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Cable Update (GBPUSD)

  • #545,601
  • Sep 1, 2020 6:20am Sep 1, 2020 6:20am
Quoting JayBag
{quote} Youve been trolling for a while now.. Keep doing it and I’ll have you go chill out for a bit.. Post ideas and refrain from trolling
Loool..Why u rush ur nose in things non of ur business?!
One like u is a TROLL.

My last concern posting or not on ff!!
Actually doing u & others a favor by sharing my valuable analysis.

End of point.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #545,602
  • Sep 1, 2020 6:22am Sep 1, 2020 6:22am
...back at desk updating supp/res charts.....76.4% extension of yesterday's pip range exceeded now - won't bore you with the stats % chance on that occurrence,...and y/day even though U.K bank hol was still a 94 pip range. 3515 prev dly/wkly/mthly actual sw hi moves in to view as does mthly desc t/line that joins 2.1162 with 1.7188. Mthly R1 @/around 3513. Well into that zone now. 110% of 30 day adr at the hi.
Trader with an Edge.
  • #545,603
  • Sep 1, 2020 6:22am Sep 1, 2020 6:22am
Quoting ChiForex
{quote} Loool..Why u rush ur nose in things non of ur business?! One like u is a TROLL. My last concern posting or not on ff!! Actually doing u & others a favor by sharing my valuable analysis. End of point.
Hey, you distracting me with your trolling.. Please share more valuable stuff and I’ll have no issues with you bro..

Thanks
  • #545,604
  • Sep 1, 2020 6:25am Sep 1, 2020 6:25am
Hello guys,

I think the fundamental outlook for GBPUSD is good for today.

But what will happen when the ISM Manufacturing PMI news is released?

How will it affect the USD or GBPUSD pair?

The news for GBP today are all low impact news while one (ISM Manufacturing PMI) is a high impact news for USD.

Please share your views.

Thanks.

  • #545,605
  • Sep 1, 2020 6:29am Sep 1, 2020 6:29am
Quoting Olabanji-Tex
Hello guys, I think the fundamental outlook for GBPUSD is good for today. But what will happen when the ISM Manufacturing PMI news is released? How will it affect the USD or GBPUSD pair? The news for GBP today are all low impact news while one (ISM Manufacturing PMI) is a high impact news for USD. Please share your views. Thanks.
News is dead meat. When released it shake up the market for a while and continue its objective for the day. See what happened last week Thursday.
Le$$ I$ More
  • #545,606
  • Sep 1, 2020 6:40am Sep 1, 2020 6:40am
Quoting Roszey
{quote} News is dead meat. When released it shake up the market for a while and continue its objective for the day. See what happened last week Thursday.
Exactly my point.. it means nothing to me.. I wonder why people still disturb themselves about it.. Only thing i pay attention to is election impacts or similar ..
  • #545,607
  • Sep 1, 2020 6:44am Sep 1, 2020 6:44am
I took a short at 1.3472, stop 110 pips, tf open.

Reasoning: we have probably reached a resistance / take-profit zone, still think 1.35 will be hit, but don't want to miss a drop when it comes. The drop may be a modest one (40-50 pips) or a much bigger impulse. Stop is based on my risk tolerance; it is wide enough not to be hit today and allow me to reassess if things do not go according to plan.
  • #545,608
  • Sep 1, 2020 7:06am Sep 1, 2020 7:06am
Quoting VM.
I took a short at 1.3472, stop 110 pips, tf open. Reasoning: we have probably reached a resistance / take-profit zone, still think 1.35 will be hit, but don't want to miss a drop when it comes. The drop may be a modest one (40-50 pips) or a much bigger impulse. Stop is based on my risk tolerance; it is wide enough not to be hit today and allow me to reassess if things do not go according to plan.
I think Usdix can do a bit more low
But i agree the down or correction move in (D) is close, but its the market we can't predict that in a pandemic..my point of view
  • #545,609
  • Sep 1, 2020 7:21am Sep 1, 2020 7:21am
Attached Image (click to enlarge)
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yes yes yes
  • #545,610
  • Edited 7:42am Sep 1, 2020 7:26am | Edited 7:42am
Quoting Roszey
{quote} News is dead meat. When released it shake up the market for a while and continue its objective for the day. See what happened last week Thursday.
I agree, but would add that this goes for the expected news (probably 90% of the news releases): smart money guys know what is coming beforehand and position themselves accordingly. Unexpected news (or ones where outcome was not certain, e.g. elections) can move the market.

Also, particularly for GU, some reaction to news is sort of postponed. For instance, we saw some negative UK news over the weekend (Brexit no deal, higher taxes), but GU pairs hardly reflected them. But it does not mean that markets did not notice; they would just first reach their technical targets, and _then_ reflect the news.
  • #545,611
  • Sep 1, 2020 7:26am Sep 1, 2020 7:26am
Attached Image (click to enlarge)
Click to Enlarge Name: 01-09-20.jpg Size: 96 KB
I think its gonna take that High and trade above 1.36200s
  • #545,612
  • Sep 1, 2020 7:32am Sep 1, 2020 7:32am
Guys..sell sell sell GU..DO NOT listen to those hallucinating about 1.37 & BS!!
GU on long term high price level near Psychological 1.35 level.
Risk to Reward is PERFECT to sell.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #545,613
  • Sep 1, 2020 7:33am Sep 1, 2020 7:33am
Moty should we short or long now? Only you are the one who has my trust here, please guide us in these dreadfull times.
  • #545,614
  • Sep 1, 2020 7:42am Sep 1, 2020 7:42am
Quoting ChiForex
Guys..sell sell sell GU..DO NOT listen to those hallucinating about 1.37 & BS!! GU on long term high price level near Psychological 1.35 level. Risk to Reward is PERFECT to sell.

I want to sell! Yes!

For how many pips? Where to place the SL?
Maadik Hugiis. IQ 69.
  • #545,615
  • Sep 1, 2020 7:43am Sep 1, 2020 7:43am
3450 to 3500/3520/50 today.

3450 low for NY session.

IMO
Intraday only.
  • #545,616
  • Sep 1, 2020 7:49am Sep 1, 2020 7:49am
Quoting navk
3450 to 3500/3520/50 today. 3450 low for NY session. IMO
How do you come up with these numbers and how come it’s always correct
  • #545,617
  • Sep 1, 2020 7:50am Sep 1, 2020 7:50am
Quoting epzero
{quote} How do you come up with these numbers and how come it’s always correct
SWING LOW..I see in 1 and 5 min chart when trend is bullish in 30 min or hourly
Intraday only.
  • #545,618
  • Sep 1, 2020 7:51am Sep 1, 2020 7:51am
... it would be remiss not to at least look at what is above this prev sw hi to 3514, (even though there are some for whom this will be irrelevant - for they alone can see into the future ! They know what will happen and what should damm well happen !) I am not one of those and have to rely purely on analysis. 3618-3712 are the last 5 x fibs of the major swings down from and including Dec'07's 2.1160 hi to this years current 1.1411 lo, until above 4100. The monthly desc t/line joining said 2.1160 with 7188 sw hi comes through on this week's candle @/around 3545-55 and is confluential with a weekly asc channel top. Above here and 2 prev sw lo's (= prev supp = pot sbr) on at least the weekly t/f exist as shown by the dark green then dark blue areas above the 3514 prev sw hi on the weekly chart below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #545,619
  • Sep 1, 2020 7:56am Sep 1, 2020 7:56am
Quoting MoneyZilla
{quote} I want to sell! Yes! For how many pips? Where to place the SL?
The famous 1.28 implies, SL 1.41

Now the Genius of the polls come on run it ask which of both TP or SL will be hit first
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #545,620
  • Sep 1, 2020 7:58am Sep 1, 2020 7:58am
I smell, this hurry up, has something to do with the Friday's NFP news release? Why I think the news traders will get highly disappointed on Friday?
Maadik Hugiis. IQ 69.
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