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Cable Update (GBPUSD)

  • #484,361
  • Jul 11, 2019 6:56am Jul 11, 2019 6:56am
Quoting blackjacker
It came exactly to 23.6 retracement from the high at 1.27836. It is close to EMA26 and other thing is that the last 2 4hrs candles closed at that level around 1.2515. Expect the next high to cross 38.2 and go to 1.2580ish, which is a zone where we spent some time in. But when? Here 4hrs. {image}
38.2 retrace hit with 0.1 pip difference, in case it go down dont think will have the steam to go below 1.2520.
  • #484,362
  • Jul 11, 2019 6:57am Jul 11, 2019 6:57am
Attached Image (click to enlarge)
Click to Enlarge Name: 55555.png Size: 177 KB
  • #484,363
  • Jul 11, 2019 6:59am Jul 11, 2019 6:59am
Quoting xristos2512
{quote} my friend no offence I think you made mistake at elliot waves,wave (v) is bigger than (iii)?Its against basic rules please explain,I like your analisys {image}
Maybe this way, and maybe it's not Elliot's pattern at all. I trade intraday, Pull Back to 21 h & l ema then to one of the pivot lines and maybe to the adr target
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2019-07-11 14.54.41_1.jpg Size: 114 KB
yes yes yes
  • #484,364
  • Jul 11, 2019 7:00am Jul 11, 2019 7:00am
Quoting xristos2512
{image}
. Maybe? I think a lot of stoplosses are here so a sudden spike up on the map.
  • #484,365
  • Jul 11, 2019 7:02am Jul 11, 2019 7:02am
Don't forget the 2550!
  • #484,366
  • Jul 11, 2019 7:08am Jul 11, 2019 7:08am
Quoting elbert3
Don't forget the 2550!
If it goes up then targets 2590 and 2615
  • #484,367
  • Jul 11, 2019 7:08am Jul 11, 2019 7:08am
Quoting blackjacker
{quote} . Maybe? I think a lot of stoplosses are here so a sudden spike up on the map.
I agree but past 2 weeks,when reached same levels pair dropped,hope this time hold momentum and dont burns us again,remember a week ago Iwas burned,this time i will be more cautious
  • #484,368
  • Jul 11, 2019 7:11am Jul 11, 2019 7:11am
Quoting xristos2512
{quote} my friend no offence I think you made mistake at elliot waves,wave (v) is bigger than (iii)?Its against basic rules please explain,I like your analisys {image}
xristos, please don't mess up my charts, post your own. Thank you. Note my signatures under my posts.
Always trade your own plan...I don't provide trading signals.
  • #484,369
  • Jul 11, 2019 7:14am Jul 11, 2019 7:14am
hello..what beautiful day.
  • #484,370
  • Jul 11, 2019 7:16am Jul 11, 2019 7:16am
Quoting Theoak
{quote} out +1 pip don't think it will get to that level long now 1.2560 first target 1.2668 (old school)
Bingo - nearly 1 pip off
Don't trade what you think. Just what you see!!!
  • #484,371
  • Jul 11, 2019 7:17am Jul 11, 2019 7:17am
Quoting xristos2512
{quote} my friend no offence I think you made mistake at elliot waves,wave (v) is bigger than (iii)?Its against basic rules please explain,I like your analisys {image}
You can always come up with an alternate count of waves, this is not foremost important for me. Fibonacci relations between the waves, it's what I care about. Price can always go higher/lower.
Always trade your own plan...I don't provide trading signals.
  • #484,372
  • Jul 11, 2019 7:17am Jul 11, 2019 7:17am
Quoting ganam
{quote} if they knows this why they are moving out ?
European Union sinks cable.
  • #484,373
  • Jul 11, 2019 7:20am Jul 11, 2019 7:20am
Quoting Coreg2004
{quote} You can always come up with an alternate count of waves, this is not foremost important for me. Fibonacci relations between the waves, it's what I care about. Price can always go higher/lower.
thx for the second reply ,1st no so good fom me but accepted,thx for explaination green trades
  • #484,374
  • Jul 11, 2019 7:21am Jul 11, 2019 7:21am
Short it !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: New Doc 2019-07-11 15.19.09_1.jpg Size: 91 KB
Click to Enlarge Name: New Doc 2019-07-11 15.28.52_1(2).jpg Size: 92 KB
yes yes yes
  • #484,375
  • Jul 11, 2019 7:23am Jul 11, 2019 7:23am
me too 1.25647
  • #484,376
  • Jul 11, 2019 7:25am Jul 11, 2019 7:25am
false

Quoting Moty
Short it ! {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,377
  • Jul 11, 2019 7:25am Jul 11, 2019 7:25am
Quoting coderr
{quote}
sell
sl:1.26200
  • #484,378
  • Jul 11, 2019 7:26am Jul 11, 2019 7:26am
Quoting Theoak
{quote} out +1 pip don't think it will get to that level long now 1.2560 first target 1.2668 (old school)

Just for my knowledge and maybe anyone else if interested -

I said it would not hit levels of 1.2555 on the short and bottled it with 1 pip prof. Well it did and it would have gave me extra pips and also a better entry for the retrace back up to 1.2668
Don't trade what you think. Just what you see!!!
  • #484,379
  • Jul 11, 2019 7:27am Jul 11, 2019 7:27am
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2019-07-11 15.19.09_1.jpg Size: 109 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,380
  • Jul 11, 2019 7:30am Jul 11, 2019 7:30am
Price looks like somebody is holding it waiting for it to all kick off on the 5 min
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