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Cable Update (GBPUSD)

  • #536,721
  • Jul 20, 2020 2:17pm Jul 20, 2020 2:17pm
Quoting krst8
{quote} many pairs have been doing this today, agree that it is interesting m... Eur however flat all day, just shows the strength in the drop in the major “minors” pair... the bigger story is i guess that sp500 is about to make it first daily close above since 8 of june top.. been seeling into this bull move today building a position on gbp short, but not proud of the drawdown even if plus for the day.. suspicious indeed!
Trump got those printers on full blast...
  • #536,722
  • Jul 20, 2020 2:19pm Jul 20, 2020 2:19pm
For your eyes only..
Attached Image
Le$$ I$ More
  • #536,723
  • Jul 20, 2020 2:27pm Jul 20, 2020 2:27pm
My special SW Zones
i may be wrong .. i am only human.
Attached Image (click to enlarge)
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Le$$ I$ More
  • #536,724
  • Jul 20, 2020 2:32pm Jul 20, 2020 2:32pm
Quoting Georginson
Now for July... (Price at 1.2475 as at time of typing) The expected range for July is between 420 - 600 pips... Now expect projected 100 - 210 pips above the opening price in July... July 2020 opening price being 1.2399 + 100/210 pips = 1.2499/1.2609 now expect projected 300 - 450 pips below the opening price in July... July 2020 opening price being 1.2399 - 300/450 pips = 1.2099. 1.1959 IN SUMMARY... July 2020 Possible High = 1.2499/1.2609 July 2020 possible Low = 1.2099/1.1949 Verdict... First Swing sell from 1.2500... Target 1.2000 Second Swing...
Post from July 1 2020. Nothing changes sighted 1.2720 as probable selling risk ahead.

NOTE:

1.2720 IS NOT SEEN AS A STOP LOSS LEVEL, ONLY SEEN AS PROBABLE LEVEL PRICE CAN STRETCH TO BEFORE AGGRESSIVE REVERSAL.

Less than 100 pips before REVERSAL, (I will add more sell with modest stake if 1.27 is attained for 1.23/1.22 target. Hence buying at this level of 1.2660/1.27 is not advisable.

NO ONE IS OBLIGATED TO FOLLOW.

Discretion is advised.
Data + Stat + Risk/Emotions Management
  • #536,725
  • Jul 20, 2020 2:36pm Jul 20, 2020 2:36pm
Lets se how dollar will handle this.. strong move today at sp500.

but we are in the huge gap Down now from earlier this year. Will be some interesting action, either a resistance or a very quick push upwards
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  • #536,726
  • Jul 20, 2020 2:37pm Jul 20, 2020 2:37pm
Quoting Roszey
My special SW Zones i may be wrong .. i am only human. {image}
I hope you're not wrong, I'm short too
  • #536,727
  • Jul 20, 2020 3:03pm Jul 20, 2020 3:03pm
Quoting Georginson
{quote} Post from July 1 2020. Nothing changes sighted 1.2720 as probable selling risk ahead. NOTE: 1.2720 IS NOT SEEN AS A STOP LOSS LEVEL, ONLY SEEN AS PROBABLE LEVEL PRICE CAN STRETCH TO BEFORE AGGRESSIVE REVERSAL. Less than 100 pips before REVERSAL, (I will add more sell with modest stake if 1.27 is attained for 1.23/1.22 target. Hence buying at this level of 1.2660/1.27 is not advisable. NO ONE IS OBLIGATED TO FOLLOW. Discretion is advised.
What is if your wrong and we shoot up?
I respect your Lvls, your Analyse and your trading style.
We cant look into the future, only Banks could do it, so why shorting instead of going long and book profits? At the Moment every News around the World is like a smal ticking Bomb to make People Mad and scared. I also respect the bigger horizon at those things.
Keep it up, love to read different kind of Psychology and views of the Market

Mr.T
  • #536,728
  • Jul 20, 2020 3:25pm Jul 20, 2020 3:25pm
Quoting Roszey
Recap of what I posted yesterday. BF{image}AF {image}If price breaks the high of last week, then we have another 100pips move to complete the weekly range before any significant sellers dive in. Just my opinion. Don't fight it. Let learn and grow together. I am available for questioning.
Who did you bang for insider info?
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #536,729
  • Jul 20, 2020 5:27pm Jul 20, 2020 5:27pm
GU, my analysis posted on Sat https://www.forexfactory.com/showthr...7#post13066407
Updated chart
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  • #536,730
  • Jul 20, 2020 5:52pm Jul 20, 2020 5:52pm
potshots the other day it was bearish under this level ,theres no way you can call it off previous years candle ranges, sorry
The whole range thing is fluff ,you point out decen't levels=ok, what you need to do is wait for price with no other reasoning.
how many times I seen so called swing traders not have the higher tf.

BTW over 100 pips one way or other is not a reason to trade against that move on the contrary with cable.


Quoting Georginson
{quote} Post from July 1 2020. Nothing changes sighted 1.2720 as probable selling risk ahead. NOTE: 1.2720 IS NOT SEEN AS A STOP LOSS LEVEL, ONLY SEEN AS PROBABLE LEVEL PRICE CAN STRETCH TO BEFORE AGGRESSIVE REVERSAL. Less than 100 pips before REVERSAL, (I will add more sell with modest stake if 1.27 is attained for 1.23/1.22 target. Hence buying at this level of 1.2660/1.27 is not advisable. NO ONE IS OBLIGATED TO FOLLOW. Discretion is advised.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #536,731
  • Jul 20, 2020 6:02pm Jul 20, 2020 6:02pm
you need something pretty to change the monthly- as is ,it's trending up right now ,be pure luck the side range holds out
but bears have to change the month open and break last month low to go right to bottom of range ,which is super risky today
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #536,732
  • Jul 20, 2020 6:28pm Jul 20, 2020 6:28pm
So many people shorting today why???
look at the sessions Asia bought from demand. Frankfurt bought, London bought, NY bought. All had entries to get in. Crazy folk shorting a move coming from demand...
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  • #536,733
  • Edited 6:40pm Jul 20, 2020 6:30pm | Edited 6:40pm
what we got is super wick to downside
Then
no to down
no to down
inverted pattern long wick up
bullish open this month off a major level ,it could be confirmation ,I give an 80% chance of this ,which I'm making up from experience.

It is under under a falling tl and in a box for bears favour ,which is G's true power in his swing prediction,

So 80% is the percentage I give for this candle too be blue with no lower wick before it close, probable confirmation is seen today, for medium term direction.






Quoting Bones
Ok your going to make a bearish swing out of it ,lets see {quote} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #536,734
  • Jul 20, 2020 6:39pm Jul 20, 2020 6:39pm
Quoting Bones
potshots the other day it was bearish under this level ,theres no way you can call it off previous years candle ranges, sorry The whole range thing is fluff ,you point out decen't levels=ok, what you need to do is wait for price with no other reasoning. how many times I seen so called swing traders not have the higher tf. BTW over 100 pips one way or other is not a reason to trade against that move on the contrary with cable. {quote}
Hi Bones, when I called 1 .2745 to happen within 3-6 weeks when price was trading at 1.2100 most in here thought I was foolish calling such price... Exactly 4 weeks later price was at 1 2745 area, that was 640 pips sighted ahead. I look far beyond and I'm not the type that like looking out for the validation of others.

Below I will be pointing at my previous calls, in fact my first post in forexfactory will be required below.
Data + Stat + Risk/Emotions Management
  • #536,735
  • Jul 20, 2020 6:51pm Jul 20, 2020 6:51pm
Quoting Bones
potshots the other day it was bearish under this level ,theres no way you can call it off previous years candle ranges, sorry The whole range thing is fluff ,you point out decen't levels=ok, what you need to do is wait for price with no other reasoning. how many times I seen so called swing traders not have the higher tf. BTW over 100 pips one way or other is not a reason to trade against that move on the contrary with cable. {quote}
In the attachment is a post from August 16 2018 when price was trading at 1.26 level and I made a call for price to attain 1.3000 and that happened days later.
Attached Image (click to enlarge)
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Data + Stat + Risk/Emotions Management
  • #536,736
  • Jul 20, 2020 6:59pm Jul 20, 2020 6:59pm
Quoting Bones
potshots the other day it was bearish under this level ,theres no way you can call it off previous years candle ranges, sorry The whole range thing is fluff ,you point out decen't levels=ok, what you need to do is wait for price with no other reasoning. how many times I seen so called swing traders not have the higher tf. BTW over 100 pips one way or other is not a reason to trade against that move on the contrary with cable. {quote}
Here is a post from May 15 immediately after market closed the week at 1.2104, I made a call for price to attain 1.2745 within 3-6 weeks, price did get to 1.2745 by June 10.
Attached Image (click to enlarge)
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Data + Stat + Risk/Emotions Management
  • #536,737
  • Jul 20, 2020 7:02pm Jul 20, 2020 7:02pm
Quoting Georginson
{quote} In the attachment is a post from August 16 2018 when price was trading at 1.26 level and I made a call for price to attain 1.3000 and that happened days later. {image}
To be fair, GU has been trading in a range since April. Any range trading method would have excelled during this time. I'll be more interested to see the performance of your trading approach then we see some serious trend.
  • #536,738
  • Jul 20, 2020 7:05pm Jul 20, 2020 7:05pm
️
just for a cup of coffee...
  • #536,739
  • Jul 20, 2020 7:08pm Jul 20, 2020 7:08pm
Just broke major resistance. this shit is beginning to get REAL

I think we are heading towards 1.30
  • #536,740
  • Jul 20, 2020 7:09pm Jul 20, 2020 7:09pm
Quoting ngiler
{quote} Sell at 1.2611, let see what will happen
hit my sl
row row row your boat
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