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Cable Update (GBPUSD)

  • #482,561
  • Jun 28, 2019 2:06am Jun 28, 2019 2:06am
Keep trying you peace of sh*t , keep trying.
How many you to try until you give up ?
The zone at the eur/gbp , that between 0.89740 a(major resistance) and 0.89790 ( weekly resistance) is blocking price for now.
Maybe it will breaks , bilut not before a good retracement
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yes yes yes
  • #482,562
  • Jun 28, 2019 2:08am Jun 28, 2019 2:08am
Quoting pipcenturion
{quote} Amazing average entry you have there. I got a warning from one of my broker about upcoming GBP volatility. I am very optimistic that we will see 1.2850 (worst case scenario)
Make sense, I moved from eurusd for longs, but GU went even slower, it is unusual for the pair. Looking forward for some volatility.
  • #482,563
  • Jun 28, 2019 2:10am Jun 28, 2019 2:10am
Quoting navk
Max, 2684. shorting GU today.
on the break of 2684, Going long in GU today
Intraday only.
  • #482,564
  • Jun 28, 2019 2:12am Jun 28, 2019 2:12am
Quoting Moty
Keep trying you peace of sh*t , keep trying. How many you to try until you give up ? The zone at the eur/gbp , that between 0.89740 a(major resistance) and 0.89790 ( weekly resistance) is blocking price for now. Maybe it will breaks , bilut not before a good retracement {image}
Look at daily, it is not a chart, it is meme
And just a reminder it is monthly close today so might be interesting in both direction. GU is close to neutral on monthly chart.
  • #482,565
  • Jun 28, 2019 2:17am Jun 28, 2019 2:17am
rather short then long today for me. but lets see...
trading is like dancing, don't think and just listen to the music!
  • #482,566
  • Jun 28, 2019 2:17am Jun 28, 2019 2:17am
Quoting navk
Max, 2684. shorting GU today.
Do you wanna stand in front of 1,000 buffaloes and stay confident that they won't run you over?

Or you just plan to scalp a quick 5 - 15 pips?
  • #482,567
  • Jun 28, 2019 2:19am Jun 28, 2019 2:19am
For me, today is short. Lets see.
  • #482,568
  • Jun 28, 2019 2:21am Jun 28, 2019 2:21am
Quoting Moty
Keep trying you peace of sh*t , keep trying. How many you to try until you give up ? The zone at the eur/gbp , that between 0.89740 a(major resistance) and 0.89790 ( weekly resistance) is blocking price for now. Maybe it will breaks , bilut not before a good retracement {image}
Eur/ GBP just made a triangle closed, false break a LTB will already start to work there because of the wave of a pattern...
  • #482,569
  • Jun 28, 2019 2:26am Jun 28, 2019 2:26am
Quoting navk
{quote} on the break of 2684, Going long in GU today
1.2684 is the 127% fibonacci expansion level of a bullish segment.

Such levels can (and usually send price back 76.4% retrace).

This move could be good but looks too dangerous as H4 for GU is already UP
  • #482,570
  • Jun 28, 2019 2:36am Jun 28, 2019 2:36am
@navk, your original plan to sell GBPUSD at 1.268X is working.

Congratulations.

Good work!
  • #482,571
  • Jun 28, 2019 2:40am Jun 28, 2019 2:40am
EG is doing fresh highs, eurusd up, GU neutral. Same story every day.
  • #482,572
  • Jun 28, 2019 2:42am Jun 28, 2019 2:42am
Quoting pipcenturion
{quote} Do you wanna stand in front of 1,000 buffaloes and stay confident that they won't run you over? Or you just plan to scalp a quick 5 - 15 pips?
Well, I'm short as well, but not for 15 pips, hell no. I guess time will tell. I called short earlier this week, happy to defend it...

Guz
Charts don't drive price, market conditions drive price...
  • #482,573
  • Jun 28, 2019 2:50am Jun 28, 2019 2:50am
Quoting Guztro
{quote} Well, I'm short as well, but not for 15 pips, hell no. I guess time will tell. I called short earlier this week, happy to defend it... Guz
1.2662 should serve as support.

I ain't sure bears can sustain price under that level.

Demand is huge on GBPUSD right now.
  • #482,574
  • Jun 28, 2019 2:54am Jun 28, 2019 2:54am
Eg is at daily r1
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yes yes yes
  • #482,575
  • Jun 28, 2019 3:00am Jun 28, 2019 3:00am
that this into consideration, weekly pivot at 1.26649. very well hold gu down
  • #482,576
  • Jun 28, 2019 3:06am Jun 28, 2019 3:06am
GU right stopped at the DP 1.26845. so favors are short. but the red news are approaching...
trading is like dancing, don't think and just listen to the music!
  • #482,577
  • Jun 28, 2019 3:14am Jun 28, 2019 3:14am
Take long.. TP 2702
  • #482,578
  • Jun 28, 2019 3:16am Jun 28, 2019 3:16am
Quoting birdland
GU right stopped at the DP 1.26845. so favors are short. but the red news are approaching...
please trade with great caution sir.

1.2662 is the year 2019 SUPPORT level.

Price closed above it last week.

This week's retest of the level usually guarantees at buying to at least 2 standard deviations (380 pips) above the support level.

Worst case scenario, we will see 190 pips buying above the 1.2662 support.

If volume adjusted price means anything, what I have said above should happen.
  • #482,579
  • Jun 28, 2019 3:20am Jun 28, 2019 3:20am
I'm selling
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  • #482,580
  • Jun 28, 2019 3:21am Jun 28, 2019 3:21am
Looking at NORMAL (or ordinary) price, a SELL is strongly suggested.

But the volume adjusted price is telling me the exact opposite.

I choose to follow what the volume adjusted price says.
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