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Cable Update (GBPUSD)

  • #473,681
  • Jan 17, 2019 5:06am Jan 17, 2019 5:06am
GU Outlook
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDmicroH4ff.png Size: 50 KB
We err, and err, and err again, but less.
  • #473,682
  • Jan 17, 2019 7:13am Jan 17, 2019 7:13am
Quoting squidster85
{image} dynamic support formed..
look for setting TP.
  • #473,683
  • Jan 17, 2019 9:27am Jan 17, 2019 9:27am
Closed + 17 pips, but I think GBP can up to 1.3028, for this moment better is waiting. Important level 1.2931 and later try to buy with a small SL and TP up to 1.3028.
Attached Image (click to enlarge)
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  • #473,684
  • Jan 17, 2019 10:27am Jan 17, 2019 10:27am
For this moment only in M1 up and close + 20 pips. Now I waiting for signals in M5-M15

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  • #473,685
  • Jan 17, 2019 11:28am Jan 17, 2019 11:28am
It's time to short GBPUSD. TP1: 1.2939. CHART
Risk Management is of utmost importance!
  • #473,686
  • Jan 17, 2019 11:50am Jan 17, 2019 11:50am
Quoting Georginson
{quote} I observed this from price behaviour which has been consistent from 2014. Whenever the rate moves away from opening price by 120 pips or more and returns to the opening price, it means reversal is imminent. This January price opened at 1.2735 and slid to 1.2440 (295 pips below opening price) then it has made its way back to the opening price. This will open a bullish movement to 1.2970 - 1.3000 region. Simply price behaviour irrespective of fundamental noises.
Forex market is simply price behaviour. Theresa May lost the vote overwhelmingly, political chaos still dominant in UK, brexit still looms yet pound is climbing.
Data + Stat + Risk/Emotions Management
  • #473,687
  • Jan 17, 2019 12:19pm Jan 17, 2019 12:19pm
Time to post again...and to start again! Strictly attached to technicals...learned one more other lesson at forex...seems its at critical, although resistance on weekly is 3050..by 1hour tf i shorted here, or wait to stochs and rsi start falling down...for sure some retracement, or we will have the end of this bull trend...but, 3050 has some possibility at this scenario..boosting again
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  • #473,688
  • Edited 12:43pm Jan 17, 2019 12:32pm | Edited 12:43pm
Quoting Ill-b-back
{quote} For what? What is that descending line?
Rofl !! thats was funny!
  • #473,689
  • Jan 17, 2019 12:34pm Jan 17, 2019 12:34pm
Quoting user954
Our FX Desk Pro model sees good odds of a move to 1.35 in the next 20 to 30 weeks and is looking to build a long position in GBPUSD.
Update to last post above from 5 weeks ago - GU from 1.2650 now trading at 1.2970 = FX Desk Pro model still gives strong odds for 1.35+ between May and July 2019. Long GU is the way to go, buy dips, but cautious of volatility and big swings so use margin appropriately.



------------------------------------------------------------------------------
A note about Fx Desk Pro trade explorer in forex factory. the FF trade explorer system had a glitch and lost the trade history from 2015 onwards till until Jan 2018.

To see the complete trade history and analysis - go to myfxbook - members/user954/fx-desk-pro/1495918

http://www.myfxbook.com/members/user...sk-pro/1495918
  • #473,690
  • Jan 17, 2019 12:41pm Jan 17, 2019 12:41pm
Quoting xandi
Time to post again...and to start again! Strictly attached to technicals...learned one more other lesson at forex...seems its at critical, although resistance on weekly is 3050..by 1hour tf i shorted here, or wait to stochs and rsi start falling down...for sure some retracement, or we will have the end of this bull trend...but, 3050 hascsome possibility at this scenario..learning again

Seems like we both got caught up. I see it going down on Friday. Very unsafe to trade GU atm..
Money is a part of what turns you into who you are.
  • #473,691
  • Jan 17, 2019 12:51pm Jan 17, 2019 12:51pm
Quoting koziolq
{quote} Seems like we both got caught up. I see it going down on Friday. Very unsafe to trade GU atm..
May i ask why you think it going down when i see move up like this i think it not down anymore she still new high and friday i think stop move or new high next but down i think no.... like every day no theresa no brexit no down anymore

Just ask i'm not sure

But now it strong going i think they can't stop anymore
  • #473,692
  • Jan 17, 2019 1:30pm Jan 17, 2019 1:30pm
Sold Cable 1.2985 that's top of trendline resistance, strong medium term resistance located 1.3020-50 if breaks psychological level 1.30 and bases above.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #473,693
  • Jan 17, 2019 1:47pm Jan 17, 2019 1:47pm
Quoting Mayly-May
{quote} May i ask why you think it going down when i see move up like this i think it not down anymore she still new high and friday i think stop move or new high next but down i think no.... like every day no theresa no brexit no down anymore Just ask i'm not sure But now it strong going i think they can't stop anymore
It is definitely and clearly still bullish, will have some retracement to 1.2890 - 1.2900 region before another take off to 1.3040 - 1.3150 axis.
Data + Stat + Risk/Emotions Management
  • #473,694
  • Jan 17, 2019 1:58pm Jan 17, 2019 1:58pm
Quoting Mayly-May
{quote} May i ask why you think it going down when i see move up like this i think it not down anymore she still new high and friday i think stop move or new high next but down i think no.... like every day no theresa no brexit no down anymore Just ask i'm not sure But now it strong going i think they can't stop anymore
I trade only by looking at the charts themselves. The push for GU can only be for so long. the British pound is going to drop big time its just a matter of time.
Money is a part of what turns you into who you are.
  • #473,695
  • Jan 17, 2019 2:06pm Jan 17, 2019 2:06pm
Quoting Georginson
{quote} It is definitely and clearly still bullish, will have some retracement to 1.2890 - 1.2900 region before another take off to 1.3040 - 1.3150 axis.
Watch 1.2930 for first or final take profit.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #473,696
  • Jan 17, 2019 2:12pm Jan 17, 2019 2:12pm
1.2985 the daily trendline resistance I entered at, it just hit 1.30 that's the weekly trendline resistance but didn't want to add another order thst close to the first. Any above here will be to monthly resistance 1.3050. Abnormal to break above(if reached) at least for this month.
Even for weekly we might see a nice 50-90 pip retrace by tomorrow before possibly ending the week above 1.2930(Daily turned new support)
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #473,697
  • Jan 17, 2019 2:14pm Jan 17, 2019 2:14pm
Sold from 1.30 area, stop above 1.305

take profit is open
Don't Worry Be Happy
  • #473,698
  • Jan 17, 2019 2:15pm Jan 17, 2019 2:15pm
Gonna fall from here 2980
POSTMASTER
  • #473,699
  • Jan 17, 2019 2:26pm Jan 17, 2019 2:26pm
Quoting Robinhood1
Gonna fall from here 2980
below 2820
POSTMASTER
  • #473,700
  • Jan 17, 2019 2:28pm Jan 17, 2019 2:28pm
Just looking at correlations.
EURUSD hasnt moved nearly as aggresively nor has Gold...
Will keep GU shorts till tomorrow . lets see if there will be some pull back.
Had a short at R100 in abit of DD at the moment.
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