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Cable Update (GBPUSD)

  • #464,721
  • Sep 10, 2018 8:58am Sep 10, 2018 8:58am
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  • #464,722
  • Sep 10, 2018 9:01am Sep 10, 2018 9:01am
Quoting Moty
1.30422 ressistence
The price goes 40 pips down from there
yes yes yes
  • #464,723
  • Sep 10, 2018 9:01am Sep 10, 2018 9:01am
Quoting aa4fx
{quote} sold 1.2943 ... hopefully it will not be the case but some upper numbers to sell could be 1.2980/1.3034 {quote} The station was not under construction, ... weekend was there. Now looking to see the 1.2846 reached.
the time for 1.2846 might have come, I am only with one sell in and not enthusiastic to sell for more now @ 1.3011.
  • #464,724
  • Sep 10, 2018 9:07am Sep 10, 2018 9:07am
Looking if today or tomorrow will close above 1.3026 for bullish bias to continue... good night !
  • #464,725
  • Sep 10, 2018 9:12am Sep 10, 2018 9:12am
Quoting Emerald2112
{image}
What you want to say in your chart is that daily seems to be out of the down trend resistance line yah?
  • #464,726
  • Sep 10, 2018 9:17am Sep 10, 2018 9:17am
Quoting Trade-G
{quote} Apologies can you just arrow the 2 bottoms of the flags
sure...
Attached Image (click to enlarge)
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trading is simple but is simple is not easy.
  • #464,727
  • Sep 10, 2018 9:21am Sep 10, 2018 9:21am
Quoting ZenNy
{quote} sure... {image}
Ok I see what you mean, the failure of your 2 bearflags..
  • #464,728
  • Sep 10, 2018 9:21am Sep 10, 2018 9:21am
Quoting Moty
{quote} The price goes 40 pips down from there
test small short 3030 stop 25pips️
just for a cup of coffee...
  • #464,729
  • Sep 10, 2018 9:35am Sep 10, 2018 9:35am
I see many EurUsd forum having so many viewers and participants but so few on GbpUsd why?
  • #464,730
  • Sep 10, 2018 9:52am Sep 10, 2018 9:52am
Quoting Moty
{quote} The price goes 40 pips down from there
Well..why didnt you wait till it go for this R and than short it from there..

Gl.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #464,731
  • Sep 10, 2018 9:56am Sep 10, 2018 9:56am
I think that if price will close hr4/daily candle above 1.3
It will turn higher for the week ahed.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #464,732
  • Sep 10, 2018 10:17am Sep 10, 2018 10:17am
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possible scenario...time for hedge
  • #464,733
  • Sep 10, 2018 11:24am Sep 10, 2018 11:24am
Quoting akim0895
{quote} test small short 3030 stop 25pips️
just for a cup of coffee...
  • #464,734
  • Sep 10, 2018 11:56am Sep 10, 2018 11:56am
Quoting akim0895
{quote} test small short 3030 stop 25pips️
Just got in, busy day. Lol

Short at 3028. Hard SL at 3060. Personally, not liking how PA tried to challenge our WR61. When this trade gets SL’ed, it might be time to watch, do nothing, until bear kicks in again. 3150 maybe, but until then I’m gonna side with 2910 which is the WP.
  • #464,735
  • Sep 10, 2018 12:41pm Sep 10, 2018 12:41pm
GU is extremely bullish today. one should not try to short in the current circumstances.

For me ( If I trade GU ) , I shall only look for long opportunity.
Intraday only.
  • #464,736
  • Sep 10, 2018 1:51pm Sep 10, 2018 1:51pm
Please don't admire the art, just the idea!
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I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #464,737
  • Sep 10, 2018 2:47pm Sep 10, 2018 2:47pm
Technically, there is still room for a northward corrective move. The 1.31430 area is likely to be a target for such a northward move, it's a confluence of the 50/61.2 Fib retracement zone of the recent downward swing on the W1 tf and a previous support zone. Are we going to see a role flip for a southward turnaround in the area? Let's wait to see how market reacts in the area.


KP
Do your homework, follow the footprints of smart money
  • #464,738
  • Sep 10, 2018 2:59pm Sep 10, 2018 2:59pm
Quoting Trade-G
{quote} Ok I see what you mean, the failure of your 2 bearflags..
Yes....Remember when market trying to do things twice and fails normally the opposite will happen......Also here the trend was up (the pole of the flag).....

Also the same thing happened with GA, not as clear....but in trading nothing is black and white....all grey....
trading is simple but is simple is not easy.
  • #464,739
  • Sep 10, 2018 5:05pm Sep 10, 2018 5:05pm
Softer Brexit is becoming more real, hopes for ''deal'' sent GBP/Usd straight above 1.30 level. Upward momentum seems limited to 1.3050 level, the pair is expected to continue its consolidation on the upside.
  • #464,740
  • Edited 11:00pm Sep 10, 2018 10:46pm | Edited 11:00pm
Quoting ZenNy
{quote} Yes....Remember when market trying to do things twice and fails normally the opposite will happen......Also here the trend was up (the pole of the flag)..... Also the same thing happened with GA, not as clear....but in trading nothing is black and white....all grey....
Agree with you that failure can usually result in the opposite direction. But somehow I trade flags and it kinda looks different from yours... that's why my curiosity
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