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Cable Update (GBPUSD)

  • #571,401
  • Jan 12, 2021 3:39am Jan 12, 2021 3:39am
Quoting detector
{quote} JB, I'm a fan of a higher price LOL, have said in previous posts, but think we're still down before hand, could be wrong, could be totally off the mark but say around 1.33xxx, D
I understand the retrace idea. I’d say 1.32 and a bit below to creat yearly low...... But (a big BUT) we have to finish a few things up north FIRST..

I don’t think we have the RES to create yearly low yet.

Until then, I sub to buying only
SS
  • #571,402
  • Jan 12, 2021 3:41am Jan 12, 2021 3:41am
Quoting JayBag
A H1 close above 1.35935, bears should be extremely worried. Thats above the main setup from last week that didn’t happen.. Paying attention to that handle for a swift continuation.. SS
I think price needs to come back to 1.35305 or slightly lower before more buying will happen.
  • #571,403
  • Jan 12, 2021 3:44am Jan 12, 2021 3:44am
Cable sitting nicely at 1.35875 (Daily R2)

Always consider your pivot lines
when you can accurately predict the future, you leave nothing to chance.
  • #571,404
  • Jan 12, 2021 3:45am Jan 12, 2021 3:45am
Quoting pipcenturion
{quote} I think price needs to come back to 1.35305 or slightly lower before more buying will happen.
Fair enough. However, the moment we close this current hour or any H1 above 1.35935, that’s out of the board.

A close above thar handle triggers bull’s father
Lets see
SS
  • #571,405
  • Jan 12, 2021 3:47am Jan 12, 2021 3:47am
Quoting fxmasterdxb
{quote} PA is in consolidation mode, close above 58 would trigger bull move and close below 38 would trigger bear move, for me the probability of going south is much higher than north, let see
Congrats moty, you were on the correct side
i got stopped out at BE, looking to re-enter short @ 1.36, maybe a little lower
  • #571,406
  • Jan 12, 2021 3:51am Jan 12, 2021 3:51am
Quoting JayBag
{quote} Fair enough. However, the moment we close this current hour or any H1 above 1.35935, that’s out of the board. A close above thar handle triggers bull’s father Lets see SS
A close above 1.3605 is certainly bullish signal, anyway im sticking to my plan and will short 1.36 with tight stops
  • #571,407
  • Jan 12, 2021 3:51am Jan 12, 2021 3:51am
If imminent rise meaning bull get help from BOE Deputy Governor Ben Broadbent speaks
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #571,408
  • Jan 12, 2021 3:54am Jan 12, 2021 3:54am
Quoting gettoefl
{quote} same! am long 135 tp 138 sl 100, this is gonna be a beauty
stop to be 135
twitter: @gettoefl
  • #571,409
  • Jan 12, 2021 3:55am Jan 12, 2021 3:55am
Cable looking good this morning, will wait for the break again of 3625 with a close above this time and maybe a retest before pulling the trigger ( the retest will allow for a smaller stop)

W1 impulse with D1 minor waves subdividing on 4H with entry


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 37 KB
Follow The Markets Structure - Patience and Discipline
  • #571,410
  • Jan 12, 2021 3:55am Jan 12, 2021 3:55am
Quoting fxmasterdxb
{quote} A close above 1.3605 is certainly bullish signal, anyway im sticking to my plan and will short 1.36 with tight stops
Sell is triggered @ 1.3602, SL 1.3640 and TP is the same 1.3370
  • #571,411
  • Jan 12, 2021 3:56am Jan 12, 2021 3:56am
Quoting gespiri
I'll buy at the retest with SL 1.344, TP 1.3600 (at least) for the week.
Unlike many who post after the fact, you called the bottom in real time yesterday (it wasn't the first time either).

Definitely, you've got skills.
  • #571,412
  • Jan 12, 2021 3:58am Jan 12, 2021 3:58am
yes yes yes !!!
all out !!!
now waiting for a set up for short , but carefully
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 35 KB
Click to Enlarge Name: gu2.png Size: 59 KB
yes yes yes
  • #571,413
  • Jan 12, 2021 3:59am Jan 12, 2021 3:59am
Sell 1.3598 target 1.3505.
Data + Stat + Risk/Emotions Management
  • #571,414
  • Jan 12, 2021 3:59am Jan 12, 2021 3:59am
Quoting fxmasterdxb
{quote} A close above 1.3605 is certainly bullish signal, anyway im sticking to my plan and will short 1.36 with tight stops
I have 1.35935. Please apply caution with shorts if we get a close above the mentioned level.

Take care
  • #571,415
  • Jan 12, 2021 4:00am Jan 12, 2021 4:00am
first sell 1.3600
Make money by doing the opposite of Giveachance aka loser
  • #571,416
  • Jan 12, 2021 4:02am Jan 12, 2021 4:02am
Quoting JayBag
A H1 close above 1.35935, bears should be extremely worried. Thats above the main setup from last week that didn’t happen.. Paying attention to that handle for a swift continuation.. SS
Thats it, Papa Bull is up.
  • #571,417
  • Jan 12, 2021 4:02am Jan 12, 2021 4:02am
Bears in trouble
Technically, if bears are not able to defend 1.37 we will see 1.40 before the end of January. Just after that target bears can gain power again and take the Cable at 1.24 (weekly chart looks clear)
  • #571,418
  • Jan 12, 2021 4:03am Jan 12, 2021 4:03am
Quoting Moty
yes yes yes !!! all out !!! now waiting for a set up for short , but carefully {image} {image}
My plan too, should have taken my own advice and bought to the level, no regrets, well calledD
I don't need to be good at the game, only good enough to beat my opponent,
  • #571,419
  • Jan 12, 2021 4:15am Jan 12, 2021 4:15am
Quoting JayBag
{quote} Thats it, Papa Bull is up.
papa bull needs to call spike Lee let’s take this baby over 137
Insane in the Brain..
  • #571,420
  • Jan 12, 2021 4:17am Jan 12, 2021 4:17am
Quoting BeeTogether
{quote} papa bull needs to call spike Lee let’s take this baby over 137
Oh boy, that would be a bull party .. I like your idea, Let me make the call

BraceUp
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