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Cable Update (GBPUSD)

  • #547,221
  • Sep 9, 2020 5:59pm Sep 9, 2020 5:59pm
Quoting shahab8b
{quote} maybe this, after 600 pips drop the same as Dec 2019 {image}
GU, it has to break above 1.3050 former S turned R. my initial target is 1.3150-1.32, 50% ret of the drop
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  • #547,222
  • Sep 9, 2020 6:44pm Sep 9, 2020 6:44pm
Sl 1.29731 long from yesterday usa 11.30 am/ now small red
  • #547,223
  • Sep 9, 2020 6:49pm Sep 9, 2020 6:49pm
M5 GPB
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  • #547,224
  • Sep 9, 2020 8:03pm Sep 9, 2020 8:03pm
For me so far intraday bullish trend still valid. I'm expecting cable will rise unless seller push it hard at London session
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #547,225
  • Sep 9, 2020 9:34pm Sep 9, 2020 9:34pm
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yes yes yes
  • #547,226
  • Sep 9, 2020 10:59pm Sep 9, 2020 10:59pm
my plan for GU one more push up near 1.31 and then down to new low

the bottom will be between 1.2770 to 1.2810

then we will see new rally to above 1.34
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  • #547,227
  • Sep 9, 2020 11:33pm Sep 9, 2020 11:33pm
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yes yes yes
  • #547,228
  • Sep 10, 2020 12:23am Sep 10, 2020 12:23am
fucking daily amirite? well, i guess my christmas plan has to wait. the 20 bollinger std 2 is hit, daily close bullish, close above 1.3, could be higher low.... i have to buy it... and EG perfect setup too. id aim for 100-200. GU, 50-75EG short. EU i got nothing. GJ the better buy technically imo because of strong rejection on weekly 200 ema followed by bullish continuation from off of the 13 25 and 50. i didnt expect this push down so quick or id stay short. i dont think its ready for more up but i could be wrong...
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  • #547,229
  • Sep 10, 2020 12:33am Sep 10, 2020 12:33am
dollar index DXY its still bearish but i am expecting a small drop then rise to 94 area and then from 94 area down to below 92
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  • #547,230
  • Sep 10, 2020 1:09am Sep 10, 2020 1:09am
Quoting Roszey
{quote} you have been missed.. by the way, how can you tell of the volume?
tick volume
COT: The precious data ignored
  • #547,231
  • Sep 10, 2020 1:18am Sep 10, 2020 1:18am
Good day,

New here, so don't take me too seriously...lol

I did though spent the last 16 months 10 to 15hrs a day ONLY learning FX , focusing on GBPUSD, and at this stage only calling and demo , (although for some reason have the hardest of times pulling the trigger, but calling my trades very good).

My take for yesterdays reversal and today :

Yesterday was midweek reversal for Dealers and Market Makers, in their plan. The fundamentals and previous two days down is ideal for them to have every retail guy buying into further downs, so perfect for them to trap retail, thats why the fast and hard bullish reversal yesterday just before US open.

Me thinks today after London Open a small down, but the reverse back up to Target 1 of 1.3070, and maybe after that some time 1.3090

My strategy concept is mainly based to try and understand smart money, and how they use fundamentals, data releases, news, etc, to trap dumb retail money, intra day.

If you have crowd data , you can control the crowd. ( Dumb retail traders, 70% plus daily feeding the 30% less smart money every day)
I believe thats the main driver of the price movements.
  • #547,232
  • Sep 10, 2020 1:29am Sep 10, 2020 1:29am
Morning gays

Long or short ?
  • #547,233
  • Sep 10, 2020 1:31am Sep 10, 2020 1:31am
Quoting kuroro001
{quote} tick volume
How reliable are tick volumes? Since it is regenerated via the trading platform
Le$$ I$ More
  • #547,234
  • Sep 10, 2020 1:31am Sep 10, 2020 1:31am
Quoting kuroro001
{quote} tick volume
Forget the volume.
The price spiked up 150 pips in a short period of time with no news in the background.
This is clearly a big money move that want to surprise the retail traders and take all stops
Everybody was accepted to see a down move until the rising trendline
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yes yes yes
  • #547,235
  • Sep 10, 2020 1:32am Sep 10, 2020 1:32am
Quoting BitcoinBoff
Good day, New here, so don't take me too seriously...lol I did though spent the last 16 months 10 to 15hrs a day ONLY learning FX , focusing on GBPUSD, and at this stage only calling and demo , (although for some reason have the hardest of times pulling the trigger, but calling my trades very good). My take for yesterdays reversal and today : Yesterday was midweek reversal for Dealers and Market Makers, in their plan. The fundamentals and previous two days down is ideal for them to have every retail guy buying into further downs, so perfect for...

Good luck man, take yourself seriously and we will take you seriously too.

1.305 hard to break. if bulls clear it on h1 bullish for me to test the top again and above it.
  • #547,236
  • Sep 10, 2020 1:33am Sep 10, 2020 1:33am
Quoting DailyChart
Morning gays Long or short ?
Long for now. Weekly range is over 300pips so it natural it will pullback.. My sell analysis failed so I am waiting for a good move sell again..
Le$$ I$ More
  • #547,237
  • Sep 10, 2020 1:34am Sep 10, 2020 1:34am
Quoting Moty
{quote} Forget the volume. The price spiked up 150 pips in a short period of time with no news in the background. This is clearly a big money move that want to surprise the retail traders and take all stops Everybody was accepted to see a down move until the rising trendline {image}
Let the dogs keep barking.. Moty your are doing well cheers
Le$$ I$ More
  • #547,238
  • Sep 10, 2020 1:41am Sep 10, 2020 1:41am
Quoting Roszey
{quote} Long for now. Weekly range is over 300pips so it natural it will pullback.. My sell analysis failed so I am waiting for a good move sell again..
right but it can pullback to 1.3150 this week imo.
and if the week will finish in that area it will bring more buying pressure, early to tell.
  • #547,239
  • Sep 10, 2020 1:50am Sep 10, 2020 1:50am
Quoting gatenio
{quote} Good luck man, take yourself seriously and we will take you seriously too. 1.305 hard to break. if bulls clear it on h1 bullish for me to test the top again and above it.
If you read my post carefuly :

I made a major life change two years back, moved out of the big smoke, currently living the most basic of basic lifestyles, minimalistic, no materialistic needs nor month end pressures etc. No external "noise', etc.

All for ONE GOAL : to learn , and conquer Forex.

I spend 12 to 15hrs a day in front of my laptop, learning, all I can lay my hands on.
This journey has been the hardest, most serious, most tough, but also most rewarding.

I am in what I believe the final stages before going live and trade real funds. I am not rushing, I grow as I grow.

I have lost most peeps around me, because they all think i am crazy for tackling this.

I live in the most rural of rural areas, in a traditional mud hut, basic as basic as survival can get, all for one purpose, to get rid of anything that can make me rush for the money.

I AM SERIOUS

PS Not intended as a rant, more as an extention of description how serious i am about this
Who will pack up THEIR WHOLE LIFE, and move to the bush, for an openended period, until you have CONQUERED Forex..?
Not many....lol
  • #547,240
  • Sep 10, 2020 1:56am Sep 10, 2020 1:56am
Quoting DailyChart
Morning gays Long or short ?

Me thinks long to 1.3070 or 1.3090 somewhere.

But that prediction was at the close of Sydney time/

lets see how far it pulls back with London open, the Asian session range is big now, going on 60points, might be a ranging / balancing day after the previous two days downward.

Price might bounce between Asian H&L for the day, but me thinks it wants to go up, I see a lot of divergence in M30 and M15, and from experience, such divergence wana run back too 200 MA as first stop, which is around 1.3090 currently
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