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Cable Update (GBPUSD)

  • #463,541
  • Aug 10, 2018 12:18am Aug 10, 2018 12:18am
That's it for me I am out of short targets....
  • #463,542
  • Aug 10, 2018 12:23am Aug 10, 2018 12:23am
Quoting Nala66
That's it for me I am out of short targets....
Yeah brutal for the longs...gotta believe if 1.2680-ish doesn't hold they are going after the 1.20 area
  • #463,543
  • Aug 10, 2018 12:25am Aug 10, 2018 12:25am
Just found one on the weekly to be 2536?????
  • #463,544
  • Aug 10, 2018 12:32am Aug 10, 2018 12:32am
Quoting kayikayi
{quote} 1.2806 now (possibly 1.2750?)
1.2780 - 1.2730 ish?
  • #463,545
  • Aug 10, 2018 12:36am Aug 10, 2018 12:36am
Quoting piprip
{quote} Yeah brutal for the longs...gotta believe if 1.2680-ish doesn't hold they are going after the 1.20 area
I can't find a reason you call 2680 ish… Care to elaborate?
  • #463,546
  • Aug 10, 2018 12:37am Aug 10, 2018 12:37am
;-)
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www.sme-fx.com
  • #463,547
  • Aug 10, 2018 12:48am Aug 10, 2018 12:48am
Quoting Nala66
{quote} I can't find a reason you call 2680 ish… Care to elaborate?
Here's what I was looking at on the Weekly chart. Looks like a pretty significant area where it broke out then retested to make its run up to 1.43.
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  • #463,548
  • Aug 10, 2018 12:52am Aug 10, 2018 12:52am
Not sure about this now so I will cease and desist until the market proves itself.

This is my trade setup for each and everyday...
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  • #463,549
  • Aug 10, 2018 12:53am Aug 10, 2018 12:53am
If you look to your left the 2 bigger tails are the trend line to draw from so look to see if it can touch that .. sorry I cannot draw it on my phone but I am sure a kind trader will show us what I mean .
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  • #463,550
  • Aug 10, 2018 12:55am Aug 10, 2018 12:55am
Quoting elbert3
If you look to your left the 2 bigger tails are the trend line to draw from so look to see if it can touch that .. sorry I cannot draw it on my phone but I am sure a kind trader will show us what I mean . {image}
It will touch there after it hit on top side 1.286 - 1.2873 area..
  • #463,551
  • Aug 10, 2018 1:29am Aug 10, 2018 1:29am
target 1.26
  • #463,552
  • Aug 10, 2018 1:30am Aug 10, 2018 1:30am
welcome to 2700 zone
just for a cup of coffee...
  • #463,553
  • Aug 10, 2018 1:35am Aug 10, 2018 1:35am
Quoting akim0895
welcome to 2700 zone

at most a relief of 100-150 pips and then downward!
  • #463,554
  • Aug 10, 2018 1:45am Aug 10, 2018 1:45am
Quoting akim0895
welcome to 2700 zone
intraday buy zone to 1.29 - 1.2950
Learning never ends.
  • #463,555
  • Aug 10, 2018 1:50am Aug 10, 2018 1:50am
Quoting thir13enth
{quote} Harvest done, lol. Lots of SLs getting taken out at these level I think. My 4H TL since May looks already invalid, 2780 is now a valid target this week (but not opening new sells anymore below 2880). Will still keep selling next pullbacks as long as PA cannot take 2900 (SLs around here for new sells). I'm also interested in EU (near 1635 is area of interest) and UC (this thing looks confused af atm).
Cool, EU finally made a move as well.
I'm interested which area PA will start consolidating.

4H downtrend TL since May is scrapped now.
Let's see how deep we are diving and which area we can put TLs later on.

Happy weekend!
  • #463,556
  • Aug 10, 2018 1:54am Aug 10, 2018 1:54am
Buy @ 1.278 sl 1.2760
first tp 1.2860
second tp 1.2900
Learning never ends.
  • #463,557
  • Aug 10, 2018 2:01am Aug 10, 2018 2:01am
Quoting kbrown
Buy @ 1.278 sl 1.2760 first tp 1.2860 second tp 1.2900
you might get this in one spike during news (GBP GDP)....and you would be done in 30 seconds! good luck all!
  • #463,558
  • Aug 10, 2018 2:08am Aug 10, 2018 2:08am
Quoting kbrown
Buy @ 1.278 sl 1.2760 first tp 1.2860 second tp 1.2900
nice n be careful mate
price maybe more down before turn
i always be wrong
just for a cup of coffee...
  • #463,559
  • Aug 10, 2018 2:14am Aug 10, 2018 2:14am
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}
If we don't get a significant bounce from this area and/or close today below 2790, then we head to 25ish with no fucking problem.
It's Friday arvo here and I am drinking now also.....
Come with me if you want to live....
  • #463,560
  • Aug 10, 2018 2:19am Aug 10, 2018 2:19am
Quoting Ill-b-back
{quote} If we don't get a significant bounce from this area and/or close today below 2790, then we head to 25ish with no fucking problem. It's Friday arvo here and I am drinking now also.....
just for a cup of coffee...
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