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Cable Update (GBPUSD)

  • #548,861
  • Sep 18, 2020 2:40am Sep 18, 2020 2:40am
Quoting gatenio
{quote} hi bro, are you drawing those sandiwches manually?
Yes please. . i have been trying to get it coded but not successful..
But still trying.

But i created a tool that helps me draw the zones and give the stats on that zone drawn. (prices, zone size etc)
Le$$ I$ More
  • #548,862
  • Sep 18, 2020 2:47am Sep 18, 2020 2:47am
dxy remains unbroken
Attached Image (click to enlarge)
Click to Enlarge Name: dxy.png Size: 83 KB
be patient
  • #548,863
  • Sep 18, 2020 2:48am Sep 18, 2020 2:48am
Quoting ChiForex
GU looking to break above 1.30 to target around 1.3025 to 1.3050 that's a Top range resistance, only a base above there today may revive bull power for next week.. *I'm standing aside, not gonna sell anymore @1.2980s as it was tested a lot of times(good profits already), so my strategy in such case is to sell higher at the above levels..as better risk to reward since even if 1.3025-50 get broken, market price will retrace to it sooner or later so risk selling there is relatively low.
For buying this pair, not looking to buy before 1.2860s and better @1.2810s for today, knowing that only a break and base below 1.2930 may target those levels below..

The pair is still on overall bearish basis.

This is my strategy for bulls/bears today..Enjoy
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #548,864
  • Sep 18, 2020 2:49am Sep 18, 2020 2:49am
Quoting ChiForex
{quote} For buying this pair, not looking to buy before 1.2860s and better @1.2810s for today, knowing that only a break and base below 1.2930 may target those levels below.. The pair is still on overall bearish basis. This is my strategy for bulls/bears today..Enjoy
1.299 is a tug of war today lol
  • #548,865
  • Sep 18, 2020 2:49am Sep 18, 2020 2:49am
GU moving really bad i wonder may the pair want to see 1.3070 or 1.3125 first hummm
  • #548,866
  • Sep 18, 2020 2:54am Sep 18, 2020 2:54am
Quoting msniper
GU moving really bad i wonder may the pair want to see 1.3070 or 1.3125 first hummm
it has a mountain to climb, i hope it doesn't give a false break for buyers and start selling
  • #548,867
  • Sep 18, 2020 2:56am Sep 18, 2020 2:56am
Quoting msniper
GU moving really bad i wonder may the pair want to see 1.3070 or 1.3125 first hummm
To me 1.2900 looks more realistic than 1.3070 today. Next week will likely target 1.3070 area as far as price has failed to base below 1.2860 area.
Data + Stat + Risk/Emotions Management
  • #548,868
  • Sep 18, 2020 2:59am Sep 18, 2020 2:59am
Quoting BitcoinBoff
{quote} Euphoria is DANGEROUS

this is what i mean when i say traders can be addicted.
Research has shown it triggers the same chemical responses that gambling does.
It makes you forget what you lost and think you are king of the mountain.
And then the market humbles you again.
in wondering about yourself, you forgot what you came here to be part of
  • #548,869
  • Sep 18, 2020 3:00am Sep 18, 2020 3:00am
..that prev dly sw lo zone [=prev supp=pot sbr] extends to 3050 so likely res if challenged. 1hr pinbar close.
Trader with an Edge.
  • #548,870
  • Sep 18, 2020 3:03am Sep 18, 2020 3:03am
Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 40 KB
  • #548,871
  • Sep 18, 2020 3:05am Sep 18, 2020 3:05am
Quoting forexdhaka
dxy remains unbroken {image}
it will break
time to take long at gj
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dx1.png Size: 20 KB
Click to Enlarge Name: gu1.png Size: 39 KB
Click to Enlarge Name: gu2.png Size: 30 KB
yes yes yes
  • #548,872
  • Sep 18, 2020 3:06am Sep 18, 2020 3:06am
Quoting epzero
{quote} I said what i said, you can go hug a transformer for all i care.


Like I said, some traders need to grow up emotionally

Im starting to wonder if you are not just a troll, here to work up traders emotionally?

Its either that, or you need to grow up emotionally
  • #548,873
  • Edited 3:39am Sep 18, 2020 3:24am | Edited 3:39am
...that 1st LH on dly is at 3034 - bulls need to get above this really to weaken the recent bearishness on that t/f although it is still in a general pa uptrend with ema's crossed up....LH, L, ....H? 5min bullish hidden div at the last pullback lo. 5min below.
---------------------------

4hr: still bullish - last few fractal price swings have been HH (at current weekly hi,) 5th HL, L, HL. 1hr: Don't go there ! - rangy to bullish suffice to say.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB
Trader with an Edge.
  • #548,874
  • Sep 18, 2020 3:56am Sep 18, 2020 3:56am
when gj will break , gu will fly
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 53 KB
yes yes yes
  • #548,875
  • Sep 18, 2020 4:01am Sep 18, 2020 4:01am
... 1hr bullish engulf close.
Trader with an Edge.
  • #548,876
  • Sep 18, 2020 4:12am Sep 18, 2020 4:12am
hmmm
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.png Size: 96 KB
be patient
  • #548,877
  • Sep 18, 2020 4:24am Sep 18, 2020 4:24am
Quoting Headland
... 1hr bullish engulf close.
this is another opportunity to the pattern .
every time a bullish candle close above the 50 ema band it's time .
pick the ones that close at the 75% or higher of their range
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 27 KB
Click to Enlarge Name: gu2.png Size: 33 KB
yes yes yes
  • #548,878
  • Sep 18, 2020 4:28am Sep 18, 2020 4:28am
...bulls struggling to gain more upside progress atm....still seems more probable atm - intraday...but that doesn't mean it will happen
Trader with an Edge.
  • #548,879
  • Sep 18, 2020 4:33am Sep 18, 2020 4:33am
Agree, bulls really struggle here. I hope to see a break, but they may have to settle for consolidation at this level and drop later.
  • #548,880
  • Sep 18, 2020 4:33am Sep 18, 2020 4:33am
Quoting forexdhaka
hmmm {image}
My chart is almost identical (albeit it on a 2hr chart), looking for the break of that and the recent swing high 13035 aiming for 13170.. If not till take the bounce off that down to 12900.
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