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Cable Update (GBPUSD)

  • #543,001
  • Aug 18, 2020 12:36am Aug 18, 2020 12:36am
Quoting Moty
break even in the making ? dx have a lot of buyer at 92.5 , price should not pass there {image}
shouldnt you have stops?
  • #543,002
  • Aug 18, 2020 12:51am Aug 18, 2020 12:51am
if the price retraces below 3150, possibly 3200 could get hit today in NY
Intraday only.
  • #543,003
  • Aug 18, 2020 12:58am Aug 18, 2020 12:58am
Quoting navk
if the price retraces below 3150, possibly 3200 could get hit today in NY
Am with you. The week has set itself to go high.
Le$$ I$ More
  • #543,004
  • Aug 18, 2020 1:29am Aug 18, 2020 1:29am
Quoting gatenio
{quote} opposite view is you strategy? are you having fun being a troll? lol..
Love to have fun

more shorts on High?
Make money by doing the opposite of Giveachance aka loser
  • #543,005
  • Aug 18, 2020 1:37am Aug 18, 2020 1:37am
Quoting Roszey
{quote} Am with you. The week has set itself to go high.
it can also reverse
Attached Image (click to enlarge)
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yes yes yes
  • #543,006
  • Aug 18, 2020 1:40am Aug 18, 2020 1:40am
Quoting nessus94
{quote} Love to have fun more shorts on High?
your are saying rinse and repeat for long time.. and the price going up.. are you sure you are a trader of just unemployed due covid 19 that just want to troll?
  • #543,007
  • Aug 18, 2020 2:05am Aug 18, 2020 2:05am
this is far as you go , you shell not pass
Attached Image (click to enlarge)
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yes yes yes
  • #543,008
  • Aug 18, 2020 2:12am Aug 18, 2020 2:12am
Quoting Moty
this is far as you go , you shell not pass {image}
Going against the trend can be draining as every pip rise brings anxiety but one thing for sure is that the trend is usually your friend when it's just starting not when it is ending. 1.3200 is like a psychological magnet which almost everyone stares in the eyes but the LIMITED fall is around the corner for just 100 - 250 pips before aggressive push again.
Data + Stat + Risk/Emotions Management
  • #543,009
  • Aug 18, 2020 2:17am Aug 18, 2020 2:17am
gj 4hr bullish now. still looking at 140, but this renewed strength makes me wonder if its got a kick left.
  • #543,010
  • Aug 18, 2020 2:24am Aug 18, 2020 2:24am
Quoting WhipKream
gj 4hr bullish now. still looking at 140, but this renewed strength makes me wonder if its got a kick left.
138-139 looks to be a Support (HL) for the long-term trend.

Expecting 142 for first target and then 144.
  • #543,011
  • Aug 18, 2020 2:28am Aug 18, 2020 2:28am
Quoting Siame
{quote} 138-139 looks to be a Support (HL) for the long-term trend. Expecting 142 for first target and then 144.
im ready to jump out 139.5, but all honesty i wouldnt be surprised to see 143. bullish weekly would be nice though.
  • #543,012
  • Aug 18, 2020 2:29am Aug 18, 2020 2:29am
Quoting Georginson
{quote} Going against the trend can be draining as every pip rise brings anxiety but one thing for sure is that the trend is usually your friend when it's just starting not when it is ending. 1.3200 is like a psychological magnet which almost everyone stares in the eyes but the LIMITED fall is around the corner for just 100 - 250 pips before aggressive push again.
no, it can up till 1.32378 this is the max target of wave 3 on daily.
Attached Image
  • #543,013
  • Edited 3:12am Aug 18, 2020 2:40am | Edited 3:12am
Quoting Siame
I'll be expecting London Session to take out the previous Week's High (1.31400). With the right momentum, we should see 1.31700 and subsequently 1.32 before New York close. Until then, I remain Bullish.
Any dips in New York session will most likely be bought. Presently it should remain at these highs as it is always already extended. An over-extension will be 1.32.

If we don't hit 1.32 today, I'll take a position during Asian session for a Bullish continuation.

Just my opinion.
  • #543,014
  • Aug 18, 2020 2:45am Aug 18, 2020 2:45am
Quoting Moty
{quote} it can also reverse {image}
Of course there is some strong resistance at the top. Previous month high.
Le$$ I$ More
  • #543,015
  • Aug 18, 2020 2:47am Aug 18, 2020 2:47am
Quoting Siame
{quote} Any dips in New York session will most likely be bought. Presently it should remain at these highs as it is always extended. An over-extension will be 1.32. If we don't hit 1.32 today, I'll take a position during Asian session for a Bullish continuation. Just my opinion.
Your opinion is well taken.
Le$$ I$ More
  • #543,016
  • Aug 18, 2020 2:56am Aug 18, 2020 2:56am
Hey guys depending on momentum and how Ny plays this but i expect a retrace, if retrace is not real , ima try to buy to tp at 1.32168
Good trades guys
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  • #543,017
  • Aug 18, 2020 2:58am Aug 18, 2020 2:58am
Quoting gatenio
{quote} no, it can up till 1.32378 this is the max target of wave 3 on daily. {image}
You may be right mate, 1.3237 not so distant from 1.3200.
Data + Stat + Risk/Emotions Management
  • #543,018
  • Aug 18, 2020 2:59am Aug 18, 2020 2:59am
there must be a retrace to 1.28xxx before the upside move must continue.

DO not BUY! this is a trap. SELL! its going to drop to at least 1.28xxx
  • #543,019
  • Aug 18, 2020 3:01am Aug 18, 2020 3:01am
Quoting princiano
there must be a retrace to 1.28xxx before the upside move must continue. DO not BUY! this is a trap. SELL! its going to drop to at least 1.28xxx
A lot of users want this, but i don’t think this will happen
  • #543,020
  • Aug 18, 2020 3:04am Aug 18, 2020 3:04am
Quoting princiano
there must be a retrace to 1.28xxx before the upside move must continue. DO not BUY! this is a trap. SELL! its going to drop to at least 1.28xxx
why must be..?
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