Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#484,021
Jul 10, 2019 5:07am Jul 10, 2019 5:07am

directxxx
| Joined Oct 2008 | Status: Trader | 478 Posts

Quoting Wavegarrick

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Hi Guys, Whilst I welcome Bears going in my trade direction I am very observant of these levels. Will I add shorts? = No. Dingoman posted a very nice monthly chart earlier and last years low at 1.24088 ish give and take. My take - what goes up must come down and what goes down must go up, irrespective of fundamentals. Do I see a definite collapse in the pound, bloody hell - No. It is a matter of days for me and perhaps tomorrow could see more down. For now I sit on the side lines. Thursday could see something happening. I wait patiently. My weekly...

Ignored

2 years form now I see 1.55 and even 1.65 within the next 5 years. Doesn't look good for DX huh?

#484,022
Jul 10, 2019 5:10am Jul 10, 2019 5:10am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

Last time price supported the decanting line , it bounced 63 pips then retrace 1/3 and then continue up.
63 pips from last low is 1.25054 area ( daily R1) , there i planning to get out at break even and then wait for retracement for another long trade .
Then

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Now

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yes yes yes

#484,023
Jul 10, 2019 5:10am Jul 10, 2019 5:10am

mbrown
| Membership Revoked | Joined May 2015 | 2,903 Posts

Quoting Bones

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market is very clear to me now ,it has not broke range because of the angle of the bottom which shows divergence ,it must close back in horizontal range {image}

Ignored

A bullish call! You must be a member of the Illuminati!!! Herding retail traders long for your own evil devices!!!

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Waiting for a pullback to 2466, then will look for PA reasons to buy!!!

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However, I am mindful that price has re-entered the value area and the general rule is there is an 80% probability that price will go on to test the value area low. We'll see!

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#484,024
Jul 10, 2019 5:16am Jul 10, 2019 5:16am

Marcieny
Joined Jan 2019 | Status: "Ideas stimulate the mind" | 4,203 Posts

I'm waiting patiently to put my long

#484,025
Jul 10, 2019 5:16am Jul 10, 2019 5:16am

RegisMexes
| Joined Apr 2019 | Status: Trader | 979 Posts

Quoting Ill-b-back

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If we get back into the 1.26xx zone, Will look for PA reasons to sell for 1.24.

Ignored

Sounds like a solid plan.

If you want in on my experimental EA, PM me.

#484,026
Jul 10, 2019 5:16am Jul 10, 2019 5:16am

Theoak
Joined Apr 2019 | Status: Trader | 5,796 Posts

Quoting Theoak

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{quote} Right my second fib level hit 91 out on second lot 15.2 pips prof. Shorted now (small Lot) in at 1.2487 target fib level 81... Just an experiment as I think this could retrace!

Ignored

81 bingo

Now what do I do? will it retrace? What is my target 91 or will it go through to the next fib level 1.2503

This is the problem I'm having with fibs as I don't know if it will reject or go through to the next target or even go back to 71!!!!

Don't trade what you think. Just what you see!!!

#484,027
Jul 10, 2019 5:21am Jul 10, 2019 5:21am

Theoak
Joined Apr 2019 | Status: Trader | 5,796 Posts

Quoting Theoak

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{quote} 81 bingo Now what do I do? will it retrace? What is my target 91 or will it go through to the next fib level 1.2503 This is the problem I'm having with fibs as I don't know if it will reject or go through to the next target or even go back to 71!!!!

Ignored

I'm trying a retrace in at 1.2484 target 91. This might now go to 71.... Just trying small lot!!!

Don't trade what you think. Just what you see!!!

#484,028
Jul 10, 2019 5:27am Jul 10, 2019 5:27am

fontu
Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts

Update : test and bounce 96.96 usdx likely before continue down tl test and breaks for 86.85/76.limit up for down if direct leg down having limit up 97.07. Eu may correct to 1216 and gu 2471. lets see

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Not understand?better not follow my analyses!doubt clearer first, risks ++

#484,029
Edited 5:47am Jul 10, 2019 5:30am | Edited 5:47am

directxxx
| Joined Oct 2008 | Status: Trader | 478 Posts

Quoting Marcieny

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I'm waiting patiently to put my long

Ignored

Next 15 minutes.How long would you like to hold? 1.2510 - 1.2550 would be nice target zones

#484,030
Jul 10, 2019 5:39am Jul 10, 2019 5:39am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

Quoting Marcieny

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I'm waiting patiently to put my long

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Here

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yes yes yes

#484,031
Jul 10, 2019 5:41am Jul 10, 2019 5:41am

Suj
| Joined May 2017 | Status: Trader | 760 Posts

Next could be 1.2420 if bearish.. otherwise clear bull direction at 1.2650 ish

#484,032
Jul 10, 2019 5:52am Jul 10, 2019 5:52am

mbrown
| Membership Revoked | Joined May 2015 | 2,903 Posts

Quoting directxxx

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{quote} Next 15 minutes.How long would you like to hold? 1.2510 - 1.2550 would be nice target zones

Ignored

Or 30m?

If the price can't get past 2531, it will probably head for 2422...based on PA of course. A strong break above 2531 opens the door to 2613. A daily close about 2613 opens the door to 2770 by the end of the month. PA and S/R analysis...not Illuminati analysis.

#484,033
Jul 10, 2019 5:58am Jul 10, 2019 5:58am

directxxx
| Joined Oct 2008 | Status: Trader | 478 Posts

Quoting mbrown

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{quote} Or 30m?

Ignored

ha ha I guess you are more accurate that I am (on time at least) I expect to be long GBP pairs until late tomorrow or thereabouts.

#484,034
Jul 10, 2019 6:01am Jul 10, 2019 6:01am

mbrown
| Membership Revoked | Joined May 2015 | 2,903 Posts

Quoting mbrown

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{quote} Waiting for a pullback to 2466, then will look for

Ignored

Priming the trigger for 2466!!!!

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Bingo...let's see!!!

#484,035
Jul 10, 2019 6:03am Jul 10, 2019 6:03am

Theoak
Joined Apr 2019 | Status: Trader | 5,796 Posts

Quoting Theoak

Disliked

{quote} 81 bingo Now what do I do? will it retrace? What is my target 91 or will it go through to the next fib level 1.2503 This is the problem I'm having with fibs as I don't know if it will reject or go through to the next target or even go back to 71!!!!

Ignored

Ok that lesson cost me 14 pips... doh (small lot) now 71 is broken I'll try for todays low (this is my old method) wish me luck

In at 1.2469 Target 1.2446

Don't trade what you think. Just what you see!!!

#484,036
Jul 10, 2019 6:03am Jul 10, 2019 6:03am

mbrown
| Membership Revoked | Joined May 2015 | 2,903 Posts

Quoting directxxx

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{quote} ha ha I guess you are more accurate that I am (on time at least) I expect to be long GBP pairs until late tomorrow or thereabouts.

Ignored

That is an appealing scenario. Let's see!

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Up or down: 2466 is today's reaction point.

#484,037
Jul 10, 2019 6:04am Jul 10, 2019 6:04am

Theoak
Joined Apr 2019 | Status: Trader | 5,796 Posts

Quoting mbrown

Disliked

{quote} Or 30m? If the price can't get past 2531, it will probably head for 2422...based on PA of course. A strong break above 2531 opens the door to 2613. A daily close about 2613 opens the door to 2770 by the end of the month. PA and S/R analysis...not Illuminati analysis.

Ignored

Marcieny - Take no notice of him!!! He as put me on his ignore list!

Don't trade what you think. Just what you see!!!