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Cable Update (GBPUSD)

  • #546,861
  • Sep 8, 2020 10:13am Sep 8, 2020 10:13am
Quoting MoneyZilla
What a wonderful day for closing some buys... {image}
after the fact it is always good
Make money by doing the opposite of Giveachance aka loser
  • #546,862
  • Sep 8, 2020 10:18am Sep 8, 2020 10:18am
Quoting nessus94
{quote} after the fact it is always good


just trying to irritate some hedging "experts"...
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Maadik Hugiis. IQ 69.
  • #546,863
  • Sep 8, 2020 10:29am Sep 8, 2020 10:29am
might be a new round of selling at 3033
im gonna short it.
tight stop 8 pips.
If it stops out then i think there is a correction upward.
in wondering about yourself, you forgot what you came here to be part of
  • #546,864
  • Edited 11:27am Sep 8, 2020 10:42am | Edited 11:27am
...just back at desk updating charts. Not often you see that - 160pip daily range so far = 135% of 30 day adr and > 100% of the prev day pip range extension - at today's current lo which is @ pot supp = Wkly S2 and fib toward bottom of that prev 4hr/dly sw lo to 3004. I wasn't around for it but great repeating reg bullish div set-ups there to 15min...will go in the 'shoulda woulda coulda' file. Price now trading inbetween that and the 1st pot sbr = the1st HL on daily that price breeched to the downside in the move south. Another prev 4hr/dly sw lo to 2979 below this with 2 x fibs 2981/79. Next fib below them = 2944. Already @ 95% of the 13 week awr so far this week.

Dly chart below shows the next 'major' daily/weekly pot supp or more accurately pot rbs ie the prev sw hi zone that on the dly extends down to circa 2749 from 2813 hi - deeper on wkly. Of course above that is the 'main' asc t/line joining 1411with 2252 sw lo's.
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Trader with an Edge.
  • #546,865
  • Sep 8, 2020 11:04am Sep 8, 2020 11:04am
1st 1hr candle to finish as a buy in 11 hours
  • #546,866
  • Sep 8, 2020 11:18am Sep 8, 2020 11:18am
London selling pounds, New York selling dollars. Show of confidence in their own economies.
  • #546,867
  • Sep 8, 2020 11:29am Sep 8, 2020 11:29am
Quoting VM.
London selling pounds, New York selling dollars. Show of confidence in their own economies.
The price movement has nothing to do with either of both trading sections. After a fall we should see some pull back
  • #546,868
  • Sep 8, 2020 11:29am Sep 8, 2020 11:29am
ok.
i had enough of this up and down and i get to be in my long position and into a loss .
short for 30 pips
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yes yes yes
  • #546,869
  • Sep 8, 2020 11:49am Sep 8, 2020 11:49am
Quoting epzero
{quote} The price movement has nothing to do with either of both trading sections. After a fall we should see some pull back
Disagree here. Pound went down on Brexit. It went up together with euro, gold and US stocks => because of USD.
Bounce off 1.3 was expected, that I agree with.
  • #546,870
  • Sep 8, 2020 11:54am Sep 8, 2020 11:54am
Quoting tito5615104
170-180 point target of head and shoulders {image}
Was perfect for me
good luck
  • #546,871
  • Sep 8, 2020 12:03pm Sep 8, 2020 12:03pm
Quoting Moty
ok. i had enough of this up and down and i get to be in my long position and into a loss . short for 30 pips {image}
patience is all you needed Moty , selling at a point like this is risky because the close of the last 4hrs Shows a buy is about to start
  • #546,872
  • Sep 8, 2020 12:18pm Sep 8, 2020 12:18pm
looks scary, could be tomorrow another 120pips down or more?
  • #546,873
  • Sep 8, 2020 12:18pm Sep 8, 2020 12:18pm
Quoting epzero
{quote} patience is all you needed Moty , selling at a point like this is risky because the close of the last 4hrs Shows a buy is about to start
i dont see the buy..
i wont sell it either, but 1.305 holding strongly for hours.. if 1.3 let go.. 1.28-1.282
  • #546,874
  • Sep 8, 2020 12:21pm Sep 8, 2020 12:21pm
my signature says :

"don't try to tell the market where to go , let him tell you"

well , the market tell me that he is going down , so why do i took long trade earlier?
i made a little profit with the short position in the morning and lost it to that bad trade .
now need to regroup
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update :

this is what happand when you listen , almost too easy
30 pips collected
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yes yes yes
  • #546,875
  • Sep 8, 2020 12:26pm Sep 8, 2020 12:26pm
Quoting gatenio
{quote} i dont see the buy.. i wont sell it either, but 1.305 holding strongly for hours.. if 1.3 let go.. 1.28-1.282
your right 1.305 is now like a rock
  • #546,876
  • Sep 8, 2020 12:26pm Sep 8, 2020 12:26pm
Quoting goldencalf
looks scary, could be tomorrow another 120pips down or more?
i hope more than that
  • #546,877
  • Sep 8, 2020 12:28pm Sep 8, 2020 12:28pm
Quoting epzero
{quote} your right 1.305 is now like a rock
if i look at weekly.. omg i see 1.247
i dont know, bears is here.. idk for how long.
the main problem when bulls strike, they faster
  • #546,878
  • Sep 8, 2020 12:30pm Sep 8, 2020 12:30pm
Quoting gatenio
{quote} if i look at weekly.. omg i see 1.247 i dont know, bears is here.. idk for how long. the main problem when bulls strike, they faster
hahaha market can't fall to 1.247 just like that
  • #546,879
  • Sep 8, 2020 12:37pm Sep 8, 2020 12:37pm
Quoting epzero
{quote} your right 1.305 is now like a rock
need to wait for price to exit the 1.29800-1.30529 zone
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yes yes yes
  • #546,880
  • Sep 8, 2020 12:46pm Sep 8, 2020 12:46pm
how should i think about this broken channel? before it moved gbpusd for 200 pips, could be same, or are different rules? and also price action on the left was quite crazy lthat week
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