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Cable Update (GBPUSD)

  • #543,761
  • Edited 1:39pm Aug 20, 2020 1:21pm | Edited 1:39pm
Quoting nessus94
Keep shorting people i need to short 1,33/1,34
not worry i am short @ 1.3170 ( edit: very small position )
  • #543,762
  • Aug 20, 2020 1:38pm Aug 20, 2020 1:38pm
Quoting seincard
Today full of trap if gu going up it’s possible very fast and very hard ...
unfortunately i missed that
now wait for better entry ...
  • #543,763
  • Aug 20, 2020 1:40pm Aug 20, 2020 1:40pm
Looks over for bears, today has bulls with even more volume than yesterday

Unless tomorrow is a big down day....

Lets see next week then
COT: The precious data ignored
  • #543,764
  • Aug 20, 2020 1:52pm Aug 20, 2020 1:52pm
If this closes about this level it will be a “mean joke”. Three candles, almost engulfing each other at the daily level 3 days in a row
Attached Image (click to enlarge)
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  • #543,765
  • Aug 20, 2020 1:55pm Aug 20, 2020 1:55pm
Attached Image (click to enlarge)
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yes yes yes
  • #543,766
  • Aug 20, 2020 1:58pm Aug 20, 2020 1:58pm
Quoting Moty
{image}
So which one is the fakeout, today, yesterday or tuesday? :-) pa for scalping... the drop in thr NY session is fueled again by a strong push from us stock market.. so during the night the big players sold and in the morning the small players buy stocks? Awesome
  • #543,767
  • Aug 20, 2020 2:00pm Aug 20, 2020 2:00pm
This is that type of day a currency acts RANDOMLY.
No reason whatsoever for Gbp crazy strength, it's like a one man show, all other currencies normal vs USD.
Some might say it was possible to reach 1.3215, I say 1.3250s possible too BUT 1.3030s was MORE POSSIBLE and 1.3160s was supposed to be the Top range, maybe tomorrow break above but not today!
Now fight will be for weekly close above or below 1.3160s
Let's see..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #543,768
  • Aug 20, 2020 2:04pm Aug 20, 2020 2:04pm
Quoting ChiForex
This is that type of day a currency acts RANDOMLY..... ..
yes

today is a
BIG Banks Day !
  • #543,769
  • Aug 20, 2020 2:07pm Aug 20, 2020 2:07pm
Quoting shahab8b
I ask you this, where is the support and TL on this chart? are they broken? Buyers will show up when we get closer to 1.30. {image}
I'm thinking this might be at play.
Attached Image (click to enlarge)
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  • #543,770
  • Aug 20, 2020 2:08pm Aug 20, 2020 2:08pm
and now,

GU want's KILL any account with short positions very slowly ...
  • #543,771
  • Aug 20, 2020 2:11pm Aug 20, 2020 2:11pm
Quoting shahab8b
{quote} I'm thinking this might be at play. {image}
AUD is doing exactly the same thing tonight. I would want to agree with you, but feels far fetched. But position building could be possible for sure. There was some bad news today so would be a great trap to get sale at higher price...
  • #543,772
  • Aug 20, 2020 2:14pm Aug 20, 2020 2:14pm
Quoting seincard
and now, GU want's KILL any account with short positions very slowly ...
slowly? 150pips in 4 hours is everything else than slowly:-)

for sure, sp500 did its thing today, up 1% from open price... lets all just but some tesla stocks instead and get rich..
  • #543,773
  • Aug 20, 2020 2:17pm Aug 20, 2020 2:17pm
Quoting Siame
I've switched to the Weekly, if we get a bearish close, I'll be flipping Bearish in the coming week. We still have 2 trading days to either continue or flip.
The Unexpected happened today. Unless we have a reversal back down, I have no reason to go against this trend this week.

1.33000 next plan
  • #543,774
  • Aug 20, 2020 2:18pm Aug 20, 2020 2:18pm
Quoting krst8
{quote} AUD is doing exactly the same thing tonight. I would want to agree with you, but feels far fetched. But position building could be possible for sure. There was some bad news today so would be a great trap to get sale at higher price...
I was bullish in the morning when everyone shouting short. I'm suspecting this wave count based on EU and other pairs. I might be wrong.
  • #543,775
  • Aug 20, 2020 2:18pm Aug 20, 2020 2:18pm
Quoting krst8
{quote} slowly? 150pips in 4 hours is everything else than slowly:-) for sure, sp500 did its thing today, up 1% from open price... lets all just but some tesla stocks instead and get rich..

i mean at this moment until tomorrow
  • #543,776
  • Aug 20, 2020 2:22pm Aug 20, 2020 2:22pm
my open trades now
will see what happen
Attached Image (click to enlarge)
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Like your wife says, hold the fucking position until I tell you I'm done.
  • #543,777
  • Aug 20, 2020 2:27pm Aug 20, 2020 2:27pm
your better off seeing the weekly before comment
Quoting ozalid
{quote} Today is an example that you can earn more by buying after the H4 entry signal in line with the larger trend. However, people preferred to make only a little selling, possibly after someone wrote that the weekly candle (which is not over yet) shows a decline. I do not understand this
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #543,778
  • Aug 20, 2020 2:28pm Aug 20, 2020 2:28pm
Quoting vowan4ik
my open trades now will see what happen {image}
I think will start to retrace a bit now bro i might be wrong
But overall is buy
Cya all tomorrow take care.
  • #543,779
  • Aug 20, 2020 2:34pm Aug 20, 2020 2:34pm
bearish weekly like I posted or lower
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #543,780
  • Aug 20, 2020 2:39pm Aug 20, 2020 2:39pm
Quoting Bones
bearish weekly like I posted or lower
It is bullish
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