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Cable Update (GBPUSD)

  • #508,521
  • Jan 14, 2020 8:26am Jan 14, 2020 8:26am
Quoting Coreg2004
{quote} gespiri, I have the same zone for Gartley completion on the daily chart. If the zone holds the fist target for longs is 1.3085... {image}
Spot on, the H1/H4 correction should end there.

Guz
Charts don't drive price, market conditions drive price...
  • #508,522
  • Jan 14, 2020 8:32am Jan 14, 2020 8:32am
Large option level expiring for EU at 1.1100 in 30 minutes, so I think GU will also stay in a range for now and only move after the expiration, feels like an up move coming to me, but will see what happens, kept the long SL tight just to be on the safe side.
  • #508,523
  • Jan 14, 2020 8:35am Jan 14, 2020 8:35am
Gap is too high target .
My new tp is 1.30330
yes yes yes
  • #508,524
  • Jan 14, 2020 8:37am Jan 14, 2020 8:37am
Quoting Guztro
{quote} We could see D in your ABCD in the next day or two Coreg2004, I'm targeting the exact same level, I just have it as an ABC zigzag up. Trade safe. Guz
Guztro, notice that potential completion of the Bat pattern on the 30M chart coincides with min. target for Gartley on the daily chart (we do not always get to the target but by playing good defense we can come up with something -most of the time)... That's how I trade based on harmonic patterns...ABCD or ABC (EW) is the bread and butter of my trading.
Always trade your own plan...I don't provide trading signals.
  • #508,525
  • Jan 14, 2020 8:38am Jan 14, 2020 8:38am
Quoting Moty
Gap is too high target . My new tp is 1.30330
Exactly my thought process. Good call.
Do or do not, there is no try - Master Yoda
  • #508,526
  • Jan 14, 2020 8:47am Jan 14, 2020 8:47am
Quoting Coreg2004
{quote} Guztro, notice that potential completion of the Bat pattern on the 30M chart coincides with min. target for Gartley on the daily chart (we do not always get to the target but by playing good defense we can come up with something -most of the time)... That's how I trade based on harmonic patterns...ABCD or ABC (EW) is the bread and butter of my trading.
may I add confluence, I use it to confirm key levels as my intraday is basically structure within structure. If this plays out, there's 200+ pips in the complete move.

Guz
Charts don't drive price, market conditions drive price...
  • #508,527
  • Jan 14, 2020 8:50am Jan 14, 2020 8:50am
Quoting Moty
Gap is too high target . My new tp is 1.30330
same tp moty ....... we shall have it
Extreme gut feeling trader
  • #508,528
  • Jan 14, 2020 8:51am Jan 14, 2020 8:51am
Quoting Moty
Gap is too high target . My new tp is 1.30330
Safe play...
Edit: ...but if this was an exhaustion gap, it will be closed
Always trade your own plan...I don't provide trading signals.
  • #508,529
  • Jan 14, 2020 8:54am Jan 14, 2020 8:54am
Needs to smash through 1.3 for it to run
Do or do not, there is no try - Master Yoda
  • #508,530
  • Jan 14, 2020 8:55am Jan 14, 2020 8:55am
What has happen to GU? Should i add more short position?
  • #508,531
  • Jan 14, 2020 8:57am Jan 14, 2020 8:57am
just a scalp
BUY 1.3
12 pip trgt
in wondering about yourself, you forgot what you came here to be part of
  • #508,532
  • Jan 14, 2020 9:00am Jan 14, 2020 9:00am
Quoting Coreg2004
{quote} gespiri, I have the same zone for Gartley completion on the daily chart. If the zone holds the fist target for longs is 1.3085... {image}
That was your previous chart was about on the 30min?
I guess the question will be which level will get hit first.
Lost....
  • #508,533
  • Jan 14, 2020 9:00am Jan 14, 2020 9:00am
Quoting knkie
just a scalp BUY 1.3 12 pip trgt
good for scalp... :v
  • #508,534
  • Jan 14, 2020 9:01am Jan 14, 2020 9:01am
Quoting Guztro
{quote} may I add confluence, I use it to confirm key levels as my intraday is basically structure within structure. If this plays out, there's 200+ pips in the complete move. Guz
Guztro, it seems I've graduated from the same school...
Attached Image (click to enlarge)
Click to Enlarge Name: GU.01.14.daily.b.png Size: 122 KB
Always trade your own plan...I don't provide trading signals.
  • #508,535
  • Jan 14, 2020 9:05am Jan 14, 2020 9:05am
strong rejection at the previous top usdx but retest likely next to decide , take care
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #508,536
  • Jan 14, 2020 9:15am Jan 14, 2020 9:15am
IM long right now..
  • #508,537
  • Jan 14, 2020 9:17am Jan 14, 2020 9:17am
timberrr....
but which way?
just for a cup of coffee...
  • #508,538
  • Jan 14, 2020 9:24am Jan 14, 2020 9:24am
Quoting akim0895
timberrr.... but which way?
lol
can a tree timber upward?

btw: im not trusting this up move at all.
Day pressure is large.
I have a feeling traders are being sucked into this.
in wondering about yourself, you forgot what you came here to be part of
  • #508,539
  • Jan 14, 2020 9:27am Jan 14, 2020 9:27am
Quoting knkie
{quote} lol can a tree timber upward? btw: im not trusting this up move at all. Day pressure is large. I have a feeling traders are being sucked into this.
just for a cup of coffee...
  • #508,540
  • Jan 14, 2020 9:31am Jan 14, 2020 9:31am
Quoting gespiri
{quote} That was your previous chart was about on the 30min? I guess the question will be which level will get hit first.
gespiri, multi-timeframe analysis...lower time frame (30M chart) confirms direction on higher time frame (daily chart)...until I am proven wrong...It's the trader's discretion where to take profit?... or do you want to sit through retracement hopping that market goes higher? My set up chart is 30M and I trade most of the time during the NY session so my targets are 25-30 pips unless I am lucky to get into the trade at the beginning of W_3 wave (the most powerful wave)...but all of this should be in the trading plan. Good luck with your trading.
Always trade your own plan...I don't provide trading signals.
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