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Cable Update (GBPUSD)

  • #512,121
  • Feb 18, 2020 5:51am Feb 18, 2020 5:51am
Hi guys,
First of all thank you for all the great input you give us - viewers. I am only the viewer but decided to take part.

My view:
0 - Daily demand
1 - H4 demand in Daily demand - I entered here 1st position BUY
2 - perfect Bear trap, resistance trandline, and structure say down - entered second time, because the 3 supply doesn't count
3 - middle supply - not important
4 - supply almost eaten - it should be broken fast
5 - strong supply - price will fall back from this zone, but not for long I suppose
6 - Daily & H4 Supply - strong, I suspect turning point here
This is just my view, please do not follow it works until it doesn't..

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  • #512,122
  • Feb 18, 2020 6:35am Feb 18, 2020 6:35am
look at the pin bar in 4hr
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Intraday only.
  • #512,123
  • Feb 18, 2020 7:01am Feb 18, 2020 7:01am
Daily 50 sma acting for now as ressistence.
1.30446
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yes yes yes
  • #512,124
  • Edited 7:40am Feb 18, 2020 7:27am | Edited 7:40am
perfect pa , 3045 taken out & now correcting for 3002/8 ( 3027- may be enough though)to see it rests top to hold or tank next . gold need to breaks & hold 1584.92 to have good taking signal early.Take care

usdx bull as expected and gold also jumped up in fear , market unrest!
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #512,125
  • Feb 18, 2020 7:44am Feb 18, 2020 7:44am
Quoting zuluremys
Waiting for gbpusd to clear the tops. That when I I ll be thinking of trading this pair


Absolutely right, retail traders love trading the very short term swings and guess what, most of them are in the 95% club and will stay there.
Follow The Markets Structure - Patience and Discipline
  • #512,126
  • Feb 18, 2020 7:49am Feb 18, 2020 7:49am
GU is going south.First 1.27 level and then 1.23 level coming.Can someone give me reasons why GU will go up?No not at all.South we go.
Make it Green
  • #512,127
  • Feb 18, 2020 7:50am Feb 18, 2020 7:50am
Quoting pipfarm
{quote} Absolutely right, retail traders love trading the very short term swings and guess what, most of them are in the 95% club and will stay there.
sure...

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  • #512,128
  • Feb 18, 2020 7:56am Feb 18, 2020 7:56am
Quoting thevisitor
{quote} sure... {image}

Don't take it personally, but yes that is a classic retail trade even with 4 lots, size of trade is not the distinguishing difference between retail and pro positioning..
Follow The Markets Structure - Patience and Discipline
  • #512,129
  • Feb 18, 2020 8:12am Feb 18, 2020 8:12am
Quoting thevisitor
{quote} sure... {image}
Why the .01? Just asking.
Focus.
  • #512,130
  • Feb 18, 2020 8:16am Feb 18, 2020 8:16am
usdx got the very target already & may try for more , new highs . gold continues spike, but may tank at any time, signal now 1590.40
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #512,131
  • Feb 18, 2020 8:24am Feb 18, 2020 8:24am
Quoting Marco-Kanto
{quote} Why the .01? Just asking.
Could be a demo account? Maybe...
Gone to a better place
  • #512,132
  • Feb 18, 2020 8:26am Feb 18, 2020 8:26am
Eu just hit my target 10788 which posted over 9 months now so will GU follow suit target 2750 area and below . Further lows EU Possible1.065
  • #512,133
  • Feb 18, 2020 8:32am Feb 18, 2020 8:32am
Quoting Marco-Kanto
{quote} Why the .01? Just asking.
it's my lucky number
  • #512,134
  • Feb 18, 2020 8:36am Feb 18, 2020 8:36am
Quoting fontu
usdx got the very target already & may try for more , new highs . gold continues spike, but may tank at any time, signal now 1590.40 {image}
Quoting Coreg2004
{quote} fontu, the first target of Gartley pattern reached and all depends on tomorrow's NFP data...yeah, I know that GU is weighted only at 12% in DX... {image}
DX going up, going up...
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and GU doesn't give any...so far.
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Always trade your own plan...I don't provide trading signals.
  • #512,135
  • Feb 18, 2020 8:42am Feb 18, 2020 8:42am
Switched to long
Back to the original plane.
Tp 1.30688 daily R2 and neckline ofvthe inverted h&s
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yes yes yes
  • #512,136
  • Feb 18, 2020 8:44am Feb 18, 2020 8:44am
Quoting Moty
Switched to long Back to the original plane. Tp 1.30688 daily R2 and neckline ofvthe inverted h&s {image}
I think going long in GU at these level is just flipping a coin

we still making lower highs and also we didn't break Friday high

once we have closing above this flag or penetrating the 1.3070 then we can talk about the upside

at this time it can go both north or south
  • #512,137
  • Feb 18, 2020 9:01am Feb 18, 2020 9:01am
Dx is at significant ressistence
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yes yes yes
  • #512,138
  • Edited 9:24am Feb 18, 2020 9:10am | Edited 9:24am
Quoting Coreg2004
{quote} {quote} DX going up, going up...{image} and GU doesn't give any...so far.{image}
got good resistance or too happy to accomplish perhaps , anyway unrest market today. bull ok over 99.16 or even 99.02 .watching. take care
Attached Image(s) (click to enlarge)
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Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #512,139
  • Feb 18, 2020 9:22am Feb 18, 2020 9:22am
Quoting fontu
{quote} got good resistance or too happy to accomplish perhaps , anyway unrest market today. bull ok over 99.16 or even 99.02 .watching. take care {image}

So you first quote the daily time frame in your image and when someone does not agree with you, switch to the 15 in your new image to try and make it look good, im with coreg2004 it going up more, all you did by dropping to the 15 minute is highlight a small retrace in an otherwise much larger trend, how ridiculous that is.
Follow The Markets Structure - Patience and Discipline
  • #512,140
  • Feb 18, 2020 9:23am Feb 18, 2020 9:23am
Quoting corongumet
{quote} Its hand book of elliot wave
corongumet, anything you can grab and read/study...after 2 years you will be amazed and PA won't be a mystery.
Always trade your own plan...I don't provide trading signals.
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