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Cable Update (GBPUSD)

  • #506,361
  • Dec 13, 2019 9:42am Dec 13, 2019 9:42am
Quoting Guztro
{quote} Was that the China news that phase one of the trade deal is complete or what?
im terrible at fundamentals
i guess price has to decide what is worth more: the china deal or the UK election?
in wondering about yourself, you forgot what you came here to be part of
  • #506,362
  • Dec 13, 2019 9:50am Dec 13, 2019 9:50am
Quoting knkie
{quote} im terrible at fundamentals i guess price has to decide what is worth more: the china deal or the UK election?
OK. There was news that phase 1 of the China/US trade deal was concluded, I doubt the pound alone would cause this reaction across multiple currencies.

Trade safe.
Guz
Charts don't drive price, market conditions drive price...
  • #506,363
  • Edited 10:31am Dec 13, 2019 9:52am | Edited 10:31am
Channel h1 1.3202,H4--1.3091 i hope this night nobody will do crazy candle till 1.38
  • #506,364
  • Dec 13, 2019 10:28am Dec 13, 2019 10:28am
Quoting knkie
{quote} price is twitching real fast exit buy -15 first bad trade of the day. i think i got the LH-HL count wrong so if its making a LH on M5 this falls further
how can you be buying? market will slowly fall till today ends
  • #506,365
  • Dec 13, 2019 10:45am Dec 13, 2019 10:45am
My take.....
This will probably go up to 1.3428 and down to 1.3183.
I believe we have reached wave 5 last night and is now starting corrective wave A.
Best to watch either 1.3300 and/or 1.34277....wait and see.
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Lost....
  • #506,366
  • Dec 13, 2019 10:47am Dec 13, 2019 10:47am
People that did this candle didnt think about levels why Us should think about levels they close gap
  • #506,367
  • Dec 13, 2019 10:55am Dec 13, 2019 10:55am
Quoting epzero
{quote} how can you be buying? market will slowly fall till today ends
well it hit a support level i have
plus there was m5 price action that was worth a scalp.
I was early but i think price will pull upward some soon.
in wondering about yourself, you forgot what you came here to be part of
  • #506,368
  • Dec 13, 2019 11:01am Dec 13, 2019 11:01am
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yes yes yes
  • #506,369
  • Dec 13, 2019 11:13am Dec 13, 2019 11:13am
Quoting knkie
{quote} well it hit a support level i have plus there was m5 price action that was worth a scalp. I was early but i think price will pull upward some soon.
next time scalp in the direction of the trend rather than against it
  • #506,370
  • Dec 13, 2019 11:15am Dec 13, 2019 11:15am
Quoting Moty
{image}{image}
sorry to say this hour will finish as a sell maybe the next 4h candle can start a buy but Friday it's usually one sided so my best guess is a sell till today ends
  • #506,371
  • Dec 13, 2019 11:18am Dec 13, 2019 11:18am
Quoting epzero
{quote} next time scalp in the direction of the trend rather than against it
dude im dong fine
im not asking for advice.
in wondering about yourself, you forgot what you came here to be part of
  • #506,372
  • Dec 13, 2019 1:06pm Dec 13, 2019 1:06pm
Quoting epzero
{quote} next time scalp in the direction of the trend rather than against it
done 100,80 in trend.20 in contratrend
antimartingale is the best
  • #506,373
  • Dec 13, 2019 1:11pm Dec 13, 2019 1:11pm
M5 average is at 3331 while H1 average is at 3335. Recapture those and the bulls will end the day on a high
  • #506,374
  • Dec 13, 2019 1:25pm Dec 13, 2019 1:25pm
When you think GBP is you friend , And start living trades running
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  • #506,375
  • Dec 13, 2019 2:06pm Dec 13, 2019 2:06pm
Quoting thisara1
When you think GBP is you friend , And start living trades running {image}
Tried trading retracement took a nap woke up in a negative
  • #506,376
  • Dec 13, 2019 2:16pm Dec 13, 2019 2:16pm
All spike up down plays as expected in these areas, price above 3379 is more vulnerable for tanking greatly than down, 3215 limit hold but may fail also next week as eurusd already done, usdx almost recovered and entered over intermediate support again.
https://www.forexfactory.com/showthr...1#post12662541
Next week may more unpredictable but may be less spikes below 3215 or simply start any great failure too.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #506,377
  • Dec 13, 2019 6:18pm Dec 13, 2019 6:18pm
I still have faith in shorts....on Monday i believe we going to kiss that big round number 1.33 thats my tp as well .......
Extreme gut feeling trader
  • #506,378
  • Edited 2:09am Dec 14, 2019 1:32am | Edited 2:09am
Quoting montygoldy
I still have faith in shorts....on Monday i believe we going to kiss that big round number 1.33 thats my tp as well .......
logically ok still > short at at any high as it plays more than projection /it should play within standard price action.ok weekly / monthly bull may go full term swing up, can be done by making any range up extension pattern over 2767 in 2 or more legs !!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #506,379
  • Dec 14, 2019 2:44am Dec 14, 2019 2:44am
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yes yes yes
  • #506,380
  • Dec 14, 2019 7:37am Dec 14, 2019 7:37am
50% retrace of election result move on daily as expected
Didn't take advantage of the retrace due to still being crappy on selling and was coming down with flu all day after price hit 3515. But mostly just crap at selling
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