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Cable Update (GBPUSD)

  • #545,721
  • Sep 2, 2020 1:30am Sep 2, 2020 1:30am
Quoting trumps
{quote} Relax man, it's still bullish. We'll probably crack a new high tomorrow
Gbp might come back one day but the path gonna be loooong rough tough & bumpy
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #545,722
  • Sep 2, 2020 1:32am Sep 2, 2020 1:32am
Hello everyone. OK lets have a look... liking this drop at the moment, some buying maybe on the cards soon
Emotional Control. Process, not outcome.
  • #545,723
  • Sep 2, 2020 1:34am Sep 2, 2020 1:34am
Attached Image (click to enlarge)
Click to Enlarge Name: short.png Size: 232 KB

sold, targeting the 200 EMA on the 1hr. I still hope for the ride up to 1.35. Had two successful longs recently. One last week and one this week. Then two mistake longs against my own rules yesterday (three actually, but the last one I came out break even). Shorting today, as it only seems to make sense for now. If it does fall it will cover the last two losses and a bit more in preparation for the ride up again.
I have no clue where it's going
  • #545,724
  • Sep 2, 2020 1:39am Sep 2, 2020 1:39am
...plenty of fibs on the way down...this time 38.2% 3160-3482 at the current lo in that prev 1hr/4hr sw hi then lo zone.
Trader with an Edge.
  • #545,725
  • Sep 2, 2020 1:43am Sep 2, 2020 1:43am
Have you ever noticed how it often doesn't reach the obvious target, stops short very near, retraces, and then hits through it with force? Is it just me? If it wants to respect a level it will bounce clean off, but when it's broken, it first goes up (or down) to it, and then "gathers momentum" to break it.

Does it makes any sense to you?
I have no clue where it's going
  • #545,726
  • Sep 2, 2020 1:45am Sep 2, 2020 1:45am
mmm try a little buy here
Emotional Control. Process, not outcome.
  • #545,727
  • Sep 2, 2020 1:49am Sep 2, 2020 1:49am
I am thinking of opening a new business... Taking bets on the famous JayBag-Georginson fight. Probably would have found a lot of customers with 1/100 line on JayBag yesterday.
  • #545,728
  • Sep 2, 2020 1:50am Sep 2, 2020 1:50am
I think today is gonna be bullish. Looking for a good price to buy
  • #545,729
  • Sep 2, 2020 1:50am Sep 2, 2020 1:50am
Quoting Konichiwhaat
mmm try a little buy here
risky play mate
  • #545,730
  • Sep 2, 2020 1:52am Sep 2, 2020 1:52am
Quoting epzero
{quote} risky play mate
Yes, you said that yesterday too, but it worked out well. We have to do what we have to do
Emotional Control. Process, not outcome.
  • #545,731
  • Sep 2, 2020 1:52am Sep 2, 2020 1:52am
Which of these support levels will buying begin from today?

(A) 1.3352

(B) 1.3319
  • #545,732
  • Sep 2, 2020 1:54am Sep 2, 2020 1:54am
buy here @ 1.3367
  • #545,733
  • Sep 2, 2020 1:55am Sep 2, 2020 1:55am
Quoting pipcenturion
Which of these support levels will buying begin from today? (A) 1.3352 (B) 1.3319
Buying already began
  • #545,734
  • Sep 2, 2020 1:56am Sep 2, 2020 1:56am
Quoting pipcenturion
Which of these support levels will buying begin from today? (A) 1.3352 (B) 1.3319
none
  • #545,735
  • Sep 2, 2020 1:58am Sep 2, 2020 1:58am
Quoting skks.91
hi all. been lurking around. like the GBPUSD pair. This area we are in now has been tested 3 times base on weekly. I feel this area is getting very weak and it will break. Will see 1.348 - 1.351 before some bull rest , to proceed to 1.36. just my thoughts... thank you


The bull has rest enough . we are going to 1.36 this week. just my opinion ....
  • #545,736
  • Sep 2, 2020 2:00am Sep 2, 2020 2:00am
... 4hr pic below...it is a prev sw hi then price pulled back to it y/day and found support creating the prev sw lo....and now again has found some demand there...nice reg bullish div plays on the lower t/f's there...1st ppa (pot problem area) being encountered now.

update: couldn't get past the 1st ppa - those asian sess lo's acting as sbr...2min hidden bear div the signal - now fallen deeper into that prev 4hr sw hi zone...next downside fib at 3343.
Attached Image
Trader with an Edge.
  • #545,737
  • Sep 2, 2020 2:16am Sep 2, 2020 2:16am
Quoting Konichiwhaat
{quote} Yes, you said that yesterday too, but it worked out well. We have to do what we have to do
today will be that day , all thru Asia did you see any buy steam ?
  • #545,738
  • Sep 2, 2020 2:17am Sep 2, 2020 2:17am
it may get to 1.3330 before it turns... if so, I will be out
Emotional Control. Process, not outcome.
  • #545,739
  • Sep 2, 2020 2:18am Sep 2, 2020 2:18am
Quoting epzero
{quote} today will be that day , all thru Asia did you see any buy steam ?
Sorry, I don't look at the computer now before London open
Emotional Control. Process, not outcome.
  • #545,740
  • Sep 2, 2020 2:19am Sep 2, 2020 2:19am
Quoting Konichiwhaat
it may get to 1.3330 before it turns... if so, I will be out
i made some good 30pips on the short and wait till it breaks 4hrs ema 21 after which i short again
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