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Cable Update (GBPUSD)

  • #510,881
  • Feb 6, 2020 3:23am Feb 6, 2020 3:23am
Quoting Moty
Different from the rest of the week, today they decided to be calm at the opening
waiting a big move maybe.....
  • #510,882
  • Feb 6, 2020 3:26am Feb 6, 2020 3:26am
Quoting navk
Above 3002, it would be explosive today. I bought, sl, 2971
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
  • #510,883
  • Feb 6, 2020 3:42am Feb 6, 2020 3:42am
sell sell sell

Should be down to the 2500- 2600 range by the end of next week
Follow The Markets Structure - Patience and Discipline
  • #510,884
  • Feb 6, 2020 3:44am Feb 6, 2020 3:44am
Wahoo, cashed out.

What happened?!
I play the trade gamble to feed my Porsche addiction.
  • #510,885
  • Feb 6, 2020 3:46am Feb 6, 2020 3:46am
The drop is here
Attached Image(s) (click to enlarge)
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yes yes yes
  • #510,886
  • Feb 6, 2020 3:47am Feb 6, 2020 3:47am
Break out in progress pals, enjoy selling see you at 1.2750
  • #510,887
  • Feb 6, 2020 3:53am Feb 6, 2020 3:53am
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...
  • #510,888
  • Feb 6, 2020 4:00am Feb 6, 2020 4:00am
3060?
Hey buddy, let's grab some Pips!
  • #510,889
  • Feb 6, 2020 4:01am Feb 6, 2020 4:01am
Quoting pipfarm
sell sell sell Should be down to the 2500- 2600 range by the end of next week

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


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 28 KB
Follow The Markets Structure - Patience and Discipline
  • #510,890
  • Feb 6, 2020 4:07am Feb 6, 2020 4:07am
Quoting navk
Above 3002, it would be explosive today. I bought, sl, 2971
i made a loss of 11 pips, and so many likes for my post.
Intraday only.
  • #510,891
  • Feb 6, 2020 4:11am Feb 6, 2020 4:11am
still selling is not powerful
Intraday only.
  • #510,892
  • Feb 6, 2020 4:13am Feb 6, 2020 4:13am
Quoting navk
{quote} i made a loss of 11 pips, and so many likes for my post.
As long as you live to try another day, we're ACES!
Lost....
  • #510,893
  • Feb 6, 2020 4:16am Feb 6, 2020 4:16am
Quoting Guztro
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
I think we might just get that upward move now
  • #510,894
  • Feb 6, 2020 4:17am Feb 6, 2020 4:17am
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.
Lost....
  • #510,895
  • Feb 6, 2020 4:21am Feb 6, 2020 4:21am
it is easily 2948 from here... then, let us see
Intraday only.
  • #510,896
  • Feb 6, 2020 4:28am Feb 6, 2020 4:28am
Quoting navk
it is easily 2948 from here... then, let us see
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!
  • #510,897
  • Feb 6, 2020 4:35am Feb 6, 2020 4:35am
bearish consolidation

Quoting krst8
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...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #510,898
  • Feb 6, 2020 4:38am Feb 6, 2020 4:38am
Waiting time maybe?
That's why I'm saying that.

Attached Image (click to enlarge)
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Hey buddy, let's grab some Pips!
  • #510,899
  • Feb 6, 2020 4:45am Feb 6, 2020 4:45am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Daily.png Size: 35 KB

key level zone
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #510,900
  • Feb 6, 2020 4:48am Feb 6, 2020 4:48am
I am still sticking to my plan

I need a rally to 1.33 area before any serious drop
Attached Image (click to enlarge)
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