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Cable Update (GBPUSD)

  • #486,321
  • Jul 23, 2019 6:24am Jul 23, 2019 6:24am
Quoting mbrown
{quote} Who knows! But my gut tells me (supported by an open economy IS/LM model), that the GBP goes down beyond all my downside targets. Parity anyone? Let's see. (As soon as I post new reply the price will probably bull up by 200 pips...lol)

Short trade scratched, - 6 pips. Sorry but the price pop wasn't part of the plan.
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  • #486,322
  • Jul 23, 2019 6:25am Jul 23, 2019 6:25am
dont miss the train, and noted on oct 31 "do or die"
  • #486,323
  • Jul 23, 2019 6:26am Jul 23, 2019 6:26am
Quoting Dingoman-two
{quote} why do you think it will go down my friend
Because I don't believe the elections changed much as it was obvious to whom would win, I think it won't rise until Brexit is solved
defeat can still be profitable
  • #486,324
  • Jul 23, 2019 6:27am Jul 23, 2019 6:27am
Quoting Dingoman-two
{quote} why do you think it will go down my friend
I could of course be totally wrong as I am down 50pips for now
defeat can still be profitable
  • #486,325
  • Jul 23, 2019 6:28am Jul 23, 2019 6:28am
Yesterdays high is the key.
  • #486,326
  • Jul 23, 2019 6:28am Jul 23, 2019 6:28am
Quoting allinazi
{quote} Not 100% correct he wants a deal and said most likely scenario however he will not hesitate to leave without a deal. The thing is a deal suits everyone a no deal suits no one
exactly, we discussed this last week, the point of No-Deal Brexit is to get a better deal
defeat can still be profitable
  • #486,327
  • Jul 23, 2019 6:30am Jul 23, 2019 6:30am
Nothing really new guys. I think this is just a short term upside action, I am keeping my target at 1.23600
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  • #486,328
  • Jul 23, 2019 6:31am Jul 23, 2019 6:31am
Quoting john-smith
{quote} i could of course be totally wrong as i am down 50pips for now
more upside for the gbp/usd if the usd index falls.
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YESTERDAY'S HIGH
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  • #486,329
  • Jul 23, 2019 6:33am Jul 23, 2019 6:33am
Quoting thatguy22
Nothing really new guys. I think this is just a short term upside action, I am keeping my target at 1.23600 {image}

For me, everything has just changed. Taken the long.

===================================

Perhaps prudence would have waited for the close of the H1 bar!!!
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  • #486,330
  • Jul 23, 2019 6:35am Jul 23, 2019 6:35am
Quoting mbrown
{quote} For me, everything has just changed. Taken the long. {image}
Why?

Lets wait and see what NY open will bring
  • #486,331
  • Jul 23, 2019 6:38am Jul 23, 2019 6:38am
No big move after news release.
  • #486,332
  • Jul 23, 2019 6:39am Jul 23, 2019 6:39am
Quoting thatguy22
{quote} Why? Lets wait and see what NY open will bring

I'm just trading the Pitchfork, big homie!
  • #486,333
  • Jul 23, 2019 6:39am Jul 23, 2019 6:39am
Hi Guys,

Managed to catch this one today. My 4 hour candle close in 26 minutes. Would like to see a candle close above 1.2450 and would love to see a daily candle close above 1.2500. I could add some buy trades on a pullback towards my broken descending trend line. Price currently on my daily pivot. We shall see. Price also in a long term support area and for this reason I would not sell this low. I look for buy opportunities only.
Cheers.
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Trade to trade another day
  • #486,334
  • Jul 23, 2019 6:42am Jul 23, 2019 6:42am
it's not about Boris,
its whats the resolve of some of his party
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #486,335
  • Jul 23, 2019 6:46am Jul 23, 2019 6:46am
Gu supported at 1.24388
Dx is revarse at 97.175
Eg is about to drop a massive h&s .
Ta says outload , go long
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yes yes yes
  • #486,336
  • Jul 23, 2019 6:54am Jul 23, 2019 6:54am
Now that all the retail chasers who lack patience skills in trading are fully convinced that it's time to load up on buy side market is ready for a flush and re-test of sign lows at 2380//2390.
  • #486,337
  • Jul 23, 2019 6:57am Jul 23, 2019 6:57am
Quoting asgcorp
Now that all the retail chasers who lack patience skills in trading are fully convinced that it's time to load up on buy side market is ready for a flush and re-test of sign lows at 2380//2390.
Perhaps.

If my long is stopped out I'll call it a day due to being out of alignment with the market. Eating my slab of steak may have to be delayed!
  • #486,338
  • Jul 23, 2019 6:57am Jul 23, 2019 6:57am
Quoting Dingoman-two
{quote} more upside for the gbp/usd if the usd index falls. {image} YESTERDAY'S HIGH {image}
So you think usdx will fall?
defeat can still be profitable
  • #486,339
  • Jul 23, 2019 7:01am Jul 23, 2019 7:01am
Quoting mbrown
{quote} For me, everything has just changed. Taken the long
Boom! SL hit
?
  • #486,340
  • Jul 23, 2019 7:03am Jul 23, 2019 7:03am
Use TF M1 if any news.
And why i dont do that.
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