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Cable Update (GBPUSD)

  • #491,301
  • Aug 30, 2019 3:57am Aug 30, 2019 3:57am
Quoting modalyakin
Moty, do you think the Bulls would resume in NY session? {quote}
If the eur/gbp will go down from the pivot line and the pivot line then yes
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yes yes yes
  • #491,302
  • Aug 30, 2019 4:04am Aug 30, 2019 4:04am
Very boring.

1 SHORT in FF session drop.

1 long in London open.

That is all.

will come back in NY session.

Bye guys.
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Intraday only.
  • #491,303
  • Aug 30, 2019 4:13am Aug 30, 2019 4:13am
Quoting asgcorp
{quote} I'm just getting started scaling on sell side.
1.2180 / 1.2200 area still looks good for shorts but people are still in wait and see mode , it will go lower only if it starts breaking lower

but as you say , better be open minded and nimble and just follow the market
  • #491,304
  • Aug 30, 2019 4:13am Aug 30, 2019 4:13am
I think GU can reach 1.2190, current price at 2177 already paving way upwards, but doubt it can breach the 1.22, kind of psych level IMO

Quoting Moty
{quote} If the eur/gbp will go down from the pivot line and the pivot line then yes {image}
yakinaja.hajarblehh
  • #491,305
  • Aug 30, 2019 4:15am Aug 30, 2019 4:15am
Aaaaannd it dropped, just like that..

Quoting modalyakin
I think GU can reach 1.2190, current price at 2177 already paving way upwards, but doubt it can breach the 1.22, kind of psych level IMO {quote}
yakinaja.hajarblehh
  • #491,306
  • Aug 30, 2019 4:20am Aug 30, 2019 4:20am
I wonder how far this diversion will go ?
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yes yes yes
  • #491,307
  • Aug 30, 2019 4:21am Aug 30, 2019 4:21am
...why prorogue continue and still GU hold to go shout.?
https://www.forexlive.com/news/!/bre...hnson-20190830
god speed..long journey a head
  • #491,308
  • Aug 30, 2019 4:37am Aug 30, 2019 4:37am
Quoting FXPraga
...why prorogue continue and still GU hold to go shout.? https://www.forexlive.com/news/!/bre...hnson-20190830

It isn't important but the idea that the case was brought in Scotland for the reasons stated in that article is ridiculous. https://www.bbc.com/news/uk-scotland...itics-49496517

Scotland and England have separate legal systems (and it appears holidays!).
Hypocrite lecteur, mon semblable, mon frere!
  • #491,309
  • Aug 30, 2019 4:49am Aug 30, 2019 4:49am
Quoting navk
today trade advice for GU. Buy. Buy Buy only above 2155. Break of 2155 to be sold.
my plan is working, but got bored so did not take the opportunity.
Intraday only.
  • #491,310
  • Aug 30, 2019 4:54am Aug 30, 2019 4:54am
Reached 2193 already, more push upwards I think
But the diversion you mentioned, how strong it is?
What would be for NY session, will it persist

Quoting Moty
I wonder how far this diversion will go ? {image}
yakinaja.hajarblehh
  • #491,311
  • Aug 30, 2019 5:23am Aug 30, 2019 5:23am
price is below weekly open and weekly balance. This is not a bullish setup.
Only setback for the bears is recent S/R at 2155.
I'm scaling short and I see 2110//2120 getting hit either today or Monday.
  • #491,312
  • Aug 30, 2019 5:23am Aug 30, 2019 5:23am
Quoting knkie
morning SOLD 1.2183 cautionary level @ 1.2158
took a BE on this trade.

Entering SHORT again now @ 2173
in wondering about yourself, you forgot what you came here to be part of
  • #491,313
  • Aug 30, 2019 5:24am Aug 30, 2019 5:24am
Prepare yourself to 1.22240
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yes yes yes
  • #491,314
  • Aug 30, 2019 5:31am Aug 30, 2019 5:31am
Moty, if too deep it would be dangerous to keep that many positions open, IMO
Better to cut some? It's Friday basically, so usually one way right

Quoting Moty
Prepare yourself to 1.22240 {image} {image}
yakinaja.hajarblehh
  • #491,315
  • Aug 30, 2019 5:39am Aug 30, 2019 5:39am
by the look of it , another intraday drop is brewing , but given this crazy price action , i would reenter short only upon confirmation , but still keep nimble and agile and ready to look for longs if there 's another crazy shoot to the upside clearing 1.2215 / 1.2230
  • #491,316
  • Aug 30, 2019 5:48am Aug 30, 2019 5:48am
with this PA, short and long are fine.
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Intraday only.
  • #491,317
  • Aug 30, 2019 6:00am Aug 30, 2019 6:00am
Quoting Neil0163
More food for thought what is easier to see The 3rd touch of a daily trendline with an engulfing candle for short Or The small Head and shoulders pattern with a neckline break and now a retest People took the short because as above its a major downtrend with daily trendline touch and bearish engulfing perfect and yeah that may still work out but what people didn't see is what they where actually shorting Into price action and structure had turned bullish but people haven't noticed this yet which in theory the third touch may more than likely be...
i like market structure,all money in the swing.. but may be is to late to check neckline? just thinking that head and shoulder finished with trendline and 200ma, 300 pips like somebody said, and banks always want to sell from better prices, fundamentals doesn't look good
  • #491,318
  • Aug 30, 2019 6:00am Aug 30, 2019 6:00am
Niceee, kudos to you mate

Quoting navk
with this PA, short and long are fine. {image}
yakinaja.hajarblehh
  • #491,319
  • Aug 30, 2019 6:02am Aug 30, 2019 6:02am
At the moment I see it.
maybe a shoulder head inverted shoulder.
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  • #491,320
  • Aug 30, 2019 6:12am Aug 30, 2019 6:12am
eur/ usd ... design this month is likely to fall yet so I have to wait if it will affect GU ..

by the way dxy can hit its all-time high and then with a while the recession will start ... dxy it is a breakout of the price.
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Ahsan