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Cable Update (GBPUSD)

  • #544,641
  • Aug 26, 2020 12:02pm Aug 26, 2020 12:02pm
Quoting Georginson
{quote} I'm not selling mate... I said i will gladly sell at 1.32 to Target 1.28.
My good memory is my biggest curse...
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Always trade your own plan...I don't provide trading signals.
  • #544,642
  • Aug 26, 2020 12:05pm Aug 26, 2020 12:05pm
Quoting pipfarm
Probably a little more downside before going long, reason being that the weekly is now showing a dip (LL LH) and the corrective swing which is visible from the daily is not quite finished, internal structure for the correction is fully visible on the 4h . In the mean time the hourly did give a nice dip for a sweet 70 pip long trade, So patience is the name of the game for the big pips

Lets see if this can make a new daily high, its looking very good
Follow The Markets Structure - Patience and Discipline
  • #544,643
  • Aug 26, 2020 12:08pm Aug 26, 2020 12:08pm
Quoting Coreg2004
{quote} My good memory is my biggest curse...{image}
this dude isn't honest so don't believe anything he says the only honest person here is Moty
  • #544,644
  • Aug 26, 2020 12:11pm Aug 26, 2020 12:11pm
Quoting Georginson
{quote} Closed at 1.3183.... not satisfied with price action here. Weekly range not complete yet, price can still attain 1..3250 before final drop.
Good to have closed now looking to sell at higher level
Data + Stat + Risk/Emotions Management
  • #544,645
  • Aug 26, 2020 12:11pm Aug 26, 2020 12:11pm
Quoting Coreg2004
{quote} My good memory is my biggest curse...{image}
I closed it at 1.3118 level yesterday
Data + Stat + Risk/Emotions Management
  • #544,646
  • Aug 26, 2020 12:13pm Aug 26, 2020 12:13pm
Quoting Georginson
{quote} Scaled out at 1.3118. not satisfied with this PA.
@Coreg2004... Here is the closure confirmation of that trade.
Data + Stat + Risk/Emotions Management
  • #544,647
  • Aug 26, 2020 12:30pm Aug 26, 2020 12:30pm
Quoting Georginson
{quote} @Coreg2004... Here is the closure confirmation of that trade.
Georginson, I misunderstood the phrase: Scaled out at 1.3118...my bad.
Always trade your own plan...I don't provide trading signals.
  • #544,648
  • Aug 26, 2020 12:36pm Aug 26, 2020 12:36pm
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yes yes yes
  • #544,649
  • Aug 26, 2020 12:36pm Aug 26, 2020 12:36pm
Quoting Coreg2004
{quote} Georginson, I misunderstood the phrase: Scaled out at 1.3118...my bad.
No issue mate.
Data + Stat + Risk/Emotions Management
  • #544,650
  • Aug 26, 2020 1:39pm Aug 26, 2020 1:39pm
Maybe ready for short ... but wait until h4 close...
  • #544,651
  • Aug 26, 2020 1:39pm Aug 26, 2020 1:39pm
Quoting zizoo
Does anyone trade with weekly pivots? Since yesterday price has moved between pivot 1.31377 (pivot) and 1.30581 (S38) Cable is also at a minor resistance level {image}
Does anyone trade with weekly pivots? Price is now at weekly R38 level. If you got in from weekly pivot and target R38 you'd be up 75+ pips by now!

NB: I didn't take the trade. I waited to see how the cable would move.
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when you can accurately predict the future, you leave nothing to chance.
  • #544,652
  • Aug 26, 2020 1:46pm Aug 26, 2020 1:46pm
** am no pro or something but I think price is Ranging
**USdx 4H chart
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**GU 4H chart
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#_trade safe
BARAK
  • #544,653
  • Aug 26, 2020 2:02pm Aug 26, 2020 2:02pm
Quoting zizoo
{quote} Does anyone trade with weekly pivots? Price is now at weekly R38 level. If you got in from weekly pivot and target R38 you'd be up 75+ pips by now! NB: I didn't take the trade. I waited to see how the cable would move. {image}
Hi Zizoo,
Yes, sure I trade with weekly pivots. I do see however that you trade with Voty pivots. My weekly res 1 just above your R38. As much as pivots are a reasonable gauge for weekly price movement I do believe that you need extra filters for timing price action. R38 gets broken and tends to become support and so forth. Davit's thread is all about this. I for one would certainly not go short just because I see R38. I would not go long just because I see a weekly pivot. It takes gauges and so forth. Weekly pivots are good in ranging periods but need extra filters in trendy periods.

Cheers.
Trade to trade another day
  • #544,654
  • Aug 26, 2020 2:10pm Aug 26, 2020 2:10pm
Quoting MarketPatrol
** am no pro or something but I think price is Ranging **USdx 4H chart {image} **GU 4H chart {image} #_trade safe
Agree with the usdix range
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  • #544,655
  • Aug 26, 2020 2:30pm Aug 26, 2020 2:30pm
i am bullish with GBPUSD and target can be up to 1.39 in midterm and longterm

but i think its not yet ready to fly

we might have one last push up and then down

i will be interested to buy in 1.28 or .129 area

we have also a possible harmonic pattern it might happen
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  • #544,656
  • Edited 3:33pm Aug 26, 2020 3:17pm | Edited 3:33pm
wtf moty, you ignored me??? what the fuck ru doing?? haha i dont mind ( i hope you fix ur mind well little boE )

my golden army still fight back well . going add $ more to the south poll

gold 1st bears out at 1944 ( prepare to fight )
  • #544,657
  • Edited 4:33pm Aug 26, 2020 4:20pm | Edited 4:33pm
If it was football the referee would judge the EU off side. EU is not acting like the Anti dollar, GU is completely bullish on daily view. This just created doubts for me
BARAK
  • #544,658
  • Aug 26, 2020 9:39pm Aug 26, 2020 9:39pm
almost 22:00
time to go to bed, well done and good job all prepare to fight
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  • #544,659
  • Aug 26, 2020 10:17pm Aug 26, 2020 10:17pm
Now prepared for a sell from 1.3235 area or whatever the price is at 07:15gmt (UK time) I will start selling for a target of 1.3060.
Data + Stat + Risk/Emotions Management
  • #544,660
  • Aug 26, 2020 11:03pm Aug 26, 2020 11:03pm
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yes yes yes
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