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Cable Update (GBPUSD)

  • #483,181
  • Jul 3, 2019 9:27am Jul 3, 2019 9:27am
Quoting Liand
ELLIOT WAVE {image} HARMONIC PATTERN {image}
if the wave of the pattern harmonic is already in force, maybe the price will not go to 1.2520.... the best pattern of the world.
  • #483,182
  • Jul 3, 2019 9:27am Jul 3, 2019 9:27am
"Trade very carefully folks someone is doing some huge accumulating here IMHO"

  • #483,183
  • Jul 3, 2019 9:33am Jul 3, 2019 9:33am
Quoting Dingoman-two
"Trade very carefully folks someone is doing some huge accumulating here IMHO"
Really? #as the price continues the journey south#

Added (well added isn't correct because I was actually stopped out on the spike!) more shorts on the spike and closed most for a few. holding a small short (BE+a few) to see if 2535 becomes a reality.
  • #483,184
  • Jul 3, 2019 9:33am Jul 3, 2019 9:33am
Quoting Dingoman-two
"Trade very carefully folks someone is doing some huge accumulating here IMHO"
I have a funny feeling this is going to explode south. Put a little shot in at 1.2572
Don't trade what you think. Just what you see!!!
  • #483,185
  • Jul 3, 2019 9:38am Jul 3, 2019 9:38am
Quoting mbrown
{quote} really? #as the price continues the journey south# added more shorts on the spike and closed most for a few. Holding a small short to see if 2535 becomes a reality.
I Agree and I think it will to. But there are huge spikes, and most traders here are only short term traders against the trend ect, both ways,

EDIT
CRAZY I KNOW, BUT THEY DO.

  • #483,186
  • Jul 3, 2019 9:39am Jul 3, 2019 9:39am
Quoting Theoak
{quote} I have a funny feeling this is going to explode south. Put a little shot in at 1.2572
out be
Don't trade what you think. Just what you see!!!
  • #483,187
  • Jul 3, 2019 9:46am Jul 3, 2019 9:46am
Quoting Dingoman-two
{quote} i think it will to. But there are huge spikes, and most traders here are only short term traders against the trend ect, both ways, EDIT CRAZY I KNOW, BUT THEY DO.

I'm selling bounces until the end of the session unless there is a H1 close above 2584.

The next 6 hours could be a period of extreme Curry with Champagne!
  • #483,188
  • Jul 3, 2019 9:49am Jul 3, 2019 9:49am
Quoting mbrown
{quote} I'm selling bounces until the end of the session unless there is a H1 close above 2584.

Yep good move Mr B.
  • #483,189
  • Jul 3, 2019 9:52am Jul 3, 2019 9:52am
If in doubt, open the M1 and get your trendlines out!!!

-----------------------------------------------------------

Easy pips people. M1 and trendline time!!! Vindaloo!!!!
  • #483,190
  • Jul 3, 2019 10:00am Jul 3, 2019 10:00am
if it breaks the spike down will short=== heads up
Don't trade what you think. Just what you see!!!
  • #483,191
  • Jul 3, 2019 10:03am Jul 3, 2019 10:03am
Come on punk!!! Make my day!

I actually think the M1 trend and M1 stochastic is the tool to use for the remainder of the session!!!!
Attached Image
  • #483,192
  • Jul 3, 2019 10:06am Jul 3, 2019 10:06am
all spikes time ,restless , not bad . carry out all longs then !!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 31 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #483,193
  • Jul 3, 2019 10:06am Jul 3, 2019 10:06am
Attached Image (click to enlarge)
Click to Enlarge Name: GU d1.png Size: 21 KB
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Click to Enlarge Name: gu 15.png Size: 32 KB
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Click to Enlarge Name: GU h1.png Size: 35 KB
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Click to Enlarge Name: eg h1.png Size: 33 KB
yes yes yes
  • #483,194
  • Edited 10:26am Jul 3, 2019 10:13am | Edited 10:26am
Scalping time!!! Madras!!


16:25: Stopped out - net gain. Looking to reenter short around 2579.
Attached Image
  • #483,195
  • Edited 10:56am Jul 3, 2019 10:24am | Edited 10:56am
Time to check usdx ,if not great but scope for further correction up possible still.

"with breaks 96.40 limit it may further bull but with so many US news & spikes failed to breakout up above 96.42 sofar & hence may not do more today & if so strong bull at top likely take more correction down to 96.27 or breakout further down toward 96.14/ 95.92 possible before friday news action try again !!"

eurgbp still up in round top formation , bo possible next , little strength over eur may back soo, so test tl 2588 ,bo for 2607 first stop.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 26 KB
Click to Enlarge Name: EURGBPM30.png Size: 22 KB
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #483,196
  • Jul 3, 2019 10:28am Jul 3, 2019 10:28am
Looooooonnnnggggg ...
  • #483,197
  • Jul 3, 2019 10:43am Jul 3, 2019 10:43am
New volume development. Looks like more downside so may not reach my reentry level.

Taken the short targeting lower!!! The next stop-out will mean the end of my trading for today!!!
Attached Image
  • #483,198
  • Jul 3, 2019 11:15am Jul 3, 2019 11:15am
Quoting mbrown
New volume development. Looks like more downside so may not reach my reentry level. Taken the short targeting lower!!! The next stop-out will mean the end of my trading for today!!! {image}
yeah !may go down , but very risky & only long when a low. simply if price back towards 2592 today will have a long leg dozy to impact greatly next days
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 36 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #483,199
  • Jul 3, 2019 11:18am Jul 3, 2019 11:18am
the price is in a region where it gets up and down, until some H4 candle close in a significant place or the candle of the day...

fann fibonacci working perfectly on M5
  • #483,200
  • Jul 3, 2019 11:34am Jul 3, 2019 11:34am
Quoting fontu
{quote} yeah !may go down , but very risky & only long when a low. simply if price back towards 2592 today will have a long leg dozy to impact greatly next days {image}
Cheers Fontu.

Agreed but I am just picking up 5 pips here and 10 pips there. I will reevaluate tomorrow for larger swings.
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