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Cable Update (GBPUSD)

  • #490,461
  • Aug 22, 2019 9:31am Aug 22, 2019 9:31am
It was a hard day for me.

Some sell orders got stopped out.

But at the end, happy.

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Intraday only.
  • #490,462
  • Aug 22, 2019 9:33am Aug 22, 2019 9:33am
Quoting Moty
{quote} This is what i call a spike This a minute chart {image} Already in shot at least to the pullback at 1.21800 area{image}{image}
I'm very happy for you my friend....
  • #490,463
  • Aug 22, 2019 9:34am Aug 22, 2019 9:34am
Quoting navk
It was a hard day for me. Some sell orders got stopped out. But at the end, happy. {image}
You are great Dear.
  • #490,464
  • Aug 22, 2019 9:34am Aug 22, 2019 9:34am
its time to see GBP weakness again
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  • #490,465
  • Aug 22, 2019 9:35am Aug 22, 2019 9:35am
I’m looking for a weak pull back through next week if so I’ll be loading on buys
  • #490,466
  • Aug 22, 2019 9:37am Aug 22, 2019 9:37am
Quoting Marcieny
{quote} You are great Dear.
" The cry baby " sellers disappeared.


Intraday only.
  • #490,467
  • Aug 22, 2019 9:45am Aug 22, 2019 9:45am
Tp is at weekly s1 ,1.22100
yes yes yes
  • #490,468
  • Aug 22, 2019 9:48am Aug 22, 2019 9:48am
Quoting navk
{quote} " The cry baby " sellers disappeared.
  • #490,469
  • Aug 22, 2019 9:52am Aug 22, 2019 9:52am
Quoting Neil0163
{quote} I just don’t pay any attention to it I’m a big believer Price is fractal, price action is king and news release or not price will go where it’s intebdibg to go this is why alot the fundi traders get caught out when.news is good yet a big sell off happens then they try to justify it when in theory it’s hit a key area within a structured level. But hey that’s just my thoughts and how I trade everyone is entitled to there own opinion and no opinion can be correct or wrong
I was kinda just having fun with words before but news matters if enough people (or capital to be precise) think it matters enough to trade on. But price also affects the news. As Soros says it is reflexive.

The playoff between the two is impossible to predict or analyse because they are both reliant on each other. Much like supply and demand, future expectations and current price, or life and death, and so on.

This persists throughout economic theory, albeit in slightly different ways. Such as how stability leads to instability or how an increase in market efficiency creates inefficiencies as a result (eg. speculation).

I'm not sure exactly what you mean by "fractal" but I think the movement of price is sometimes random, sometimes trending and sometimes rational to a varying degree based upon your perception, both of which will definitely change over time as a result of the three types of price movement. And it is this that allows a variety of strategies to work or not.

Anyway......I really should get out the house more.
Hypocrite lecteur, mon semblable, mon frere!
  • #490,470
  • Aug 22, 2019 9:53am Aug 22, 2019 9:53am
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yes yes yes
  • #490,471
  • Aug 22, 2019 9:59am Aug 22, 2019 9:59am
Quoting olderekg
GU bulls putting up a fight. how far can they push? {image} {image} {image}
retracement???
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At its best, change itself becomes a lifestyle.
  • #490,472
  • Aug 22, 2019 10:18am Aug 22, 2019 10:18am
pretty impressive run up in GBPUSD, congrats to the bulls if you managed to produce gains in GU this week.
I've tried short selling into Wednesday pump. No good. Only thing that saved me today was a tight stop loss.
  • #490,473
  • Aug 22, 2019 10:26am Aug 22, 2019 10:26am
Quoting sgmf
{quote} 100 for now, stopped for a while by tl, big picture still valid
nice, 200 now, but
"In case we weren't sure about Merkel's 30 days remark, a senior German official gets in touch to say she was being "polite". Those with knowledge of the Chancellor's thinking say she's concluded “the train has already left the station” and it’s almost impossible to stop no deal."

"It was said we will probably find a solution in two years. But we could also find one in the next 30 days, why not?" she added.
Macron seemed far more skeptical and reminded the press that the safeguarding mechanism had been agreed taking into consideration the 1998 Good Friday peace agreement and that what had been negotiated had to be honored."
  • #490,474
  • Aug 22, 2019 10:30am Aug 22, 2019 10:30am
it doesn't really matter what went behind the scenes, in Macron's bedroom, or in Merkel's Mercedes.
Price is King, period. Right now we got a pretty significant break out on Daily.
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  • #490,475
  • Aug 22, 2019 10:37am Aug 22, 2019 10:37am
Right now I've added some significant levels to my H1 price chart.

- 2265 is 50% of the latest dump (2500-2020)
- 2320 618 of the same - likely valid target for bulls
- 2330 MNT balance for Aug. Watching this later this/next week for signs of rejection.

Switching into buy dips mode. But no idea about entry level yet. Lets see the daily close today.
  • #490,476
  • Aug 22, 2019 10:55am Aug 22, 2019 10:55am
read between lines, hard Brexit is sure and coming soon so let's talk about border... they need some buyers...GL no pos
  • #490,477
  • Aug 22, 2019 10:56am Aug 22, 2019 10:56am
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Pension fund Return This Month: 2.2%
  • #490,478
  • Aug 22, 2019 10:56am Aug 22, 2019 10:56am
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yes yes yes
  • #490,479
  • Aug 22, 2019 10:58am Aug 22, 2019 10:58am
Moty are you already short? You are a tough guy.
  • #490,480
  • Aug 22, 2019 11:29am Aug 22, 2019 11:29am
Quoting asgcorp
Moty are you already short? You are a tough guy.
made a mistake there .
i needed to wait atleast for a break of the low of the last candle
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yes yes yes
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