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Cable Update (GBPUSD)

  • #488,521
  • Edited 2:46am Aug 7, 2019 2:04am | Edited 2:46am
Well that's what I've been waiting for all morning short in at 1.2143
out 7 pips - wait for retrace
back in 1.2137
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Don't trade what you think. Just what you see!!!
  • #488,522
  • Aug 7, 2019 2:08am Aug 7, 2019 2:08am
My view :

it will touch 1.2073 today or tommorow

lets see
Not losing money is almost good as making money
  • #488,523
  • Aug 7, 2019 2:10am Aug 7, 2019 2:10am
short @ 1.2142

sl 40 pip
tp open
  • #488,524
  • Aug 7, 2019 2:10am Aug 7, 2019 2:10am
Still no break
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yes yes yes
  • #488,525
  • Aug 7, 2019 2:15am Aug 7, 2019 2:15am
Quoting Moty
Still no break {image}
Your hope only if 1.2100 hold.
  • #488,526
  • Aug 7, 2019 2:35am Aug 7, 2019 2:35am
sideways market is complete ... or correction is complete ... now price movement is following the down trend ... ride the trend to take profit ...
The Average Discount Everything
  • #488,527
  • Aug 7, 2019 2:42am Aug 7, 2019 2:42am
Sell limit @1.2166. no buy for me until 1.2215 break.
  • #488,528
  • Aug 7, 2019 2:44am Aug 7, 2019 2:44am
Quoting Gilaforex13
{quote} Your hope only if 1.2100 hold.
No my friend, i am hoping for bullish ingulfing daily candle
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Uglyist retracement i have ever seem
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yes yes yes
  • #488,529
  • Aug 7, 2019 2:45am Aug 7, 2019 2:45am
afternoon

the ranging behavior is triggered by M30 HH-LL formation.
Until one of the levels breaks there is no direction.

Just in case price falls fast I have a pending short @ 2131 ... 30 pip target
in wondering about yourself, you forgot what you came here to be part of
  • #488,530
  • Aug 7, 2019 2:46am Aug 7, 2019 2:46am
More probability is there for North.
And Short in this low gives only minimal stakes.
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Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #488,531
  • Aug 7, 2019 2:48am Aug 7, 2019 2:48am
Quoting Moty
{quote} No my friend, i am hoping for bullish ingulfing daily candle {image}
You are too subjective. I see your chart it break your TL, but you didnt close it. Good luck.
  • #488,532
  • Edited Aug 8, 2019 12:02am Aug 7, 2019 2:49am | Edited Aug 8, 2019 12:02am
Quoting knkie
afternoon the ranging behavior is triggered by M30 HH-LL formation. Until one of the levels breaks there is no direction. Just in case price falls fast I have a pending short @ 2131 ... 30 pip target

It has just broken through yesterday's low my friend, it could retrace a bit then continue down.

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  • #488,533
  • Aug 7, 2019 2:50am Aug 7, 2019 2:50am
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The Average Discount Everything
  • #488,534
  • Aug 7, 2019 2:53am Aug 7, 2019 2:53am
Quoting Dingoman-two
{quote} It has just broken through yesterday's low my friend, it could retract a bit then continue down. {image}

  • #488,535
  • Aug 7, 2019 2:57am Aug 7, 2019 2:57am
Quoting Dingoman-two
{quote} It has just broken through yesterday's low my friend, it could retract a bit then continue down. {image} {file}
agreed
i just want m30 to make a LH first
in wondering about yourself, you forgot what you came here to be part of
  • #488,536
  • Aug 7, 2019 3:01am Aug 7, 2019 3:01am
Adr target for long become 1.22030
yes yes yes
  • #488,537
  • Aug 7, 2019 3:04am Aug 7, 2019 3:04am
correction in GBPUSD is complete ... and continuation of the downtrend is inevitable ... all of it is caused by the buyer bringing Gu prices up blindly yesterday and the seller completes the correction by bringing prices to the daily low candle yesterday ... it cannot be avoided price will go to 1.20000 .... it's time to sell in Gu with low risk .... Retail traders cannot bring prices up or down ... only trader investors can do it ... as a retail trader it is expected to be able to understand the changes in the psychology of big traders / investors and follow what big traders do with prices ... believe your chart ... .

Inserted Video
The Average Discount Everything
  • #488,538
  • Aug 7, 2019 3:09am Aug 7, 2019 3:09am
so in summary. Consensus so far is that price will go DOWN and hit 2000.
So the most likely outcome - bear trap and we hit 2300 within few days (3-5 days).

Let's see what happens.
  • #488,539
  • Aug 7, 2019 3:12am Aug 7, 2019 3:12am
Quoting hesron
correction in GBPUSD is complete ... and continuation of the downtrend is inevitable ... all of it is caused by the buyer bringing Gu prices up blindly yesterday and the seller completes the correction by bringing prices to the daily low candle yesterday ... it cannot be avoided price will go to 1.20000 .... it's time to sell in Gu with low risk .... https://www.youtube.com/watch?v=mLRjFWDGs1g
  • #488,540
  • Aug 7, 2019 3:14am Aug 7, 2019 3:14am
Quoting Dingoman-two
{quote}

The clip my friend, not your call, your call is spot on from my point of view
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