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Cable Update (GBPUSD)

  • #548,421
  • Sep 16, 2020 5:04am Sep 16, 2020 5:04am
Quoting Wavegarrick
{quote} Hi Guys, Full 4hr bullish confirmation signals for me and I continue buying retraces. I see my weekly pivot at 1.29420 as a first target and hopefully, a breach will send us higher. Early days. Trade safe Cheers. {image}
Hi Guys,
My weekly pivot at 1.29420 reached and took some longs off the table. A 4 hourly close above could send us higher. My weekly res 1 at 1.31218 which is 177 pips away, a nice target.

Trade safe
Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_774.png Size: 97 KB
Trade to trade another day
  • #548,422
  • Sep 16, 2020 5:09am Sep 16, 2020 5:09am
Quoting Wavegarrick
{quote} Hi Guys, My weekly pivot at 1.29420 reached and took some longs off the table. A 4 hourly close above could send us higher. My weekly res 1 at 1.31218 which is 177 pips away, a nice target. Trade safe Cheers. {image}
Nice trade Wg...well held...that Wkly R1 also the 50% of the main 3482-2762 fall. Shabab8b also holding longs for that target. G/L.
------------------------------

4hr is below...easy to see what might be the pot rbs if tested in a pullback now. No downside fibs shown on this pic (they are on my 1hr chart)
-------------------------------
There is a repeating pattern of bearish hidden div on 4hr now likely good as long as price stays some way below 3034 prev sw hi.
Attached Image
Trader with an Edge.
  • #548,423
  • Sep 16, 2020 5:13am Sep 16, 2020 5:13am
Quoting BitcoinBoff
{quote} Well done Moty !!! me thinks it might hit 1.2964, and then later 1.2987 Lets see
yes , looks like a full adr day .
i belive it will hit at least daily r2 1.29848 area .
useally i will let it run ,but i was over leveraged , so i reduced the lot size .
it will retrace soon , and you have a lot of news in 2.5 hours.
i will buy new hourly high
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu2.png Size: 33 KB
Click to Enlarge Name: gu3.png Size: 29 KB
yes yes yes
  • #548,424
  • Sep 16, 2020 5:14am Sep 16, 2020 5:14am
Quoting Headland
{quote} Nice trade Wg...well held...that Wkly R1 also the 50% of the main 3482-2762 fall. Shabab8b also holding longs for that target. G/L.
Thanks Headland for that info. Shabab is an excellent trader and always good to be on his side. I hope it materializes. We take it a step at a time.

Have a great day
Cheers.
Trade to trade another day
  • #548,425
  • Sep 16, 2020 5:15am Sep 16, 2020 5:15am
Quoting Wavegarrick
{quote} Hi Guys, My weekly pivot at 1.29420 reached and took some longs off the table. A 4 hourly close above could send us higher. My weekly res 1 at 1.31218 which is 177 pips away, a nice target. Trade safe Cheers. {image}
HI Wave,
can you please share your template and indicators. Its seems very calm.
thanks
  • #548,426
  • Sep 16, 2020 5:19am Sep 16, 2020 5:19am
... starting at this week's current lo just above fri's lo we have 4 x HL's and 2 x HH's now on 4hr...2nd HH at the current hi is not fractal yet but it wil be a fractal HH when it does form....bullish atm on this t/f therefore.
Trader with an Edge.
  • #548,427
  • Sep 16, 2020 5:20am Sep 16, 2020 5:20am
Quoting ChiForex
Today movement can target 1.2880s, a base above will be an introduction to the larger retracement toward 1.2980s strong resistance.
This post from 2 days ago..still continuing to target 1.2980s good sell level and no better than if targeted before FED decision today, to hold on the order for big profit starting from back to 1.2880s..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #548,428
  • Sep 16, 2020 5:29am Sep 16, 2020 5:29am
good morning,
  • #548,429
  • Sep 16, 2020 5:31am Sep 16, 2020 5:31am
Quoting sudathkg
{quote} HI Wave, can you please share your template and indicators. Its seems very calm. thanks
Hi Sudathkg, I have a dedicated thread over at Steve Hopwood's forex forum where my system is shared with one and all. Template and indicators all there. To post a full system here and educate those interested won't be cool.

Hope it helps.
Cheers.
Trade to trade another day
  • #548,430
  • Sep 16, 2020 5:33am Sep 16, 2020 5:33am
Attached Image (click to enlarge)
Click to Enlarge Name: gu3.png Size: 30 KB
yes yes yes
  • #548,431
  • Sep 16, 2020 5:33am Sep 16, 2020 5:33am
Quoting Georginson
This week short area 1.2925/1.2970. .... Target 1.2750 This month buy area 1.2724/1.2790.... Target 1.3270.
Now at weekly short area for 1.2750 target.

Monthly still in long mode... Better buy for monthly now at 1.2690/1.2724 area.

This high of 1.2960 makes it 200 pips bounce off the low of 1.2760 which opens for price decline from weekly perspective to possible 1.2680 area before uninterrupted bull run to 1.3270/1.34 area in weeks ahead.
Data + Stat + Risk/Emotions Management
  • #548,432
  • Sep 16, 2020 5:37am Sep 16, 2020 5:37am
starting a short 1,2954 but i want more shorts higher
more at 1,2961
Make money by doing the opposite of Giveachance aka loser
  • #548,433
  • Sep 16, 2020 5:44am Sep 16, 2020 5:44am
Quoting shahab8b
GU, 1.2750-1.28 zone has served as a S/R and a swing level at times. {image}
GU, holding long and buying the dips within a rising channel. R zone @ 1.30-1.3035
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30 9162020.png Size: 48 KB
  • #548,434
  • Sep 16, 2020 5:44am Sep 16, 2020 5:44am
Short term sell at 1.2950... target 1.2750
Data + Stat + Risk/Emotions Management
  • #548,435
  • Sep 16, 2020 5:48am Sep 16, 2020 5:48am
Quoting Georginson
{quote} Now at weekly short area for 1.2750 target. Monthly still in long mode... Better buy for monthly now at 1.2690/1.2724 area. This high of 1.2960 makes it 200 pips bounce off the low of 1.2760 which opens for price decline from weekly perspective to possible 1.2680 area before uninterrupted bull run to 1.3270/1.34 area in weeks ahead.
if your buying then say so if your selling then say so, stop saying two things.
  • #548,436
  • Sep 16, 2020 5:49am Sep 16, 2020 5:49am
Quoting epzero
{quote} if your buying then say so if your selling then say so, stop saying two things.
nothing wrong there..
they call prediction..
what n where is your prediction?
stop doing somethings that fooling yourself..
focus at your trading..
just for a cup of coffee...
  • #548,437
  • Sep 16, 2020 5:51am Sep 16, 2020 5:51am
My target is 1.3035.
GBPUSD September in the Spotlight
Risk Management is of utmost importance!
  • #548,438
  • Sep 16, 2020 5:51am Sep 16, 2020 5:51am
...I have no idea where price may go but my thoughts on the 4hr bearish hidden div detailed earlier...4hr is in an actual general PA uptrend with 4 x HL's and 2 x HH's and you have to ask what downtrend are you entering after the pullback from 2762 - ie the daily is not in a downtrend although there was a strong down move to 2762 with that L below the last 3 X HL's of the general pa uptrend on that t/f. Daily 20/50/100 ema's remain crossed up. Let's see what happens may see some downside off the set-up at some point but whether we will see a follow thru below 2762 off that particular set-up - well the probability is against it, but this doesn't mean it won't happen.
Trader with an Edge.
  • #548,439
  • Sep 16, 2020 5:58am Sep 16, 2020 5:58am
cmon gu give us little pull back, i want to join it
  • #548,440
  • Sep 16, 2020 6:00am Sep 16, 2020 6:00am
fearless, limitless do only do what you do just get in no need wait for what you want to do but im out from when you in
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