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Cable Update (GBPUSD)

  • #531,701
  • Jun 29, 2020 5:27am Jun 29, 2020 5:27am
Quoting Theoak
Short in at 1.2330 target 25 pips {image}
I think the bulls have won this battle - out BE
Don't trade what you think. Just what you see!!!
  • #531,702
  • Jun 29, 2020 5:28am Jun 29, 2020 5:28am
US session should "fix" this EU and GU discorrelation. So either they will make EU drop or GU go up. More likely GU will go back up during NY.
Everyone can see the chart, but only a few can actually read it.
  • #531,703
  • Jun 29, 2020 5:29am Jun 29, 2020 5:29am
Its early days but the day has moved 75pips already. The market still has some pips left to go (up or down). But from the market, it's looking more to move down than up.
Might be wrong
Le$$ I$ More
  • #531,704
  • Jun 29, 2020 5:29am Jun 29, 2020 5:29am
Quoting Theoak
{quote} I think the bulls have won this battle - out BE
Not yet IMHO. Let's see.

Trade Safe
TW
WARNING: This post warps space and time in its vicinity.
  • #531,705
  • Jun 29, 2020 5:30am Jun 29, 2020 5:30am
GU still waiting at the decision making level.
It always seems impossible until it is done.
Annex_of_Realsoldier All Time Return: na
  • #531,706
  • Jun 29, 2020 5:30am Jun 29, 2020 5:30am
Quoting navk
{quote} see this bounced and sold off. so, not always monday and tuesday are buying days. PA needs to be watched. Your theory and there are theories that does work at times. but can not be guaranteed.
your right , cable is so unstable trying to get over 100pips at a go is something so difficult
  • #531,707
  • Jun 29, 2020 5:33am Jun 29, 2020 5:33am
Quoting Roszey
Its early days but the day has moved 75pips already. The market still has some pips left to go (up or down). But from the market, it's looking more to move down than up. Might be wrong
Your sig reminded me of a great quote in Frasier.

Attached Image (click to enlarge)
Click to Enlarge Name: frasier.jpg Size: 203 KB
Everyone can see the chart, but only a few can actually read it.
  • #531,708
  • Jun 29, 2020 5:34am Jun 29, 2020 5:34am
Quoting WizardTrade
{quote} Not yet IMHO. Let's see. Trade Safe TW
If it break these lows will be back in for a quick 10 pips!!!
Don't trade what you think. Just what you see!!!
  • #531,709
  • Jun 29, 2020 5:34am Jun 29, 2020 5:34am
Quoting epzero
{quote} your right , cable is so unstable trying to get over 100pips at a go is something so difficult
actually it' done it on nearly 40% of the last 365 days.
Trader with an Edge.
  • #531,710
  • Jun 29, 2020 5:36am Jun 29, 2020 5:36am
Can somebody tell me what the hell happening with GBP and EUR? Its only monday and the GBP dropping like there is no end lol. Maybe because end of the month? Or some news come out what i dont see??
Time is your friend; impulse is your enemy! - John Bogle
  • #531,711
  • Jun 29, 2020 5:39am Jun 29, 2020 5:39am
Quoting Moty
{quote} exectly the time {image}

what we think in our mind doesn't really have a role to play in market movement. Good luck anyway
Keep the Lights on then you can catch the rise from the dark.
  • #531,712
  • Jun 29, 2020 5:43am Jun 29, 2020 5:43am
Quoting OnlineAddict
{quote} Your sig reminded me of a great quote in Frasier. {image}

you nailed it
Le$$ I$ More
  • #531,713
  • Jun 29, 2020 5:44am Jun 29, 2020 5:44am
Quoting Viki84
Can somebody tell me what the hell happening with GBP and EUR? Its only monday and the GBP dropping like there is no end lol. Maybe because end of the month?
From a technical perspective it was the continuation of the 4hr + down trend since 2813 after a pullback to a previous support area - that's it other than to say that there were more sellers in £ than buyers from that pullback hi- I'll leave it to the fundies to explain why - something to do with covid flare-ups etc I guess...risk off.

Final look at 1Hr before my own trading session ends at 12noon London. That 1st ppa mentioned earlier re 1Hr held the bulls back so far.

Verily.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 47 KB
Trader with an Edge.
  • #531,714
  • Jun 29, 2020 5:44am Jun 29, 2020 5:44am
Quoting Viki84
Can somebody tell me what the hell happening with GBP and EUR? Its only monday and the GBP dropping like there is no end lol. Maybe because end of the month? Or some news come out what i dont see??
I am also trying to figure it out, agree GU can fall but didn't expect on Monday
It always seems impossible until it is done.
Annex_of_Realsoldier All Time Return: na
  • #531,715
  • Jun 29, 2020 5:45am Jun 29, 2020 5:45am
Quoting Viki84
Can somebody tell me what the hell happening with GBP and EUR? Its only monday and the GBP dropping like there is no end lol. Maybe because end of the month? Or some news come out what i dont see??
Not sure what Eur chart your looking at, but its on a nice bull run on my.
Don't trade what you think. Just what you see!!!
  • #531,716
  • Jun 29, 2020 5:49am Jun 29, 2020 5:49am
Quoting Headland
{quote} From a technical perspective it was the continuation of the 4hr + down trend since 2813 after a pullback to a previous support area - that's it other than to say that there were more sellers in £ than buyers from that pullback hi- I'll leave it to the fundies to explain why - something to do with covid flare-ups etc I guess...risk off. Final look at 1Hr before my own trading session ends at 12noon London. That 1st ppa mentioned earlier re 1Hr held the bulls back so far. Verily. {image}
Thank you for your explanation!!
Time is your friend; impulse is your enemy! - John Bogle
  • #531,717
  • Jun 29, 2020 5:52am Jun 29, 2020 5:52am
Quoting Theoak
{quote} Not sure what Eur chart your looking at, but its on a nice bull run on my.
Eur/Gbp already take out the daily adr, and it doesn't look like that want to stop.
Time is your friend; impulse is your enemy! - John Bogle
  • #531,718
  • Jun 29, 2020 5:54am Jun 29, 2020 5:54am
2290 and then only bounce.

There is good downside pressure.

I am out from longs now
Intraday only.
  • #531,719
  • Jun 29, 2020 5:57am Jun 29, 2020 5:57am
Quoting kuroro001
Bulls failed, h1 bearish div was too strong...
I guess its gonna be 6 out of 7 times first strongly down than when reaching these high amount of shorts levels first time )

Doesnt need many bad headlines from the States later on again(likely) youd say..
Life is great!!
  • #531,720
  • Jun 29, 2020 6:00am Jun 29, 2020 6:00am
1hr bearish close - challenging again.....Some players in on that last but one 1hr PB candle close ? It'll be those pesky crooks (Moty) lol!

Hasta luego.
Trader with an Edge.
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