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Cable Update (GBPUSD)

  • #555,221
  • Oct 28, 2020 6:19am Oct 28, 2020 6:19am
Quoting b_hand
{quote} The real magic is the magic number fibo 61.8 on daily and supported by daily close bellow fibo 50.0. We will see 28xxx today
1. share the chart, how did you draw the fib my daily 61.6 at 1.22 zone and 50 1.24
2. you need more the 60 pips more after the 100 we already get.
3. it could be, and it will be, imo not today.
the level i gave is a sell level not a buy target.
he took a buy so i share the highest level i see for now.
  • #555,222
  • Oct 28, 2020 6:20am Oct 28, 2020 6:20am
Quoting Moty
{image}{image}
I think 5 is not over yet.
  • #555,223
  • Oct 28, 2020 6:24am Oct 28, 2020 6:24am
Quoting General Lee
holding my shorts {image}
why hiding lots volume of your orders?) You are merketmaker and trading megalots ? xD
  • #555,224
  • Oct 28, 2020 6:24am Oct 28, 2020 6:24am
I cant see any major reversal/change in direction any time soon, my chart is directing towards 1.2875 immediately, then a retrace and finally continuation of down trend
  • #555,225
  • Oct 28, 2020 6:25am Oct 28, 2020 6:25am
G/M, 50% 2675-3176 reached at today's current lo - just off/@ the steepest asc daily t/line...Dly S2 there too. 100 pip move today so far. 1st potential upside obstacle becomes those swing lo's = prev supp = pot sbr which are on 4hr from 2992 lo - 3015.The ubiquitous fibs in there also. Dly below.
Attached Image (click to enlarge)
Click to Enlarge Name: 38a0cb7ebdb38d4480d7603582822427.png Size: 40 KB
Trader with an Edge.
  • #555,226
  • Oct 28, 2020 6:29am Oct 28, 2020 6:29am
Pullback to 1.3 area would be nice. Not sure if it is happening though. The market was nice enough to pull back higher before Frankfurt/London selloff however, maybe it would do the same for NY traders.
  • #555,227
  • Oct 28, 2020 6:37am Oct 28, 2020 6:37am
...looking closer in than daily, 4hr below shows the steepest asc daily t/line just a few pips below today's current lo with 61.8% of that 2675-3176 move @ 2894. Dly S3 is 2926, with Wkly S1 @ 2900. 20/50/100 ema's are crossed down 5min - 1hr.
Attached Image (click to enlarge)
Click to Enlarge Name: df52d3c14a7b860e92ca1c8673a3e4d1.png Size: 61 KB
Trader with an Edge.
  • #555,228
  • Oct 28, 2020 6:42am Oct 28, 2020 6:42am
As a longer-term trader, I usually have trades on hand every single moment every day, either waiting for price to turn, or run further profit, or waiting to concede defeat and cut loss.

Just now I have managed to closed all trades, and have nothing on hand now.

It is a very liberating feeling!
  • #555,229
  • Oct 28, 2020 6:42am Oct 28, 2020 6:42am
load first intrady buy 1.2965
tp open, no sl
  • #555,230
  • Oct 28, 2020 6:48am Oct 28, 2020 6:48am
Quoting gatenio
load first intrady buy 1.2965 tp open, no sl
Not a day to buy without stop, really. It may rebound, but it may go another 100 pips.
  • #555,231
  • Oct 28, 2020 6:51am Oct 28, 2020 6:51am
Buy @ 1.2955 target 1.3050

Pending buy @ 1.2885 target 1.3050

Stop 1.2855.
Data + Stat + Risk/Emotions Management
  • #555,232
  • Oct 28, 2020 6:54am Oct 28, 2020 6:54am
Quoting VM.
{quote} Not a day to buy without stop, really. It may rebound, but it may go another 100 pips.
100% right, im just waiting for the first bullish 1h, and this is my 4h close in 7 min.. so i am optimistic
  • #555,233
  • Oct 28, 2020 6:57am Oct 28, 2020 6:57am
...testing t/line at the current lo....also 61.8% ext of y/day range
Trader with an Edge.
  • #555,234
  • Oct 28, 2020 6:58am Oct 28, 2020 6:58am
SELL Stop
2954

H4 momentum
M5 timing
in wondering about yourself, you forgot what you came here to be part of
  • #555,235
  • Oct 28, 2020 7:04am Oct 28, 2020 7:04am
Closed of my long from last week. So no net profit however gone long targeting 13050 with sl 12850
Insane in the Brain..
  • #555,236
  • Oct 28, 2020 7:05am Oct 28, 2020 7:05am
Quoting Sobrevals
GBPUSD Daily Charts: It looks like the price wants to drop down to the lower line. If it doesnt break, we have a perfect price for BUY long term. {image}
green line symmetry has a lot of meaning,
those two ups are exactly the same ugly moves in time and distance
Attached Image (click to enlarge)
Click to Enlarge Name: 11GBPUSD-Daily.png Size: 55 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #555,237
  • Oct 28, 2020 7:05am Oct 28, 2020 7:05am
Quoting thevisitor
{quote} after 1.3080 -1.3100 we may see a pullback to 1.2950-30
so here we are
  • #555,238
  • Oct 28, 2020 7:07am Oct 28, 2020 7:07am
Where are the Brexit tweets when bulls need them?
  • #555,239
  • Oct 28, 2020 7:10am Oct 28, 2020 7:10am
Quoting VM.
Where are the Brexit tweets when bulls need them?
Knowing my luck it will be tweets saying no deal is happening lol
Insane in the Brain..
  • #555,240
  • Oct 28, 2020 7:14am Oct 28, 2020 7:14am
dow fell another 500 since yesterday night ,dow has confirmation of its monthly already
On-site guru & also FF member's' psychiatrist, when not drinking tea
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