  • Jun 17, 2018 8:51pm Jun 17, 2018 8:51pm
Quoting me.mariner
planning to short on green area to new lowest 2855704 {image}
I agree for this analysis, target low 1.3200
  • #461,118
  • Jun 18, 2018 12:35am Jun 18, 2018 12:35am
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  • #461,119
  • Jun 18, 2018 1:43am Jun 18, 2018 1:43am
Quoting navk
Having said that, 1.3200 is again important level. And on on the top side, 1.3500 has been tested twice. If this 1.3200 holds, good for longs. Already double bottom has occurred. Though there is lots of pressure to downside, one can not ignore that it is in oversold territory.
lets see how low can its be today
i still hope test 1.3330 before down continue
just for a cup of coffee...
  • #461,120
  • Jun 18, 2018 1:59am Jun 18, 2018 1:59am
Quoting akim0895
{quote} lets see how low can its be today i still hope test 1.3330 before down continue
3244 long. Just 4 pips stop. ( 3240 )
Intraday only.
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