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Cable Update (GBPUSD)

  • #491,601
  • Sep 2, 2019 1:23pm Sep 2, 2019 1:23pm
Quoting asgcorp
{quote} Same as GBJPY the dragon. Sell high and buy low. Look for H4/D1 S/R zones and trade based on those levels. {image}
Hey man, i get ya, but just like with my ex-girlfriend, i didnt think she get any lower and then boom she would break through the bottom.... but all jokes aside, I find it hard to trade this pair considering that I am not fully immersed in the politics and sentiment of each moment. So, cheers to you cable guys and gals!!!
"As If" Friedman
  • #491,602
  • Sep 2, 2019 5:23pm Sep 2, 2019 5:23pm
Quoting navk
{quote} I do know 2044 or 2031. To me if it falls below 2040 then 2000. But before that I expect a bounce first to 2100.
I expect a bounce to minimum 2120 today. 2035 is not going to give up so easily. My chart says so. May be wrong too.
Intraday only.
  • #491,603
  • Sep 2, 2019 5:25pm Sep 2, 2019 5:25pm
I do not expect a break of 2000 before Friday.
Intraday only.
  • #491,604
  • Sep 2, 2019 5:52pm Sep 2, 2019 5:52pm
Quoting navk
{quote} I expect a bounce to minimum 2120 today. 2035 is not going to give up so easily. My chart says so. May be wrong too.
Yeah, I would also be surprised if we just cruise through the 2030's without a retracement first. We have 4 bearish closes in a row on the daily chart, combined with intraday PA around that level that suggest we might retrace, at least to 2100. I also noticed the spikes through the lower BB on H1, is that a long trigger for you?

And having said all this, in these brexit times, these technicals might mean nothing if Boris or Angela, or even Trump, issues a statement. So to all the newbies, be aware if price breaks through the 2030's and the 1980's without any support, don't try to catch a falling knife
  • #491,605
  • Sep 2, 2019 6:59pm Sep 2, 2019 6:59pm
Fresh bearish outside bar at D1
  • #491,606
  • Sep 2, 2019 7:51pm Sep 2, 2019 7:51pm
H4 hammer off of 88.6
Attached Image (click to enlarge)
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ex nihilo
  • #491,607
  • Sep 2, 2019 7:57pm Sep 2, 2019 7:57pm
EuroDollar
PoundDollar
Attached Image(s) (click to enlarge)
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  • #491,608
  • Sep 2, 2019 8:26pm Sep 2, 2019 8:26pm
Can someone enlight me,

What is this General Election that BoJo want to do on 14 Oct ?,
What do they want to elect ?, "Brexit or not" or either "BoJo need to step down" or not ?
What is BoJo trying to do ?

I don't really understand this.
Sorry, I'm not familiar with U.K. law.

Thanks in advanced
  • #491,609
  • Sep 2, 2019 10:16pm Sep 2, 2019 10:16pm
I am a big GBP bear but I just got out of my short at 1.2035

I think we are due to risky bounce and not worth it for me to keep riding it

looking at DXY ( ignore the value of the MT4 not matching the other platform ) I can see Dollar will start a temporally weakness from today

so this might make GU and EU bounce along with JPY pairs bounce up also
Attached Image (click to enlarge)
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  • #491,610
  • Sep 2, 2019 10:17pm Sep 2, 2019 10:17pm
The world crisis that can happen is because no economy seems to be able to fight the dollar ....
I pray for the world.
  • #491,611
  • Sep 2, 2019 10:22pm Sep 2, 2019 10:22pm
Quoting Marcieny
The world crisis that can happen is because no economy seems to be able to fight the dollar .... I pray for the world.
The truth.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #491,612
  • Sep 2, 2019 10:37pm Sep 2, 2019 10:37pm
Usdx perfect move again as expected but approaching good resistance/next weekly range levels up 99.42 and next 99.68.so still bear for others, though i close most now.
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #491,613
  • Sep 2, 2019 11:26pm Sep 2, 2019 11:26pm
Attached Image (click to enlarge)
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yes yes yes
  • #491,614
  • Sep 2, 2019 11:27pm Sep 2, 2019 11:27pm
I really wont be surprise that Bull Caller would be jumping & scream happily when price going up for 10's or 100's pips over & They will warn us who short ones here and there

They feel the world is their mind and hand because they are right,but guess what ?
Attached Image (click to enlarge)
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  • #491,615
  • Sep 2, 2019 11:35pm Sep 2, 2019 11:35pm
The recovery shall be 2100 to 2120 today.

Was expecting 2035 to hold but you know, Asia likes to take stops. 2025 also a reversal number, 2009 is reversal number.

May be I am wrong again.... Let us see how London would like to play.

2009 is Daily S1.
Intraday only.
  • #491,616
  • Edited Sep 3, 2019 5:40am Sep 2, 2019 11:38pm | Edited Sep 3, 2019 5:40am
i feel like today is also going to be a red candle.... medium size daily red candle.....
Extreme gut feeling trader
  • #491,617
  • Sep 2, 2019 11:46pm Sep 2, 2019 11:46pm
Quoting navk
The recovery shall be 2100 to 2120 today. Was expecting 2035 to hold but you know, Asia likes to take stops. 2025 also a reversal number, 2009 is reversal number. May be I am wrong again.... Let us see how London would like to play. 2009 is Daily S1.
i belive it will turn at weekly s2 1.2313
Attached Image (click to enlarge)
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yes yes yes
  • #491,618
  • Sep 2, 2019 11:51pm Sep 2, 2019 11:51pm
Quoting Moty
{quote} i belive it will turn at weekly s2 1.2313 {image}
yes, weekly S2 is tested.

2025 is from where trying to retrace.

Daily ADR is now 104 pips.

so anywhere between 2100 to 2120.
Attached Image(s) (click to enlarge)
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Intraday only.
  • #491,619
  • Sep 2, 2019 11:58pm Sep 2, 2019 11:58pm
What if 1950?
PA Return Today: na
  • #491,620
  • Sep 3, 2019 12:02am Sep 3, 2019 12:02am
2050 area looks like resistance for lower move
Come with me if you want to live....
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