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Cable Update (GBPUSD)

  • #512,341
  • Feb 20, 2020 5:58am Feb 20, 2020 5:58am
KabooooM
just for a cup of coffee...
  • #512,342
  • Feb 20, 2020 5:59am Feb 20, 2020 5:59am
Quoting Theoak
sort in at 1.2866
OUT +15
Don't trade what you think. Just what you see!!!
  • #512,343
  • Feb 20, 2020 6:14am Feb 20, 2020 6:14am
Test and retest
  • #512,344
  • Feb 20, 2020 6:29am Feb 20, 2020 6:29am
Quoting Theoak
{quote} OUT +15
Short in at 1.2866
Don't trade what you think. Just what you see!!!
  • #512,345
  • Feb 20, 2020 7:15am Feb 20, 2020 7:15am
Quoting Coreg2004
{quote} Now I expect 1.2818 level to be in play because weekly low was taken out... {image} {image}
2850 is old number. so holding.

This augurs well for bullish day tomorrow.
Intraday only.
  • #512,346
  • Feb 20, 2020 8:30am Feb 20, 2020 8:30am
oversold ,adjusted pivot zone slightly

Quoting Bones
under there is bear {quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 007 GBPUSD-1-hour.png Size: 26 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,347
  • Feb 20, 2020 8:31am Feb 20, 2020 8:31am
three confirmations needed.

any TF.

JUST testing this.

no MACD, NO Moving average. Purely price action based.
Attached Image (click to enlarge)
Click to Enlarge Name: Infinox Capital Metatrader 4.png Size: 83 KB
Intraday only.
  • #512,348
  • Feb 20, 2020 8:33am Feb 20, 2020 8:33am
2850 -> 3050
Everyone can see the chart, but only a few can actually read it.
  • #512,349
  • Feb 20, 2020 8:34am Feb 20, 2020 8:34am
see d1
Quoting Bones
{quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 777 GBPJPY-4-hours.png Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,350
  • Feb 20, 2020 8:34am Feb 20, 2020 8:34am
this is another, GU.

Interesting, purely price action based.

no repainting indicators, no ditching hormonics.
Attached Image (click to enlarge)
Click to Enlarge Name: Infinox Capital Metatrader 4.png Size: 86 KB
Intraday only.
  • #512,351
  • Feb 20, 2020 9:15am Feb 20, 2020 9:15am
Quoting corongumet
buy 1.29248 SL 1.28827 TP 1.29698 Sell 1.28827 SL. 1.29248 TP 1.28377 every +200 Pending order touched, change to BE. Thanks\ my technique uses only price, + support and resistance. do not use other supporting indicators, other than the price itself Trade Safe Coro {image}
Sell stop touched BE


Im out for today.

Stay green
Coro
  • #512,352
  • Feb 20, 2020 9:39am Feb 20, 2020 9:39am
Quoting ChopinTrader
{image} GBP/USD in consolidation mode and getting squeezed. Possible breakout brewing one way or the other. Using price as indicator, currently neutral and if price is trading above 1.3100 will be long and if below 1.2975 I will be short.
Took some profits, looking to get short again... i see some support around 1.2785 level
  • #512,353
  • Feb 20, 2020 10:14am Feb 20, 2020 10:14am
Quoting Bones
see d1 {quote} {image}
Plenty of room on monthly.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ_monthly.png Size: 156 KB
Everyone can see the chart, but only a few can actually read it.
  • #512,354
  • Feb 20, 2020 11:04am Feb 20, 2020 11:04am
Quoting Bones
no {quote}
why whats your expectation ? its 112 now it will keep going 113 and 114 without retracement ? I just think 112.80 area is good area for 200 to 400 pips retracement
  • #512,355
  • Feb 20, 2020 11:51am Feb 20, 2020 11:51am
Quoting msniper
I think its under control by USDJPY at the moment I can see USDJPY topping around 112.80 and go back to 108 so GBPJPY might hit 145ish then down I guess
I don't know what you see on USDJPY weekly chart that might indicate it is going back to 108 any time soon. It is OB and at R level, yes, but it will be just a correction.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ week.JPG Size: 75 KB
  • #512,356
  • Feb 20, 2020 11:57am Feb 20, 2020 11:57am
how to avoid counter trend trade on daily basis?

some examples.

Go by Strength and candles. Targets ? sweet spots.
Attached Image (click to enlarge)
Click to Enlarge Name: Alpari MT4.png Size: 85 KB
Intraday only.
  • #512,357
  • Feb 20, 2020 12:13pm Feb 20, 2020 12:13pm
Quoting navk
how to avoid counter trend trade on daily basis? some examples. Go by Strength and candles. Targets ? sweet spots. {image}
what is that indicator you are using? would you mind sharing?
  • #512,358
  • Feb 20, 2020 12:15pm Feb 20, 2020 12:15pm
which way ?

Quoting OnlineAddict
{quote} Plenty of room on monthly. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,359
  • Feb 20, 2020 12:24pm Feb 20, 2020 12:24pm
its a bearish daily and bearish weekly
some kind of channel ,guess h1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD-Daily.png Size: 49 KB
Click to Enlarge Name: 22 GBPUSD-1-hour.png Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,360
  • Feb 20, 2020 12:29pm Feb 20, 2020 12:29pm
not sure I'm thinking its about time gbp showed its hand ,Usd+Jpy have been busy

Quoting msniper
{quote} why whats your expectation ? its 112 now it will keep going 113 and 114 without retracement ? I just think 112.80 area is good area for 200 to 400 pips retracement
On-site guru & also FF member's' psychiatrist, when not drinking tea
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