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Cable Update (GBPUSD)

  • #549,221
  • Sep 21, 2020 1:48am Sep 21, 2020 1:48am
Another test of 1.3, it looks like.
Bulls have very little time to break it, with pressure from Brexit and corona mounting.
  • #549,222
  • Sep 21, 2020 1:59am Sep 21, 2020 1:59am
Quoting VM.
Another test of 1.3, it looks like. Bulls have very little time to break it, with pressure from Brexit and corona mounting.
brexit pressure can press each ways.
i want price to break 1.3 to look for better short.
this range is very choppy, 2950 act like a pivot since mid last week.

enter a trade in the middle of the range zone is not the smartest thing to do.

maybe i wont trade this pair today, lets see.

lower tf’s want up, 4h,daily - uncertain.
  • #549,223
  • Sep 21, 2020 2:11am Sep 21, 2020 2:11am
Quoting gatenio
{quote} brexit pressure can press each ways. i want price to break 1.3 to look for better short. this range is very choppy, 2950 act like a pivot since mid last week. enter a trade in the middle of the range zone is not the smartest thing to do. maybe i wont trade this pair today, lets see.
Brexit: I see only one way for the next few weeks at least.
I would also love a break above 1.3 to short, but I also have a pending short just below 1.3, with tight stop.
  • #549,224
  • Sep 21, 2020 2:30am Sep 21, 2020 2:30am
Quoting gatenio
{quote} brexit pressure can press each ways. i want price to break 1.3 to look for better short. this range is very choppy, 2950 act like a pivot since mid last week. enter a trade in the middle of the range zone is not the smartest thing to do. maybe i wont trade this pair today, lets see. lower tf’s want up, 4h,daily - uncertain.
True trading in the middle of a range is risky. A breakout from the zone should help filter the bias for the week.

A breakout can also mean more liquidity is pump into the market
Le$$ I$ More
  • #549,225
  • Sep 21, 2020 2:30am Sep 21, 2020 2:30am
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yes yes yes
  • #549,226
  • Sep 21, 2020 2:33am Sep 21, 2020 2:33am
I think 1.31-or more is possible, but not today. I think next month.
  • #549,227
  • Sep 21, 2020 2:44am Sep 21, 2020 2:44am
nice
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yes yes yes
  • #549,228
  • Sep 21, 2020 2:47am Sep 21, 2020 2:47am
Quoting VM.
Another test of 1.3, it looks like. Bulls have very little time to break it, with pressure from Brexit and corona mounting.
Misjudged it completely. Huge risk off flows from London open, continuing from Friday NY session.
  • #549,229
  • Sep 21, 2020 3:04am Sep 21, 2020 3:04am
Quoting VM.
{quote} Misjudged it completely. Huge risk off flows from London open, continuing from Friday NY session.
i mis-judged as well
really looked like buys were accumulating.
in wondering about yourself, you forgot what you came here to be part of
  • #549,230
  • Sep 21, 2020 3:13am Sep 21, 2020 3:13am
Quoting Moty
first trade of the week {image}
Good work Moty
Compulsions can be hard to resist
  • #549,231
  • Sep 21, 2020 3:15am Sep 21, 2020 3:15am
Maybe wrong. but its other scenario
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  • #549,232
  • Edited 3:32am Sep 21, 2020 3:20am | Edited 3:32am
Quoting corongumet
sell stop: 1.2946 SL: 1.3010 TP: 1.2860 Disc: Stay a green, maybe wrong {image}{image}
Touch. And I will buy for 38% Fibonacci or if I get signal
  • #549,233
  • Sep 21, 2020 3:21am Sep 21, 2020 3:21am
G/M...so the greater probability re w/e analysis from the majority...ie a fall...played out and what a fall...a precipitous fall with 16 consecutive bearish 5min candles !!!
Price has reached 61.8% of the total 2762-3007 move. 4hr is below...shows a decisive downside breech of the asc t/line / rising channel bottom.
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Trader with an Edge.
  • #549,234
  • Sep 21, 2020 3:25am Sep 21, 2020 3:25am
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yes yes yes
  • #549,235
  • Sep 21, 2020 3:26am Sep 21, 2020 3:26am
From Website MarketWatch
European bank stocks slide after money-laundering allegations; Dow futures slide 300 points.

Shares of Europe’s top banks dropped on Monday, after the publication of reports alleging they kept doing business with customers they suspected of money laundering and other wrongdoing.

(All European Indices dropped more than 2% and still dropping).
  • #549,236
  • Sep 21, 2020 3:34am Sep 21, 2020 3:34am
buy 1.284 (testing water)

sl 30
  • #549,237
  • Sep 21, 2020 3:40am Sep 21, 2020 3:40am
The craziest pair ever
Patience.....
  • #549,238
  • Sep 21, 2020 3:41am Sep 21, 2020 3:41am
...76.4% downside extension of fri's range breeched now ,,,price @ 99.5% of 30 day adr and the 'major' asc t/line on dly is in view below price. dly below. 7 consec 15min bearish candles now, 11 x 10min. 2823 is 76.4% of the 2762-3007 move. Dly S2 is 2811. Wkly S1 2786.
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Trader with an Edge.
  • #549,239
  • Sep 21, 2020 3:42am Sep 21, 2020 3:42am
Fundamentally we didnt have good news this weekend. In uk there are seriusly talking about a second lockdown. There is a meeting today, next step that looks quite sure is a curfew.
Twitter: Rummer_grapes
  • #549,240
  • Sep 21, 2020 3:45am Sep 21, 2020 3:45am
Bought at 1.2838....

Second buy limit at 1.2728....
Data + Stat + Risk/Emotions Management
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