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Cable Update (GBPUSD)

  • #549,621
  • Sep 22, 2020 8:46pm Sep 22, 2020 8:46pm
you can see as this goes lower ,then buying or thinking of uptrend,
gets worse-
numbers lower than today are not an uptrend number to buy.
information is there before it close.
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #549,622
  • Sep 22, 2020 8:56pm Sep 22, 2020 8:56pm
You're also see later that isn't a candle that can be changed ,if it ended with a long wick ,it would still be bearish unlike the other one ,because of its location.
But I doubt the bulls can bring it back into the body of last regardless.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #549,623
  • Sep 22, 2020 9:00pm Sep 22, 2020 9:00pm
let see boy and evening
  • #549,624
  • Sep 22, 2020 9:07pm Sep 22, 2020 9:07pm
Quoting spatel522
Market will close below the 2780 mark so the Sept high will hold. We should expect a further decline before a sideways move going forward.
That 4th level you have is gone like a puff of smoke ,now you can join the bear camp ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #549,625
  • Sep 22, 2020 9:09pm Sep 22, 2020 9:09pm
of course thats not sound reasoning ,it needs to take 4 of my levels -
on it's own.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #549,626
  • Sep 22, 2020 9:25pm Sep 22, 2020 9:25pm
Nothing much to do now
  • #549,627
  • Sep 22, 2020 10:59pm Sep 22, 2020 10:59pm
Absolutely expecting an outside bar today (70% probability that this happens today)!
  • #549,628
  • Edited 11:16pm Sep 22, 2020 11:00pm | Edited 11:16pm
the optimal will be pull back to the pivot line ,
i all ready put pending order at the break of yesterday low if the crooks decide to run away without it.
any way from lo i will sell new hourly low
Attached Image(s) (click to enlarge)
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yes yes yes
  • #549,629
  • Sep 22, 2020 11:13pm Sep 22, 2020 11:13pm
Market movement is very suspicious. So Long or Short? I am still on my plan "Long". Let see where this "B" will going
Pending Stop entered
Attached Image (click to enlarge)
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  • #549,630
  • Sep 23, 2020 12:03am Sep 23, 2020 12:03am
Quoting Moty
the optimal will be pull back to the pivot line , i all ready put pending order at the break of yesterday low if the crooks decide to run away without it. any way from lo i will sell new hourly low {image} {image}
what if your pending order triggers and it pullback to pivot before the sell continues ? that's 60 pips against.
  • #549,631
  • Sep 23, 2020 12:23am Sep 23, 2020 12:23am
Quoting epzero
{quote} what if your pending order triggers and it pullback to pivot before the sell continues ? that's 60 pips against.
better for bears not try to attack the pivot.. i could bring temporary buyers for more pips 100+
but anything can happen,
month is about to close in few days, month balncing can take us to more trips like yeaterday- bottom to top to bottom.
i can see 1.2788 on my chart for possible pullback, not going to bet on it.
  • #549,632
  • Sep 23, 2020 12:49am Sep 23, 2020 12:49am
Today's gonna be a bumpy ride
Attached Image (click to enlarge)
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Time is your friend; impulse is your enemy! - John Bogle
  • #549,633
  • Sep 23, 2020 1:14am Sep 23, 2020 1:14am
And it's go time.
Short position is running.
Entry 1.27106
Sl 1.27300
Tp 1.26200
Will trail stop it on every hourly close
Attached Image (click to enlarge)
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yes yes yes
  • #549,634
  • Sep 23, 2020 1:14am Sep 23, 2020 1:14am
Quoting Moty
the optimal will be pull back to the pivot line , i all ready put pending order at the break of yesterday low if the crooks decide to run away without it. any way from lo i will sell new hourly low {image} {image}
I told you price went under yesterday and now for further declines but this could be fast.
Keep the Lights on then you can catch the rise from the dark.
  • #549,635
  • Sep 23, 2020 1:16am Sep 23, 2020 1:16am
It has to stop somewhere, 1.2280 I guess could be a good support. But maybe too far...
Twitter: Rummer_grapes
  • #549,636
  • Sep 23, 2020 1:16am Sep 23, 2020 1:16am
Yesterday daily candle was the first time from long ago that retraces perfectly in a swing movement in a downtrend.. Maybe it can be the start of real trend trading rather than the hovering at whatever levels and bouncing back in range trading as was for many months now!

No better than swing trading and breakout trading when market does it right in simple flow of motion..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #549,637
  • Sep 23, 2020 1:25am Sep 23, 2020 1:25am
Quoting tomiko
time to sell i think.. smaller lots. cutloss if H1 closed above 1.281
another 60pips bagged.
"If you run, you'll only die tired." - Sniper's philosophy
  • #549,638
  • Sep 23, 2020 1:27am Sep 23, 2020 1:27am
Quoting gatenio
{quote} better for bears not try to attack the pivot.. i could bring temporary buyers for more pips 100+ but anything can happen, month is about to close in few days, month balncing can take us to more trips like yeaterday- bottom to top to bottom. i can see 1.2788 on my chart for possible pullback, not going to bet on it.
we need to kill the buy mentally , this is exactly what happened in march, we should be selling the rally. DXY has broken a key price so cable has more room to the down side.
  • #549,639
  • Sep 23, 2020 1:29am Sep 23, 2020 1:29am
Today retracement @ 1.2790s and down movement might target as low as 1.2570s with caution @1.2650-60s as EU trying to find support @1.1660s, violation of these levels and more slide down coming..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #549,640
  • Sep 23, 2020 1:31am Sep 23, 2020 1:31am
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reaction on monthly fib?
I have no clue where it's going
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