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Cable Update (GBPUSD)

  • #505,421
  • Dec 5, 2019 11:37am Dec 5, 2019 11:37am
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  • #505,422
  • Dec 5, 2019 11:38am Dec 5, 2019 11:38am
Forexlive
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good luck
  • #505,423
  • Dec 5, 2019 11:40am Dec 5, 2019 11:40am
SHORT ?
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Goodluck to you!
  • #505,424
  • Edited 12:06pm Dec 5, 2019 11:45am | Edited 12:06pm
im showing at no sign of short,. ( eurusd (1.1204x) one big uppie for good friday for me )
  • #505,425
  • Dec 5, 2019 11:47am Dec 5, 2019 11:47am
Quoting Theoak
{quote} out + 24 pips
Short 1.3154
Don't trade what you think. Just what you see!!!
  • #505,426
  • Dec 5, 2019 12:26pm Dec 5, 2019 12:26pm
hi there whatss upp... looks tough to break huh..
H4 1.3170-80... stay long
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  • #505,427
  • Dec 5, 2019 1:18pm Dec 5, 2019 1:18pm
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  • #505,428
  • Dec 5, 2019 1:36pm Dec 5, 2019 1:36pm
Though usdx trying an intermediate support to bounce. Gbpusd nearer but not hit the target yet. Eurgbp next support 0.6420 not reached yet and so still waiting for target reach at this strong resistance areas, 3164 tested, retest and target likely before correction to further up try.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #505,429
  • Dec 5, 2019 2:23pm Dec 5, 2019 2:23pm
Quoting pipfarm
{quote} whats there to say, i already posted my trade, buying dips up to 3173 resistance since 2900 ish level , if the market is bullish i buy dips if the market is bearish i sell rallies but i do not trade corrective moves.
I agree with your opinion. I realize that everyone has their own trading style. So keep calm and enjoy


I was once lost, everyone has their own way. no matter what they say. this is just a backtest. don't believe me.
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  • #505,430
  • Dec 5, 2019 2:43pm Dec 5, 2019 2:43pm
long dominated trade
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  • #505,431
  • Dec 5, 2019 6:50pm Dec 5, 2019 6:50pm
that line won't hold ,but it is a line
Quoting Mr.Ha
SHORT ? {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #505,432
  • Dec 5, 2019 6:52pm Dec 5, 2019 6:52pm
nfp or no nfp ,you have doubt any change to the weekly for reverse
as is= expect another ,it just broke free
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #505,433
  • Dec 5, 2019 7:02pm Dec 5, 2019 7:02pm
Quoting Moty
{quote} I am a proud seller The drop is here {image} {image}
lol, what a bad joke. I suggest reading babypips. that will help you.
  • #505,434
  • Dec 5, 2019 7:48pm Dec 5, 2019 7:48pm
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #505,435
  • Dec 5, 2019 9:39pm Dec 5, 2019 9:39pm
everyone is trying to guess the top which is a very hard job but with help of Elliott waves i can guess the safe zone to go short

the grey circle is where u should build ur short positions

and the drop target would be between 1.25 to 1.28 area before resuming the up trend again
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  • #505,436
  • Dec 5, 2019 9:56pm Dec 5, 2019 9:56pm
Quoting msniper
everyone is trying to guess the top which is a very hard job but with help of Elliott waves i can guess the safe zone to go short the grey circle is where u should build ur short positions and the drop target would be between 1.25 to 1.28 area before resuming the up trend again {image}
Well if this was indeed true wouldn't we all be doing it. I have seen so many people lose accounts with this building up of opposing positions.

Why on Earth they don't just wait for confirmation and apply stops is beyond my understanding.

There are many ways to count waves and there are multiple time frames we could be using. Such a lot of things move the markets that we should only be going with the flow and not trying to predict anything.
  • #505,437
  • Dec 5, 2019 10:06pm Dec 5, 2019 10:06pm
Quoting Nala66
{quote} Well if this was indeed true wouldn't we all be doing it. I have seen so many people lose accounts with this building up of opposing positions. Why on Earth they don't just wait for confirmation and apply stops is beyond my understanding. There are many ways to count waves and there are multiple time frames we could be using. Such a lot of things move the markets that we should only be going with the flow and not trying to predict anything.
why would u lose your account if i told u the selling area is 300pips wide range that's mean u should only go small lots every time it goes up and u will never end up blowing any accounts. before u build u can count ur loss

of course there is no guarantee things with analysis but this is the tools we have in this life and we try to predict

everyone can use this analysis differently some will not sell inside the circle until he sees a reversal weekly candle inside the circle and he will be more confident with the count
  • #505,438
  • Dec 5, 2019 10:14pm Dec 5, 2019 10:14pm
not predicting anything, just curious to see the reaction to this area....
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Look Sharp/Trade Tight
  • #505,439
  • Dec 5, 2019 10:27pm Dec 5, 2019 10:27pm
Basically GBP - DEC 12 -> GBP Elections
All currencies - DEC 15 -> Trump Tariffs in Effect

Trade according to timing.

Do you want to go long now that the GBP has moved so much?
Do you want to short wherein polls indicate supported GBP?
Do you want to trade GBPAUD or GBPNZD given DEC 15 tariffs? Are you ready for fake news throughout the day and days before it?
Safest 100% trade is to invest all your money to my time machine.

Temptation with traders is they want to make $$$ in each pip up and down.
  • #505,440
  • Dec 5, 2019 10:33pm Dec 5, 2019 10:33pm
Open long 1.3157 target 1.3200-1.3225 before NFP, i put my sl on 1.3130....
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