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Cable Update (GBPUSD)

  • #548,281
  • Sep 15, 2020 8:41am Sep 15, 2020 8:41am
Spider senses tellin me to go long ( brain telling me that for today is enough and to dont fuck up the day)
  • #548,282
  • Sep 15, 2020 8:43am Sep 15, 2020 8:43am
Quoting trumps
{quote} Why 2780? It could go down towards 2725 - 2630 area and still bounce hard.
1.2780 its the fourth level of major support, is already closed below 3 major support areas. 1.3161, 1.3058, 1.3004, these were all major support areas that were taken out in one day (9/8). If it closes below 4 major supports then the high stands.

I am not saying it wont go below, all im saying is for it to continue the down trend we need a closing below 1.2780. If it does close below it could test the 1.2511 area on a daily basis.
  • #548,283
  • Sep 15, 2020 8:51am Sep 15, 2020 8:51am
Quoting Akram4899
{image}short entry to pivot level
mac D showing overbought on 4hr TF already moved 111 pips today
  • #548,284
  • Sep 15, 2020 8:51am Sep 15, 2020 8:51am
Quoting HBN08
Spider senses tellin me to go long ( brain telling me that for today is enough and to dont fuck up the day)
Thank you brain for being the Boss
  • #548,285
  • Edited 9:07am Sep 15, 2020 8:53am | Edited 9:07am
probably in a channel based on weekly and monthly today ,only if it can take the large bearish pattern that broke the monthly, can weekly hold off the break
you only need to see this w1 open change to raise confidence...
because thats a super duper pivot above all else in the region.
Channel is a guess at this point.
Attached Image (click to enlarge)
Click to Enlarge Name: 0101 GBPUSD-Daily.png Size: 51 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #548,286
  • Sep 15, 2020 9:00am Sep 15, 2020 9:00am
Quoting kuroro001
{quote} Yes its rare and may never happen but to me this year wasn't a flash crash, it was a quick move down but i don't consider it as a flash crash monthly is still ranging for the past 4 years, that's why i don't rule out another big move down And weekly 2085 needs his touch
In 2016, GU crash twice. Reason: Brexit.
Le$$ I$ More
  • #548,287
  • Sep 15, 2020 9:00am Sep 15, 2020 9:00am
Quoting Akram4899
{image}short entry to pivot level
switched to long .
660$ allready
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu2.png Size: 31 KB
Click to Enlarge Name: eg.png Size: 26 KB
yes yes yes
  • #548,288
  • Sep 15, 2020 9:03am Sep 15, 2020 9:03am
Quoting Roszey
{quote} In 2016, GU crash twice. Reason: Brexit.
First move was in the process, it was being priced poorly and it surprised everyone by a move down. (COT were saying to short though, so not suprising)

Second one, was a flash crash a quick 5m/15mn move, driven by low liquidity during Asia and fat fingers i'd say (Most flash crash, if not all, happen while European and American sleep)

To me, both were totally different
COT: The precious data ignored
  • #548,289
  • Sep 15, 2020 9:07am Sep 15, 2020 9:07am
Quoting kuroro001
{quote} First move was in the process, it was being priced poorly and it surprised everyone by a move down. (COT were saying to short though, so not suprising) Second one, was a flash crash a quick 5m/15mn move, driven by low liquidity during Asia and fat fingers i'd say (Most flash crash, if not all, happen while European and American sleep) To me, both were totally different
Indeed. Yet if applying the range theory, you will lose your account twice if you deploy a counter-trend mindset.

The Range Theory can be a great asset if used to follow trend..
Le$$ I$ More
  • #548,290
  • Sep 15, 2020 9:07am Sep 15, 2020 9:07am
how i like this BS trap moves..

PA want to push up !

just my 2 cents ,

Cheers
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #548,291
  • Sep 15, 2020 9:08am Sep 15, 2020 9:08am
Quoting Moty
{quote} switched to long . 660$ allready {image} {image}
Great work Moty !!! You are calling them with pin point accuracy.

Do you mind sharing your Daily/Weekly support/resistance indi? I like the way it looks on your chart.

Thanks.
Observation is the path to discovery.
  • #548,292
  • Sep 15, 2020 9:08am Sep 15, 2020 9:08am
Quoting Almo2312
how i like this BS trap moves.. PA want to push up ! just my 2 cents , Cheers
What or Who is PA?
  • #548,293
  • Sep 15, 2020 9:08am Sep 15, 2020 9:08am
Quoting Moty
{quote} switched to long . 660$ allready {image} {image}
well done buddy!
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #548,294
  • Sep 15, 2020 9:11am Sep 15, 2020 9:11am
Quoting spatel522
{quote} What or Who is PA?
Price Action
  • #548,295
  • Sep 15, 2020 9:13am Sep 15, 2020 9:13am
Guys was studying M and W and D
None of you see a "long term" if we go down 1.22600 or 1.23000?
  • #548,296
  • Sep 15, 2020 9:14am Sep 15, 2020 9:14am
Lets see where the market goes after the rape, pillage, stalking is done at 10am. Will likely tell us what the day will look like.
  • #548,297
  • Sep 15, 2020 9:17am Sep 15, 2020 9:17am
Quoting corongumet
I have sell @1.2906 SL: 1.2926 TP: 1.2870 maximum 1.2838 {image}
Touch, I want to wait long signal
  • #548,298
  • Sep 15, 2020 9:19am Sep 15, 2020 9:19am
Quoting Almo2312
how i like this BS trap moves.. PA want to push up ! just my 2 cents , Cheers
EUR and gold are crashing hard, you think these are traps?
  • #548,299
  • Sep 15, 2020 9:22am Sep 15, 2020 9:22am
Quoting VM.
{quote} EUR and gold are crashing hard, you think these are traps?
30 pips is crashing? you should have traded 2008/2010 back then, you would have understood how it is to trade volatility
COT: The precious data ignored
  • #548,300
  • Sep 15, 2020 9:23am Sep 15, 2020 9:23am
Bulls must stay cautioned from here. Price carefully shifting lower.
Attached Image (click to enlarge)
Click to Enlarge Name: GUSSSS.jpg Size: 135 KB
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