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Cable Update (GBPUSD)

  • #555,781
  • Oct 30, 2020 5:31am Oct 30, 2020 5:31am
Now 1.2960 got hit, price failure to base above 1.2960 current high is certain invitation of 1.2850/70 later today.

Also noteworthy that weekly range is 199 pips at the moment and minimum expected is 230 pips, which means there is still at least 31 more pips to break either 1.3078 high or 1.2879 low. 1.2879 looks vulnerable to be broken if price fail to stay above 1.2960 today, bulls may have to wait a little longer.
Data + Stat + Risk/Emotions Management
  • #555,782
  • Oct 30, 2020 5:39am Oct 30, 2020 5:39am
... 20/50/100 ema's across the 5min - daily t/f's are all over the place, 5min crossed up, 15min neutral, 30min, 1hr down, 4hr neutral and daily up. Meantime the 'general' fractal downtrends are still there atm on 1hr/4hr, messy on 1hr though.
Trader with an Edge.
  • #555,783
  • Oct 30, 2020 5:49am Oct 30, 2020 5:49am
nice work bears
Attached Image (click to enlarge)
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twitter: @gettoefl
  • #555,784
  • Oct 30, 2020 5:52am Oct 30, 2020 5:52am
Quoting Georginson
Now 1.2960 got hit, price failure to base above 1.2960 current high is certain invitation of 1.2850/70 later today.
I don't see any indication of this dropping 100 pips from here today...more likely to go up another 100 pips towards 3050. If not today, definitely soon.
Everyone can see the chart, but only a few can actually read it.
  • #555,785
  • Oct 30, 2020 5:58am Oct 30, 2020 5:58am
Quoting kuroro001
{quote} Done with the longs here Patiently waiting to renew selling
i am with you boss
Attached Image (click to enlarge)
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Le$$ I$ More
  • #555,786
  • Oct 30, 2020 5:59am Oct 30, 2020 5:59am
GU, short setups. bearish below 1.3025
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  • #555,787
  • Oct 30, 2020 6:02am Oct 30, 2020 6:02am
Weldone bulls. Great run. Now stand aside
Data + Stat + Risk/Emotions Management
  • #555,788
  • Oct 30, 2020 6:02am Oct 30, 2020 6:02am
Quoting fxmasterdxb
If PA close above 1.2975, then we may say good bye to the bearish trend for some while
Waiting for the 4h candle to close, if above 1.2970/75 then we may see a trend shift
  • #555,789
  • Oct 30, 2020 6:03am Oct 30, 2020 6:03am
eurgbp broke support
be patient
  • #555,790
  • Oct 30, 2020 6:05am Oct 30, 2020 6:05am
... burst of upside momentum takes price to 50% 3080-2880, and upside of 61.8% of y/day's fall. Another 1hr bullish close.....1hr below.
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Trader with an Edge.
  • #555,791
  • Oct 30, 2020 6:06am Oct 30, 2020 6:06am
down down and below from here
Attached Image (click to enlarge)
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yes yes yes
  • #555,792
  • Oct 30, 2020 6:06am Oct 30, 2020 6:06am
TP on my longs.

In with a short 1.2970, TP 1.2940
I play the trade gamble to feed my Porsche addiction.
  • #555,793
  • Oct 30, 2020 6:07am Oct 30, 2020 6:07am
Quoting OnlineAddict
And EG should finally fall below 9000, where it belongs.
From early october.

Looking at the chart...8950-55 might slow stop the drop, for a while.
Everyone can see the chart, but only a few can actually read it.
  • #555,794
  • Oct 30, 2020 6:09am Oct 30, 2020 6:09am
Quoting Georginson
Weldone bulls. Great run. Now stand aside
Now the price can go wherever as I'm out and Happy. Bulls wait to buy lower do not sell too risky.
Data + Stat + Risk/Emotions Management
  • #555,795
  • Oct 30, 2020 6:13am Oct 30, 2020 6:13am
Quoting KiwiTrada
{quote} 129 60 seems to be putting in an effort, sl reduced to spread plus 3 above 129 60 (very cheap) similar to gj 135 32 sl spread plus 3 (cheap as can expect for dragon) could be little early but feel better, prefer cheap entry risks
chit rinse and repeat defending previous hrly high 13 pip sl,s more confident with gj 135 50, but time will tell, monthly last month gu bearish encompassing gj lh with body presently below open, would have preferred ll,s on both but then would be limited opportunity for entry
If you are new to Forex? Say Goodbye to your account!!
  • #555,796
  • Oct 30, 2020 6:17am Oct 30, 2020 6:17am
Quoting gettoefl
nice work bears {image}
Which software do u use for gann?
  • #555,797
  • Oct 30, 2020 6:20am Oct 30, 2020 6:20am
20 pips are left on the way up, but does it have the strength?
Risk Management is of utmost importance!
  • #555,798
  • Oct 30, 2020 6:20am Oct 30, 2020 6:20am
back to pc
pending sell
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  • #555,799
  • Oct 30, 2020 6:21am Oct 30, 2020 6:21am
Quoting kk300
{quote} Which software do u use for gann?
pencil and paper -- all lines drawn by me
twitter: @gettoefl
  • #555,800
  • Oct 30, 2020 6:22am Oct 30, 2020 6:22am
Attached Image (click to enlarge)
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yes yes yes
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