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Cable Update (GBPUSD)

  • #464,001
  • Aug 24, 2018 5:54am Aug 24, 2018 5:54am
Quoting akim0895
{quote} please don’t go that zone
If the weekly doesn't fail and it does go back up there, it's an awesome Fib inspired RR set up for swing traders at strong resistance, and I will take it.
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Come with me if you want to live....
  • #464,002
  • Aug 24, 2018 5:59am Aug 24, 2018 5:59am
Quoting Bydyke
{quote} Yes, bull's eye. But are we sure the bulls have not had their fill for the day? Anyway, this is cable. This is the time for the eagle's eye with no loss of concentration.
Oh dear no I have two more targets to go yet...whoops just hit the first
  • #464,003
  • Aug 24, 2018 6:01am Aug 24, 2018 6:01am
I'm out now the next is too small to bother with.
  • #464,004
  • Aug 24, 2018 6:02am Aug 24, 2018 6:02am
again..
same level as yesterday
tik..tok..tik..tok
up or down
for me down please
just for a cup of coffee...
  • #464,005
  • Aug 24, 2018 6:03am Aug 24, 2018 6:03am
2 cents worth

Cable H4
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GBP Composite Daily
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play safe!
90% of people, are wrong about 90% of everything, 90% of the time...
  • #464,006
  • Aug 24, 2018 6:22am Aug 24, 2018 6:22am
LONG.
+ 30 pips.
... and still hold it.
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  • #464,007
  • Aug 24, 2018 6:34am Aug 24, 2018 6:34am
Thanks mate. I feel very encouraged by people like you. I also follow your charts and analyses when I am online.

Trade safe and prosper.

KP

Quoting Ill-b-back
{quote} Cheers KP, I thoroughly enjoy reading your weekly analysis, it's always good food for thought presented humbly and professionally
Do your homework, follow the footprints of smart money
  • #464,008
  • Aug 24, 2018 7:36am Aug 24, 2018 7:36am
Quoting bigiivan
LONG. + 30 pips. ... and still hold it. {image}
I am Long from 1.2895
TP 100Pips ie 1.2995

wish you good luck.
  • #464,009
  • Aug 24, 2018 9:33am Aug 24, 2018 9:33am
Quoting thir13enth
Selling our current 2700 area atm, regular lot. Will wait and watch resistance at our WS38 2723 if needs to kill this.
This was negative btw.

Quoting thir13enth
{quote} Hi All, Seems my 4H TLs not yet totally busted. Will start buying once PA confidently overcome the 3 red lines (below chart, gates to heaven, lol). Make it even 4 if your want. Meanwhile, this is my trading plan. Chart is self explanatory! Not holding any longs, 2780-2790 is my selling area atm. Will keep getting lower once time passes by and the gates are not open for bulls. {image} {image}
Hi Guys! Was busy with thesis, lol.
Here's my H4 chart update (I know you have your own chart ).

I'm suppose to buy once PA violated the 3 gates in my previous post, yet I still cannot find any bulls.
PA just made me draw another line which currently points to 2910 (the highest it may go).
I'm still with bears and once PA challenge 2790, I would guess downtrend will continue again.

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Will BE my open trades before the week ends.
  • #464,010
  • Aug 24, 2018 9:45am Aug 24, 2018 9:45am
Quoting babakeni
Currently bearish outlook. This week's high found resistance at 50% fibo of 26/07/2018 High of 1.32124 and 15/08/2018 Low of 1.26608. Targeting 1.27429. {image}

Now that we have that 'excitement' over, still bearish with target at 1.27429 (happens to be a support area too)
  • #464,011
  • Edited 1:15pm Aug 24, 2018 11:12am | Edited 1:15pm
glad you can stop by thir13enth
nice weekend to all
just for a cup of coffee...
  • #464,012
  • Aug 24, 2018 1:24pm Aug 24, 2018 1:24pm
Quoting akim0895
glad you can stop by thir13enth nice weekend to all
Hi bud, what's your bias? USDX clings at 95 currently. It looks very deep if it cannot reject this support.
But if it does and USDX climbs higher again next week, lucky those who shorted at 2870 levels recently (me included).
  • #464,013
  • Aug 24, 2018 1:40pm Aug 24, 2018 1:40pm
Quoting thir13enth
{quote} Hi bud, what's your bias? USDX clings at 95 currently. It looks very deep if it cannot reject this support. But if it does and USDX climbs higher again next week, lucky those who shorted at 2870 levels recently (me included).
my bias still bearish mate
maybe test again 2870 or 2900..
MR trump want weak dollar that make me careful at my short..
he can tweet anytime to dump the dollars
just for a cup of coffee...
  • #464,014
  • Aug 24, 2018 4:43pm Aug 24, 2018 4:43pm
Quoting elbert3
{image}{image}Morning looks like 2800 is holding for now a run up to 2855 could be possible and around this time which is 6 o'clock rice seems to move a bit so let's see .. play what we see
Well well well it hit our target so will we see short in play now
  • #464,015
  • Aug 24, 2018 10:02pm Aug 24, 2018 10:02pm
Quoting akim0895
{quote} my bias still bearish mate maybe test again 2870 or 2900.. MR trump want weak dollar that make me careful at my short.. he can tweet anytime to dump the dollars
Wah! Not back to 2870 as it will BE my open trades.

But given this USDX attempting to fall below 95 is not a good sign for my shorts.
We should see 2900 or even back to 3000-3060 if it it cannot hold.

Even then, I won't still buy and will wait to start building small shorts around 3030.

Doodle for thoughts, happy weekend!

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  • #464,016
  • Edited Aug 25, 2018 12:05am Aug 24, 2018 11:34pm | Edited Aug 25, 2018 12:05am
Looks like the 2587 is in the stars for next week....

I just calculated that more precisely to be 26119. This is from the weekly chart so the thickness of the lines makes a heck of a difference so I did it mathematically.
  • #464,017
  • Aug 25, 2018 8:27am Aug 25, 2018 8:27am
Great Nala, thank you. If we do go down without some sideways at this level we are at right now, then my targets are : 1.2596 / 1.2547 (+/- 20 pips). Furthermore, if we close on a monthly basis below 1.2590 then we are in a trend reversal (going bearish) and probabilities that we will go higher than April's high are next to zero. In this case Traders that are long better unload at the 382 or 618 retracements of this move down and join the crowd in their journey to parity and below.
My bias is downward for now but I will see how price action unfolds for the remainder of this month before making decisions about my shorts from April 2018.

in the meantime let's enjoy the weekend!!!
  • #464,018
  • Aug 25, 2018 5:50pm Aug 25, 2018 5:50pm
Some strong support below I will be watching.
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Come with me if you want to live....
  • #464,019
  • Aug 25, 2018 5:54pm Aug 25, 2018 5:54pm
Weekly under pressure
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Come with me if you want to live....
  • #464,020
  • Aug 26, 2018 5:57am Aug 26, 2018 5:57am
I expect the volume cluster at 1.2769 to be tested this week. This is also a 61.8 retrace of the recent uptrend.
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