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Cable Update (GBPUSD)

  • #495,961
  • Oct 3, 2019 11:38am Oct 3, 2019 11:38am
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yes yes yes
  • #495,962
  • Oct 3, 2019 11:50am Oct 3, 2019 11:50am
Quoting Neil0163
{quote} This is also what I was saying before if it breaks higher a retest of the highs will be the double top on the daily
So it did retest neck line...i envoy your skills..
sell strength in falling markets, and buy weakness in rising markets.
  • #495,963
  • Oct 3, 2019 11:55am Oct 3, 2019 11:55am
Quoting htcone
{quote} So it did retest neck line...i envoy your skills..
Cheers buddy
Just have to see what happens next now, either consolidate around here and spike up during NFP to then slam down or up to the highs on the daily timeframe with a double top ( if it does this and goes higher to make the double top I'll wait for the spike to the highs to trigger breakout buyers in this "bullish uptrend" ) then take the sell shod.price action agree
  • #495,964
  • Oct 3, 2019 11:56am Oct 3, 2019 11:56am
Quoting Han2019
{quote} Might be a silly question, but with the recent ADP result and poor ISM data, compound it with GBP strength today despite all the warnings from EU regarding the gaps in the proposal, it feels like the bull run just got restarted, are you predicting that this up move is a bull trap??
Absolutely .... GBPUSD went up mostly fuelled by the GBPCAD rally where most of the xxxCAD pairs went heavy up check GC,NC,AC,UC against the strong drop on CADJPY but...this situation ended and the reversal of GBPUSD is just around the corner... a last spike to be shorted.Right now i exited my GBPUSD long ,i was riding it from 1.22250 to 1.24000 , because i'm focusing to go long on NASDAQ100 on the drop which will come on Asian today + London , looking to be long just close to the today low. Consider also that my view is extremely short term,am only trading the short term momentum opportunities and never focus on long term trends.
  • #495,965
  • Oct 3, 2019 11:58am Oct 3, 2019 11:58am
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  • #495,966
  • Oct 3, 2019 12:05pm Oct 3, 2019 12:05pm
Quoting RobyTurboSS
{quote} Absolutely .... GBPUSD went up mostly fuelled by the GBPCAD rally where most of the xxxCAD pairs went heavy up check GC,NC,AC,UC against the strong drop on CADJPY but...this situation ended and the reversal of GBPUSD is just around the corner... a last spike to be shorted.Right now i exited my GBPUSD long ,i was riding it from 1.22250 to 1.24000 , because i'm focusing to go long on NASDAQ100 on the drop which will come on Asian today + London , looking to be long just close to the today low.
GBPUSD infact all xxx/USD/xxx pairs are mother pairs . Price in cross pairs move up or down as how the mother pair behave and not the other way round...
gbpcad went up more because, gbp get stronger against usd and cad went weaker against usd... so double turbo for gbpcad
most of the cad pair went up because usdcad jump from 1.3214 to 13348 while all other major also get strength against usd...so crosses get double push up...
sell strength in falling markets, and buy weakness in rising markets.
  • #495,967
  • Oct 3, 2019 12:14pm Oct 3, 2019 12:14pm
Quoting htcone
{quote} GBPUSD infact all xxx/USD/xxx pairs are mother pairs . Price in cross pairs move up or down as how the mother pair behave and not the other way round... gbpcad went up more because, gbp get stronger against usd and cad went weaker against usd... so double turbo for gbpcad most of the cad pair went up because usdcad jump from 1.3214 to 13348 while all other major also get strength against usd...so crosses get double push up...
There is a huge interconnection (even for short period of time) ,i am trading 48 instruments simultaneously and is easy to see what is going on and how the big picture looks like. It's also easy to find imbalance in markets and to take real momentum opportunities which is not possible focusing on a single instrument all day long.
  • #495,968
  • Oct 3, 2019 12:26pm Oct 3, 2019 12:26pm
Quoting RobyTurboSS
{quote} There is a huge interconnection (even for short period of time) ,i am trading 48 instruments simultaneously and is easy to see what is going on and how the big picture looks like. It's also easy to find imbalance in markets and to take real momentum opportunities which is not possible focusing on a single instrument all day long.
There is perfect interconnection not huge or less...gbpcad equal to gbpusd and usdcad...
you can predict the imbalance through the cross pairs they give you an opportunity to see how mother pair can behave
i give you example today...chfjpy have extended move lower in two days...from 109 to 106.85 , i waited for 106.85 because it was weekly support, and price had already gone well below the adr and obviously mean reversal also kicks in.. so i went on to buy usdjpy 10650 and sell usdchf...10012 both gives me nice pips...
sell strength in falling markets, and buy weakness in rising markets.
  • #495,969
  • Oct 3, 2019 12:27pm Oct 3, 2019 12:27pm
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  • #495,970
  • Oct 3, 2019 12:29pm Oct 3, 2019 12:29pm
Quoting RobyTurboSS
{quote} There is a huge interconnection (even for short period of time) ,i am trading 48 instruments simultaneously and is easy to see what is going on and how the big picture looks like. It's also easy to find imbalance in markets and to take real momentum opportunities which is not possible focusing on a single instrument all day long.
Wow, it takes me quite a bit of time to keep up with the news, looking at the GU chart to try come up with a narrative, I can only imagine how quick you must be to keep track on 48 instruments... I believe there are opportunities in GU almost everyday due to its volatility, so I am just focusing on learning this pair for now, my thinking is that if I can understand 1 pair, I can probably replicate the method on other pairs too.
  • #495,971
  • Oct 3, 2019 12:35pm Oct 3, 2019 12:35pm
Quoting elbert3
{image}
Hey man, you mind sharing the link to where you see this article? Have only seen Varadkar saying that he has issues with the proposal, and the other EU officials seems to be singing similar tune, saying the proposal is not acceptable as it is but let's discuss and move forward together, have not seen an outright rejection so far since they are all wary of being blamed for a no deal.
  • #495,972
  • Oct 3, 2019 12:41pm Oct 3, 2019 12:41pm
Quoting Han2019
{quote} Hey man, you mind sharing the link to where you see this article? Have only seen Varadkar saying that he has issues with the proposal, and the other EU officials seems to be singing similar tune, saying the proposal is not acceptable as it is but let's discuss and move forward together, have not seen an outright rejection so far since they are all wary of being blamed for a no deal.
https://www.mirror.co.uk/news/politi...rexit-20396337

use google search
  • #495,973
  • Oct 3, 2019 12:51pm Oct 3, 2019 12:51pm
Quoting elbert3
{image}
support that has become resistance and channel l ceiling is what pushed the price down
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yes yes yes
  • #495,974
  • Oct 3, 2019 12:55pm Oct 3, 2019 12:55pm
Bingo as above post can it breakdown to 2340
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  • #495,975
  • Oct 3, 2019 12:56pm Oct 3, 2019 12:56pm
Quoting Moty
{quote} support that has become resistance and channel l ceiling is what pushed the price down {image} {image}
  • #495,976
  • Oct 3, 2019 12:57pm Oct 3, 2019 12:57pm
Quoting Han2019
{quote} Hey man, you mind sharing the link to where you see this article? Have only seen Varadkar saying that he has issues with the proposal, and the other EU officials seems to be singing similar tune, saying the proposal is not acceptable as it is but let's discuss and move forward together, have not seen an outright rejection so far since they are all wary of being blamed for a no deal.
Hi sorry can’t link it in but it’s online at the times newspaper. Hope that helps . Regards E
  • #495,977
  • Oct 3, 2019 1:02pm Oct 3, 2019 1:02pm
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pp on keep it in my bank and not theirs .. dinner time so timing was just about perfect
  • #495,978
  • Oct 3, 2019 1:19pm Oct 3, 2019 1:19pm
Quoting elbert3
{quote} Hi Dr did you play this breakout .
Hi dear how are you doinn!! i been traveling and trading and sold this Bit.. at 2332 and loss was about 200$ now remaining loss is about 30$.
British Parliament HOC full of CLOWNS and JOKERS, since Brexit Vote they didn't reach an agreement , how could this New Joker BJ could sign an agreement with EU on or before 31 October??? Parliament would beg some extension??? and then!!!
  • #495,979
  • Edited 1:41pm Oct 3, 2019 1:20pm | Edited 1:41pm
Though it may bounce towards top from channel bottom as last leg channel but waiting for break and hold 2357 as confirmation for 2323 limit. Though limit next 2323 but heartline for bull goes 2338!!
If then eu also likely break limit 1.09730. what gain may all lost of the spike!! Possible! Take care
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #495,980
  • Edited 2:10pm Oct 3, 2019 1:21pm | Edited 2:10pm
Quoting Han2019
{quote} Wow, it takes me quite a bit of time to keep up with the news, looking at the GU chart to try come up with a narrative, I can only imagine how quick you must be to keep track on 48 instruments... I believe there are opportunities in GU almost everyday due to its volatility, so I am just focusing on learning this pair for now, my thinking is that if I can understand 1 pair, I can probably replicate the method on other pairs too.
It's not hard at all.The hard work was to program a software to do all the dirty job.We are in 2019 and we have technology advantage.
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