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Cable Update (GBPUSD)

  • #551,821
  • Oct 7, 2020 12:39pm Oct 7, 2020 12:39pm
Quoting pipfarm
IMHO for FOMC we will see price up at 2970 ish then accumulation for the short overnight must test 2770 daily old support which became resistance before going up again to test 3250 As always price action structure will show the way so be patient and follow your plan
pipfarm, what is so significant with the 1.2770 level? what I am missing?
edit; besides it's the target for AB=CD
Always trade your own plan...I don't provide trading signals.
  • #551,822
  • Oct 7, 2020 12:56pm Oct 7, 2020 12:56pm
i will short at R1.

If it rises there.

No chasing of trades.
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Intraday only.
  • #551,823
  • Oct 7, 2020 12:57pm Oct 7, 2020 12:57pm
Quoting navk
i will short at R1. If it rises there. No chasing of trades. {image}
FOMC Meeting Minutes in 3min
  • #551,824
  • Oct 7, 2020 1:00pm Oct 7, 2020 1:00pm
Quoting epzero
{quote} FOMC Meeting Minutes in 3min
where to watch u know?
  • #551,825
  • Oct 7, 2020 1:03pm Oct 7, 2020 1:03pm
Quoting Coreg2004
{quote} pipfarm, what is so significant with the 1.2770 level? what I am missing? edit; besides it's the target for AB=CD

It is the closing price of the lower high peak to the left of the 3006 high, i always use closing prices as that is what the markets seem to prefer
Follow The Markets Structure - Patience and Discipline
  • #551,826
  • Oct 7, 2020 1:04pm Oct 7, 2020 1:04pm
Quoting HBN08
{quote} where to watch u know?
i think market is done for today, i don't see any high volume in the market anymore
  • #551,827
  • Oct 7, 2020 1:06pm Oct 7, 2020 1:06pm
Quoting epzero
{quote} i think market is done for today, i don't see any high volume in the market anymore
Yes probably i have sells well protected...
Just want to see but cant find where..
I like controversial comedy
  • #551,828
  • Oct 7, 2020 1:09pm Oct 7, 2020 1:09pm
hmmm some interesting setups pending
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  • #551,829
  • Oct 7, 2020 1:13pm Oct 7, 2020 1:13pm
M5
Bought

atb vvm
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PA Trading with EMAs & common Sense
  • #551,830
  • Oct 7, 2020 1:19pm Oct 7, 2020 1:19pm
Looking at the daily pattern...if this thing breaks 3000 and stays above, it will not stop easily...2 more days in the week, lets see who wins, bears or bulls...bears need a break below 2700, though...
Everyone can see the chart, but only a few can actually read it.
  • #551,831
  • Oct 7, 2020 1:31pm Oct 7, 2020 1:31pm
Market went into comma mode, bless its soul
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #551,832
  • Oct 7, 2020 1:43pm Oct 7, 2020 1:43pm
Quoting ChiForex
Market went into comma mode, bless its soul
  • #551,833
  • Oct 7, 2020 1:55pm Oct 7, 2020 1:55pm
Quoting pipfarm
{quote} Whats your target for your longs from 2850?, im going for the 2950 area but letz see how price develops
I expect 1.3070 slight retrace then 1.32 33 then another bigger retrace. That would be an higher high again.
  • #551,834
  • Oct 7, 2020 1:56pm Oct 7, 2020 1:56pm
For whatever reason, I entered the market again and finally, my -$13. whatever is now +$95.47
I have two shorts which when tp at 1.2887 will raise that to +$100 or a little above.
I give God the glory .
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  • #551,835
  • Oct 7, 2020 1:58pm Oct 7, 2020 1:58pm
Quoting Kanizaro
For whatever reason, I entered the market again and finally, my -$13. whatever is now +$95.47 I have two shorts which when tp at 1.2887 will raise that to +$100 or a little above. I give God the glory . 37597103759710
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  • #551,836
  • Oct 7, 2020 2:22pm Oct 7, 2020 2:22pm
It seems to be preparing very slowly for a good drop

Let's see
  • #551,837
  • Oct 7, 2020 2:33pm Oct 7, 2020 2:33pm
I think price is going to drop from 1.291 to 1.28000 soon
  • #551,838
  • Oct 7, 2020 2:40pm Oct 7, 2020 2:40pm
Quoting seincard
It seems to be preparing very slowly for a good drop Let's see
daily hidden bearish div for the euro
maybe gbp to be dragged down as well

i don't like the current gbp buying off 2850 though. Lets see what tomorrow brings
COT: The precious data ignored
  • #551,839
  • Oct 7, 2020 3:01pm Oct 7, 2020 3:01pm
Quoting kuroro001
{quote} daily hidden bearish div for the euro maybe gbp to be dragged down as well i don't like the current gbp buying off 2850 though. Lets see what tomorrow brings
A lot more bearish on the euro for me, first target at 1.14.
  • #551,840
  • Oct 7, 2020 3:30pm Oct 7, 2020 3:30pm
Took 50 $ ִ loss switched to long
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yes yes yes
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