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Cable Update (GBPUSD)

  • #507,821
  • Jan 7, 2020 8:25am Jan 7, 2020 8:25am
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yes yes yes
  • #507,822
  • Jan 7, 2020 8:26am Jan 7, 2020 8:26am
Quoting Bydyke
{quote} Different strokes for different people. You trade waves and so the H1 bullish engulfer may not mean much to you. For today, it is not likely that the bears will finish on top. We might have seen the low of the day at 3094
I wish you well, I only trade in the direction of my bigger structure, for me buying now is counter-trend trading, which I don't do.

Guz
Charts don't drive price, market conditions drive price...
  • #507,823
  • Jan 7, 2020 8:30am Jan 7, 2020 8:30am
Quoting Moty
{image}
ckckckck

still hold?

it's very hurt for 1.29
  • #507,824
  • Jan 7, 2020 8:35am Jan 7, 2020 8:35am
Quoting Moty
{image}
don't believe your indicator believe market FEAR
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  • #507,825
  • Jan 7, 2020 8:38am Jan 7, 2020 8:38am
Quoting navk
{quote} I am always right. ( One should not have ego in FX trading )
lol
Pip Goes The Weasel
  • #507,826
  • Jan 7, 2020 8:45am Jan 7, 2020 8:45am
I bought GBPUSD just now at 1.3113

I believe the correction didn't end yet

we still have one more high probably around 1.3380 from there I will start shorting to target below 1.2900

STOPLOSS daily candle close below 1.3090
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  • #507,827
  • Jan 7, 2020 8:46am Jan 7, 2020 8:46am
H1
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  • #507,828
  • Jan 7, 2020 8:46am Jan 7, 2020 8:46am
I am estimating that price will go back to around 1.319 level tomorrow before dropping further, will see what happens.
  • #507,829
  • Jan 7, 2020 8:47am Jan 7, 2020 8:47am
Don't try buy at home
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  • #507,830
  • Jan 7, 2020 8:49am Jan 7, 2020 8:49am
The bulls have recaptured the M5 average. Let's see how much ammunition they have left
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  • #507,831
  • Jan 7, 2020 8:54am Jan 7, 2020 8:54am
Quoting Guztro
{quote} I wish you well, I only trade in the direction of my bigger structure, for me buying now is counter-trend trading, which I don't do. Guz

I wish you well too. All that is important is for all of us in this forum particularly, to reck in the pips always
  • #507,832
  • Jan 7, 2020 8:59am Jan 7, 2020 8:59am
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yes yes yes
  • #507,833
  • Jan 7, 2020 9:04am Jan 7, 2020 9:04am
Quoting Moty
{image}{image}
NO US-IRAN WAR
BREXIT FEAR
BAD UK economic data

NO REASON for $ Down , and bullshit for GBP UP

and friday NFP prediction better.. and buy dollar coming
  • #507,834
  • Jan 7, 2020 9:13am Jan 7, 2020 9:13am
Bears come soon!!!
  • #507,835
  • Jan 7, 2020 10:08am Jan 7, 2020 10:08am
Quoting 19monza64
{quote} buy {image}
close +28 pips
  • #507,836
  • Jan 7, 2020 10:21am Jan 7, 2020 10:21am
Quoting Jeremy1998
Bears come soon!!!
IT'S BULLS TIME NOW
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yes yes yes
  • #507,837
  • Edited 10:39am Jan 7, 2020 10:25am | Edited 10:39am
Quoting knkie
{quote} SL @ BE... i have to go out so i will just let this ride now. Either even or 28 pips... ttyl
broke even on this...

BUY 3131
18 pip target
edit: 28 pip trgt
in wondering about yourself, you forgot what you came here to be part of
  • #507,838
  • Jan 7, 2020 10:36am Jan 7, 2020 10:36am
can someone explain/tips how the GBPJPY pair works?

In the morning it follow the GBP data linked to the dollar, in the afternoon after the us data it went its own way as USDJPY dropped.

Basically dont get the connection of USDJPY to GBPJPY and the correlation can vary alot!?

but when USD JPY many days drop still the GBP JPY goes upp?!?!
  • #507,839
  • Jan 7, 2020 10:43am Jan 7, 2020 10:43am
Quoting knkie
{quote} broke even on this... BUY 3131 18 pip target edit: 28 pip trgt
Break Even

thought it was worth a fade but it looks like M30 is about to start a down move.
getting ready to short again.
in wondering about yourself, you forgot what you came here to be part of
  • #507,840
  • Jan 7, 2020 11:06am Jan 7, 2020 11:06am
SELL 3122
40 pip target

m30 frame
in wondering about yourself, you forgot what you came here to be part of
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