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Cable Update (GBPUSD)

  • #474,921
  • Feb 19, 2019 5:14am Feb 19, 2019 5:14am
Quoting HaLBot
{quote} Looking at what's happening it did/does seem to want to go higher (and I'll trade that), bulls fighting to hold above 2904 but would love it to head south so I can close and profit on some open trades. But the Old Lady don't care what I want.....LOL
I was looking for a weaker 4hr close, so the bulls might try and show themselves some more, maybe challenge 1.2950 now...I'll stand aside for a while longer...maybe this hour gives us a better clue...
Look Sharp/Trade Tight
  • #474,922
  • Feb 19, 2019 5:17am Feb 19, 2019 5:17am
Quoting fontu
{quote} Gbp weakness should be weeklong and as usdx 5hr and h1 both bulish in nature and anytime may act, so likely today start. As usdx relatively weak gu and eu tries to limit tanking to the minimum. Now care at 1.2902/2880 till breaks and stay.
Wow, how do u tell that GU's weakness will last for this week? (sorry! still learning!)
  • #474,923
  • Feb 19, 2019 5:24am Feb 19, 2019 5:24am
Quoting PayTheLimit
{quote} I was looking for a weaker 4hr close, so the bulls might try and show themselves some more, maybe challenge 1.2950 now...I'll stand aside for a while longer...maybe this hour gives us a better clue...
Now it looks like your gonna get that candle...
Don't Leave Money on the Table
  • #474,924
  • Feb 19, 2019 5:26am Feb 19, 2019 5:26am
Quoting HaLBot
{quote} Now it looks like your gonna get that candle...
lol, true, but not too weak....
Look Sharp/Trade Tight
  • #474,925
  • Feb 19, 2019 5:35am Feb 19, 2019 5:35am
Not sure that weekly dive is ready to come up yet.
Watching below for a touch and bounce
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 23 KB
Come with me if you want to live....
  • #474,926
  • Feb 19, 2019 5:38am Feb 19, 2019 5:38am
Quoting Ill-b-back
Not sure that weekly dive is ready to come up yet. Watching below for a touch and bounce {image}
Seriously 2724? But maybe above @ 2770?

Quoting fontu
{quote} Lol! Things plays at random by scammers perhaps! Anyway usdx bull is very ready to take revenge. Waiting. {image} {image}
Yes DXY taking revenge....
Don't Leave Money on the Table
  • #474,927
  • Feb 19, 2019 5:48am Feb 19, 2019 5:48am
Quoting HaLBot
{quote} Seriously 2724? But maybe above @ 2770? {quote} Yes DXY taking revenge....
Can't see why not.
Those watching the ascending daily TL may say "no way",
but I've seen stranger things happen on a bus full of hippies...

Come with me if you want to live....
  • #474,928
  • Feb 19, 2019 5:48am Feb 19, 2019 5:48am
off to bed
Come with me if you want to live....
  • #474,929
  • Feb 19, 2019 5:49am Feb 19, 2019 5:49am
Quoting waky
{quote} Wow, how do u tell that GU's weakness will last for this week? (sorry! still learning!)
Nobody actualy can knows it, just we do as analysis of probabilities! It was there before and today early morning also refresh while was on bed, just woke up and post.

https://www.forexfactory.com/showthr...0#post12017280
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #474,930
  • Feb 19, 2019 5:50am Feb 19, 2019 5:50am
Kinda looks like a bullish flag to me remains valid till the short term support of 12875-80 holds. PS the dxy doesnt effect the cable that much just a rule of thumb i have that never short the cable if eurgbp is in a downtrend and vice versa.
  • #474,931
  • Feb 19, 2019 5:51am Feb 19, 2019 5:51am
Quoting Ill-b-back
{quote} Can't see why not. Those watching the ascending daily TL may say "no way", but I've seen stranger things happen on a bus full of hippies...
LMAO...nothing stranger than a bus full of hippies....
Don't Leave Money on the Table
  • #474,932
  • Edited 6:31am Feb 19, 2019 6:09am | Edited 6:31am
Quoting Abrar1299
Kinda looks like a bullish flag to me remains valid till the short term support of 12875-80 holds. PS the dxy doesnt effect the cable that much just a rule of thumb i have that never short the cable if eurgbp is in a downtrend and vice versa.
Yes you are right, actualy i was wrong in the early morning, eurgbp tanking but analyse the opposite! Sorry. Anyway against usdx both tanking realively. . Eu more gbpusd less.
But mostly waiting and trading this pair for huge tanking to bottom to restart again in another direction. So far only short playing in both for many months.
Anyway no harm to me or others perhaps as scalping mode mostly. And they close step by step, so scalping closed at 2901 to retake at some higher level done ok but eurusd also closed at the time. They at the same and so problem will follow it next 2880 and eu to retake at some higher level stiil waiting short. to play to the bottom next.
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #474,933
  • Feb 19, 2019 6:29am Feb 19, 2019 6:29am
Be nice for my account to see GU around 2870....
But if not will keep trading it higher and selling where I can
Don't Leave Money on the Table
  • #474,934
  • Feb 19, 2019 6:34am Feb 19, 2019 6:34am
Quoting fontu
{quote} Yes you are right, actualy i was wrong in the early morning, eurgbp tanking but analyse the opposite! Sorry. Anyway against usdx both tanking realively. . Eu more gbpusd less. But mostly waiting and trading this pair for huge tanking to bottom to restart again in another direction. So far only short playing in both for many months. {image}
Usually dxy going up and eurgbp going down is really good short for eurusd as eur contributes more than 50% to the dollar index cable is something like 11%.
In the dailys of eurgbp I beielve the corrective move to the upside is complete with an M formation so the downside of the cable should be capped it shouldn't break lower then 12680-12720 range.
  • #474,935
  • Feb 19, 2019 8:19am Feb 19, 2019 8:19am
Quoting Abrar1299
long from 1.2910 hope to see 1.2960-75 today. atleast the gbp is rising against the eur for the moment and dxy seems to be sitting on resistance.
out of my long positions @12965.
  • #474,936
  • Feb 19, 2019 8:23am Feb 19, 2019 8:23am
Quoting ricmi
GBPUSD 30m,hidden divergence+5,15m H&s.I expect at least 15pips per order. {image}
Two of the four orders are still open , TP 29691.
Attached Image
  • #474,937
  • Feb 19, 2019 8:37am Feb 19, 2019 8:37am
Quoting ricmi
{quote} Two of the four orders are still open , TP 29691. {image}
does it look like a good idea to sell from 12970-75 level? although i am done for the day. i think 1.3040 might be in the cards by the end of this week.
  • #474,938
  • Feb 19, 2019 8:53am Feb 19, 2019 8:53am
not knew what going on , it take my sl & go , lets see how long ! not knew any news or some thing working , usdx tanking but still with range . so let it stop see next action
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 31 KB
Click to Enlarge Name: #US$indx_H9H1.png Size: 30 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #474,939
  • Feb 19, 2019 8:57am Feb 19, 2019 8:57am
Quoting Abrar1299
{quote} does it look like a good idea to sell from 12970-75 level? although i am done for the day. i think 1.3040 might be in the cards by the end of this week.
From my point of view,for now, there are no conditions for selling.
  • #474,940
  • Feb 19, 2019 9:02am Feb 19, 2019 9:02am
Quoting ricmi
{quote} From my point of view,for now, there are no conditions for selling.
well i never place blind orders against strong momentum moves but now i feel bad for exiting my longs. You are right neither the Eurgbp wanting to go up neither is the dxy finding any support. although 1.3 is approaching maybe a short to 12970 or better yet stay away from shorts!
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