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Cable Update (GBPUSD)

  • #488,761
  • Edited 3:24pm Aug 8, 2019 2:42pm | Edited 3:24pm
Quoting Neil0163
Triangle still in play with a strong bearish break now are we retesting? Potentially a nice shooting zone for shorts {image}
nothing has changed , cable could very likely fall further below 1.2070 / 1.2040

looking for good opportunities to go short
  • #488,762
  • Aug 8, 2019 2:52pm Aug 8, 2019 2:52pm
Hopefully the GBP news tomorrow will cause the price move south?!
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  • #488,763
  • Edited 3:28pm Aug 8, 2019 3:16pm | Edited 3:28pm
4h price range 1.2185 to 1.20955
wait tomorrow data
4 h chart
adx : 8.45 :weak no trend dmi: short cross :bearish
rsi : 47 If will go 55 and above,I will buy,If will go 45 and below I will sell ,rsi:47 is in the middle :wait
cci (31): -50 If will go 0 and above,I will buy,If will go 0 and below I will sell,cci:-50 is below:bearish
momentum: 4h Ichimoku:below cloud AND Alligator below teeth:bearish
trade : -------wait-------

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  • #488,764
  • Aug 8, 2019 6:47pm Aug 8, 2019 6:47pm
Quoting jan.forex
Hopefully the GBP news tomorrow will cause the price move south?! {image}
I just wanna say thats news not big effect for GBP.
So, back to technical is the best for today.
  • #488,765
  • Aug 8, 2019 6:49pm Aug 8, 2019 6:49pm
Quoting MXT
{quote} nothing has changed , cable could very likely fall further below 1.2070 / 1.2040 looking for good opportunities to go short
Still 50:50. Resistance on H1 vanish too. For today my strategy just trust EMA. Cause i feel it will be big move.
  • #488,766
  • Aug 8, 2019 7:39pm Aug 8, 2019 7:39pm
Make it or break it moment, fueled with mr. President tweets earlier

Quoting Gilaforex13
{quote} Still 50:50. Resistance on H1 vanish too. For today my strategy just trust EMA. Cause i feel it will be big move.
yakinaja.hajarblehh
  • #488,767
  • Edited 11:29pm Aug 8, 2019 10:35pm | Edited 11:29pm
Attached Image (click to enlarge)
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yes yes yes
  • #488,768
  • Aug 8, 2019 11:59pm Aug 8, 2019 11:59pm
Look like it will go down.
1 fake spike, then bid.
  • #488,769
  • Aug 9, 2019 12:03am Aug 9, 2019 12:03am
Looking ish to me expecting big drop
ex nihilo
  • #488,770
  • Aug 9, 2019 12:32am Aug 9, 2019 12:32am
News coming on GU in 3 hours. They will be positive. GU up, EG down.
Everyone can see the chart, but only a few can actually read it.
  • #488,771
  • Aug 9, 2019 12:40am Aug 9, 2019 12:40am
Quoting OnlineAddict
News coming on GU in 3 hours. They will be positive. GU up, EG down.
That's what I think. GU might be confusing but EG weekly chart says it has to come down to close.
But all the pound bears here make me nervous.
  • #488,772
  • Aug 9, 2019 12:44am Aug 9, 2019 12:44am
Quoting Sedate
But all the pound bears here make me nervous.
The opposite for me. I just saw that and it makes me more confident in the trade. Almost as it was 100% safe.
Everyone can see the chart, but only a few can actually read it.
  • #488,773
  • Aug 9, 2019 12:48am Aug 9, 2019 12:48am
Sold @1.2140
SL 10 pips
  • #488,774
  • Aug 9, 2019 1:09am Aug 9, 2019 1:09am
Quoting Sedate
{quote} That's what I think. GU might be confusing but EG weekly chart says it has to come down to close. But all the pound bears here make me nervous.
With 61% of FF bullish on GBPUSD,

I think you're safe...
As am I.
Come with me if you want to live....
  • #488,775
  • Aug 9, 2019 1:15am Aug 9, 2019 1:15am
Quoting Ill-b-back
{quote} With 61% of FF bullish on GBPUSD, I think you're safe... As am I.
At what point do you consider that FF data usable and not “50/50” anymore?

60/40?
51/49?

how specific? For example, I think of 48/52 as essentially still “50/50”...
A snails pace wins the race :-)
  • #488,776
  • Aug 9, 2019 1:29am Aug 9, 2019 1:29am
Quoting JustPipMe
{quote} At what point do you consider that FF data usable and not “50/50” anymore? 60/40? 51/49? how specific? For example, I think of 48/52 as essentially still “50/50”...
These numbers are only good for the members here at FF, then there's the other way of looking at it, and that is from the banks point of view, they love going where they can do the most damage to us poor lowly traders, and if they can pick us of then they will, so I think that people should study the sentiment index.
https://www.dailyfx.com/sentiment?ref=SubNav
  • #488,777
  • Aug 9, 2019 1:30am Aug 9, 2019 1:30am
Quoting JustPipMe
{quote} At what point do you consider that FF data usable and not “50/50” anymore? 60/40? 51/49? how specific? For example, I think of 48/52 as essentially still “50/50”...
In one of my other threads, (trading against the herd) I outline a simple contrarian approach that based on historical data, has been shown to be profitable.
At this specific juncture in GU, I'm not really interested in the data (as much), because I am interested in CHANGES in sentiment as entry points and the GBPUSD FF retail bulls have been in the majority every day since early May when we were at 1.3....
Come with me if you want to live....
  • #488,778
  • Aug 9, 2019 1:59am Aug 9, 2019 1:59am
Quoting OnlineAddict
News coming on GU in 3 hours. They will be positive. GU up, EG down.
Looks like predicted to be berrish.
Are you ready for the drop?
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yes yes yes
  • #488,779
  • Aug 9, 2019 2:02am Aug 9, 2019 2:02am
SL @ BE now.
  • #488,780
  • Aug 9, 2019 2:05am Aug 9, 2019 2:05am
There are support points along the way , but the price will go in the end to 1.18780 , but there will monor rejaction to the up side .
1st point was 1.21074 , next 1.19853
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yes yes yes
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