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Cable Update (GBPUSD)

  • #541,801
  • Aug 10, 2020 6:15am Aug 10, 2020 6:15am
I dont trust this short, feel like price will going up soon, closed my short..wait and see..
  • #541,802
  • Aug 10, 2020 6:27am Aug 10, 2020 6:27am
that was the spike to be shorted in London.

when 4 hr is sell, one should look to sell in london.

Pivot is also below daily open. so short in london spike is correct

Place to short ? spike above band.

Now I have small longs which i will close.

And look to buy below round number.
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Intraday only.
  • #541,803
  • Aug 10, 2020 6:33am Aug 10, 2020 6:33am
Quoting Moty
fuc*ing sl hunters {image} {image}
moty, if you have TMA band, use that. In addition to pivot point rule
Intraday only.
  • #541,804
  • Aug 10, 2020 6:33am Aug 10, 2020 6:33am
Will emergency close if something not right
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  • #541,805
  • Aug 10, 2020 6:35am Aug 10, 2020 6:35am
I would hold short, we are way off that daily dip reversing but will be keeping an eye on it
Follow The Markets Structure - Patience and Discipline
  • #541,806
  • Aug 10, 2020 6:35am Aug 10, 2020 6:35am
Quoting SCopier
I dont trust this short, feel like price will going up soon, closed my short..wait and see..
should go 20pips, because navk just bought small trendline, but he said he will close soon..
  • #541,807
  • Aug 10, 2020 6:36am Aug 10, 2020 6:36am
IMO,

Usually with this kind of set up, S1 test is normal.

But today... let us see.

As for as I am concerned, the S1 target rule gives me confidence to short bu not for booking profits
Intraday only.
  • #541,808
  • Aug 10, 2020 6:38am Aug 10, 2020 6:38am
Quoting SCopier
Will emergency close if something not right {image}
your set ups are great.

But today it is not in demand zone. Take care.

That is why i closed my longs for few pips
Intraday only.
  • #541,809
  • Aug 10, 2020 6:39am Aug 10, 2020 6:39am
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yes yes yes
  • #541,810
  • Aug 10, 2020 6:40am Aug 10, 2020 6:40am
Quoting navk
IMO, Usually with this kind of set up, S1 test is normal. But today... let us see. As for as I am concerned, the S1 target rule gives me confidence to short bu not for booking profits
Hi Navk,
Can you plz post support and resistance chart fie today plz?
  • #541,811
  • Aug 10, 2020 6:41am Aug 10, 2020 6:41am
Quoting navk
IMO, Usually with this kind of set up, S1 test is normal. But today... let us see. As for as I am concerned, the S1 target rule gives me confidence to short bu not for booking profits
Hi Navk,
Can you plz post support and resistance chart for today plz?
  • #541,812
  • Aug 10, 2020 6:42am Aug 10, 2020 6:42am
Quoting haathmilao
{quote} Hi Navk, Can you plz post support and resistance chart fie today plz?
sure.

you mean pivot point support/resistance ?
Intraday only.
  • #541,813
  • Aug 10, 2020 6:43am Aug 10, 2020 6:43am
Quoting navk
{quote} your set ups are great. But today it is not in demand zone. Take care. That is why i closed my longs for few pips
I will wait and see when price near retrace TL/pivot.
  • #541,814
  • Aug 10, 2020 6:46am Aug 10, 2020 6:46am
still longs will not be diappointed. Daily candle is short... but those important lines in daily not crossed to confir, short.

Tuesday may give clear picture about daily.
Intraday only.
  • #541,815
  • Aug 10, 2020 6:46am Aug 10, 2020 6:46am
Quoting navk
{quote} sure. you mean pivot point support/resistance ?
Yes plz
  • #541,816
  • Aug 10, 2020 6:48am Aug 10, 2020 6:48am
Quoting haathmilao
{quote} Yes plz
check this file

https://www.forexfactory.com/thread/...0#post12638120
Intraday only.
  • #541,817
  • Aug 10, 2020 6:53am Aug 10, 2020 6:53am
1H with a good push..not sure about long still..must wait Ny to be clear
1H usdix
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  • #541,818
  • Aug 10, 2020 6:54am Aug 10, 2020 6:54am
Quoting navk
{quote} check this file https://www.forexfactory.com/thread/...0#post12638120
Thanks a lot
  • #541,819
  • Aug 10, 2020 6:57am Aug 10, 2020 6:57am
Watch H4 candle pattern
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  • #541,820
  • Aug 10, 2020 6:57am Aug 10, 2020 6:57am
Quoting Wavegarrick
{quote} Hi Guys, I am in with 2 shorts to start the week. Price currently flirting with my weekly pivot at 1.30728. If we have a 4 hourly close in 151 minutes from now, above my weekly pivot I would start getting a bit concerned with my shorts and more so a clear break above 1.31000. Have a great week Cheers. {image}
From an hourly perspective. Price seems to be trapped in the triangle formed with a perfect bounce off my ascending trendline. Going into NY I suspect a retest of my daily pivot and daily open at 1.30522 ish. I guess a breakout of the triangle either way will make direction more clear.

Nevertheless, all trades locked in and price must do what it has to.

Trade safe.
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