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Cable Update (GBPUSD)

  • #488,921
  • Aug 9, 2019 6:55am Aug 9, 2019 6:55am
Quoting Dingoman-two
{quote} As well as that my friend, yesterday's low, and the last months low have also been taken out so far today as well, Bear eating Beef tonight.
i bet it's gonna be bull beef
  • #488,922
  • Aug 9, 2019 7:01am Aug 9, 2019 7:01am
Quoting modalyakin
Are you sure? Seems calling floor here? {quote}
Indeed I always keep saying it price action is key, I’ll draw a chart up abit later of all the price action of the drop I did draw one up in a few previous post but it was a while back.

Triangles should be expected to break in the direction of the trend now it dosent happen all the time of course but more often than not, when we got into this triangle I was expecting it to break low with targets of the 1.20 quarter point
  • #488,923
  • Aug 9, 2019 7:07am Aug 9, 2019 7:07am
90 points of WR remains, so still could print 2000 today.
  • #488,924
  • Aug 9, 2019 7:09am Aug 9, 2019 7:09am
Quoting Coreg2004
Moty, yes GU is in reversal zone but notice 2180 level which should complete a larger harmonic pattern. 1H chart might give us a bounce to the upside. {image} {image}
Update of the longer view and intraday for Friday ...just my analysis nothing is carved in the stone.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GU08.09.30M.PNG Size: 92 KB
Always trade your own plan...I don't provide trading signals.
  • #488,925
  • Aug 9, 2019 7:44am Aug 9, 2019 7:44am
If we are fortunate enough to get a bounce from 2050, then I think 21xx area is good for more shorts
Attached Image(s) (click to enlarge)
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Come with me if you want to live....
  • #488,926
  • Aug 9, 2019 7:51am Aug 9, 2019 7:51am
Quoting Theoak
{quote} Well I'm going to let this breath a bit, but my target is 1.2030 Stackin shorts 1st in 1.2062 2nd in 1.2063 3rd in 1.2070
I think the bear run is over

out -9 X 3
Don't trade what you think. Just what you see!!!
  • #488,927
  • Aug 9, 2019 7:58am Aug 9, 2019 7:58am
Quoting Theoak
{quote} I think the bear run is over out -9 X 3
not sure about that, there might be a little rise but I see it come back down again
defeat can still be profitable
  • #488,928
  • Aug 9, 2019 8:06am Aug 9, 2019 8:06am
Quoting john-smith
{quote} not sure about that, there might be a little rise but I see it come back down again
1.2020 - 1.2040 could likely be intraday bottom
  • #488,929
  • Aug 9, 2019 8:23am Aug 9, 2019 8:23am
Hi Guys,
Had to help myself to the gravy train this week. It has been screaming short all week. My trades locked in and will let it run its course.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_193.png Size: 61 KB

Having said, we are close to multi year lows of 2016/2017. My chart from a weekly perspective. I will look for reversal signals from my yearly support 1 at 1.20190. Of course trading off these levels will not come easy and lots of manipulation and stop hunts.
Trade safe,
cheers.
Attached Image (click to enlarge)
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Trade to trade another day
  • #488,930
  • Aug 9, 2019 8:37am Aug 9, 2019 8:37am
Attached Image (click to enlarge)
Click to Enlarge Name: GU h1.png Size: 31 KB
yes yes yes
  • #488,931
  • Aug 9, 2019 8:48am Aug 9, 2019 8:48am
It looks like this year has been good and it is being learned a lot ... especially about unknown regions on the chart .. I love learning
  • #488,932
  • Aug 9, 2019 8:54am Aug 9, 2019 8:54am
the news is just a reflection of what the graph has shown will happen ... it just ends or starts a new cycle.
  • #488,933
  • Aug 9, 2019 8:57am Aug 9, 2019 8:57am
Quoting Marcieny
It looks like this year has been good and it is being learned a lot ... especially about unknown regions on the chart .. I love learning
you're truly faithful to your signature Marcieny , i like that
  • #488,934
  • Aug 9, 2019 9:10am Aug 9, 2019 9:10am
very thin range this week.

If so a possibility of a pullback.
Intraday only.
  • #488,935
  • Aug 9, 2019 9:19am Aug 9, 2019 9:19am
Quoting Theoak
{quote} and drinking beer
Drink with me ?
  • #488,936
  • Aug 9, 2019 9:19am Aug 9, 2019 9:19am
Quoting MXT
{quote} you're truly faithful to your signature Marcieny , i like that
Luv her bro ?
  • #488,937
  • Aug 9, 2019 9:20am Aug 9, 2019 9:20am
Quoting navk
very thin range this week. If so a possibility of a pullback.
Dear I would like a retracement too ... other pound pairs made another low today as well.
  • #488,938
  • Aug 9, 2019 9:22am Aug 9, 2019 9:22am
closing my shop for the day. Result is same like yesterday. Absolutely a very small risk I take, so the returns not so impressive. But happy enough.

Will watch though if it breaks 2050. I may not take long today as Friday.
Attached Image (click to enlarge)
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Intraday only.
  • #488,939
  • Aug 9, 2019 9:23am Aug 9, 2019 9:23am
Quoting john-smith
{quote} not sure about that, there might be a little rise but I see it come back down again
I'm defo on the short side, but had to go out and got out based on some short timeframe momentum. I think the big boys might have some beer money now!
Attached Image (click to enlarge)
Click to Enlarge Name: john-smiths-1-pint-glass-personalised-9042-p.jpg Size: 66 KB
Don't trade what you think. Just what you see!!!
  • #488,940
  • Aug 9, 2019 9:24am Aug 9, 2019 9:24am
Quoting navk
closing my shop for the day. Result is same like yesterday. Absolutely a very small risk I take, so the returns not so impressive. But happy enough. Will watch though if it breaks 2050. I may not take long today as Friday. {image}
You're so nice and humble. and a great trader.
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