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Cable Update (GBPUSD)

  • #510,121
  • Jan 29, 2020 10:40am Jan 29, 2020 10:40am
I think euro and pound bears will suffer tonight...when dollar gets dumped after FED.
Everyone can see the chart, but only a few can actually read it.
  • #510,122
  • Jan 29, 2020 10:43am Jan 29, 2020 10:43am
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yes yes yes
  • #510,123
  • Jan 29, 2020 10:46am Jan 29, 2020 10:46am
my buying points.
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Intraday only.
  • #510,124
  • Jan 29, 2020 10:55am Jan 29, 2020 10:55am
Quoting OnlineAddict
I think euro and pound bears will suffer tonight...when dollar gets dumped after FED.
what is your FED prediction then?
  • #510,125
  • Edited 1:59pm Jan 29, 2020 11:11am | Edited 1:59pm
usdx hit 98 ok but not enough for its minimum target to calm down & may not have enough space to correct & go . so minimum trumoils at a top to follow through UP. Take care

with news time today night may correct below 97.87 as low as 97.77 ( limit ) to go above 98.07/17 areas . if 97.77 breaks down then a temporary top in place for correction towards below 97.61 to bull again probable .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #510,126
  • Jan 29, 2020 11:16am Jan 29, 2020 11:16am
Quoting Moty
{image}
Hi Moty,
no offense but try to remove MACD from your chart...
your MA's showing direction..

regards
  • #510,127
  • Jan 29, 2020 11:25am Jan 29, 2020 11:25am
will see either can breakout trendine h4 with news impact
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  • #510,128
  • Jan 29, 2020 11:29am Jan 29, 2020 11:29am
Quoting navk
OR it might spike down for buy.
yes, i got rid of the pending.
just watching now.
price is making up moves which could mean anything
in wondering about yourself, you forgot what you came here to be part of
  • #510,129
  • Jan 29, 2020 11:32am Jan 29, 2020 11:32am
Quoting krst8
{quote} what is your FED prediction then?
I think I just said it...
Everyone can see the chart, but only a few can actually read it.
  • #510,130
  • Jan 29, 2020 11:38am Jan 29, 2020 11:38am
Quoting knkie
{quote} yes, i got rid of the pending. just watching now. price is making up moves which could mean anything
stay with a coffee
  • #510,131
  • Jan 29, 2020 11:52am Jan 29, 2020 11:52am
Quoting thevisitor
{quote} Hi Moty, no offense but try to remove MACD from your chart... your MA's showing direction.. regards
I like the display with osilater
And you can see that macd indicate a reversal with a invert h&s
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yes yes yes
  • #510,132
  • Jan 29, 2020 12:06pm Jan 29, 2020 12:06pm
Quoting Moty
{quote} I like the display with osilater And you can see that macd indicate a reversal with a invert h&s {image}
i think you don't need this MACD

you can see all on you chart without this crap os..
I know traders using MACD but only for scalping.few pips.

look back your above posted chart with MACD.
It's showing continuation trades to the downside.

in combination WITH your MAs this were all winners short..

only my 2 c..
keep up your postings!!!
regards!
  • #510,133
  • Jan 29, 2020 12:16pm Jan 29, 2020 12:16pm
this is another crap in demo. but how good is this?
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Intraday only.
  • #510,134
  • Jan 29, 2020 12:17pm Jan 29, 2020 12:17pm
The buy and sell only stand if price does not move to make a new low


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Follow The Markets Structure - Patience and Discipline
  • #510,135
  • Jan 29, 2020 12:18pm Jan 29, 2020 12:18pm
Quoting pipfarm
{image}
what do you mean pipfarm?
  • #510,136
  • Jan 29, 2020 12:23pm Jan 29, 2020 12:23pm
Quoting corongumet
{quote} what do you mean pipfarm?


If price does not go below the 2975 low and breaks 3029 i buy immediately as it breaks , then if it hits between 80-90 close buy take profit and sell


ps this is not the way i would normally trade but its just for a bit of fun on fomc with small position
Follow The Markets Structure - Patience and Discipline
  • #510,137
  • Jan 29, 2020 12:26pm Jan 29, 2020 12:26pm
Bias Bearish... but lets see market flow
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  • #510,138
  • Jan 29, 2020 12:27pm Jan 29, 2020 12:27pm
Quoting pipfarm
{quote} If price does not go below the 2975 low and breaks 3029 i buy immediately as it breaks , then if it hits between 80-90 close buy take profit and sell
ok thank you
  • #510,139
  • Jan 29, 2020 12:54pm Jan 29, 2020 12:54pm
1.2980 level still holding
smal long since 1.2998
targeting 1.3070-80

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  • #510,140
  • Jan 29, 2020 12:58pm Jan 29, 2020 12:58pm
Sell stop put at 3070. Support line and just above daily R1

i am bearish so want to short it if it spikes
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