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Cable Update (GBPUSD)

  • #496,221
  • Oct 4, 2019 6:03pm Oct 4, 2019 6:03pm
Hi,
Any body trade eurgbp with opposite correlation gbpusd. I find this much easier to trade as they move in opposite directions. Yesterday eurgbp stops at the low and refuse to move up before the gbpusd made its high of the day. Today was less correlated due to payrolls but for me I can improve my timing with opposite correlation.
  • #496,222
  • Oct 4, 2019 6:12pm Oct 4, 2019 6:12pm
Looks bullish, targeting 2580 first.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 25 KB
Come with me if you want to live....
  • #496,223
  • Oct 5, 2019 2:42am Oct 5, 2019 2:42am
GBPUSD nice accumulation, bull run next 8-12 days, target for bulls is 2550-2600.
GBPUSD will print a double top near 2550-2600 and then expecting a corrective move.
Details see chart. Entry for bulls early next week. SL - recent swing low + some buffer.
Nice swing trade setup.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 110 KB
  • #496,224
  • Oct 5, 2019 3:18am Oct 5, 2019 3:18am
Fu***ck POWELL !!!Didn't moved shittt
  • #496,225
  • Oct 5, 2019 3:32am Oct 5, 2019 3:32am
Quoting RobyTurboSS
Fu***ck POWELL !!!Didn't moved shittt
was fairly obvious. Posted this before NY open.

NFP day used to be good. but that was more like 5 years ago.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 19 KB
  • #496,226
  • Oct 5, 2019 4:58am Oct 5, 2019 4:58am
Attached Image (click to enlarge)
Click to Enlarge Name: GU h1.png Size: 41 KB
Attached Image (click to enlarge)
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yes yes yes
  • #496,227
  • Edited 9:33am Oct 5, 2019 6:02am | Edited 9:33am
Posing bull in smaller tf but not in daily or weekly yet. Cover 50%over to top of the previous wick may decide, above 2357 /80 ok perhaps . No long yet in this pair, will till breaks down next. So same as before. so in old chart added .Take care
Eurgbp just breakout, correct little before bull set up continue for 0.8974 next target.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 34 KB
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #496,228
  • Oct 5, 2019 6:58am Oct 5, 2019 6:58am
Quoting asgcorp
GBPUSD nice accumulation, bull run next 8-12 days, target for bulls is 2550-2600. GBPUSD will print a double top near 2550-2600 and then expecting a corrective move. Details see chart. Entry for bulls early next week. SL - recent swing low + some buffer. Nice swing trade setup. {image}
1.2569 is my target for next week
  • #496,229
  • Oct 5, 2019 7:07am Oct 5, 2019 7:07am
Easy for drawing
Attached Image (click to enlarge)
Click to Enlarge Name: gu_H4.png Size: 63 KB
  • #496,230
  • Oct 5, 2019 7:49am Oct 5, 2019 7:49am
Quoting RobyTurboSS
Fu***ck POWELL !!!Didn't moved shittt
Roby brexit toing and froing put a damper on any serious GBP upside however you did call it well I thought...

Gold rose(as you said it would) of it's lows from 1495 to 1509 and settled @ 1504 for the close and GU climbed of its low of 2275 and hit a NY session high of 2340
Don't Leave Money on the Table
  • #496,231
  • Oct 5, 2019 8:08am Oct 5, 2019 8:08am
Quoting zoolc
{quote} 1.2569 is my target for next week
2500 by end of next week. 2550-2575 - the week after.
Large operators buying weekly ITM puts - price will go up.
10 bln USD @ 2500 and 15 bln USD @ 2550.
  • #496,232
  • Oct 5, 2019 9:14am Oct 5, 2019 9:14am
Quoting asgcorp
{quote} 2500 by end of next week. 2550-2575 - the week after. Large operators buying weekly ITM puts - price will go up. 10 bln USD @ 2500 and 15 bln USD @ 2550.
Not sure if it is a typo or if i am missing something, but if they are buying in the money put options, that means the option strike price is above the current price? So if they are being aggressive and spending money on ITM put options, wouldn't it mean they believe the price is going down, that's why they are willing to spend the extra on put options that are ITM, why would they want to purchase ITM put option if they think the price is going to up?
  • #496,233
  • Oct 5, 2019 9:47am Oct 5, 2019 9:47am
depends on the strategy they are using. I see almost equal sized bets on 2500 and 2550 next week and the week after.
So it could be a diagonal spread with put options.

See below, sample strategy with AAPL stock and the payout.

We don't know if it's outright buy/write or a part of 2-4 leg options strategy, we can only guess.
This data is only available for US stocks via advanced options scanners.
Attached Images
  • #496,234
  • Oct 5, 2019 10:17am Oct 5, 2019 10:17am
Quoting SCopier
Easy for drawing {image}
good but not easy to follow through in real time , specially playing both ways !carry on.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #496,235
  • Oct 5, 2019 10:23am Oct 5, 2019 10:23am
Quoting asgcorp
depends on the strategy they are using. I see almost equal sized bets on 2500 and 2550 next week and the week after. So it could be a diagonal spread with put options. See below, sample strategy with AAPL stock and the payout. We don't know if it's outright buy/write or a part of 2-4 leg options strategy, we can only guess. This data is only available for US stocks via advanced options scanners. {image} {image}
Thanks for the reply, don't really understand the logic behind such trade though, will be interested to see how those ITM put options affect the price next week!
  • #496,236
  • Edited 12:55pm Oct 5, 2019 10:44am | Edited 12:55pm
eurgbp count for correction up
https://www.forexfactory.com/news/95...0#post12542679

gj the same as others , correction limited to tank good next leg down including gu , will wait to take them in a basket . so wait all come in one line to shoot!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 37 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #496,237
  • Oct 5, 2019 1:32pm Oct 5, 2019 1:32pm
Quoting SCopier
Easy for drawing {image}
Like that
  • #496,238
  • Oct 5, 2019 2:24pm Oct 5, 2019 2:24pm
Quoting HaLBot
{quote} Roby brexit toing and froing put a damper on any serious GBP upside however you did call it well I thought... Gold rose(as you said it would) of it's lows from 1495 to 1509 and settled @ 1504 for the close and GU climbed of its low of 2275 and hit a NY session high of 2340
NASDAQ100, SP500,DOW Jones,RUSSEL 2000 all are going to drop on monday ( even if NASDAQ is on top of a channel ready to break the TL...WTI was in the same situation 2-3 weeks ago on a similar channel touched 3-4 times but dropped to test the last low ).I still expect GOLD to rise above 1520.Gold is still not sold..USDJPY,CADJPY will go up next week.Am shorting NASDAQ.
  • #496,239
  • Oct 5, 2019 2:34pm Oct 5, 2019 2:34pm
Its a bit messy whatever...
As long as it rejects that 2300-2270 area I think it goes up to reach 2669 at the minimum. If it drops below that area then comes up to reject from the bottom then I would look for a new sell off.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 133 KB
still doing ninja shit
  • #496,240
  • Oct 5, 2019 3:08pm Oct 5, 2019 3:08pm
Quoting RobyTurboSS
{quote} NASDAQ100, SP500,DOW Jones,RUSSEL 2000 all are going to drop on monday ( even if NASDAQ is on top of a channel ready to break the TL...WTI was in the same situation 2-3 weeks ago on a similar channel touched 3-4 times but dropped to test the last low ).I still expect GOLD to rise above 1520.Gold is still not sold..USDJPY,CADJPY will go up next week.Am shorting NASDAQ.
any recent gains in QQQ/SPY will be wiped out next week, as there won't be much progress done with US/China trade negotiations.
Overall, October is the worst month for the US stock market.
So yeah, shorting some time early next week makes good sense.
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