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Cable Update (GBPUSD)

  • #507,981
  • Jan 8, 2020 11:09am Jan 8, 2020 11:09am
Quoting knkie
yeah now there is down pressure SELL 3102 25 pip target
Careful knkie, the bulls are wrestling for control of the H4.
Charts don't drive price, market conditions drive price...
  • #507,982
  • Jan 8, 2020 11:36am Jan 8, 2020 11:36am
i am out .
gain only 25 pips from all the movement today
Attached Image (click to enlarge)
Click to Enlarge Name: gu15.png Size: 25 KB
yes yes yes
  • #507,983
  • Jan 8, 2020 11:47am Jan 8, 2020 11:47am
Quoting Moty
i am out . gain only 25 pips from all the movement today {image}
The bright side of this is that you had a positive trading session.
Risk Management is of utmost importance!
  • #507,984
  • Jan 8, 2020 11:48am Jan 8, 2020 11:48am
Go up! Ready
I play the trade gamble to feed my Porsche addiction.
  • #507,985
  • Jan 8, 2020 12:15pm Jan 8, 2020 12:15pm
Quoting Guztro
{quote} 42 pips , your exit was a good call.
Thank you
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #507,986
  • Jan 8, 2020 1:49pm Jan 8, 2020 1:49pm
I wouldn't be surprised if we break this resistance and soon be above 1.34
  • #507,987
  • Jan 8, 2020 9:44pm Jan 8, 2020 9:44pm
still i am holding my longs, opened in NY session close.
Intraday only.
  • #507,988
  • Jan 8, 2020 10:11pm Jan 8, 2020 10:11pm
Quoting navk
still i am holding my longs, opened in NY session close.
Hi Nav,

With you on that.. It's Thursday and it's reversal day I would like to think?
If things goes right, my first target would be 1.3512 then second 1.4349

Let's see how far this goes..
Stay Well
  • #507,989
  • Jan 8, 2020 10:14pm Jan 8, 2020 10:14pm
Now that PA has got to Aki's upper EMA 5 band on H4 (3122) or indeed H4 average (3120), the descent can now start.

It's like GU will behave better today as it is setting the tone early. If the bulls surmount 3122, we are up but fail and we are south-bound.
Attached Image (click to enlarge)
Click to Enlarge Name: GU H4 0901.png Size: 23 KB
  • #507,990
  • Jan 8, 2020 10:27pm Jan 8, 2020 10:27pm
sticky....waiting for a clue...
Attached Image (click to enlarge)
Click to Enlarge Name: bp.png Size: 75 KB
Look Sharp/Trade Tight
  • #507,991
  • Edited 10:55pm Jan 8, 2020 10:28pm | Edited 10:55pm
again short .
sl above weekly pivot 1.31400
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eg.png Size: 26 KB
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Click to Enlarge Name: gu15.png Size: 37 KB
yes yes yes
  • #507,992
  • Jan 8, 2020 10:40pm Jan 8, 2020 10:40pm
Quoting PayTheLimit
sticky....waiting for a clue... {image}

The picture will become clearer at the close of H4 and that will be in London session.

Meanwhile, I have shorted at 3120 for the 10 pips that Aki's band is guaranteeing.

Correction: the lower band is at 3100 and so, the target is 20 pips and not 10 pips. We've already done 10 pips
  • #507,993
  • Jan 8, 2020 10:53pm Jan 8, 2020 10:53pm
Going to look for shorts on pullbacks, i think 1.3050 level will be tested today
  • #507,994
  • Jan 8, 2020 11:11pm Jan 8, 2020 11:11pm
Quoting Han2019
Going to look for shorts on pullbacks, i think 1.3050 level will be tested today
yes my friend .
The triangle is already broken down
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GUh1.png Size: 27 KB
Click to Enlarge Name: gu15.png Size: 29 KB
yes yes yes
  • #507,995
  • Jan 8, 2020 11:19pm Jan 8, 2020 11:19pm
short 1.3108 target 1.3093
Don't trade what you think. Just what you see!!!
  • #507,996
  • Jan 8, 2020 11:34pm Jan 8, 2020 11:34pm
Still looking for buys at 1.3000
Pip Goes The Weasel
  • #507,997
  • Jan 8, 2020 11:42pm Jan 8, 2020 11:42pm
Quoting Guztro
{quote} Careful knkie, the bulls are wrestling for control of the H4.
agreed Guztro
H1 finding support too

I wont take any trades until the H4 mess is resolved !
in wondering about yourself, you forgot what you came here to be part of
  • #507,998
  • Jan 9, 2020 12:09am Jan 9, 2020 12:09am
Quoting Bydyke
{quote} The picture will become clearer at the close of H4 and that will be in London session. Meanwhile, I have shorted at 3120 for the 10 pips that Aki's band is guaranteeing. Correction: the lower band is at 3100 and so, the target is 20 pips and not 10 pips. We've already done 10 pips
Exited at 3095. Thanks Aki.

Now let's see what happens from here. It's like the bears mean business
  • #507,999
  • Jan 9, 2020 12:10am Jan 9, 2020 12:10am
Quoting Theoak
short 1.3108 target 1.3093
Hit target taken profit

See what happen here now!!! From experience this will motor down,
Don't trade what you think. Just what you see!!!
  • #508,000
  • Jan 9, 2020 12:17am Jan 9, 2020 12:17am
Quoting Theoak
{quote} Hit target taken profit See what happen here now!!! From experience this will motor down,
This has retraced -

I'm going short again in at 1.3101 - First target the previous 5 min lows (1.3092)

2nd entry 1.3104
Don't trade what you think. Just what you see!!!
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