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Cable Update (GBPUSD)

  • #546,461
  • Sep 4, 2020 1:30pm Sep 4, 2020 1:30pm
Quoting seincard
spike and divergence on EurGbp Also GU H1 closed above 1.320xx ... be careful Dear sellers ...
Usually No brakes in the last hours of Friday
So possible hit 1.3300

...
Lets see
  • #546,462
  • Sep 4, 2020 1:46pm Sep 4, 2020 1:46pm
This was a nice one, the dollar is a real disappointment!!
BARAK
  • #546,463
  • Sep 4, 2020 1:49pm Sep 4, 2020 1:49pm
that's a big rally. Monday will be very bullish
be patient
  • #546,464
  • Sep 4, 2020 1:51pm Sep 4, 2020 1:51pm
What PA is currently doing to us
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  • #546,465
  • Sep 4, 2020 2:06pm Sep 4, 2020 2:06pm
Quoting seincard
{quote} Usually No brakes in the last hours of Friday So possible hit 1.3300 ... Lets see
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  • #546,466
  • Sep 4, 2020 2:08pm Sep 4, 2020 2:08pm
Quoting Georginson
{quote} The anticipated 1.3220 level is now upon us, now allow for some retracement back to 1.327 area before fresh selling to destination of 1.3010. Trade with caution.
The anticipated retracement to 1.3270 has now happened. Now allow for some more down pressure from 1.3290/1.3300 to attack 1.3120 early next week.

It has been a great bear ride

Trade with caution.
Data + Stat + Risk/Emotions Management
  • #546,467
  • Sep 4, 2020 2:30pm Sep 4, 2020 2:30pm
Black....
BF
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AF
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Cheers
Le$$ I$ More
  • #546,468
  • Sep 4, 2020 2:43pm Sep 4, 2020 2:43pm
Quoting Mr.Tea
{quote} In near future it will be second .com the Problem is to determine the right Time for it. Option Market was the last 14 days to optimistic on longs, USD has the most net shorts, so we need a bit patience and be there if Sentiment will change. Happy Weekend Edit: the funny fact is that Mr.Trump postet on Twitter the Top of NASDAQ looks like he is still a contra indicator xD
i would never listen to trumps advice, he knows the game! but yeah i still think long dollar, even if its stupid lol. just too much consolidation. id like to wait til christmas now to sell some more USD (or a break above). in general 1.33 is my barrier level though. 100 pip stop runs are not my cup of tea, where's my efficient market guys??? EG downtrend. it really wants to go back to .9 before .85 but i think its just gonna start tanking... its messing up my analysis. dxy 93 rejection again, id probably frenzy sell next week if i were a dollar bear. also, if you want out of NASDAQ now, what do you think you're gonna need? lots of greenbacks baby. i think this is a domestic issue though now, if you were international investor the melt up was to trap you with a falling dollar in march. could happen again. 50-80% index runups??? but how far will fed go? and what metrics can be trusted to measure inflation? idk, GDP ratio is baddddddddd. 10% dollar loss 60% return 50 net? 40 net? 30... and if you arent leveraged, on time, or at the right prices.. break even or losing money, or worse, holding the bag (middle America, fuck Elon, if batteries will always be a problem, ill buy 5 Porsches instead). i saw some news about China again, only thing it tells me..... indexes up, dollar up, gold down (or up anyways ) have a good weekend!
  • #546,469
  • Sep 4, 2020 3:03pm Sep 4, 2020 3:03pm
Quoting HaLBot
I'm done for the week, have had a steller two weeks so now gonna sit back with hands behind my head and Gloat.... Closed 3 losing trades I wasn't gonna stress about over the weekend so can have a fresh start Monday This is the best trading I've done in years
Nice one buddy
Don't trade what you think. Just what you see!!!
  • #546,470
  • Sep 4, 2020 3:31pm Sep 4, 2020 3:31pm
So this is another friday

About +70 pips total

good luck guys & C U monday
  • #546,471
  • Sep 4, 2020 3:46pm Sep 4, 2020 3:46pm
I'm with the 1.28 before 1.35 crowd. Although I do hope it goes a bit higher Monday so I can get a better short in!
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  • #546,472
  • Edited 4:12pm Sep 4, 2020 3:57pm | Edited 4:12pm
Quoting Wavegarrick
{quote} Hi Guys, Daily candle closure below 1.32470 and more so now a weekly candle close below for bearish continuation. Nfp was always going to be manipulative and 1.3200 was always going to be strong support. We shall see. Trade safe and have a great weekend. Cheers. {image}
Hi Wavegarrick, great trading as always. I found it interesting that you were buying against your trend following system. I assume it was because of the weekly R you mentioned before and 1.32 round number. I did a similar trade but with different reasons (posted in my thread as always). It's interesting we reached the same conclusion.

Have a nice weekend!
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  • #546,473
  • Sep 4, 2020 4:22pm Sep 4, 2020 4:22pm
Quoting shahab8b
GBPUSD, weekly chart. The bias remains bullish; however, I don't think it is going to be a smooth sailing from here to 1.35. But there is no telling where it might turn and the box is 200 pips wide so it's better to trade it day by day. for now bullish with solid S @ 1.3150. {image}
The post from the last weekend about that box, and the weekly close.

It was close but no cigar. I guess we should wait a little bit longer to see 1.35.

Have a nice weekend all.
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  • #546,474
  • Sep 4, 2020 4:57pm Sep 4, 2020 4:57pm
For me it was a week of opportunities not taken.

More time on the simulator.

Enjoy your weekend!
I have no clue where it's going
  • #546,475
  • Sep 4, 2020 5:05pm Sep 4, 2020 5:05pm
USD consolidating.
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Compulsions can be hard to resist
  • #546,476
  • Sep 4, 2020 5:15pm Sep 4, 2020 5:15pm
Looking at the power of the monthly, I don't think that lower Trend line will last too long
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Compulsions can be hard to resist
  • #546,477
  • Sep 4, 2020 5:29pm Sep 4, 2020 5:29pm
Quoting trumps
Looking at the power of the monthly, I don't think that lower Trend line will last too long {image}
Might easily bounce up...for 500 pips even.
Everyone can see the chart, but only a few can actually read it.
  • #546,478
  • Sep 4, 2020 6:07pm Sep 4, 2020 6:07pm
Quoting OnlineAddict
{quote} Might easily bounce up...for 500 pips even.
I see about 190-200 pips more bearish retrace for GU from today's close

But trade what you see mate
Compulsions can be hard to resist
  • #546,479
  • Sep 4, 2020 6:49pm Sep 4, 2020 6:49pm
Quoting trumps
{quote} I see about 190-200 pips more bearish retrace for GU from today's close But trade what you see mate
EU and GU are not the same...that dollar chart applies to EU only...GU is doing its own thing always, anyway...it can move few hundred pips without EU or the USDx chart moving.
Everyone can see the chart, but only a few can actually read it.
  • #546,480
  • Sep 4, 2020 7:09pm Sep 4, 2020 7:09pm
Quoting OnlineAddict
{quote} EU and GU are not the same...that dollar chart applies to EU only...GU is doing its own thing always, anyway...it can move few hundred pips without EU or the USDx chart moving.
Why does it apply to EU only?
Compulsions can be hard to resist
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