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Cable Update (GBPUSD)

  • #541,741
  • Edited Aug 10, 2020 1:13am Aug 9, 2020 11:37pm | Edited Aug 10, 2020 1:13am
Quoting Theoak
Waiting for cable to get out of this ranging action. Gone long on Euro and hoping to go long on Cable.
Looking to short this on retrace.

short in at 1.3055

out of trade +6 pips
Don't trade what you think. Just what you see!!!
  • #541,742
  • Aug 9, 2020 11:37pm Aug 9, 2020 11:37pm
Quoting Guztro
Hi All, This will be my final post here at Forexfactory, so I'll make it brief. I woke up to the news this morning that one of my dear cousins passed away after being positively diagnosed with COVID19 a week ago. It made me realize how fragile life is, but even more so, how not to waste time on meaningless arguments with people that actually need to grow up. I'd also implore them to lookup the meaning of Community, FF is meant to be just that... We find ourselves in the middle of a pandemic, the job losses world wide is nothing we've ever seen before....
Condolences and sorry for your loss.
Perseverance will pay
  • #541,743
  • Aug 9, 2020 11:38pm Aug 9, 2020 11:38pm
Up Asia, down Frankfurt, up London, down NY
Compulsions can be hard to resist
  • #541,744
  • Aug 9, 2020 11:49pm Aug 9, 2020 11:49pm
G/M...short was indicated by the 30min bearish hidden div with reg bearish div to 10min @ the confluence of 1hr desc t/line, 38.2% of the drop from last wk's hi and in that prev 1hr sw lo zone=prev supp=pot sbr ....nice ! 1hr below.
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Trader with an Edge.
  • #541,745
  • Aug 9, 2020 11:51pm Aug 9, 2020 11:51pm
Quoting Theoak
Waiting for cable to get out of this ranging action. Gone long on Euro and hoping to go long on Cable.
u r long on euro ?
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yes yes yes
  • #541,746
  • Aug 9, 2020 11:51pm Aug 9, 2020 11:51pm
Good Morning Everyone,

Holding my bull idea till after possible retrace.
I have trowed in a few tiny shorts for the retrace.. Target? 1.27872 is my max.

StaySafe
  • #541,747
  • Aug 10, 2020 12:02am Aug 10, 2020 12:02am
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yes yes yes
  • #541,748
  • Edited 12:14am Aug 10, 2020 12:03am | Edited 12:14am
Quoting Moty
{quote} u r long on euro ? {image}
I was earlier out now. I was hoping for both to go Bullish, but they have come out of range and I'm looking for both shorting set-ups now as long as it does not go above 3072 area.
short in at 3063
Don't trade what you think. Just what you see!!!
  • #541,749
  • Aug 10, 2020 12:11am Aug 10, 2020 12:11am
... it's that type of market atm...London still in the asian range.
Trader with an Edge.
  • #541,750
  • Aug 10, 2020 12:12am Aug 10, 2020 12:12am
I think the Japan bank holiday today is giving the pound strength. Check gbp/jpy
  • #541,751
  • Aug 10, 2020 12:13am Aug 10, 2020 12:13am
Quoting Theoak
{quote} I was earlier out now. I was hoping for both to go Bullish, but they have come out of range and I'm looking for both shorting set-ups now as long as it does not go above 3072 area.
this is the direction
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yes yes yes
  • #541,752
  • Aug 10, 2020 12:15am Aug 10, 2020 12:15am
hi

sold @ 1.3058

but....

hope that's not bear trap
  • #541,753
  • Aug 10, 2020 12:18am Aug 10, 2020 12:18am
London for me is scalping buy above 1.3076 till 1.3126
sell below 1.30340 till 1.296

chart below explain everything
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  • #541,754
  • Aug 10, 2020 12:19am Aug 10, 2020 12:19am
Quoting seincard
hi sold @ 1.3058 but.... hope that's not bear trap
No it's not. Check 1hr you will see a SW zone there
Le$$ I$ More
  • #541,755
  • Aug 10, 2020 12:19am Aug 10, 2020 12:19am
It think as long as 1.3042 is not penetrated, the GBP is going to gain streangth.
I would place my buy here anywhere and wait for first target at 1.3085
  • #541,756
  • Aug 10, 2020 12:22am Aug 10, 2020 12:22am
Quoting seincard
hi sold @ 1.3058 but.... hope that's not bear trap
put your sl at 1.30800 , if it breaks you will get a higher entry
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yes yes yes
  • #541,757
  • Aug 10, 2020 12:28am Aug 10, 2020 12:28am
10/50/100 ema's all crossed down 5min to 1hr now - encouragement for the bears. That's me done for the session and for next 2 weeks or so. Going on hols again tomorrow early and promised wife I won't even look at a chart this time. G/L all.
Trader with an Edge.
  • #541,758
  • Aug 10, 2020 12:36am Aug 10, 2020 12:36am
Quoting Headland
10/50/100 ema's all crossed down 5min to 1hr now - encouragement for the bears. That's me done for the session and for next 2 weeks or so. Going on hols again tomorrow early and promised wife I won't even look at a chart this time. G/L all.
Enjoys your holidays there M8, but she'll have to hide all devices
Don't Leave Money on the Table
  • #541,759
  • Aug 10, 2020 12:43am Aug 10, 2020 12:43am
60 min abc (b) wave bear trap before the c down
Follow The Markets Structure - Patience and Discipline
  • #541,760
  • Aug 10, 2020 12:43am Aug 10, 2020 12:43am
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