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Cable Update (GBPUSD)

  • #580,681
  • Feb 25, 2021 11:05am Feb 25, 2021 11:05am
Quoting Theoak
I think this could do a few more pips!!!!
It will retrace to round number 1.40500
Attached Image (click to enlarge)
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yes yes yes
  • #580,682
  • Feb 25, 2021 11:10am Feb 25, 2021 11:10am
Quoting abconqq7
a Spike up will be coming soon.
Hats off for that mate. The spike really came just a few minutes after your comment was posted.
Unfortunately that was just a bull trap but never the less - a 40 pips spike.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #580,683
  • Feb 25, 2021 11:20am Feb 25, 2021 11:20am
long in at 1.4047
Don't trade what you think. Just what you see!!!
  • #580,684
  • Feb 25, 2021 11:24am Feb 25, 2021 11:24am
Quoting mysterio
Elliot wave people- could that be considered an ABC correction and back to bullish? Or beginning of a downtrend? Whats the feeling? GBP yields still very high and DXY should be continuing bearish...
mysterio, it could be...
Attached Image(s) (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #580,685
  • Feb 25, 2021 11:26am Feb 25, 2021 11:26am
So, there was a seismic event in Treasury yields- I think a 7y treasury auction went awry and yields spiked across the board on Treasuries. 10y surpassed 1.5%. This is pretty huge and will have big implications for the dollar.... watch carefully. If this creates dollar demand (it should) then the majors might be turning bearish.

https://www.zerohedge.com/markets/tr...ing-7y-auction

Coreg- thanks for the analysis. What's your opinion?
  • #580,686
  • Feb 25, 2021 11:34am Feb 25, 2021 11:34am
Hey Gang,

Here's one more to add to your Swiss Army Knife Tool-Kit...
The Ichimoku Cloud, "Amongst Other things", lined up quite well,
in the Pound's stopping point. -I'm not saying that is the EXACT reason that
she stopped, but remember Ichimoku Measures & Graphs Support & Resistence,
quite perfectly, from what the trading has accomplished.

Also Note, how she hit that channel,
Then the Ichimoku as well.
Attached Image (click to enlarge)
Click to Enlarge Name: 2_25_2020 2_ICHIMOKU STOPS the Pounds Drive NORTH_for now.png Size: 65 KB

Best of Trading Gang,

Jeff out
I will work to Objectively Identify my Edges
  • #580,687
  • Feb 25, 2021 11:35am Feb 25, 2021 11:35am
Attached Image (click to enlarge)
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yes yes yes
  • #580,688
  • Feb 25, 2021 11:41am Feb 25, 2021 11:41am
Quoting Theoak
long in at 1.4047
OUT 13 PIP LOSS
Don't trade what you think. Just what you see!!!
  • #580,689
  • Feb 25, 2021 11:43am Feb 25, 2021 11:43am
your analysis is unique!!!
  • #580,690
  • Feb 25, 2021 11:45am Feb 25, 2021 11:45am
Quoting Coreg2004
{quote} mysterio, it could be... {image} {image} {image}
your analysis is unique ,coreg
  • #580,691
  • Feb 25, 2021 11:46am Feb 25, 2021 11:46am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 35 KB
yes yes yes
  • #580,692
  • Feb 25, 2021 11:55am Feb 25, 2021 11:55am
This could drop below 140
Insane in the Brain..
  • #580,693
  • Feb 25, 2021 11:58am Feb 25, 2021 11:58am
Quoting Vincent1
{quote} Three targets of 4 attained, I'm done with it. Now time to see the trend on Daily, long-term buy on JPY, USD and Gold. Stock market needs to fall
You spend days, weeks, months studying to understand if it is possible to "predict" future movements. Sometimes you don't even think it's possible, but you keep studying

Then you really apply the study and ..... what a satisfaction !!!
Attached Image
  • #580,694
  • Feb 25, 2021 12:14pm Feb 25, 2021 12:14pm
Hi to all, for GOLD Traders i signal this AB-CD Bearish pattern on Daily
Attached Image (click to enlarge)
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  • #580,695
  • Feb 25, 2021 12:17pm Feb 25, 2021 12:17pm
Quoting Vincent1
{quote} You spend days, weeks, months studying to understand if it is possible to "predict" future movements. Sometimes you don't even think it's possible, but you keep studying Then you really apply the study and ..... what a satisfaction !!! {image}
Awesome, man, congrats
  • #580,696
  • Feb 25, 2021 12:23pm Feb 25, 2021 12:23pm
... Updating charts. We wait for a >30day adr day cause we've had so few of them then we get effectively 3 in2 days. Ie yesterday was >30day adr up, then >30day adr down and now today's 182pip down move. (30day adr is currently 95 but will be higher tomorrow once this move as the new 3oth day is calculated.) Congrats to all who were involved in that great down move today.

1hr is below and shows the near-term upside and downside potential obstacles to price. Of course there are downside fibs of the major swing lo's to 4242 swing hi not shown on this chart, for eg 3990-77 there is a 4 fib cluster. (Will probably be back trading next week sometime.)
Attached Image (click to enlarge)
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Trader with an Edge.
  • #580,697
  • Feb 25, 2021 12:25pm Feb 25, 2021 12:25pm
Quoting mysterio
Could get a very decent retrace based on the ABCD {image}
I took 30 pips, switching back to sells based on the treasury yield situation
  • #580,698
  • Feb 25, 2021 12:25pm Feb 25, 2021 12:25pm
all i can say GU is very manipulated pair.I shorted eur not GU today.Crazy pair.
  • #580,699
  • Feb 25, 2021 12:38pm Feb 25, 2021 12:38pm
Quoting littspaniard
{quote} stop hit...new chance {image}
finally price didnīt reach the target and hit stop at even
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The only constant is change
  • #580,700
  • Edited 1:18pm Feb 25, 2021 12:39pm | Edited 1:18pm
...could be seeing some 4hr bullish hidden div developing so long as 3829 holds. Will keep an eye on it when I'm @ the desk.The 5min bearish hidden div didn't work out too shabbily. 5min below.
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Trader with an Edge.
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