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Cable Update (GBPUSD)

  • #484,981
  • Jul 16, 2019 1:57am Jul 16, 2019 1:57am
Hedge
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  • #484,982
  • Jul 16, 2019 1:57am Jul 16, 2019 1:57am
Quoting viankoko88
{quote} DeJavu.. Go Bullish..
Yes but on Friday it came short for a few pips when i was in. the right direction
yes yes yes
  • #484,983
  • Jul 16, 2019 1:58am Jul 16, 2019 1:58am
For those consistently losing money. I've uploaded an extreme EURGBP pip generator at this location:

https://www.forexfactory.com/showthr...2#post12376702

Because I'm good like that!!!
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  • #484,984
  • Jul 16, 2019 2:01am Jul 16, 2019 2:01am
Quoting mbrown
For those consistently losing money. I've uploaded an extreme EURGBP pip generator at this location: https://www.forexfactory.com/showthr...2#post12376702 Because I'm good like that!!! {image}
  • #484,985
  • Jul 16, 2019 2:02am Jul 16, 2019 2:02am
In again short on this. I can't understand why this has dropped all of a sudden like this? Made money on it, just be nice to know!!!but this started at 7.30. Do you think the big boys get heads up on the news or something? I can't believe it is an MP going on about no deal Brexit. Might be wrong!
Don't trade what you think. Just what you see!!!
  • #484,986
  • Jul 16, 2019 2:03am Jul 16, 2019 2:03am
Quoting Theoak
In again short on this. I can't understand why this has it dropped all of a sudden like this? Made money on it, but this started at 7.30. Do you think the big boys get heads up on the news or something? I can't believe it is an MP going on about no deal Brexit. Might be wrong, just be nice to know!!!
Buy the fact, Sell the rumors..
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  • #484,987
  • Edited 2:25am Jul 16, 2019 2:12am | Edited 2:25am
Quoting viankoko88
{quote} Buy the fact, Sell the rumors.. {image}
Well I’m listening to the rumours at the moment. Sat in this yesterday short. In my view the market was bearish. No data yesterday flat has a pan cake. No data today till 9.30. This move started 2 hours before 9.30. Question – Why?

OUT MY SHORT NOW - be back in if breaks lows
Don't trade what you think. Just what you see!!!
  • #484,988
  • Jul 16, 2019 2:20am Jul 16, 2019 2:20am
Quoting Moty
{quote} Yes but on Friday it came short for a few pips when i was in. the right direction
How about your account now..? Still stand up..?
Bullish still under pressure now,
  • #484,989
  • Jul 16, 2019 2:36am Jul 16, 2019 2:36am
Quoting viankoko88
{quote} How about your account now..? Still stand up..? Bullish still under pressure now,
Will go to 1.2430.... bull area in there
  • #484,990
  • Jul 16, 2019 2:38am Jul 16, 2019 2:38am
bears still running
High risk High return!
  • #484,991
  • Jul 16, 2019 2:43am Jul 16, 2019 2:43am
Quoting Theoak
In again short on this. I can't understand why this has dropped all of a sudden like this? Made money on it, just be nice to know!!!but this started at 7.30. Do you think the big boys get heads up on the news or something? I can't believe it is an MP going on about no deal Brexit. Might be wrong!
The market is fractal my friend. That's why this happened I don't follow crappy news fundementals they do effect the market but by the time we know about them they are already factored into price so it makes absolutely no difference on the day of the race. Price moves in fractals and stages it's us humans that tend to over complicate things.
  • #484,992
  • Jul 16, 2019 2:45am Jul 16, 2019 2:45am
Quoting Theoak
{quote} Well I’m listening to the rumours at the moment. Sat in this yesterday short. In my view the market was bearish. No data yesterday flat has a pan cake. No data today till 9.30. This move started 2 hours before 9.30. Question – Why? OUT MY SHORT NOW - be back in if breaks lows
I’m just going with the flow!!
Don't trade what you think. Just what you see!!!
  • #484,993
  • Jul 16, 2019 2:46am Jul 16, 2019 2:46am
2444 was previous low.


Break of that level will easily take the PA to 2400.
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Intraday only.
  • #484,994
  • Jul 16, 2019 2:48am Jul 16, 2019 2:48am
Quoting viankoko88
{quote} DeJavu.. Go Bullish..
2438 Level still to be checked IMHO!
  • #484,995
  • Jul 16, 2019 2:49am Jul 16, 2019 2:49am
Matter of life or dead usdx, watching before further jump. Crazy may instantly reverse the course!!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #484,996
  • Jul 16, 2019 2:49am Jul 16, 2019 2:49am
A few hedge ups but watching here just in case it does not break and then start into long play again
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  • #484,997
  • Jul 16, 2019 2:51am Jul 16, 2019 2:51am
Quoting Theoak
{quote} I’m just going with the flow!!
yes that is the best thing to do instead of trying to find support
Intraday only.
  • #484,998
  • Jul 16, 2019 2:55am Jul 16, 2019 2:55am
Quoting Neil0163
{quote} The market is fractal my friend. That's why this happened I don't follow crappy news fundementals they do effect the market but by the time we know about them they are already factored into price so it makes absolutely no difference on the day of the race. Price moves in fractals and stages it's us humans that tend to over complicate things.
Why at 7.30? What was the spark? 8.00 market opens understand… News at 9.30 understand! Don’t understand why at 7.30!!! Unless heads up!! Just be nice to know or other alternative just accept.
Don't trade what you think. Just what you see!!!
  • #484,999
  • Jul 16, 2019 2:55am Jul 16, 2019 2:55am
Daily you see price makes a LL then a LH price breaks past previous LL marked with the red line, so now what do we expect a LH to be formed then for price to make a new LL.
So we have our bias now we need entry reason let's throw a fib on the previous move down and have a look what we get. We put the fib on and now we want to dive down into that price action we go to 4 hour and what do we have ( which I stated the other day in a post) it's a double top right on a 38.2 fib also In a down trending market. Perfect let's take our entry nice little stop above the high let's check back in a few days time.

Price is fractal.
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  • #485,000
  • Edited 3:07am Jul 16, 2019 2:55am | Edited 3:07am
Data showing still-low U.K. unemployment and higher-than-expected wage growth do little to help the troubled pound, which edges off lows but stays near its weakest since early January is due to ongoing political uncertainty.
UK Wage Growth Hits 11-Year High???
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