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Cable Update (GBPUSD)

  • #491,881
  • Sep 4, 2019 3:44am Sep 4, 2019 3:44am
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Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #491,882
  • Sep 4, 2019 3:49am Sep 4, 2019 3:49am
DXY trying to find support at 98.81. It is also last weeks close.
I think since it is expected to fall down it is going to bounce up a bit here. Maybe not all the way to the new highs but 99.10 area.
And if dxy then GBPUSD . Which is happening as i write this comment..
Sold Cable at 1.2154 for some..

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  • #491,883
  • Edited 4:03am Sep 4, 2019 3:49am | Edited 4:03am
Quoting modalyakin
Yes yes, I'd avoid counter-trend trading when possible So today's movement is abit wild for me, yet temptation is present, may want to jump short when 1.22 reached {quote}
very risky jumps presently but likely not change all the old action so soon . with only signal , bo & back / that is hold bo only play safe. price below 2122 ,bounce & back below it , as 2118 can short with sl .
so simply price 2118 signal for 2095 1st confirmation for 2057 2nd conformation for 2012 to bottom play , use sl all times.
so 2123 breaks only starts for all possible scenarios /price action in smaller tf. if breaks then for your 1.22 may to wait from below minimum from below 2057! take care
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #491,884
  • Sep 4, 2019 3:51am Sep 4, 2019 3:51am
Quoting Basshen
DXY trying to find support at 98.81. It is also last weeks close. I think since it is expected to fall down it is going to bounce up a bit here. Maybe not all the way to the new highs but 99.10 area. And if dxy then GBPUSD . Which is happening as i write this comment.. Sold Cable at 1.2154 for some.. {image}

closed 1.2138
  • #491,885
  • Sep 4, 2019 4:13am Sep 4, 2019 4:13am
Noted and heeding the warning
Maybe just adrenaline rush jumping short
Better pricing would be considered

Quoting fontu
{quote} very risky jumps presently but likely not change all the old action so soon . with only signal , bo & back / that is hold bo only play safe. price below 2122 ,bounce & back below it , as 2118 can short with sl . so simply price 2118 signal for 2095 1st confirmation for 2057 2nd conformation for 2012 to bottom play , use sl all times. so 2123 breaks only starts for all possible scenarios /price action in smaller tf. if breaks then for your 1.22 may to wait from below minimum from below 2057! take care
yakinaja.hajarblehh
  • #491,886
  • Sep 4, 2019 4:15am Sep 4, 2019 4:15am
you have to spell out how that helps Scots, their finance doesn't add up at all for independence
let me know what you mean on your deficit comment

Quoting tinnitus
{quote} LOL I think there is certainly a large deficit on show here. You'd do well to familiarise yourself with the fine work of Wynne Godley (sectoral balances).
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #491,887
  • Sep 4, 2019 4:16am Sep 4, 2019 4:16am
Cable for me is back to the bullish side. Economically it makes no sense for it to drop below 1.20 as traders will be harming themselves. Brexit is important but so is supply and demand.

I think eur/usd will also hit 1.20 by January as the ECB will need to implement changes and also the PMI was not so bad.
  • #491,888
  • Sep 4, 2019 4:18am Sep 4, 2019 4:18am
Yea you were wrong, typical typing on the subject
Quoting tinnitus
{quote} You are getting yourself in a wee flap thinking I was making a political point. I was merely explaining how the vote came about (again the establishment). I don't really care, I don't live in the UK anymore. I laugh from outside. I was saying that it isn't the beauty of democracy. A vote to trade GBPUSD or not? Do you thinks that is a good choice? No idea whether you'll be long or short, when you'll trade, where your SL/TP is, etc, etc. Oh it was "the biggest vote in history". Oh well, look there's my cot and I'll crawl back into it.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #491,889
  • Sep 4, 2019 4:19am Sep 4, 2019 4:19am
its difficult to change it
Quoting Bones
an election I think is bullish ,that's the only way now {quote} {image} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #491,890
  • Edited 4:32am Sep 4, 2019 4:21am | Edited 4:32am
Quoting Dingoman-two
{quote} Shorting at 1.21524, might be a bit early, but time will tell. EDIT 13 Pips
Shorting at 1.21633 might be a bit early, but time will tell.

Edit out 4.5 pips
  • #491,891
  • Sep 4, 2019 4:26am Sep 4, 2019 4:26am
Quoting Bones
its difficult to change it {quote} {image}
I have a bearish scenario that we will not go above 1.224x area and we should end this wave 4 and start heading down for new low. not sure how news will help this scenario
  • #491,892
  • Sep 4, 2019 4:28am Sep 4, 2019 4:28am
there going to take no-deal off the table today without an election

Quoting msniper
{quote} I have a bearish scenario that we will not go above 1.224x area and we should end this wave 4 and start heading down for new low. not sure how news will help this scenario
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #491,893
  • Sep 4, 2019 4:29am Sep 4, 2019 4:29am
Quoting Dingoman-two
{quote} Shorting at 1.21633 might be a bit early, but time will tell.
Its close to 2170 getting above 2170 again may lead to break if 200 sma on H4
ex nihilo
  • #491,894
  • Sep 4, 2019 4:36am Sep 4, 2019 4:36am
if it turns, 2173 is the spot
in wondering about yourself, you forgot what you came here to be part of
  • #491,895
  • Sep 4, 2019 4:37am Sep 4, 2019 4:37am
Quoting Bones
there going to take no-deal off the table today without an election {quote}
nope
no deal is the outcome no matter what.

deal with it.
in wondering about yourself, you forgot what you came here to be part of
  • #491,896
  • Sep 4, 2019 4:38am Sep 4, 2019 4:38am
today target is 1.2190
follow the flow of music $
  • #491,897
  • Sep 4, 2019 4:39am Sep 4, 2019 4:39am
I'm ok with it
Parliament are scared, they will order Boris to go beg
Quoting knkie
{quote} nope no deal is the outcome no matter what. deal with it.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #491,898
  • Sep 4, 2019 4:42am Sep 4, 2019 4:42am
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yes yes yes
  • #491,899
  • Sep 4, 2019 4:43am Sep 4, 2019 4:43am
my GBPJPY trade plan with TP/SL. Entries are SELL LMT. Good luck, traders!
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  • #491,900
  • Sep 4, 2019 4:44am Sep 4, 2019 4:44am
Quoting Bones
I'm ok with it Parliament are scared, they will order Boris to go beg {quote}
agreed
they are scared.
but Boris is applying an aggressive version of game theory.
Both Parliament & the EU will capitulate in the end.
in wondering about yourself, you forgot what you came here to be part of
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