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Cable Update (GBPUSD)

  • #552,841
  • Oct 13, 2020 12:15pm Oct 13, 2020 12:15pm
Quoting Marcieny
{quote} Besides that Many people also need to rest their minds, I have a month without trades that happily open the chart today and it seems that I haven't lost the dollar's high yet. I am waiting if they will hunt for stop loss before the elections.
wait for 2 more months.

you will never loose.

Intraday only.
  • #552,842
  • Oct 13, 2020 12:18pm Oct 13, 2020 12:18pm
Quoting navk
{quote} wait for 2 more months. you will never loose.
  • #552,843
  • Oct 13, 2020 12:19pm Oct 13, 2020 12:19pm
Quoting knkie
{quote} im wondering why you did not wait fot a third touch of the TL? isnt that a more powerful option?
I was thinking today's move was probably done as today's range reached 100% of the ADR. One can also look at 1.2930 the confluence of the TL and fib 0.382
  • #552,844
  • Oct 13, 2020 12:26pm Oct 13, 2020 12:26pm
Quoting shahab8b
{quote} I was thinking today's move was probably done as today's range reached 100% of the ADR. One can also look at 1.2930 the confluence of the TL and fib 0.382
got it
thanx ...
that makes sense

price is indeed stalling at this level 55
thats pretty precise on your part
in wondering about yourself, you forgot what you came here to be part of
  • #552,845
  • Oct 13, 2020 12:27pm Oct 13, 2020 12:27pm
where is all wave calculator, they are buying from 1.2995. That wave doesn't work in the real world.
MA provides the market's current direction and strength.
  • #552,846
  • Oct 13, 2020 12:30pm Oct 13, 2020 12:30pm
Tomorrow it should rise a bit an get smacked down again. But Thursday and Friday I wouldnt bet on further falls. Still too many selling that I think a spike can happen. I joined the sell train on GJ and made some good pips and money.
  • #552,847
  • Oct 13, 2020 12:34pm Oct 13, 2020 12:34pm
The market is not done yet.
MA provides the market's current direction and strength.
  • #552,848
  • Oct 13, 2020 12:36pm Oct 13, 2020 12:36pm
Hello all, i am new here. let me post my prediction for long term ( week ).

Now price is in a key point a support. My will is the cable to go upside and the reason, all indicators make people thing is going down , but market has been pushed hard by big whales and thats why i see a bull here ( for me is manipulated as before year end we need to see a certain level ), my objective is 132 before month end.

The other scenario is that cable will fall further and will take a breath after that (as today has been exhausted ) to recover to todays level ( arround 129,50 ) before the continuation of the fall till 125 level.

For me both scenarios are 50/50 but i have taken a long righ now and lets see what market wants.

So for how many of you that take long positions this scenario seems correct?
  • #552,849
  • Oct 13, 2020 12:38pm Oct 13, 2020 12:38pm
For longs to resume we would need to see the shorter term trend resuming in this case the 1hour


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 63 KB



The swing reversal is clear , looking at the short term trend swings but by no means are longs done yet

IMHO any attempt to long before the short term trend resumes , if it does at all, would be futile
Follow The Markets Structure - Patience and Discipline
  • #552,850
  • Oct 13, 2020 12:44pm Oct 13, 2020 12:44pm
Now easy to sell much more
  • #552,851
  • Oct 13, 2020 12:45pm Oct 13, 2020 12:45pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 57 KB
MA provides the market's current direction and strength.
  • #552,852
  • Oct 13, 2020 12:47pm Oct 13, 2020 12:47pm
Quoting shahab8b
GU, going long here @ 1.2955, sl 20
sl hit -20
  • #552,853
  • Oct 13, 2020 12:48pm Oct 13, 2020 12:48pm
SHORT TP 1.29294
  • #552,854
  • Oct 13, 2020 12:57pm Oct 13, 2020 12:57pm
Quoting hasib
The market is not done yet.
For the NYC session it probably is. I'm holding short as I am a swing trader.
...because you never know - until you do!
  • #552,855
  • Oct 13, 2020 1:02pm Oct 13, 2020 1:02pm
A high is a high, will the low be reached mmm?

Time,
Attached Image (click to enlarge)
Click to Enlarge Name: 18100ED2-5573-4C82-81FC-1AFB1AA7FB69.jpeg Size: 220 KB
Learn, a forex trader must, unlearn and relearn he will.
  • #552,856
  • Oct 13, 2020 1:03pm Oct 13, 2020 1:03pm
This move looks impulsive. It made me thinking the whole messy uptrend in the last 2 weeks was probably just a correction.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 1013.png Size: 46 KB
  • #552,857
  • Oct 13, 2020 1:04pm Oct 13, 2020 1:04pm
Quoting greengp
short tp 1.29294
done the job by the way what was the spirit for bulls just a day before something like that . Show the same bull spirit man
  • #552,858
  • Oct 13, 2020 1:05pm Oct 13, 2020 1:05pm
Quoting greengp
{quote} done the job by the way what was the spirit for bulls just a day before something like that . Show the same bull spirit man
NOW GO FOR 1.28977
  • #552,859
  • Edited 1:17pm Oct 13, 2020 1:06pm | Edited 1:17pm
let's support this 1.29211
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: gu3.png Size: 39 KB
yes yes yes
  • #552,860
  • Oct 13, 2020 1:11pm Oct 13, 2020 1:11pm
Quoting shahab8b
This move looks impulsive. It made me thinking the whole messy uptrend in the last 2 weeks was probably just a correction. {image}
it seems to have done little too much today
Intraday only.
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