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Cable Update (GBPUSD)

  • #539,661
  • Jul 30, 2020 12:57pm Jul 30, 2020 12:57pm
Quoting gespiri
{quote} That SOB broke the trend line......this might go to the next level at 1.3105 now.
Crafty bulls I must say..
1.3077 is significant level. Should it get ripped off today, hmmmm tomorrow’s bulls might not be funny at all..

the said level should really give bears a chance to dance too..

Should this hour close above, then I agree with your next target area..

Lets see
SS
  • #539,662
  • Jul 30, 2020 12:59pm Jul 30, 2020 12:59pm
Quoting JayBag
{quote} Crafty bulls I must say.. 1.3077 is significant level. Should it get ripped off today, hmmmm tomorrow’s bulls might not be funny at all.. the said level should really give bears a chance to dance too.. Should this hour close above, then I agree with your next target area.. Lets see SS
3077? i dont see nothing..
  • #539,663
  • Jul 30, 2020 1:02pm Jul 30, 2020 1:02pm
Quoting Wavegarrick
Something to bear in mind Guys, For most of the year, Gu has been ranging. So look at it objectively. The markets have conditioned range traders to call swings reasonably well at pivot resistances, daily and weekly, and so forth. Trend traders would have had a torrid time in that period. I know I did and had several buys and sell trades going on all at once. Scalpers would have barked at me holding buy trades for so long only to be diminished next to nothing, I stuck with it because I have been through this before hence my favorite saying patience,...
What a great heartfelt post Wavegarrick, you show wisdom, humility and a generosity of spirit sadly lacking on these ff forums!
Best Regards
Steve
  • #539,664
  • Jul 30, 2020 1:03pm Jul 30, 2020 1:03pm
Quoting gatenio
{quote} 3077? i dont see nothing..
It’s an invisible level G..

TBH, it’s a critical level.. A clear rejection here will make it visible..

I will be hunting for shorts if we close below 1.303 for the day..

SS
  • #539,665
  • Jul 30, 2020 1:04pm Jul 30, 2020 1:04pm
Quoting gatenio
{quote} 3077? i dont see nothing..

It is a fib level on my charts. Actually a level where two fibs joined.
Don't compare your trades to others. Most often the masses are the asses
  • #539,666
  • Jul 30, 2020 1:08pm Jul 30, 2020 1:08pm
Quoting Wavegarrick
Something to bear in mind Guys, For most of the year, Gu has been ranging. So look at it objectively. The markets have conditioned range traders to call swings reasonably well at pivot resistances, daily and weekly, and so forth. Trend traders would have had a torrid time in that period. I know I did and had several buys and sell trades going on all at once. Scalpers would have barked at me holding buy trades for so long only to be diminished next to nothing, I stuck with it because I have been through this before hence my favorite saying patience,...
Well said. Thanks man.
Don't compare your trades to others. Most often the masses are the asses
  • #539,667
  • Jul 30, 2020 1:11pm Jul 30, 2020 1:11pm
Quoting JayBag
{quote} It’s an invisible level G.. TBH, it’s a critical level.. A clear rejection here will make it visible.. I will be hunting for shorts if we close below 1.303 for the day.. SS
thanks for the info
  • #539,668
  • Jul 30, 2020 1:16pm Jul 30, 2020 1:16pm
Quoting OBsayMkMoney
{quote} It is a fib level on my charts. Actually a level where two fibs joined.
share it... cant find that, dont use fibo often.
  • #539,669
  • Jul 30, 2020 1:24pm Jul 30, 2020 1:24pm
there was a inverted h&s pattern , not a regular h&s pattern
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 33 KB
yes yes yes
  • #539,670
  • Jul 30, 2020 2:05pm Jul 30, 2020 2:05pm
Quoting Bones
even challenging Georges model I'm the bad guy, some peoples eyes.
You know that is not what was said.
Compulsions can be hard to resist
  • #539,671
  • Jul 30, 2020 2:27pm Jul 30, 2020 2:27pm
Quoting Stev1929
{quote} What a great heartfelt post Wavegarrick, you show wisdom, humility and a generosity of spirit sadly lacking on these ff forums! Best Regards Steve
Hi Steve,
Thanks, my friend. Your words mean a great deal to me. Humility is certainly something badly needed in our world and the harsh times we are all going through, and hopefully can be passed on to fellow traders here.
Cheers
Leon
Trade to trade another day
  • #539,672
  • Jul 30, 2020 2:35pm Jul 30, 2020 2:35pm
Quoting gatenio
{quote} share it... cant find that, dont use fibo often.
One fib is drawn off of weekly highs and lows. The other is drawn off of a Nen star harmonic on the daily.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU FIB.PNG Size: 729 KB
Click to Enlarge Name: GU FIB2.PNG Size: 844 KB
Don't compare your trades to others. Most often the masses are the asses
  • #539,673
  • Jul 30, 2020 2:38pm Jul 30, 2020 2:38pm
~110 pips to 9 March 2020 high at ~1.3200? Maybe tomorrow?
Maybe August'20 will be a mirror of July'20 (H:1.32~ L:1.26)?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-07-30 at 22.35.48.png Size: 38 KB
Maadik Hugiis. IQ 69.
  • #539,674
  • Jul 30, 2020 2:38pm Jul 30, 2020 2:38pm
76.4% extension of y/day's lo-hi pip range at the current hi of today. I missed the last leg up as had finished for the day after the short but a great 10min/15min hidden div play - looking back at charts...I wish it would stop going up so I don't have to keep altering my fibs plotted lol !

In the last 10 years there have only been 5 instances of 10+ consecutive daily candles either bullish or bearish bodied, and starting on these dates they are

17/07/2020 10 x bullish (so far) - almost certain that today's daily will close bullish.
28/05/2020 10 x bullish
22/05/2012 11 x bearish
16/04/2012 12 x bullish
07/01/2011 11 x bullish

So, two this year so far.
Trader with an Edge.
  • #539,675
  • Jul 30, 2020 2:51pm Jul 30, 2020 2:51pm
Quoting kelvinftg
Lol best indicator in this forum. Take opposite trades of Moty’s. TP when his account blows.
This strategy works 90% of the time.
  • #539,676
  • Jul 30, 2020 2:52pm Jul 30, 2020 2:52pm
Quoting Wavegarrick
{quote} Hi Steve, Thanks, my friend. Your words mean a great deal to me. Humility is certainly something badly needed in our world and the harsh times we are all going through, and hopefully can be passed on to fellow traders here. Cheers Leon
Hi Leon and thank you, as you said this world is harsh and brutal at times, helping one another even just to raise spirits can turn a life around, it costs nothing. A selection of traders in these forums could do well to step back and realise our challenges are with the markets and not each other.
Be well
Steve
  • #539,677
  • Jul 30, 2020 2:55pm Jul 30, 2020 2:55pm
Quoting Moty
there was a inverted h&s pattern , not a regular h&s pattern {image}
i with you, i open short at 1.30885 sl 1.3100. also short some gj ej. look like this pair forget how to dive mate.
  • #539,678
  • Edited 3:17pm Jul 30, 2020 2:58pm | Edited 3:17pm
3088 is the 150% ext of the last main down swing 2813-2252, today's current dly hi 3092...after today's hi - if 1hr (+) closes as a fractal swing I see nothing (other than Daily pivots doubtless) between there and 3137 which is 38.2% of the longer term 5930-1411 swing. Will update this tomorrow. Clearly some supply at that current dly hi but bulls are v.strong and have so far today bought every dip.

Tomorrow is the Eu Q2 gdp flash # - no direct effect re £ but could get dragged with any Eurusd reaction re comparison between U.s Q2 gdp and that number.
Trader with an Edge.
  • #539,679
  • Jul 30, 2020 3:04pm Jul 30, 2020 3:04pm
Quoting Wavegarrick
Something to bear in mind Guys, For most of the year, Gu has been ranging. So look at it objectively. The markets have conditioned range traders to call swings reasonably well at pivot resistances, daily and weekly, and so forth. Trend traders would have had a torrid time in that period. I know I did and had several buys and sell trades going on all at once. Scalpers would have barked at me holding buy trades for so long only to be diminished next to nothing, I stuck with it because I have been through this before hence my favorite saying patience,...
Thanks...
  • #539,680
  • Jul 30, 2020 3:11pm Jul 30, 2020 3:11pm
this one is just a classic buy setup watching the close of 12 hrs candle in london ...london open close above next 2 retest and rejected...you dont ignore signal light this ..nice one GU
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 24 KB
MY OPINION NOT FINANCIAL ADVISE
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