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Cable Update (GBPUSD)

  • #575,241
  • Jan 29, 2021 1:49pm Jan 29, 2021 1:49pm
the crooks are always here
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yes yes yes
  • #575,242
  • Jan 29, 2021 2:02pm Jan 29, 2021 2:02pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Beautifful
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Studing..............
  • #575,243
  • Jan 29, 2021 2:14pm Jan 29, 2021 2:14pm
Quoting Coreg2004
{quote} babayaga, I can only present my analysis (point of view)...With ending diagonal it's always guesstimation (at least for me). The last six days are a mess on a daily but for short-term traders like me, it doesn't make any difference. If you look at my chart below and consider that W5 is in place I wouldn't disagree because all ratios which identify the end of W5 are there...Corrective zones are marked as green rectangles. {image}
Looks like W5 is in place but none can be sure where it ends
  • #575,244
  • Jan 29, 2021 2:19pm Jan 29, 2021 2:19pm
Nested wedge. More lunacy next week, I think
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Air force
  • #575,245
  • Jan 29, 2021 2:47pm Jan 29, 2021 2:47pm
good weekend all
  • #575,246
  • Jan 29, 2021 3:02pm Jan 29, 2021 3:02pm
Have a good weekend all stay safe hopefully see you all on the restart
Insane in the Brain..
  • #575,247
  • Jan 29, 2021 3:02pm Jan 29, 2021 3:02pm
Quoting gatenio
{quote} i didnt bought it today, but idk what the real direction right now.. all pairs drive like drunk
neither do I (about direction)
not that I know what are you looking for..,

but if you are looking to buy, I think you are able to find these point..,

do not rush, you will see it

(my SELL trade (demo) is still running, from 1864.65 till (now) 1844.., - is it too small for you (?)

we know it, the real direction is "UP" for Gold, but you can make a fortune selling it on the way up ( my thoughts )
dolce vita
  • #575,248
  • Jan 29, 2021 3:05pm Jan 29, 2021 3:05pm
I've just closed the short from 740 @ 699 for +41. It was moving stupid and nearly market close so that's enough for me, things can be assessed again on Monday morning.

Btw what do traders think of this channel? I feel like the shorts are more laboured than the longs, which make decisive moves and hit targets quickly. But the consensus (only from things I've read in the last days) is that it will break to the downside?
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  • #575,249
  • Jan 29, 2021 3:08pm Jan 29, 2021 3:08pm
Quoting MoneyZilla
Day trading ended in red yesterday. Now struggling to recover the losses... What a spaghetti trading! {image} {image} {image}
your account will be blown up when cable begins trend into either way.
You should better stay away from that martingale bullshit
  • #575,250
  • Jan 29, 2021 3:09pm Jan 29, 2021 3:09pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Quoting pipprincess
I've just closed the short from 740 @ 699 for +41. It was moving stupid and nearly market close so that's enough for me, things can be assessed again on Monday morning. Btw what do traders think of this channel? I feel like the shorts are more laboured than the longs, which make decisive moves and hit targets quickly. But the consensus (only from things I've read in the last days) is that it will break to the downside? {image}
Looks.
Studing..............
  • #575,251
  • Jan 29, 2021 3:10pm Jan 29, 2021 3:10pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Awesome
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Studing..............
  • #575,252
  • Jan 29, 2021 3:12pm Jan 29, 2021 3:12pm
Quoting ChiForex
A quick summary for the week and month end, I say 1.3740s is a crucial level, a base above might not mean holding on a strong resistance @1.3770s but might open the door to clear it on the way to 1.3850s and that will be very strong move on monthly. On downside, around 1.3620 is a strong support then comes 100pips down 1.3520, any further fall and base below there this week might mean change of trend for next month/s IMO, falling below 1.3390s is not in the cards and 1.3740-70s seem strong resistance zone Play your cards right...
An interesting week of tight range..the pair held well as expected on crucial resistance 1.3740s but the surprise came on also holding well on the very first support around 1.3620
Next week and new month open will reveal a more clear wider picture..will post my view on Sunday/Monday.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #575,253
  • Jan 29, 2021 3:29pm Jan 29, 2021 3:29pm
Quoting Georginson
{quote} Manually closed at 1.3735...
Such a shame you threw in the towel so early, I was looking forward to our duel. I guess I'll close my positions too now.

Till we meet again...
  • #575,254
  • Jan 29, 2021 3:31pm Jan 29, 2021 3:31pm
Quoting ChiForex
Next week and new month open will reveal a more clear wider picture..will post my view on Sunday/Monday.
I look forward to it.
  • #575,255
  • Jan 29, 2021 3:31pm Jan 29, 2021 3:31pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Quoting pipprincess
{quote} I look forward to it.
Eheh
Studing..............
  • #575,256
  • Jan 29, 2021 3:58pm Jan 29, 2021 3:58pm
Quoting Marbas
{quote} your account will be blown up when cable begins trend into either way. You should better stay away from that martingale bullshit

What do you know about this style?!?

Don't comment on things you don't understand...

This is stop system. Goes with the flow.

Cable is ranging and some days come difficult to catch up with...

And what martingale?!? Hello?
Maadik Hugiis. IQ 69.
  • #575,257
  • Jan 29, 2021 5:29pm Jan 29, 2021 5:29pm
Quoting Rgkc
GBP is starting to lose strength, while the dollar is gaining. Maybe we won't see 138 anytime soon
oh... we were just like 50 pips away... spike lee can take that for breakfast._
stay cool.
If you don't know how to earn money, don't loose it.
  • #575,258
  • Jan 29, 2021 5:34pm Jan 29, 2021 5:34pm
Quoting kk300
My 2 cents... {image}
the 2 arrows would have been sufficient to say that price can go up or down...

stay cool.
If you don't know how to earn money, don't loose it.
  • #575,259
  • Jan 29, 2021 5:35pm Jan 29, 2021 5:35pm
Quoting Moty
the crooks are always here {image}
Hey....
If you don't know how to earn money, don't loose it.
  • #575,260
  • Jan 29, 2021 5:38pm Jan 29, 2021 5:38pm
Quoting gatenio
{quote} i didnt bought it today, but idk what the real direction right now.. all pairs drive like drunk
like me then.... but i'm not not all pair...

i'm driving drunk.
If you don't know how to earn money, don't loose it.
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