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Cable Update (GBPUSD)

  • #506,701
  • Dec 18, 2019 2:44am Dec 18, 2019 2:44am
Quoting yenyen
no data, no news, and nothing to make it up we will going down today, waiting GU 1.29 GJ 1.40
please be vigilant
H1 & M30 are showing reversal signs.
But this could easily fall south again.
Just be careful
in wondering about yourself, you forgot what you came here to be part of
  • #506,702
  • Edited 2:59am Dec 18, 2019 2:46am | Edited 2:59am
Overall trend is bullish and this is a retrace although it might well turn into a bearish situation and today for more upside we need a clear break above 3130 in my opinion...
3120 p.o.c (point of control) sellers coming in to push this down, long wick on hourly now , I'm hoping we get a decent rally to 3190 DP, not betting on it though...
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Don't Leave Money on the Table
  • #506,703
  • Dec 18, 2019 2:52am Dec 18, 2019 2:52am
short in at 1.3101 target 1.3087
Don't trade what you think. Just what you see!!!
  • #506,704
  • Dec 18, 2019 3:05am Dec 18, 2019 3:05am
Either 1.3062 to 1.3183, or
1.3183 to 1.2935
Whichever comes first.
Lost....
  • #506,705
  • Dec 18, 2019 3:12am Dec 18, 2019 3:12am
I'm staying short, this trend line on H4 suggests the bulls are struggling. The CPI data due shortly will either point to a continuation or reversal.
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Charts don't drive price, market conditions drive price...
  • #506,706
  • Dec 18, 2019 3:24am Dec 18, 2019 3:24am
Data @ bottom of the hour might set direction until NY session
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Don't Leave Money on the Table
  • #506,707
  • Edited 3:44am Dec 18, 2019 3:33am | Edited 3:44am
Quoting Theoak
short in at 1.3101 target 1.3087
flipped out 11 pip loss

long in at 1.3113

out + 5 pips . this could turn

out +2 pips. this could turn
Don't trade what you think. Just what you see!!!
  • #506,708
  • Dec 18, 2019 3:37am Dec 18, 2019 3:37am
Quoting Theoak
{quote} flipped out 11 pip loss long in at 1.3113 out + 5 pips . this could turn
I think it will work its way through

long in at 1.3117
Don't trade what you think. Just what you see!!!
  • #506,709
  • Dec 18, 2019 3:41am Dec 18, 2019 3:41am
testing the waters

buy 3119
30 pip target
m5 & m30

edit: pulled the trigger at a bad level.
Im killing this with -2 and waiting for a better entry.
in wondering about yourself, you forgot what you came here to be part of
  • #506,710
  • Dec 18, 2019 3:54am Dec 18, 2019 3:54am
guys .. today is account killer on gbpusd .. be patient .

There is no solid breakout of the open range high

price on 30 min has no trend and no real buying power or selling power
15 min trend is flat intraday ... zero trend .

so far a day to sit on hands and do nothing.

3050 breaks on a daily chart we have a daily reversal to downside
Blogging daily now at www.volume.zone
  • #506,711
  • Dec 18, 2019 4:06am Dec 18, 2019 4:06am
Quoting malcolmb14
guys .. today is account killer on gbpusd .. be patient . There is no solid breakout of the open range high price on 30 min has no trend and no real buying power or selling power 15 min trend is flat intraday ... zero trend . so far a day to sit on hands and do nothing. 3050 breaks on a daily chart we have a daily reversal to downside
Agree. This is just trending sideways at the moment with no defined hi-lo levels.
Trade it if you have trend indicators such as COG. Otherwise, stay put and wait.
Lost....
  • #506,712
  • Dec 18, 2019 4:17am Dec 18, 2019 4:17am
for me no more trades this year!!

merry christmas!!!!
  • #506,713
  • Dec 18, 2019 4:18am Dec 18, 2019 4:18am
Your looking at a swing already ,
the issue of Brexit has been accelerated to now by Boris making a law on the leave date
rather than later
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #506,714
  • Dec 18, 2019 4:20am Dec 18, 2019 4:20am
Quoting gespiri
{quote} trending sideways .....Trade it if you have trend indicators such as COG..
trending sideways is a contradiction in terms.
Using a trend indicator in a ranging situation is a no-no.
in wondering about yourself, you forgot what you came here to be part of
  • #506,715
  • Dec 18, 2019 4:23am Dec 18, 2019 4:23am
Short 3104, SL 3125. It's like the bears are resuming their song. M5 average has fallen and so, the bulls now have their hands full
  • #506,716
  • Dec 18, 2019 4:24am Dec 18, 2019 4:24am
Solution for now is pending order. Up and down

SL and TP... See you for today
  • #506,717
  • Dec 18, 2019 4:25am Dec 18, 2019 4:25am
deciding hours. i was especting to north but seems like it will go to 1.2919
  • #506,718
  • Dec 18, 2019 4:26am Dec 18, 2019 4:26am
the upper wick on that bullish candle is 180 pips on mine ,
the red d1 is confirmation ,
Unless today can change the weekly ,seems unlikely

its evening star ,and a firm top already
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #506,719
  • Dec 18, 2019 4:28am Dec 18, 2019 4:28am
Quoting Tekin
deciding hours. i was especting to north but seems like it will go to 1.2919
Its under ma at m15 h1 and h4 and daily ma sits at that level and already fibo61.8
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  • #506,720
  • Dec 18, 2019 4:45am Dec 18, 2019 4:45am
Quoting Bones
the upper wick on that bullish candle is 180 pips on mine , the red d1 is confirmation , Unless today can change the weekly ,seems unlikely its evening star ,and a firm top already {image}
today m30 is slightly bullish. The close of today will be above 3130. With the system I have, It tested 4hr lines at 3071
Intraday only.
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