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Cable Update (GBPUSD)

  • #511,101
  • Feb 7, 2020 5:33am Feb 7, 2020 5:33am
Quoting zuluremys
i think its going down
Better not write anything at all.
Lost....
  • #511,102
  • Feb 7, 2020 5:41am Feb 7, 2020 5:41am
shorted gj. stop 142.32.
Intraday only.
  • #511,103
  • Feb 7, 2020 5:43am Feb 7, 2020 5:43am
good data overall for usd to move forwards . waiting
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #511,104
  • Feb 7, 2020 5:45am Feb 7, 2020 5:45am
Yep that higher low higher high on 1 hour possible bull trap, but we shall see as i have my buy and sell stop in a good place for either side, at least i hope so.

For sure if the low 2921 breaks this is gonna be one giant impulse wave.
Follow The Markets Structure - Patience and Discipline
  • #511,105
  • Feb 7, 2020 5:46am Feb 7, 2020 5:46am
Quoting fontu
good data overall for usd to move forwards . waiting
Avg hourly earnings +0.2% m/m vs +0.3% exp

Not good for GU bears...
Charts don't drive price, market conditions drive price...
  • #511,106
  • Feb 7, 2020 5:58am Feb 7, 2020 5:58am
its bearish ! take the h1
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,107
  • Feb 7, 2020 5:59am Feb 7, 2020 5:59am
payroll good ,you cannot change the weekly that looks like that,
that was true yesterday

Quoting Bones
here I did it for you {quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 1 GBPUSD-4-hours.png Size: 29 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,108
  • Feb 7, 2020 6:00am Feb 7, 2020 6:00am
H4 pinbar shows the way down
  • #511,109
  • Feb 7, 2020 6:01am Feb 7, 2020 6:01am
looks like it going to 1.29041
Attached Image (click to enlarge)
Click to Enlarge Name: GU1.png Size: 32 KB
yes yes yes
  • #511,110
  • Feb 7, 2020 6:03am Feb 7, 2020 6:03am
it will not stop until to major level
thats not a major level were at
I mean this week or next ,it will close bearish
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Weekly.png Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,111
  • Feb 7, 2020 6:05am Feb 7, 2020 6:05am
highest probability you can get
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,112
  • Edited 6:17am Feb 7, 2020 6:07am | Edited 6:17am
Quoting Guztro
{quote} Avg hourly earnings +0.2% m/m vs +0.3% exp Not good for GU bears...
that is why overall , as more than average employment change , should have huge impact , waiting first 2887 test. while eurusd go below 1.0940 towards bottom. anyway do not bother the news , following normal pa
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_ecnH4.png Size: 24 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #511,113
  • Feb 7, 2020 6:07am Feb 7, 2020 6:07am
Quoting Moty
looks like it going to 1.290041

Have another look , if 2904 breaks , look at the daily , we are out of the range and trending down
Follow The Markets Structure - Patience and Discipline
  • #511,114
  • Feb 7, 2020 6:10am Feb 7, 2020 6:10am
Quoting pipfarm
{quote} Update again my trade plan, the short trade stop was taken out for +27 so now , i have the buy stop at 2962 (s/l below 2021 low) for target around the 3070 high and i will place a sell stop below the low at 2919 with target open

Trade update,

Cancelled buy stop , still have sell stop below 2921 but fully loaded for the drop to to 2585 by the end of next week
Follow The Markets Structure - Patience and Discipline
  • #511,115
  • Feb 7, 2020 6:10am Feb 7, 2020 6:10am
Quoting Bones
its bearish ! take the h1
NFP won't help the bears . You and pipfarm should consider moving your stop loss to 1.3380. Pipfarm changed his trading plan twice today already..signs of a trader who doesn't really know what he is doing. Why don't you throw more shorts, or are you not as confident as yesterday that this is going to fall through the floor? I haven't touched my plan, I'm still long

Here's how this is going to play out.

Cheers!
Guz
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 63 KB
Charts don't drive price, market conditions drive price...
  • #511,116
  • Feb 7, 2020 6:14am Feb 7, 2020 6:14am
Quoting Bones
it will not stop until to major level thats not a major level were at I mean this week or next ,it will close bearish {image}
still few hours until the weekly close

any weekly candle close below 1.2960~1.2975 I would say the bear wins and I might just stop loss my long
  • #511,117
  • Feb 7, 2020 6:15am Feb 7, 2020 6:15am
took long at yesterday low , 1.29216 .
dx can't break 98.475
Attached Image (click to enlarge)
Click to Enlarge Name: GU1.png Size: 25 KB
yes yes yes
  • #511,118
  • Feb 7, 2020 6:16am Feb 7, 2020 6:16am
Quoting Guztro
{quote} NFP won't help the bears . You and pipfarm should consider moving your stop loss to 1.3380. Pipfarm changed his trading plan twice today already..signs of a trader who doesn't really know what he is doing. Why don't you throw more shorts, or are you not as confident as yesterday that this is going to fall through the floor? I haven't touched my plan, I'm still long Here's how this is going to play out. Cheers! Guz {image}
this is my original plan since 3 weeks but its not working until now all disappointments loool the few hours left for weekly close will show the truth
  • #511,119
  • Feb 7, 2020 6:16am Feb 7, 2020 6:16am
no ! end of the day your see a bearish weekly candle close at the bottom

Quoting msniper
{quote} still few hours until the weekly close any weekly candle close below 1.2960~1.2975 I would say the bear wins and I might just stop loss my long
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,120
  • Feb 7, 2020 6:16am Feb 7, 2020 6:16am
Quoting Guztro
{quote} NFP won't help the bears . You and pipfarm should consider moving your stop loss to 1.3380. Pipfarm changed his trading plan twice today already..signs of a trader who doesn't really know what he is doing. Why don't you throw more shorts, or are you not as confident as yesterday that this is going to fall through the floor? I haven't touched my plan, I'm still long Here's how this is going to play out. Cheers! Guz {image}
It is all about risk reward for me. Possible low is 1.2850 and possible high still sights 1.3500, risk for selling is just too much.
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