Cable Update (GBPUSD) | Page 24371 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #487,401
  • Jul 29, 2019 4:43am Jul 29, 2019 4:43am
It seems to me that GBP / USD has reached the lower boundary of the channel and this is an ora to buy. The stochastic is below level 20, rsi is on 30. Ichimoku is showing a downward trend, and maybe a reversal will not happen quickly.
Daily
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 104 KB
  • #487,402
  • Jul 29, 2019 4:46am Jul 29, 2019 4:46am
Quoting HRTrading
{quote} I hope you put more than 0.1
Haha indeed, 1 lot split into 0.50
  • #487,403
  • Edited 6:12am Jul 29, 2019 4:54am | Edited 6:12am
Quoting Amir_Forex
{image}{image}{image}
Just had a quick check of this with my own fibs and I agree I'm not in this bullish butterfly but my targets would be the 38.2 at 1.2410 (I'll use the quarter number of 1.2400) and if it breaks that the 61.8 at 1.2465 (I'll use 1.2450 quarter point) from there I'm expecting either trend continuation short or a double bottom/H&S pattern for trend reversal to the bulls
Edit
Chart attached

Edit 2 butterfly failed
This is why I don't counter trend trade
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2019-07-29-11-02-59.png Size: 111 KB
  • #487,404
  • Jul 29, 2019 4:54am Jul 29, 2019 4:54am
Moty, where are you? I try to save you, but you push me.
Hope you all right.
  • #487,405
  • Jul 29, 2019 5:02am Jul 29, 2019 5:02am
lets see if there is still more downside in this...
SELL 2333
in wondering about yourself, you forgot what you came here to be part of
  • #487,406
  • Edited 5:31am Jul 29, 2019 5:14am | Edited 5:31am
Quoting knkie
lets see if there is still more downside in this... SELL 2333
nope. seems to be done for now.
Exit -5 pips.

BUY 1.2339
target 25 pips

edit : too shaky, sudden moves. im out of this pair for now.
in wondering about yourself, you forgot what you came here to be part of
  • #487,407
  • Jul 29, 2019 5:19am Jul 29, 2019 5:19am
Quoting asgcorp
Last setup I've posted in here was good for almost 100 points with 15 point DD... I'll see about posting any new setups in here next week, seems like I'm wasting my time though. {image}
We all trade different strategies, I trust my own technical analysis thank you.

Guz
Charts don't drive price, market conditions drive price...
  • #487,408
  • Jul 29, 2019 5:30am Jul 29, 2019 5:30am
Quoting knkie
{quote} nope. seems to be done for now. Exit -5 pips. BUY 1.2339 target 25 pips
lol
?
  • #487,409
  • Jul 29, 2019 5:31am Jul 29, 2019 5:31am
Quoting fontu
{quote} apparently ok but careful {image}
well I'm up 12pips for now, I have time to close
defeat can still be profitable
  • #487,410
  • Jul 29, 2019 5:59am Jul 29, 2019 5:59am
I'm glad we've touched the low of the day...ZONE!
  • #487,411
  • Jul 29, 2019 6:05am Jul 29, 2019 6:05am
Quoting mbrown
I'm glad we've touched the low of the day...ZONE!
Let's pray for this ZONE!
  • #487,412
  • Jul 29, 2019 6:08am Jul 29, 2019 6:08am
Inserted Video
  • #487,413
  • Jul 29, 2019 6:09am Jul 29, 2019 6:09am
Quoting DailyChart
{quote} London open below 1.2382 indicate downtrend for the next 4H as long price still consolidate around this number,Price might reverse going up or continues down from here for those who call bull if you are right in this week just remain humble and dont come here just for screaming that you are right and post below words .. " Yeah,I told you so " I warn you Etc blah2 " While price keep drop week by week Just relax and Trade It,Don't let the incoming news affect your Technical analysis
Beautiful,this is how to play intraday setup
  • #487,414
  • Jul 29, 2019 6:13am Jul 29, 2019 6:13am
Quoting Neil0163
{quote} Just had a quick check of this with my own fibs and I agree I'm not in this bullish butterfly but my targets would be the 38.2 at 1.2410 (I'll use the quarter number of 1.2400) and if it breaks that the 61.8 at 1.2465 (I'll use 1.2450 quarter point) from there I'm expecting either trend continuation short or a double bottom/H&S pattern for trend reversal to the bulls Edit Chart attached Edit 2 butterfly failed This is why I don't counter trend trade {image}
This is my exact reason for not entering or counter trend trading
  • #487,415
  • Jul 29, 2019 6:20am Jul 29, 2019 6:20am
it is only one side, as of now.

20 pips retrace is being sold.

2300 last level, ( being round number ) to defend, for a good retrace
Intraday only.
  • #487,416
  • Jul 29, 2019 6:20am Jul 29, 2019 6:20am
Quoting DailyChart
{quote} Beautiful,this is how to play intraday setup
Don't date it; trade it!
Don't trade what you think. Just what you see!!!
  • #487,417
  • Jul 29, 2019 6:24am Jul 29, 2019 6:24am
Quoting Theoak
{quote} Don't date it; trade it!
Identify the daily trend and trade when price consolidate and close in the same directions when London open
set your trade and stop and forget it until tomorrow London session begin again

Never chase the moves,
Let The Price kill & Hunt those Bull and Bear retailers hours by hours,minutes by minutes and second by second
  • #487,418
  • Jul 29, 2019 6:26am Jul 29, 2019 6:26am
Quoting DailyChart
{quote} Identify the daily trend and trade when price consolidate and close in the same directions when London open set your trade and stop and forget it until tomorrow London session begin again Never chase the moves, Let The Price kill & Hunt those Bull and Bear retailers hours by hours,minutes by minutes and second by second
Day by day, week by week, year by year, lifetime by lifetime!!!
Don't trade what you think. Just what you see!!!
  • #487,419
  • Jul 29, 2019 6:28am Jul 29, 2019 6:28am
And I'll throw it out there but I think over the next month ie August/maybe September we will see prices drop too 1.21 before a proper bull run (not just a pull back on a daily timeframe) based of pure technical.
See how this post turns out come that time.
That should take in around 1210 pips
  • #487,420
  • Jul 29, 2019 6:37am Jul 29, 2019 6:37am
Quoting Neil0163
And I'll throw it out there but I think over the next month ie August/maybe September we will see prices drop too 1.21 before a proper bull run (not just a pull back on a daily timeframe) based of pure technical. See how this post turns out come that time. That should take in around 1210 pips
Let's see NY can bring some bulls in GU?
308 traders viewing now