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Cable Update (GBPUSD)

  • #544,661
  • Aug 26, 2020 9:59pm Aug 26, 2020 9:59pm
Quoting Georginson
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.
Is there a particular reason for choosing 07:15 hrs UK time?
  • #544,662
  • Aug 26, 2020 10:21pm Aug 26, 2020 10:21pm
Morning all. Currently looking at GU to move 20 pips in either direction to get an entry I’d be happy with. Lots news in NY for USD which I stay away from so want to be done with trades by then. Will keep you posted.
  • #544,663
  • Aug 26, 2020 10:38pm Aug 26, 2020 10:38pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 40 KB
yes yes yes
  • #544,664
  • Aug 26, 2020 10:38pm Aug 26, 2020 10:38pm
Quoting joesherwood
Morning all. Currently looking at GU to move 20 pips in either direction to get an entry I’d be happy with. Lots news in NY for USD which I stay away from so want to be done with trades by then. Will keep you posted.
It should fall to 1.317 before any up move or continue falling
  • #544,665
  • Aug 26, 2020 10:42pm Aug 26, 2020 10:42pm
Quoting seincard
Maybe ready for short ... but wait until h4 close...

Morning

I am waiting for another high (H1) , then short

good luck
  • #544,666
  • Aug 26, 2020 10:51pm Aug 26, 2020 10:51pm
Quoting Moty
{image}
I like where you placed the first arrow for a probable bounce.

I also have 1.31566 marked on my chart.

Then there is the 1.3098 level which price didn't get to yesterday.
  • #544,667
  • Aug 26, 2020 11:04pm Aug 26, 2020 11:04pm
Quoting pipcenturion
{quote} Is there a particular reason for choosing 07:15 hrs UK time?
Just to stay disciplined.
Data + Stat + Risk/Emotions Management
  • #544,668
  • Aug 26, 2020 11:05pm Aug 26, 2020 11:05pm
Quoting Moty
{image}
Will move back to 1.317 today but not sure will go downward to 1.306. Very nice area to buy
  • #544,669
  • Aug 26, 2020 11:07pm Aug 26, 2020 11:07pm
This current 1.32 may be the last we will see before we visit 1.28 level. The return of this 1.32 in weeks ahead is to break it to 1.34 level. My attention is now skewed for a sell from here 1.3210, I may have some few pips negative but I don't mind. My first target is 1.3060.
Data + Stat + Risk/Emotions Management
  • #544,670
  • Aug 26, 2020 11:11pm Aug 26, 2020 11:11pm
Quoting epzero
{quote} It should fall to 1.317 before any up move or continue falling
Ah ok, just curious. What’s your reasoning for this
  • #544,671
  • Aug 26, 2020 11:12pm Aug 26, 2020 11:12pm
Morning Everyone,

1.32033 is key bounce area for bulls.. Shorts ideas above that handle is highly dangerous ..

We already have a few bounces there..
News don’t mean anything other than ‘Fuel’

I have never paid attention to it for years. It doesn’t change direction.. Instead it creates VOLA for already existing trend .. Ofcause I speak from the perspective of a swinger..

only scalpers fear news
StaySafe
  • #544,672
  • Aug 26, 2020 11:28pm Aug 26, 2020 11:28pm
First time here,
For me, weekly move is not finished yet.
Daily has resistance from previous reject there. But if today close above 1.3230, the next days is movement for weekly bull.
Today could be the decision to see whether it breaks above or not.
H4 also not finished for me, prefer to drop to 1.3197 and move higher.
Problem for me is H1 seem initiation of downward movement. And no interruption move appears so far.
So I will watch 1.3197, if it continues to drop from there, M15 downward movement not finished.
Otherwise M15 downward movement finished.
  • #544,673
  • Edited Aug 27, 2020 12:05am Aug 26, 2020 11:28pm | Edited Aug 27, 2020 12:05am
Quoting trumps
{quote} Actually, the 1 hr shows a little more room to move north before we hit a resistance zone {image} {image}
It's in the zone

so gotta short
Compulsions can be hard to resist
  • #544,674
  • Aug 26, 2020 11:30pm Aug 26, 2020 11:30pm
Long @ 1.32060 targeting 1.32560 tight sl
Keep the Lights on then you can catch the rise from the dark.
  • #544,675
  • Aug 26, 2020 11:43pm Aug 26, 2020 11:43pm
Quoting Georginson
{quote} Just to stay disciplined.
Okay, thanks for the response.
  • #544,676
  • Aug 26, 2020 11:49pm Aug 26, 2020 11:49pm
Quoting ricmaj
Long @ 1.32060 targeting 1.32560 tight sl
market will surely get to daily pivot before any buy so sl will hit
  • #544,677
  • Aug 26, 2020 11:50pm Aug 26, 2020 11:50pm
Quoting JayBag
Morning Everyone, 1.32033 is key bounce area for bulls.. Shorts ideas above that handle is highly dangerous ..
Agreed
1.32 area will trigger shorts and when it falls somewhat they will start stacking shorts.
Thats when price will take off north and leave them behind with large draw-downs....again.

Please do not be misled into following false prophets.
Use your eyes; look at price. It is telling you what is happening.
in wondering about yourself, you forgot what you came here to be part of
  • #544,678
  • Aug 26, 2020 11:53pm Aug 26, 2020 11:53pm
I think if the market retrace it will be creating buying opportunities

**I'll rather stay out than to sell

_ don't bet on the wrong horse

#_trade safe
BARAK
  • #544,679
  • Aug 26, 2020 11:54pm Aug 26, 2020 11:54pm
Took long 1.3205
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #544,680
  • Aug 26, 2020 11:55pm Aug 26, 2020 11:55pm
Quoting Moty
{image}
The pattern is too tiny to be an H&S formation.
Risk Management is of utmost importance!
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