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Cable Update (GBPUSD)

  • #535,961
  • Jul 16, 2020 9:05am Jul 16, 2020 9:05am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 30 KB
Attached Image (click to enlarge)
Click to Enlarge Name: dx1.png Size: 23 KB
yes yes yes
  • #535,962
  • Jul 16, 2020 9:09am Jul 16, 2020 9:09am
Quoting Mr.Tea
Closed my position 20pips ... I dont like this, looks like something is building up.
Good choice to stay out and wait for the right moment to enter the Market.
Open first 1.2560 and second 1.2588
  • #535,963
  • Jul 16, 2020 9:10am Jul 16, 2020 9:10am
Quoting Moty
{image}
possible. but not sure ds1 hold if we go there.. i dont think its YO-YO
  • #535,964
  • Jul 16, 2020 9:14am Jul 16, 2020 9:14am
Quoting Moty
{image} {image}
Still hold?????
  • #535,965
  • Jul 16, 2020 9:20am Jul 16, 2020 9:20am
if you are a bear, you want London close 1:45 hours from now below 12584, 15726 better.
bulls, anything above pivot..

atm, i with the bears.. not holding nothing. price cant break Tokyo highs with this momentum... should get the pivot already.. buttt time will tell.
  • #535,966
  • Jul 16, 2020 9:25am Jul 16, 2020 9:25am
General trend is Dollar so I'll rather be selling Dollar than buying,I see Dollar making new weekly chart low soon fundamentals also support selling Dollar...
  • #535,967
  • Jul 16, 2020 9:28am Jul 16, 2020 9:28am
Quoting gatenio
if you are a bear, you want London close 1:45 hours from now below 12584, 15726 better. bulls, anything above pivot.. atm, i with the bears.. not holding nothing. price cant break Tokyo highs with this momentum... should get the pivot already.. buttt time will tell.
Im with you sir , i dont think it will pass pivot , candles rejcing but lets see
  • #535,968
  • Jul 16, 2020 9:28am Jul 16, 2020 9:28am
Quoting gatenio
if you are a bear, you want London close 1:45 hours from now below 12584, 15726 better. bulls, anything above pivot.. atm, i with the bears.. not holding nothing. price cant break Tokyo highs with this momentum... should get the pivot already.. buttt time will tell.
Probably collecting SELL Orders (Asian Stops) at that level. Most likely it will break Tokyo's High.

No Can'ts
  • #535,969
  • Jul 16, 2020 9:31am Jul 16, 2020 9:31am
In M15, 1.25930 looks another resist point
  • #535,970
  • Jul 16, 2020 9:33am Jul 16, 2020 9:33am
The drop is getting confirmed after this wave Keep selling the rallies and set TP at 1.225xx
WARNING: This post warps space and time in its vicinity.
  • #535,971
  • Jul 16, 2020 9:36am Jul 16, 2020 9:36am
Looking at the 1hr, 4hr, daily and specifically the tenkan/kijun cross on the weekly chart from a few weeks ago I'm looking for bullish set ups if this 4 hr candle closes above daily pivot point at 1.258. Until then a drop down to 1.244 (weekly tenkan level) is seemingly possible but at this point I will not be looking to set up any trades in that direction - a drop down would only be a better entry point IMO being that we are well above the cloud on the daily chart. So I guess I'm wondering why it seems everyone is looking short on this forum? Is there something I'm missing since I am rather late to the party here.
  • #535,972
  • Jul 16, 2020 9:37am Jul 16, 2020 9:37am
what are the possibilities of GBPUSD reaching 1.3000
  • #535,973
  • Jul 16, 2020 9:39am Jul 16, 2020 9:39am
Quoting WizardTrade
The drop is getting confirmed after this wave Keep selling the rallies and set TP at 1.225xx
1.225? damn i still have this from the D chart but lets see i thin it will go to the red trend line still to form what i think will be a W pattern
Hope it goes there im still short xD
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 133 KB
  • #535,974
  • Jul 16, 2020 9:41am Jul 16, 2020 9:41am
Quoting prodbybk
Looking at the 1hr, 4hr, daily and specifically the tenkan/kijun cross on the weekly chart from a few weeks ago I'm looking for bullish set ups if this 4 hr candle closes above daily pivot point at 1.258. Until then a drop down to 1.244 (weekly tenkan level) is seemingly possible but at this point I will not be looking to set up any trades in that direction - a drop down would only be a better entry point IMO being that we are well above the cloud on the daily chart. So I guess I'm wondering why it seems everyone is looking short on this forum?...
The market needs retail traders selling the rallies while the banks would keep squeezing them out...
  • #535,975
  • Jul 16, 2020 9:42am Jul 16, 2020 9:42am
Current H4 candle is the live one, like most of the times h4 candle retraces more than above or below the opening price in case of GU and GJ both. So any weakness again at the Daily Pivot is going to bring it down as fast as a bullet Daily S2 and beyond is the way to go if that happens today on current h4 candle close.

Trade Safe

Cheers
TW
WARNING: This post warps space and time in its vicinity.
  • #535,976
  • Jul 16, 2020 9:44am Jul 16, 2020 9:44am
Quoting HBN08
{quote} 1.225? damn i still have this from the D chart but lets see i thin it will go to the red trend line still to form what i think will be a W pattern Hope it goes there im still short xD {image}
That is the power of a swing setup that it can cater to scalpers as well but still remain on track
WARNING: This post warps space and time in its vicinity.
  • #535,977
  • Jul 16, 2020 9:46am Jul 16, 2020 9:46am
i do not use patterns in my trading.

But just want to share
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 32 KB
Intraday only.
  • #535,978
  • Jul 16, 2020 9:49am Jul 16, 2020 9:49am
Quoting WizardTrade
{quote} That is the power of a swing setup that it can cater to scalpers as well but still remain on track
Nice hope it gets there
The W eventually can be a M tho
  • #535,979
  • Jul 16, 2020 9:49am Jul 16, 2020 9:49am
and for the day i finished my trading.

Did some mistakes in asia, ( usually, i will not ).

However, I made it back by taking short positions after frankfurt open.

Then in NY open, made really good long positions.

so BE today.

will see if there are opportunities at high of today
Intraday only.
  • #535,980
  • Jul 16, 2020 9:50am Jul 16, 2020 9:50am
Quoting navk
i do not use patterns in my trading. But just want to share {image}
Can you please share this indicator
WARNING: This post warps space and time in its vicinity.
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