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Cable Update (GBPUSD)

  • #506,961
  • Dec 20, 2019 9:37am Dec 20, 2019 9:37am
Quoting Coreg2004
{quote} gespiri, it was very weak Wave_4...61.8% of W_2 and 23.6% of W_3...yes GU didn't reach a common level for wave 4 which is 38.2% of W_3 and 100% of W_2 ...Hopefully, for bulls W_5 is in place after such weak retracement. {image}
I think this wave up is 4 and will finish wave 5 at 1.2939.
We'll see.....
Lost....
  • #506,962
  • Dec 20, 2019 9:38am Dec 20, 2019 9:38am
Quoting kuroro001
{quote} Today should be the highest volume day before xmas/year end. There could be surprise i guess I can't see that high, maybe 1.3075/80 with extension to 1.3095/1.3105. Maybe sometime later we could reach 1.3155, but its far from now....lets trade the flow
Out since we touched 1.3075/80

Got another part for the extension 1.3095/1.3105 & 1.3155....but minimal
COT: The precious data ignored
  • #506,963
  • Dec 20, 2019 9:40am Dec 20, 2019 9:40am
i see seller try to sell at this point a lot ..... stand on the edge
  • #506,964
  • Dec 20, 2019 9:45am Dec 20, 2019 9:45am
1hr....might have more room on the upside.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB
Lost....
  • #506,965
  • Dec 20, 2019 9:51am Dec 20, 2019 9:51am
it 's really hard right here 1.30750-80 if it break .... will see only long
  • #506,966
  • Dec 20, 2019 9:52am Dec 20, 2019 9:52am
Quoting FloatingCha
{quote} 5 lots ? really ? hope you are fine
A classic case of "so I go to the king, I perish if I perish"
  • #506,967
  • Dec 20, 2019 9:56am Dec 20, 2019 9:56am
dominated by sellers
  • #506,968
  • Dec 20, 2019 10:00am Dec 20, 2019 10:00am
Quoting FloatingCha
it 's really hard right here 1.30750-80 if it break .... will see only long
Yes, it was a good rejection up there

Support 1.3037/46 i got, for an attempt to reach above 1.3061 and back higher
COT: The precious data ignored
  • #506,969
  • Dec 20, 2019 10:01am Dec 20, 2019 10:01am
well I would say all UK banks traders have already gone on their Xmas hols so not much is going to happen now until the new year.
Pip Goes The Weasel
  • #506,970
  • Dec 20, 2019 10:03am Dec 20, 2019 10:03am
Quoting adrazz
well I would say all UK banks traders have already gone on their Xmas hols so not much is going to happen now until the new year.
someone in this thread don't like your comment for sure ... lol
  • #506,971
  • Dec 20, 2019 10:05am Dec 20, 2019 10:05am
pa within all expectation in risky trader trap setups play , not bad . take care, fontu
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 36 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #506,972
  • Dec 20, 2019 10:07am Dec 20, 2019 10:07am
Quoting gespiri
1hr....might have more room on the upside. {image}
i still think it will try so hard to go test 1.3120 .... psycho point
  • #506,973
  • Dec 20, 2019 10:13am Dec 20, 2019 10:13am
seller quit M5, long for 1.3130

wish me luck
  • #506,974
  • Dec 20, 2019 10:16am Dec 20, 2019 10:16am
Daily shows down if it is its for several days.its only start to show 2 days ago.
  • #506,975
  • Dec 20, 2019 10:20am Dec 20, 2019 10:20am
Quoting viktoriaxz
Daily shows down if it is its for several days
It is important to note that the days between X'mas and New Year's WILL BE DEAD.
However, even though majority of participants have already decided to go on vacation, we still have Monday to move this (HOPEFULLY).
Lost....
  • #506,976
  • Dec 20, 2019 10:20am Dec 20, 2019 10:20am
Quoting yenyen
seller quit M5, long for 1.3130 wish me luck
Dont forget big trend this week
  • #506,977
  • Dec 20, 2019 10:29am Dec 20, 2019 10:29am
PA is stalling at H1 average (3140) but the bullish H1 candle with its long wick is a big hindrance. Will the bears overcome like yesterday? We shall find out soon enough.

If H1 average gives way, then the bears can start whistling
  • #506,978
  • Dec 20, 2019 10:31am Dec 20, 2019 10:31am
Bullish not bullish main direction sell if daily down 12950-129200 h1 i see target now
  • #506,979
  • Dec 20, 2019 11:05am Dec 20, 2019 11:05am
So, the bulls flattered to deceive. H1 average has fallen.

Am waiting for a pull-back to 3040 to go short, if that fails the limit order at 3032 will suffice
  • #506,980
  • Dec 20, 2019 11:11am Dec 20, 2019 11:11am
Quoting FloatingCha
{quote} someone in this thread don't like your comment for sure ... lol
haha
Pip Goes The Weasel
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