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Cable Update (GBPUSD)

  • #545,801
  • Sep 2, 2020 5:44am Sep 2, 2020 5:44am
1,32 is the expected area to retrace
i will wait down here first, then either 1,28xx or 1,35xx from here
Make money by doing the opposite of Giveachance aka loser
  • #545,802
  • Sep 2, 2020 5:45am Sep 2, 2020 5:45am
Quoting Wavegarrick
{quote} Hi Guys, It sucks, I know. I was forced to take 500 pips in profit off the table. Price fell below 1.3400 and just was not able to recover. Unless we have a strong push and hold above 1.34000 I have to go with the flow and enter sell trades. My system is also telling me that we could be in for a cyclic correction. I am looking towards my weekly pivot at 1.32554. Sell trade opened with a 25 pip stop. Trade safe, Cheers {image} {image}
game over for bulls my friend
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 18 KB
yes yes yes
  • #545,803
  • Sep 2, 2020 5:47am Sep 2, 2020 5:47am
day & H4 conflicting but H4 & M30 are agreeing
One would think a short setup should work out here.
in wondering about yourself, you forgot what you came here to be part of
  • #545,804
  • Sep 2, 2020 5:53am Sep 2, 2020 5:53am
Quoting Moty
{quote} game over for bulls my friend {image}
leave bull side for me mate..
ha ha..
just for a cup of coffee...
  • #545,805
  • Sep 2, 2020 5:55am Sep 2, 2020 5:55am
Quoting Moty
{quote} game over for bulls my friend {image}

Too early to say that. Im short since 1.3340 (friday price) with stop at 1.35, but we need 2/3 days of aggressive selling and the break of 1.30, at the moment its a normal correction, but i give some importance to the overstratched movement since july, the monthly resistance and the rsi of usd index its in bullish divergence on daily timeframe and is the same with gbp.usd (bearish divergence).

Maybe the table is set, but we have to wait for more confirmations
Twitter: Rummer_grapes
  • #545,806
  • Sep 2, 2020 5:56am Sep 2, 2020 5:56am
Quoting akim0895
{quote} leave bull side for me mate.. ha ha..
im not pulling a short trigger yet either.
Something is not right about this.
in wondering about yourself, you forgot what you came here to be part of
  • #545,807
  • Sep 2, 2020 5:59am Sep 2, 2020 5:59am
Quoting knkie
{quote} im not pulling a short trigger yet either. Something is not right about this.
yes i agree i think price may have to close above 1.33500 to be more bear than bull..even then im suspicious about the bear
  • #545,808
  • Sep 2, 2020 6:04am Sep 2, 2020 6:04am
Quoting HBN08
{quote} yes i agree i think price may have to close above 1.33500 to be more bear than bull..even then im suspicious about the bear
too much confusion
im not trading this until its clear
in wondering about yourself, you forgot what you came here to be part of
  • #545,809
  • Sep 2, 2020 6:04am Sep 2, 2020 6:04am
Quoting knkie
{quote} im not pulling a short trigger yet either. Something is not right about this.
yeah mate..
but i'm still at bull side..
from weekly i saw some sign there show price could play for 1.28 but not yet i think..
i might be wrong too..
️
just for a cup of coffee...
  • #545,810
  • Sep 2, 2020 6:07am Sep 2, 2020 6:07am
Quoting akim0895
{quote} yeah mate.. but i'm still at bull side.. from weekly i saw some sign there show price could play for 1.28 but not yet i think.. i might be wrong too.. ️
i agree with you but that would mean H4 has to make a move up with a pullback on a lower frame for entry.
SO a buy would take a while to setup for me.
in wondering about yourself, you forgot what you came here to be part of
  • #545,811
  • Sep 2, 2020 6:08am Sep 2, 2020 6:08am
Quoting knkie
{quote} im not pulling a short trigger yet either. Something is not right about this.
Could be that GBP is being bought across the board so isn't being affected like Euro, GBP index is up over last hour and that blood sucking freak Eur/Gbp isn't having any effect on it.....LOL
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2020-09-02 GBP 133 91 +0 18% Unnamed.png Size: 43 KB
Don't Leave Money on the Table
  • #545,812
  • Sep 2, 2020 6:16am Sep 2, 2020 6:16am
Quoting HaLBot
{quote} Could be that GBP is being bought across the board so isn't being affected like Euro, GBP index is up over last hour and that blood sucking freak Eur/Gbp isn't having any effect on it.....LOL {image}
Last 30 days pound has been the strongest currency and the most bought. Probably was undervalued because when i look at fundamentals i dont see the reason. Is true that they are reacting to the crisis pretty well but a no deal brexit looks much closer and unemployment is gonna to increase dramatically in october since the furlough scheme ends. There are as well negative interest rate that the Bank of England is still taking in consideration.
Twitter: Rummer_grapes
  • #545,813
  • Sep 2, 2020 6:17am Sep 2, 2020 6:17am
Good day all)
Like your wife says, hold the fucking position until I tell you I'm done.
  • #545,814
  • Sep 2, 2020 6:20am Sep 2, 2020 6:20am
Quoting Bacco
{quote} Last 30 days pound has been the strongest currency and the most bought. Probably was undervalued because when i look at fundamentals i dont see the reason. Is true that they are reacting to the crisis pretty well but a no deal brexit looks much closer and unemployment is gonna to increase dramatically in october since the furlough scheme ends. There are as well negative interest rate that the Bank of England is still taking in consideration.
Don't Leave Money on the Table
  • #545,815
  • Sep 2, 2020 6:23am Sep 2, 2020 6:23am
Quoting HaLBot
{quote} Could be that GBP is being bought across the board so isn't being affected like Euro, GBP index is up over last hour and that blood sucking freak Eur/Gbp isn't having any effect on it.....LOL {image}
Now it's turning, always happens after you post LOL
Made some good pips there so aint complainin
Don't Leave Money on the Table
  • #545,816
  • Edited 6:41am Sep 2, 2020 6:30am | Edited 6:41am
Hello again...didn't miss much whilst I was away....price reached that prev 1hr/minor 4hr sw lo zone = prev supp = pot rbs where 10min/15min hidden bearish div formed and price has dropped away from it. 1hr pic is below. Just gonna do another hour or so.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 50 KB
Trader with an Edge.
  • #545,817
  • Sep 2, 2020 6:30am Sep 2, 2020 6:30am
Shorted GU with a small position, target the top of previous consolidation.
It has broke below rising channel, and looks like a strong reject from 1.35 figure.
Would prefer to short it if it ever goes up a bit to 1.34, hence now a small position now just to test water.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB
  • #545,818
  • Sep 2, 2020 6:38am Sep 2, 2020 6:38am
Quoting knkie
{quote} i agree with you but that would mean H4 has to make a move up with a pullback on a lower frame for entry. SO a buy would take a while to setup for me.
Hi knkie,
Bull may come 1.3265 - 1.3297. Would you agree? Or better, what do you think?
  • #545,819
  • Sep 2, 2020 6:39am Sep 2, 2020 6:39am
Quoting Moty
for 30 pips {image} {image}
that was fun
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 43 KB
yes yes yes
  • #545,820
  • Sep 2, 2020 6:43am Sep 2, 2020 6:43am
Once again supported by the hourly 100ma, so if it can get below expect 3300 to 3270
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2020-09-02 GBPUSD 1 3339 0 35% Unnamed.png Size: 55 KB
Don't Leave Money on the Table
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