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Cable Update (GBPUSD)

  • #501,281
  • Oct 28, 2019 2:00am Oct 28, 2019 2:00am
Quoting Efelexy
GBPUSD Forecast (Efelexy FX). Like the euro, the GBPUSD consolidated last week after an incredibly aggressive 800 pip rally. However, the pair is still holding above 1.2770 support on a daily closing basis. I have to respect the potential for a move higher as long as 1.2770 is intact. A daily close below 1.2770 would expose the next key support at 1.2570. Alternatively, a push higher this week would likely encounter sellers near last week’s high of 1.2990.
This is the extract from the video of Justin Bennet...trying to be so called expert wana be on the back of someone else work and analysis...
sell strength in falling markets, and buy weakness in rising markets.
  • #501,282
  • Oct 28, 2019 2:04am Oct 28, 2019 2:04am
Quoting CannonScout
{quote} Link to source? Or where the data is released?
top 5% forex factory trader badge
sell strength in falling markets, and buy weakness in rising markets.
  • #501,283
  • Oct 28, 2019 2:27am Oct 28, 2019 2:27am
TESTING THE WATER
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  • #501,284
  • Oct 28, 2019 2:27am Oct 28, 2019 2:27am
1.2800-1.2816 zone shows few times bounce and with H1 200Ema makes support London mood can’t break it down I think
I am in buy side with SL around 1.2795
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  • #501,285
  • Oct 28, 2019 2:32am Oct 28, 2019 2:32am
hypothesis1
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At its best, change itself becomes a lifestyle.
  • #501,286
  • Oct 28, 2019 2:42am Oct 28, 2019 2:42am
no news flow and we are stuck in a 40 point range. If there was no news flow in GU it would trade just like EU - 25-40 points ADR.
  • #501,287
  • Oct 28, 2019 2:45am Oct 28, 2019 2:45am
should get some action this week though. a bunch of red items on the way.
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  • #501,288
  • Oct 28, 2019 2:53am Oct 28, 2019 2:53am

  1. Flat, after closing off 0.15% on Friday, no decisive weekend news
  2. EU hopes to pass Brexit delay to Jan. 31 - earlier possible
  3. UK gov't steps up pressure on parliament over election vote
  4. Conservatives strong favourites going into upcoming election
  5. Bounce stalled at 1.3000, consolidation since leaves a neutral setup
  6. Key levels are 1.3010 October high and 1.2700, 38.2% of the October bounce
  7. Friday's 1.2805/1.2863 range is initial support/resistance

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  • #501,289
  • Oct 28, 2019 2:55am Oct 28, 2019 2:55am
Ok i give up.
Price can't make new low , it's seem that it want to go up
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yes yes yes
  • #501,290
  • Oct 28, 2019 3:05am Oct 28, 2019 3:05am
Nice short on 2850.... Anyone follow me??? My target is 2800.... My sl 2885....
  • #501,291
  • Oct 28, 2019 3:10am Oct 28, 2019 3:10am
Quoting Moty
Ok i give up. Price can't make new low , it's seem that it want to go up {image}
Wow , talking about the right move in the right time.
Gain 55 $on the actual move and rescue 39 $ on the short closed trade just before the spike.
The spike is here , and the withdrawal is also.
Daddy needs a new shoes
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yes yes yes
  • #501,292
  • Oct 28, 2019 3:16am Oct 28, 2019 3:16am
Quoting Moty
{quote} Wow , talking about the right move in the right time. Gain 55 $on the actual move and rescue 39 $ on the short closed trade just before the spike. The spike is here , and the withdrawal is also. Daddy needs a new shoes {image} {image}
I was saying since friday morning, 2787 will be low and I am looking to buy only.

Few people were of the opinion, it is short
Intraday only.
  • #501,293
  • Oct 28, 2019 3:19am Oct 28, 2019 3:19am
good jump with LO ! smaller triangle work & test bigger to see ,price below 2848 with breaks 2842/32 may retest 2820/16 for next decision.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #501,294
  • Oct 28, 2019 3:21am Oct 28, 2019 3:21am
Stupid of me.
I posted on Saturday that pa give indication of an up move.
I got 2 opportunities to get out with good profit on my shorts this morning, and didn't take.
Louky i i woke up and switched just before the spike.
Unless it would be a disister to my account
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yes yes yes
  • #501,295
  • Oct 28, 2019 3:26am Oct 28, 2019 3:26am
Quoting Moty
Stupid of me. I posted on Saturday that pa give indication of an up move. I got 2 opportunities to get out with good profit on my shorts this morning, and didn't take. Louky i i woke up and switched just before the spike. Unless it would be a disister to my account {image}
you are right, the price will remain above 2830 today
Intraday only.
  • #501,296
  • Oct 28, 2019 3:34am Oct 28, 2019 3:34am
2810 must be stop loss, I will go long only.......only
Intraday only.
  • #501,297
  • Oct 28, 2019 3:36am Oct 28, 2019 3:36am
i think traders should be more cautious on the longs......

ive shorted 2845 with a 10 pip stop

initial target 20 pips
in wondering about yourself, you forgot what you came here to be part of
  • #501,298
  • Oct 28, 2019 3:38am Oct 28, 2019 3:38am
My opinion the price will remain above 2830 today.

However if it falls below 2810, short it.
Intraday only.
  • #501,299
  • Oct 28, 2019 3:38am Oct 28, 2019 3:38am
Entered long again .
Tp 1.28837
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yes yes yes
  • #501,300
  • Oct 28, 2019 3:42am Oct 28, 2019 3:42am
Quoting navk
My opinion the price will remain above 2830 today. However if it falls below 2810, short it.
agreed...
i may be in too early or completely wrong.

could go either way really.
both S&R s all over the chart at this level.
in wondering about yourself, you forgot what you came here to be part of
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