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Cable Update (GBPUSD)

  • #477,101
  • May 10, 2019 2:37am May 10, 2019 2:37am
Quoting Mrcl
Another Bullish engulfment on H1 chart. {image}
Next is Bearish pin bar that is way price is bouncing bacj
sell strength in falling markets, and buy weakness in rising markets.
  • #477,102
  • May 10, 2019 2:49am May 10, 2019 2:49am
Quoting htcone
{quote} Next is Bearish pin bar that is way price is bouncing bacj
I dunno, correct me if im wrong...
The bearish pinbar is not formed in an uptrend, we are currently in a downtrend..
Therefore, the bullish pattern is more valid, am I right ?,

Anyway, its still not yet closed right ?, the bearish candle u mention is still on process. *Finger Crossed* (^-----^)

IMHO, I think 'they' want the price to go down first to be oversold before fly up high... creating more space to go up ~

Again, there is a decent possibility where I am mistaken.

Anyway, trade safe.

Best of luck.
  • #477,103
  • May 10, 2019 2:51am May 10, 2019 2:51am
Having a go at this short again 1.3003
Don't trade what you think. Just what you see!!!
  • #477,104
  • May 10, 2019 2:52am May 10, 2019 2:52am
Hi

In few minutes news.

It was leaked of course

Bad news.

Spike down then up. Don't buy , just laugh
All day up.

Smash next week

Why??? Stop hunt of course
Beware of robber banks (RB), bad advisors.
  • #477,105
  • May 10, 2019 2:53am May 10, 2019 2:53am
Remember??
Attached Image
Beware of robber banks (RB), bad advisors.
  • #477,106
  • May 10, 2019 3:04am May 10, 2019 3:04am
Quoting Theoak
Having a go at this short again 1.3003
Winner 7 pips
Don't trade what you think. Just what you see!!!
  • #477,107
  • May 10, 2019 3:09am May 10, 2019 3:09am
Min while, the gu checked the weekly s1 .
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2019-05-10 11.07.05_1.jpg Size: 83 KB
yes yes yes
  • #477,108
  • May 10, 2019 3:12am May 10, 2019 3:12am
Quoting Moty
{quote} Finally
God loves a trier
Don't trade what you think. Just what you see!!!
  • #477,109
  • May 10, 2019 3:15am May 10, 2019 3:15am
Quoting Moty
Min while, the gu checked the weekly s1 . {image}
perhaps last stop to whoever wants to go join the "Bullish Bus Ride" ~

just realize from the screenshot u posted,
Its bullish head-and-shoulder ~
  • #477,110
  • May 10, 2019 3:22am May 10, 2019 3:22am
Pure pa analysis give us a conclusion that this time is not like the 2 previous moves.
This time the break of the low got a counter push up , and creat a big bullish ingulfing candle .
I see green future ahead
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2019-05-10 11.19.09_1.jpg Size: 81 KB
yes yes yes
  • #477,111
  • May 10, 2019 3:34am May 10, 2019 3:34am
According to Abonacci NPD we are in bullish phase , as far as price does not fall below 1.2952 , will rise to 1.3150. But if goes below 1.2952 , will fall to 1.2859
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_1.3150.png Size: 78 KB
  • #477,112
  • May 10, 2019 3:38am May 10, 2019 3:38am
Quoting Mrcl
{quote} perhaps last stop to whoever wants to go join the "Bullish Bus Ride" ~ just realize from the screenshot u posted, Its bullish head-and-shoulder ~
Weekly it is Bearish imo.
sell strength in falling markets, and buy weakness in rising markets.
  • #477,113
  • May 10, 2019 3:40am May 10, 2019 3:40am
Quoting htcone
{quote} Weekly it is Bearish imo.
Ah, I see, u are a position trader ?,
Im a day trader, W1 Chart is too long for me ~
So I never see the weekly chart.
  • #477,114
  • May 10, 2019 3:41am May 10, 2019 3:41am
Some volume stuff for eventual S/R derivation
Attached Image (click to enlarge)
Click to Enlarge Name: fYY5UJZn.png Size: 107 KB
  • #477,115
  • May 10, 2019 3:44am May 10, 2019 3:44am
Mostly good data.
Are you ready for the spike?
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2019-05-10 11.43.35_1.jpg Size: 136 KB
yes yes yes
  • #477,116
  • May 10, 2019 3:46am May 10, 2019 3:46am
Quoting Moty
Mostly good data. Are you ready for the spike? {image}
Yo Master Moty, can u enlight me one more time, how can u called the news on UK GDP a good data ?,
Its red...

Last friday, I lost 150pips due to bad inflation value for USD, yet the NFP report is green.
Still in shock till now...

Thanks in advanced.
  • #477,117
  • Edited 4:29am May 10, 2019 4:09am | Edited 4:29am
Quoting Mrcl
{quote} Yo Master Moty, can u enlight me one more time, how can u called the news on UK GDP a good data ?, Its red... Last friday, I lost 150pips due to bad inflation value for USD, yet the NFP report is green. Still in shock till now... Thanks in advanced.
It's good.
It doesn't mean that it will go up instantly.
I once waited 5-6 hours for ny session, and then it spiked up 100-200 pips in 10 minutes.
The Big boys don't want to spike up the price , they will choop it until thay sell all thier short positions, abd then fly up .
I am staying no matter what happens.
And my is grand master moty
Attached Image (click to enlarge)
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yes yes yes
  • #477,118
  • May 10, 2019 4:29am May 10, 2019 4:29am
Attached Image (click to enlarge)
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  • #477,119
  • May 10, 2019 5:09am May 10, 2019 5:09am
Quoting Moty
Min while, the gu checked the weekly s1 . {image}

i just bougt from 1,3012 for 1,3073 and checked here. mybe in long term it will reach 1,3450 but first i am expecting to reach 1,3073 too
  • #477,120
  • May 10, 2019 6:01am May 10, 2019 6:01am
It's coming , we are almost there
Attached Image(s) (click to enlarge)
Click to Enlarge Name: New Doc 2019-05-10 13.54.45_1.jpg Size: 81 KB
Click to Enlarge Name: New Doc 2019-05-10 14.00.19_1.jpg Size: 83 KB
yes yes yes
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