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Cable Update (GBPUSD)

  • #552,241
  • Oct 9, 2020 8:53am Oct 9, 2020 8:53am
Quoting Bones
slow motion car crash, wait for next signal in this one ,or bones black line?won't be moved again {image}
Break the black line sir....
Trade with prediction = witch with her visions lol
  • #552,242
  • Oct 9, 2020 8:53am Oct 9, 2020 8:53am
Loose some, flip some but bottom line won some.

Cheers and nice weekend all.
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Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #552,243
  • Oct 9, 2020 8:55am Oct 9, 2020 8:55am
Quoting okanemici
{quote} Now we have it, 1.3010. If it smashes 1.3020 I am not selling, it might see 1.3070 today.
I covered my long trade but I won't go short as of now, maybe after 1:30 pm NY time
Always trade your own plan...I don't provide trading signals.
  • #552,244
  • Oct 9, 2020 8:58am Oct 9, 2020 8:58am
Quoting Moty
{image}
Heeemmmmm double top
Trade with prediction = witch with her visions lol
  • #552,245
  • Oct 9, 2020 9:11am Oct 9, 2020 9:11am
hmm.. interesting.. if we have rejection now.. we will have another ranging price next week.. lets see.. 1 hour before close 4H candle..
Trade what you see, not what you think.. react and stay sharp..
  • #552,246
  • Oct 9, 2020 9:30am Oct 9, 2020 9:30am
S2 rejection doesn’t look as if it’s happening. Will wait and till 6.30 Uk time and decide if I pull out.
Insane in the Brain..
  • #552,247
  • Oct 9, 2020 9:33am Oct 9, 2020 9:33am
Does anyone think the tighter lockdown restrictions in the north uk will cause a spike down? Im in limbo I think Monday opening is either going to have a huge spike up or down
  • #552,248
  • Oct 9, 2020 9:36am Oct 9, 2020 9:36am
Quoting Coreg2004
{quote} I covered my long trade but I won't go short as of now, maybe after 1:30 pm NY time
seems like an inverse head and shoulder pattern on H4 somewhat
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  • #552,249
  • Oct 9, 2020 9:36am Oct 9, 2020 9:36am
Today

sell area

1.3037
1.3072
  • #552,250
  • Oct 9, 2020 9:39am Oct 9, 2020 9:39am
Quoting shahab8b
Well, I have a clear bearish bias atm as long as it stays below 1.30. But trying to be unbiased. Looking at the weekly line chart. If we do get a weekly bullish close (preferably above 1.30), this could be a W pattern. {image}
The weekly close will be very bullish. I think it formed a W pattern. This is no longer a short based on daily or weekly chart.
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  • #552,251
  • Oct 9, 2020 9:41am Oct 9, 2020 9:41am
Quoting LilPiip
Does anyone think the tighter lockdown restrictions in the north uk will cause a spike down? Im in limbo I think Monday opening is either going to have a huge spike up or down
I think it will play more of a factor is there are further lockdowns throughout the country. I think Brexit will play more into the Monday readings. I’m hoping for a retrace before close towards 1.3 but can’t see it happening
Insane in the Brain..
  • #552,252
  • Oct 9, 2020 9:42am Oct 9, 2020 9:42am
Quoting pipcenturion
{quote} seems like an inverse head and shoulder pattern on H4 somewhat {image}
pipcenturion, the right shoulder is higher than I would like but it also says that big players were impatient to get into the trade...close above neckline will be a good sign for bulls...
Always trade your own plan...I don't provide trading signals.
  • #552,253
  • Oct 9, 2020 9:43am Oct 9, 2020 9:43am
Quoting ZTrader123
With us being this close to 1.3 and a hard bounce off demand zone at 1.285, were probs gonna hit 1.3 The demand zone at 1.285 showed where the markets direction is up atleast for another few days because there are obviously buyers adding to their position at that price. They also defended 1.29 today pretty well. Also the price action around the 1.27 level showed heavy accumulation of longs so we could go higher than 1.3 My guess is somewhere around 1.315 to maybe even 1.33. All of this guesswork will be eliminated if tomorrow ends selling, then...

This may play out
Supply and demand trading, does it work?
  • #552,254
  • Oct 9, 2020 9:51am Oct 9, 2020 9:51am
3030 halt for today.

IMO
Intraday only.
  • #552,255
  • Oct 9, 2020 9:53am Oct 9, 2020 9:53am
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Maadik Hugiis. IQ 69.
  • #552,256
  • Oct 9, 2020 9:54am Oct 9, 2020 9:54am
Quoting ZTrader123
{quote} This may play out Supply and demand trading, does it work?
Of course not.

Do you see everyone is millionaire here??
Beware of robber banks (RB), bad advisors.
  • #552,257
  • Oct 9, 2020 9:55am Oct 9, 2020 9:55am
Quoting Wavegarrick
{quote} Hi Guys, I can definitely foresee a possible test of my weekly res 1 at 1.30212. Here's the thing. A break above my 4 Hr 240 Lwma at 1.29595 officially puts me back in bull territory. Could we see a run-up from here?. Anyway early days and anything can happen. All surviving trades from last week's slow monotonous pace locked in. Have a great week, Cheers. {image}
Hi Guys,
A week of conflicting signals for me, definitely not one of my better weeks. I have taken profits and I have taken losses. At the beginning of this week it seemed that I could be in for a nice continuation to the upside only to turn into a swing reversal to the downside with daily lower lows and highs which changed my view to more bearish with my cyclic indicators confirming. It does not happen too often that my cyclic views are broken, but this week the market got the better of me. Having taken buy trades today seemed a 50/50 call and not something I like to publish, however it turned out for the good. We are at my weekly res 1 at 1.30212. A close above 1.300000 should be good for bulls.

Have a great weekend
Cheers
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Trade to trade another day
  • #552,258
  • Oct 9, 2020 9:55am Oct 9, 2020 9:55am
Logic works NOT technical fun

Quoting Not-KPMG
{quote} Bones Respect.

But they'll spike this line 1.2970-90 and you can bet your shirt on that. Why??? Obviously ....
Ohhhh

I was right

Was 2930 when I posted.. .. Nice.

More lies , more spikes... Stocks.... Stimulus ..
Beware of robber banks (RB), bad advisors.
  • #552,259
  • Oct 9, 2020 9:56am Oct 9, 2020 9:56am
Quoting Almo2312
Closed my lossing long and short 1.29 for 100
How's that short from 1.29 doing
.
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Beware of robber banks (RB), bad advisors.
  • #552,260
  • Edited 10:24am Oct 9, 2020 9:57am | Edited 10:24am
Quoting navk
3030 halt for today. IMO
I won't advise that longs be closed until end of day.

What I have observed is that whenever we have a failure to revert to the Volume Adjusted Price after trading 3 standard deviations above the Volume Adjusted Price, the movement will be one way and completely unhindered at least until the close of that trading day.

This is what we are having on the cable today.
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