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Cable Update (GBPUSD)

  • #509,841
  • Jan 27, 2020 5:48am Jan 27, 2020 5:48am
If we look to the hourly , can clearly see the old support becomes new resistance @ the close 3103 below 3050 this is going to hammer it down
Follow The Markets Structure - Patience and Discipline
  • #509,842
  • Jan 27, 2020 5:54am Jan 27, 2020 5:54am
take this with as many grains of salt as you wish:

M5 is going to break 3088.
Let a pullback bar occur then go long.
in wondering about yourself, you forgot what you came here to be part of
  • #509,843
  • Jan 27, 2020 5:57am Jan 27, 2020 5:57am
Quoting WhiteMouseFX
Eyes turned to US impeachment. Big USD push expected. Remember that Dollar King commands basically everything in the FX market.
lol that's still a thing....
  • #509,844
  • Jan 27, 2020 6:02am Jan 27, 2020 6:02am
Quoting WhiteMouseFX
Eyes turned to US impeachment. Big USD push expected. Remember that Dollar King commands basically everything in the FX market.
you think this impeachment thing is influencing currency?
No one is watching.
The galleries are empty.

Corona Virus is the driver.
And ofcourse Harry & Meghan.
in wondering about yourself, you forgot what you came here to be part of
  • #509,845
  • Jan 27, 2020 6:04am Jan 27, 2020 6:04am
Entered on some longs, GU atm is throwing candles towards a strong USD, i'm watching USDCAD and seeing the exact opposite. I'm leaning towards a dump leading up to NY followed by a bull run on GU opening market.
  • #509,846
  • Jan 27, 2020 6:05am Jan 27, 2020 6:05am
Quoting knkie
{quote} you think this impeachment thing is influencing currency? No one is watching. The galleries are empty. Corona Virus is the driver. And ofcourse Harry & Meghan.
Harry and Meghan, maybe they can open a Tim Hortons chain in Manitoba and quietly live out their lives as humble colonists...
  • #509,847
  • Jan 27, 2020 6:11am Jan 27, 2020 6:11am
I short 1.3070 for 50 pips
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #509,848
  • Jan 27, 2020 6:12am Jan 27, 2020 6:12am
Quoting knkie
{quote} you think this impeachment thing is influencing currency? No one is watching. The galleries are empty. Corona Virus is the driver. And ofcourse Harry & Meghan.
I'm pricing in a strong CAD because they're going to start reshooting SUITS in Toronto! That'ls jumpstart the CDN economy. lulz.
  • #509,849
  • Jan 27, 2020 6:13am Jan 27, 2020 6:13am
Attached Image (click to enlarge)
Click to Enlarge Name: DX.png Size: 15 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 32 KB
yes yes yes
  • #509,850
  • Jan 27, 2020 6:21am Jan 27, 2020 6:21am
Before go up.
My bias: 1.2735-55
Why?
Important descendant line breakout on November 27 2019 not consolidated yet on the Monthly chart. Once it touches the top of the line again and hold, it will sky rocket towards 1.50 long term.
Hey buddy, let's grab some Pips!
  • #509,851
  • Jan 27, 2020 6:25am Jan 27, 2020 6:25am
Quoting Ra.
{quote} I'm pricing in a strong CAD because they're going to start reshooting SUITS in Toronto! That'ls jumpstart the CDN economy. lulz.
haha
omg
will harry be in suits?
in wondering about yourself, you forgot what you came here to be part of
  • #509,852
  • Jan 27, 2020 6:27am Jan 27, 2020 6:27am
Quoting knkie
{quote} haha omg will harry be in suits?
fuck yeah.

Bring that Bri-ish chaarm.
  • #509,853
  • Jan 27, 2020 6:30am Jan 27, 2020 6:30am
Quoting Coreg2004
{quote} Guz, that's what I thought on Friday...I elected to take my profit at 1.3052 because I'd thought 1.3048 is achievable and the bounce at (a) was so meek...my bad. Closed my short trade at 1.3077 with 15 pips profit...Hey, it's discretionary trading, sometimes we get optimal target sometimes not. Good luck with your trading as well as to the rest of my fellow traders in the upcoming week. {image}
Let's see if 1.3052 will hold again...
Attached Image (click to enlarge)
Click to Enlarge Name: GU.01.27.30M.png Size: 82 KB
Always trade your own plan...I don't provide trading signals.
  • #509,854
  • Jan 27, 2020 6:37am Jan 27, 2020 6:37am
Bounced off 52 bounced off 103 , where is the stronger move ,down i believe, look at daily resistance hit ,triangle breaking down, the clues are there.
Follow The Markets Structure - Patience and Discipline
  • #509,855
  • Jan 27, 2020 6:46am Jan 27, 2020 6:46am
well the "pullback" is falling further than i Expected.
Long Bias is nearnig its end.
for me, crucial will be where H1 closes: below 3054 would mean a reevaluation.

what a trippy day.
in wondering about yourself, you forgot what you came here to be part of
  • #509,856
  • Edited 7:06am Jan 27, 2020 6:49am | Edited 7:06am
On 4H or daily all 3 patterns are still in play (Gartley and Crab to the upside and Bat to the downside). Is the B point on the 30M chart in place?...
Edit: updated DX chart
Attached Image (click to enlarge)
Click to Enlarge Name: DX01.27.daily.png Size: 127 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GU.01.27.daily.png Size: 104 KB
Always trade your own plan...I don't provide trading signals.
  • #509,857
  • Jan 27, 2020 7:01am Jan 27, 2020 7:01am
I have pending levels at 1.3020 - 103031......
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 62 KB
Lost....
  • #509,858
  • Jan 27, 2020 7:04am Jan 27, 2020 7:04am
they go agian to friday's low and 200 sma band
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 36 KB


When will I stop looking for those home runs? Take 20 pips here, take another 20 pips there, what's wrong with that?
Attached Image (click to enlarge)
Click to Enlarge Name: GU1.png Size: 31 KB
yes yes yes
  • #509,859
  • Jan 27, 2020 7:07am Jan 27, 2020 7:07am
Quoting Moty
they go agian to friday's low and 200 sma band {image} When will I stop looking for those home runs? Take 20 pips here, take another 20 pips there, what's wrong with that?{image}

Moty, you're the Babe Ruth of this forum.
  • #509,860
  • Jan 27, 2020 7:19am Jan 27, 2020 7:19am
Quoting Ra.
{quote} Moty, you're the Babe Ruth of this forum.
well Babe actually did hit home runs
in wondering about yourself, you forgot what you came here to be part of
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