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Cable Update (GBPUSD)

  • #463,521
  • Aug 9, 2018 10:54am Aug 9, 2018 10:54am
closing AU short.

My GU loooooong still running.
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Intraday only.
  • #463,522
  • Aug 9, 2018 11:36am Aug 9, 2018 11:36am
Quoting navk
closing AU short. My GU loooooong still running. {image}
wait just a bit more you will be in the green again
  • #463,523
  • Aug 9, 2018 11:37am Aug 9, 2018 11:37am
Anyone thinks it will be a free fall to 1.2750 today/Tomo?
  • #463,524
  • Aug 9, 2018 11:41am Aug 9, 2018 11:41am
Quoting Mr.N
{quote} Yea looks like this pattern gonna work ^ {image}
Looks more like a double top than a gartley pattern, and if you need a double top for a garltey then im going to leave that one for the pros.
  • #463,525
  • Aug 9, 2018 11:45am Aug 9, 2018 11:45am
Quoting kayikayi
{quote} 1.2820 in the cards guys then maybe 1.2800 (?)
1.2806 now (possibly 1.2750?)
  • #463,526
  • Aug 9, 2018 11:55am Aug 9, 2018 11:55am
Quoting Suj
Anyone thinks it will be a free fall to 1.2750 today/Tomo?
Might be further South!!! Brexit Downtrend Party Just Started.
  • #463,527
  • Aug 9, 2018 12:20pm Aug 9, 2018 12:20pm

lets go more bears
just for a cup of coffee...
  • #463,528
  • Aug 9, 2018 12:37pm Aug 9, 2018 12:37pm
test some long
sL 40
tP lets see
just for a cup of coffee...
  • #463,529
  • Aug 9, 2018 12:40pm Aug 9, 2018 12:40pm
Quoting Dream_trader
Long from 1.2865. TP 1.2895/1.2920. SL 1.2845. If EU or GB will say that they got some agreement, GBP will fly, so better keep tight SL for shorts.
Got TP from longs (1.2895/1.2900). New long from 1.2840. TP 1.2930/40. SL 1.2820.
Tomorrow news for GBP. If positive - GBP UP. Saw info that is big chance that EU/GB will have plan anyway and there will be no hard Brexit (that was reason why GBP/USD got to 1.2910). For me this level without tight SL is too dangerous for shorts, because... in these days while is time for meets about Brexit, one word from May or others and GBP fly up. Or Trump... GB already changed cash rate to 0,75%, what is one more good signal for stronger GBP. Trade careful.
  • #463,530
  • Aug 9, 2018 12:44pm Aug 9, 2018 12:44pm
gu h1
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yes yes yes
  • #463,531
  • Aug 9, 2018 2:54pm Aug 9, 2018 2:54pm
Time to buy #GBPUSD At 1.2830
Excellent opportunity to go long now.
It's a big game.
  • #463,532
  • Aug 9, 2018 3:41pm Aug 9, 2018 3:41pm
It's has been a bear picnic eh
Next area to look for a bounce.

As always, watching PA.

History tells me to Watch for the FF trade stats to show majority switch from long to short as a good confirmation signal to look for longs
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Come with me if you want to live....
  • #463,533
  • Aug 9, 2018 4:41pm Aug 9, 2018 4:41pm
Quoting Ill-b-back
It's has been a bear picnic eh Next area to look for a bounce. As always, watching PA. History tells me to Watch for the FF trade stats to show majority switch from long to short as a good confirmation signal to look for longs {image}
@Ill-b-back - What are these, and where do I find them please?

I'm tempted to long @ 1.2770
  • #463,534
  • Aug 9, 2018 4:52pm Aug 9, 2018 4:52pm
Whatever northward pullback we may have on the cable market now is much likely to be corrective in nature; it may offer scalpers and intra-day traders a few pips going long but it's not likely to be sustainable from a technical perspective. Imoh, the area that may see a realistic turnaround is the 1.26230 area.

I may be wrong. Trade safe and prosper.


KP
Do your homework, follow the footprints of smart money
  • #463,535
  • Edited 5:28pm Aug 9, 2018 4:53pm | Edited 5:28pm
I see strong 128 spike to 1270 maybe
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  • #463,536
  • Aug 9, 2018 5:01pm Aug 9, 2018 5:01pm
why are people thinking of buying gbpusd at this point???????????????????????????????????????
  • #463,537
  • Aug 9, 2018 5:54pm Aug 9, 2018 5:54pm
Quoting plymgary
{quote} @Ill-b-back - What are these, and where do I find them please? I'm tempted to long @ 1.2770
Go to the "trades" tab then scroll to the bottom, it will show you the percentage of FF trade explorers long and short for each pair.
You can then click on a pair to see the historical percentages and when they changed on the timeframe of your choice.
It's quite revealing
Come with me if you want to live....
  • #463,538
  • Aug 9, 2018 6:57pm Aug 9, 2018 6:57pm
Quoting Nala66
Two price objectives on the 5 min chart.. {image}
What! correct again oh dear never mind.

The bears FOUND support...For the second time in one day...And all the time folks screaming longs.
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  • #463,539
  • Aug 9, 2018 8:48pm Aug 9, 2018 8:48pm
gd night/morning all️
look like more downside to come
but its friday..be careful
just for a cup of coffee...
  • #463,540
  • Aug 9, 2018 9:11pm Aug 9, 2018 9:11pm
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to err is human
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