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Cable Update (GBPUSD)

  • #509,181
  • Jan 20, 2020 12:25pm Jan 20, 2020 12:25pm
GBP looks dead in the water today, similair to most other currencies.
With a US bank holiday and no news of any impact, this was to be expected.

So for the scalpers here, is it not smarter to wait until there is some volatility from the JPY some hours from now and be sidelined until then?
It's a sport, an artform and a science.
  • #509,182
  • Jan 20, 2020 12:44pm Jan 20, 2020 12:44pm
Quoting Donaciello
GBP looks dead in the water today, similair to most other currencies. With a US bank holiday and no news of any impact, this was to be expected. So for the scalpers here, is it not smarter to wait until there is some volatility from the JPY some hours from now and be sidelined until then?
a 3 pip range for the past 30 minutes lol
in wondering about yourself, you forgot what you came here to be part of
  • #509,183
  • Edited 1:35pm Jan 20, 2020 12:59pm | Edited 1:35pm
I am holding my friday longs.... so many chances to close at break even... but i have locked my balls in steel box... no more switching sides....... i won’t close them until it hit my tp... either i make it or margin call
Extreme gut feeling trader
  • #509,184
  • Jan 20, 2020 1:00pm Jan 20, 2020 1:00pm
Quoting knkie
{quote} a 3 pip range for the past 30 minutes lol
That's rougly the spread I'm charged at my broker, so there's no scalping that.
I'm quite confident however that once the BOJ's policy statement and outlook report hit a couple of hours from now, there will be enough volatilty for the scalpers to make some moves.

For now, stay safely sidelined and try to resist the temptation of boredom trading.
It's a sport, an artform and a science.
  • #509,185
  • Jan 20, 2020 2:42pm Jan 20, 2020 2:42pm
Price is back where it closed onfriday..... hoping for some long action.....30-40 pips...tomorrow maybe...
Extreme gut feeling trader
  • #509,186
  • Jan 20, 2020 4:46pm Jan 20, 2020 4:46pm
Attached Image (click to enlarge)
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yes yes yes
  • #509,187
  • Jan 20, 2020 5:23pm Jan 20, 2020 5:23pm
Quoting montygoldy
I am holding my friday longs.... so many chances to close at break even... but i have locked my balls in steel box... no more switching sides....... i won’t close them until it hit my tp... either i make it or margin call
Mad respect my man haha Don't get margin called though my dude, trade safe! Hoping for some long action tomorrow too so let's get this bread
Do or do not, there is no try - Master Yoda
  • #509,188
  • Jan 20, 2020 5:42pm Jan 20, 2020 5:42pm
the price has closed above pivot. I would expect to go long today. I will watch out action at s1 or pivot.
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Intraday only.
  • #509,189
  • Edited 10:22pm Jan 20, 2020 10:02pm | Edited 10:22pm
Usdx bull very intact but may needed a correction towards 97, even 97.26 may do for further up, a trader trap running down apparently, so i will wait it finish to restart the bull here, short for others. Take care
Similarly gbousd may start tanking as low as 3044.
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #509,190
  • Jan 20, 2020 11:18pm Jan 20, 2020 11:18pm
Quoting BenWarburton
{quote} Mad respect my man haha Don't get margin called though my dude, trade safe! Hoping for some long action tomorrow too so let's get this bread
Finally some bull action........i want more more....
Extreme gut feeling trader
  • #509,191
  • Jan 20, 2020 11:21pm Jan 20, 2020 11:21pm
Quoting montygoldy
{quote} Finally some bull action........i want more more....
Still waiting for bull action. Its my analysis.
  • #509,192
  • Edited 11:54pm Jan 20, 2020 11:36pm | Edited 11:54pm
even present level of around 3030 ( 24 ) may stop the bull & tank , waiting for the reaction.

anyway my interest in gold now as test 1569 to have good signal at 1562.65 and conformation 1559.90
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #509,193
  • Jan 20, 2020 11:40pm Jan 20, 2020 11:40pm
there will be reaction at 3046
Intraday only.
  • #509,194
  • Jan 20, 2020 11:45pm Jan 20, 2020 11:45pm
my plan for today sell from 1.3026 to 1.2858 or whereever it can drop lets see whats gonna happen
  • #509,195
  • Jan 20, 2020 11:51pm Jan 20, 2020 11:51pm
I'm afraid this CABLE price will persist for many weeks before a corner breaks it out to 1.35 (quote 1.301). It may be a perfect opportunity to buy if it approaches 1.27.
Count Of Antwerp
  • #509,196
  • Jan 21, 2020 12:18am Jan 21, 2020 12:18am
Quoting Tekin
my plan for today sell from 1.3026 to 1.2858 or whereever it can drop lets see whats gonna happen
IT did look to me like that was where CABLE was immediately headed within the upcoming 10-20 days.
Count Of Antwerp
  • #509,197
  • Jan 21, 2020 12:23am Jan 21, 2020 12:23am
Quoting countaccrue
I'm afraid this CABLE price will persist for many weeks before a corner breaks it out to 1.35 (quote 1.301). It may be a perfect opportunity to buy if it approaches 1.27.
ok but that level was yearly open last year & there was a recent yearly doji & hence may go further down to cover 50% doji / lower wick towards 2500 or low to back BULL of the year! 2767 next signal to swing towards upto previous bottom!!lets see
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 41 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #509,198
  • Jan 21, 2020 12:52am Jan 21, 2020 12:52am
So at the end, they went to the 50 SMA
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yes yes yes
  • #509,199
  • Jan 21, 2020 12:58am Jan 21, 2020 12:58am
Now Harry has finally left the UK GBP can go up again..
Buying above 1.3010
in wondering about yourself, you forgot what you came here to be part of
  • #509,200
  • Jan 21, 2020 12:59am Jan 21, 2020 12:59am
Quoting knkie
Now Harry has finally left the UK GBP can go up again.. Buying above 1.3010
hehe, this comment made my morning!!!
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