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Cable Update (GBPUSD)

  • #547,621
  • Sep 11, 2020 2:29am Sep 11, 2020 2:29am
Quoting Almo2312
Sell 1.2825 for 50.
added 1.2855 for 100
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #547,622
  • Sep 11, 2020 2:31am Sep 11, 2020 2:31am
London Setup For Long
  • #547,623
  • Sep 11, 2020 2:31am Sep 11, 2020 2:31am
Quoting Headland
{quote} ... y/day evening you were questioning why we were buying at yesterday's lo in a day of heavy selling - now you are advising people not to sell,.....or to not trade today....it's not just others that put out your so called 'crap advice' it would seem !!
Well said.
Data + Stat + Risk/Emotions Management
  • #547,624
  • Sep 11, 2020 2:33am Sep 11, 2020 2:33am
Although the price now rises the trend is still bearish, at the moment I only go short. My English is bad and I translate with google.
Attached Image (click to enlarge)
Click to Enlarge Name: 11-09-20.png Size: 108 KB
  • #547,625
  • Sep 11, 2020 2:36am Sep 11, 2020 2:36am
Quoting msniper
current price 1.2820 expecting a bullish move in all GBP pairs as a retracement . the move will be 200 to 300 pips up after this up move a new selling wave will start to a new low the new low bottom will be around 300 pips below yesterday low so GU bottom will be around 1.25x to 1.26x level after that a new rally to 1.34 and move this is my plan for the next few days/weeks
sort of agree, weekly cable and geppy run into their weekly supports, bounce maybe, must admit last week and this week so far been all bear action, if yesterdays low goes, who knows could end up one pretty nasty bearish candle, next week would be very interesting!!!
If you are new to Forex? Say Goodbye to your account!!
  • #547,626
  • Edited 3:06am Sep 11, 2020 2:37am | Edited 3:06am
...back to trading....G/M all, after yesterday's spectacularly bearish day price has found support at the prev dly/wkly sw hi zone starting at 2813...extending to 2746 on dly. and deeper on wkly.....(= prev res = pot rbs.) @ 184% of 13 week already travelled this week hi-lo - can price go any deeper ? [119% 3mth amr so far this mth.) 30 day adr hi from today's current lo is 2920. Hidden bearish div is present on 30min and developing on 1hr.

15min - 4hr ema 20/50/100 remain crossed down and 1hr/4hr remain in general PA downtrends.

1hr is below.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 44 KB
Trader with an Edge.
  • #547,627
  • Sep 11, 2020 2:38am Sep 11, 2020 2:38am
IMHO if hourly will close below 1.2810 it will be down continuation .

green pips to all.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #547,628
  • Sep 11, 2020 2:40am Sep 11, 2020 2:40am
Quoting epzero
{quote} yes JayBag won because 20pips to the target plus he was in profit unlike G=unit that had a large draw down
Thats the problem...he never made any profit. I told him its not smart to keep open trades for long term targets, better to trade in that direction and close profits on the way. But he told me I am not smart enough to understand that kind of trading...well, I guess I am not smart enough to understand how someone can turn 400 pip profit into a 300 pip loss within 2 weeks, without cashing in.
Everyone can see the chart, but only a few can actually read it.
  • #547,629
  • Sep 11, 2020 2:48am Sep 11, 2020 2:48am
Quoting gatenio
{quote} dont go blindly on 1.35, focus on the gap for now. my 2 cents
The gap at 1.3270 area?
Data + Stat + Risk/Emotions Management
  • #547,630
  • Sep 11, 2020 2:53am Sep 11, 2020 2:53am
Quoting Georginson
{quote} The gap at 1.3270 area?
yap.. i think bulls letting go now anyway.. damn.
need to clear 1.2853 on 15m

im sideline now after gave back some pips to the market.
  • #547,631
  • Sep 11, 2020 2:53am Sep 11, 2020 2:53am
looks like a bulls trap / bearish flag.
if i had money in the account i would sell new hourly low .
potential reverse areas are mark on the chart.
until band is declining and all blue , the trend is short
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 35 KB
Click to Enlarge Name: dx1.png Size: 34 KB
yes yes yes
  • #547,632
  • Sep 11, 2020 2:55am Sep 11, 2020 2:55am
Sold at 1.2741, SL now at BE.
GU likes to play this up-and-more-down game, collecting the stops and then falling lower quickly. Maybe this is the case today as well.
  • #547,633
  • Sep 11, 2020 3:02am Sep 11, 2020 3:02am
...dragonfly doji close - 1hr after prev similar candle close on that t/f...2hrs of tradeable indecision.
Trader with an Edge.
  • #547,634
  • Sep 11, 2020 3:02am Sep 11, 2020 3:02am
Quoting VM.
Sold at 1.2741, SL now at BE. GU likes to play this up-and-more-down game, collecting the stops and then falling lower quickly. Maybe this is the case today as well.
2741 was like 24 minutes ago, thats like betting on a horse after the race is finished, cant happen?
If you are new to Forex? Say Goodbye to your account!!
  • #547,635
  • Sep 11, 2020 3:06am Sep 11, 2020 3:06am
Quoting KiwiTrada
{quote} 2741 was like 24 minutes ago, thats like betting on a horse after the race is finished, cant happen?
How i have 28340
  • #547,636
  • Sep 11, 2020 3:10am Sep 11, 2020 3:10am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 29 KB
yes yes yes
  • #547,637
  • Sep 11, 2020 3:12am Sep 11, 2020 3:12am
Quoting KiwiTrada
{quote} 2741 was like 24 minutes ago, thats like betting on a horse after the race is finished, cant happen?
2841, a typo.
SL=BE hit now anyway.
  • #547,638
  • Sep 11, 2020 3:12am Sep 11, 2020 3:12am
Quoting Gym4life
{quote} How i have 28340
do you have a sl?
If you are new to Forex? Say Goodbye to your account!!
  • #547,639
  • Sep 11, 2020 3:13am Sep 11, 2020 3:13am
Quoting KiwiTrada
{quote} do you have a sl?
I mean how i have now 28314 and 24 mins ago 28080
  • #547,640
  • Sep 11, 2020 3:14am Sep 11, 2020 3:14am
Quoting KiwiTrada
{quote} do you have a sl?
I use only 20-30 pips sl, the only way
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