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Cable Update (GBPUSD)

  • #551,241
  • Oct 5, 2020 4:40am Oct 5, 2020 4:40am
My view
Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 46 KB
  • #551,242
  • Oct 5, 2020 4:44am Oct 5, 2020 4:44am
roller coaster in next few hours. tight your belts with proper stop loss if you are IN.
  • #551,243
  • Oct 5, 2020 4:51am Oct 5, 2020 4:51am
i feel good about my long .
price is above daily open , daily pivot , weekly pivot , the spike is just a matter of time
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 34 KB
yes yes yes
  • #551,244
  • Oct 5, 2020 4:54am Oct 5, 2020 4:54am
Quoting seincard
Personally i will wait until h1 or better h4 close above 1.2958 for long by the way , we have divergence on h1 good luck
h4 too
Twitter: Rummer_grapes
  • #551,245
  • Oct 5, 2020 5:21am Oct 5, 2020 5:21am
I think we are in the big head and shoulder formation! Eur/Gbp double top. Imo!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM10.png Size: 60 KB
Click to Enlarge Name: EURGBPM10.png Size: 52 KB
Time is your friend; impulse is your enemy! - John Bogle
  • #551,246
  • Oct 5, 2020 5:22am Oct 5, 2020 5:22am
My view on USDX
Attached Image (click to enlarge)
Click to Enlarge Name: B9E982DC-1002-4B41-8684-2AFF128F08DE.png Size: 354 KB
  • #551,247
  • Oct 5, 2020 5:24am Oct 5, 2020 5:24am
Quoting b_hand
My view on USDX {image}
Atr stop broken we just need h4 closed 94.00 then long USD
  • #551,248
  • Oct 5, 2020 5:25am Oct 5, 2020 5:25am
looking at the market, nothing has changed since on Friday, it's still ranging awaiting a breakout.
  • #551,249
  • Oct 5, 2020 5:29am Oct 5, 2020 5:29am
Quoting b_hand
{quote} Atr stop broken we just need h4 closed 94.00 then long USD
stop looking at dx , it will mess up your trading.
the correlation is only by 5 %
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 29 KB
yes yes yes
  • #551,250
  • Oct 5, 2020 5:30am Oct 5, 2020 5:30am
Quoting epzero
looking at the market, nothing has changed since on Friday, it's still ranging awaiting a breakout.
Agree Waiting breakout
  • #551,251
  • Oct 5, 2020 5:31am Oct 5, 2020 5:31am
back for long, tp 1.307xx
Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 43 KB
  • #551,252
  • Oct 5, 2020 5:38am Oct 5, 2020 5:38am
Quoting Moty
{quote} stop looking at dx , it will mess up your trading. the correlation is only by 5 % {image}
Im not so sure about 5%. 10/2019 usddx falled, gu rised- 20.2 usdidx falled, gu rised - 31.8 usdidx rised, gu falled - 25.9 usdidx falled, gu rised
Twitter: Rummer_grapes
  • #551,253
  • Oct 5, 2020 5:47am Oct 5, 2020 5:47am
Quoting Bacco
{quote} Im not so sure about 5%. 10/2019 usddx falled, gu rised- 20.2 usdidx falled, gu rised - 31.8 usdidx rised, gu falled - 25.9 usdidx falled, gu rised
So are you suggesting more or less correlation with the dollar index?
  • #551,254
  • Oct 5, 2020 5:49am Oct 5, 2020 5:49am
morning
  • #551,255
  • Oct 5, 2020 5:53am Oct 5, 2020 5:53am
breakout only happened in FOMC

just enjoy the swing for days ahead
  • #551,256
  • Oct 5, 2020 5:54am Oct 5, 2020 5:54am
Another scenario! Trade safe!! Gbp/Usd..... Eur Gbp
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 47 KB
Click to Enlarge Name: EURGBPM15.png Size: 47 KB
Time is your friend; impulse is your enemy! - John Bogle
  • #551,257
  • Oct 5, 2020 5:56am Oct 5, 2020 5:56am
Quoting Viki84
Another scenario! Trade safe!! Gbp/Usd..... Eur Gbp {image} {image}
welcome papa bear
  • #551,258
  • Oct 5, 2020 5:58am Oct 5, 2020 5:58am
Quoting Scotteyy
{quote} So are you suggesting more or less correlation with the dollar index?
Definetly more than 50%
Twitter: Rummer_grapes
  • #551,259
  • Oct 5, 2020 6:06am Oct 5, 2020 6:06am
Quoting Bacco
{quote} Im not so sure about 5%. 10/2019 usddx falled, gu rised- 20.2 usdidx falled, gu rised - 31.8 usdidx rised, gu falled - 25.9 usdidx falled, gu rised
yes usually they opposite to one another
but there are when dx is ranging and gu spike all over the chart , and if you trust the dx those days , you will lose a lot of money .
bottom line , you can trade the gu , only depending on his chart
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 32 KB
yes yes yes
  • #551,260
  • Oct 5, 2020 6:07am Oct 5, 2020 6:07am
30m chart show me a half up a half down ( totally 100pips )
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