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Cable Update (GBPUSD)

  • #485,161
  • Jul 16, 2019 12:27pm Jul 16, 2019 12:27pm
Quoting Wavegarrick
{quote} Hi Theoak, My trades had a 30 pip s/loss and as I said in an earlier post that it would be important for Gu to hold and close the day above 1.25296 for me to consider these trades as valid. I intervened manually yesterday with price closing below 1.25296. Anyway no excuses, done and dusted I took the loss and I move on. Hope I answered you. {quote}.
The only reason I remember was you went long about the same time I did and your post gave me a bit more confidence in the trade. Well we know how that turned out!!! Don't understand why this is not flying up now. With the pied pipers comments.
Don't trade what you think. Just what you see!!!
  • #485,162
  • Jul 16, 2019 12:32pm Jul 16, 2019 12:32pm
Quoting Theoak
{quote} The only reason I remember was you went long about the same time I did and your post gave me a bit more confidence in the trade. Well we know how that turned out!!! Don't understand why this is not flying up now. With the pied pipers comments.
Anyway, we take it as it comes. Cheers friend.
Trade to trade another day
  • #485,163
  • Jul 16, 2019 1:07pm Jul 16, 2019 1:07pm
Quoting Wavegarrick
Hi Guys, yesterday and the day before I was caught out by the market with my strat. Took 90 pips loss with Gu in total including my trades that were in profit. It is no great loss to me as I diversify my strategy. Congrats to all of you that sold Gu. I am regrouping and I counted my successful swing trades in a row at 9 and as they say, a cat has nine lives and after 9 successful swing trades, I got killed on the 10th. Gu has not been an easy pair to trade and nothing of this down move makes sense to me at the moment and more specifically EurGbp...
I feel you. GBP/USD kicked me in the nuts too. As the saying goes, "the market has a way of keeping you humble."
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #485,164
  • Jul 16, 2019 1:20pm Jul 16, 2019 1:20pm
here's my take on GBPUSD H4. Big downside will get unleashed soon.
Significant Jan 2019 low was taken out, technically it was taken out a while ago (on 2nd of July 2019).

Big ride down the drain pipe straight into the gutter.

The only viable play in GBPUSD now is to short sell the final Death Rip.
Details - see chart.

Good luck, traders!
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  • #485,165
  • Jul 16, 2019 1:22pm Jul 16, 2019 1:22pm
you've seen the SSI data, right? Not going up any time soon, this thing is toast.
Attached Image
  • #485,166
  • Jul 16, 2019 1:35pm Jul 16, 2019 1:35pm
Quoting asgcorp
you've seen the SSI data, right? Not going up any time soon, this thing is toast. {image}
What website is this? Looks interesting.
Allergic to bullshitters, never argue with fools
  • #485,167
  • Jul 16, 2019 1:47pm Jul 16, 2019 1:47pm
Huge turmoils this week but direct bull still not in favour usdx, apparently once for all movement . will wait longer time to see it breaks down, may be great next time.
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #485,168
  • Jul 16, 2019 1:48pm Jul 16, 2019 1:48pm
not sure what you are seeing on DXY chart, fontu. Here's what I see. H4 Sept 2018 DXY vs H4 right now.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot2.png Size: 37 KB
  • #485,169
  • Jul 16, 2019 1:55pm Jul 16, 2019 1:55pm
Quoting Dingoman-two
{quote} Please let me know if my posts are helpful (or not as the case maybe) buy giving me the thumbs up or down, Because when there are no acknowledgements in this way i feel as if i am wasting my time, My goal is to help those who are struggling with there trades, buy offering the indicators/charts for all to see and hopefully learn and improve themselves with there trading, Why am i doing this you may ask, It is because I am paying it forward as there have been many other skilled traders in the FF Form that have helped in saving my ass from...
I am with you ... It only makes me sad to help those who are laughing at many here, happy with the ruin of some.
I am with you ... Even many are not deserving.
  • #485,170
  • Edited 2:09pm Jul 16, 2019 1:59pm | Edited 2:09pm
Quoting asgcorp
not sure what you are seeing on DXY chart, fontu. Here's what I see. H4 Sept 2018 DXY vs H4 right now. {image} {image}
Inverted hs, possible but the pa is not normal and lots if abnormals happen in forrex. so carefull.
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #485,171
  • Jul 16, 2019 2:01pm Jul 16, 2019 2:01pm
Quoting Ill-b-back
{quote} Who you calling grandad you little fart This talk of 1.2750 from today's low , please, if people can't produce logical charts and reasoning, then at least they should learn to interpret others when it is spelt out for them. Next target is 2399 in case you're wondering...
Old farts rule...
Come with me if you want to live....
  • #485,172
  • Jul 16, 2019 2:07pm Jul 16, 2019 2:07pm
Price wouldn't just reverse because it has an unfinished business at 1.2365/1.2370 region. I will be shocked if this rate doesn't return to 1.2750 before this month ends. Stay green peeps!!!
Data + Stat + Risk/Emotions Management
  • #485,173
  • Jul 16, 2019 2:09pm Jul 16, 2019 2:09pm
Quoting Georginson
1.2750 before this month ends!
just hope you don't put your kidney on this. )))
  • #485,174
  • Jul 16, 2019 2:13pm Jul 16, 2019 2:13pm
Quoting asgcorp
{quote} just hope you don't put your kidney on this. )))
No just your balls!
Don't trade what you think. Just what you see!!!
  • #485,175
  • Jul 16, 2019 2:16pm Jul 16, 2019 2:16pm
Quoting Theoak
{quote} No just your balls!
tough guy!
  • #485,176
  • Jul 16, 2019 2:20pm Jul 16, 2019 2:20pm
Quoting asgcorp
{quote} tough guy!
Just bet one of them.
Don't trade what you think. Just what you see!!!
  • #485,177
  • Jul 16, 2019 2:24pm Jul 16, 2019 2:24pm
.
  • #485,178
  • Jul 16, 2019 2:25pm Jul 16, 2019 2:25pm
Quoting asgcorp
{quote} tough guy!
Did you notice. I never mentioned my balls!!!! I've not got a scooby-doo where we will be by the end of the month. Not a scooby!!!
Don't trade what you think. Just what you see!!!
  • #485,179
  • Jul 16, 2019 4:15pm Jul 16, 2019 4:15pm
Quoting asgcorp
{quote} just hope you don't put your kidney on this. )))
I will remind you when it happens. Stay green!
Data + Stat + Risk/Emotions Management
  • #485,180
  • Jul 16, 2019 4:33pm Jul 16, 2019 4:33pm
Quoting Moty
i remember unce mr powell lonch the gu 100 pips up . can i get taht one more time please {image}
Hey Moty

GBPUSD is in a severe downtrend and you should only be looking to short the rallies. Support is weak in a downtrend and you shouldn't be looking to buy in a downtrend regardless if it's at support.

I wish you luck!!!!
Believe in Yourself- Be true to yourself!
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