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Cable Update (GBPUSD)

  • #510,961
  • Feb 6, 2020 9:51am Feb 6, 2020 9:51am
Quoting Moty
The drop was here and so did i . All out at daily s1 1.29438
Thank you mr. Moty.
  • #510,962
  • Feb 6, 2020 9:52am Feb 6, 2020 9:52am
Quoting zuluremys
think its time for bulls to make money too
I think you might have a ways to go first...IMO

be carful and good luck
LOCK IN RE-ENTER
  • #510,963
  • Feb 6, 2020 10:00am Feb 6, 2020 10:00am
So far so good

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 36 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30after.png Size: 26 KB
Follow The Markets Structure - Patience and Discipline
  • #510,964
  • Feb 6, 2020 10:00am Feb 6, 2020 10:00am
looks it tries to avoid my tp at 2920 , instead 2904 , so target now 2904. lets see, . keeping intermediate target for eurusd 1.09560
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_ecnH4.png Size: 36 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #510,965
  • Feb 6, 2020 10:02am Feb 6, 2020 10:02am
Quoting gespiri
This is going to be ugly for a lot of traders.....
gespiri, check 1.29050 level on the daily chart (possible W_A)...@pipfarm has a valid point... maybe, just maybe traders position themselves for a double bottom?
Always trade your own plan...I don't provide trading signals.
  • #510,966
  • Feb 6, 2020 10:05am Feb 6, 2020 10:05am
Quoting vikinsa
260 Pips short from my zone: {image}
GBPUSD is about to reach my first target 1.2903. It is already a risk free trade.

Attached Image (click to enlarge)
Click to Enlarge Name: Vikinsa GBPUSD Short Trade Mid Week Feb 06 2020 Update-2 Reaching First Target.png Size: 120 KB
Technical Analyst & Trader @ Vikinsa
  • #510,967
  • Feb 6, 2020 10:08am Feb 6, 2020 10:08am
Attached Image (click to enlarge)
Click to Enlarge Name: 008 GBPUSD-4-hours.png Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #510,968
  • Feb 6, 2020 10:11am Feb 6, 2020 10:11am
Quoting WhiteMouseFX
{quote} Trading 75 lots with 80 pips SL, once is triggered, $60.000 will be gone.
WhiteMouseFX, I have done many stupid things in my life, but selling the bottom is not one of them. I'm getting ready for $160k for TP1.

Trade safe
Guz
Charts don't drive price, market conditions drive price...
  • #510,969
  • Feb 6, 2020 10:14am Feb 6, 2020 10:14am
Quoting Guztro
{quote} WhiteMouseFX, I have done many stupid things in my life, but selling the bottom is not one of them. I'm getting ready for $160k for TP1. Trade safe Guz
Im long too but what makes you think this is the bottom.
Personally I am looking at the support from 19 of December that this push is challenging. It looks like a very good entry.
  • #510,970
  • Feb 6, 2020 10:15am Feb 6, 2020 10:15am
Apsolute ideal time to look short ,
2 options ,side or more down
it broke something there lots would be wrong
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #510,971
  • Feb 6, 2020 10:16am Feb 6, 2020 10:16am
close longs like everyone else ,self propelling now
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #510,972
  • Feb 6, 2020 10:18am Feb 6, 2020 10:18am
Quoting Bones
close longs like everyone else ,self propelling now
The correct sell was yesterday at london open (which I took). Selling now at support is the riskiest thing you could do. Buying here allows a very tight SL And good risk-reward ratio. the Buy is probably wrong but nevertheless it's a very good trade to take.
  • #510,973
  • Feb 6, 2020 10:20am Feb 6, 2020 10:20am
Quoting Guztro
{quote} WhiteMouseFX, I have done many stupid things in my life, but selling the bottom is not one of them. I'm getting ready for $160k for TP1. Trade safe Guz

Hmmm 160k profit , you had between 300 and 400k profit and you let the price come back on you, i dont get your logic and now your going to go into drawdown
Follow The Markets Structure - Patience and Discipline
  • #510,974
  • Feb 6, 2020 10:20am Feb 6, 2020 10:20am
yea I was already short ,there's no buy
buy into bearish daily weekly monthly ???

Quoting MamounDeb
{quote} The correct sell was yesterday at london open (which I took). Selling now at support is the riskiest thing you could do. Buying here allows a very tight SL And good risk-reward ratio. the Buy is probably wrong but nevertheless it's a very good trade to take.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #510,975
  • Feb 6, 2020 10:24am Feb 6, 2020 10:24am
what im saying is now is good because it did something more by breaking the tl without doubt and support
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #510,976
  • Feb 6, 2020 10:24am Feb 6, 2020 10:24am
Beware longs, this is an Impulse wave , they can travel far, im expecting it to smash through everything, will hold let pa do its job
Follow The Markets Structure - Patience and Discipline
  • #510,977
  • Feb 6, 2020 10:25am Feb 6, 2020 10:25am
Quoting Bones
yea I was already short ,there's no buy buy into bearish daily weekly monthly ??? {quote}
Weekly is bullish, Daily is ranging and H4 is bearish.
This long is not a position that will 100% succeed. all I saying is that this trade allows a very tight SL with very good risk-reward.
Even if the SL is hit, it is worth a shot since we are in a ranging market.

Just to be clear, I have been selling rallies on cable, this long is logical because of a very strong support, otherwise, people should sell rallies.
  • #510,978
  • Feb 6, 2020 10:26am Feb 6, 2020 10:26am
Quoting Bones
close longs like everyone else ,self propelling now
hope so, after breaks down 2904 next support goes 2767
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 35 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #510,979
  • Feb 6, 2020 10:26am Feb 6, 2020 10:26am
im saying look for it could side it out
maybe tomorrow
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Daily.png Size: 46 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #510,980
  • Feb 6, 2020 10:26am Feb 6, 2020 10:26am
2922 is holding tonight ?
Intraday only.
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