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Cable Update (GBPUSD)

  • #468,241
  • Nov 11, 2018 4:46pm Nov 11, 2018 4:46pm
I'm bearish eur gbp ,but its consolidating ,I only follow it

Quoting Zircon
{quote} We are talking on patterns not on overall trend?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #468,242
  • Nov 11, 2018 5:31pm Nov 11, 2018 5:31pm
eVening and morning all traders️
nice opening at cabeL
just for a cup of coffee...
  • #468,243
  • Nov 11, 2018 5:32pm Nov 11, 2018 5:32pm
Quoting Robinhood1
{image} Pre-opening is down. Will wait long @ 1.2765 (80)
maybe my short will tP around 1.28
as long price not hits my stop
just for a cup of coffee...
  • #468,244
  • Nov 11, 2018 6:24pm Nov 11, 2018 6:24pm
It looks like the gap will be closed soon so we can get that out of the way and continue its trend down. The daily chart is still downtrending and the 4 hour is waffling so I suspect it to go down for a little bit more, say low 1.27's. We'll see.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 11 11 18.png Size: 50 KB
Taigen Profit This Month: na
  • #468,245
  • Nov 11, 2018 6:32pm Nov 11, 2018 6:32pm
Quoting Haas9
I think the market will open with a gap down 70 pip bad news on brexit this week end
Well done...

It actually gapped down to the next daily level of 2917, so we can expect the day to bounce from that level. So I am currently long to 2999 with stop already in positive territory. I had nothing to go on to take the trade other than it was at this level and very oversold on the RSI 5min.
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  • #468,246
  • Nov 11, 2018 7:18pm Nov 11, 2018 7:18pm
its not closing that gap ,this is where reading higher tfs make sense no matter what you're doing
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #468,247
  • Nov 11, 2018 7:24pm Nov 11, 2018 7:24pm
guess all you like
guessers
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #468,248
  • Nov 11, 2018 7:59pm Nov 11, 2018 7:59pm
My stop is at 2934 now locking in ten pips of profit...

I was very nearly stopped out then but still OK and will leave it a while now. Nothing to lose on this deal
  • #468,249
  • Nov 11, 2018 8:03pm Nov 11, 2018 8:03pm
Quoting Bones
guess all you like guessers
That is all fx is ...educated guesses - there is no scientific truths here. Congrats on finally figuring that out. I am guessing that the gap is closed - if not today, then perhaps sometime this week. DXY is looking a little overextended. But with brexit news capable of moving the GBP in any direction at the whim of a politician - that is all you are too... a guesser.
  • #468,250
  • Nov 11, 2018 8:07pm Nov 11, 2018 8:07pm
Quoting Bones
its not closing that gap ,this is where reading higher tfs make sense no matter what you're doing
I here you Bones but you are not saying anything... Stick your neck out and say where it is going.
  • #468,251
  • Nov 11, 2018 8:26pm Nov 11, 2018 8:26pm
There we go stopped out, nice start for the day...Wait for London now.
  • #468,252
  • Nov 11, 2018 10:15pm Nov 11, 2018 10:15pm
nice down move by bears
hope more to come soon️
just for a cup of coffee...
  • #468,253
  • Nov 11, 2018 10:35pm Nov 11, 2018 10:35pm
Quoting akim0895
nice down move by bears hope more to come soon️
If it goes up, it will give an opportunity to short. This is what my system says. Fresh short can not be taken currently.
Intraday only.
  • #468,254
  • Nov 11, 2018 11:06pm Nov 11, 2018 11:06pm
strong down move.
I keep short.
Small lot for some money
  • #468,255
  • Nov 11, 2018 11:17pm Nov 11, 2018 11:17pm
EJ gave me an opportunity to short and those trades running nicely.
Intraday only.
  • #468,256
  • Nov 11, 2018 11:25pm Nov 11, 2018 11:25pm
Quoting navk
EJ gave me an opportunity to short and those trades running nicely.
ej n gj same mate..
nice shorts there️
just for a cup of coffee...
  • #468,257
  • Nov 11, 2018 11:32pm Nov 11, 2018 11:32pm
Quoting akim0895
{quote} ej n gj same mate.. nice shorts there️
Not necessarily same. Today EJ gave me opportunity. GJ no. Not yet.
Intraday only.
  • #468,258
  • Nov 11, 2018 11:34pm Nov 11, 2018 11:34pm
Quoting akim0895
{quote} ej n gj same mate.. nice shorts there️
GU could retrace a bit from this round number.
Intraday only.
  • #468,259
  • Nov 11, 2018 11:49pm Nov 11, 2018 11:49pm
Quoting navk
{quote} GU could retrace a bit from this round number.
maybe yes mate..
London later will show the way️
# also like to see EU drop below 1.130 level soon
just for a cup of coffee...
  • #468,260
  • Nov 11, 2018 11:53pm Nov 11, 2018 11:53pm
Quoting akim0895
{quote} maybe yes mate.. London later will show the way️
you know, most of times round number plays important role. sometimes the PA does not bother about the round number.

So one can not have this rule, round number rule.
Intraday only.
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