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Cable Update (GBPUSD)

  • #527,281
  • Edited 8:31pm Jun 11, 2020 8:16pm | Edited 8:31pm
you can't change it stop guessing

I use my Ig feed its clearer (12 gmt close-forget Sunday)
its gap up - shaven hang man
hang man

thats 2 warnings
then shooting star

confirmation of all those candles no buyers
next candle today, opens with no buyers

The D1 open changing much or out over the box maybe is the only thing that will change my mind ,todays candle will continue, its confirmed straight off bat
Anyway best case is back to w1 open as the weekly is bearish already

Then maybe back to touch that untouched falling line, next week
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #527,282
  • Jun 11, 2020 8:18pm Jun 11, 2020 8:18pm
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yes yes yes
  • #527,283
  • Jun 11, 2020 8:21pm Jun 11, 2020 8:21pm
SHORT 1.25522
  • #527,284
  • Jun 11, 2020 8:23pm Jun 11, 2020 8:23pm
Long executed @1.2550 Tp 1.2625-40s, another long will be added around 1.2525 if price reaches..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #527,285
  • Jun 11, 2020 8:24pm Jun 11, 2020 8:24pm
Quoting Georginson
{quote} The crash is easier than rise comment is in the context of this current rate at 1.2770. I have looked carefully into price behavior of this scenario and came out with these observations : * month of June usually have ranges between 400 - 500 pips and the current range is 454 pips (meaning up movement is now very likely limited. * Year 2013 had 1500 pips decline from opening price and picked a strong reversal up at a point in time in month of June with range 530 pips and crash was what followed back to the opening price (2020 also has 1800...
I gave this explanation when price was hovering at 1.2770/1.2800 for this imminent crash!
Data + Stat + Risk/Emotions Management
  • #527,286
  • Jun 11, 2020 8:26pm Jun 11, 2020 8:26pm
to me, if 2540 holds, then 1.2645 pivot first and then daily R1 which is 2708.

However, 2645 guaranteed if 2540 stops this madness.This is for today
Intraday only.
  • #527,287
  • Jun 11, 2020 8:28pm Jun 11, 2020 8:28pm
this weekly is likely to close bearish ,maybe dark cloud with the gap up and upper wick
It was shooting star at the beginning of the day today.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #527,288
  • Jun 11, 2020 8:28pm Jun 11, 2020 8:28pm
Quoting Moty
i was wrong took a big lose {image} {image} {image}
And maybe you are wrong again.
Together we can be strongest
Vantage Return This Month: na
  • #527,289
  • Jun 11, 2020 8:29pm Jun 11, 2020 8:29pm
Quoting navk
real madness. Continuous fall. No reprieve.
It is no madness mate... The fall was anticipated to happen quickly and aggressively to 1.25 level... Some 50-100 pips retracement to happen then a further crash to 1.2300 will follow this June. I made reference to June 2013 December 2019, April 2018 and November 2018.
Data + Stat + Risk/Emotions Management
  • #527,290
  • Jun 11, 2020 8:30pm Jun 11, 2020 8:30pm
Quoting Bones
you can't change it stop guessing I use my Ig feed its clearer (12 gmt close-forget Sunday) its gap up - shaven hang man hang man thats 2 warnings then shooting star confirmation of those candles no buyers next candle today, opens with no buyers The D1 open changing much or out over the box maybe is the only thing that will change my mind ,todays candle will continue, its confirmed straight off bat Anyway best case is back to w1 open as the weekly is bearish already Then maybe back to touch that untouched falling line, next week {image}
yeah, day opened with no buyers, tokyo no buyers today, NY yesterday no buyers.

London yesterday some buyers.
Intraday only.
  • #527,291
  • Jun 11, 2020 8:34pm Jun 11, 2020 8:34pm
Quoting Georginson
{quote} It is no madness mate... The fall was anticipated to happen quickly and aggressively to 1.25 level... Some 50-100 pips retracement to happen then a further crash to 1.2300 will follow this June. I made reference to June 2013 December 2019, April 2018 and November 2018.
My trusted methodology, is, if NY trend continues in asia, then reversal at S1 or R1 or Frankfurt whichever comes first.

But for greater liquidity, i would prefer frankfurt.
Intraday only.
  • #527,292
  • Jun 11, 2020 8:34pm Jun 11, 2020 8:34pm
Quoting Siame
SHORT 1.25522
ADDED 1.215513

GU tends to disregard near support structures during freefall. I expect another drop to 1.25210 as my near-term target.

SELL-LIMITs in place ahead of London spike.
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  • #527,293
  • Jun 11, 2020 8:34pm Jun 11, 2020 8:34pm
Quoting navk
real madness. Continuous fall. No reprieve.
Wasn't practically like that on the way up?
Learn from your mistakes and march on.
  • #527,294
  • Jun 11, 2020 8:36pm Jun 11, 2020 8:36pm
Quoting here2there
{quote} Wasn't practically like that on the way up?
true
Intraday only.
  • #527,295
  • Jun 11, 2020 8:39pm Jun 11, 2020 8:39pm
Quoting Moty
{image}{image}
your pic shows different pivot levels.

see my system pivots.
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Intraday only.
  • #527,296
  • Jun 11, 2020 8:46pm Jun 11, 2020 8:46pm
Quoting navk
{quote} My trusted methodology, is, if NY trend continues in asia, then reversal at S1 or R1 or Frankfurt whichever comes first. But for greater liquidity, i would prefer frankfurt.
Yeah some short term reversal is due to 1.2600/1.2620. Should this Asia Low hold, then 1.2645 will happen before further fall to target 1.2300 this same June.
Data + Stat + Risk/Emotions Management
  • #527,297
  • Jun 11, 2020 8:49pm Jun 11, 2020 8:49pm
Quoting Siame
{quote} ADDED 1.215513 GU tends to disregard near support structures during freefall. I expect another drop to 1.25210 as my near-term target. SELL-LIMITs in place ahead of London spike. {image}
Why not long from here since your anticipated further short term fall is 30 pips while you can gather 50-70 pips buying it from 1.2550.
Data + Stat + Risk/Emotions Management
  • #527,298
  • Jun 11, 2020 8:52pm Jun 11, 2020 8:52pm
Quoting navk
{quote} true
The market isn't what it used to be. Where there was more probability under certain conditions that a trade would go a certain way, now almost everything has been thrown off balance as a result of all the chaos happening around the world. Stuff that used to work well either no longer works or isn't as effective as it used to be. In short, the market is a mess. All one can do is either jump on board and take a chance or stay out.
Learn from your mistakes and march on.
  • #527,299
  • Jun 11, 2020 8:56pm Jun 11, 2020 8:56pm
Quoting Georginson
{quote} Yeah some short term reversal is due to 1.2600/1.2620. Should this Asia Low hold, then 1.2645 will happen before further fall to target 1.2300 this same June.
I see a different PA being day trader.

If market holds S1 or R1 it reverses back to pivot.

ADR in this case would be s1 to pivot is 100 pips.

Next day, another day.
Intraday only.
  • #527,300
  • Jun 11, 2020 9:01pm Jun 11, 2020 9:01pm
Quoting navk
{quote} your pic shows different pivot levels. see my system pivots. {image}
both of my pivot indi's show that daily s1 is at 1.2511
the investing calculator is also showing that
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yes yes yes
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