Cable Update (GBPUSD) | Page 26640 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #532,781
  • Jul 3, 2020 1:47am Jul 3, 2020 1:47am
Quoting knkie
{quote} just my opinion: MA's are always late.
I would agree, - it was just an observation - they do not form part of my edge but I like to know where they are re confirming or not the fractal analysis I use to determine trend or range on t/f's of interest.
Trader with an Edge.
  • #532,782
  • Jul 3, 2020 1:51am Jul 3, 2020 1:51am
Quoting knkie
{quote} just my opinion: MA's are always late. the PA is already there on M30, H1 & H4. just one more R @ 2481 and then the bulls should be in full force
The session might be quiet today as there is holiday in the Banks in US... As far as 1.2529 high for yesterday remains unbroken, it is still bearish to 1.2400 level and below. An unlikely break of that 1.2529 will open up 1.2590 which will be met with aggressive sell to medium term 1.2200/1.2100 level for July.

As always nothing is definite but some things are quite obvious
Data + Stat + Risk/Emotions Management
  • #532,783
  • Jul 3, 2020 1:51am Jul 3, 2020 1:51am
daily pivot will hold and gu will fry on fryday and we go straight to 1.22/1.21 today . my patient running out
  • #532,784
  • Jul 3, 2020 1:52am Jul 3, 2020 1:52am
Quoting Headland
{quote} I would agree, - it was just an observation - they do not form part of my edge but I like to know where they are re confirming or not the fractal analysis I use to determine trend or range on t/f's of interest.
sounds good !
in wondering about yourself, you forgot what you came here to be part of
  • #532,785
  • Jul 3, 2020 1:54am Jul 3, 2020 1:54am
Quoting Georginson
{quote} The session might be quiet today as there is holiday in the Banks in US... As far as 1.2529 high for yesterday remains unbroken, it is still bearish to 1.2400 level and below. An unlikely break of that 1.2529 will open up 1.2590 which will be met with aggressive sell to medium term 1.2200/1.2100 level for July. As always nothing is definite but some things are quite obvious
could be...i just follow the momentum.
Everything can change in an hour but right now id say a definite up move continuing the strong break yesterday.

I will be buying dips but you could be right if there is a holiday

I didnt know there was a holiday today lol
in wondering about yourself, you forgot what you came here to be part of
  • #532,786
  • Jul 3, 2020 2:02am Jul 3, 2020 2:02am
...1hr and 2hr (particularly) bullish closes above asian session range but 1st 1hr ppa proving itself as such right now. Let's see.
Trader with an Edge.
  • #532,787
  • Jul 3, 2020 2:03am Jul 3, 2020 2:03am
It took 2 hrs to move 20 pips!!
I might stay out of the market today.
  • #532,788
  • Jul 3, 2020 2:16am Jul 3, 2020 2:16am
...pulled back to asian session highs and 2min bullish hidden div caught it but needs to clear this 1st 1hr ppa now...other than fibs it's fresh air above that to 2513-20 next ppa on 1hr before zone leading to y/day hi....there is a new descending 4hr t/line joining 2813 with y/day 2530 hi.
Trader with an Edge.
  • #532,789
  • Jul 3, 2020 2:20am Jul 3, 2020 2:20am
Not the best volume but am LONG
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.png Size: 182 KB
Watch me trade Live on YouTube
  • #532,790
  • Jul 3, 2020 2:23am Jul 3, 2020 2:23am
Quoting elbert3
2493 is 11% just a note
Sneeeeky cable that’s why I left to open last night but careful around this number and it’s about to come up . H/s ??? Could be if so I will be in big time . 4 hour should ??? Play to 75% of it last pin bar .. I could be wrong
  • #532,791
  • Jul 3, 2020 2:25am Jul 3, 2020 2:25am
Any reason for the sudden shoot down?
  • #532,792
  • Jul 3, 2020 2:26am Jul 3, 2020 2:26am
Attached Image (click to enlarge)
Click to Enlarge Name: 2F34F710-909D-4F84-83C8-C0316804ADD3.png Size: 343 KB
Quoting elbert3
{quote} Sneeeeky cable that’s why I left to open last night but careful around this number and it’s about to come up . H/s ??? Could be if so I will be in big time . 4 hour should ??? Play to 75% of it last pin bar .. I could be wrong
Bast.....d I hat to up there with pp on 74 and this is what happened as I was typing
  • #532,793
  • Jul 3, 2020 2:28am Jul 3, 2020 2:28am
...scalpers market atm as that pot 1hr (supp becomes res) sbr held and a sell back down to the 1hr asc t/line on the 5min reg bear div. 1hr is below.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 34 KB
Trader with an Edge.
  • #532,794
  • Jul 3, 2020 2:32am Jul 3, 2020 2:32am
Quoting sunnym
Not the best volume but am LONG {image}
closed looking for short
Watch me trade Live on YouTube
  • #532,795
  • Edited 2:47am Jul 3, 2020 2:35am | Edited 2:47am
nice - and big thrust candles on the 2min - 15min starting with bearish engulfings....deeper in that aforementioned pot rbs now on 1hr/2hr/4hr being the prev sw hi zone.
Trader with an Edge.
  • #532,796
  • Jul 3, 2020 2:41am Jul 3, 2020 2:41am
Targets same as yesterday 2395
  • #532,797
  • Jul 3, 2020 2:43am Jul 3, 2020 2:43am
...small p/back to asian session lo's and a further leg down to Dly S1....another closer prev 1hr/2hr/4hr sw hi = prev res @ 2437-30 before a 3 fib cluster of fibs plotted from major sw's up from and incl 2251 to 2530 - @ 2423/25.....seems like market tripped all the tighter sell stops above asian hi with a fake out before the real move.
Trader with an Edge.
  • #532,798
  • Jul 3, 2020 2:43am Jul 3, 2020 2:43am
Quoting Headland
nice - and big thrust candles on the 2min - 15min starting with bearish engulfings....deeper in that aforementioned pot rbs now on 1hr/3hr/4hr being the prev sw hi zone.
good analysis on your part
it really pushed down

i totally missed this PA
in wondering about yourself, you forgot what you came here to be part of
  • #532,799
  • Jul 3, 2020 2:45am Jul 3, 2020 2:45am
Quoting knkie
{quote} could be...i just follow the momentum. Everything can change in an hour but right now id say a definite up move continuing the strong break yesterday. I will be buying dips but you could be right if there is a holiday I didnt know there was a holiday today lol

You know what I find strange. Is there are so many people trying to pick the tops and the bottoms. I'm looking at a chart that is flying bullish or bearish and because some oscillator is showing oversold, they buy. I can understand doing this a few times, but continuously. Surely after a while common sense should prevail. I actually use this behaviour to my advantage as there is a retrace at this time then I reload. I know you don’t like these fancy oscillators, stick one on and just watch this phenomenon. Or like me use it has another tool. Don’t shout at me for using that nasty word oscillator, but I see this time after time after time. Just watch it or see if it can give you some kind of edge.
Don't trade what you think. Just what you see!!!
  • #532,800
  • Jul 3, 2020 2:46am Jul 3, 2020 2:46am
Attached Image (click to enlarge)
Click to Enlarge Name: 3ED352E5-2F0A-45ED-BB80-99987ED040F6.jpeg Size: 392 KB
Quoting elbert3
Targets same as yesterday 2395
Attached Image (click to enlarge)
Click to Enlarge Name: 224D1A42-0D5D-4A1C-9193-67EAF1738DF5.jpeg Size: 219 KB
463 traders viewing now, 1 is registered:
CPUmice