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Cable Update (GBPUSD)

  • #550,021
  • Sep 25, 2020 4:03am Sep 25, 2020 4:03am
Shorting the London liquidity pull, it's Friday and GBP holders will be running for the door, this can get ugly
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  • #550,022
  • Sep 25, 2020 4:05am Sep 25, 2020 4:05am
Quoting Almo2312
{quote} its just those days of non vol and lot of fakes
True, intraday is very low in term of volatility (high/low moves), we can see it with the 2 doji on daily

But something i can't ignore is the increase of volume (activity).

Volume wednesday and thursday (on the 2 small doji) are bigger than volume on monday and tuesday (2 big down days)

It tells me this is consolidation down there, buyers are preventing a fall. But it looks inevitable at the end
COT: The precious data ignored
  • #550,023
  • Sep 25, 2020 4:08am Sep 25, 2020 4:08am
Posted last week end, warning of USD big rise coming

https://www.forexfactory.com/thread/...8#post13173648

Now the week is almost over, lets see what they have done this current week
COT: The precious data ignored
  • #550,024
  • Sep 25, 2020 4:09am Sep 25, 2020 4:09am
bar medun gari munggah
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  • #550,025
  • Sep 25, 2020 4:11am Sep 25, 2020 4:11am
At 2735 I will exit my short. I don't want to risk a bounce there.
  • #550,026
  • Sep 25, 2020 4:14am Sep 25, 2020 4:14am
Quoting Wavegarrick
{quote} Hi Guys, As a pivot trader, confluence of my weekly support 2 at 1.26939 and my monthly support 3 at 1.26838 usually enough for me to go aggressive without my usuall confirmation signals. It is working out so far. I do not have confirmation buy signals yet with my system, but so far looking positive. I take it as it comes. Trade safe, Cheers. {image}
Hi Guys,
I have entered buy trades on the retrace back to my round number 1.27500 and daily open.
I have full buy confirmation signals from a 4hr point of view.
Trade safe
Cheers.
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Trade to trade another day
  • #550,027
  • Sep 25, 2020 4:16am Sep 25, 2020 4:16am
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yes yes yes
  • #550,028
  • Sep 25, 2020 4:26am Sep 25, 2020 4:26am
Quoting Wavegarrick
{quote} Hi Guys, I have entered buy trades on the retrace back to my round number 1.27500 and daily open. I have full buy confirmation signals from a 4hr point of view. Trade safe Cheers. {image}
Hi Wavegarrick,

Can you share, what is the name of the arrow indicator on your chart?

It seems very useful for trend analysis.
  • #550,029
  • Sep 25, 2020 4:27am Sep 25, 2020 4:27am
Quoting Moty
{image}
Let's touch the channel bottom then I will join you for a possible spike upwards.
  • #550,030
  • Sep 25, 2020 4:31am Sep 25, 2020 4:31am
Bulls defended well @ 1.267ish but the watch bears at the Minor Resistance
couldnt wait to react for another down run. 1.27000 calling.
Lets see how 1.27340 plays it out.
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Keep the Lights on then you can catch the rise from the dark.
  • #550,031
  • Sep 25, 2020 4:31am Sep 25, 2020 4:31am
Quoting Mitiblotch
{quote} Let's touch the channel bottom then I will join you for a possible spike upwards.
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yes yes yes
  • #550,032
  • Sep 25, 2020 4:34am Sep 25, 2020 4:34am
Quoting msniper
now i see 1.2780 to 1.2820 is a possible short area to target new low new low suggested 1.2350 to 1.2470
nice rejection
  • #550,033
  • Sep 25, 2020 4:39am Sep 25, 2020 4:39am
Quoting Moty
{quote} {image}
You have pivots on why do you buy right before resistance?
  • #550,034
  • Sep 25, 2020 4:44am Sep 25, 2020 4:44am
G/M...a fractal swing LL now on the daily (2 x LH's and this LL now) - created by close of yesterday's daily candle. This London morning - the move up to the 38.2% of the 3007-2675 move where price encountered supply - current daily hi 2805. Steepest 1hr asc t/line now breeched to the downside.. 1hr below. 2 x HH's and 3 x HL's now on 4hr...zone down to last HL being tested now.
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Trader with an Edge.
  • #550,035
  • Sep 25, 2020 4:46am Sep 25, 2020 4:46am
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yes yes yes
  • #550,036
  • Sep 25, 2020 4:51am Sep 25, 2020 4:51am
Quoting VM.
{quote} Shorted at 1.2775 again, SL 40 pips for now.
Moved SL to BE. I see two scenarios for today: 1) ranging continues; 2) aggressive drop. I don't think we will breach 1.28 again. The fact that we broke resistance in an obvious bull trap / stop-hunt (and behaviour of other dollar pairs) gives me bias for 2, but we'll see.
  • #550,037
  • Sep 25, 2020 4:54am Sep 25, 2020 4:54am
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yes yes yes
  • #550,038
  • Sep 25, 2020 4:58am Sep 25, 2020 4:58am
Safe to take a buy here at 1.2725 area ....

If price falls further to 1.2690 ... Take second buy


Target 1.2800.

Trade with caution.
Data + Stat + Risk/Emotions Management
  • #550,039
  • Sep 25, 2020 5:00am Sep 25, 2020 5:00am
...5th consecutive 30min bearish close...
Trader with an Edge.
  • #550,040
  • Sep 25, 2020 5:01am Sep 25, 2020 5:01am
Quoting gettoefl
sorry but have to take out all you bears before the real move {image}
took out the bears as indicated now let us take out bulls
twitter: @gettoefl
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