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Cable Update (GBPUSD)

  • #510,941
  • Feb 6, 2020 7:46am Feb 6, 2020 7:46am
waiting for the big move up
99.9% persistence
  • #510,942
  • Feb 6, 2020 7:47am Feb 6, 2020 7:47am
Weekly range already down by 240 pips, daily already down by 55pips,not a single pip above the opening price. It will be ridiculous of me to sell from here. Glued to my buy!
Data + Stat + Risk/Emotions Management
  • #510,943
  • Feb 6, 2020 8:04am Feb 6, 2020 8:04am
Quoting Moty
Perfect pull back to the asian session,and now down down we go to daily s1 {image} {image}
perfect PA.

But I was somewhat confused because of grey box inside.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.ukM15.png Size: 41 KB
Intraday only.
  • #510,944
  • Feb 6, 2020 8:05am Feb 6, 2020 8:05am
Pit stop on S1 already done! hmm
Hey buddy, let's grab some Pips!
  • #510,945
  • Feb 6, 2020 8:24am Feb 6, 2020 8:24am
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2020-02-06 16.15.50_1.jpg Size: 131 KB
yes yes yes
  • #510,946
  • Feb 6, 2020 9:10am Feb 6, 2020 9:10am
GU in war zone now, but surely bear will win. 2900 will be the target
  • #510,947
  • Feb 6, 2020 9:20am Feb 6, 2020 9:20am
Quoting Moty
{image}
Check diverging pattern
Do or do not, there is no try - Master Yoda
  • #510,948
  • Feb 6, 2020 9:26am Feb 6, 2020 9:26am
This is going to be ugly for a lot of traders.....
Lost....
  • #510,949
  • Feb 6, 2020 9:29am Feb 6, 2020 9:29am
1.2948 holding like a stone. How long...?
  • #510,950
  • Feb 6, 2020 9:30am Feb 6, 2020 9:30am
Intense war zone... 1.2946 holds... Let's Crack 1.30 again and final upward moves to end the war!
Data + Stat + Risk/Emotions Management
  • #510,951
  • Feb 6, 2020 9:31am Feb 6, 2020 9:31am
This is a perfect entry for long in GU. tight SL and open TP
  • #510,952
  • Feb 6, 2020 9:32am Feb 6, 2020 9:32am
The drop was here and so did i .
All out at daily s1 1.29438
yes yes yes
  • #510,953
  • Feb 6, 2020 9:35am Feb 6, 2020 9:35am
Im looking for a good retracement to go short....oh well.

good luck all!
LOCK IN RE-ENTER
  • #510,954
  • Feb 6, 2020 9:37am Feb 6, 2020 9:37am
Quoting Moty
The drop was here and so did i . All out at daily s1 1.29438
  • #510,955
  • Feb 6, 2020 9:39am Feb 6, 2020 9:39am
Quoting Moty
The drop was here and so did i . All out at daily s1 1.29438
Any plan for long?
  • #510,956
  • Feb 6, 2020 9:40am Feb 6, 2020 9:40am
Quoting gespiri
This is going to be ugly for a lot of traders.....
Looked like a double bottom at 1.29395 (with a little slippage).....we'll see since it's not over yet.
Lost....
  • #510,957
  • Feb 6, 2020 9:42am Feb 6, 2020 9:42am
think its time for bulls to make money too
99.9% persistence
  • #510,958
  • Feb 6, 2020 9:42am Feb 6, 2020 9:42am
2900 looks good for the short target , will give me 70 pips but may hold longer as they may slide it though before retesting 2900, will see how pa looks.
Follow The Markets Structure - Patience and Discipline
  • #510,959
  • Feb 6, 2020 9:51am Feb 6, 2020 9:51am
Quoting kuroro001
{quote} Overall GBP longs have been reduced from 59% to 52% In order for all these longs to be reduced we'd need a fall in prices. The best probability on the weekly would be to keep shorting rallies. Higher prices are just a super opportunity to sell into it for the time being {image} Thing is a rise in price should be equal to a rise from the longs. Its not the case right now. Especially when we are near the top of a move. So many weird things to watch out
And 1.2930 target finally reached

Make or break it here, watch out
COT: The precious data ignored
  • #510,960
  • Feb 6, 2020 9:51am Feb 6, 2020 9:51am
Quoting Coreg2004
{quote} Moty, same here...but keep your options open...possible Deep Crab in making but we don't know if C is already in place...You don't want to be surprised with ABC to the upside, do you?...just friendly reminder...I didn't enter a short trade yet. Edit: ups...my bad...corrected 30M chart. {image} {image}
finally, GU started to move...at least EU cooperated nicely... https://www.forexfactory.com/showthr...3#post12741473
Attached Image (click to enlarge)
Click to Enlarge Name: GU 02.06.30M.png Size: 89 KB
Always trade your own plan...I don't provide trading signals.
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