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Cable Update (GBPUSD)

  • #553,061
  • Oct 14, 2020 8:20am Oct 14, 2020 8:20am
Quoting Almo2312
{quote} Nothing sure in life the only sure thing is dead
this one is sure

but its me
Make money by doing the opposite of Giveachance aka loser
  • #553,062
  • Oct 14, 2020 8:21am Oct 14, 2020 8:21am
Something that I'm entertaining as a possibility. If it takes out the high, it will be out of the picture.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 10142.png Size: 50 KB
  • #553,063
  • Oct 14, 2020 8:26am Oct 14, 2020 8:26am
Quoting Wavegarrick
{quote} Hi Guys, From a daily perspective this was a mere pullback. Could this be the impetus that was needed for bulls to come to the fore?. Buy trades entered on the retrace and all locked in. Have a great week, Cheers {image}
I like your patience,good trader indeed.

Cheers buddy
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #553,064
  • Oct 14, 2020 8:27am Oct 14, 2020 8:27am
Quoting shahab8b
Something that I'm entertaining as a possibility. If it takes out the high, it will be out of the picture. {image}
Sniper.

Cheers.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #553,065
  • Oct 14, 2020 8:29am Oct 14, 2020 8:29am
Quoting shahab8b
I had a bad day yesterday. But you can turn things positive if you follow your trading plan. EU setup was posted here along other trades https://www.forexfactory.com/thread/...4#post13211804 What I'm trying to say is that you don't need to be correct all the time. But it requires that you plan your trade and follow the plan with proper risk management. {image} {image}
Good plan .

Cheers.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #553,066
  • Oct 14, 2020 8:31am Oct 14, 2020 8:31am
sell only below 1.3000 if hourly close below. price action is in favour of bullish momentum.
  • #553,067
  • Oct 14, 2020 8:36am Oct 14, 2020 8:36am
180 pips day.

IMO more to come by the end of the month!

I will wait for a pullback before reentering buys.
Patience and Discipline.
  • #553,068
  • Oct 14, 2020 8:42am Oct 14, 2020 8:42am
Quoting VM.
{quote} Your chart is as usual very simple and beautiful. I would not dare arguing with you from a technical perspective, but fundamentals are incredibly bad for pound right now (Brexit crunch time, unemployment, coronavirus => lockdown, negative rate talk). Dollar showed some weakness as well, but it was mainly on the pre-election stimulus hopes which now faded. I can't really see an uptrend continue in such circumstances.
To be honest, I have not figured out how to correlate the fundamentals with the price action and formulate a successful trading plan. As John Maynard Keynes said "the market can stay irrational longer than you can stay solvent". So I do my best and go with the TA. I do, however, pay attention to interest rates forecasts. As they can provide a good long term trade. So if BOE decides to implement negative interest rates, that can have significant impact on the Cable.
  • #553,069
  • Oct 14, 2020 8:44am Oct 14, 2020 8:44am
Quoting epzero
sold 1.303 SL 40pips TP 100pips
So, you finally made a call. I appreciate it, I wish you luck.
  • #553,070
  • Oct 14, 2020 8:48am Oct 14, 2020 8:48am
So....monthly range is around 500 pips normally ( current candle is 250 pips), we have 250 pips left and 2 weeks of games.
so what do you think guys??! do we see first 1.26 or 1.33 ?

https://www.easypolls.net/poll.html?...b09cc6ebea5650
Twitter: Rummer_grapes
  • #553,071
  • Oct 14, 2020 8:51am Oct 14, 2020 8:51am
Quoting KeenPips
See attached. Note the flag pattern and the horizontal resistance mapped by the two magenta horizontal lines. KP {image} {quote}
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 106 KB


I am also looking at GU as forming a flag/channel, as shown in your chart above.

I am seeing GU having broken below the channel, and had a bounce but is still within the channel and still holds possibility of falling.
It has tried to re-take 1.30 a few times since mid September, which I see it as a strong barrier.
I also note that GU is very volatile, and is able to have back-to-back 120pips Daily Bull-Bear-Bull-Bear bar.
(see arrow in my Daily chart below)
A very difficult pair, for smaller TF.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 44 KB

Be prepared for lots of drama, and ""insider"" BREXIT news reports taken from a person "who spoke on condition of anonymity" or "does not wished to be named due to the sensitivity of the subject".
  • #553,072
  • Oct 14, 2020 8:52am Oct 14, 2020 8:52am
the bluff is reviled.
the only way is up.
nice misleading candle yesterday crooks mf
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 21 KB
Click to Enlarge Name: gu2.png Size: 32 KB
Click to Enlarge Name: dx1.png Size: 20 KB
Click to Enlarge Name: eg.png Size: 19 KB
yes yes yes
  • #553,073
  • Oct 14, 2020 8:56am Oct 14, 2020 8:56am
I see cable just start to trading sideways from now, patient waiting valid breakout.
  • #553,074
  • Oct 14, 2020 8:57am Oct 14, 2020 8:57am
An almost 200 pip spike. You see why I mentioned yesterday that this sell was somewhat crooked? Now watch this thing fly like no tomorrow. Imagine the rise. I said yesterday that sellers were too many.
  • #553,075
  • Oct 14, 2020 8:57am Oct 14, 2020 8:57am
Cable is making lot of confusion between 1.2900-1.3100 range. Tight your seat belts as big wave is going to come to break one of those levels now again.
  • #553,076
  • Oct 14, 2020 9:04am Oct 14, 2020 9:04am
Cable gurus, is there any chance to go down? Or it will go up?
Observer effect
  • #553,077
  • Oct 14, 2020 9:06am Oct 14, 2020 9:06am
In my daily chart i see Cable will reach 1.31 1.32 in coming days.... what theeeee... yay... im lurking for opportunity...
Attached Image (click to enlarge)
Click to Enlarge Name: 20201014_210532.jpg Size: 394 KB
Trade with prediction = witch with her visions lol
  • #553,078
  • Oct 14, 2020 9:08am Oct 14, 2020 9:08am
Quoting bale
{quote} So, you finally made a call. I appreciate it, I wish you luck.
lol i made a call in the morning and took 52 pips so beating yourself already. i'm sure your not trading
  • #553,079
  • Oct 14, 2020 9:13am Oct 14, 2020 9:13am
Quoting epzero
{quote} lol i made a call in the morning and took 52 pips so beating yourself already. i'm sure your not trading
It seems that you do have a slight communication disorder. You have to admit that you just lost. No more comments
  • #553,080
  • Oct 14, 2020 9:15am Oct 14, 2020 9:15am
Very wicked daily candle forming. Let's see how it closes, but 200 pip rally from the bottom isn't funny. It's that time when banks go crazy and cause spikes here and there. EU has a date with 1.18 and probably above, which give GU the opportunity to spike again. But I hope it is enough for today and we can get some retrace.

Almost 200 pips. Went short at 3050 with 50 pips stop. Want to bank 50 pips at 3000. This is just a scalp, which may or may not work out.
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