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Cable Update (GBPUSD)

  • #486,481
  • Jul 23, 2019 3:03pm Jul 23, 2019 3:03pm
Quoting Ill-b-back
Looks to me like 2450 last buy zone...
And now a sell zone
Come with me if you want to live....
  • #486,482
  • Jul 23, 2019 3:29pm Jul 23, 2019 3:29pm
Quoting Giusto
{quote} Too complicated to me. Do some here trade options on currencies and more specifically Cable?
Giusto take a look at this post
You need to find out which asset you identify with the most.
https://www.forexfactory.com/showthr...8#post12395838
  • #486,483
  • Jul 23, 2019 3:33pm Jul 23, 2019 3:33pm
Quoting meugampong
still down imo {image}
Yes meugampong, you are correct. On your chart, we don't see any evidence that trend has changed (we still see LH-LL)...but if you take under consideration primary angle of two last swings you will notice that the second leg lacks the intensity of the selloff of its predecessor. I interpret this move as weak price action with waning momentum. Together with the characteristics of the second swing (overlapping sections), I see this move more likely as a correction plus my analysis on a daily chart is telling me we might be close to the bottom. When the price leaves the corrective channel on 1H chart I will be ready to go long without hesitation.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 07.23.60M.d.PNG Size: 102 KB
Always trade your own plan...I don't provide trading signals.
  • #486,484
  • Jul 23, 2019 3:38pm Jul 23, 2019 3:38pm
Hey Guys look at the chart GU in timeframe H12
  • #486,485
  • Jul 23, 2019 3:52pm Jul 23, 2019 3:52pm
Looks bearish to me
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 32 KB
Click to Enlarge Name: GBPUSDH4.png Size: 27 KB
Come with me if you want to live....
  • #486,486
  • Jul 23, 2019 4:05pm Jul 23, 2019 4:05pm
Quoting Ill-b-back
Looks bearish to me {image} {image}
sure is. bulls will protect 2400 +-20 give or take, bears will reemerge strong near 2500 into Fed and then we get a print close to 2300
and this pretty much completes the sequence. Review charts after we hit 2300/2340.
  • #486,487
  • Jul 23, 2019 4:30pm Jul 23, 2019 4:30pm
Quoting Theoak
short in at 1.2441 target 20pips +
Well I've been in this trade all day. I was convinced this was going down to the lows. I thought Mr Johnson was going to help me, but the market seems to see this as positive. going to hold this trade. see where we are tomorrow. Good night all!!!
Don't trade what you think. Just what you see!!!
  • #486,488
  • Jul 23, 2019 4:50pm Jul 23, 2019 4:50pm
Quoting Theoak
{quote} Well I've been in this trade all day. I was convinced this was going down to the lows. I thought Mr Johnson was going to help me, but the market seems to see this as positive. going to hold this trade. see where we are tomorrow. Good night all!!!
good rest .. here now that it's night ... thanks for the cake ... i also need to go out to celebrate my birthday.
Sleep well
  • #486,489
  • Jul 23, 2019 5:09pm Jul 23, 2019 5:09pm
Quoting Marcieny
Hey Guys look at the chart GU in timeframe H12
Do you mean a doji on the tl ?? Regards E
  • #486,490
  • Jul 23, 2019 5:14pm Jul 23, 2019 5:14pm
Quoting elbert3
{quote} Do you mean a doji on the tl ?? Regards E
In my chart a Bull Candle....

price may be corrected at any time on the daily chart.
  • #486,491
  • Jul 23, 2019 5:16pm Jul 23, 2019 5:16pm
Quoting Marcieny
{quote} good rest .. here now that it's night ... thanks for the cake ... i also need to go out to celebrate my birthday. Sleep well
Oh oh... na then Happy Birthday to you
Attached File(s)
File Type: mp4 Minion Happy Birthday.mp4   2.8 MB | 246 downloads
  • #486,492
  • Jul 23, 2019 5:22pm Jul 23, 2019 5:22pm
Quoting asgcorp
{quote} sure is. bulls will protect 2400 +-20 give or take, bears will reemerge strong near 2500 into Fed and then we get a print close to 2300 and this pretty much completes the sequence. Review charts after we hit 2300/2340.
The 4hr rejection is obvious...
and the daily is bearish...
Come with me if you want to live....
  • #486,493
  • Jul 23, 2019 5:23pm Jul 23, 2019 5:23pm
Quoting zippo22
{quote} Oh oh... na then Happy Birthday to you {file}
Many Thanks Zippo...
I feel spoiled.
I did my first year of trading today too.
  • #486,494
  • Jul 23, 2019 5:27pm Jul 23, 2019 5:27pm
Attached Image (click to enlarge)
Click to Enlarge Name: DX-4-hours.png Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #486,495
  • Jul 23, 2019 5:45pm Jul 23, 2019 5:45pm
Quoting Marcieny
{quote} Many Thanks Zippo... I feel spoiled. I did my first year of trading today too.
Uhh... double celebration Well, I hope it was a green year...
  • #486,496
  • Jul 23, 2019 7:15pm Jul 23, 2019 7:15pm
My view:

I expect price to find demand around 1.2429

Current week's volume adjusted support is at 1.24686

Price would most likely buy until 1.2582 or higher before sellers will show interest in selling.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD400H4.png Size: 30 KB
  • #486,497
  • Jul 23, 2019 7:23pm Jul 23, 2019 7:23pm
Hi guys,
Back at home.
Probably trying to find support GU.
London session may be long.
2425/15 dip level in frankfurt session then could slowly push up.
Intraday only.
  • #486,498
  • Jul 23, 2019 7:27pm Jul 23, 2019 7:27pm
Quoting Marcieny
{quote} Many Thanks Zippo... I feel spoiled. I did my first year of trading today too.
Wish you many more happy returns of the day.
Cheers dear.!
Intraday only.
  • #486,499
  • Edited 8:54pm Jul 23, 2019 7:48pm | Edited 8:54pm
hhmmmmmm very interesting folks ????????
Head & shoulders 4 hour chart, lets see what comes from it
Attached Image (click to enlarge)
Click to Enlarge Name: 4HOURSH&SPATTEN.JPG Size: 127 KB
  • #486,500
  • Edited 8:07pm Jul 23, 2019 7:54pm | Edited 8:07pm
GU found the bottom.GBP pairs are really strong next 24 hours... AUD pairs are going down....EUR pairs are weak.Any GBP/xxx is long. Loong
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 36 KB
Market Makers Tax Guy...
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