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Cable Update (GBPUSD)

  • #505,101
  • Dec 3, 2019 4:15am Dec 3, 2019 4:15am
Sell at 2990 sl 3010 tp open.... I take the risk.... ^_^
  • #505,102
  • Dec 3, 2019 4:20am Dec 3, 2019 4:20am
Who asking the shorter??? ✌✌✌
  • #505,103
  • Dec 3, 2019 4:23am Dec 3, 2019 4:23am
Quoting BenWarburton
{quote} any reason?
There is an ending diagonal with extended 5 wave. I guess its over. as you probably know after ending diagonal reverse is high possible.
  • #505,104
  • Dec 3, 2019 4:26am Dec 3, 2019 4:26am
Quoting PandaTradeFx
{quote} Still holding this trade, stop-loss at +1,8 pips just to cover my swap if price will go down. {image}
I decided to close this trade. Almost 1:3 is a good risk reward ratio.
Attached Image (click to enlarge)
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  • #505,105
  • Dec 3, 2019 4:46am Dec 3, 2019 4:46am
Quoting pipfarm
Where are all the shorters now, LOL
Waiting.. lol

Average short on GU is -217p on FXbook
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  • #505,106
  • Dec 3, 2019 4:48am Dec 3, 2019 4:48am
Quoting tito5615104
i think it will reach to 1.2990-1.2995 this week {image}
it' work
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good luck
  • #505,107
  • Dec 3, 2019 4:48am Dec 3, 2019 4:48am
Close all short.... Enough for today $ 500 not bad.... ^_^
  • #505,108
  • Dec 3, 2019 5:01am Dec 3, 2019 5:01am
Attached Image (click to enlarge)
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yes yes yes
  • #505,109
  • Dec 3, 2019 5:16am Dec 3, 2019 5:16am
Maybe with all the American (negative?) appointments of this afternoon, it could go upper. What do you think?
  • #505,110
  • Dec 3, 2019 5:33am Dec 3, 2019 5:33am
Quoting frinze
Maybe with all the American (negative?) appointments of this afternoon, it could go upper. What do you think?
Here's what GU is up against (Daily time frame)....since 21 October the pair has been unsuccessful in breaking the 1.3 resistance.
Attached Image (click to enlarge)
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Charts don't drive price, market conditions drive price...
  • #505,111
  • Dec 3, 2019 5:39am Dec 3, 2019 5:39am
Quoting Guztro
{quote} Here's what GU is up against (Daily time frame)....since 21 October the pair has been unsuccessful in breaking the 1.3 resistance. {image}
No resistance there at all...It is just a holding pattern as the average continues to rise
Attached Image (click to enlarge)
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  • #505,112
  • Dec 3, 2019 5:40am Dec 3, 2019 5:40am
Quoting Nala66
{quote} No resistance there at all...It is just a holding pattern as the average continues to rise
I disagree...
Charts don't drive price, market conditions drive price...
  • #505,113
  • Dec 3, 2019 5:40am Dec 3, 2019 5:40am
Long gu , the drop is coming at 1.3000
Attached Image (click to enlarge)
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yes yes yes
  • #505,114
  • Dec 3, 2019 5:51am Dec 3, 2019 5:51am
Quoting Nala66
{quote} No resistance there at all...It is just a holding pattern as the average continues to rise {image}
That's what they want you to think!

*Que theme song form X-files*
  • #505,115
  • Dec 3, 2019 5:54am Dec 3, 2019 5:54am
it will test 2950 from here. stop 20 pips
Intraday only.
  • #505,116
  • Dec 3, 2019 6:00am Dec 3, 2019 6:00am
you have to assume that last one is bullish consolidation
therefore this range will break up
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Monthly.png Size: 16 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #505,117
  • Dec 3, 2019 6:01am Dec 3, 2019 6:01am
BULLS are in charge without higher and above 12775
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #505,118
  • Dec 3, 2019 6:04am Dec 3, 2019 6:04am
Quoting Goyedara
Am new here though. But I observed something about gbd yesterday. Towards end of last week, gbp rose against all the pair on the ground that the conservatives are favoured to win more seats in the HOC. Yesterday, another news making the wave is that the seats are gradually declining and the labour party are getting more seat. Which suggests that even if boris Johnson's party is gonna win the election on dec 12, its gonna be a tight contest. Gbp came crashing against all the pairs but for gbpusd which gbp appreciated greatly due to new tariff imposed...

This is what I don't get....

Brexit votes leave....GBP sterling crashes.

Another election to keep BoJo and everyone's saying that it will "Shoot to the moon"...(starting to sound like BTC forums)....

Statistically, we will see a pullback on runs like these...albeit. we don't know if this is actually the top...but 6 weeks of consolidation with LL just solidifies my reason as to a drop coming soon.

Also. IF it does go up, daoist have a good saying "If you want one thing, you go for the other" any move upwards is going to see a downward trigger. Look at what happened when Irish PM gave a thumbs up to BoJo...we see an unprecedented 1000 pip move... coincidentally... to a longterm resistance TL that goes back years..... Or the vote in 2016 (which was dodgy) 200 spike up before weekend, 1000 bear run... I just find it a little odd we have a 1000 pip rally a few months before election...and have price just...sit and range for 200 pips (at best). It looks like a setup for a Trendline break..get the break out traders in, then dump price... So this probably isn't the top, and the dump isn't going to be as massive (as we may think right now).
In summary: BoJo wins...sterling shit. BoJo loses...more disarray, Sterling shit. This seems like a repeat of 2016 Remain/Leave campaign....

Just my thoughts...
  • #505,119
  • Dec 3, 2019 6:05am Dec 3, 2019 6:05am
Quoting greengp
If i get death cross ema 50/ ema 25 i will keep buying on dips or keep selling on the rise in chart m 5 . No news and no tweets
these is going to be another thread man
  • #505,120
  • Dec 3, 2019 6:06am Dec 3, 2019 6:06am
Impossible is nothing...
Attached Image(s) (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
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