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Cable Update (GBPUSD)

  • #494,221
  • Sep 23, 2019 7:53am Sep 23, 2019 7:53am
Quoting Han2019
{quote} Starting to think price might be moving up, but I will keep my shorts in place and close them if price starts to break higher.
too early. Not until GU prints below 2400. My projected low for this week is 2350.
  • #494,222
  • Sep 23, 2019 7:57am Sep 23, 2019 7:57am
Quoting Theoak
Long in at 1.2439
17 pip loss. Shorted now 1.2422 with expectations of quick fall
Don't trade what you think. Just what you see!!!
  • #494,223
  • Sep 23, 2019 7:57am Sep 23, 2019 7:57am
2400 fails we get 2340//2360 next.
  • #494,224
  • Sep 23, 2019 7:57am Sep 23, 2019 7:57am
sell at 1.24395 sl (-60) pips tp 1.2398
  • #494,225
  • Sep 23, 2019 8:05am Sep 23, 2019 8:05am
Let's see H1 PA near 2400. 50/50 chance - either we get a bounce or cracks further down below.
  • #494,226
  • Sep 23, 2019 8:08am Sep 23, 2019 8:08am
Quoting Han2019
{quote} Barnier is speaking, and he said the following, causing the spike down down from 1.244: 1) The current UK proposal is not acceptable. 2) He does not see a proposal that can fullfill all the objectives of a backstop. 3) There is currently no basis in a deal, but they will continue to talk with UK. Starting to think price might be moving up, but I will keep my shorts in place and close them if price starts to break higher.
i think there is brexit exaustion now.
I know i dont care anymore.
And I think any news any which way has been factored in the TA by now.

Henry VIII never would have let it come to this
in wondering about yourself, you forgot what you came here to be part of
  • #494,227
  • Sep 23, 2019 8:09am Sep 23, 2019 8:09am
Quoting asgcorp
{quote} too early. Not until GU prints below 2400. My projected low for this week is 2350.
Thanks, you might be right, price is starting to break lower, still holding onto my shorts, will see how the price reacts at 1.24 and then decide whether to close or let it run further
  • #494,228
  • Edited 8:24am Sep 23, 2019 8:12am | Edited 8:24am
Quoting asgcorp
{quote} Not going to be a decent buy at 2400. 2400 S will also likely fail into early Tuesday. Not going to chase this on buy side until LO Tuesday. Until then bears will maintain control.

I agree my friend trade carefully but the bulls
are still in there with a chance IMHO
  • #494,229
  • Sep 23, 2019 8:33am Sep 23, 2019 8:33am
daily s1 holds the price
Attached Image (click to enlarge)
Click to Enlarge Name: GJ m5.png Size: 59 KB
yes yes yes
  • #494,230
  • Sep 23, 2019 9:03am Sep 23, 2019 9:03am
Quoting Moty
daily s1 holds the price {image}
Get out before it's too late imo, don't lose all you've made in the past month from one trade
Do or do not, there is no try - Master Yoda
  • #494,231
  • Sep 23, 2019 9:12am Sep 23, 2019 9:12am
Quoting BenWarburton
{quote} Get out before it's too late imo, don't lose all you've made in the past month from one trade
might be a last support around 2391
if that fails it just sinks imo.

having said that, price has been fighting to stay above 2420-ish
im kind of impressed by its strength at the moment.


Looking at my personal strength meter, the Pound & Euro are the weakest out there today.
The Yen is strong.
The Dollar is in the middle today.
Attached Image
in wondering about yourself, you forgot what you came here to be part of
  • #494,232
  • Sep 23, 2019 9:38am Sep 23, 2019 9:38am
im just gonna sit back and wait for tommorow i cant see where the market is going i just lost my profit for today
  • #494,233
  • Sep 23, 2019 9:41am Sep 23, 2019 9:41am
Quoting pkkoben
im just gonna sit back and wait for tommorow i cant see where the market is going i just lost my profit for today
Honestly nothing is following any of my analysis today, been absolutely shocking so I'm taking it as a lesson to be patient and wait for things to go correctly. Plenty of chance to make money another day.
Do or do not, there is no try - Master Yoda
  • #494,234
  • Sep 23, 2019 10:04am Sep 23, 2019 10:04am
Quoting Moty
daily s1 holds the price {image}
Moty this doesnot look good.. looks like u in deep red.... use sl man.. btw 14th straight green trading day
Attached Image (click to enlarge)
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Extreme gut feeling trader
  • #494,235
  • Sep 23, 2019 10:19am Sep 23, 2019 10:19am
Quoting BenWarburton
{quote} Get out before it's too late imo, don't lose all you've made in the past month from one trade
i will survive
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU m5.png Size: 47 KB
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Click to Enlarge Name: GJ m5.png Size: 41 KB
yes yes yes
  • #494,236
  • Sep 23, 2019 10:25am Sep 23, 2019 10:25am
no wonder Cable is acting weird , the Brexit mess is raging stronger than ever

Juncker : last week said " Alternative Arrangements " could substitute the Backstop
--------- this week : A Hard Brexit would reimpose Customs and a hard border between the 2 Irelands

Labour : Labour MPs are fighting against their own leader and backing a new Brexit referendum

Barnier : no " Alternative Arrangements "

Johnson : looking to strike a UK - US deal but still does not know whether he ' ll be able to exit on Oct 31

Supreme Court : we still don 't know what the outcome will be
  • #494,237
  • Sep 23, 2019 10:26am Sep 23, 2019 10:26am
Quoting Moty
{quote} i will survive {image} {image} {image}
Keep the faith!
Do or do not, there is no try - Master Yoda
  • #494,238
  • Sep 23, 2019 10:29am Sep 23, 2019 10:29am
Quoting tinnitus
I'm long at 1.2426 target 1.25 SL 1.2390
Closed at 1.2440 as time is risk and all that, entropy rises.
Hypocrite lecteur, mon semblable, mon frere!
  • #494,239
  • Sep 23, 2019 10:33am Sep 23, 2019 10:33am
2360 on Tuesday.
  • #494,240
  • Sep 23, 2019 10:37am Sep 23, 2019 10:37am
just care bear as usdx set for tanking activities for next conformation break 98.06, top ranging gu still ok play
https://www.forexfactory.com/showthr...8#post12518928
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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