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Cable Update (GBPUSD)

  • #531,441
  • Jun 26, 2020 10:13am Jun 26, 2020 10:13am
Think we are going for a visit to level 3. That is the area where my target is going to be for my long term short scout (1.28).
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You cant beat the MM - so join them!!!
  • #531,442
  • Jun 26, 2020 10:14am Jun 26, 2020 10:14am
Quoting SatrapRS
{quote} Same here, what are you targetting?
The moon!
  • #531,443
  • Jun 26, 2020 10:15am Jun 26, 2020 10:15am
Quoting Scotteyy
{quote} The moon!
  • #531,444
  • Jun 26, 2020 10:15am Jun 26, 2020 10:15am
watching if 1.23336 hold , then extension down to continue , breaks up then correction towards 2347/77 areas to down perhaps
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #531,445
  • Jun 26, 2020 10:15am Jun 26, 2020 10:15am
Could make for an interesting weekly candle close today? Aforementioned...76.4% fib - of that 2161-2813 at the current daily lo. A serious downside breech of the 4hr/daily asc t/line and 1hr, 2hr, 4hr, - and now daily t/f's are in downtrends - by this measure. 85% of the 12 month amr travelled so far this mth but still only 65% of the 26 week awr so far this week on the last trading day ofr the week. Today 102% of the 30 day adr.
Trader with an Edge.
  • #531,446
  • Jun 26, 2020 10:17am Jun 26, 2020 10:17am
Quoting Almo2312
{quote} thats will be very interesting
Clue in the weekly chart . They can't hide it .

Have a great weekend.
  • #531,447
  • Jun 26, 2020 10:30am Jun 26, 2020 10:30am
Quoting abhilash
{quote} Clue in the weekly chart . They can't hide it . Have a great weekend.
Init close lower! Give me a proper hammer!
  • #531,448
  • Jun 26, 2020 10:49am Jun 26, 2020 10:49am
2995 next 2270
  • #531,449
  • Jun 26, 2020 10:54am Jun 26, 2020 10:54am
Quoting Theoak
{quote} Buy in at 1.2328 Don't try this at home folks!
Out just a few pips for me beer money. London closes soon!! so out!!!
Don't trade what you think. Just what you see!!!
  • #531,450
  • Jun 26, 2020 11:06am Jun 26, 2020 11:06am
Attached Image (click to enlarge)
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shorting from the top as posted false breakout to the top . So I am still looking for it to hit that tl you can see around 2290 area and that would or could give us ???? Answers on a post please
  • #531,451
  • Jun 26, 2020 11:10am Jun 26, 2020 11:10am
Quoting Georginson
I maintain a bearish stand with weekly possible top at 1.2535-1.2575 before a quick and aggressive drop to 1.2310-1.2280 levels... Price trading at 1.2522 as at time of typing.
They were almost calling for my head when I made this call... I projected weekly top at 1.2535/1.2575 and weekly top actually hit 1.2541... I projected weekly low at 1.2310/1.2280 now weekly low at 1.2314 so far... The best is yet to come...
Data + Stat + Risk/Emotions Management
  • #531,452
  • Jun 26, 2020 11:14am Jun 26, 2020 11:14am
Quoting Georginson
{quote} Crash is easier than rise... I have learnt not to have too strong bias in this market but this time I don't just see how it won't drop anywhere from this current 1.2770/1.2800 area to at least 1.2300. Lets all wait and let time decide these outcomes.
Here is a call from June 10 when price was trading at 1.2770/1.2800 area... A definite call price will touch 1.2300 this June... Here you have it again. The best is yet to come...
Data + Stat + Risk/Emotions Management
  • #531,453
  • Jun 26, 2020 11:18am Jun 26, 2020 11:18am
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 did not just make the call of 1.2300 back then in June 10 I gave the above statistical reasons to back it up. More to come for July 2020...
Data + Stat + Risk/Emotions Management
  • #531,454
  • Edited 12:03pm Jun 26, 2020 11:30am | Edited 12:03pm
Looking ahead to next week just finished my downside analysis of known potential Support/R becomes S down to 2071 and other than fibs it's pretty much fresh air below that prev 4hr/dly/wkly swing lo to 1411 lol !
Trader with an Edge.
  • #531,455
  • Jun 26, 2020 11:33am Jun 26, 2020 11:33am
I LEAVE SOME SHORTS OPEN FOR close on monday
Intraday only.
  • #531,456
  • Jun 26, 2020 11:37am Jun 26, 2020 11:37am
My weekly round up. Still on the sell trade since Tuesday. No idea where its going to go from here, dont really care. Im might check the chart Monday if i can be bothered. Yawn week
  • #531,457
  • Jun 26, 2020 11:49am Jun 26, 2020 11:49am
Is that a big Sarcastic divergence on H1?
  • #531,458
  • Jun 26, 2020 11:50am Jun 26, 2020 11:50am
That prev 4hr/dly swing lo up to circa 2344 is the 1st upside obstacle for the bulls...1hr chart is below but there are more fibs than this from higher major swing hi's on 4hr down to the current daily lo including the recent 2813 hi - the HH on daily t/f before the HL,LH,L,LH, and what will be a LL when it becomes fractal on that t/f.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #531,459
  • Jun 26, 2020 11:52am Jun 26, 2020 11:52am
Quoting mkvy
Is that a big Sarcastic divergence on H1?
Lol - I don't know whether your question is just for fun/sarcastic but I'll take it at face value and on the osc settings I use I see no regular bearish divergence on 1hr....but there could well be some on other settings ?
Trader with an Edge.
  • #531,460
  • Jun 26, 2020 11:56am Jun 26, 2020 11:56am
Quoting Headland
Looking ahead to next week just finished my downside analysis of known potential Support/R becomes S down to 2071 and other than fibs it's pretty much fresh air below that prev 4hr/dly/wkly swing lo to 1411 lol ! Re Georginson's comments - I noticed you have put me on ignore for reasons I know not...but oh what a fragile egotistical drama queen you are ! I can only think it is because I commented on one of your posts that the D-E move was different in character than the B-C (re 4hr down move from 2813) -and it was, when you were calling for the...
I was quite annoyed at the plethora of attacks I got earlier. No hard feelings towards you anymore.

Peace
Data + Stat + Risk/Emotions Management
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