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Cable Update (GBPUSD)

  • #507,421
  • Jan 2, 2020 12:37am Jan 2, 2020 12:37am
Quoting NieFenG999
{quote} Melbourne.... I just remember Crown....
Awesome, good time at Crown??
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  • #507,422
  • Jan 2, 2020 12:39am Jan 2, 2020 12:39am
Quoting HaLBot
{quote} Awesome, good time at Crown??
Just win 2000 AUD dollar last time go there from baccarat.... Hohoho....
  • #507,423
  • Jan 2, 2020 12:50am Jan 2, 2020 12:50am
Price just bouncing between the daily and the monthly pivot atm.
I agree with you Knkie, a H1 close in the 20s can lead to further upside.
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  • #507,424
  • Jan 2, 2020 1:09am Jan 2, 2020 1:09am
Quoting fxmars
Price just bouncing between the daily and the monthly pivot atm. I agree with you Knkie, a H1 close in the 20s can lead to further upside. {image}
Hi fxmars, where do you get your DP from, work it out yourself or from another source?

I use this site and says DP is 3256...
https://www.actionforex.com/markets/pivot-points/
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  • #507,425
  • Jan 2, 2020 1:27am Jan 2, 2020 1:27am
the only data before fomc is coming now
  • #507,426
  • Edited 1:46am Jan 2, 2020 1:36am | Edited 1:46am
A quick short in at 1.3217 added to short 3218
Don't trade what you think. Just what you see!!!
  • #507,427
  • Jan 2, 2020 1:47am Jan 2, 2020 1:47am
Quoting HaLBot
{quote} Hi fxmars, where do you get your DP from, work it out yourself or from another source? I use this site and says DP is 3256... https://www.actionforex.com/markets/pivot-points/
yeah, you're right, my bad
  • #507,428
  • Jan 2, 2020 1:52am Jan 2, 2020 1:52am
Quoting fxmars
{quote} yeah, you're right, my bad
Definitely strong support at 3200 though...
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  • #507,429
  • Jan 2, 2020 1:54am Jan 2, 2020 1:54am
Quoting Theoak
A quick short in at 1.3217 added to short 3218
out 6.5 pips
Don't trade what you think. Just what you see!!!
  • #507,430
  • Jan 2, 2020 1:59am Jan 2, 2020 1:59am
Quoting HaLBot
{quote} Definitely strong support at 3200 though...
Yes. This auto-pivot indicator painted the wrong DP level probably because of the time gap after new year's.
But funnily enough, I took three profitable trades off this level, ignorant of the fact that it was a fake pivot level
  • #507,431
  • Jan 2, 2020 2:00am Jan 2, 2020 2:00am
Quoting Theoak
{quote} out 6.5 pips
long in at 1.3213
Don't trade what you think. Just what you see!!!
  • #507,432
  • Jan 2, 2020 2:01am Jan 2, 2020 2:01am
Quoting Moty
{image}
Some Moty magic there, topped out @ 3230 but will it continue south???

https://www.forexfactory.com/attachm...1&d=1577940971
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  • #507,433
  • Jan 2, 2020 2:05am Jan 2, 2020 2:05am
Quoting HaLBot
{quote} Some Moty magic there, topped out @ 3230 but will it continue south??? {image}
His analysis always spot on
  • #507,434
  • Jan 2, 2020 2:08am Jan 2, 2020 2:08am
Quoting Theoak
{quote} long in at 1.3213
out loss 4 pips
Don't trade what you think. Just what you see!!!
  • #507,435
  • Jan 2, 2020 2:12am Jan 2, 2020 2:12am
no vol..still in holiday mode..
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #507,436
  • Jan 2, 2020 2:43am Jan 2, 2020 2:43am
We need to wait for the breakouts (1.32000 down or 1.32300 up)
  • #507,437
  • Jan 2, 2020 3:07am Jan 2, 2020 3:07am
Quoting Tekin
the only data before fomc is coming now
second try to break
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  • #507,438
  • Jan 2, 2020 3:17am Jan 2, 2020 3:17am
GBPUSD its upside movement from 1.2905 to as high as 1.3284. As long as the price is above the rising trend line, the upside movement could be to continue and next target would be at 1.3400 area, only break below the trend line support could signal completion of the uptrend.

Attached Image
  • #507,439
  • Jan 2, 2020 3:29am Jan 2, 2020 3:29am
Quoting frinze
We need to wait for the breakouts (1.32000 down or 1.32300 up)
& Off we go hippie
  • #507,440
  • Jan 2, 2020 3:43am Jan 2, 2020 3:43am
Quoting Mtsai
{quote} & Off we go hippie
For short term sell trend to continue we need it to break lower than 3190...I have 3150 as TP...Do own analysis

Guess the concern for Euro & Pound traders is will FOMC minutes be hawkish or Dovish plus low volume holiday trading...
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