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Cable Update (GBPUSD)

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  • Post #510,881
  • Quote
  • Feb 6, 2020 4:19am Feb 6, 2020 4:19am
  •  Moty
  • Joined Dec 2017 | Status: Member | 18,387 Posts

Different from the rest of the week, today they decided to be calm at the opening




 
 
  • Post #510,882
  • Quote
  • Feb 6, 2020 4:23am Feb 6, 2020 4:23am
  •  zauha4
  • | Joined Jun 2010 | Status: Member | 31 Posts
Quoting Moty
Disliked
Different from the rest of the week, today they decided to be calm at the opening
Ignored
waiting a big move maybe.....
 
1
  • Post #510,883
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  • Feb 6, 2020 4:26am Feb 6, 2020 4:26am
  •  knkie
  • Joined Apr 2012 | Status: Member | 5,648 Posts
Quoting navk
Disliked
Above 3002, it would be explosive today. I bought, sl, 2971
Ignored
good choice
i have been adding longs all morning above 2980

edit: targets in the region of 70 pips
in wondering about yourself, you forgot what you came here to be part of
 
1
  • Post #510,884
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  • Feb 6, 2020 4:42am Feb 6, 2020 4:42am
  •  pipfarm
  • Joined Oct 2010 | Status: Member | 2,864 Posts
sell sell sell

Should be down to the 2500- 2600 range by the end of next week
Follow The Markets Structure - Patience and Discipline
 
1
  • Post #510,885
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  • Feb 6, 2020 4:44am Feb 6, 2020 4:44am
  •  M3csl
  • | Joined Feb 2018 | Status: Member | 597 Posts
Wahoo, cashed out.

What happened?!
I play the trade gamble to feed my Porsche addiction.
 
1
  • Post #510,886
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  • Feb 6, 2020 4:46am Feb 6, 2020 4:46am
  •  Moty
  • Joined Dec 2017 | Status: Member | 18,387 Posts
The drop is here
Attached Images (click to enlarge)
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Name: New Doc 2020-02-06 11.49.02_1.jpg
Size: 111 KB
 
 
  • Post #510,887
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  • Feb 6, 2020 4:47am Feb 6, 2020 4:47am
  •  DeivzasLT
  • | Joined Jun 2018 | Status: Member | 28 Posts
Break out in progress pals, enjoy selling see you at 1.2750
 
1
  • Post #510,888
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  • Feb 6, 2020 4:53am Feb 6, 2020 4:53am
  •  Guztro
  • Joined Apr 2018 | Status: Member | 607 Posts
Great day for you yesterday Moty, well done! My TP1 remains in place, my second long term TP of 1.3260 is in place, third TP will be in the region of 1.338xx

Trade safe.
Guz
Charts don't drive price, market conditions drive price...
 
1
  • Post #510,889
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  • Feb 6, 2020 5:00am Feb 6, 2020 5:00am
  •  WhiteMouseFX
  • | Joined Sep 2016 | Status: Eyes on the big moves :-P | 485 Posts
3060?
Hey buddy, let's grab some Pips!
 
 
  • Post #510,890
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  • Feb 6, 2020 5:01am Feb 6, 2020 5:01am
  •  pipfarm
  • Joined Oct 2010 | Status: Member | 2,864 Posts
Quoting pipfarm
Disliked
sell sell sell Should be down to the 2500- 2600 range by the end of next week
Ignored

2955 is the break down level for a beautiful impulse wave , should fly down below 2955


Attached Image (click to enlarge)
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Follow The Markets Structure - Patience and Discipline
 
 
  • Post #510,891
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  • Feb 6, 2020 5:07am Feb 6, 2020 5:07am
  •  navk
  • Joined Oct 2010 | Status: Trader | 13,344 Posts
Quoting navk
Disliked
Above 3002, it would be explosive today. I bought, sl, 2971
Ignored
i made a loss of 11 pips, and so many likes for my post.
Intra day only.
 
 
  • Post #510,892
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  • Feb 6, 2020 5:11am Feb 6, 2020 5:11am
  •  navk
  • Joined Oct 2010 | Status: Trader | 13,344 Posts
still selling is not powerful
Intra day only.
 
 
  • Post #510,893
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  • Feb 6, 2020 5:13am Feb 6, 2020 5:13am
  •  gespiri
  • Joined Oct 2011 | Status: Member | 2,038 Posts
Quoting navk
Disliked
{quote} i made a loss of 11 pips, and so many likes for my post.
Ignored
As long as you live to try another day, we're ACES!
 
 
  • Post #510,894
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  • Feb 6, 2020 5:16am Feb 6, 2020 5:16am
  •  Mtsai
  • | Joined Dec 2018 | Status: Member | 30 Posts
Quoting Guztro
Disliked
Great day for you yesterday Moty, well done! My TP1 remains in place, my second long term TP of 1.3260 is in place, third TP will be in the region of 1.338xx Trade safe. Guz
Ignored
I think we might just get that upward move now
 
 
  • Post #510,895
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  • Feb 6, 2020 5:17am Feb 6, 2020 5:17am
  •  gespiri
  • Joined Oct 2011 | Status: Member | 2,038 Posts
Think like the big boys......everyone is positioning short.
Most likely, they will go long but will take out short stops first (like they did at 1.2939).
If they wanted this down (or up), they would blow through those stops without reversal.
Therefore, I'm long at 1.297 (SL 1.294)......we'll see.
 
1
  • Post #510,896
  • Quote
  • Feb 6, 2020 5:21am Feb 6, 2020 5:21am
  •  navk
  • Joined Oct 2010 | Status: Trader | 13,344 Posts
it is easily 2948 from here... then, let us see
Intra day only.
 
1
  • Post #510,897
  • Quote
  • Feb 6, 2020 5:28am Feb 6, 2020 5:28am
  •  WhiteMouseFX
  • | Joined Sep 2016 | Status: Eyes on the big moves :-P | 485 Posts
Quoting navk
Disliked
it is easily 2948 from here... then, let us see
Ignored
I can see that too.

From here, chart is going to draw letter M.
2940 -> 2067 -> 2955 -> 3060 area -> 2940 area
Hey buddy, let's grab some Pips!
 
 
  • Post #510,898
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  • Feb 6, 2020 5:35am Feb 6, 2020 5:35am
  •  Bones
  • Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 22,301 Posts
bearish consolidation

Quoting krst8
Disliked
While new to forex i have not seen this kind of behavior in other pairs. It feels almost foolish to have long term sentiment (bearish sentiment here :-) )... this thing just jumps up and down. you more long term traders, have you seen this behavior before, and is this not some big guys behind the scenes making som crazy speculation and some crazy earnings on this pair why we else are concerned long term? Why does 1.35 or 1.27 really matter To us “retail” i ask myself? The pair just last week have moved over 600 pips on the daily range... did not...
Ignored
#doyourownanalysisordietryin
 
 
  • Post #510,899
  • Quote
  • Feb 6, 2020 5:38am Feb 6, 2020 5:38am
  •  WhiteMouseFX
  • | Joined Sep 2016 | Status: Eyes on the big moves :-P | 485 Posts
Waiting time maybe?
That's why I'm saying that.

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Hey buddy, let's grab some Pips!
 
 
  • Post #510,900
  • Quote
  • Feb 6, 2020 5:45am Feb 6, 2020 5:45am
  •  Bones
  • Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 22,301 Posts
Attached Image (click to enlarge)
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Name: GBPUSD-Daily.png
Size: 35 KB

key level zone
#doyourownanalysisordietryin
 
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