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Cable Update (GBPUSD)

  • #543,061
  • Aug 18, 2020 7:21am Aug 18, 2020 7:21am
Trading against the herd is usually a great idea
https://www.forexfactory.com/trades#...ions-details=1
Compulsions can be hard to resist
  • #543,062
  • Aug 18, 2020 7:21am Aug 18, 2020 7:21am
Quoting trumps
I wouldn't be selling into this pattern and major trend line break. Not for too many pips anyway. Looks to me like the low of 1.30051 is set. {image} {image}
yes
Intraday only.
  • #543,063
  • Aug 18, 2020 7:24am Aug 18, 2020 7:24am
Quoting ricmaj
{quote} i prefer to place my focal point on the top resistance. the Bottom might still look like a mirage.
That's why you shouldn't do that
  • #543,064
  • Aug 18, 2020 7:24am Aug 18, 2020 7:24am
Quoting vowan4ik
need more up movement) {image}
moved sl at BE
Attached Image (click to enlarge)
Click to Enlarge Name: gu 18 08 2.jpg Size: 135 KB
Like your wife says, hold the fucking position until I tell you I'm done.
  • #543,065
  • Aug 18, 2020 7:28am Aug 18, 2020 7:28am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 42 KB
Attached Image (click to enlarge)
Click to Enlarge Name: dx1.png Size: 37 KB
yes yes yes
  • #543,066
  • Aug 18, 2020 7:30am Aug 18, 2020 7:30am
R4 is tested today.

To me it should back off.

Let us see
Intraday only.
  • #543,067
  • Aug 18, 2020 7:33am Aug 18, 2020 7:33am
Quoting knkie
{quote} i will target 3192 initially for 24 pips but if it is a powerful move i will target 3205 for 37 pips to hunt the stops up there
exit + 25 pips

i think price is still going to go up further
most likely hunting the 3205 stops
in wondering about yourself, you forgot what you came here to be part of
  • #543,068
  • Aug 18, 2020 7:33am Aug 18, 2020 7:33am
The final 1.3200 attraction bulls have desperately been looking for, so an interrupted fall to follow in my view. As stated earlier 1 hour of more pain to bears.
Data + Stat + Risk/Emotions Management
  • #543,069
  • Aug 18, 2020 7:33am Aug 18, 2020 7:33am
Quoting Moty
{image}{image}
3210 a gap there
break this gap, more high to 3250/3330.
it possible pullback from the gap but dxy already break S, accept the dxy weakness mate
PA Return Today: 0.3%
  • #543,070
  • Aug 18, 2020 7:40am Aug 18, 2020 7:40am
Quoting knkie
exit + 25 pips i think price is still going to go up further most likely hunting the 3205 stops
Nicely done

Expecting that raid of stops before a retracement.
  • #543,071
  • Aug 18, 2020 7:50am Aug 18, 2020 7:50am
I was about explaining the range would be 1.318 - 1.3158 for a moment, because I expected a consolidation there, but now it's invalid. That's better than expected.
1.32 doesn't look solid as stop.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD+H1.png Size: 27 KB
Let the market decide
  • #543,072
  • Aug 18, 2020 7:51am Aug 18, 2020 7:51am
Your stop loss is my entry...
Le$$ I$ More
  • #543,073
  • Aug 18, 2020 8:01am Aug 18, 2020 8:01am
Quoting navk
R4 is tested today. To me it should back off. Let us see
it looks like your student has lost direction.
yesterday was a day in the range of 50 pips from high to low so he saw some money, like all traders yesterday, market was kind.
and there i saw even SL , talk about 4/5 winners via the strategy. there was applause to him,
And today .... -90 pips.
And the search continues for everything possible retrace that not show.
There are things that never change, i think 2PAC said it.
HELP, S.O.S!
  • #543,074
  • Aug 18, 2020 8:03am Aug 18, 2020 8:03am
Quoting JayBag
{quote} I agree we are facing a solid Bullish wave and I can't do or say otherwise. IF this is the BO to ride higher without testing last week's LOW, then TODAY candle MUST close convincingly above 1.3118. But IF we close below 1.3118 today, then there's high chance of last week's LOW retest. Note: For anyone who's lazy to read only the 'MUST' please acknowledge the big 'IF' Pretty simple idea. StaySafe
Well, I know anything can happen in the market, but no ways bears getting a piece off this pie.. The lowest I think retrace can reach is 1.3118..

Let the bulls gather for a quick selfie and beer..
SS
  • #543,075
  • Aug 18, 2020 8:03am Aug 18, 2020 8:03am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 21 KB
yes yes yes
  • #543,076
  • Aug 18, 2020 8:05am Aug 18, 2020 8:05am
Quoting Georginson
Short 1.3163 target 1.3093... stop 1.3205 For me only.
Since 1.3200 finally seen. Changed target to swing 1.3000 level, stop also modified to 1.3237. this week is the duration for closure.

For me only
Data + Stat + Risk/Emotions Management
  • #543,077
  • Aug 18, 2020 8:05am Aug 18, 2020 8:05am
Wow Congrats to those who short the Dollar!
Major moves for Majors! New highs!
I had thought today gonna be a slow day, hence decided to do household errands.....
  • #543,078
  • Aug 18, 2020 8:05am Aug 18, 2020 8:05am
I think going to retrace now
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #543,079
  • Aug 18, 2020 8:06am Aug 18, 2020 8:06am
Reversal imminent in the next few hours... Going back to 1,3000 in my view.
Observation is the path to discovery.
  • #543,080
  • Aug 18, 2020 8:09am Aug 18, 2020 8:09am
Quoting JayBag
{quote} Well, I know anything can happen in the market, but no ways bears getting a piece off this pie.. The lowest I think retrace can reach is 1.3118.. Let the bulls gather for a quick selfie and beer.. SS
I will break your selfie device... Angry bear is coming for selfie too.
Data + Stat + Risk/Emotions Management
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