to err is human
Cable Update (GBPUSD)
- #474,582
- Feb 5, 2019 11:52pm Feb 5, 2019 11:52pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
{quote} You can't rush Cable, she moves to her own tune. She loves to tease traders and play hesitation games just above support and just below resistance levels. This lets her drive a nice long bearish (breakout??) candle into support to suck in sellers and give smart money some liquidity to purchase off support. Vice versa for sucking in bulls into resistance. Given my timezone, I see the bear party raging on late into the Australian night tonight....
Come with me if you want to live....
- #474,583
- Feb 6, 2019 12:49am Feb 6, 2019 12:49am
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
POSTMASTER
- #474,586
- Feb 6, 2019 1:16am Feb 6, 2019 1:16am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
Emergengy call. Wake up the bulls!
...........did you say something Shadowluxury???
Don't Leave Money on the Table
- #474,588
- Edited 1:45am Feb 6, 2019 1:22am | Edited 1:45am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
{quote} Nvmd, i'll just kill the bear
Unfortunately for Bulls the retail forex market only accounts for 10% of the market, we are in the hands of the prop traders and just have to ride it out....
Short @ 1.2936 but I have hard time selling, much prefer buying and might have to close that trade, see what happens...
I'm out of that sell, bit jittery so keeping things small
But anything can happen, especially with Cable and we could get a 30 to 40 pup rally even in this bear market, need to keep your eyes peeled...Cable rose over 200 pups against the Aussie today
20MA on the weekly chart is @ 1.2918 so if it hits it I would expect a bounce possibly back up to 1.2950 area before again heading south.
We have important Cable data out tomorrow so also expect fireworks....
Don't Leave Money on the Table
- #474,589
- Feb 6, 2019 1:42am Feb 6, 2019 1:42am
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
POSTMASTER
- #474,591
- Feb 6, 2019 1:56am Feb 6, 2019 1:56am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
{quote} Pak sifu, you are the man
Don't Leave Money on the Table
- #474,593
- Feb 6, 2019 2:01am Feb 6, 2019 2:01am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
Don't Leave Money on the Table
- #474,594
- Feb 6, 2019 2:44am Feb 6, 2019 2:44am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
Eur/Gbp coming of it's highs.....maybe?
More to come me thinks...
Don't Leave Money on the Table
- #474,596
- Feb 6, 2019 3:00am Feb 6, 2019 3:00am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
This from forexlive....
https://www.forexlive.com/technical-...e-day-20190206
So unless a clear break of 1.3000 that's where the sellers will be, if price gets that high...
https://www.forexlive.com/technical-...e-day-20190206
So unless a clear break of 1.3000 that's where the sellers will be, if price gets that high...
Don't Leave Money on the Table
- #474,597
- Feb 6, 2019 3:20am Feb 6, 2019 3:20am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #474,598
- Feb 6, 2019 3:33am Feb 6, 2019 3:33am
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
POSTMASTER
- #474,599
- Feb 6, 2019 3:35am Feb 6, 2019 3:35am
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
My view is to break 13160. We probably see a high around 13200 and then travel down to 12600. just my 2 cents
POSTMASTER
- #474,600
- Feb 6, 2019 3:37am Feb 6, 2019 3:37am
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
there was a strong resistance in theory around 12963 and that melted. cross fingers
POSTMASTER