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Cable Update (GBPUSD)

  • #484,081
  • Jul 10, 2019 8:03am Jul 10, 2019 8:03am
Quoting Marcieny
moty is the most humble person there is, he is not ashamed to show where he missed or hit.
Yes,
I'm big fan of Moty..
  • #484,082
  • Jul 10, 2019 8:04am Jul 10, 2019 8:04am
Powell will have to answer some questions, so potentially there is more to come. Or a turn? It was the strongest hourly increase this month, waiting to see whats next.
  • #484,083
  • Jul 10, 2019 8:05am Jul 10, 2019 8:05am
Quoting blackjacker
Powell will have to answer some questions, so potentially there is more to come. Or a turn? It was the strongest hourly increase this month, waiting to see whats next.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-1-hour.png Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,084
  • Jul 10, 2019 8:09am Jul 10, 2019 8:09am
Quoting Marcieny
where is the bear's downline? because I will pay attention where they will sell for me to buy.

So much happiness and jubilation in here right now. Congrats to all who managed to catch some of the quick windfall of pips!!!


I still have 2530 as the gatekeeper to 2613. If there is no decisive break of 2530, I see 2422. So my bear line is 2530.
  • #484,085
  • Jul 10, 2019 8:10am Jul 10, 2019 8:10am
the H8 chart is always more organized.
  • #484,086
  • Jul 10, 2019 8:10am Jul 10, 2019 8:10am
Quoting Theoak
{quote} That's what he has said "Jerome Powell Signals Openness to Rate Cut as Uncertainty Dims Outlook" LONG
Try a short now! in at 1.2511
Don't trade what you think. Just what you see!!!
  • #484,087
  • Edited 8:20am Jul 10, 2019 8:10am | Edited 8:20am
an uptrend has formed without doubt
downtrend over
weekly =bullish -in range
Quoting mbrown
So much happiness and jubilation in here right now. Congrats to all who managed to catch some of the quick windfall of pips!!!
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,088
  • Jul 10, 2019 8:11am Jul 10, 2019 8:11am
I am not fundamental trader, but I have to take a close look of "BIG" news. Everyone was expecting rate cuts (for USD) and also projected price in 1 year long (don't trade that long).
BUT market did exactly the same movement as 1 month earlier. (dropped after NFP and raised at FOMC) - cannot say if will continue the uptrend.
PS pound is at 77pips range now.
  • #484,089
  • Jul 10, 2019 8:12am Jul 10, 2019 8:12am
Quoting Bones
an uptrend has formed without doubt downtrend over weekly =bullish -range {quote}
I hit exceeded my loss limit so I am a bystander until tomorrow. Gives me time to watch price develop so that is a bonus!!!!
  • #484,090
  • Jul 10, 2019 8:13am Jul 10, 2019 8:13am
understood, a good way
Quoting mbrown
{quote} I hit exceeded my loss limit so I am a bystander until tomorrow. Gives me time to watch price develop so that is a bonus!!!!
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,091
  • Jul 10, 2019 8:15am Jul 10, 2019 8:15am
Quoting Bones
no that's where its going {quote} {image}
I agree about 15 - 30 pips north of here
  • #484,092
  • Jul 10, 2019 8:15am Jul 10, 2019 8:15am
Once price touches 1.2526, then a surge to 1.2650 is definite this week.
Data + Stat + Risk/Emotions Management
  • #484,093
  • Jul 10, 2019 8:17am Jul 10, 2019 8:17am
Eur/gbp
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2019-07-10 15.58.18_1.jpg Size: 87 KB
yes yes yes
  • #484,094
  • Jul 10, 2019 8:21am Jul 10, 2019 8:21am
Bystander privilege: The price will stop and pullback + or - 5 pips of 2530. Too many hidden resistance points on my setup.

Put differently, today's close is going to be less than 2530 with a 90% probability. For a move high better not to touch 2530 at all today and retrace back to 2466 to build energy for a push to 2613.
  • #484,095
  • Jul 10, 2019 8:25am Jul 10, 2019 8:25am
What happened today, was meant to happen 2 months ago...Trump kept the USD in play with his China/Iran and Mexico tariff games. I remained long since I last posted, I'm long term trader.

Guz
Charts don't drive price, market conditions drive price...
  • #484,096
  • Edited 9:31am Jul 10, 2019 8:26am | Edited 9:31am
Quoting Guztro
What happened today, was meant to happen 2 months ago...Trump kept the USD in play with his China/Iran and Mexico tariff games. I remained long since I last posted, I'm long term trader. Guz
Price has barely exceeded the ATR. This quick move up is nothing in the grand scale of things.

I was thinking this earlier, it is strange how a short period of slow-moving price action influences traders' perception of price time, including mine!
  • #484,097
  • Jul 10, 2019 8:26am Jul 10, 2019 8:26am
h1 bar was too big, so short, short, short. at least for 5-15 pips
trading is like dancing, don't think and just listen to the music!
  • #484,098
  • Jul 10, 2019 8:27am Jul 10, 2019 8:27am
Out from long with profit of 10 pips .lol
After i was in 65 pips lose.
Ok no harm no foul.
Another to be learned.
Trying to catch little retracement.
Price have hard time to break yesterday's high 1.25174
Attached Image(s) (click to enlarge)
Click to Enlarge Name: New Doc 2019-07-10 16.24.05_1.jpg Size: 105 KB
Click to Enlarge Name: New Doc 2019-07-10 16.28.48_1.jpg Size: 109 KB
yes yes yes
  • #484,099
  • Jul 10, 2019 8:27am Jul 10, 2019 8:27am
Quoting Moty
Eur/gbp {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP-Monthly.png Size: 35 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,100
  • Jul 10, 2019 8:31am Jul 10, 2019 8:31am
Quoting mbrown
Bystander privilege: The price will stop and pullback + or - 5 pips of 2530. Too many hidden resistance points on my setup. Put differently, today's close is going to be less than 2530 with a 90% probability. For a move high better not to touch 2530 at all today and retrace back to 2466 to build energy for a push to 2613.
How do you come up with 90% probability of less than 2530? I believe will close above 2540 today
ex nihilo
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