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Cable Update (GBPUSD)

  • #491,001
  • Aug 28, 2019 2:30am Aug 28, 2019 2:30am
possible C&H on 3hour chart. Target 2360.
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  • #491,002
  • Aug 28, 2019 2:30am Aug 28, 2019 2:30am
Based on my swing-trading system, I will be looking for a GBPUSD sell trading opportunity at the 1.24990/1.23900 zone (bound by black horizontal lines in the attached D1 chart) if price action gives a bearish setup there on a 4H closing basis.

I am not always right. Trade safe.

KP

Attached Image (click to enlarge)
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Quoting KeenPips
The GBPUSD's current technical disposition is ambivalent although the general direction is southwards. Patience is required to wait for the two to align unless for scalpers. It is also good to note that there is a falling channel (e.g. on H4, D1 and W1 tfs) within which price action is operating, and price action is located some pips below the channel resistance. The monthly pivot is also just a few pips above current location of price action. Trade safe. KP
Do your homework, follow the footprints of smart money
  • #491,003
  • Aug 28, 2019 2:31am Aug 28, 2019 2:31am
if this is a valid C&H there won't be a dip to buy. You have to buy now or scale in orders overhead to produce gains.
  • #491,004
  • Aug 28, 2019 2:38am Aug 28, 2019 2:38am
Quoting asgcorp
if this is a valid C&H there won't be a dip to buy. You have to buy now or scale in orders overhead to produce gains.
done. buy stops @ overhead.
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  • #491,005
  • Aug 28, 2019 2:40am Aug 28, 2019 2:40am
Quoting DailyChart
Morning Trade Long With Target 1.2436 Stop @1.2193
yes. smart move.
  • #491,006
  • Aug 28, 2019 2:42am Aug 28, 2019 2:42am
what a surprise. that's my target on the above.
Attached Image
  • #491,007
  • Aug 28, 2019 2:45am Aug 28, 2019 2:45am
Moment of truth
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yes yes yes
  • #491,008
  • Aug 28, 2019 2:46am Aug 28, 2019 2:46am
Quoting Dingoman-two
{quote} "All over it my friend" EDIT "OUT WITH SMALL LOSS BECAUSE OF 5 PIP SPREAD" {image}
Should run from that broker ...
Fix up, trade sharp ...
  • #491,009
  • Aug 28, 2019 2:57am Aug 28, 2019 2:57am
something to focus at

since the down trend started GU never manage to retrace more than 300~pips and then drop again

we have 500pips drop to 700pips drop

our bottom is 1.2015 and with yesterday high we could say we did 300pips retrace

so is it time to finally dump this thing to a new low ?

a daily close below 1.2140 is a guaranteed ticket to break down the 1.2000
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  • #491,010
  • Aug 28, 2019 3:01am Aug 28, 2019 3:01am
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got slightly caught there false break barstools
  • #491,011
  • Aug 28, 2019 3:01am Aug 28, 2019 3:01am
Thia csm sh*t is a strike of gold.
Beforet the mini drop its a tie , the usd and the gbp was 4 pieces of stacked hamburgers.
But once a pita will always be a pita
1/3 position is out at 2572
Edit :all out 2466 and 2222
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yes yes yes
  • #491,012
  • Aug 28, 2019 3:04am Aug 28, 2019 3:04am
Quoting Moty
Thia csm sh*t is a strike of gold. Beforet the mini drop its a tie , the usd and the gbp was 4 pieces of stacked hamburgers. But once a pita will always be a pita 1/3 position is out at 2572 Edit :all out 2466 and 2222 {image} {image}
The Pita Bread has become a Platter of Bread! congrats on your shorts. They did not get burnt

I was with you on the same trade in GC but almost cut me out by 2 pips. Suddenly reversed and came down. God knows what happened...?
  • #491,013
  • Aug 28, 2019 3:05am Aug 28, 2019 3:05am
Quoting OnlineAddict
Do not long cable before 2040-50 is hit again.
I warned you.
Everyone can see the chart, but only a few can actually read it.
  • #491,014
  • Aug 28, 2019 3:05am Aug 28, 2019 3:05am
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Quoting zaneG
Not sure if it is strong enough to go down to 1.2193 but if it does, that is a great area to buy. Most likely (i think) to 1.2230 area before we go back up again.
Now that could ??? Be the call of the day
  • #491,015
  • Aug 28, 2019 3:09am Aug 28, 2019 3:09am
good call too for those who shorted this morning
  • #491,016
  • Aug 28, 2019 3:09am Aug 28, 2019 3:09am
Now to the mIn event.
Right shoulder of a Rising h&s , and then we will the drop
Took little long to 2600
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yes yes yes
  • #491,017
  • Aug 28, 2019 3:11am Aug 28, 2019 3:11am
Quoting OnlineAddict
{quote} I warned you.
You're joking right??
Going no where near those levels.
Come with me if you want to live....
  • #491,018
  • Aug 28, 2019 3:13am Aug 28, 2019 3:13am
is there anyone who use stochastic to pull the trigger?
I'm using BB in Daily tf to determine 'instant' S/R, and EMA in Daily tf to see the trend (also check W and Montly tf). Then use stoc in H1 to pull trigger.

Is stoc have good probability?
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wish me pips
  • #491,019
  • Aug 28, 2019 3:14am Aug 28, 2019 3:14am
Quoting Ill-b-back
{quote} You're joking right?? Going no where near those levels.
I hope you didn't expect to reach those levels within 60 seconds on a minute chart.

But we are and there is no point to long since that level will have to be reached, anyway.
Everyone can see the chart, but only a few can actually read it.
  • #491,020
  • Aug 28, 2019 3:17am Aug 28, 2019 3:17am
Serious pain on bulls **** lol.
Never follow/blame others,Patience is the key skill for Succesfull trading.
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