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Cable Update (GBPUSD)

  • #503,941
  • Nov 20, 2019 6:11am Nov 20, 2019 6:11am
Quoting Guztro
{quote} The pound has been bouncing up and down in a 250pip range since 21 October...that is unlikely to change till after the elections. Your strategy should be how to trade the range successfully. Guz

guru
MY OPINION NOT FINANCIAL ADVISE
  • #503,942
  • Nov 20, 2019 6:31am Nov 20, 2019 6:31am
Quoting Ra.
{quote} Well I gotta ask then based off your signature. What the hell do you eat, and where can I get some of that for my gut.
When you experience big losses.... i mean monster losses... to make big you have to risk big.... in short period of time....
Extreme gut feeling trader
  • #503,943
  • Nov 20, 2019 6:40am Nov 20, 2019 6:40am
Since the dx touched the daily R3 at 97.905 and went down , the gu gone up 16 pips
yes yes yes
  • #503,944
  • Edited 7:16am Nov 20, 2019 6:51am | Edited 7:16am
my count might be invalid soon too...that's why flexibility is required when trading based on EW, know what invalidates the pattern.
Edit: Added channel to clearly see when my count might be invalidated.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #503,945
  • Nov 20, 2019 7:05am Nov 20, 2019 7:05am
Good morning NY
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  • #503,946
  • Nov 20, 2019 7:19am Nov 20, 2019 7:19am
I see that pullback in point 61.8 fibo, at price 1.29000.
I will take buy at 1.29000, SL 1.28701, TP open
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  • #503,947
  • Nov 20, 2019 7:50am Nov 20, 2019 7:50am
Quoting Moty
{image}
I just think you might be selling on one side. Chart is clearly pointing downwards to 287ish even in shorter time frame why buy?
Keep the Lights on then you can catch the rise from the dark.
  • #503,948
  • Nov 20, 2019 7:55am Nov 20, 2019 7:55am
Quoting fontu
{quote} Corrective, wave 1 and 5th may complex. Smaller formation wave 1 up ok try and in that case 4 or wave 2 up may be 2856 or below 2814, medium as correction not to the minimum yet as top of top wave extension running only may more correct down to bull real, no crazy now, much bigger, correct down enough to bottom play even to try up again!! In much bigger cycle correct up above 3384 to bear continue after big breakout, push back over now wave 1 diwn, so wave b up to start wave 3 strong down may to start in future. Take care. Good try. {image}...
sorry again , as I think nobody understand what I wrote , so picture . the last leg up apparently not in impulse ,so abc correction may over already , ok crazy may run still & 2581 give the status of the limit 4 for up, otherwise go below 2515 to up as standard wave. and a clear target bull may be over 3384 too !
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDDaily.png Size: 33 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #503,949
  • Nov 20, 2019 8:16am Nov 20, 2019 8:16am
Quoting quangvision
{quote} Hi, I am using MA26 and don't see GU closed above average so I strongly believe it will keep creating new bottoms
It's like EMA 29 is winning the battle of H4 average. Ever since your last post there has been no case of lo-lo and now PA is at H1 average
  • #503,950
  • Nov 20, 2019 8:25am Nov 20, 2019 8:25am
trend is not your enemy .
MY OPINION NOT FINANCIAL ADVISE
  • #503,951
  • Nov 20, 2019 8:26am Nov 20, 2019 8:26am
Quoting fontu
{quote} sorry again , as I think nobody understand what I wrote , so picture . the last leg up apparently not in impulse ,so abc correction may over already , ok crazy may run still & 2581 give the status of the limit 4 for up, otherwise go below 2515 to up as standard wave. and a clear target bull may be over 3384 too ! {image} {image} {image}
I agree because retest on top but market maker is amazing.
  • #503,952
  • Nov 20, 2019 8:26am Nov 20, 2019 8:26am
Break up
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yes yes yes
  • #503,953
  • Nov 20, 2019 8:31am Nov 20, 2019 8:31am
The bulls are back!
  • #503,954
  • Nov 20, 2019 8:33am Nov 20, 2019 8:33am
Quoting fontu
{quote} Immediate bearish. Short to medium bull, medium to long term big bear. Thanks
if it's still not out of the box, I don't think it can determine the long-term trend, whether it will go up or down. price only moves inside the box. so just wait
  • #503,955
  • Nov 20, 2019 8:41am Nov 20, 2019 8:41am
@Hi, people, all agree price go down 1.258x ?
  • #503,956
  • Nov 20, 2019 8:47am Nov 20, 2019 8:47am
Quoting Moty
Break up {image}
yeah , watching if sustain for few hours , present candle to close over 2910/03 at least for actual tl test for breakout. anyway gold is doing well for 1465
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #503,957
  • Nov 20, 2019 8:51am Nov 20, 2019 8:51am
Quoting Bydyke
The bulls are back!
how about another..Timberrr
just for a cup of coffee...
  • #503,958
  • Edited 9:35am Nov 20, 2019 8:57am | Edited 9:35am
The spike is coming
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Update
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yes yes yes
  • #503,959
  • Nov 20, 2019 9:00am Nov 20, 2019 9:00am
Quoting akim0895
{quote} how about another..Timberrr
Yeah, but a trip southwards is likely before the bulls blaze their horns full throttle.

They've retaken the H1 average (2916 presently) which they lost by 11 hours GMT yesterday
  • #503,960
  • Nov 20, 2019 9:18am Nov 20, 2019 9:18am
maybe we'll see
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MY OPINION NOT FINANCIAL ADVISE
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