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Cable Update (GBPUSD)

  • #551,741
  • Oct 7, 2020 8:27am Oct 7, 2020 8:27am
Quoting okanemici
Continuous dumping of GU down to 1.2850.That's fake as heaven. Dollar is finished. And my chart says today's lowest dip 1.2850 again is the last buying opportunity. Mark my words for tomorrow.
Agreed with you, 1.308xx is my target (fibo monthly 50% )
  • #551,742
  • Oct 7, 2020 8:29am Oct 7, 2020 8:29am
Quoting epzero
wow what a drop crazy pair
Trump woke up?
  • #551,743
  • Oct 7, 2020 8:34am Oct 7, 2020 8:34am
Quoting meborn2win
{quote} Trump woke up?
  • #551,744
  • Oct 7, 2020 8:34am Oct 7, 2020 8:34am
Quoting HBN08
{quote} Damn the short term is real why i dint had at least a 0.1 lot damn
I've closed for today. That drop just shot my Equity to over $400 from a little over $300.
Sometimes, it's good to take deadly risks. lol
I would call that drop a miracle.
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  • #551,745
  • Oct 7, 2020 8:35am Oct 7, 2020 8:35am
Quoting Moty
Who called home ? I know it wasn't Donald Because dx is still sleeping but what a drop. To 1.28450 , 10 pip from my first tp New hourly low, sell that sucker {image} {image}
is that bear trap?

spike on EG , not good for short maybe !!
  • #551,746
  • Oct 7, 2020 8:36am Oct 7, 2020 8:36am
Time to fly..
Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 50 KB
  • #551,747
  • Oct 7, 2020 8:36am Oct 7, 2020 8:36am
Quoting seincard
{quote} is that bear trap?
Nooooooo
Trade with prediction = witch with her visions lol
  • #551,748
  • Oct 7, 2020 8:39am Oct 7, 2020 8:39am
what sort of market is this ???
  • #551,749
  • Oct 7, 2020 8:39am Oct 7, 2020 8:39am
Quoting pipfarm
{quote} Bingo closed perfectly mass of divergence on the hourly low , momentum rising mas pointing up, how many more clues do we need
pipfarm, there is still the chance that the full target of the AB=CD pattern will be reached...this scenario is not invalidated yet...just saying
Attached Image (click to enlarge)
Click to Enlarge Name: GU 10.07.60M.png Size: 128 KB
Always trade your own plan...I don't provide trading signals.
  • #551,750
  • Oct 7, 2020 8:40am Oct 7, 2020 8:40am
Imho
1.28 today/tomorrow.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #551,751
  • Oct 7, 2020 8:41am Oct 7, 2020 8:41am
Quoting seincard
m15 1.2895 add sold
closed +24 pips

another short still open from 1.2860 ...
  • #551,752
  • Oct 7, 2020 8:41am Oct 7, 2020 8:41am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 33 KB
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #551,753
  • Oct 7, 2020 8:44am Oct 7, 2020 8:44am
Quoting Almo2312
Imho 1.28 today/tomorrow.
Nice prediction.
  • #551,754
  • Oct 7, 2020 8:50am Oct 7, 2020 8:50am
Quoting Coreg2004
{quote} pipfarm, there is still the chance that the full target of the AB=CD pattern will be reached...this scenario is not invalidated yet...just saying {image}

Yes of course it could , no matter i am well placed for my stop below the support that was my target for my short and if the next hourly close is below 2890 then im out anyway.

My preference would still be for shorts but as the daily broke down with only a single swing from experience i know usually there will be a retest at the top that was broken down , what in elliott wave terms is the b or wave 2 always a nasty wave hence the spikes earlier. Not what i would usually trade but thought i would try something different today with some of the profit from the earlier short win.
Follow The Markets Structure - Patience and Discipline
  • #551,755
  • Oct 7, 2020 8:51am Oct 7, 2020 8:51am
donald , i need a hero
Attached Image (click to enlarge)
Click to Enlarge Name: dx1.png Size: 29 KB
yes yes yes
  • #551,756
  • Oct 7, 2020 8:51am Oct 7, 2020 8:51am
had a good 100 pip day.
Was also ready to short again.
But im seeing reversal signs.
it could still fall but be vigilant.

if price closes above 2894 on M5 i might take some longs.
in wondering about yourself, you forgot what you came here to be part of
  • #551,757
  • Oct 7, 2020 8:55am Oct 7, 2020 8:55am
Quoting epzero
what sort of market is this ???
I call it the fake dumping, aka big long opportunity
  • #551,758
  • Oct 7, 2020 9:00am Oct 7, 2020 9:00am
Quoting dimitricss
{quote} Nooooooo
yessss
ready for more down
  • #551,759
  • Oct 7, 2020 9:01am Oct 7, 2020 9:01am
Quoting pipfarm
{quote} Yes of course it could , no matter i am well placed for my stop below the support that was my target for my short and if the next hourly close is below 2890 then im out anyway. My preference would still be for shorts but as the daily broke down with only a single swing from experience i know usually there will be a retest at the top that was broken down , what in elliott wave terms is the b or wave 2 always a nasty wave hence the spikes earlier. Not what i would usually trade but thought i would try something different today with some of...
I know you trade with the plan...
Always trade your own plan...I don't provide trading signals.
  • #551,760
  • Oct 7, 2020 9:01am Oct 7, 2020 9:01am
I would wait for tomorrow to see closing price, if the price hold , it's nice to buy, however it's not good position to short at this low level imo
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