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Cable Update (GBPUSD)

  • #493,801
  • Sep 19, 2019 12:26pm Sep 19, 2019 12:26pm
Quoting Wavegarrick
{quote} 532 pips and running on 2 trades. The big Boys are at play here. Trade safe Guys, Cheers. {image}
I am out
Has it topped out yet??????
I am looking for the start of a retrace.
  • #493,802
  • Sep 19, 2019 12:26pm Sep 19, 2019 12:26pm
Quoting Moty
THE SPIKE WAS HERE {image}{image}{image} NOW SHORT{image}
get the pay check dude lol thank for your insight though i catch the 61 fib cox u hehe
  • #493,803
  • Sep 19, 2019 12:30pm Sep 19, 2019 12:30pm
Zooming out on the daily time frame, short term target my yearly med sup 1 at 1.26083.

Trade safe
Cheers.
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Trade to trade another day
  • #493,804
  • Sep 19, 2019 12:32pm Sep 19, 2019 12:32pm
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yes yes yes
  • #493,805
  • Sep 19, 2019 12:32pm Sep 19, 2019 12:32pm
target for bulls is 2620. Can't believe that no one actually posted this in the thread.
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  • #493,806
  • Sep 19, 2019 12:37pm Sep 19, 2019 12:37pm
Quoting GPetroff
Only news that we had in the past 30 mins, was Juncker's announcement that there "may" be a deal till 31st, sounds like adding more speculations.
I think the market was reacting to the fact that EU is changing from their previous stance of "withdrawal agreement will not be re-opened" to "backstop can be removed as long as all boarder control issues can be resolve". Whether UK really has all the solution to NI boarder and whether backstop alone is enough to get the agreement through UK parliament is questionable though, so it currently still feels like a bull trap to me, but will keep adjusting the view as more information becomes available next week.
  • #493,807
  • Sep 19, 2019 12:44pm Sep 19, 2019 12:44pm
Quoting asgcorp
target for bulls is 2620. Can't believe that no one actually posted this in the thread. {image}
ok target 2600/02 2620 & tanking level also after 2557 and main target as test 2700 but may get a hiccough at 2600!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #493,808
  • Sep 19, 2019 12:44pm Sep 19, 2019 12:44pm
big jump in GBPUSD implied vola next few months
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  • #493,809
  • Sep 19, 2019 12:46pm Sep 19, 2019 12:46pm
Quoting Han2019
{quote} I think the market was reacting to the fact that EU is changing from their previous stance of "withdrawal agreement will not be re-opened" to "backstop can be removed as long as all boarder control issues can be resolve". Whether UK really has all the solution to NI boarder and whether backstop alone is enough to get the agreement through UK parliament is questionable though, so it currently still feels like a bull trap to me, but will keep adjusting the view as more information becomes available next week.
Why, why are we looking at news that is so insignificant?. It just comes to show that fundamental traders will always find a reason for trade direction. It comes down to cycles my friend and I don't think a bull trap. The market will do what it always has done and follow cycles. What goes up must come down and what goes down must go up. It is just a matter of timing.

Cheers.
Trade to trade another day
  • #493,810
  • Sep 19, 2019 12:47pm Sep 19, 2019 12:47pm
Quoting fontu
{quote} ok target 2600/02 2620 & tanking level also after 2557 and main target as test 2700 but may get a hiccough at 2600! {image}
my point is that 200+ watching thread and no one can post a clean chart with targets.
  • #493,811
  • Sep 19, 2019 12:50pm Sep 19, 2019 12:50pm
GJ H1
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yes yes yes
  • #493,812
  • Sep 19, 2019 12:52pm Sep 19, 2019 12:52pm
Quoting asgcorp
{quote} my point is that 200+ watching thread and no one can post a clean chart with targets.
I believe 1.2561 is a place of reversal..
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  • #493,813
  • Sep 19, 2019 12:57pm Sep 19, 2019 12:57pm
Quoting kk300
{quote} I believe 1.2561 is a place of reversal.. {image}

"Could you please tell us why you think that"
  • #493,814
  • Sep 19, 2019 12:57pm Sep 19, 2019 12:57pm
Closed all.

have a good weekend
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you can't stop the waves, but you can learn to surf
  • #493,815
  • Sep 19, 2019 12:58pm Sep 19, 2019 12:58pm
Quoting asgcorp
target for bulls is 2620. Can't believe that no one actually posted this in the thread. {image}
asgcorp, 29 hours ago... https://www.forexfactory.com/attachm...5&d=1568810075 not to brag just to straight the record.
Always trade your own plan...I don't provide trading signals.
  • #493,816
  • Sep 19, 2019 1:02pm Sep 19, 2019 1:02pm
Quoting Dingoman-two
{quote} "Could you please tell us why you think that"
18th july high of 2557.. plus the fibs extension. Pull back expected.. Lets see..
  • #493,817
  • Sep 19, 2019 1:06pm Sep 19, 2019 1:06pm
Quoting kk300
{quote} 18th july high of 2557.. plus the fibs extension. Pull back expected.. Lets see..

" Sweet I am a fib player myself "

And here it comes
  • #493,818
  • Sep 19, 2019 1:08pm Sep 19, 2019 1:08pm
Let's see this H1 close then.
  • #493,819
  • Sep 19, 2019 1:11pm Sep 19, 2019 1:11pm
Quoting Wavegarrick
{quote} Why, why are we looking at news that is so insignificant?. It just comes to show that fundamental traders will always find a reason for trade direction. It comes down to cycles my friend and I don't think a bull trap. The market will do what it always has done and follow cycles. What goes up must come down and what goes down must go up. It is just a matter of timing. Cheers.
While I agree with you that most news are insignificant, but I do think news such as FOMC, high impact Brexit news are relevant and are market movers in GU, if market moves as soon as these news comes out, then it is significant in my book and worth to understand it.

I am not pure fundamental or pure technical, my believe is that they work better together, but there are many ways to skin the cat. I am definitely not as experience as you guys that are making a few hundred percentage returns, so I am here to learn what I can and find the pieces that fits my puzzle and also share my views.

Timing is an art in itself, I assume you incorporate it with something like Elliott Waves to time the market? I find it difficult to know when the waves are interpreted correctly of if it is just make believe, so if you have some good resources to recommend, it will be highly appreciated.
  • #493,820
  • Sep 19, 2019 1:11pm Sep 19, 2019 1:11pm
the drop is coming ?!?!
i taking it day by day
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yes yes yes
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