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Cable Update (GBPUSD)

  • #510,181
  • Jan 30, 2020 3:25am Jan 30, 2020 3:25am
Quoting Guztro
I'm with Coreg2004 on this one, experience tells me to stay on the sidelines. PA is dead in the water, overshadowed by Corona Virus fears. So until conditions stabilize I'm not trading. Trade safe. Guz
There is nothing wrong with price action. Not the slightest bit. Yesterday's low is broken!
  • #510,182
  • Jan 30, 2020 3:28am Jan 30, 2020 3:28am
Quoting Piparins
{quote} There is nothing wrong with price action. Not the slightest bit. Yesterday's low is broken!
yeah i agree.
this is the PA i luv.
Nice swings.

A 30 pip drop this morning, thats hardly dead in the water...
in wondering about yourself, you forgot what you came here to be part of
  • #510,183
  • Jan 30, 2020 3:38am Jan 30, 2020 3:38am
Quoting Piparins
{quote} There is nothing wrong with price action. Not the slightest bit. Yesterday's low is broken!
We clearly have different views on what normal/abnormal PA is, but I'll respect your view.

Guz
Charts don't drive price, market conditions drive price...
  • #510,184
  • Jan 30, 2020 3:51am Jan 30, 2020 3:51am
Looks like yesterday was just a retest of support so i think moty is right it will fly to the 80s ready for MPC, so as i planned yesterday its a break of 3029 for me for long then i will close in the 80s and open short ready for tonight
Follow The Markets Structure - Patience and Discipline
  • #510,185
  • Jan 30, 2020 3:56am Jan 30, 2020 3:56am
Quoting pipfarm
Looks like yesterday was just a retest of support so i think moty is right it will fly to the 80s ready for MPC, so as i planned yesterday its a break of 3029 for me for long then i will close in the 80s and open short ready for tonight
High impact news today...interest rate...
  • #510,186
  • Jan 30, 2020 3:57am Jan 30, 2020 3:57am
are you ready ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU.png Size: 23 KB
Click to Enlarge Name: GU1.png Size: 25 KB
Click to Enlarge Name: GU2.png Size: 29 KB
Click to Enlarge Name: DX.png Size: 29 KB
Click to Enlarge Name: EG.png Size: 31 KB
yes yes yes
  • #510,187
  • Jan 30, 2020 3:58am Jan 30, 2020 3:58am
Day chart

3170 Up
2900 Down 1
2830 Down 2
Attached Image (click to enlarge)
Click to Enlarge Name: 202001304430_152544.png Size: 50 KB
NeverGP High Return Test All Time Return: 5.8%
  • #510,188
  • Jan 30, 2020 4:00am Jan 30, 2020 4:00am
Quoting zauha4
{quote} High impact news today...interest rate...

Yes thanks, thats why im trying to position my self in a good place for shorts up at the old support which i hope will be retested before MPC tonight ready for a drop, i said yesterday, no way the big guns gonna sell from the lows or buy from highs, so if they are going to sell they will position higher, just my opinion.
Follow The Markets Structure - Patience and Discipline
  • #510,189
  • Jan 30, 2020 4:15am Jan 30, 2020 4:15am
rejected again? oh my
Attached Image (click to enlarge)
Click to Enlarge Name: OctaFX.png Size: 34 KB
  • #510,190
  • Jan 30, 2020 4:16am Jan 30, 2020 4:16am
Quoting pipfarm
{quote} Yes thanks, thats why im trying to position my self in a good place for shorts up at the old support which i hope will be retested before MPC tonight ready for a drop, i said yesterday, no way the big guns gonna sell from the lows or buy from highs, so if they are going to sell they will position higher, just my opinion.
tf H4 tell me narrow spread with high volume... watching and waiting with a coffee


just my opinion
Attached Image (click to enlarge)
Click to Enlarge Name: download 3.png Size: 57 KB
  • #510,191
  • Jan 30, 2020 4:17am Jan 30, 2020 4:17am
I am still bullish in GU short term even if it spike down we will fly up again

I have 2 elliott waves scenarios both possible but I like scenario 1 more
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gux1.jpg Size: 127 KB
Click to Enlarge Name: gux2.jpg Size: 128 KB
  • #510,192
  • Jan 30, 2020 4:17am Jan 30, 2020 4:17am
Quoting CyberKinde
rejected again? oh my {image}
bears trap
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 30 KB
yes yes yes
  • #510,193
  • Jan 30, 2020 4:17am Jan 30, 2020 4:17am
what a view
Attached Image (click to enlarge)
Click to Enlarge Name: Capture_2020-01-30-11-14-59.png Size: 310 KB
  • #510,194
  • Jan 30, 2020 4:19am Jan 30, 2020 4:19am
Quoting Moty
{quote} bears trap {image}
stop trade until MPC Vote, good luck moty
  • #510,195
  • Jan 30, 2020 4:25am Jan 30, 2020 4:25am
Quoting CyberKinde
rejected again? oh my {image}
I don't think it's gonna hold this time round...patience

Guz
Charts don't drive price, market conditions drive price...
  • #510,196
  • Jan 30, 2020 4:27am Jan 30, 2020 4:27am
Quoting msniper
I am still bullish in GU short term even if it spike down we will fly up again I have 2 elliott waves scenarios both possible but I like scenario 1 more {image} {image}
Scenario 1 is my long term view on H4 and D1 msniper.

Trade Safe
Guz
Charts don't drive price, market conditions drive price...
  • #510,197
  • Jan 30, 2020 4:27am Jan 30, 2020 4:27am
Quoting HumzahJ
Anyone scalping 1.2980 long?

Job done,

Sell at 3030??
  • #510,198
  • Edited 4:52am Jan 30, 2020 4:30am | Edited 4:52am
Quoting CyberKinde
{quote} stop trade until MPC Vote, good luck moty
you want me to get out on the break ?
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 59 KB
yes yes yes
  • #510,199
  • Jan 30, 2020 4:33am Jan 30, 2020 4:33am
Quoting Guztro
{quote} I don't think it's gonna hold this time round...patience Guz
agreed, preparing to get long mate
  • #510,200
  • Jan 30, 2020 4:39am Jan 30, 2020 4:39am
Reviewing my short position if 3032 is taken out. For now SL raised to 3042. Adding short 3022
Keep the Lights on then you can catch the rise from the dark.
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