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Cable Update (GBPUSD)

  • #549,661
  • Sep 23, 2020 1:27am Sep 23, 2020 1:27am
Quoting gatenio
{quote} dont count on it..not further
Can't count on it anything can happen in the markets.

But I'd definitely risk small amounts on the way to find out
  • #549,662
  • Sep 23, 2020 1:30am Sep 23, 2020 1:30am
Switched to short again
Tp 1.26200
Sl 1.27100
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 09-23-2020 11.29.35_1.jpg Size: 111 KB
yes yes yes
  • #549,663
  • Sep 23, 2020 1:34am Sep 23, 2020 1:34am
Quoting shahab8b
{quote} GU, staying short in the down trend channel, S @ 1.27, 1.2650. Also, EU is forming a topping pattern, a possible daily close below 1.17 will make the pattern complete and add downside pressure to GU. {image} {image}
GU, I think we're getting close to a potential S zone @ 1.2650.
Attached Image (click to enlarge)
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  • #549,664
  • Sep 23, 2020 1:36am Sep 23, 2020 1:36am
Quoting ricmaj
{quote} i can you compare 25350/25850 which has been the only known base line and the monthly range in which their could be a slight shift. Understand that equilibrium prices have been known to skew when the need arise. So 26 zone cant be the categorical bus stop
1.26 will be bus stop for THIS SEPTEMBER ONLY... price will retake 1.2830/1.2860 area before new round of selling to 1.2480 in October if price doesn't break 1.2884
Data + Stat + Risk/Emotions Management
  • #549,665
  • Sep 23, 2020 1:39am Sep 23, 2020 1:39am
Quoting Moty
Switched to short again Tp 1.26200 Sl 1.27100 {image}
Switched to long again
yes yes yes
  • #549,666
  • Sep 23, 2020 1:43am Sep 23, 2020 1:43am
Quoting shahab8b
{quote} GU, I think we're getting close to a potential S zone @ 1.2650. {image}

yeh..this is what I am see-ing around there, if aforementioned 2669 breaks to downside:

2662-26 prev minor wkly/minor dly sw hi zone =prev res = pot rbs, and within this:
2655 Wkly S2
2652-38/2652-43 prev 4hr sw hi then lo zone
Trader with an Edge.
  • #549,667
  • Sep 23, 2020 1:45am Sep 23, 2020 1:45am
Quoting Moty
{quote} Switched to long again
Fuck*g crooks
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 09-23-2020 11.45.11_1.jpg Size: 110 KB
yes yes yes
  • #549,668
  • Sep 23, 2020 1:47am Sep 23, 2020 1:47am
Quoting shahab8b
{quote} GU, I think we're getting close to a potential S zone @ 1.2650. {image}
2650 is definetly an hot point. High liquidity there.
Attached Image (click to enlarge)
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Twitter: Rummer_grapes
  • #549,669
  • Sep 23, 2020 1:49am Sep 23, 2020 1:49am
Quoting Headland
G/M. Another leg down to 2679 current dly lo in that prev 4hr sw lo zone=prev supp=pot supp to 2673 with mthly s3, dly s1 just below it....and deeper in that prev wkly sw hi zone =prev res=pot supp to 2669.

Nice Dly S1 bounce deep in those zones with the reg bullish div to 1hr. 1hr below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #549,670
  • Sep 23, 2020 2:02am Sep 23, 2020 2:02am
Quoting Boiccoy
{quote} Can't count on it anything can happen in the markets. But I'd definitely risk small amounts on the way to find out
not this week mate
easy math..

but yeah, it could happen, BUT.. you will sell 1.26 this week? so further?
  • #549,671
  • Sep 23, 2020 2:08am Sep 23, 2020 2:08am
Bounce off a key spot
Compulsions can be hard to resist
  • #549,672
  • Sep 23, 2020 2:10am Sep 23, 2020 2:10am
Quoting Georginson
{quote} 1.26 will be bus stop for THIS SEPTEMBER ONLY... price will retake 1.2830/1.2860 area before new round of selling to 1.2480 in October if price doesn't break 1.2884
What happened to your bullish analysis?
Compulsions can be hard to resist
  • #549,673
  • Sep 23, 2020 2:18am Sep 23, 2020 2:18am
this is what I saw until the end of this month
Attached Image (click to enlarge)
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  • #549,674
  • Sep 23, 2020 2:19am Sep 23, 2020 2:19am
Quoting trumps
{quote} What happened to your bullish analysis?
I did advise to go on bull side from 1.2690 to 1.28 area...
Data + Stat + Risk/Emotions Management
  • #549,675
  • Sep 23, 2020 2:26am Sep 23, 2020 2:26am
Quoting Georginson
{quote} I did advise to go on bull side from 1.2690 to 1.28 area...
I mean your long term analysis up to and beyond 1.34 as an uninterrupted bullish run up from current levels.
Now your talking 1.24 area.
Is first analysis no longer valid?
Compulsions can be hard to resist
  • #549,676
  • Sep 23, 2020 2:28am Sep 23, 2020 2:28am
As you can see. D1 has fallen. Now it's just dead cat bounce!
  • #549,677
  • Sep 23, 2020 2:31am Sep 23, 2020 2:31am
Quoting trumps
{quote} I mean your long term analysis up to and beyond 1.34 as an uninterrupted bullish run up from current levels. Now your talking 1.24 area. Is first analysis no longer valid?
I try to break the analysis into segments...

1.34 is still very valid for medium term. This current fall is expected to end at 1.26 level for this September.

October will have a possible low of 1.2480 if price fails to break 1.2884 area.

In summary the lowest this pair can drop to is 1.2660/1.2480 before uninterrupted medium term bounce to 1.3480/1.3640 area in months ahead.
Data + Stat + Risk/Emotions Management
  • #549,678
  • Sep 23, 2020 2:35am Sep 23, 2020 2:35am
The spike is coming
Sl moved to be
Opp's price is above 1.27253 again
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 09-23-2020 12.33.00_1.jpg Size: 123 KB
yes yes yes
  • #549,679
  • Sep 23, 2020 2:35am Sep 23, 2020 2:35am
Quoting datdle
As you can see. D1 has fallen. Now it's just dead cat bounce!

...nice bounce though with hi-prob set-ups from 2min - 1hr as candles closed.
---------------------------------------------
Got through 1st 1hr ppa no probs - but res/supply from 2nd ...see 1hr below. A break upside of last LH on 4hr might alleviate the intraday and longer bearishness ?
---------------------------------------------
Nice little session - finishing here. G/L all.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #549,680
  • Sep 23, 2020 2:41am Sep 23, 2020 2:41am
Quoting Georginson
{quote} I try to break the analysis into segments... 1.34 is still very valid for medium term. This current fall is expected to end at 1.26 level for this September. October will have a possible low of 1.2480 if price fails to break 1.2884 area. In summary the lowest this pair can drop to is 1.2660/1.2480 before uninterrupted medium term bounce to 1.3480/1.3640 area in months ahead.
Ok I understunderstand better thanks.
Compulsions can be hard to resist
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