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Cable Update (GBPUSD)

  • #509,021
  • Jan 17, 2020 8:37am Jan 17, 2020 8:37am
What about today?? BUY or SELL?
  • #509,022
  • Jan 17, 2020 8:43am Jan 17, 2020 8:43am
after checking the charts:
H4

long 1.3040 sl 1.3020
nice RR
next number to watch 1.3160

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  • #509,023
  • Jan 17, 2020 8:56am Jan 17, 2020 8:56am
Quoting thevisitor
after checking the charts: H4 long 1.3040 sl 1.3020 nice RR next number to watch 1.3160 {image}
hey TV
i was about to go long again too and then price started dropping.

scalping short from 3032
just 8-10 pips
then perhaps price will have found its support
in wondering about yourself, you forgot what you came here to be part of
  • #509,024
  • Jan 17, 2020 9:00am Jan 17, 2020 9:00am
Quoting Almo2312
Sold at 1.3060 tp 40 pips
took 30pp and done

nice weekend all
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #509,025
  • Jan 17, 2020 9:03am Jan 17, 2020 9:03am
so just waiting for 3025 breaks & hold to continue ,
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #509,026
  • Jan 17, 2020 9:03am Jan 17, 2020 9:03am
Quoting knkie
{quote} hey TV i was about to go long again too and then price started dropping. scalping short from 3032 just 8-10 pips then perhaps price will have found its support
yes knkie,
my trade with this tight sl is not risky for me.
maybe get hit...trading my plan and only if it runs back to top we have a good RR
  • #509,027
  • Jan 17, 2020 9:04am Jan 17, 2020 9:04am
drop is in the air
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yes yes yes
  • #509,028
  • Jan 17, 2020 9:06am Jan 17, 2020 9:06am
Quoting knkie
{quote} hey TV i was about to go long again too and then price started dropping. scalping short from 3032 just 8-10 pips then perhaps price will have found its support
Long now is less risky knkie.

Guz
Charts don't drive price, market conditions drive price...
  • #509,029
  • Jan 17, 2020 9:09am Jan 17, 2020 9:09am
Quoting Tekin
{quote} my intraday prediction for today {image}
according to this plan i start buying from 1.3030
  • #509,030
  • Jan 17, 2020 9:18am Jan 17, 2020 9:18am
Quoting Guztro
{quote} Long now is less risky knkie. Guz
hey Guz
i agree, ive been eyeing longs all day.
But if new information comes my way i have to consider it.
Price has fallen past most of my red lines.
3023 is the final support i have.

anyways i took 5 pips on the scalp.
Im gonna sidelne for now.
I have a feeling H4 is going to have to make a LH-HL first to go up again.
which wont happen today.

Might as well go to yoga
in wondering about yourself, you forgot what you came here to be part of
  • #509,031
  • Jan 17, 2020 9:24am Jan 17, 2020 9:24am
Quoting knkie
{quote} hey Guz i agree, ive been eyeing longs all day. But if new information comes my way i have to consider it. Price has fallen past most of my red lines. 3023 is the final support i have. anyways i took 5 pips on the scalp. Im gonna sidelne for now. I have a feeling H4 is going to have to make a LH-HL first to go up again. which wont happen today. Might as well go to yoga
Yoga. Enjoy the weekend!

Guz
Charts don't drive price, market conditions drive price...
  • #509,032
  • Jan 17, 2020 9:24am Jan 17, 2020 9:24am
Quoting knkie
{quote} hey Guz i agree, ive been eyeing longs all day. But if new information comes my way i have to consider it. Price has fallen past most of my red lines. 3023 is the final support i have. anyways i took 5 pips on the scalp. Im gonna sidelne for now. I have a feeling H4 is going to have to make a LH-HL first to go up again. which wont happen today. Might as well go to yoga
I think if anything, this will probably go to 1.288 - 1.291. Let's see....
Lost....
  • #509,033
  • Jan 17, 2020 9:28am Jan 17, 2020 9:28am
good weekend all
trade safe
in wondering about yourself, you forgot what you came here to be part of
  • #509,034
  • Jan 17, 2020 9:40am Jan 17, 2020 9:40am
Quoting Tekin
{quote} according to this plan i start buying from 1.3030
Have you startedd buying?
  • #509,035
  • Edited 10:37am Jan 17, 2020 9:51am | Edited 10:37am
Quoting gespiri
{quote} I think if anything, this will probably go to 1.288 - 1.291. Let's see....
I just entered my last trade for the day, long with TP 1.3080
Charts don't drive price, market conditions drive price...
  • #509,036
  • Jan 17, 2020 9:53am Jan 17, 2020 9:53am
Looks like the bears are starting to take some profit.
It's a sport, an artform and a science.
  • #509,037
  • Jan 17, 2020 10:00am Jan 17, 2020 10:00am
Quoting krst8
Beeing an ichimoku fan.. we are still again stuck at the edge of the daily cloud today... if we break the daily, we will put the weekly and the .2800 levels at risk. This is the third day we are stuck at these levels. Believe we will be stuck around these levels for some more days... but if we will climb out of it until friday and 1.32 or start breaking it... that will be up to the market ... holding short at about 1.3... i think we will make some burst below down to 2900 levels, but i am wishing of a long trade which cant be given until end of...
Still holding (naive) a bearish outlook longterm.


After the decline today we are getting into the middle of the daily ichimoku cloud. The chance for breaking the cloud downward is increasing. The distance to the top of the cloud now also has increased so hard to “spike” out.

The decline of today was important, as the lagging line (white) has crossed a double resistance of tenkan and kijun in the same day. This to me has now open up the space below on the daily chart.

On a higher timeline, weekly, we are also below trend lines, the price is free space below to move down to 2890 levels, to edge of cloud.

On the monthly we are now price wise below the cloud with some space, but as seen today, the lagging line has resistance of the tenkan line which should be a soft resistance, but waiting to cross.

First TP in short to cross to weekly down to 1.2890, and next step, daily at 2860, next down to around 2750 on monthly.
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  • #509,038
  • Jan 17, 2020 10:03am Jan 17, 2020 10:03am
Quoting montygoldy
Just woke up with some green pips...pound hit my long target before reversing {image}
wow, amazing trade.. I was looking at your entry / exit on this one... You bought the range breakout perfectly and exit at the very top ! well done.
  • #509,039
  • Jan 17, 2020 10:17am Jan 17, 2020 10:17am
closed my shorts for the day, gonna call it a week, enjoy the weekends all!
  • #509,040
  • Jan 17, 2020 10:20am Jan 17, 2020 10:20am
Quoting Donaciello
Looks like the bears are starting to take some profit.
how do you differentiate between short profit taking and actual buyers entering the market??
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