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Cable Update (GBPUSD)

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  • Post #474,441
  • Quote
  • Feb 1, 2019 6:28am Feb 1, 2019 6:28am
  •  E.hamid
  • | Joined Sep 2018 | Status: Member | 10 Posts
HEAD AND SHOULDERS HAS BEEN SPOTTED ON THE HF AND I BELIEVE PRICE WILL GO UP BEFORE FALLING
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  • Post #474,442
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  • Feb 1, 2019 6:48am Feb 1, 2019 6:48am
  •  E.hamid
  • | Joined Sep 2018 | Status: Member | 10 Posts
Hi traders, i need your comments for the target below:
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  • Post #474,443
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  • Feb 1, 2019 6:57am Feb 1, 2019 6:57am
  •  polbanda
  • | Joined Sep 2010 | Status: Member | 134 Posts
Quoting Mr.N
Disliked
{quote} You can see here to understand my chart : https://www.forexfactory.com/showthread.php?t=872331
Ignored
Thanks mate!
 
 
  • Post #474,444
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  • Feb 1, 2019 7:48am Feb 1, 2019 7:48am
  •  HaLBot
  • Joined Jan 2016 | Status: Member | 3,313 Posts
Quoting E.hamid
Disliked
Hi traders, i need your comments for the target below: {image}
Ignored
Hmmmmmm if all sides to the brexit negotiations could agree on a deal it would hit your target in about 5 minutes, if market sentiment changes we could see your target hit one to two weeks...
If market sentiment stays the way it is now I see little upside, be lucky to get back to 1.3100
US data out in 40 minutes could be pound positive but muted by sentiment unless someone gets on the wires and says something that kick starts a wave of buying..
 
1
  • Post #474,445
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  • Feb 1, 2019 7:55am Feb 1, 2019 7:55am
  •  FXCyborg
  • | Membership Revoked | Joined Nov 2014 | 1,911 Posts
Quoting E.hamid
Disliked
Hi traders, i need your comments for the target below: {image}
Ignored
I'd take a look at the DXY News release reports if I were you. Some may misinterpret the low NFP - which was mainly brought on by the US Gov shut down.
From what I'm seeing from these reports, a nice whipsaw could happen. Once the PMI report comes out at 10 AM, it could very well balance it out since its looking in favor of the DXY to pull back some of its recent losses.

There's a nice imbalance zone at 95.60 for DXY and as always, the market will find its way back up there - as a result, pulling EU and GU back down.

Stay diligent

ATB & GL
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
 
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  • Post #474,446
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  • Feb 1, 2019 8:06am Feb 1, 2019 8:06am
  •  RickM
  • Joined Sep 2015 | Status: Member | 1,837 Posts
I just see a breakout of the master candle and a Liquidity zone below. I would be selling.
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Trading thin liquidity at the boundary of the charts
 
 
  • Post #474,447
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  • Feb 1, 2019 8:11am Feb 1, 2019 8:11am
  •  cablefx
  • | Joined Jan 2011 | Status: Member | 25 Posts
Bear detect enjy NF guys
 
 
  • Post #474,448
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  • Feb 1, 2019 9:38am Feb 1, 2019 9:38am
  •  hnsx99
  • | Joined Aug 2009 | Status: Member | 78 Posts
just update my OP ...cable going UP for a while ... target @ 1.3083 ..

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  • Post #474,449
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  • Feb 1, 2019 10:33am Feb 1, 2019 10:33am
  •  FXCyborg
  • | Membership Revoked | Joined Nov 2014 | 1,911 Posts
Quoting FXCyborg
Disliked
{quote} I'd take a look at the DXY News release reports if I were you. Some may misinterpret the low NFP - which was mainly brought on by the US Gov shut down. From what I'm seeing from these reports, a nice whipsaw could happen. Once the PMI report comes out at 10 AM, it could very well balance it out since its looking in favor of the DXY to pull back some of its recent losses. There's a nice imbalance zone at 95.60 for DXY and as always, the market will find its way back up there - as a result, pulling EU and GU back down. Stay diligent ...
Ignored
Man, I hate being right lol Well, not really, it's funny as f**k
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Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
 
 
  • Post #474,450
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  • Feb 1, 2019 11:31am Feb 1, 2019 11:31am
  •  tiborf71
  • Joined Apr 2011 | Status: rookie | 3,040 Posts
I'm testing now a system that generates long-short signals.
hit ratio is 3: 1
If you are losing trading you will only lose the spread.
so far very promising.
I shouldn't analyze more.
lol
 
 
  • Post #474,451
  • Quote
  • Feb 1, 2019 12:37pm Feb 1, 2019 12:37pm
  •  squidster85
  • | Joined Feb 2018 | Status: Member | 108 Posts
Quoting tiborf71
Disliked
I'm testing now a system that generates long-short signals. hit ratio is 3: 1 If you are losing trading you will only lose the spread. so far very promising. I shouldn't analyze more. lol
Ignored
good luck...just dont forget me when you become a millionaire..
 
 
  • Post #474,452
  • Quote
  • Feb 1, 2019 1:25pm Feb 1, 2019 1:25pm
  •  tiborf71
  • Joined Apr 2011 | Status: rookie | 3,040 Posts
Quoting squidster85
Disliked
{quote} good luck...just dont forget me when you become a millionaire..
Ignored
lol
 
 
  • Post #474,453
  • Quote
  • Feb 1, 2019 3:11pm Feb 1, 2019 3:11pm
  •  Ill-b-back
  • Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Quoting Ill-b-back
Disliked
{quote} Cable and it's bullish trick today. To master Cable, you must first master yourself Daniel son... {image} {image}
Ignored
On my phone so no new chart.
Reviewing old chart however, still looks nice and bearish below 3130-50 region as we round out the week.
Happy trading.

Come with me if you want to live....
 
 
  • Post #474,454
  • Quote
  • Feb 1, 2019 3:47pm Feb 1, 2019 3:47pm
  •  polbanda
  • | Joined Sep 2010 | Status: Member | 134 Posts
SHS
Sell
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  • Post #474,455
  • Quote
  • Feb 1, 2019 5:14pm Feb 1, 2019 5:14pm
  •  Ill-b-back
  • Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Quoting polbanda
Disliked
SHS Sell {image}
Ignored
Nice chart
Come with me if you want to live....
 
 
  • Post #474,456
  • Quote
  • Feb 1, 2019 5:15pm Feb 1, 2019 5:15pm
  •  Ill-b-back
  • Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Quoting FXCyborg
Disliked
{quote} Man, I hate being right lol Well, not really, it's funny as f**k {image}
Ignored
VEry nice chart...
Come with me if you want to live....
 
 
  • Post #474,457
  • Quote
  • Feb 1, 2019 6:54pm Feb 1, 2019 6:54pm
  •  FXCyborg
  • | Membership Revoked | Joined Nov 2014 | 1,911 Posts
Quoting Ill-b-back
Disliked
{quote} VEry nice chart...
Ignored
And your point being?



I guess you didn't bother reading the info in the image. Just because it's not a chart, doesn't mean it wasn't related to the conversation at hand.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
 
 
  • Post #474,458
  • Quote
  • Feb 1, 2019 6:59pm Feb 1, 2019 6:59pm
  •  FXCyborg
  • | Membership Revoked | Joined Nov 2014 | 1,911 Posts
Quoting polbanda
Disliked
SHS Sell {image}
Ignored
It's generally not a good idea to place stop losses where there's previous price action. More so where there are imbalance zones that the market re-rests...

They should be placed above or below the highs or lows.

Btw, your neckline is in the wrong place.

Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
 
 
  • Post #474,459
  • Quote
  • Feb 1, 2019 10:44pm Feb 1, 2019 10:44pm
  •  Ill-b-back
  • Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Quoting FXCyborg
Disliked
{quote} And your point being? I guess you didn't bother reading the info in the image. Just because it's not a chart, doesn't mean it wasn't related to the conversation at hand.
Ignored
It was a joke.
Very nice chart (image). I liked it.
I did read the info but was not really interested as haven't been following conversations.
Come with me if you want to live....
 
1
  • Post #474,460
  • Quote
  • Feb 1, 2019 10:56pm Feb 1, 2019 10:56pm
  •  Ill-b-back
  • Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Quoting Ill-b-back
Disliked
{quote} Cable and it's bullish trick today. To master Cable, you must first master yourself Daniel son... {image} {image}
Ignored
Nice weekly close below candle reaction zone.
Next area 100+ pips below the way I see it
Attached Image (click to enlarge)
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Name: GBPUSDWeekly.png
Size: 25 KB
Come with me if you want to live....
 
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