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Cable Update (GBPUSD)

  • #504,101
  • Nov 22, 2019 3:27am Nov 22, 2019 3:27am
Quoting donfriday
{quote} keep drinking lol Gap is not a strategy and its never in forex, if u see Gap on your chart it simply mean saturday trading because brokers dont open during this day..it not A must that it must be fill and when it does its mostly a retest .
I don't use the gap as my strategy, but I will keep drinking sir!

Gap fill is unreliable, you can see they may not get filled for over months at a time, so I do avoid it, but I am overall bearish on this pair, because Brexit is overall bad, and the Sterling has a lot more trials and tribulations to go through.

Unless something massive happens with the US. 70% of my trades will be shorting
  • #504,102
  • Nov 22, 2019 3:30am Nov 22, 2019 3:30am
there she drops.... could see a whipsaw though... was prettyyy violent.
  • #504,103
  • Nov 22, 2019 3:30am Nov 22, 2019 3:30am
BoooM
just for a cup of coffee...
  • #504,104
  • Nov 22, 2019 3:32am Nov 22, 2019 3:32am
I hate bad news bad in this case thank you manufacturing and services PMI for being bad, thats good.
Follow The Markets Structure - Patience and Discipline
  • #504,105
  • Nov 22, 2019 3:32am Nov 22, 2019 3:32am
Quoting Moty
show me the drop {image} {image} {image}
  • #504,106
  • Nov 22, 2019 3:34am Nov 22, 2019 3:34am
Quoting Theoak
starting to stack shorts - if this breaks theses LL we could be in for a nice Butty!!!! 1st on in at 1.2895
Whats your tp?
  • #504,107
  • Nov 22, 2019 3:35am Nov 22, 2019 3:35am
What the hell going on, so much profit all on a sudden! Better close all and stay away. Ok my way but not want a lottery. Take care

Got it, bad news only. Still away till have bath, launch and rest on bed to check charts!
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #504,108
  • Nov 22, 2019 3:35am Nov 22, 2019 3:35am
Waited all week for this! BINGO
I play the trade gamble to feed my Porsche addiction.
  • #504,109
  • Nov 22, 2019 3:36am Nov 22, 2019 3:36am
Long 2875... sl 2835 tp 2905
  • #504,110
  • Nov 22, 2019 3:37am Nov 22, 2019 3:37am
TP1 for one of my SHORT positions is 2850.

Will probably close all of em before NY open
  • #504,111
  • Nov 22, 2019 3:38am Nov 22, 2019 3:38am
Quoting pipfarm
{quote} Short , the uptrend was a correction {image}

Minor support at 2874, short pause before down to 2842 and 2791
Follow The Markets Structure - Patience and Discipline
  • #504,112
  • Nov 22, 2019 3:38am Nov 22, 2019 3:38am
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 34 KB
yes yes yes
  • #504,113
  • Nov 22, 2019 3:42am Nov 22, 2019 3:42am
I will buy 1.2770~1.2790 & sell 1.3020~1.3050

that's my plan for now . anything in between is risky
  • #504,114
  • Nov 22, 2019 3:44am Nov 22, 2019 3:44am
Spot on
I play the trade gamble to feed my Porsche addiction.
  • #504,115
  • Nov 22, 2019 3:44am Nov 22, 2019 3:44am
Quoting pipfarm
{quote} Minor support at 2874, short pause before down to 2842 and 2791

The golden trade wave 3 of wave 3 ,,, Traders Dream.
Follow The Markets Structure - Patience and Discipline
  • #504,116
  • Nov 22, 2019 3:45am Nov 22, 2019 3:45am
Quoting Moty
{image}
really juicy there mate
just for a cup of coffee...
  • #504,117
  • Nov 22, 2019 3:48am Nov 22, 2019 3:48am
Quoting pipfarm
{quote} The golden trade wave 3 of wave 3 ,,, Traders Dream.
Just hoping it doesnt go back up from here.
  • #504,118
  • Nov 22, 2019 3:49am Nov 22, 2019 3:49am
Quoting NieFenG999
Long 2875... sl 2835 tp 2905
1.3010
  • #504,119
  • Nov 22, 2019 3:50am Nov 22, 2019 3:50am
Break even, golden trade 3 of 3

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 34 KB
Follow The Markets Structure - Patience and Discipline
  • #504,120
  • Nov 22, 2019 3:53am Nov 22, 2019 3:53am
If wer're going to see a reverasl it's around this point. 2875. If not, consolidation +/- 10-15 pips then a drop to 2800 based off my analysis
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