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Cable Update (GBPUSD)

  • #554,161
  • Oct 21, 2020 8:02am Oct 21, 2020 8:02am
Quoting Headland
{quote} ...there is no reason why not but the probability is heavily against it. Anything can happen.

I don't argue. Absolutely agree with you.

However, if trading was all based on pure logic?!?
Maadik Hugiis. IQ 69.
  • #554,162
  • Oct 21, 2020 8:02am Oct 21, 2020 8:02am
Quoting Moty
{image} {image}
did you stop out?
  • #554,163
  • Oct 21, 2020 8:05am Oct 21, 2020 8:05am
Quoting nessus94
{quote} top is in then? or you see a 250 pips range today?
....mate if I knew the answer to that it would be something...truth is I'm in good company in that I too don't know either ..all we have is probability and when price is this far ' extended ' on one or more metrics then there is historically a good chance of a 'meaningful' pullback/correction at some stage....so I would say that the probability is against ' significant' further upside today but that doesn't mean it won't happen. We just trade what we see.
Trader with an Edge.
  • #554,164
  • Oct 21, 2020 8:18am Oct 21, 2020 8:18am
Quoting Headland
Hello. 123% of 30 day adr [157pip move] so far today compared to yesterday's subdued 68 pip range....not often we see 161.8% extension of the prev day's pip range exceeded. to the up or downside. Upside move has breeched 50% of the total 3482-2675 fall as well as the daily desc t/line.....dly is below showing these and the next upside fib is the 61.8% of that same move @ 3174. {image}
Headland, after ID and NR4, it's no surprise that today GU reached an extension of 2.618 of yesterday's range. As matter of fact, it was expected... the only direction was uncertain.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 10.21.2H.png Size: 115 KB
Always trade your own plan...I don't provide trading signals.
  • #554,165
  • Oct 21, 2020 8:22am Oct 21, 2020 8:22am
drop like a stone from here
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 31 KB
Click to Enlarge Name: dx1.png Size: 32 KB
yes yes yes
  • #554,166
  • Oct 21, 2020 8:28am Oct 21, 2020 8:28am
Come on! Push it higher!
1.3160/70/80 and... Thank You very much!
Attached Image (click to enlarge)
Click to Enlarge Name: iStock-484741593.jpg Size: 682 KB
Maadik Hugiis. IQ 69.
  • #554,167
  • Oct 21, 2020 8:34am Oct 21, 2020 8:34am
Quoting MoneyZilla
Come on! Push it higher!https://cdn-resources.faireconomy.me....png?v=1.0.0.3https://cdn-resources.faireconomy.me....png?v=1.0.0.3https://cdn-resources.faireconomy.me....png?v=1.0.0.3 1.3160/70/80 and... Thank You very much! {image}
Im targeting 3210 and then i can put my feet up and watch netflix
Insane in the Brain..
  • #554,168
  • Oct 21, 2020 8:34am Oct 21, 2020 8:34am
Short zone will be in 3117-3180..... maybe..
Now..?.. push it higheeeeeerrrrr.....
Trade with prediction = witch with her visions lol
  • #554,169
  • Oct 21, 2020 8:41am Oct 21, 2020 8:41am
go go go go higher and higher only.
  • #554,170
  • Oct 21, 2020 9:01am Oct 21, 2020 9:01am
  • #554,171
  • Oct 21, 2020 9:03am Oct 21, 2020 9:03am
Quoting Georginson
{quote} Dumping bearish bias not an incorrect decision as price did a run to 1.3082 area. The clean break of 1.3006 area now adds to bullish credence as far as 1.2819 remains unbroken, price seem set to attack 1.3270 area in the medium term. Buying at 1.28 area for a swing target of 1.32 area is recommended between now till Mid November... Ensure to use good money management and stay patient.
1.3137 did happen, now allow for mild retracement to 1.3000 to attack 1.3270
Data + Stat + Risk/Emotions Management
  • #554,172
  • Oct 21, 2020 9:04am Oct 21, 2020 9:04am
Attached Image (click to enlarge)
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  • #554,173
  • Oct 21, 2020 9:06am Oct 21, 2020 9:06am
200 pips today, more and more?

dollar is impoding it is time to buy crypto and move away from this crap
Make money by doing the opposite of Giveachance aka loser
  • #554,174
  • Oct 21, 2020 9:08am Oct 21, 2020 9:08am
Quoting nessus94
200 pips today, more and more? dollar is impoding it is time to buy crypto and move away from this crap
I think it's more than that..
  • #554,175
  • Oct 21, 2020 9:09am Oct 21, 2020 9:09am
big short 1,3135
Make money by doing the opposite of Giveachance aka loser
  • #554,176
  • Oct 21, 2020 9:09am Oct 21, 2020 9:09am
160% of 30 day adr reached in this 206pip move up (so far?) Great day for the bulls and gives the weekly candle a good chance of closing as a bullish engulfing in 2 days time ?
Trader with an Edge.
  • #554,177
  • Oct 21, 2020 9:10am Oct 21, 2020 9:10am
Quoting Moty
drop like a stone from here {image} {image}
Moty, today DX took out strong support, the decline may continue...just saying...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU 10.21.daily.png Size: 73 KB
Click to Enlarge Name: DX10.21.daily.png Size: 106 KB
Always trade your own plan...I don't provide trading signals.
  • #554,178
  • Oct 21, 2020 9:12am Oct 21, 2020 9:12am
3145 is stop today.

that spike says so
Intraday only.
  • #554,179
  • Oct 21, 2020 9:19am Oct 21, 2020 9:19am
the drop is coming
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 26 KB
yes yes yes
  • #554,180
  • Oct 21, 2020 9:19am Oct 21, 2020 9:19am
Sell limit 31675
Attached Image (click to enlarge)
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