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Cable Update (GBPUSD)

  • #505,041
  • Dec 2, 2019 10:43am Dec 2, 2019 10:43am
eg at daily r3 , you remember what happand to the eu when he hit the daily s3 , a flight to daily r2
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yes yes yes
  • #505,042
  • Dec 2, 2019 10:48am Dec 2, 2019 10:48am
Quoting BenWarburton
{quote} literally went down haha

Whose laughing now , went down to retest support then bang the 4 o clock switch is on but i will say in your favour the up move does not look strong so maybe some more sideways action for now.
Follow The Markets Structure - Patience and Discipline
  • #505,043
  • Dec 2, 2019 10:53am Dec 2, 2019 10:53am
ok gbpchf & gj initial targets and may wait next target 100 pips down but gbpusd still standing there in the hope for some lift! will wait for it too.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #505,044
  • Dec 2, 2019 10:54am Dec 2, 2019 10:54am
Why GAP down? If the gbp usd going up today, why such large gap down this weekend?

GBP/CHF and eur is very strong down now also, but linked to usd or not?!?

the last weekends gaps has been indicative for the movements the coming days.
  • #505,045
  • Dec 2, 2019 11:06am Dec 2, 2019 11:06am
Quoting pipfarm
{quote} Really, check the monthly now, LOL, very amateurish assumption.
Don't Worry! I standby with my assumptions. I will not tell you the way .... Wait and See the Tide......
  • #505,046
  • Dec 2, 2019 11:18am Dec 2, 2019 11:18am
Quoting Army50000
{quote} Don't Worry! I standby with my assumptions. I will not tell you the way .... Wait and See the Tide......

Thats good always stand by your assumptions but admit when your wrong,

Your words "GBP/USD showing a High Bullish Trend in Monthly closing .... so the further candle is also expected upward!"

The next candle did make a higher close but i would not call it an upward candle , more of an inside bar, thats not to say Cable is not going to move higher, the higher close i would view as a positive for the long side but there is some serious resistance to overcome for the long side to continue, which is why cable is probably not making any further serious gains at the moment
Follow The Markets Structure - Patience and Discipline
  • #505,047
  • Dec 2, 2019 11:25am Dec 2, 2019 11:25am
Quoting pipfarm
{quote} Thats good always stand by your assumptions but admit when your wrong, Your words "GBP/USD showing a High Bullish Trend in Monthly closing .... so the further candle is also expected upward!" The next candle did make a higher close but i would not call it an upward candle , more of an inside bar, thats not to say Cable is not going to move higher, the higher close i would view as a positive for the long side but there is some serious resistance to overcome for the long side to continue, which is why cable is probably not making any further...
Of Course Market is based on Probability, that's why no one is of 100% conformity.
I said it for the next coming month, so before being judgmental let the month be close.!
  • #505,048
  • Dec 2, 2019 11:30am Dec 2, 2019 11:30am
Quoting pipfarm
{quote} Thats good always stand by your assumptions but admit when your wrong, Your words "GBP/USD showing a High Bullish Trend in Monthly closing .... so the further candle is also expected upward!" The next candle did make a higher close but i would not call it an upward candle , more of an inside bar, thats not to say Cable is not going to move higher, the higher close i would view as a positive for the long side but there is some serious resistance to overcome for the long side to continue, which is why cable is probably not making any further...
And I guess you are one of bears in Cable!!
  • #505,049
  • Dec 2, 2019 11:31am Dec 2, 2019 11:31am
Quoting frinze
Will it reach again 1.294000?
Yes
  • #505,050
  • Dec 2, 2019 11:37am Dec 2, 2019 11:37am
Quoting Army50000
{quote} And I guess you are one of bears in Cable!!

Certainly not, i will be a bear when the market turns bearish and regarding the previous conversation, the original post you made was on the `19th of November so the month ended unless we are talking chinese calendars here lol, i was pointing out a statement you made that is not always true.

As for trade bias i never fall in love with direction i see price coming of support or resistance in the current direction and that is all there is to it.

And just to prove i dont talk bs ,some guy earlier was trying to ridicule me so here you go check this chart out and all trades i post are live account.

Attached Image (click to enlarge)
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have a good day
Follow The Markets Structure - Patience and Discipline
  • #505,051
  • Dec 2, 2019 11:39am Dec 2, 2019 11:39am
Attached Image (click to enlarge)
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yes yes yes
  • #505,052
  • Dec 2, 2019 11:43am Dec 2, 2019 11:43am
Quoting pipfarm
{quote} Whose laughing now , went down to retest support then bang the 4 o clock switch is on but i will say in your favour the up move does not look strong so maybe some more sideways action for now.
Wkwk good analysis bro... I mean breakout this week is coming
  • #505,053
  • Dec 2, 2019 11:51am Dec 2, 2019 11:51am
Quoting pipfarm
{quote} Certainly not, i will be a bear when the market turns bearish and regarding the previous conversation, the original post you made was on the `19th of November so the month ended unless we are talking chinese calendars here lol, i was pointing out a statement you made that is not always true. As for trade bias i never fall in love with direction i see price coming of support or resistance in the current direction and that is all there is to it. And just to prove i dont talk bs ,some guy earlier was trying to ridicule me so here you go check...
oho! Gentle man!.
Of course i commented for the next coming month.
what do you say i made a post with reference to monthly closing on 19th of November and i was talking about daily or weekly closing???
You are Making Pips !!
Attached Image (click to enlarge)
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Here You Can see me Then....
  • #505,054
  • Dec 2, 2019 11:56am Dec 2, 2019 11:56am
Quoting pipfarm
{quote} Certainly not, i will be a bear when the market turns bearish and regarding the previous conversation, the original post you made was on the `19th of November so the month ended unless we are talking chinese calendars here lol, i was pointing out a statement you made that is not always true. As for trade bias i never fall in love with direction i see price coming of support or resistance in the current direction and that is all there is to it. And just to prove i dont talk bs ,some guy earlier was trying to ridicule me so here you go check...
I Have a loyal Suggestion for you based on my calculations....
Sell GBP / JPY....
  • #505,055
  • Edited 12:09pm Dec 2, 2019 11:58am | Edited 12:09pm
I can't figure it out, the dollar went down significantly today
, so how a violent pair like the pound dollar went up 40 pips today versus the calmer euro dollar that went up 80 pips?
Attachment g
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yes yes yes
  • #505,056
  • Dec 2, 2019 12:14pm Dec 2, 2019 12:14pm
Quoting Moty
I can't figure it out, the dollar went down significantly today , so how a violent pair like the pound dollar went up 40 pips today versus the calmer euro dollar that went up 80 pips? 3501820 {image}
would that itself not be a sign of overbought/overvalued situation and that GBP is completely into speculation right now with election days and brexit....
  • #505,057
  • Dec 2, 2019 12:15pm Dec 2, 2019 12:15pm
Quoting krst8
Why GAP down? If the gbp usd going up today, why such large gap down this weekend? GBP/CHF and eur is very strong down now also, but linked to usd or not?!? the last weekends gaps has been indicative for the movements the coming days.
Gap or fast move are parts of price action, not always mean any direction or so. It was expected gap up for another setup but this gap down does not mean the set up of weekly burst failed but may just delay and may a little later also. Simply see gbpjpy and gbpchf actually burst out and just correcting down and may not bull yet but may preparing for next. Similarly gbpusd may wait for a lift, not thinking yet but possible and as i wrote may great fakeout /crush possible too. So still to see what may comes up. Waiting gu down, gj, gbpchf further correct down to try next bull all together. Better stay tuned for anything, very critical time for any play. Take care
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #505,058
  • Dec 2, 2019 12:34pm Dec 2, 2019 12:34pm
Quoting Moty
I can't figure it out, the dollar went down significantly today , so how a violent pair like the pound dollar went up 40 pips today versus the calmer euro dollar that went up 80 pips? 3501820 {image}
hmm..

stop try to figure it out..this market is long time kind of crap,.. just aim to take small pips basket and try to be less exposure to the bs of the market,,
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #505,059
  • Dec 2, 2019 12:35pm Dec 2, 2019 12:35pm
Quoting Army50000
{quote} oho! Gentle man!. Of course i commented for the next coming month. what do you say i made a post with reference to monthly closing on 19th of November and i was talking about daily or weekly closing??? You are Making Pips !! {image} Here You Can see me Then....
You never mentioned weekly or daily closing and neither of those closed higher , i will bear your suggestion in mind for the gbpjpy.
Follow The Markets Structure - Patience and Discipline
  • #505,060
  • Dec 2, 2019 12:38pm Dec 2, 2019 12:38pm
Quoting fontu
{quote} Gap or fast move are parts of price action, not always mean any direction or so. It was expected gap up for another setup but this gap down does not mean the set up of weekly burst failed but may just delay and may a little later also. Simply see gbpjpy and gbpchf actually burst out and just correcting down and may not bull yet but may preparing for next. Similarly gbpusd may wait for a lift, not thinking yet but possible and as i wrote may great fakeout /crush possible too. So still to see what may comes up. Waiting gu down, gj, gbpchf...
thanks for your opinions and explanation, apreciated! Keeping short at 2928 so i am biased in my analysis :-) , was expecting to get crushed at Trump tweet, but basically only USD and GBP lost value... the pools last days have all indicated a further lead loss for Tories so feels like a race into voting day, hence not supprised of a gap down. Thursdays upp last week was basically function of Yougov MRP poll, so polls going agains should push price down (in very short term)...
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