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Cable Update (GBPUSD)

  • #501,681
  • Oct 30, 2019 4:05am Oct 30, 2019 4:05am
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 29 KB
yes yes yes
  • #501,682
  • Oct 30, 2019 4:06am Oct 30, 2019 4:06am
and the reason why I am trying to short is... 2906 is 4 hr resistance as per my chart.

And keep in mind, 2787 is important number. If it breaks then daily support gives up.

3013 is weekly resistance
Intraday only.
  • #501,683
  • Oct 30, 2019 4:18am Oct 30, 2019 4:18am
Quoting navk
and the reason why I am trying to short is... 2906 is 4 hr resistance as per my chart. And keep in mind, 2787 is important number. If it breaks then daily support gives up. 3013 is weekly resistance
An important point you come with there, the indicated direction is relative to the temporal perspective one has.
Sure, on the daily chart we are in an uptrend. But as you pointed out, on H4 we are trading down, LHs and some beautiful wicks as well. The chart below shows the zones I am looking at today, heavy resistance at 2900's and heavy support in the 40's and 50's.
So I am with you, fading the rallies until 2906 gives in.

And as always in these Brexit times, we are only a tweet or a slur away from a 150 pip thrust in any direction.
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-10-30_1008.png Size: 26 KB
  • #501,684
  • Edited 4:33am Oct 30, 2019 4:23am | Edited 4:33am
Waiting for takeoff
I continue to be locked on Long because the dollar is trending down.
and the eg allready gave a drop that rejacted , next time it will drop like a stone
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 31 KB


update : take off , baby !
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 38 KB
yes yes yes
  • #501,685
  • Oct 30, 2019 4:25am Oct 30, 2019 4:25am
Quoting navk
first short, made it. second short.... few running, few will be added. {image}

Well done Navk.

Trading M1 chart will be a suicidal for me but you have mastered it. I trade Euro and Swissy more now for my account safety.
  • #501,686
  • Oct 30, 2019 4:39am Oct 30, 2019 4:39am
Quoting Moty
Waiting for takeoff I continue to be locked on Long because the dollar is trending down. and the eg allready gave a drop that rejacted , next time it will drop like a stone{image} update : take off , baby !{image}
You might be right though I'm waiting for a little longer before committing long. In the meantime I'll keep scalping.
  • #501,687
  • Oct 30, 2019 4:50am Oct 30, 2019 4:50am
Quoting Theoak
LONG IN AT 1.2875
added to long in at 1.2880
Don't trade what you think. Just what you see!!!
  • #501,688
  • Oct 30, 2019 4:58am Oct 30, 2019 4:58am
Quoting Theoak
{quote} added to long in at 1.2880
Me too.
  • #501,689
  • Oct 30, 2019 5:01am Oct 30, 2019 5:01am
Quoting Theoak
{quote} added to long in at 1.2880
closed one off for 12 pips
Don't trade what you think. Just what you see!!!
  • #501,690
  • Oct 30, 2019 5:09am Oct 30, 2019 5:09am
closed for +20 pips

time for some breakfast
  • #501,691
  • Oct 30, 2019 5:10am Oct 30, 2019 5:10am
Quoting Theoak
{quote} closed one off for 12 pips
out second lot 6 pips

Did fancy this going to 1.2900
Don't trade what you think. Just what you see!!!
  • #501,692
  • Oct 30, 2019 5:14am Oct 30, 2019 5:14am
WE WANT MORE ...
WE WANT MORE
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 45 KB
yes yes yes
  • #501,693
  • Oct 30, 2019 5:20am Oct 30, 2019 5:20am
GU is near upper border channel 1 H- its 1.29240. 24 oct touched low border 1 H channel now upper border.but after it it goes down 1h divergence-down.
  • #501,694
  • Oct 30, 2019 5:22am Oct 30, 2019 5:22am
Quoting Theoak
{quote} out second lot 6 pips Did fancy this going to 1.2900
long in at 1.2886
Don't trade what you think. Just what you see!!!
  • #501,695
  • Oct 30, 2019 5:28am Oct 30, 2019 5:28am
Quoting Theoak
{quote} long in at 1.2886
out 3 pip loss
Don't trade what you think. Just what you see!!!
  • #501,696
  • Oct 30, 2019 5:30am Oct 30, 2019 5:30am
this week could end up as bearish candle.

3013 weekly resistance. 2906 4hr resistance.

2787 is now important, which is daily suport, if it gives up... down.
Intraday only.
  • #501,697
  • Oct 30, 2019 5:35am Oct 30, 2019 5:35am
Quoting navk
this week could end up as bearish candle. 3013 weekly resistance. 2906 4hr resistance. 2787 is now important, which is daily suport, if it gives up... down.
so FOMC should break either one
Bismillah
  • #501,698
  • Oct 30, 2019 5:41am Oct 30, 2019 5:41am
Quoting Theoak
{quote} out 3 pip loss
long again 1.2889

target 1.2899
Don't trade what you think. Just what you see!!!
  • #501,699
  • Oct 30, 2019 5:50am Oct 30, 2019 5:50am
Quoting Tekin
maybe 1.2608 who knows
all datas seems againest to dollar. stop is 1.2910 now
Attached Image (click to enlarge)
Click to Enlarge Name: Ekran Al?nt?s?.PNG Size: 62 KB
  • #501,700
  • Oct 30, 2019 5:50am Oct 30, 2019 5:50am
1h border 1.29240 works good but after it will be down-divergence down 1 h.H4 channel down 1.2701-first target For a moment GU is above MA50 H4-before Gu was under.
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