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Cable Update (GBPUSD)

  • #546,741
  • Sep 7, 2020 4:30pm Sep 7, 2020 4:30pm
Quoting MarketPatrol
{quote} {file}
.. now this is what I call REAl STOP HUNT..
Le$$ I$ More
  • #546,742
  • Sep 7, 2020 4:41pm Sep 7, 2020 4:41pm
Quoting Moty
last weekly low is broken . lower price is just a matter of time {image} {image}
I wouldn't be selling 3160...since back to 3250-3300 is very likely this week.
Everyone can see the chart, but only a few can actually read it.
  • #546,743
  • Sep 7, 2020 4:43pm Sep 7, 2020 4:43pm
Quoting OnlineAddict
{quote} I wouldn't be selling 3160...since back to 3250-3300 is very likely this week.

if I was holding a short it would be opening gap that worries me ?
Attached Image
Trader with an Edge.
  • #546,744
  • Sep 7, 2020 4:48pm Sep 7, 2020 4:48pm
Quoting Headland
{quote} if I was holding a short it would be opening gap that worries me ? {image}
There is no opening gap...different brokers have different opening spreads even different opening times.
Everyone can see the chart, but only a few can actually read it.
  • #546,745
  • Sep 7, 2020 8:15pm Sep 7, 2020 8:15pm
Quoting OnlineAddict
{quote} There is no opening gap...different brokers have different opening spreads even different opening times.
yeh I appreciate that ...hard to tell though as I've seen it on more than one feed with no widening of the spread at open. Anyways, thanks for the response....I was trying to stir up some discussion of it.
Trader with an Edge.
  • #546,746
  • Sep 7, 2020 8:36pm Sep 7, 2020 8:36pm
hows going all ( i mean good evening all ) 14hours workout, labor day DONE!!! but still have a power to do something...
music is on
  • #546,747
  • Sep 7, 2020 8:37pm Sep 7, 2020 8:37pm
Waiting long setup today, below still have room
Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 44 KB
  • #546,748
  • Sep 7, 2020 9:03pm Sep 7, 2020 9:03pm
Sl 1.31635 short now
  • #546,749
  • Sep 7, 2020 9:07pm Sep 7, 2020 9:07pm
long for me TP at 3168
  • #546,750
  • Sep 7, 2020 9:21pm Sep 7, 2020 9:21pm
Wait price touch that red line, that is good time to open long
Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 45 KB
  • #546,751
  • Sep 7, 2020 9:36pm Sep 7, 2020 9:36pm
Quoting SCopier
Wait price touch that red line, that is good time to open long {image}
i agree
  • #546,752
  • Sep 7, 2020 11:24pm Sep 7, 2020 11:24pm
Quoting Moty
FOR 37 PIPS {image} {image}
hit !!!
but i moved my tp to 1.31202.
when you take the trade in with the trend , the odds are in your favor
weekly open is below weekly pivot , target is at least weekly s1
daily open is below daily pivot , target is at least daily s1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu3.png Size: 22 KB
Click to Enlarge Name: gu2.png Size: 35 KB
Click to Enlarge Name: gu1.png Size: 41 KB
Click to Enlarge Name: dx1.png Size: 36 KB
yes yes yes
  • #546,753
  • Sep 8, 2020 12:34am Sep 8, 2020 12:34am
Quoting Moty
{quote} hit !!! but i moved my tp to 1.31202. when you take the trade in with the trend , the odds are in your favor weekly open is below weekly pivot , target is at least weekly s1 daily open is below daily pivot , target is at least daily s1 {image} {image} {image} {image}
The sell power is reducing don’t loose more pips because of a few pips close even if it’s 8pips more to TP
  • #546,754
  • Sep 8, 2020 12:40am Sep 8, 2020 12:40am
Quoting epzero
{quote} The sell power is reducing don’t loose more pips because of a few pips close even if it’s 8pips more to TP
so you think it would be buy from here???
Keep the Lights on then you can catch the rise from the dark.
  • #546,755
  • Sep 8, 2020 12:41am Sep 8, 2020 12:41am
Quoting epzero
{quote} The sell power is reducing don’t loose more pips because of a few pips close even if it’s 8pips more to TP
No my friend.
Yesterday low and last weklow is broken.
Trend line is is broken.
I should move my tp lower .
I will leave it at 1.31219 and wait for lo for another set up for sell
yes yes yes
  • #546,756
  • Sep 8, 2020 12:47am Sep 8, 2020 12:47am
Quoting ricmaj
{quote} so you think it would be buy from here???
No mate , it will try to retrace a little and he will loose out some pips
  • #546,757
  • Edited 1:07am Sep 8, 2020 12:48am | Edited 1:07am
I can see GU heading to around 1.3060 that should be a good support for a first bounce upward, but if breaks/bases below that will take it toward 1.2980s..that's the extreme movement if done.
While upward 1.3210-40 should hold the pair from advancing.

*This is the Daily Analysis, valid to be traded by buying/selling or Tp/SL at said levels, but not to enter at current market price toward there..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #546,758
  • Sep 8, 2020 12:50am Sep 8, 2020 12:50am
Quoting Moty
{quote} No my friend. Yesterday low and last weklow is broken. Trend line is is broken. I should move my tp lower . I will leave it at 1.31219 and wait for lo for another set up for sell
If you say so.
  • #546,759
  • Sep 8, 2020 12:52am Sep 8, 2020 12:52am
Quoting Moty
{quote} No my friend. Yesterday low and last weklow is broken. Trend line is is broken. I should move my tp lower . I will leave it at 1.31219 and wait for lo for another set up for sell
The pair can surge to 1.3250/1.3320 area next, you may consider taking off your short and re entering at a higher level.
Data + Stat + Risk/Emotions Management
  • #546,760
  • Sep 8, 2020 12:54am Sep 8, 2020 12:54am
Feels like March
Patience.....
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