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Cable Update (GBPUSD)

  • #483,161
  • Jul 3, 2019 8:27am Jul 3, 2019 8:27am
Quoting Dingoman-two
{quote} Ha Mr , I see you are trading in your pjammies again. How have you been my friend.????
How did you know I'm in my jammies? I am good; I did not realize how much I've missed posting until today. Lots of very good content here!!! Your trading game seems to have gone to a much higher level since I've been away. I am happy for you!
  • #483,162
  • Jul 3, 2019 8:30am Jul 3, 2019 8:30am
Quoting mbrown
{quote} How did you know I'm in my jammies? I am good; I did not realize how much I've missed posting until today. Lots of very good content here!!!

yer i came across a few weeks ago and been doing really well, i didn't realize how slow the EUR/USD was until i poked my head out of the hole.

  • #483,163
  • Jul 3, 2019 8:31am Jul 3, 2019 8:31am
Sell Pressure

Resistance : 1.2590
looking for next target : 1.2538 or lower of its downtrend channel

[attach]12.JPG;3377194[/attach]
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  • #483,164
  • Jul 3, 2019 8:32am Jul 3, 2019 8:32am
Quoting Dingoman-two
{quote} yer i came across a few weeks ago and been doing really well, i didn't realize how slow the EUR/USD was until i poked my head out of the hole.

I had no choice but to trade the hedge (short and long)!!!

I'll release the short if price closes above the PF line then retests it.
Attached Image
  • #483,165
  • Jul 3, 2019 8:35am Jul 3, 2019 8:35am
Quoting Dingoman-two
{quote} Shorting first target 1.2525 area
Lovely sell entry.

Good target.

I'm not just sure whether price will do 1.2469
  • #483,166
  • Jul 3, 2019 8:35am Jul 3, 2019 8:35am
Quoting Liand
Sell Pressure Resistance : 1.2590 looking for next target : 1.2538 or lower of its downtrend channel 12.JPG;3377194 {image}
So when the cable will go up if they follow ur blue line.. ur blue line go down and if the market follow the blue they go to 0.000.. right???
  • #483,167
  • Jul 3, 2019 8:38am Jul 3, 2019 8:38am
I think the dollar falls on this news, let's observe
  • #483,168
  • Jul 3, 2019 8:40am Jul 3, 2019 8:40am
Quoting mbrown
{quote} I had no choice but to trade the hedge (short and long)!!! I'll release the short if price closes above the PF line then retests it. {image}
Iam with u buddy
  • #483,169
  • Jul 3, 2019 8:40am Jul 3, 2019 8:40am
Quoting mbrown
{quote} I had no choice but to trade the hedge (short and long)!!! I'll release the short if price closes above the PF line then retests it. {image}

All good, I think the USD/GBP will not be bullish until all the longs give up there holdings,as long as they hold then the banks will keep pushing it lower.
  • #483,170
  • Jul 3, 2019 8:46am Jul 3, 2019 8:46am
Quoting Dingoman-two
{quote} All good, I think the USD/GBP will not be bullish until all the longs give up there holdings,as long as they hold then the banks will keep pushing it lower.
Maybe but I just trade the charts. As long as I get good trade location, I should be able to move the SL to BE+a few to protect me if wrong.

An hourly close above the yellow sliding parallel suggests a push to 2610.

An H1 close below it, I'll release the long and let the short ride.

Long PT 2610.
Short PT 2533.
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  • #483,171
  • Jul 3, 2019 8:46am Jul 3, 2019 8:46am
so checking after the storm over , ok to carry out , next stop 2598 before 2654/74, good play today & profit taken at times & lock already,
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #483,172
  • Jul 3, 2019 8:50am Jul 3, 2019 8:50am
Quoting mbrown
{quote} Maybe but I just trade the charts. As long as I get good trade location, I should be able to move the SL to BE+a few to protect me if wrong. An hourly close above the yellow sliding parallel suggests a push to 2610. An H1 close below it, I'll release the long and let the short ride. Long PT 2610. {image}

Yep 1.25840 area is yesterday's closing price and it is at its third attempt in the hourly chart now, so i guess time will tell my friend.
  • #483,173
  • Jul 3, 2019 8:56am Jul 3, 2019 8:56am
Quoting Dingoman-two
{quote} Yep 1.25840 area is yesterday's closing price and it is at its third attempt in the hourly chart now, so i guess time will tell my friend.
I'd welcome a news motivated price spike to 2614 followed by an immediate reversal to 2530!!! Fantasy stuff!!!
  • #483,174
  • Jul 3, 2019 9:02am Jul 3, 2019 9:02am
Quoting mbrown
{quote} I'd welcome a news motivated price spike to 2614 followed by an immediate reversal to 2530!!! Fantasy stuff!!!

NFP just Lurking around the corner,



EDIT
WOW THE BLOODY FOURTH ATTEMPT, THEY ARE DETERMINED THESE BULLS, MAYBE JUST MAYBE ?????
  • #483,175
  • Jul 3, 2019 9:06am Jul 3, 2019 9:06am
Quoting Dingoman-two
{quote} NFP just Lurking around the corner, EDIT WOW THE BLOODY FOURTH ATTEMPT, THEY ARE DETERMINED THESE BULLS, MAYBE JUST MAYBE ?????
Yes. I avoid NFP and FOMC. I'm too butthurt so I leave those opportunities for others.
  • #483,176
  • Jul 3, 2019 9:07am Jul 3, 2019 9:07am
Is there any news about CARNEY ?? I was afraid when he spoke something like last night ... And last night no announcement
  • #483,177
  • Jul 3, 2019 9:09am Jul 3, 2019 9:09am
ELLIOT WAVE

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HARMONIC PATTERN

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  • #483,178
  • Jul 3, 2019 9:11am Jul 3, 2019 9:11am
Yeh...I've just closed my LONG because the H1 closed below the yellow sliding I posted earlier. So now short, I'm risking 8 pips so SL @ 2590. PT 2535. We'll see.
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  • #483,179
  • Jul 3, 2019 9:11am Jul 3, 2019 9:11am
Quoting mbrown
{quote} Yes. I avoid NFP and FOMC. I'm too butthurt so I leave those opportunities for others.
Me to, in fact i try to avoid all news announcements.
15 min chart
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one hour chart
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  • #483,180
  • Jul 3, 2019 9:26am Jul 3, 2019 9:26am
That may have been the final stop hunt before the move to 2535.
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