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Cable Update (GBPUSD)

  • #510,721
  • Feb 4, 2020 7:45am Feb 4, 2020 7:45am
Quoting Moty
In the morning I brought this , still valid {image}
Moty, as you know, I trade structure. Personally, if I cannot fit the H1/H4 into a Daily/Weekly structure, I don't trade it.

Good luck.
Guz
Charts don't drive price, market conditions drive price...
  • #510,722
  • Feb 4, 2020 7:46am Feb 4, 2020 7:46am
Quoting pridolfx
{quote} valid still what? you have arrow to up and arrow to down
it's because the pair direction is clear - UP or DOWN
  • #510,723
  • Feb 4, 2020 7:49am Feb 4, 2020 7:49am
Quoting Skultis
{quote} it's because the pair direction is clear - UP or DOWN
  • #510,724
  • Feb 4, 2020 8:00am Feb 4, 2020 8:00am
Seen like going up
Always Positive
  • #510,725
  • Feb 4, 2020 8:03am Feb 4, 2020 8:03am
Quoting navk
{quote} Do you see such points ( 3030 ) for another lows? IMO, it bounced from 2940 in London session and moved almost 80 pips..... now the remaining day shall be in the direction of today trend.
very possible as of fakout in my above chart , otherwise give her chance to play as usual to 3065/ 3114 before tanking , fake out can be confirmed by 3007/2999 , breaks & hold next time., early signal 3021
Attached Image (click to enlarge)
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Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #510,726
  • Feb 4, 2020 8:17am Feb 4, 2020 8:17am
Fundamentally it might not make much sense but technically, PA is now bullish. H4 is the hint. Besides, PA is operating at above the swing average all the way from M5 to H4.

Won't be surprised if we get a spike
  • #510,727
  • Feb 4, 2020 8:17am Feb 4, 2020 8:17am
PA feels like it's about to tank. Would be nice to get a daily close below 1.2970 to finally get out of this range. Short at 1.3026. SL 1.3080. TP TBD.
  • #510,728
  • Feb 4, 2020 8:23am Feb 4, 2020 8:23am
3022 breaks as signal , so short at top test saved for further tanking possible . atleast try 3007/2999
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #510,729
  • Feb 4, 2020 8:23am Feb 4, 2020 8:23am
Quoting Guztro
{quote} Moty, as you know, I trade structure. Personally, if I cannot fit the H1/H4 into a Daily/Weekly structure, I don't trade it. Good luck. Guz
but it is .
Attached Image (click to enlarge)
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yes yes yes
  • #510,730
  • Feb 4, 2020 8:25am Feb 4, 2020 8:25am
Quoting Moty
{quote} but it is . {image}
No no...
Day is Down since yesterday.
H4 is up since LO
in wondering about yourself, you forgot what you came here to be part of
  • #510,731
  • Feb 4, 2020 8:26am Feb 4, 2020 8:26am
Quoting pridolfx
{quote} valid still what? you have arrow to up and arrow to down
you trade long if price is above the 50 ema band .
you trade short if price is below the 50 ema band
yes yes yes
  • #510,732
  • Feb 4, 2020 8:35am Feb 4, 2020 8:35am
Presently, the bears are attacking the M5 average with intent and may have their way. That is cable for you. It can switch without warning.
  • #510,733
  • Feb 4, 2020 8:40am Feb 4, 2020 8:40am
GU will going down ladies and gentlement....
  • #510,734
  • Feb 4, 2020 8:43am Feb 4, 2020 8:43am
Quoting Bydyke
Presently, the bears are attacking the M5 average with intent and may have their way. That is cable for you. It can switch without warning.
if so..
i need prepare my mask first..
just for a cup of coffee...
  • #510,735
  • Feb 4, 2020 8:57am Feb 4, 2020 8:57am
Quoting Skultis
{quote} it's because the pair direction is clear - UP or DOWN
Skultis, yes, as traders we have to choose our own poison...I always welcome humor and sarcasm in posts...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 02.04.30M.png Size: 87 KB
Always trade your own plan...I don't provide trading signals.
  • #510,736
  • Feb 4, 2020 8:59am Feb 4, 2020 8:59am
Long 3022

fly baby
in wondering about yourself, you forgot what you came here to be part of
  • #510,737
  • Feb 4, 2020 9:04am Feb 4, 2020 9:04am
Quoting knkie
Long 3022 fly baby
Im with you
  • #510,738
  • Feb 4, 2020 9:07am Feb 4, 2020 9:07am
H1 has closed with PA now below the swing average. In effect, the bulls have lost the momentum. On M5 and M15, the bulls are still looking good but isn't that ephemeral? We shall find out very soon
  • #510,739
  • Feb 4, 2020 9:11am Feb 4, 2020 9:11am
Quoting Moty
{quote} you trade long if price is above the 50 ema band . you trade short if price is below the 50 ema band
and where is 50 ema band?
  • #510,740
  • Feb 4, 2020 9:18am Feb 4, 2020 9:18am
Quoting Moty
{quote} but it is . {image}
Moty, see how cleverly the market hides the rejection on the H1 time frame. The price rejection is much clearer on the H4 time frame, and the daily rejection candle (in my opinion) is what's played out so far today. I aimed for as many touches when I drew the daily trend line. Note, since 13 Jan price never closed below that trend line.

I hold the view that price will continue to break levels up, and that's how I'm trading it. I do realise that there are scalpers here...but even on intra-day, my trading structure is in the direction of the bigger move.

Trade safe.

Guz
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Charts don't drive price, market conditions drive price...
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