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Cable Update (GBPUSD)

  • #509,761
  • Jan 24, 2020 12:35pm Jan 24, 2020 12:35pm
Usdx may not further top today but test one weekly tl closewise and likely continue target 97.80 and more next weeks ! Take care
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #509,762
  • Jan 24, 2020 12:38pm Jan 24, 2020 12:38pm
Quoting fontu
Usdx may not further top today but test one weekly tl closewise and likely continue target 97.80 and more next weeks ! Take care {image} {image}
i like your Usdx analysis, hope you keep them comming . You anticipate this move on fundamental or just temporary strength based in the corona virus? I have still not found the correlation between dxy and gbp... especially those intradays when GBP moves only in one direction of the dxy, like only increasing when dxy drops, but not correcting when dxy increases...
  • #509,763
  • Jan 24, 2020 12:39pm Jan 24, 2020 12:39pm
Quoting Coreg2004
{quote} pipfarm, we still hanging by the thread (not my first and probably not my last time)...I sometimes drop to a lower time frame to see more detailed chart. I moved SL to 3 pips above last high on 15M chart... if I am taken out so be it... How many times did I promise myself not to sit through W_4...ouch? If my target is not hit I will get out at the end of the day. Good luck with your trading. {image}
Im good , exited the trade using other methods that show me when the swing has ended.

I look at higher time frames to find out where we are and where we might be going and what type of swing im trading and lower to try and get a better entry,, the problem is finding a balance between using the right timeframes

Good luck with your trade


For your reference check out EJ, GJ, UJ and AUSUSD all 15 minute , absolutely cracking sets ups today ( all great trades today) from my knowledge of trading, oh and confidence of much more downside in Cable is very high so keep an eye on that
Follow The Markets Structure - Patience and Discipline
  • #509,764
  • Jan 24, 2020 12:51pm Jan 24, 2020 12:51pm
Quoting pipfarm
{quote} Im good , exited the trade using other methods that show me when the swing has ended. I look at higher time frames to find out where we are and where we might be going and what type of swing im trading and lower to try and get a better entry,, the problem is finding a balance between using the right timeframes Good luck with your trade For your reference check out EJ, GJ, UJ and AUSUSD all 15 minute , absolutely cracking sets ups today ( all great trades today) from my knowledge of trading, oh and confidence of much more downside in Cable...
I am preoccupied with the YM (Dow minis- futures) trades ...where the fun really is but I will review your suggestions during the weekend...Thanks, pipfarm.
Always trade your own plan...I don't provide trading signals.
  • #509,765
  • Jan 24, 2020 12:52pm Jan 24, 2020 12:52pm
brexit information.
. The UK's exit from the EU, the expected date of "Brexit" has been rescheduled by the European Council by 31 January 2020, and the British government may request a further extension.
  • #509,766
  • Jan 24, 2020 12:59pm Jan 24, 2020 12:59pm
Quoting knkie
hey again pending sell order @ 3068 target is 3046 which is a Day Support level for me probably wont go further than that imo.....
higher entry possible:

SELL 3073
target 3046
in wondering about yourself, you forgot what you came here to be part of
  • #509,767
  • Jan 24, 2020 1:12pm Jan 24, 2020 1:12pm
Quoting pipfarm
{quote} Im good , exited the trade using other methods that show me when the swing has ended. I look at higher time frames to find out where we are and where we might be going and what type of swing im trading and lower to try and get a better entry,, the problem is finding a balance between using the right timeframes Good luck with your trade For your reference check out EJ, GJ, UJ and AUSUSD all 15 minute , absolutely cracking sets ups today ( all great trades today) from my knowledge of trading, oh and confidence of much more downside in Cable...
How many chances of UJ touching 109.1 before market close? Stuck in a trade since it started going up. Wondering i should close or wait for BE at 109.1 but I also fear a retrace.
  • #509,768
  • Jan 24, 2020 1:23pm Jan 24, 2020 1:23pm
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yes yes yes
  • #509,769
  • Jan 24, 2020 2:15pm Jan 24, 2020 2:15pm
If the china virus continues to spread, i assume the market could gap during the weekend due to jpy usd increase?
  • #509,770
  • Jan 24, 2020 2:27pm Jan 24, 2020 2:27pm
Friday will probably close above 1.3120
  • #509,771
  • Edited 2:52pm Jan 24, 2020 2:32pm | Edited 2:52pm
going to the weekend with my short , hoping for a gap down .
either way the trend is short.
weekly avarage range is 200 pips approximately
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yes yes yes
  • #509,772
  • Jan 24, 2020 2:59pm Jan 24, 2020 2:59pm
If something is going to gap down after the weekend its probably G/J... Currently testing on corona + jpy safe haven. I hope the tests wont turn out positive, in a medical sense, but I do expect the very worst outcome next couple of weeks. Things are not priced in yet; a down gap will be of bigger potential than an upgap.
  • #509,773
  • Jan 25, 2020 3:43am Jan 25, 2020 3:43am
Good Morning! I hope you all have a great weekend!

Here is my newest chart on gbpusd. Have a look.

Risk Management is of utmost importance!
  • #509,774
  • Jan 25, 2020 3:50am Jan 25, 2020 3:50am
Quoting RCtrader
Good Morning! I hope you all have a great weekend! Here is my newest chart on gbpusd. Have a look.
from a technical or fundamental? Reaction on jpy and usd i think will have further influence due to the corona virus and can cover some issues. Also, next week is “real” brexit...


last days gains of USD and Gold simultaneously is showing that it is not all “business” as usual is my view right now.

dollar is showing bullish signs as of now on the daily, weekly and monthly.
  • #509,775
  • Edited 4:46am Jan 25, 2020 4:18am | Edited 4:46am
Quoting krst8
{quote} i like your Usdx analysis, hope you keep them comming . You anticipate this move on fundamental or just temporary strength based in the corona virus? I have still not found the correlation between dxy and gbp... especially those intradays when GBP moves only in one direction of the dxy, like only increasing when dxy drops, but not correcting when dxy increases...
Thanks, all technical only, do not any fundamental most times. Sure there may running serious turmoils recently due any fundanental as you rightly mention usdx, gbpusd and gold price action in same direction, specially gold just run amoke, space still there up play but very unstable and unrest situation, that is investor grow fear and sort refuge to gold flow. Very temporary situation and should come near normal by few weeks. So ultimatly price tank down gold and usdx too. Agitation still will remain and slowly back normal by few months.
Expecting great reversal start yearly in eurusd, and usdx , may take gbpusd or not at all remains unpredicted, i was long time for great bear but eurusd may help reversal too. Lets see.

Just check probable pa in higher tf
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #509,776
  • Jan 25, 2020 4:37am Jan 25, 2020 4:37am
Quoting krst8
{quote} from a technical or fundamental? Reaction on jpy and usd i think will have further influence due to the corona virus and can cover some issues. Also, next week is “real” brexit... last days gains of USD and Gold simultaneously is showing that it is not all “business” as usual is my view right now. dollar is showing bullish signs as of now on the daily, weekly and monthly.
Will GBPJPY be the worst performer?

Attached Image

From market participants, selling GBP, buying JPY over the next few weeks could be a winner.

Time will tell
COT: The precious data ignored
  • #509,777
  • Jan 25, 2020 4:52am Jan 25, 2020 4:52am
Quoting krst8
{quote} from a technical or fundamental? Reaction on jpy and usd i think will have further influence due to the corona virus and can cover some issues. Also, next week is “real” brexit... last days gains of USD and Gold simultaneously is showing that it is not all “business” as usual is my view right now. dollar is showing bullish signs as of now on the daily, weekly and monthly.
It's from a technical point of view. If "real brexit" is scheduled next week then that could push the price up by hundreds of pips .

My newest chart on gbpusd.
Risk Management is of utmost importance!
  • #509,778
  • Edited 5:56am Jan 25, 2020 5:41am | Edited 5:56am
Quoting kuroro001
{quote} Will GBPJPY be the worst performer? {image} From market participants, selling GBP, buying JPY over the next few weeks could be a winner. Time will tell

Yes lets see, the cot data does indeed show a trend change may be coming.. but that may take some time and still not decided direction... the referendum look still like a point of profit taking at large.
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  • #509,779
  • Jan 25, 2020 6:25am Jan 25, 2020 6:25am
classic indise candle pattern
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yes yes yes
  • #509,780
  • Jan 25, 2020 6:40am Jan 25, 2020 6:40am
Quoting Moty
classic indise candle pattern {image}
Do you mean 'inside' candle?

GBPUSD 27-31 Jan
Risk Management is of utmost importance!
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