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Cable Update (GBPUSD)

  • #505,181
  • Dec 3, 2019 1:41pm Dec 3, 2019 1:41pm
seems 1.3011 is the limit for today.
back to 1.2980
  • #505,182
  • Dec 3, 2019 2:16pm Dec 3, 2019 2:16pm
Following mostly gbpchf and to some extend gbpjpy as they burst out already and taking the correction. Further correction 1(or 2) day may try bull abd hold all together for the last chance perhaps.

In gbpchf may protect daily close 2796 but lows may go just below 2765.
Similarly in gj may reach 140.420 next day, if further delay to thursday then 139.780 possible too. Lets see.
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #505,183
  • Dec 3, 2019 2:27pm Dec 3, 2019 2:27pm
Final update guys last... no more spamming after this..... a very solid day..... only 5k left for recovery
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Extreme gut feeling trader
  • #505,184
  • Dec 3, 2019 2:28pm Dec 3, 2019 2:28pm
Quoting fontu
Following mostly gbpchf and to some extend gbpjpy as they burst out already and taking the correction. Further correction 1(or 2) day may try bull abd hold all together for the last chance perhaps. In gbpchf may protect daily close 2796 but lows may go just below 2765. Similarly in gj may reach 140.420 next day, if further delay to thursday then 139.780 possible too. Lets see. {image}
do you expect this to affect also GBP USD or a world of its own?

the correlation between the pairs is not following along in the near past... gbpusd vs gbpjpy h1..


https://www.myfxbook.com/sv/forex-ma.../GBPUSD-GBPJPY
  • #505,185
  • Dec 3, 2019 2:42pm Dec 3, 2019 2:42pm
Quoting krst8
{quote} do you expect this to affect also GBP USD or a world of its own? the correlation between the pairs is not following along in the near past... gbpusd vs gbpjpy h1.. {image}
When i trade gbp pairs i usually do in a busket of 3 pairs, gbpusd, gbpchf and gbpjpy, ok they do react little different but when they ready or in oneline perform the best job. So ok go together or most similar, now or then just.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #505,186
  • Dec 3, 2019 2:50pm Dec 3, 2019 2:50pm
Quoting fontu
{quote} When i trade gbp pairs i usually do in a busket busket of 3 pairs, gbousd, gbpchf and gbpjpy, ok they do react little different but when they ready or in oneline perform the best job. So ok go together or most similar, now or then just.
interesting, major benefits trading in basket vs only one pair? (seen this before, but not grasp full purpose yet besides some better risk management if understod correct, need more reading..).. i do see this tactics would worked out yesterday for example when shorting gbp usd to no vain but chf and jpy dropped like a stone.. many thanks to this tips, will read into futher!
  • #505,187
  • Dec 3, 2019 3:01pm Dec 3, 2019 3:01pm
GBPUSD is about to breakout after breaking out earlier today from that trend line.
https://www.tradingview.com/chart/GB...kout-Expected/


Now it needs to take a breather before it can start again.
https://www.tradingview.com/chart/GB...-ABCD-Pattern/
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Technical Analyst & Trader @ Vikinsa
  • #505,188
  • Dec 3, 2019 3:14pm Dec 3, 2019 3:14pm
What a day. PA never visited H1 average for the whole day. It's unusual. The aftermath is that H1 average climbed from 2924 at the beginning of the day to 2972 presently. One thing is sure, PA will visit here by tomorrow
  • #505,189
  • Dec 3, 2019 5:56pm Dec 3, 2019 5:56pm
Quoting Guztro
{quote} I don't monitor charts...I monitor market conditions. Guz
So you trade by what you read without looking at your charts????? Impressive

And there's me thinking the charts were a reflection of the market conditions.
  • #505,190
  • Edited 9:08pm Dec 3, 2019 6:29pm | Edited 9:08pm
Quoting Nala66
{quote} So you trade by what you read without looking at your charts????? Impressive And there's me thinking the charts were a reflection of the market conditions.
Ahaha..... nala66 only 5k left from last week pound short losss... this time i am gonna go more big and more stupid

Edit 25k loss completely recovered..
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Extreme gut feeling trader
  • #505,191
  • Dec 3, 2019 7:58pm Dec 3, 2019 7:58pm
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #505,192
  • Dec 3, 2019 7:59pm Dec 3, 2019 7:59pm
tweaked
Quoting Bones
cable has a consolidation candle on the monthly , likely break to the upside, Best Buy = between 12700 to 12800 only a d1 break and close below 12700 would change my mind for the next run.The open gap is at major pivot 12775 but that doesn't have to be filled now. This pattern is the opposite to the look left /down until proven otherwise. {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #505,193
  • Dec 3, 2019 9:13pm Dec 3, 2019 9:13pm
Quoting pipfarm
{quote} You never mentioned weekly or daily closing and neither of those closed higher , i will bear your suggestion in mind for the gbpjpy.
Alright, wait then.
  • #505,194
  • Dec 3, 2019 9:21pm Dec 3, 2019 9:21pm
Current open positions......
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Extreme gut feeling trader
  • #505,195
  • Dec 3, 2019 9:58pm Dec 3, 2019 9:58pm
Quoting montygoldy
Current open positions...... {image}
outstanding mate. feels very uptight likely holding those pairs. you're very brave. keep it up!
  • #505,196
  • Dec 3, 2019 10:10pm Dec 3, 2019 10:10pm
punch up later,. ( keep adding long position )
  • #505,197
  • Dec 3, 2019 10:20pm Dec 3, 2019 10:20pm
Retest yesterdayHigh @ 2 month resistancre 1.3011..
Break we fly high, towards 1.3170...

or else, retrace then, we back to the ranging area 1.29xx-1.28xx... I choose Long..
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  • #505,198
  • Dec 3, 2019 10:28pm Dec 3, 2019 10:28pm
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yes yes yes
  • #505,199
  • Edited 11:51pm Dec 3, 2019 10:39pm | Edited 11:51pm
Morning all, checking pairs in the next move, usdx and eurgbp apparently bottomed but still little movement may possible to breathe for price action before they bounce! So still may last time the target at least 3011+ before tanking below limit 2949. Anyway better no go the target plus first, do a smooth correction to 2949 to get the target plus. Lets see how it react. No bet for bull yet! gj and gbpchf burst up in advance but now correction minimum down over , medium likely next further to maximum possible may to add fakeout fear IF .gj looking next medium 140.47 to maximum below 139.96 to 139.41, gbpchf medium 2743 , max 2707! so like it a bear day !

Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #505,200
  • Dec 3, 2019 10:55pm Dec 3, 2019 10:55pm
Quoting hans91
{quote} outstanding mate. feels very uptight likely holding those pairs. you're very brave. keep it up!
closed pound sells with 2k profit... but keeping gold longs... still have faith for 1485 today....
Extreme gut feeling trader
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