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Cable Update (GBPUSD)

  • #485,561
  • Jul 18, 2019 2:16pm Jul 18, 2019 2:16pm
the veil is down, markets cruel
bears are wrong about the current state of the chart
bones looked wrong but he's right market cannot blink like that in that area
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #485,562
  • Jul 18, 2019 2:18pm Jul 18, 2019 2:18pm
4hour tl from 1st may again the 2605 comes into play with the 200 ema so tl attraction in place
  • #485,563
  • Jul 18, 2019 2:18pm Jul 18, 2019 2:18pm
So far the strongest daily increase in GU since 03 May. After 3rd of May there was a fierce reversal, now I am thinking more of the opposite scenario.
  • #485,564
  • Jul 18, 2019 2:19pm Jul 18, 2019 2:19pm
Weekly neutral atm. Waiting to see whats next.
  • #485,565
  • Jul 18, 2019 2:20pm Jul 18, 2019 2:20pm
Its a bull trap, Thank me later.
  • #485,566
  • Jul 18, 2019 2:21pm Jul 18, 2019 2:21pm
Old tl hit half profit off and see if it goes over hedge at 47
  • #485,567
  • Jul 18, 2019 2:25pm Jul 18, 2019 2:25pm
dx h4
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yes yes yes
  • #485,568
  • Jul 18, 2019 2:26pm Jul 18, 2019 2:26pm
Quoting Wavegarrick
{quote} Hi Guys, Nice to be back in the game with this pair. Let's see where this will take us. Cheers. {image}
Hi Guys, a few days of despair have led to jubilation. Most of this down move had been taken out. We ended last weeks candle on a full bodied candle and could see more up going into month end from the 20th on wards. Not much of the down move made sense to me, but hey this is forex. Looking pretty healthy on this pair. We shall see.
Cheers
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Trade to trade another day
  • #485,569
  • Jul 18, 2019 2:33pm Jul 18, 2019 2:33pm
Quoting Moty
dx h4 {image}
it's unlikely to happen, i think $index will go down under96 in 31jul
  • #485,570
  • Jul 18, 2019 2:33pm Jul 18, 2019 2:33pm
Quoting Bones
the veil is down, markets cruel bears are wrong about the current state of the chart bones looked wrong but he's right market cannot blink like that in that area
I've been so busy this week. I thought I'd pop in here to see which bears are eating humble pie! I didn't expect to see you eating!!!!

Bear fantasies might start at 2553!!!
  • #485,571
  • Jul 18, 2019 2:48pm Jul 18, 2019 2:48pm
Attached Image (click to enlarge)
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2553
Quoting mbrown
{quote} I've been so busy this week. I thought I'd pop in here to see which bears are eating humble pie! I didn't expect to see you eating!!!! Bear fantasies might start at 2553!!!
  • #485,572
  • Jul 18, 2019 3:17pm Jul 18, 2019 3:17pm
h4+h1
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GU h1.png Size: 37 KB
yes yes yes
  • #485,573
  • Jul 18, 2019 3:38pm Jul 18, 2019 3:38pm
A strong break of 1.26 and I'll be a buyer
  • #485,574
  • Jul 18, 2019 3:41pm Jul 18, 2019 3:41pm
Quoting Neil0163
A strong break of 1.26 and I'll be a buyer
I’m still long...170 pips and counting

Guz
Charts don't drive price, market conditions drive price...
  • #485,575
  • Jul 18, 2019 3:42pm Jul 18, 2019 3:42pm
Quoting Guztro
{quote} I’m still long...170 pips and counting Guz
Nice mate I took just over 650 odd pips from multiple positions shorting, got a lovely short on USDCHF too but that's for another thread lol
  • #485,576
  • Jul 18, 2019 3:44pm Jul 18, 2019 3:44pm
Quoting blackjacker
More ideas. 4hrs here. Will leave all the lines on the chart to compare later, even though I rarely use tls. {image}
Posted this 3 days ago, removed one of the line cause didnt bring any levels to think about, instead put two different TLs, OC and HL and changed the stroke to the short-lived long TL. Here is the updated version, something to think about.
Attached Image (click to enlarge)
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  • #485,577
  • Jul 18, 2019 3:46pm Jul 18, 2019 3:46pm
I'd like to see some form of harmonic pattern for a potential reversal in trend.
  • #485,578
  • Jul 18, 2019 3:51pm Jul 18, 2019 3:51pm
Quoting Guztro
{quote} I’m still long...170 pips and counting Guz
Enjoying a wholesale price arent you, must admit much better level than what I bought.
  • #485,579
  • Jul 18, 2019 3:52pm Jul 18, 2019 3:52pm
Quoting Theoak
{quote} The Eagle has landed!
Well closed my position popped out and Bingo a 60 pip move. That was an expensive game of tennis!!! Doh!!! Happy for all the Bulls!!!! Keep upl the good work!!
Don't trade what you think. Just what you see!!!
  • #485,580
  • Jul 18, 2019 3:57pm Jul 18, 2019 3:57pm
Bed time profit taken with a short hedge to 2517 and a buy at the same time over night
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