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Cable Update (GBPUSD)

  • #510,141
  • Jan 29, 2020 1:07pm Jan 29, 2020 1:07pm
Quoting krst8
Sell stop put at 3070. Support line and just above daily R1 i am bearish so want to short it if it spikes {image}
it is sell limit order, not stop order.
Intraday only.
  • #510,142
  • Jan 29, 2020 1:23pm Jan 29, 2020 1:23pm
No reaction
  • #510,143
  • Jan 29, 2020 1:24pm Jan 29, 2020 1:24pm
Ready for the pump and dump or it might be pump and sit at resistance ready to dump at MPC
Follow The Markets Structure - Patience and Discipline
  • #510,144
  • Jan 29, 2020 1:33pm Jan 29, 2020 1:33pm
Lol, if anyone watched December's FOMC meeting...it's literally a cut and paste from that intro....
  • #510,145
  • Jan 29, 2020 1:37pm Jan 29, 2020 1:37pm
no reaction?
  • #510,146
  • Jan 29, 2020 1:43pm Jan 29, 2020 1:43pm
Quoting corongumet
no reaction?

Its coming , just said they are not happy with inflation below 2% so means willing to cut again
Follow The Markets Structure - Patience and Discipline
  • #510,147
  • Jan 29, 2020 1:45pm Jan 29, 2020 1:45pm
Quoting pipfarm
{quote} Its coming , just said they are not happy with inflation below 2% so means willing to cut again
its long? I really haven't learned anything about this, can you explain about this?
  • #510,148
  • Jan 29, 2020 1:46pm Jan 29, 2020 1:46pm
Quoting corongumet
{quote} its long?
I believe so, but for me only above 029 to confirm the reversal
Follow The Markets Structure - Patience and Discipline
  • #510,149
  • Jan 29, 2020 1:51pm Jan 29, 2020 1:51pm
Quoting corongumet
{quote} its long? I really haven't learned anything about this, can you explain about this?
overall, slightly dovish.
  • #510,150
  • Jan 29, 2020 1:53pm Jan 29, 2020 1:53pm
Rocket on the way...
Its all about Timing!!!
  • #510,151
  • Jan 29, 2020 1:53pm Jan 29, 2020 1:53pm
Quoting corongumet
{quote} its long? I really haven't learned anything about this, can you explain about this?
Its not really about the news , just seeing if it confirms price action, to be fair i do not care about news because the price will show you all you need to know but quite simply interest rates are used to control inflation
Follow The Markets Structure - Patience and Discipline
  • #510,152
  • Jan 29, 2020 1:54pm Jan 29, 2020 1:54pm
Quoting pipfarm
{quote} I believe so, but for me only above 029 to confirm the reversal
thank you for explaining, can be a reference to opening a position.
  • #510,153
  • Jan 29, 2020 1:58pm Jan 29, 2020 1:58pm
Quoting Murugesh29
Rocket on the way...
let see until BOE
  • #510,154
  • Jan 29, 2020 2:00pm Jan 29, 2020 2:00pm
Quoting corongumet
{quote} thank you for explaining, can be a reference to opening a position.
Not for me , i never trust the news, only whats on my charts
Follow The Markets Structure - Patience and Discipline
  • #510,155
  • Jan 29, 2020 2:02pm Jan 29, 2020 2:02pm
Quoting fontu
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 . {image} {image}
Watching 97.77 usdx limit if hold or not, if not to tank further and all others bounce to continue enough. Lets see
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #510,156
  • Jan 29, 2020 2:04pm Jan 29, 2020 2:04pm
Quoting pipfarm
{quote} Not for me , i never trust the news, only whats on my charts
because I'm in a position, SL at BE. so just as a benchmark only whether to touch SL or not.
  • #510,157
  • Jan 29, 2020 2:17pm Jan 29, 2020 2:17pm
bullish pattern worked
Intraday only.
  • #510,158
  • Jan 29, 2020 3:01pm Jan 29, 2020 3:01pm
This is why I like the MACD as a tool that helps choose the entry point for a trade rather than moving average or trend lines
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU.png Size: 52 KB
Click to Enlarge Name: GU1.png Size: 27 KB
yes yes yes
  • #510,159
  • Jan 29, 2020 3:40pm Jan 29, 2020 3:40pm
They'll cut tomorrow.

Spikes both sides.

1.28-29 thinking.

Piece of cake.
Beware of robber banks (RB), bad advisors.
  • #510,160
  • Jan 29, 2020 3:43pm Jan 29, 2020 3:43pm
Quoting thevisitor
1.2980 level still holding smal long since 1.2998 targeting 1.3070-80 {image}
LOL

Do you realize all stops are at 2970 and 2870??

And that's Thieving Banks target.

Forex in fake pound is child's play

Trade safe
Beware of robber banks (RB), bad advisors.
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