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Cable Update (GBPUSD)

  • #543,501
  • Aug 20, 2020 3:02am Aug 20, 2020 3:02am
Quoting akim0895
{quote} what a wasted when this forum full with that kind of person..other already move foward but he keep moving backward..same thing posting over and over again.. maybe he have a mental problem..
It's crazy but He just got he's fair warning.. I am here for trade related ideas.. I don't have friends nor Enemies here..

Here, we talk money and how we can all earn.
Anyway, back to GU..

Could you please share a swing target? From these lows, I have 1.37 impulse wave to maybe complete next week.. What do you have Akim?

SS
  • #543,502
  • Aug 20, 2020 3:06am Aug 20, 2020 3:06am
Quoting JayBag
{quote} It's crazy but He just got he's fair warning.. I am here for trade related ideas.. I don't have friends nor Enemies here.. Here, we talk money and how we can all earn. Anyway, back to GU.. Could you please share a swing target? From these lows, I have 1.37 impulse wave to maybe complete next week.. What do you have Akim? SS
50 % of what I made yesterday has been done today since tokyo open.

Now flat.

So I am on threads now.

Hopefully, I can make the balance 50 % today sometime in NY.
Intraday only.
  • #543,503
  • Aug 20, 2020 3:07am Aug 20, 2020 3:07am
CROOKS trap . the frop is coming .
for 43 pips at least.
there not be deep correction , the gu is building a bearish flag
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dx1.png Size: 35 KB
Click to Enlarge Name: gu1.png Size: 32 KB
Click to Enlarge Name: gu2.png Size: 28 KB
yes yes yes
  • #543,504
  • Aug 20, 2020 3:08am Aug 20, 2020 3:08am
Quoting JayBag
{quote} It's crazy but He just got he's fair warning.. I am here for trade related ideas.. I don't have friends nor Enemies here.. Here, we talk money and how we can all earn. Anyway, back to GU.. Could you please share a swing target? From these lows, I have 1.37 impulse wave to maybe complete next week.. What do you have Akim? SS
1.35/37 possible target for long term play mate..
this bear just temporary play..
just for a cup of coffee...
  • #543,505
  • Aug 20, 2020 3:08am Aug 20, 2020 3:08am
To put it out so it's not after the fact or vague predictions, For my 1.37 target idea to materialize, Today's candle must close above yesterday's candle in a very obvious manner.

This is my idea and I owe nobody any trolling. I don't troll others when/if their ideas don't go as planned.

SS
  • #543,506
  • Aug 20, 2020 3:10am Aug 20, 2020 3:10am
Quoting OnlineAddict
Daily setup is a clear BEAR, look for short setups between 3100-3200, not long setups. 2800 is on the way...
it is more possible to close the weekly candle around 1.32
  • #543,507
  • Aug 20, 2020 3:10am Aug 20, 2020 3:10am
Quoting Alorente
{quote} In EU, the 1.1650-1.1660 area, also retests the broken 13 year old trendline (arrow) which is extremely likely to be tested before going up. Also the weekly pin bar forming points in the same direction. {image}
For GU, 1.2880 also offers a retest (arrow)of the weekly 200 SMA (blue), which is extremely likely after a 7 year break.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 200 SMA Retest.png Size: 178 KB
Observation is the path to discovery.
  • #543,508
  • Aug 20, 2020 3:11am Aug 20, 2020 3:11am
Quoting navk
{quote} 50 % of what I made yesterday has been done today since tokyo open. Now flat. So I am on threads now. Hopefully, I can make the balance 50 % today sometime in NY.
Awesome Nav, I have noticed you like Tokyo alot.. I also think it's suitable for scalps as you are quite good with that..

Alot of pips today for sure..
Let's pile up

Nothing beats the joy of earning
SS
  • #543,509
  • Aug 20, 2020 3:12am Aug 20, 2020 3:12am
Quoting JayBag
To put it out so it's not after the fact or vague predictions, For my 1.37 target idea to materialize, Today's candle must close above yesterday's candle in a very obvious manner. This is my idea and I owe nobody any trolling. I don't troll others when/if their ideas don't go as planned. SS
like they said..
different traders so will come with different view and opinion..
for me..
i want today to close lower..
then next day or week bull will back again..
if today close higher or green at daily so possible more drop coming...
i might be wrong too..
just for a cup of coffee...
  • #543,510
  • Aug 20, 2020 3:12am Aug 20, 2020 3:12am
GU did what looks like a typical "rejection" after making new high and breaking long term trendline.
(see yellow arrow, Daily chart)
Attached Image


I will not go long, as I find it hard to go against this "rejection".
I will not go short, as the main trend is up. (technically the "rejection"is not a false break until price dips a further 200-300 pips....)
Which means I will stay out of this for a while. Maybe will go short (and aim 1.30) if GU rallies a bit and got rejected again by trendline at about 1.3160. But still gotta see the structure of the price action first.....
  • #543,511
  • Aug 20, 2020 3:14am Aug 20, 2020 3:14am
Quoting akim0895
{quote} 1.35/37 possible target for long term play mate.. this bear just temporary play..
I have to agree.. People are stuck with small TF and I can't blame them if they think it's a bear market for long term..
I just hope when the spikes comes through, nobody will be saying crooks or brokers are thieves ..

More popcorn for me please..
SS
  • #543,512
  • Aug 20, 2020 3:19am Aug 20, 2020 3:19am
Quoting JayBag
{quote} I have to agree.. People are stuck with small TF and I can't blame them if they think it's a bear market for long term.. I just hope when the spikes comes through, nobody will be saying crooks or brokers are thieves .. More popcorn for me please.. SS
tf's are not the index, numbers are the index.

every pip count!
  • #543,513
  • Aug 20, 2020 3:19am Aug 20, 2020 3:19am
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 28 KB
yes yes yes
  • #543,514
  • Aug 20, 2020 3:20am Aug 20, 2020 3:20am
Quoting JayBag
{quote} I have to agree.. People are stuck with small TF and I can't blame them if they think it's a bear market for long term.. I just hope when the spikes comes through, nobody will be saying crooks or brokers are thieves .. More popcorn for me please.. SS
Weekly chart....i wouldn't start buying here, long term

Attached Image
COT: The precious data ignored
  • #543,515
  • Aug 20, 2020 3:22am Aug 20, 2020 3:22am
It's not going back into that candle ,if I'm wrong then that open will change...
I urge you to assess the weekly right now.
It's not too early to read it.
What you're looking at is how it breaks without going up.




Quoting Bones
{quote} its not going back in to that candle {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-not going Daily.png Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #543,516
  • Aug 20, 2020 3:22am Aug 20, 2020 3:22am
Quoting ozalid
{quote} it is more possible to close the weekly candle around 1.32
it won't
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 20 KB
yes yes yes
  • #543,517
  • Edited 6:30am Aug 20, 2020 3:24am | Edited 6:30am
Quoting Moty
{quote} it won't {image}
Buy now sl 20 pips
  • #543,518
  • Aug 20, 2020 3:28am Aug 20, 2020 3:28am
Quoting kuroro001
{quote} Weekly chart....i wouldn't start buying here, long term {image}
Fair enough.. I have exit points as usual. However, I still have to stick with my idea till it arrive at that exit point. I don't like marrying trades so I do not plan on forcing things when there's nothing to force

Until I reach that level, I am on the bull side..
SS
  • #543,519
  • Aug 20, 2020 3:32am Aug 20, 2020 3:32am
Quoting Siame
{quote} I've filled a BUY portion, expecting my second order to be filled. If we continue and close below this Weekly High, I'll reassess my Bias. {image}
Not looking good. I've exited these positions.

I'll wait to see how New York responds to take a position.
  • #543,520
  • Aug 20, 2020 3:34am Aug 20, 2020 3:34am
YESTERDAY BEARISH ENGULFING CANDLE LOW is broken .
the drop is here
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 23 KB
Click to Enlarge Name: gu2.png Size: 30 KB
yes yes yes
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