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Cable Update (GBPUSD)

  • #476,841
  • May 2, 2019 3:28am May 2, 2019 3:28am
Quoting Ill-b-back
https://youtu.be/kUsFWO08CO0 {image} {image}
How we lookin' Monkeys??
.....

Come with me if you want to live....
  • #476,842
  • May 2, 2019 4:02am May 2, 2019 4:02am
Quoting Henry2501
Added another short target is still 1.2885 area. I like the fact that the bulls lost their urge to buy-Maybe they realized the earth is flat so they jumped of the edge
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  • #476,843
  • May 2, 2019 4:16am May 2, 2019 4:16am
15m
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yes yes yes
  • #476,844
  • May 2, 2019 5:05am May 2, 2019 5:05am
Quoting OnlineAddict
{quote} Wow! You expect the chart to go one way until forever? Without ups and downs? Think about it just for a second, because I am too lazy to explain it right now.
And yet price had barely moved 100 pips north when you came out with your own "stubborn bears......" comment.

Can't have it both ways without drawing heat you know....
Come with me if you want to live....
  • #476,845
  • May 2, 2019 5:26am May 2, 2019 5:26am
The drop is coming in an half of an hout
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yes yes yes
  • #476,846
  • May 2, 2019 5:26am May 2, 2019 5:26am
Similar eu, looking price below 3017 towards 2980 for next action up, and seeing great news next hr. Take care. Anyway perfect pa.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #476,847
  • May 2, 2019 5:46am May 2, 2019 5:46am
h4
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  • #476,848
  • May 2, 2019 6:06am May 2, 2019 6:06am
Need some help guys, english is not my primary language...
is the BOE report good or bad ?
The chart is going down in seconds..
So I guess its bad for GBP, right ?
  • #476,849
  • May 2, 2019 6:13am May 2, 2019 6:13am
It doesn't matter what the report says, it's all manipulation arranged beforehand.

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Regards,
Paul
  • #476,850
  • May 2, 2019 6:23am May 2, 2019 6:23am
Quoting Mrcl
Need some help guys, english is not my primary language... is the BOE report good or bad ? The chart is going down in seconds.. So I guess its bad for GBP, right ?
Hi - The reports are an indication of how the country is doing. They are made up off different information that guides the "Bank of England" BOE, the best direction for the country. WE HAVE TO WAIT TILL AFTER CARNAGE SPEAKS!!!
Don't trade what you think. Just what you see!!!
  • #476,851
  • May 2, 2019 6:34am May 2, 2019 6:34am
Quoting swd
It doesn't matter what the report says, it's all manipulation arranged beforehand. {image} Regards, Paul
Yes thats my believe too. Thats why for years now i dont trade news at all. I dont even look at it. It made me a better trader. The markets will do what it wants to do.
Their favourite is to bring out good news then the gbp drops like a stone. Its all so we as sheep can follow them and do as the news say instead just trade the charts. Nothing else. Every so often it kicks your but but thats just trading. We cant always be right.
  • #476,852
  • May 2, 2019 6:36am May 2, 2019 6:36am
Look like it want to test below 1.30 again
  • #476,853
  • May 2, 2019 6:37am May 2, 2019 6:37am
Quoting Henry2501
{quote} Yes thats my believe too. Thats why for years now i dont trade news at all. I dont even look at it. It made me a better trader. The markets will do what it wants to do. Their favourite is to bring out good news then the gbp drops like a stone. Its all so we as sheep can follow them and do as the news say instead just trade the charts. Nothing else. Every so often it kicks your but but thats just trading. We cant always be right.
Hi Henry,

Yes I totally agree with you also. We can play the prediction game or develop a way of trading that dos not require us to be right about direction, but rather exploit the advertised price in relation to "something" dynamic. A variant form of mean reversion might be an example of this.

Kind Regards,
Paul
  • #476,854
  • May 2, 2019 6:53am May 2, 2019 6:53am
A breakout of this hourly candle wil show us the way
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yes yes yes
  • #476,855
  • May 2, 2019 6:54am May 2, 2019 6:54am
going up and down, but will test 2916 sometime today
Intraday only.
  • #476,856
  • May 2, 2019 7:13am May 2, 2019 7:13am
Quoting navk
going up and down, but will test 2916 sometime today
If it goes down, my scenario is touch 1.2980 and then turn the other way to 1.3150
  • #476,857
  • May 2, 2019 9:26am May 2, 2019 9:26am
Buy GU 1.2970s before NFP, it will hold. I see it stronger than EU, unless some bad news pops up!
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #476,858
  • May 2, 2019 9:37am May 2, 2019 9:37am
Quoting coderr
SELL-@NOW SHORT-TERM
  • #476,859
  • May 2, 2019 9:40am May 2, 2019 9:40am
Quoting navk
going up and down, but will test 2916 sometime today
Intraday only.
  • #476,860
  • May 2, 2019 9:51am May 2, 2019 9:51am
there is three strong supports : first: 1.3018 ( fibo 38 and trend 45 ) and second : 1.2992 and finally 1.2961 ( MA200 and trend45), i think NFP data will be good tomorrow and Gbp will go down ( if we have no cross party )
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