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Cable Update (GBPUSD)

  • #513,261
  • Mar 5, 2020 6:29am Mar 5, 2020 6:29am
Quoting Theoak
{quote} I want this to keep going up. I'll then again look for the retrace move then jump on the up wave. Got to go up first to be confident!!!
Did not go up, so short in at 1.2914
Don't trade what you think. Just what you see!!!
  • #513,262
  • Mar 5, 2020 6:30am Mar 5, 2020 6:30am
Possible bearish pattern at the hourly chart, 2935->2835.
Everyone can see the chart, but only a few can actually read it.
  • #513,263
  • Mar 5, 2020 6:40am Mar 5, 2020 6:40am
Quoting Theoak
{quote} Did not go up, so short in at 1.2914
+ 9 pips . Taken the sensible money has it could bounce off the 5 min lows. Good chance will break, but that life!!!!!
Don't trade what you think. Just what you see!!!
  • #513,264
  • Mar 5, 2020 6:44am Mar 5, 2020 6:44am
Quoting Bones
There you go H1 failed ,you can't change it in that h4 side or up next overbrought {image}
You're eyeing 1.2970+?
Lost....
  • #513,265
  • Mar 5, 2020 6:46am Mar 5, 2020 6:46am
Quoting Theoak
{quote} + 9 pips . Taken the sensible money has it could bounce off the 5 min lows. Good chance will break, but that life!!!!!
This market is starting to go bearish. This is the ideal direction I want to go. If it breaks the 5 min lows I'm shorting!!!
Don't trade what you think. Just what you see!!!
  • #513,266
  • Mar 5, 2020 6:50am Mar 5, 2020 6:50am
Quoting Theoak
{quote} This market is starting to go bearish. This is the ideal direction I want to go. If it breaks the 5 min lows I'm shorting!!!
I'm in 1.2900 short. I hope this moves quick!!! small stop loss
Don't trade what you think. Just what you see!!!
  • #513,267
  • Mar 5, 2020 7:01am Mar 5, 2020 7:01am
Quoting Theoak
{quote} I'm in 1.2900 short. I hope this moves quick!!! small stop loss
- 16 pips loss
Don't trade what you think. Just what you see!!!
  • #513,268
  • Mar 5, 2020 7:13am Mar 5, 2020 7:13am
Quoting Theoak
{quote} - 16 pips loss
5 min has made a lower high. The 5 mins lows hopefully will break this time
This time short 1.2907
Don't trade what you think. Just what you see!!!
  • #513,269
  • Mar 5, 2020 7:17am Mar 5, 2020 7:17am
Entered short
Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 42 KB
  • #513,270
  • Mar 5, 2020 7:52am Mar 5, 2020 7:52am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 40 KB
Follow The Markets Structure - Patience and Discipline
  • #513,271
  • Mar 5, 2020 8:03am Mar 5, 2020 8:03am
Buy
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200305-210242.png Size: 184 KB
I do not recommend anything, please blame me not. Thanks
  • #513,272
  • Mar 5, 2020 8:04am Mar 5, 2020 8:04am
I personally long and aim for 1.3017
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #513,273
  • Mar 5, 2020 8:14am Mar 5, 2020 8:14am
Quoting Almo2312
I personally long and aim for 1.3017

For me long only if retrace back to 2858 and some minor continuation trend up to 3018

But im still favouring short if i get a set up because this daily swing has not finished yet
Follow The Markets Structure - Patience and Discipline
  • #513,274
  • Mar 5, 2020 8:22am Mar 5, 2020 8:22am
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 60 KB
yes yes yes
  • #513,275
  • Mar 5, 2020 8:26am Mar 5, 2020 8:26am
Quoting Almo2312
I personally long and aim for 1.3017
I put long from 1.28 and TP 100 pips above it yesterday. But today it GBPUSD have very strong bullish momentum. Yes it could retrace abit before continue its momentum.

There is consolidation and Imbalance far below. But it will not retrace back to it as it has new support.
Today I do not buy it, just giving projection.
I do not recommend anything, please blame me not. Thanks
  • #513,276
  • Mar 5, 2020 8:29am Mar 5, 2020 8:29am
Possible Head n shoulders setup forming. This is the target using the extension of the first shoulder.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 90 KB
  • #513,277
  • Mar 5, 2020 9:27am Mar 5, 2020 9:27am
Quoting hocius
Possible Head n shoulders setup forming. This is the target using the extension of the first shoulder. {image}
Retail market outlook 63% short, 37% long
Very very strong bullish momentum.
I do not recommend anything, please blame me not. Thanks
  • #513,278
  • Mar 5, 2020 9:35am Mar 5, 2020 9:35am
Quoting MattZander
{quote} Retail market outlook 63% short, 37% long Very very strong bullish momentum.
what what what? From where do you find this info? IG, one of the larger FX for retail is exactly the opposite... 65% long, 35% short...

https://www.ig.com/en/forex/markets-forex/gbp-usd
  • #513,279
  • Mar 5, 2020 9:40am Mar 5, 2020 9:40am
Quoting krst8
{quote} what what what? From where do you find this info? IG, one of the larger FX for retail is exactly the opposite... 65% long, 35% short... https://www.ig.com/en/forex/markets-forex/gbp-usd
https://www.myfxbook.com/community/outlook
Everyone can see the chart, but only a few can actually read it.
  • #513,280
  • Mar 5, 2020 10:03am Mar 5, 2020 10:03am
Quoting gespiri
{quote} You're eyeing 1.2970+?
yea
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