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Cable Update (GBPUSD)

  • #547,181
  • Sep 9, 2020 9:18am Sep 9, 2020 9:18am
Quoting Georginson
A close above 1.2980 is good for bulls, which means any drop is now a buy to medium target of 1.35 in days ahead as far as price doesn't break 1.2750 area. Discretion is advised.
just one small buy and your already calling 1.35 in days, it's about 500pips from 1.35 how do you think it's possible in days?? what if market falls bellow tomorrow and continue selling
  • #547,182
  • Sep 9, 2020 9:24am Sep 9, 2020 9:24am
Ima leave here usdix m15..
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  • #547,183
  • Sep 9, 2020 9:25am Sep 9, 2020 9:25am
will try to close soon..
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  • #547,184
  • Sep 9, 2020 9:28am Sep 9, 2020 9:28am
this is weekly target ( if index press down to 92.119 u will see what you do not want to see that number ) but its ok let it go
our monthly target way higher number )
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  • #547,185
  • Sep 9, 2020 9:28am Sep 9, 2020 9:28am
Quoting epzero
{quote} just one small buy and your already calling 1.35 in days, it's about 500pips from 1.35 how do you think it's possible in days?? what if market falls bellow tomorrow and continue selling
Mate, I did state the importance of price closing above 1.2980 which add bullish credence.

Also, September range already did 597 pips which is 88% of the maximum possible range of the month...

Also consider the weekly range which had stretched to 384 pips which is just 9 pips away from the maximum weekly range in the last 10 weeks being 393 pips.

Everything points towards up should the price close above 1.2980 which doesn't mean price can't still fall but that is a typical reversal sign... So any fall is now a buy should price close above 1.2980 today...

As for 1.35, that's no big deal as just 6 trade days ago we were just 19 pips away from 1.35. So 1.35 isn't a mountain to get considering 1.2880 area has been met already.

I may be wrong, but that's what I clearly see.

Peace.
Data + Stat + Risk/Emotions Management
  • #547,186
  • Sep 9, 2020 9:33am Sep 9, 2020 9:33am
Quoting Georginson
{quote} Mate, I did state the importance of price closing above 1.2980 which add bullish credence. Also, September range already did 597 pips which is 88% of the maximum possible range of the month... Also consider the weekly range which had stretched to 384 pips which is just 9 pips away from the maximum weekly range in the last 10 weeks being 393 pips. Everything points towards up should the price close above 1.2980 which doesn't mean price can't still fall but that is a typical reversal sign... So any fall is now a buy should price close above...
you said same in July and it went overbought, so stop saying things that will hunt you, there is still brexit so just because we had a little pullback doesn't mean we now have a change of trend. The bounce was a result of monthly MA21 so it will come back down and break and continue selling
  • #547,187
  • Sep 9, 2020 9:39am Sep 9, 2020 9:39am
Quoting epzero
{quote} you said same in July and it went overbought, so stop saying things that will hunt you, there is still brexit so just because we had a little pullback doesn't mean we now have a change of trend. The bounce was a result of monthly MA21 so it will come back down and break and continue selling
I'm not perfect and I may be wrong. Let's wait and see how it unfolds.
Data + Stat + Risk/Emotions Management
  • #547,188
  • Sep 9, 2020 9:42am Sep 9, 2020 9:42am
Quoting birdland
{quote} but that makes 1.3045 high: 1.31735 low: 1.29803 close: 1.29814 _________________ 3.91352/3 = 1.3045
Different brokers different prices although that is pretty far off mine. My low was 12950. Which broker do you use?
  • #547,189
  • Sep 9, 2020 10:20am Sep 9, 2020 10:20am
Quoting knkie
buying 3003 m5 frame
+ 14 pips on this
Price is at a decision.
Either H4 is making a LH and we go down again
or there is correction in the wind.
in wondering about yourself, you forgot what you came here to be part of
  • #547,190
  • Sep 9, 2020 10:32am Sep 9, 2020 10:32am
Quoting Georginson
{quote} Mate, I did state the importance of price closing above 1.2980 which add bullish credence. Also, September range already did 597 pips which is 88% of the maximum possible range of the month... Also consider the weekly range which had stretched to 384 pips which is just 9 pips away from the maximum weekly range in the last 10 weeks being 393 pips. Everything points towards up should the price close above 1.2980 which doesn't mean price can't still fall but that is a typical reversal sign... So any fall is now a buy should price close above...
it's a trick- daily is false or will fail for up
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #547,191
  • Sep 9, 2020 10:37am Sep 9, 2020 10:37am
Quoting Bones
{quote} it's a trick- daily is false or will fail for up
The buy was just a bounce off monthly MA21 market will fall back down and even go lower
  • #547,192
  • Sep 9, 2020 10:42am Sep 9, 2020 10:42am
Quoting epzero
{quote} The buy was just a bounce off monthly MA21 market will fall back down and even go lower
H4 took out resistance 2996 on the last bar.
its still a coin flip but there is a case to be made for buy's here
in wondering about yourself, you forgot what you came here to be part of
  • #547,193
  • Sep 9, 2020 10:42am Sep 9, 2020 10:42am
you must treat the daily with caution because the weekly is very bearish,1st of all can it leave the channel.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #547,194
  • Sep 9, 2020 10:44am Sep 9, 2020 10:44am
Quoting knkie
{quote} H4 took out resistance 2996 on the last bar. its still a coin flip but there is a case to be made for buy's here
All the MA has crossed on H4 so it's going to deep
  • #547,195
  • Sep 9, 2020 10:46am Sep 9, 2020 10:46am
Quoting Bones
you must treat the daily with caution because the weekly is very bearish,1st of all can it leave the channel. {image}
you have said it all, just a little bounce and everyone is screaming buy, it start to fall again and they will all be trapped, nothing has changed in the market and we still have a stronger dollar so i stay bearish
  • #547,196
  • Sep 9, 2020 10:46am Sep 9, 2020 10:46am
Quoting epzero
{quote} All the MA has crossed on H4 so it's going to deep
i dont use indicators so i cant speak to MA crossings.
you might be right.
But indicators usually lag true reversals

lets see !
in wondering about yourself, you forgot what you came here to be part of
  • #547,197
  • Sep 9, 2020 10:49am Sep 9, 2020 10:49am
See if it can break first, beware bearish open after midnight gmt
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #547,198
  • Sep 9, 2020 10:51am Sep 9, 2020 10:51am
worth the risk i think.
sharp SL and potential big jump.

BUY 2994
9 pip stop

M5
in wondering about yourself, you forgot what you came here to be part of
  • #547,199
  • Sep 9, 2020 11:03am Sep 9, 2020 11:03am
Looking for the market to bounce off at 1.2860 today, tomorrow will be a tell tale sign of where the market goes. Still a chance of breaching the 1.3482 high from the beginning of this month but doesnt look good. If it goes below 1.2780 i think the high will be in place for the time being
  • #547,200
  • Sep 9, 2020 11:14am Sep 9, 2020 11:14am
No deal berxit , that means the pounds is gonna crash
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