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Cable Update (GBPUSD)

  • #542,081
  • Aug 11, 2020 5:20pm Aug 11, 2020 5:20pm
Quoting Georginson
Gold crash today means something. GBPUSD to follow, 160 pips daily range to the downside looms in one of the last 3 trading days of this week. Scalping buys will likely get burnt. Warning sign last week Friday. Note. My candid view, strictly no obligation to follow.
There's still room to go higher and I don't think market follows anything like ranges strictly. Take this particular pair GU and gold as an example.
  • #542,082
  • Edited 7:41pm Aug 11, 2020 6:18pm | Edited 7:41pm
Quoting godlike
{quote} There's still room to go higher and I don't think market follows anything like ranges strictly. Take this particular pair GU and gold as an example.
GBPUSD follows ranges 95% of the time. July 2020 range same as October 2019 range. Just an example. Gold is a commodity not a currency so ranges don't apply with accuracy on Gold. I only check gold price to ascertain the strength of dollar. GU will attack 1.29 level this week as far as 1.3130 is not broken and expect at least 1.2770 area this August as far as 1.3185 isn't broken as well.
Data + Stat + Risk/Emotions Management
  • #542,083
  • Aug 11, 2020 7:06pm Aug 11, 2020 7:06pm
how low will we go?

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  • #542,084
  • Aug 11, 2020 7:06pm Aug 11, 2020 7:06pm
Quoting OxyGen_FX
{quote} Closing half for +35 pips. I had earlier closed shorts with losses as prices went up. Now, it has come back down. Well, I guess it was the right thing to do back then, I must tell myself. One never knows where the price will go. GU is so close to 1.32 to signal bulls, and yet the upward converging triangle inspire some bearish confidence. Have to be very careful at this point I guess. {image}
Trade still in play, watching out for bounce at 1.30 area.
Attached Image
  • #542,085
  • Aug 11, 2020 7:40pm Aug 11, 2020 7:40pm
GM all, short trend has begun
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  • #542,086
  • Aug 11, 2020 7:43pm Aug 11, 2020 7:43pm
gu all ready broke y's low
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yes yes yes
  • #542,087
  • Aug 11, 2020 7:52pm Aug 11, 2020 7:52pm
Quoting SCopier
GM all, short trend has begun {image}
Closed my trades, not confidence wait and see..
  • #542,088
  • Aug 11, 2020 7:55pm Aug 11, 2020 7:55pm
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a lot of pairs have similar pattern
be patient
  • #542,089
  • Aug 11, 2020 8:05pm Aug 11, 2020 8:05pm
Correction first before to downward,scalping for long
Attached Image (click to enlarge)
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  • #542,090
  • Aug 11, 2020 9:08pm Aug 11, 2020 9:08pm
Release da HOUNDS!!!!!!!
Don't compare your trades to others. Most often the masses are the asses
  • #542,091
  • Aug 11, 2020 9:16pm Aug 11, 2020 9:16pm
Quoting Yngwie
Down Down Down

Ka-Ching!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #542,092
  • Aug 11, 2020 9:32pm Aug 11, 2020 9:32pm
Quoting Moty
gu all ready broke y's low{image}{image}
MOTY, a retrace close to daily pivot is not ruled out.

Then again in london, to be sold for a target S1 minimum
Intraday only.
  • #542,093
  • Aug 11, 2020 10:13pm Aug 11, 2020 10:13pm
a week for short
  • #542,094
  • Aug 11, 2020 11:26pm Aug 11, 2020 11:26pm
Quoting SCopier
Correction first before to downward,scalping for long {image}
Trying long now sl 3010, lets check this cable, but i don’t like go against volume
  • #542,095
  • Aug 11, 2020 11:51pm Aug 11, 2020 11:51pm
my first attempt at trading GU before GDP data
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  • #542,096
  • Aug 12, 2020 12:24am Aug 12, 2020 12:24am
GDP... a spike down could happen to test S1 or below..

S1 is 3014.

Or may be round number ?

Let us wait and watch. Flat now
Intraday only.
  • #542,097
  • Aug 12, 2020 12:39am Aug 12, 2020 12:39am
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yes yes yes
  • #542,098
  • Aug 12, 2020 12:42am Aug 12, 2020 12:42am
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  • #542,099
  • Aug 12, 2020 12:43am Aug 12, 2020 12:43am
Rainbow is at a turning point-- my $ is on short
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Dragon Rider
  • #542,100
  • Edited 12:56am Aug 12, 2020 12:46am | Edited 12:56am
Quoting navk
{quote} MOTY, a retrace close to daily pivot is not ruled out. Then again in london, to be sold for a target S1 minimum
yes , let him retrace, i am in
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wow , gold is 200$ from all time high in 1 week
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yes yes yes
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