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Cable Update (GBPUSD)

  • #547,081
  • Sep 9, 2020 6:52am Sep 9, 2020 6:52am
lol zero ( good job, you did it i mean number ) i will add another dollars for long at now

7 in the morning dude, be nice to them
  • #547,082
  • Sep 9, 2020 6:53am Sep 9, 2020 6:53am
I am thinking about placing my sell target at 1.282.
Market gods want fun to continue, there may be a big reversal from that area all the way to 1.348 again.
  • #547,083
  • Sep 9, 2020 6:55am Sep 9, 2020 6:55am
ya might that happen 2 you VM. good luck
  • #547,084
  • Sep 9, 2020 6:57am Sep 9, 2020 6:57am
Quoting VM.
I am thinking about placing my sell target at 1.282. Market gods want fun to continue, there may be a big reversal from that area all the way to 1.348 again.
below 1,2670 first
Make money by doing the opposite of Giveachance aka loser
  • #547,085
  • Sep 9, 2020 6:58am Sep 9, 2020 6:58am
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yes yes yes
  • #547,086
  • Sep 9, 2020 7:04am Sep 9, 2020 7:04am
can the bears gather here for a quick selfie
  • #547,087
  • Sep 9, 2020 7:09am Sep 9, 2020 7:09am
Placed a sell at 1.294, initial stop 20 pips, now at BE.
TP open, I plan to hold on to this one. If SL is hit, will look for a place to sell higher.
  • #547,088
  • Sep 9, 2020 7:12am Sep 9, 2020 7:12am
Hello. Another run down - always the greater probability after y/day's daily bearish thrust candle close. Price has travelled 85% of 30 day adr so far today, 142% of 13week awr so far this week, and 100% of the 3mth amr so far this month.

Under current lo that asc t/line joining 1411 with 2252 comes thru on today's daily candle circa 2850 with 2854 dly S2. We are not so far away from that prev dly/wkly swing hi (=prev res = pot sbr) that begins @ 2813, 2867/62 next 2 x downside fibs. 2850-37 is a prev 4hr sw lo with 2837 being Wkly S3 ! then 2832 being Mthly S2.

@ the current lo a minor 4hr prev sw hi = prev res = pot sbr from 28th July amd 50% fib ext of y/day's pip range.
Trader with an Edge.
  • #547,089
  • Sep 9, 2020 7:13am Sep 9, 2020 7:13am
Quoting Georginson
{quote} 1.2886 low... Game over
congrats on winning your bet
  • #547,090
  • Sep 9, 2020 7:20am Sep 9, 2020 7:20am
Quoting epzero
{quote} congrats on winning your bet
Thanks mate...
Data + Stat + Risk/Emotions Management
  • #547,091
  • Sep 9, 2020 7:23am Sep 9, 2020 7:23am
Quoting Georginson
{quote} 1.2886 low... Game over
Congrats George. Well... I win too...

1.2886 may be it for the drop. It could go lower or retest down to 1.2860 or so, but this is the 50% Fib retracement of the entire move higher, so it may be the low for a long time to come, maybe years... I will begin building longs for 1.35 and beyond.
Observation is the path to discovery.
  • #547,092
  • Sep 9, 2020 7:27am Sep 9, 2020 7:27am
... no doubt that the general PA uptrend on daily is somewhat damaged by what will be a fractal L (when it forms) now below the last 3 x HL's on that t/f. 20/50/100 ema's are though all still crossed up. Weekly general PA uptrend remains intact and so far undamaged.
Trader with an Edge.
  • #547,093
  • Sep 9, 2020 7:28am Sep 9, 2020 7:28am
sl 1.28441 long
  • #547,094
  • Sep 9, 2020 7:29am Sep 9, 2020 7:29am
so GBP index corrected all the way to 61.8% fibo

so is it game over and time for new rally ?
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  • #547,095
  • Sep 9, 2020 7:34am Sep 9, 2020 7:34am
where do you want to go?? up or down
  • #547,096
  • Sep 9, 2020 7:35am Sep 9, 2020 7:35am
Quoting epzero
can the bears gather here for a quick selfie
We are all here
Data + Stat + Risk/Emotions Management
  • #547,097
  • Sep 9, 2020 7:37am Sep 9, 2020 7:37am
Quoting msniper
so GBP index corrected all the way to 61.8% fibo so is it game over and time for new rally ? {image}
That is good to know. Where do you get the GBP Index chart?
Observation is the path to discovery.
  • #547,098
  • Sep 9, 2020 7:39am Sep 9, 2020 7:39am
Quoting Alorente
{quote} Congrats George. Well... I win too... 1.2886 may be it for the drop. It could go lower or retest down to 1.2860 or so, but this is the 50% Fib retracement of the entire move higher, so it may be the low for a long time to come, maybe years... I will begin building longs for 1.35 and beyond.
Congratulations to you too Alorente... We all did together .... Now we have Jaybag defeated.

To be honest I don't want anyone off for one month. His contributions are valuable
Data + Stat + Risk/Emotions Management
  • #547,099
  • Sep 9, 2020 7:41am Sep 9, 2020 7:41am
We may have hit weekly and monthly bottom at 1.2884 area...
Data + Stat + Risk/Emotions Management
  • #547,100
  • Sep 9, 2020 7:44am Sep 9, 2020 7:44am
break london high, pls
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