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Cable Update (GBPUSD)

  • #545,721
  • Sep 1, 2020 11:30pm Sep 1, 2020 11:30pm
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
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #545,722
  • Sep 1, 2020 11:32pm Sep 1, 2020 11:32pm
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 1, 2020 11:34pm Sep 1, 2020 11:34pm
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 1, 2020 11:39pm Sep 1, 2020 11:39pm
...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 1, 2020 11:43pm Sep 1, 2020 11:43pm
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 1, 2020 11:45pm Sep 1, 2020 11:45pm
mmm try a little buy here
Emotional Control. Process, not outcome.
  • #545,727
  • Sep 1, 2020 11:49pm Sep 1, 2020 11:49pm
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 1, 2020 11:50pm Sep 1, 2020 11:50pm
I think today is gonna be bullish. Looking for a good price to buy
  • #545,729
  • Sep 1, 2020 11:50pm Sep 1, 2020 11:50pm
Quoting Konichiwhaat
mmm try a little buy here
risky play mate
  • #545,730
  • Sep 1, 2020 11:52pm Sep 1, 2020 11:52pm
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 1, 2020 11:52pm Sep 1, 2020 11:52pm
Which of these support levels will buying begin from today?

(A) 1.3352

(B) 1.3319
  • #545,732
  • Sep 1, 2020 11:54pm Sep 1, 2020 11:54pm
buy here @ 1.3367
  • #545,733
  • Sep 1, 2020 11:55pm Sep 1, 2020 11:55pm
Quoting pipcenturion
Which of these support levels will buying begin from today? (A) 1.3352 (B) 1.3319
Buying already began
  • #545,734
  • Sep 1, 2020 11:56pm Sep 1, 2020 11:56pm
Quoting pipcenturion
Which of these support levels will buying begin from today? (A) 1.3352 (B) 1.3319
none
  • #545,735
  • Sep 1, 2020 11:58pm Sep 1, 2020 11:58pm
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 12:00am Sep 2, 2020 12:00am
... 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 12:16am Sep 2, 2020 12:16am
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 12:17am Sep 2, 2020 12:17am
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 12:18am Sep 2, 2020 12:18am
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 12:19am Sep 2, 2020 12:19am
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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