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Cable Update (GBPUSD)

  • #510,921
  • Feb 6, 2020 5:37am Feb 6, 2020 5:37am
Quoting pipfarm
{quote} Very impressive trading with 75 lots, what is your entry price and stop loss?
I'm long since 2900, my stop loss is 80 pips.

Guz
Charts don't drive price, market conditions drive price...
  • #510,922
  • Feb 6, 2020 5:38am Feb 6, 2020 5:38am
when people realise the it won't hold ,it will be straight down
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #510,923
  • Feb 6, 2020 5:43am Feb 6, 2020 5:43am
Quoting Bones
its not confirmed at all, price says its not a line the weekly has broke to downside {quote}

but u cannot call it real break down unless weekly candle closes. so we still can bounce and close the weekly candle above the pink line
  • #510,924
  • Feb 6, 2020 5:45am Feb 6, 2020 5:45am
Quoting Guztro
{quote} I'm long since 2900, my stop loss is 80 pips. Guz

wow you gave all that profit back to the market. you had opportunity for between 400- 600 pips profit depending when you entered.
Follow The Markets Structure - Patience and Discipline
  • #510,925
  • Feb 6, 2020 5:47am Feb 6, 2020 5:47am
on the contrary im reading the weekly now ,thats how I know

Quoting msniper
{quote} but u cannot call it real break down unless weekly candle closes. so we still can bounce and close the weekly candle above the pink line
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #510,926
  • Feb 6, 2020 5:48am Feb 6, 2020 5:48am
put your stop below 12775 should be ok
Quoting Guztro
{quote} I'm long since 2900, my stop loss is 80 pips. Guz
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #510,927
  • Feb 6, 2020 5:57am Feb 6, 2020 5:57am
Quoting pipfarm
{quote} wow you gave all that profit back to the market. you had opportunity for between 400- 600 pips profit depending when you entered.
You don't know my exit strategy...as I said, the last time I gave money back to the market was 9 years ago.

Guz
Charts don't drive price, market conditions drive price...
  • #510,928
  • Feb 6, 2020 5:58am Feb 6, 2020 5:58am
Quoting Bones
put your stop below 12775 should be ok {quote}
Funny
Charts don't drive price, market conditions drive price...
  • #510,929
  • Feb 6, 2020 6:05am Feb 6, 2020 6:05am
its that potential line V price today on weekly ,the bullish weeklies already failed ,so there's info right now

Quoting msniper
{quote} but u cannot call it real break down unless weekly candle closes. so we still can bounce and close the weekly candle above the pink line
Attached Image (click to enlarge)
Click to Enlarge Name: 007 GBPUSD-Weekly.png Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #510,930
  • Feb 6, 2020 6:21am Feb 6, 2020 6:21am
Waiting for the big drop
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU EW 252020.JPG Size: 94 KB
Click to Enlarge Name: GBPUSD-5M15 GU 262020.png Size: 54 KB
  • #510,931
  • Feb 6, 2020 6:31am Feb 6, 2020 6:31am
Quoting shahab8b
Waiting for the big drop {image} {image}
Wait next week
  • #510,932
  • Feb 6, 2020 6:43am Feb 6, 2020 6:43am
Long
TP 1.32
SL 1.2948

I see this support holding. Close stop if not.
Do or do not, there is no try - Master Yoda
  • #510,933
  • Feb 6, 2020 6:55am Feb 6, 2020 6:55am
If there is no drop today i expect tomorrow long bearish candle Short open TP : 1.2895
  • #510,934
  • Edited 7:48am Feb 6, 2020 7:31am | Edited 7:48am
Perfect pull back to the asian session,and now down down we go to daily s1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: New Doc 2020-02-06 15.29.36_1.jpg Size: 132 KB
Click to Enlarge Name: New Doc 2020-02-06 15.47.24_1.jpg Size: 106 KB
yes yes yes
  • #510,935
  • Feb 6, 2020 7:33am Feb 6, 2020 7:33am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 36 KB
Follow The Markets Structure - Patience and Discipline
  • #510,936
  • Feb 6, 2020 7:33am Feb 6, 2020 7:33am
GU downfall.. add more short target 2900
  • #510,937
  • Feb 6, 2020 7:34am Feb 6, 2020 7:34am
that's that tl on h4 ,don't tweak it
its broke no matter what on that tf
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-4-hours.png Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #510,938
  • Feb 6, 2020 7:39am Feb 6, 2020 7:39am
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 55 KB
99.9% persistence
  • #510,939
  • Feb 6, 2020 7:45am Feb 6, 2020 7:45am
260 Pips short from my zone:

Attached Image (click to enlarge)
Click to Enlarge Name: Vikinsa GBPUSD Short Trade Mid Week Feb 06 2020 Update 260 Pips Short Brexit.png Size: 139 KB
Technical Analyst & Trader @ Vikinsa
  • #510,940
  • Feb 6, 2020 7:45am Feb 6, 2020 7:45am
Quoting Guztro
{quote} I have 75 lots of a managed fund on GU long . I rest in the knowledge that the last time I handed money back to the market was 9 years ago . Trade safe Guz
Trading 75 lots with 80 pips SL, once is triggered, $60.000 will be gone.
Hey buddy, let's grab some Pips!
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