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Cable Update (GBPUSD)

  • #476,921
  • May 3, 2019 12:52pm May 3, 2019 12:52pm
My AI BOT "crystal ball" says cable going higher on Monday with very little retrace. Bull run still active so shorts be very careful.
  • #476,922
  • Edited 1:43pm May 3, 2019 1:25pm | Edited 1:43pm
Quoting silverbolt
my ai bot "crystal ball" says cable going higher on monday with very little retrace. Bull run still active so shorts be very careful.
i.dont.think.!target-touched!
My.sl:1.31971
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD - Alternate test2 - May-03 2254 PM (30 min).png Size: 38 KB
Click to Enlarge Name: GBPUSD-H1.png Size: 67 KB
  • #476,923
  • May 3, 2019 1:29pm May 3, 2019 1:29pm
h1+15m
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU H1.png Size: 30 KB
Click to Enlarge Name: GU 15.png Size: 28 KB
yes yes yes
  • #476,924
  • May 3, 2019 1:46pm May 3, 2019 1:46pm
I think Gbp goes to 3183 ( daily fibo61 ) and $ goes down to 97.111 ( daily fibo23)
  • #476,925
  • May 3, 2019 2:10pm May 3, 2019 2:10pm
Opps i forgot Monday is a holiday in the UK so probably not much will happen. Big traders got a day off.
  • #476,926
  • May 3, 2019 2:15pm May 3, 2019 2:15pm
Quoting kostas1
{quote} If it goes down, my scenario is touch 1.2980 and then turn the other way to 1.3150
Got in at 1.2995, milked it for plenty!
  • #476,927
  • May 3, 2019 2:46pm May 3, 2019 2:46pm
...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4 pt.png Size: 65 KB
  • #476,928
  • May 3, 2019 4:11pm May 3, 2019 4:11pm
Small retrace for monday, 3175->3105, not giving bears much more, sorry.
Everyone can see the chart, but only a few can actually read it.
  • #476,929
  • May 3, 2019 5:24pm May 3, 2019 5:24pm
Quoting riclater211
{quote} Hey All, My stop was blasted overnight. Net Trade was 38.9 pips. I would say that it was NOT all Bulls though. It is the last day of the month and I am sure it is a mix of re-balancing, cash outs and short term traders grabbing a bit on the way up. I will have to wait to re-establish my downward trend-line. Price made it up to the 1.30500 level before stopping. I don't see a long trade here yet for myself. Wait and see. - Ric {image}
Hey All,

I love being wrong. Cant learn without being wrong. So GBP spikes passed my trend line and smashed my Trade Triangle. So now price is reaching the harder to pass longer term down trend line. If price gets through that line, I see it going up to 1.36000 before any real major resistance. I am back to a wait and see.

Have a great weekend.

- Ric
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 05032019.png Size: 103 KB
Be humble or get humbled
  • #476,930
  • May 3, 2019 11:32pm May 3, 2019 11:32pm
https://www.google.com/amp/s/amp.the...nted-live-news
Reason for a spike ?.
sell strength in falling markets, and buy weakness in rising markets.
  • #476,931
  • May 4, 2019 12:44am May 4, 2019 12:44am
Quoting Henry2501
{quote} Dont give up Essei but like Theoak said. Walk away for now. Reset your emotions and start again. We all fall in that emotional trap believe me it never goes away. Thats just what we as humans do we get emotional. That is normal. With trading you just need to learn to push that aside and trade the charts not your emotions and understand why you are trading a specific trade. Make yourself a journal of every trade you do. Wright down you emotions at that point and explain why you taking the trade. for instance is there resistance levels, ,...
Thank you for suggestion. I think trade journal is key element. Do you have any template of trading journal?
  • #476,932
  • Edited 5:27am May 4, 2019 2:28am | Edited 5:27am
Quoting fontu
after hit target 3131 , next target goes to 3189 & but fight for 3152 daily close & some ranging small tl/limit 3101 or even more limit 3032 . lets see & take care {image}
good bounce , daily close above 3152 , so likely test higher levels like 3189/96/3268 . not wanted my logs keep open weekend as 3131 & towards 3034 correction also possible before further up but they are all open as was unavailable suddenly last 4 hours weekend .anyway seems all be ok & perfect. take care
similar gj also
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 29 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 38 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #476,933
  • May 4, 2019 2:42am May 4, 2019 2:42am
Hi! Good update this one is very helpful thanks
  • #476,934
  • May 4, 2019 6:02am May 4, 2019 6:02am
i see sell gbpusd
Attached Image (click to enlarge)
Click to Enlarge Name: IMG-20190504-WA0005.jpg Size: 91 KB
  • #476,935
  • May 4, 2019 9:22am May 4, 2019 9:22am
Quoting qamar1990
i see sell gbpusd {image}
you posted a wrong picture.
Intraday only.
  • #476,936
  • May 4, 2019 10:54am May 4, 2019 10:54am
Follow my analysis it's perfect.
Attached Image (click to enlarge)
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  • #476,937
  • May 4, 2019 11:07am May 4, 2019 11:07am
Quoting raedmaa
Follow my analysis it's perfect. {image}
I dont understand, where you are going with this? I am a noob, so would you be so kind as to explain in laymans words please?
LEARN THE ABILITY TO GRAB COINS FROM A HOT FURNACE
  • #476,938
  • May 4, 2019 1:00pm May 4, 2019 1:00pm
Quoting AlphaOmega.
{quote} I dont understand, where you are going with this? I am a noob, so would you be so kind as to explain in laymans words please?

the price will go down to the blue horizontal line, you'll have a pending buy order at the blue horizontal line 1.30988, your stop will be the red horizontal line 1.30523, your target 1.32623. if your stop is hit at 1.30523 you'll have a sell order there, your target is 1.29462 and your stop will be 1.31342.
  • #476,939
  • May 4, 2019 4:19pm May 4, 2019 4:19pm
Quoting raedmaa
{quote} the price will go down to the blue horizontal line, you'll have a pending buy order at the blue horizontal line 1.30988, your stop will be the red horizontal line 1.30523, your target 1.32623. if your stop is hit at 1.30523 you'll have a sell order there, your target is 1.29462 and your stop will be 1.31342.
Thank you so much... Now the map makes sense to me...
LEARN THE ABILITY TO GRAB COINS FROM A HOT FURNACE
  • #476,940
  • May 5, 2019 9:21am May 5, 2019 9:21am
Quoting AlphaOmega.
{quote} I dont understand, where you are going with this? I am a noob, so would you be so kind as to explain in laymans words please?
According to your chart possibly few pips down and then journey towards North will continue. IMHO
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