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Cable Update (GBPUSD)

  • #511,321
  • Feb 10, 2020 1:39am Feb 10, 2020 1:39am
Quoting knkie
{quote} im joining SELL 2903
Oke. 2903 is pivot point. Lets see taking profit or not.
  • #511,322
  • Feb 10, 2020 1:45am Feb 10, 2020 1:45am
good morning daily chart downtrend channel,next major support area 1.27661(support level) to 1.27391(fibo 0.5 level)
no news to move up nether something big to push lower
momentum bearish reaching major support zone
action:wait
stay green
Attached Image (click to enlarge)
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  • #511,323
  • Feb 10, 2020 1:47am Feb 10, 2020 1:47am
Buy @ 1.2880 tp 1.295 sl 1.2870
  • #511,324
  • Feb 10, 2020 1:54am Feb 10, 2020 1:54am
Quoting pipfarm
Should sail through the 2755 minor support as we are now in a daily intermediate corrective wave with minor trend , probably a retest of 2755 once broken and then straight down to the 2585 intermediate support which will be the first real test for the bears. {image}

Expect a big push down with another 5 wave impulse from Fridays NFP levels, holidng my shorts from Friday, will decide at minor support 2775 to take profit or hold
Follow The Markets Structure - Patience and Discipline
  • #511,325
  • Feb 10, 2020 2:00am Feb 10, 2020 2:00am
i realy dont understand why "traders"// keep buying this pound while obvious its falling knifes..
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #511,326
  • Feb 10, 2020 2:03am Feb 10, 2020 2:03am
Quoting knkie
{quote} im joining SELL 2903
exit +25 pips
in wondering about yourself, you forgot what you came here to be part of
  • #511,327
  • Feb 10, 2020 2:06am Feb 10, 2020 2:06am
Quoting knkie
{quote} exit +25 pips
well done ,my target more lower at S2 zone
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #511,328
  • Feb 10, 2020 2:08am Feb 10, 2020 2:08am
Quoting Almo2312
{quote} well done ,my target more lower at S2 zone
thanx almo
im letting price pullback from that drop ... i will be going short again
in wondering about yourself, you forgot what you came here to be part of
  • #511,329
  • Feb 10, 2020 2:12am Feb 10, 2020 2:12am
Quoting Moty
I got out of concentration on Friday. I was locked into a scenario that didn't run good and didn't rely on any logic analysis. there was no reason to look for here long. Yes sometimes the price goes against the forecasts, but the cases where the market is going where it needs to go are in higher percentages. The problem is that I want to hit my forecast every day, which is something that doesn't exist. You win some and you lkose , the wisdom is to lose as little as possible in the event you make a mistake, or as they say, cut your losses short,...
this was actually a very good post of yours Moty.
I do hope you will follow your own advice: start using Stops and Dump Bad Trades before they corner you.
in wondering about yourself, you forgot what you came here to be part of
  • #511,330
  • Feb 10, 2020 2:24am Feb 10, 2020 2:24am
broke weekly

Quoting Bones
gut feeling is it will go side or drift down ,as its oversold Ideally it cannot pass that support box discussed last week.I think could be significant it took it Friday. which can give a nice one direction weekly next. side under that level or down but early days {image}
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,331
  • Feb 10, 2020 2:27am Feb 10, 2020 2:27am
I see 40 pips on the downside until the price meets the 200MA on the daily chart. 2-6 February
Risk Management is of utmost importance!
  • #511,332
  • Feb 10, 2020 2:29am Feb 10, 2020 2:29am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Weekly.png Size: 53 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,333
  • Feb 10, 2020 2:40am Feb 10, 2020 2:40am
Quoting Almo2312
i realy dont understand why "traders"// keep buying this pound while obvious its falling knifes..
scalping maybe
  • #511,334
  • Feb 10, 2020 2:41am Feb 10, 2020 2:41am
Quoting Almo2312
i realy dont understand why "traders"// keep buying this pound while obvious its falling knifes..
They keep buying so you can keep selling.....it's a zero sum game.
Lost....
  • #511,335
  • Edited 3:12am Feb 10, 2020 2:41am | Edited 3:12am
Quoting Bones
broke weekly {quote} {image}
new low @1.28446
  • #511,336
  • Feb 10, 2020 2:46am Feb 10, 2020 2:46am
Bears trap
Attached Image (click to enlarge)
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Asian session unil lo still no break
Sometimes it is great to catch the break at the fo or even before, but not this time
Attached Image (click to enlarge)
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yes yes yes
  • #511,337
  • Feb 10, 2020 2:50am Feb 10, 2020 2:50am
Quoting left-brained
Buy @ 1.2880 tp 1.295 sl 1.2870
Aiming for at least Friday's high
  • #511,338
  • Feb 10, 2020 2:56am Feb 10, 2020 2:56am
Quoting Moty
Bears trap{image} Asian session unil lo still no break Sometimes it is great to catch the break at the fo or even before, but not this time{image}
oh man..,bears land..

protect your invest..

trade safe
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #511,339
  • Feb 10, 2020 3:04am Feb 10, 2020 3:04am
Quoting Bones
broke weekly {quote} {image}
not sure if u do Elliott waves

assuming we are in wave 3 what u think about the shape and PA ? its kind of slow and complicated compared to wave 1

and this might make me think we are in wave C instead of 3

perhaps we are due to a bounce near 1.3000 area before down again
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  • #511,340
  • Feb 10, 2020 3:27am Feb 10, 2020 3:27am
Quoting msniper
{quote} not sure if u do Elliott waves assuming we are in wave 3 what u think about the shape and PA ? its kind of slow and complicated compared to wave 1 and this might make me think we are in wave C instead of 3 perhaps we are due to a bounce near 1.3000 area before down again {image}
isnt it amazing that Elliott's last name was Wave ?

i used to know a baker and his last name was ""Flour"
in wondering about yourself, you forgot what you came here to be part of
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