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Cable Update (GBPUSD)

  • #494,741
  • Sep 25, 2019 11:15am Sep 25, 2019 11:15am
brought at 1.236, aiming for 1.238+, will see what happens
  • #494,742
  • Edited 11:35am Sep 25, 2019 11:20am | Edited 11:35am
Quoting Moty
{image}{image} {image}
Moty, do you still play H&S pattern?... Just be aware of it if you don't.

Edit: Sorry, should be 1H chart, my bad.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU09.25.1H.b.1.png Size: 98 KB
Click to Enlarge Name: VeryShortThermWaveScheme5_15minto1H.b.png Size: 332 KB
Always trade your own plan...I don't provide trading signals.
  • #494,743
  • Sep 25, 2019 11:27am Sep 25, 2019 11:27am
Quoting Coreg2004
{quote} Moty, do you still play H&S pattern?... Just be aware of it if you don't. {image} {image}
Might be a silly question, but how would it look if the next wave connecting to the end of C wave is downward? Do you just start the counting the first upward retracement post the C wave as wave "2"?
  • #494,744
  • Sep 25, 2019 11:31am Sep 25, 2019 11:31am
seems like bulls have a new moto today: "get broke or die buying".
  • #494,745
  • Edited 11:44am Sep 25, 2019 11:32am | Edited 11:44am
Quoting Coreg2004
{quote} Moty, do you still play H&S pattern?... Just be aware of it if you don't. {image} {image}
the pull back is coming
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU h1.png Size: 38 KB
Click to Enlarge Name: GU 5m.png Size: 43 KB
yes yes yes
  • #494,746
  • Sep 25, 2019 11:35am Sep 25, 2019 11:35am
Quoting Moty
{quote} the pull backis coming {image}
no.
  • #494,747
  • Sep 25, 2019 11:35am Sep 25, 2019 11:35am
Quoting Moty
{quote} the pull backis coming {image}
look at DXY and EURUSD. what do you see?
  • #494,748
  • Sep 25, 2019 11:37am Sep 25, 2019 11:37am
Quoting martinez1
After expecting and trying bear market since yesterday and lost some money due to trying to be right( stupid mindset) i finally hit it today, made 1758 pips from two trades 879 each and have finally called it a day and a month. No more trades till next month. Made 50% this month mentally but 48.5% on account. Have only traded in total of 10 days this month. More pips to everyone {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 25 Sep 2019 5.30 PM.png Size: 128 KB
here are the heavy movers today
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #494,749
  • Sep 25, 2019 11:38am Sep 25, 2019 11:38am
Quoting martinez1
{quote} {image} here are the heavy movers today
unbelievable. I thought BTC and XRP was the future of global finance? wow.
  • #494,750
  • Sep 25, 2019 11:38am Sep 25, 2019 11:38am
Quoting OnlineAddict
{quote} And we are 100 pips lower...I expect this to continue into next week, at least the beginning of it. GU down and EG up. Spikes above 2500 on GU are still a good short, targets 2350 and 2205.
First target reached. EG up, too. So far so good.
Everyone can see the chart, but only a few can actually read it.
  • #494,751
  • Sep 25, 2019 11:45am Sep 25, 2019 11:45am
Quoting asgcorp
{quote} unbelievable. I thought BTC and XRP was the future of global finance? wow.
Hahahahhahahaha, till then but for now Us dollar is King
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #494,752
  • Sep 25, 2019 11:48am Sep 25, 2019 11:48am
Quoting asgcorp
{quote} look at DXY and EURUSD. what do you see?
dx at ressistence
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dx.png Size: 17 KB
Click to Enlarge Name: GU D1.png Size: 27 KB
yes yes yes
  • #494,753
  • Sep 25, 2019 11:50am Sep 25, 2019 11:50am
usdx approaching resistance while eurusd to wards reaction low 1.0925 to see reaction next , likely eu bounce 1.0976. gu play as per// 2340/27 .take care
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #494,754
  • Sep 25, 2019 11:56am Sep 25, 2019 11:56am
I see DXY H4 actually not at resistance but as a break out and RES turn SUPP now.
SO imo, the resistance was broken and DXY is in BULL mode.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 18 KB
  • #494,755
  • Sep 25, 2019 11:58am Sep 25, 2019 11:58am
GU 2350 fails and it's lights out. Bulls walking on thin ice now.
  • #494,756
  • Sep 25, 2019 12:03pm Sep 25, 2019 12:03pm
Quoting asgcorp
GU 2350 fails and it's lights out. Bulls walking on thin ice now.
Triple bottom
The support that has become from resistance is actually 1.23529

update : breakup
Attached Image (click to enlarge)
Click to Enlarge Name: GU 5m.png Size: 43 KB
yes yes yes
  • #494,757
  • Edited 12:25pm Sep 25, 2019 12:09pm | Edited 12:25pm
Something to look at for Euro Pound traders. Little indications that the Euro is gaining strength on the Pound.

Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_263.png Size: 81 KB
Trade to trade another day
  • #494,758
  • Sep 25, 2019 12:11pm Sep 25, 2019 12:11pm
Quoting asgcorp
I see DXY H4 actually not at resistance but as a break out and RES turn SUPP now. SO imo, the resistance was broken and DXY is in BULL mode. {image}
add another line to DXY H4.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 32 KB
  • #494,759
  • Sep 25, 2019 12:16pm Sep 25, 2019 12:16pm
No wonder it's so quite in here today.
Attached Image
  • #494,760
  • Edited 12:39pm Sep 25, 2019 12:18pm | Edited 12:39pm
Quoting Han2019
{quote} Might be a silly question, but how would it look if the next wave connecting to the end of C wave is downward? Do you just start the counting the first upward retracement post the C wave as wave "2"?
Han2019, If you are a bull for GU you expect corrective W_c to stop above or at the beginning of the move (Sep.03) and then the end of W_c would become your W:2. At this point, you would choose to trade GU to the upside for 1-2-3-4-5 pattern mining 3 waves up (impulse) and 2 waves down (corrective) and this pattern would be 3-3-5 of a larger degree. I hope I understood you and the answer is meaningful.

Of course, the small abc pattern can become 1-2-3-4-5 and you would expect the low (Sep.03) to be taken out.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3waves.PNG Size: 38 KB
Click to Enlarge Name: 5waves.PNG Size: 24 KB
Always trade your own plan...I don't provide trading signals.
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