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Cable Update (GBPUSD)

  • #494,981
  • Sep 26, 2019 10:21am Sep 26, 2019 10:21am
tomorrow will be interesting day
  • #494,982
  • Sep 26, 2019 10:21am Sep 26, 2019 10:21am
Quoting Han2019
Looks to me the bulls are back in play, going to change shorts TP to 1.233
just a normal retrace. might hit 2380//2400. no big deal (yet).
  • #494,983
  • Sep 26, 2019 10:22am Sep 26, 2019 10:22am
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yes yes yes
  • #494,984
  • Sep 26, 2019 10:23am Sep 26, 2019 10:23am
Quoting Coreg2004
{quote} @knkie, why is 1.2343 level so important for you? what I am missing? {image}
yesterdays low is at 1.23448
I use M30 frame alot and if you look at that Low level on M30 you will see some pin bars just pinning below the level.
Thats around 1.2343

I call this a Hold Level because its holding price above the Low.
When it broke i took a short with tight SL.
Got stopped out +1 i think or there abouts.

you arent missing anything, its just my style on m30.
in wondering about yourself, you forgot what you came here to be part of
  • #494,985
  • Sep 26, 2019 10:26am Sep 26, 2019 10:26am
my take on GU H4. Bulls still in control on HTF until 2280, which is 50% of AB big move in September.
Right now likely next move is 2380//2400 - 2280.

Might be some chop chop before we get there.
Possible that we do range say 2320-2360 then pop 2380//2400, maybe Friday.
And then finally new dump 2380//2400 - 2280.
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  • #494,986
  • Sep 26, 2019 10:28am Sep 26, 2019 10:28am
bullshit chop chop is fine. It's part of this business, have to get used to it.
  • #494,987
  • Sep 26, 2019 10:29am Sep 26, 2019 10:29am
Quoting knkie
{quote} yesterdays low is at 1.23448 I use M30 frame alot and if you look at that Low level on M30 you will see some pin bars just pinning below the level. Thats around 1.2343 I call this a Hold Level because its holding price above the Low. When it broke i took a short with tight SL. Got stopped out +1 i think or there abouts. you arent missing anything, its just my style on m30.
Ok, I have YL at 1.2347...thanks
Always trade your own plan...I don't provide trading signals.
  • #494,988
  • Sep 26, 2019 10:33am Sep 26, 2019 10:33am
Quoting Coreg2004
{quote} Ok, I have YL at 1.2347...thanks
ah well i did not realise that and that is significant !
thanx Coreq....
in wondering about yourself, you forgot what you came here to be part of
  • #494,989
  • Sep 26, 2019 10:38am Sep 26, 2019 10:38am
Could correct reasoning for delay but target lower maybe next week
its better for bulls weekly has a not so strong close
Monthly likely upper wick

Quoting Bones
the weekly is called doji cross {quote} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #494,990
  • Sep 26, 2019 10:44am Sep 26, 2019 10:44am
Quoting knkie
{quote} ah well i did not realise that and that is significant ! thanx Coreq....
not at all, I just like to know what I am missing...
Always trade your own plan...I don't provide trading signals.
  • #494,991
  • Sep 26, 2019 10:46am Sep 26, 2019 10:46am
as is- I read two signals that fit the outlook

Quoting Bones
consolidating week ,but I'm working on the assumption monthly will have an upper wick at close {quote} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #494,992
  • Sep 26, 2019 10:53am Sep 26, 2019 10:53am
continuation pattern or fail outright
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #494,993
  • Sep 26, 2019 11:07am Sep 26, 2019 11:07am
thinking to work with this suport resistan, look to the left in the chart strategy... those to lines, support 1.23, you can expect 60 pips bounce, strong level( know your ratios, one of the trader rules from the book) done you got other line, 1.23449, level olso strong, from levels you can expect 20pips bounce, to one or other side, so better dont wait for confirmation and sell high of that range, if you expect bounce, and look for the weakness in candles, suport was broken this big candle, some peeople decided to sell, just is easyer without confimation, less risk, of course need expiernce,read price action, but like with that pound bear setup from last week, was technical breakout, price quickly comeback,some here, just need to know where to look and what to see. i think it should work when its fresh, first wawes..
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  • #494,994
  • Sep 26, 2019 11:08am Sep 26, 2019 11:08am
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  • #494,995
  • Sep 26, 2019 11:10am Sep 26, 2019 11:10am
Hunting this setup on M30 right now. BUY close to 2290 target is 2380//2390.
Might fail, requires confirmation and recommend using a tight SL (15-20 max).
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  • #494,996
  • Sep 26, 2019 11:22am Sep 26, 2019 11:22am
Quoting Bones
continuation pattern or fail outright {image}
Bones, do you use time analysis in your trading?...daily chart 13 days up, 4 down so far...4H chart sideways to down until tomorrow at 9 p.m. NY time, minimum...it doesn't affect my day trading bc it's a different animal.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #494,997
  • Sep 26, 2019 11:30am Sep 26, 2019 11:30am
ok here's my take on H4 GU with entries for bulls/bears. Let's see what happens.
Also let's see some analysis from Business Owners, Instagram Bimbos and PHD in Engineering.
See if they can beat this.
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  • #494,998
  • Sep 26, 2019 11:51am Sep 26, 2019 11:51am
may be better to buy usd cad..
  • #494,999
  • Sep 26, 2019 11:53am Sep 26, 2019 11:53am
I do read lots of time frames, but nothing regimental, yea side today maybe a fake d1,
I would judge the look, go on the assumption it will fail regardless...
it's below the last week low right now and major pivot

Quoting Coreg2004
{quote} Bones, do you use time analysis in your trading?...daily chart 13 days up, 4 down so far...4H chart sideways to down until tomorrow at 9 p.m. NY time, minimum...it doesn't affect my day trading bc it's a different animal. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #495,000
  • Sep 26, 2019 12:04pm Sep 26, 2019 12:04pm
Looks like a good resistance around 1.2370 levels
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