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Cable Update (GBPUSD)

  • #483,041
  • Jul 2, 2019 4:37pm Jul 2, 2019 4:37pm
Quoting lugy
Carney talked shits
He has resigned. You not fancy applying for his job only 874,000 per year.
Don't trade what you think. Just what you see!!!
  • #483,042
  • Jul 2, 2019 4:39pm Jul 2, 2019 4:39pm
Got to be looking now to be on a bear run to hit the previous low of 1.2505
Don't trade what you think. Just what you see!!!
  • #483,043
  • Jul 2, 2019 7:09pm Jul 2, 2019 7:09pm
GBPUSD:

Long taken at 1.25912

stop loss: 100 pips

Target: 1.3011

GBPUSD has its volume adjusted price for this week at 1.2688

So as a minimum target, price of necessity needs to touch 1.2688 and can then move in packet sizes of 190 pips above the level.

Happy trading guys!
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  • #483,044
  • Jul 2, 2019 7:39pm Jul 2, 2019 7:39pm
I believe it will finally come out of the laterialization of the week....
  • #483,045
  • Jul 2, 2019 8:07pm Jul 2, 2019 8:07pm
Short below 2630/35 for a target around 2575

Not taking big risk today like yesterday as I am not infront of the system and trading in my androd.
Intraday only.
  • #483,046
  • Jul 2, 2019 8:09pm Jul 2, 2019 8:09pm
Most likely the PA will target 2500/ 2490 as it has fallen below 2600 yesterday.
Intraday only.
  • #483,047
  • Edited 8:25pm Jul 2, 2019 8:15pm | Edited 8:25pm
Quoting Neil0163
Still not sure where people are getting these bulls exploding from. I'll post this so it's clear for you guys, New lower low created price pulled back to the weekly 38.2 and shows rejection via a double top which is clear as day. Rejection from a 38.2 shows a strong trending market, going off price action making new lower lows we are in a bearish market. Counter trend trading will eat you up and spit you out. {image}

In order for the bulls to have a start at there run then we will need a minimum indication of bullishness, and higher highs could be good place for the support that is needed, me thinks. I Am waiting for the Higher High or a break below yesterday low, until then I am out.
Direction is what I am seeking here folks.
If we fall below yesterday's low then I will be looking at 1.2506 as the next strong support area.
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  • #483,048
  • Jul 2, 2019 8:25pm Jul 2, 2019 8:25pm
Quoting Dingoman-two
{quote} In order for the bulls to have a start at there run then we will need a minimum indication of bullishness, and higher highs could be good place for the support that is needed, me thinks. {image}
My volume volume adjusted price analysis already showed me figures in the 1.263X yesterday.

This volume adjusted price leads ordinary price.

Just like I have mentioned 1.2688 to be the "fair" price for this week. The value was given me since last week's close.

Just like VWAP is the benchmark for professional traders, my volume adjusted price serves as a benchmark for me.

Buying below the fair price is good this week. Selling above the fair price is also good.

If you are privileged to catch 3 standard deviations above/below the fair price this week, take a trade in the opposite direction and expect a mean reversion.

Price will certainly trade above 1.263X today. Its future has been foretold by volume transacted yesterday.
  • #483,049
  • Jul 2, 2019 8:31pm Jul 2, 2019 8:31pm
I bought
  • #483,050
  • Jul 2, 2019 8:32pm Jul 2, 2019 8:32pm
Quoting pipcenturion
{quote} My volume volume adjusted price analysis already showed me figures in the 1.263X yesterday. This volume adjusted price leads ordinary price. Just like I have mentioned 1.2688 to be the "fair" price for this week. The value was given me since last week's close. Just like VWAP is the benchmark for professional traders, my volume adjusted price serves as a benchmark for me. Buying below the fair price is good this week. Selling above the fair price is also good. If you are privileged to catch 3 standard deviations above/below the fair price...

"Price will certainly trade above 1.263X today."

I will be watching my friend thank you for your contribution, and this is what will make a great thread in my opinion, and that is detailed analyses just like yours, keep up the good work.

This is how we all can learn, IMHO.
  • #483,051
  • Jul 2, 2019 8:45pm Jul 2, 2019 8:45pm
Today one direction may be. Cause tomorrow US holiday.
Up or down?
Be carefull.
  • #483,052
  • Jul 2, 2019 8:48pm Jul 2, 2019 8:48pm
For daily to be bullish, I want to see a daily close above daily open with long tail at the bottom.
If anyone tries to catch bottoms for reversal on daily, they keep feeding to stop losses.
If the price wants to go bullish today, it is most likey NY session.
Let us see how the PA behaves in NY session.
Always what i learnt over the years....nothing is certain in the market.
Intraday only.
  • #483,053
  • Jul 2, 2019 9:30pm Jul 2, 2019 9:30pm
Quoting Gilaforex13
Today one direction may be. Cause tomorrow US holiday. Up or down? Be carefull.
In my chart, clearly down first and make a tail..
First pitstop 1.2560,
  • #483,054
  • Jul 2, 2019 11:09pm Jul 2, 2019 11:09pm
Quoting pipcenturion
{quote} My volume volume adjusted price analysis already showed me figures in the 1.263X yesterday. This volume adjusted price leads ordinary price. Just like I have mentioned 1.2688 to be the "fair" price for this week. The value was given me since last week's close. Just like VWAP is the benchmark for professional traders, my volume adjusted price serves as a benchmark for me. Buying below the fair price is good this week. Selling above the fair price is also good. If you are privileged to catch 3 standard deviations above/below the fair price...
Wasn't it only yesterday using your volume analysis, you said we will go nowhere near 2580 before heading to 1.3?
Now you are telling readers what will "certainly" happen today?
Come with me if you want to live....
  • #483,055
  • Jul 2, 2019 11:13pm Jul 2, 2019 11:13pm
Quoting Ill-b-back
{quote} Wasn't it only yesterday using your volume analysis, you said we will go nowhere near 2580 before heading to 1.3? Now you are telling readers what will "certainly" happen today?
NO SUCH THING AS A CERTAINTY IN THE FOREX MARKETS,
  • #483,056
  • Jul 2, 2019 11:15pm Jul 2, 2019 11:15pm
Quoting Dingoman-two
{quote} NO SUCH THING AS A CERTAINTY IN THE FOREX MARKETS, ...
True.
Which is why it's baffling that people persist with nonsense words like certainty.
Come with me if you want to live....
  • #483,057
  • Jul 2, 2019 11:19pm Jul 2, 2019 11:19pm
Quoting Ill-b-back
{quote} "It's not" Hmmmm, ok then, thanks for the explanation..... Perhaps nowadays "outside" means "inside" and "inside" means "outside"? Long this pattern with a stop at 1.2506??? {image} {image}
If people want to walk into this daily price action account crusher by buying the pound looking for anything above 1.27, be my guest. Smart money will thank you for the liquidity....
Come with me if you want to live....
  • #483,058
  • Jul 2, 2019 11:29pm Jul 2, 2019 11:29pm
Quoting Ill-b-back
{quote} True. Which is why it's baffling that people persist with nonsense words like certainty.
"MY POINT EXACTLY, AND IT'S GOOD TO SEE WE ARE ON THE SAME WAVE FREQUENCY MY FRIEND"

  • #483,059
  • Jul 2, 2019 11:45pm Jul 2, 2019 11:45pm
#GBPUSD / H4 / Three Ideas
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  • #483,060
  • Edited Jul 3, 2019 12:13am Jul 2, 2019 11:55pm | Edited Jul 3, 2019 12:13am
I’m bearish!!!
Don't trade what you think. Just what you see!!!
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