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Cable Update (GBPUSD)

  • #505,741
  • Dec 10, 2019 2:01pm Dec 10, 2019 2:01pm
...and I am done for today.
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DX chart
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Enjoy your day everyone...
Always trade your own plan...I don't provide trading signals.
  • #505,742
  • Dec 10, 2019 2:18pm Dec 10, 2019 2:18pm
Quoting knkie
one could have seen this coming, there were several signals M15 chart Ra: "pressure" there should be a pullback on M5 if you wanna swing trade this {image}
So your Entry was based off of the close and rejection of previous resistance where price started to consolidate? (blue box).

The bearish candle creating the HL and it's second attempt of breaking the lower price followed by the slow climb up past resistance told you price was moving up further?
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  • #505,743
  • Dec 10, 2019 2:28pm Dec 10, 2019 2:28pm
Quoting Ra.
{quote} So your Entry was based off of the close and rejection of previous resistance where price started to consolidate? (blue box). The bearish candle creating the HL and it's second attempt of breaking the lower price followed by the slow climb up past resistance told you price was moving up further? {image}
right, so i might say it differently, but where you have the word 'enter', price broke out of the right side of the HL formation.
You have a blue box where price then tests it.
in your chart you also have a BB.
Many traders see BB touches as a reaction signal but it often is also a signal of rising momentum.
That would constitute 'pressure' for me.
So if you go down a frame you can trade pullbacks with lower risk because of the higher frame momentum.

You spotted the HH
Now M30 or H1 will repeat the HL scenario if im correct
in wondering about yourself, you forgot what you came here to be part of
  • #505,744
  • Dec 10, 2019 2:29pm Dec 10, 2019 2:29pm
Wouldn't be surprised if price keeps running to High of Year. Maybe a pullback along the way...but she's been going strong as of recently.
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  • #505,745
  • Dec 10, 2019 2:40pm Dec 10, 2019 2:40pm
Quoting Tekin
{quote} ok last sell trial for gbpusd before 1.32 {image}
at the end we are here at 1.32. How will it work lets see
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  • #505,746
  • Dec 10, 2019 2:46pm Dec 10, 2019 2:46pm
Has the MRP Yogov report been leaked today as the report at 27? Been tracking the news today but not found any "retail" leaks
  • #505,747
  • Dec 10, 2019 2:57pm Dec 10, 2019 2:57pm
Quoting krst8
Has the MRP Yogov report been leaked today as the report at 27? Been tracking the news today but not found any "retail" leaks
That poll is out at 2200 gmt...approximately after an hour time..
sell strength in falling markets, and buy weakness in rising markets.
  • #505,748
  • Dec 10, 2019 4:05pm Dec 10, 2019 4:05pm
As predicted the pullback was massive, i enjoyed 60pips
  • #505,749
  • Dec 10, 2019 4:09pm Dec 10, 2019 4:09pm
GBP gap down for new day...
sell strength in falling markets, and buy weakness in rising markets.
  • #505,750
  • Dec 10, 2019 4:10pm Dec 10, 2019 4:10pm
Quoting Tekin
{quote} at the end we are here at 1.32. How will it work lets see {image}
Fantastic first move i like it i closed many
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  • #505,751
  • Dec 10, 2019 4:19pm Dec 10, 2019 4:19pm
Quoting PandaTradeFx
Also entered in a Buy position 1.31417 Stop-loss 1.31260 Take-Profit: Open {image}
Could close this trade almost at max price=)
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  • #505,752
  • Dec 10, 2019 4:21pm Dec 10, 2019 4:21pm
Haha
classic brits. Lemme tell you what will happen on Election Day. Millennial will vote in huge numbers that never was seen before and conservative will not get the majority, or even there’s a chance they will lose.
  • #505,753
  • Dec 10, 2019 4:28pm Dec 10, 2019 4:28pm
Quoting Coreg2004
Arshamv, on my chart TA, works perfectly... {image}
I hope that it always work for you perfectlyBut does it forecast such a 80 pip pull back in 10 mintues?Believe me ,it is a dirty games for now
  • #505,754
  • Dec 10, 2019 4:31pm Dec 10, 2019 4:31pm
Quoting Tekin
{quote} Fantastic first move i like it i closed many {image}
Closed everything 100 pips in 3 hours enough
  • #505,755
  • Dec 10, 2019 4:32pm Dec 10, 2019 4:32pm
Quoting Arshamv
{quote} I hope that it always work for you perfectlyBut does it forecast such a 80 pip pull back in 10 mintues?Believe me ,it is a dirty games for now
for me it does very very well..
  • #505,756
  • Dec 10, 2019 4:41pm Dec 10, 2019 4:41pm
Quoting Arshamv
{quote} I hope that it always work for you perfectlyBut does it forecast such a 80 pip pull back in 10 mintues?Believe me ,it is a dirty games for now
For sure yes! Last yougov MRP report the 27 the market skyrocket and the week after we get a huge breakout upwards of several 100 pips. The results now again (which may say nothing!!) says that supprise supprise , we are back to square one 2 weeks ago. The election is not decided.


(i am not trying to be funny, i closed my shorts tonight after the first move of 30 pips earlier in the evening so missed 70 pips myself so missed out:-( )

The JPY lost about 0.8% during the day towards GBP based on nothing, so just logical when this news come out that it drops down to zero...

= to trade GBP right now is gamble on longer timeframes?!? :-)
  • #505,757
  • Dec 10, 2019 4:43pm Dec 10, 2019 4:43pm
I went to sleep at minus 70 pips, and woke up to plus 40 pips( i am out 1.31081) . The drop has finally arrived.
How much can you resist gravity , mister s** of a b***h ?
let's play some shorts
The drop is finally here
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yes yes yes
  • #505,758
  • Dec 10, 2019 4:48pm Dec 10, 2019 4:48pm
Quoting Arshamv
{quote} I hope that it always work for you perfectlyBut does it forecast such a 80 pip pull back in 10 mintues?Believe me ,it is a dirty games for now
coreg is a wave artist..
this morning first i was a little wrong, expectet a small down move but in the end i've got the train north..

i hope coreg took the short
  • #505,759
  • Dec 10, 2019 4:49pm Dec 10, 2019 4:49pm
Quoting Moty
I went to sleep at minus 70 pips, and woke up to plus ( i am out ( 1.31081) 40 pips . The drop has finally arrived. How much can you resist gravity , mister s** of a b***h ? let's play some short The drop is finally here {image} {image}
You really "believe" moty there is a bigger drop now before the election? Back to before 3 december?
  • #505,760
  • Dec 10, 2019 4:52pm Dec 10, 2019 4:52pm
Quoting moonrider
{quote} still holding your short?
yes, but will be closing shortly.
Intraday only.
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