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Cable Update (GBPUSD)

  • #546,561
  • Sep 7, 2020 1:28am Sep 7, 2020 1:28am
Quoting hesron
{image}
Eyeing up 3190 around London time
Emotional Control. Process, not outcome.
  • #546,562
  • Sep 7, 2020 1:35am Sep 7, 2020 1:35am
Downside ratio for the pounds because of brexit so we don't need to buy this market at all.
  • #546,563
  • Sep 7, 2020 1:43am Sep 7, 2020 1:43am
A buy on GBPUSD at the close of this hourly candle should be just fine.

Stop loss ten pips below Friday's low.

All the best guys!
  • #546,564
  • Sep 7, 2020 1:51am Sep 7, 2020 1:51am
Quoting pipcenturion
A buy on GBPUSD at the close of this hourly candle should be just fine. Stop loss ten pips below Friday's low. All the best guys!
Hope you are right, just got out of my short and need a better place to short again!
  • #546,565
  • Sep 7, 2020 1:54am Sep 7, 2020 1:54am
Quoting pipcenturion
A buy on GBPUSD at the close of this hourly candle should be just fine. Stop loss ten pips below Friday's low. All the best guys!
what is this reason for the buy call? market hasn't reached daily ma21 which is about 28 pips from currently market price
  • #546,566
  • Sep 7, 2020 1:58am Sep 7, 2020 1:58am
Quoting Scotteyy
{quote} Hope you are right, just got out of my short and need a better place to short again!
if you must buy wait till a retest of friday low, if it doesn't break then you can buy until then do not try any buy
  • #546,567
  • Sep 7, 2020 1:59am Sep 7, 2020 1:59am
Quoting epzero
{quote} why Moty you would have waited before entrying the buy the market is still falling and you would have been in more profit from the sell
if i stayed it would spiked like friday's close .
it's merfey low .
where are all the bulls from friday close ?
120 pips without stopping .
now , they all gone
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 41 KB
yes yes yes
  • #546,568
  • Sep 7, 2020 2:04am Sep 7, 2020 2:04am
Quoting epzero
{quote} if you must buy wait till a retest of friday low, if it doesn't break then you can buy until then do not try any buy
I won't be buying only selling based on COT data. Would love a test of weekly pivot for a great place for a short.
  • #546,569
  • Sep 7, 2020 2:05am Sep 7, 2020 2:05am
Quoting Moty
{quote} if i stayed it would spiked like friday's close . it's merfey low . where are all the bull from friday close ? 120 pips without stopping . now , they all gone {image}
Brexit news is interfering again. The negotiations between the UK and EU have gone sour and the British negotiators are preparing the public on a no-deal.
  • #546,570
  • Sep 7, 2020 2:17am Sep 7, 2020 2:17am
Quoting Moty
{quote} if i stayed it would spiked like friday's close . it's merfey low . where are all the bulls from friday close ? 120 pips without stopping . now , they all gone {image}
yes ... agreed ... without closing the gap, the descending movement was very incomprehensible at asia session
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 447.jpg Size: 115 KB
The Average Discount Everything
  • #546,571
  • Sep 7, 2020 2:25am Sep 7, 2020 2:25am
Quoting godlike
{quote} Hi, how do you always know/guess correctly if it will open with a gap or not?

on friday at the close if there is a setup forming to go short.....
Usually that means there are already alot of orders in place that do not get filled.
On Monday they all get filled at once.

i think thats what is happening.
in wondering about yourself, you forgot what you came here to be part of
  • #546,572
  • Sep 7, 2020 2:27am Sep 7, 2020 2:27am
Quoting pipcenturion
A buy on GBPUSD at the close of this hourly candle should be just fine. Stop loss ten pips below Friday's low. All the best guys!
Trade going good.

Target 1.3325

All the best everyone!
  • #546,573
  • Sep 7, 2020 2:29am Sep 7, 2020 2:29am
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 30 KB
yes yes yes
  • #546,574
  • Sep 7, 2020 2:29am Sep 7, 2020 2:29am
GU consolidating with downtrend basis as I expected on Friday. Today will stay ranging and more at Newyork session due to holidays..so sideways trading on..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #546,575
  • Sep 7, 2020 2:30am Sep 7, 2020 2:30am
Quoting hesron
{quote} yes ... agreed ... without closing the gap, the descending movement was very incomprehensible at asia session {image}
price might not close the gap today.
it could very well start ranging here.
No Deal uncertainty is in the air.
in wondering about yourself, you forgot what you came here to be part of
  • #546,576
  • Sep 7, 2020 2:32am Sep 7, 2020 2:32am
Quoting epzero
{quote} what is this reason for the buy call? market hasn't reached daily ma21 which is about 28 pips from currently market price
When the cumulative delta volume becomes equal to or greater than the average hourly volume, I enter a trade in the opposite direction.
  • #546,577
  • Sep 7, 2020 2:36am Sep 7, 2020 2:36am
Quoting VM.
Sold G/U at 1.32563, SL and TP open for now. It may well fill the gap, but I don't really care. I feel the risk/return ratio is good here, GBP is unlikely to gain much today, not with all the Brexit news stacked up like this over the weekend. A drop, on the other hand, may be spectacular, even in the Asian session. Will reassess in the morning.
Moved SL to 20 pips profit.
1.32 held strong so far, and bulls may try to mount a counterattack to 1.325. I still expect 1.32 to be broken today.
  • #546,578
  • Sep 7, 2020 2:37am Sep 7, 2020 2:37am
Quoting pipcenturion
{quote} When the cumulative delta volume becomes equal to or greater than the average hourly volume, I enter a trade in the opposite direction.
i will wait till i see a clear direction.
  • #546,579
  • Sep 7, 2020 2:40am Sep 7, 2020 2:40am
Quoting knkie
{quote} price might not close the gap today. it could very well start ranging here. No Deal uncertainty is in the air.
i'll ask bull for some help to close for me..
ha ha
just joking mate
just for a cup of coffee...
  • #546,580
  • Sep 7, 2020 2:42am Sep 7, 2020 2:42am
Quoting akim0895
{quote} i'll ask bull for some help to close for me.. ha ha just joking mate
haha
yeah
normally id agree with you but i think this whole UK-EU negotiation fiasco will keep traders out of this pair for now.

could be wrong though.
in wondering about yourself, you forgot what you came here to be part of
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