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Cable Update (GBPUSD)

  • #534,141
  • Edited 1:20am Jul 9, 2020 1:01am | Edited 1:20am
G/M. Decided to do a couple of hours before I have to run out. All ema's 20/50/100 crossed up 5min - 4hr. 1hr/2hr and 4hr remain in general uptrends, with Daily a H (though not fractal yet) will be above at least the last 2 x LH's on that t/f. Price is deeper in the prev 2hr sw lo zone = prev supp that extends to 2641...and above here 2651 Dly R1 before we get toward the zone of that prev major sw hi on 2hr/4hr/dly up to 2687 thru which @ 2680 the 76.4% of the total 2813-2251 fall. Wkly R2 is @ 2699 with steepest dly desc t/line 2690-00 area on today's dly candle and dly R2 @ 2695.

G/L to all today.
Trader with an Edge.
  • #534,142
  • Jul 9, 2020 1:09am Jul 9, 2020 1:09am
Quoting Headland
G/M. Decided to do a couple of hours before I have to run out. All ema's 20/50/100 crossed up 5min - 4hr. 1hr/2hr and 4hr remain in general uptrends, with Daily a H (though not fractal yet) will be above at least the lkast 2 x LH's on that t/f. Price is deeper in the prev 2hr sw lo zone = prev supp that extends to 2641...and above here 2651 Dly R1 before we get toward the zone of that prev major sw hi on 2hr/4hr/dly up to 2687 thru which @ 2680 the 76.4% of the total 2813-2251 fall. Wkly R2 is @ 2699 with steepest dly desc t/line 2690-00 area on...
All is correct IMO.

The only thing which I see missing in your post is pull back targets.

I see pull back targets today, first at 2580 and then 2557.

This is for today IMO.
Intraday only.
  • #534,143
  • Jul 9, 2020 1:11am Jul 9, 2020 1:11am
Quoting SFundamental
{quote} . There are people here earning 3-5% per day using Bollinger bands and moving averages. How cool is that. Personally- I would use that Otherwise:- Checkout Jarratt Davis's stuff on youtube. Initially, its a case of ignoring the charts and getting fundamentally in sync with whatever pair you are going to trade. If you want to learn more in-depth stuff for day to day trading - there is a paid course I know, but its expensive and its heavy going.
Noone makes 3-5% a day. Not even RenTec makes that amount of money. However, if you relate these percentages to the return on equity you should specify the used leverage. With a leverage of 20 it can be possible to reap 3-5% a day on average by earning 0.15%-0.25% on the underlying. But the way you wrote it it sounds like people earn 3-5% on the underlying movements without leverage.
Another day, another dollar.
  • #534,144
  • Jul 9, 2020 1:12am Jul 9, 2020 1:12am
Quoting Gilaforex13
{quote} Better wait for retrace first.
Cheers bud I will be adding at any retrace
Don't trade what you think. Just what you see!!!
  • #534,145
  • Jul 9, 2020 1:15am Jul 9, 2020 1:15am
Quoting navk
{quote} All is correct IMO. The only thing which I see missing in your post is pull back targets. I see pull back targets today, first at 2580 and then 2557. This is for today IMO.
nobody talks about 1.26424 area?
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yes yes yes
  • #534,146
  • Jul 9, 2020 1:15am Jul 9, 2020 1:15am
Quoting navk
{quote} All is correct IMO. The only thing which I see missing is your post pull back targets. I see pull back targets today, first at 2580 and then 2557. This is for today IMO.

Yeh that was just immediate upside analysis re potential res factors....I don't have targets for potential pullbacks but I do know areas on my longest and middle t/f's of my triple t/f combo's where I might act on any hidden div based set-up depending on whether it is a shallow pullback (a shortest t/f hidden set-up) or a deeper p/back - a middle t/f hidden div set-up - of course all if confirmed by price action. These are essentially the prev res areas on these charts and if confluence with a fib or two and/or t/line so much the better.
Trader with an Edge.
  • #534,147
  • Jul 9, 2020 1:24am Jul 9, 2020 1:24am
I was out at 2630-31 . Flat.

wake me up if there is HH

Good luck for seller
not euphoria follower
  • #534,148
  • Jul 9, 2020 1:26am Jul 9, 2020 1:26am
Quoting Moty
{quote} nobody talks about 1.26424 area? {image}
very vague area, now we got bulish engulfing, maybe it closed behind resistant in this area.. you need to check carefully, should be false breakout indicating real line..
  • #534,149
  • Jul 9, 2020 1:28am Jul 9, 2020 1:28am
for me line is 1.6228 and next resistant 1266
  • #534,150
  • Jul 9, 2020 1:31am Jul 9, 2020 1:31am
Moty: saw those areas but as price had not respected them as supp or then res after 1st pullback from 2813 and attempted move back up so I didn't include them - but was aware of them and indeed had a nice +10pip short there....
--------------------------------------

Case in point re the hidden div - shallow p/back - 1min hidden div set-up with the prev 5min congestion acting as supp. - between the 2 areas with the blue dots on the osc's whilst price made a potentially higher lo on 5min...
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Trader with an Edge.
  • #534,151
  • Jul 9, 2020 1:54am Jul 9, 2020 1:54am
Quoting Marcieny
{quote} Hi Theoak... I am waiting to test again 1.25880 or 1.25900 and whether there will be a purchase or a sale. I need wait how always.
You're the best!
Don't trade what you think. Just what you see!!!
  • #534,152
  • Jul 9, 2020 1:58am Jul 9, 2020 1:58am
does someone watch eurgbp?
  • #534,153
  • Jul 9, 2020 1:58am Jul 9, 2020 1:58am
Quoting Moty
{quote} nobody talks about 1.26424 area? {image}
sure

BUY 2643

M30 chart

30-40 pip targt
in wondering about yourself, you forgot what you came here to be part of
  • #534,154
  • Jul 9, 2020 2:00am Jul 9, 2020 2:00am
Quoting Moty
{quote} nobody talks about 1.26424 area? {image}
Hi Moty,
Yes, that is a solid level. I could look to enter shorts at some point. My daily res 1 at 1.26545. At the moment up momentum is strong. A break of my little ascending trend line could be my trigger.

Cheers.
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Trade to trade another day
  • #534,155
  • Jul 9, 2020 2:00am Jul 9, 2020 2:00am
Quoting Moty
{quote} nobody talks about 1.26424 area? {image}
it is a resistance but not R1

imo
Intraday only.
  • #534,156
  • Jul 9, 2020 2:01am Jul 9, 2020 2:01am
Quoting Moty
{quote} don't sell this candle {image}
moty look what you say there but you did the opposite and go short
PA Return This Week: 39.2%
  • #534,157
  • Jul 9, 2020 2:08am Jul 9, 2020 2:08am
Quoting Wavegarrick
{quote} Hi Moty, Yes, that is a solid level. I could look to enter shorts at some point. My daily res 1 at 1.26545. At the moment up momentum is strong. A break of my little ascending trend line could be my trigger. Cheers. {image}

Hi,

If you don't mind i need your indicators Sir .... Thanks in advance! :-)
  • #534,158
  • Jul 9, 2020 2:10am Jul 9, 2020 2:10am
Quoting navk
2650 is what I want to see first today based on NY close. From 2650 the drop could be 2580/2560. Let us see how the PA behaves today.
it's starting .
nice call
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yes yes yes
  • #534,159
  • Jul 9, 2020 2:16am Jul 9, 2020 2:16am
Quoting navk
2650 is what I want to see first today based on NY close. From 2650 the drop could be 2580/2560. Let us see how the PA behaves today.
Great Navk...you reached there where you expecting
  • #534,160
  • Jul 9, 2020 2:17am Jul 9, 2020 2:17am
Break or Hold. Let's see
Will wait for PA to confirm sell
BF
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AF
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Cheers
Le$$ I$ More
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