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Cable Update (GBPUSD)

  • #494,241
  • Sep 23, 2019 8:47am Sep 23, 2019 8:47am
Quoting asgcorp
2360 on Tuesday.

Will you be bearish if/when that happens? I see 2290 (ish) being attacked if if breaks 2390.
Hypocrite lecteur, mon semblable, mon frere!
  • #494,242
  • Sep 23, 2019 8:50am Sep 23, 2019 8:50am
guys, do you really need to trade this mess? wait for dust to settle
  • #494,243
  • Sep 23, 2019 8:52am Sep 23, 2019 8:52am
Quoting tinnitus
{quote} Will you be bearish if/when that happens? I see 2290 (ish) being attacked if if breaks 2390.
no. My forecast for this week is 2350-2550.
  • #494,244
  • Sep 23, 2019 8:53am Sep 23, 2019 8:53am
Quoting tinnitus
{quote} Will you be bearish if/when that happens? I see 2290 (ish) being attacked if if breaks 2390.
not going to happen (2290). GU still in bull mode on HTF. Just doing some backtests now.
  • #494,245
  • Sep 23, 2019 8:59am Sep 23, 2019 8:59am
Quoting goldencalf
guys, do you really need to trade this mess? wait for dust to settle
this is the type of market where you can train yourself.
now is a great time to test your strategies.

plus this type of market is fun i think.

SELL pending @ 2417
for about 30 pips
in wondering about yourself, you forgot what you came here to be part of
  • #494,246
  • Sep 23, 2019 9:02am Sep 23, 2019 9:02am
normal market conditions for Monday, Monday is one of the slowest movers most of the time.
  • #494,247
  • Sep 23, 2019 9:06am Sep 23, 2019 9:06am
Quoting knkie
{quote} this is the type of market where you can train yourself. now is a great time to test your strategies. plus this type of market is fun i think. SELL pending @ 2417 for about 30 pips
yes, on demo you can train, but with real money, maybe its not mine market now, i dont want to try catch a falling knife, will wait for better opportunity, also, price is between zones, i trade support resistant mainly, so cant see a trade
  • #494,248
  • Sep 23, 2019 9:08am Sep 23, 2019 9:08am
maybe to buy 1.24, slowly approaching
  • #494,249
  • Sep 23, 2019 9:09am Sep 23, 2019 9:09am
Quoting knkie
{quote} this is the type of market where you can train yourself. now is a great time to test your strategies. plus this type of market is fun i think. SELL pending @ 2417 for about 30 pips
Fun until you ruin your bank account
Do or do not, there is no try - Master Yoda
  • #494,250
  • Sep 23, 2019 9:13am Sep 23, 2019 9:13am
Excellent place to cover any longs in case your still holding

Cheers~
  • #494,251
  • Sep 23, 2019 9:15am Sep 23, 2019 9:15am
Quoting goldencalf
guys, do you really need to trade this mess? wait for dust to settle
yeah , better wait for few day to decide for better pa
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #494,252
  • Sep 23, 2019 9:28am Sep 23, 2019 9:28am
Quoting BenWarburton
{quote} Fun until you ruin your bank account
that too is in your own hands.
Money management, Risk Management, Stop Management.

you can see many examples on this site of what happens when traders dont adhere to these rules.
in wondering about yourself, you forgot what you came here to be part of
  • #494,253
  • Edited 9:55am Sep 23, 2019 9:36am | Edited 9:55am
2nd LH on M5
if its gonna go south its gonna happen now.

edit: vigilance...yen is gaining on the pound now. GBP might gain against the $$
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 9 KB
in wondering about yourself, you forgot what you came here to be part of
  • #494,254
  • Sep 23, 2019 10:51am Sep 23, 2019 10:51am
Quoting tinnitus
{quote} Will you be bearish if/when that happens? I see 2290 (ish) being attacked if if breaks 2390.
actually, the proper answer is that it depends. H4 heavy price/RSI11 div, so this could spell more short-term trouble for GU bulls.

On the S/R, I'm fairly confident that 2340//2360 will provide a decent bounce (80-100 points).
I don't see 2400 as a valid S/R level for GU this week.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 32 KB
  • #494,255
  • Sep 23, 2019 11:05am Sep 23, 2019 11:05am
Quoting knkie
2nd LH on M5 if its gonna go south its gonna happen now. edit: vigilance...yen is gaining on the pound now. GBP might gain against the $$ {image}
predicting south on m5 well good luck
yen is gaining on the pound because it is gaining against usd ..
gbpjpy is equal to gbpusd usdjpy..
sometimes info on this thread make be annoyed...
sell strength in falling markets, and buy weakness in rising markets.
  • #494,256
  • Sep 23, 2019 11:31am Sep 23, 2019 11:31am
Quoting Moty
{quote} i will survive {image} {image} {image}
I believe this is going up.. I am not trading cable right now as it gets too volatile, my MM doesn't liberally allow unless there is a great opportunity.

Disciplined MM is the key.
Meditate -> Workout -> Good Food = Good Life!
  • #494,257
  • Sep 23, 2019 11:46am Sep 23, 2019 11:46am
my chart gbpusd
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily a.png Size: 47 KB
sell strength in falling markets, and buy weakness in rising markets.
  • #494,258
  • Sep 23, 2019 11:50am Sep 23, 2019 11:50am
Quoting Moty
{image}{image}{image}
Hey, may I ask what kind of averages/indicators these are?

Thank you!
  • #494,259
  • Sep 23, 2019 11:58am Sep 23, 2019 11:58am
GBP: Thomas Cook Collapse Adds To GBP Woes; Low Expectations For A Brexit Breakthrough In NY - MUFG

MUFG Research discusses GBP outlook in light of the collapse of Thomas Cook and the latest Brexit developments.

"How the UK government deals with the repatriation of 150,000 UK citizens on Thomas Cook vacations following the collapse of the travel company will add to what could prove a challenging week for PM Johnson. The government has promised to return all citizens and pay for accommodation through to their scheduled departures but the government is being criticised for not providing a GBP 200mn bailout," MUFG notes.

"PM Johnson is now heading to New York for the United Nations General Assembly in the hope of making some progress in Brexit negotiations. We are sceptical of much in the way of progress being made and on top of that there is also the risk of PM Johnson having to cut his trip short to return to London if the Supreme Court decision goes against the government and PM Johnson is deemed to have misled the Queen over proroguing parliament.
Expectations of a breakthrough in New York are low however, and hence we wouldn’t expect any notable GBP selling on a failure to even make progress. Leveraged short GBP positions are already somewhat elevated," MUFG adds.
  • #494,260
  • Edited 1:21pm Sep 23, 2019 12:07pm | Edited 1:21pm
Attached Image (click to enlarge)
Click to Enlarge Name: GU m5.png Size: 45 KB
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU h1.png Size: 34 KB
Click to Enlarge Name: GJ m5.png Size: 40 KB
yes yes yes
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