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Cable Update (GBPUSD)

  • #601,941
  • Jun 12, 2021 1:22am Jun 12, 2021 1:22am
Quoting nAVIN2007
{quote} 100% agree I think it is in play, infact I don't think 1.42 will be see for a long time, because USD strength wont allow it

Your comment is appreciated,

however i have not given any target for any upside move, the lines i have drawn represent the expected direction of the move only.

However, the fact that the breakdown below the last minor higher low was not strong, in my experience this usually means a retest of not the last minor high but the one prior as that is the break down point and coincidentally it does come in around 4220 .

If the break down of the last daily minor higher low had been a lot lower then i would of only expected a retest of that area.


pip
Follow The Markets Structure - Patience and Discipline
  • #601,942
  • Edited 2:20am Jun 12, 2021 2:03am | Edited 2:20am
Quoting Vincent1
{quote} Another week is gone. Like last week's signals the Bears continue to gain power, the Bulls continue to lose it On a weekly basis, after last week's Spinning Top, we had a new low that just broke last week's low, and the candle is red, confirming last week idea. When the Bears will absorb all the buyers, we will see a long red candle on the Weekly too. {image} On the Daily we see that the Friday's close made an engulfing on Thursday. The signal is obviously bearish, but anyway not that strong because we are not at the top of an uptrend. The...
Your analysis is always really great thanks for taking the time to post. Great for people like me who only really know the 5m intraday TFs and still getting to grips with the bigger picture same with pipfarm

Just like some of the other comments are saying. We've had a move up/pullback in the dollar cooking for sometime. Everytime I confidently post that we are going to move below the range because of this, GU goes and makes another bounce in the range from 1.41 area, and I get caught trying to short the bottom of the range. So I'll leave it this time, but, its still what I expect and the longer the build up the harder the fall. I have to assume its just a pullback in the dollar and the sellers will kick in again around the mid 91s
  • #601,943
  • Jun 12, 2021 2:31am Jun 12, 2021 2:31am
Quoting pipfarm
{quote} Your comment is appreciated, however i have not given any target for any upside move, the lines i have drawn represent the expected direction of the move only. However, the fact that the breakdown below the last minor higher low was not strong, in my experience this usually means a retest of not the last minor high but the one prior as that is the break down point and coincidentally it does come in around 4220 . If the break down of the last daily minor higher low had been a lot lower then i would of only expected a retest of that area....

we most likely see something like this..but overall I expect USD to gain strength and start its natural uptrend..
This is why I'm trading the Euro as it is its USD's counter if the Euro falls pound has to as it is heavily reliant. GBP is actually very strong but no match for USD
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  • #601,944
  • Jun 12, 2021 3:13am Jun 12, 2021 3:13am
Quoting voeltoez
{quote} Repaint indicator? After how many candles will be valid signal?
not repainted , simple colored ema
the color changed if the angel of the ema changes
the signal is a break of a fractal with the direction of the trend
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yes yes yes
  • #601,945
  • Jun 12, 2021 3:14am Jun 12, 2021 3:14am
Quoting Tim_isoara
{quote} Day traders work every day with 1m,5m, 15m. I don't see any blades. Just charts and trade.
In my opinion these timeframes are best because I can see how big money plays.
  • #601,946
  • Jun 12, 2021 4:43am Jun 12, 2021 4:43am
Quoting Moty
{quote} not repainted , simple colored ema the color changed if the angel of the ema changes the signal is a break of a fractal with the direction of the trend {image}
sell below 4130 for 4075 until London open.

This is for me on monday.
Intraday only.
  • #601,947
  • Jun 12, 2021 4:56am Jun 12, 2021 4:56am
Quoting Moty
this is my new band , it's called the magical ma , 34 ema h+c+l {image}
Let's use the template with SMA50 + MACD this week.
Together we can be strongest
Vantage Return This Month: na
  • #601,948
  • Jun 12, 2021 5:11am Jun 12, 2021 5:11am
Quoting Tim_isoara
{quote} "All traders know there are two possible directions UP and DOWN." 3 directions, up, down or sideways.
True. However, not all traders consider sideways action as a price direction as the current price cannot go to left or right but can only be higher or lower than the previous tick. Hence sideways is broadly accepted as a horizontal price action rather than a direction just like ranging price action, choppy price action, swing price action and trend price action are.

Anyways in the end of the day it’s up to you what you call all these terms as long as you know what they do and as long as you use them in the right way that make your account grow in size.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #601,949
  • Jun 12, 2021 5:46am Jun 12, 2021 5:46am
Quoting Moty
{quote} not repainted , simple colored ema the color changed if the angel of the ema changes the signal is a break of a fractal with the direction of the trend {image}
Not try to sell more, let's leave the price to drop without us. The next movement will start above 1.4155 ( bullish ) , or below 1.4115 ( bearish ). For while the price still is inside of an consolidation and let's to be patience for not to stay against the tendence when the price start the next movement.

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Together we can be strongest
Vantage Return This Month: na
  • #601,950
  • Edited 8:41am Jun 12, 2021 7:20am | Edited 8:41am
I would like to watch the 1.4150 area for a short on Monday. See how things look, might buy up to there as well as we should get some retrace, as there is a small imbalance to fill

A move to stop hunt the highs over 1.42 also possible
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  • #601,951
  • Jun 12, 2021 7:23am Jun 12, 2021 7:23am
Killing Me Softly - Jessie J - Live - 2018 || With Lyrics || Amazing Performance

Inserted Video
Together we can be strongest
Vantage Return This Month: na
  • #601,952
  • Jun 12, 2021 8:54am Jun 12, 2021 8:54am
Attached Image (click to enlarge)
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offering my system to copy trade. check my link
  • #601,953
  • Jun 12, 2021 10:36am Jun 12, 2021 10:36am
GBP/USD H4 Observations

Liquidity Drives Price

Maybe Price has to go up before it can go down????

Don't get hooked on Market Predictions they can bite you in the Arse
Attached Image (click to enlarge)
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  • #601,954
  • Jun 12, 2021 11:39am Jun 12, 2021 11:39am
Quoting stevepatt
GBP/USD H4 Observations Liquidity Drives Price Maybe Price has to go up before it can go down???? Don't get hooked on Market Predictions they can bite you in the Arse {image}
Truth
  • #601,955
  • Jun 12, 2021 12:49pm Jun 12, 2021 12:49pm
Just some news:

UK's PM Johnson will announce a reopening delay on Monday. - The Telegraph.


Weekly Fundamental US Dollar Forecast: Here Comes Taper Talk

https://www.dailyfx.com/forex/fundam...aper-talk.html
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #601,956
  • Jun 12, 2021 1:11pm Jun 12, 2021 1:11pm
Quoting NotAtrader
Just some news: UK's PM Johnson will announce a reopening delay on Monday. - The Telegraph. Weekly Fundamental US Dollar Forecast: Here Comes Taper Talk https://www.dailyfx.com/forex/fundam...aper-talk.html
that could push cable down unless it’s already been factored in
Insane in the Brain..
  • #601,957
  • Jun 12, 2021 1:28pm Jun 12, 2021 1:28pm
Quoting BeeTogether
{quote} that could push cable down unless it’s already been factored in
The first one will be announced on Monday. So I am not sure about the significance but the impact could be somewhat big.
The second - The Taper Talk - if it was factored in, it should bring GBPUSD down much more than just 70-80 pips.

Just my opinion.

And some more news:
17:04 · Jun 11 · Reuters
Sterling set for second weekly loss as data fail to impress, 'sausage war' weighed.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #601,958
  • Jun 13, 2021 1:12am Jun 13, 2021 1:12am
With the help of bears, we will say goodbye to the 1.40 range this week !
Lost in Narrative
  • #601,959
  • Jun 13, 2021 1:45am Jun 13, 2021 1:45am
GU is ranging for a month now. It's probably because the market is waiting for the FED's Interest Rate decision. There's a chance that they may raise the rates, but i don't think they will do it yet. I am still long on GU and probably it will break this range and give a lot of pips after the FED Rate decision. I am no fortune teller of course, i just think that this scenario is more probable than rate hike scenario since NFP & US Employment rates are still not good.
You have to have an IQ higher than 90 to interact with this user.
  • #601,960
  • Jun 13, 2021 3:09am Jun 13, 2021 3:09am
Quoting Nordling00
GU is ranging for a month now. It's probably because the market is waiting for the FED's Interest Rate decision. There's a chance that they may raise the rates, but i don't think they will do it yet. I am still long on GU and probably it will break this range and give a lot of pips after the FED Rate decision. I am no fortune teller of course, i just think that this scenario is more probable than rate hike scenario since NFP & US Employment rates are still not good.
True.
The Fed very recently increased the rate of their asset purchases. For all the background noise of tapering, "at some point" in the future, they are actually moving away from that position.
The Fed are not about to backflip on their "transitory" stance so soon after their statement.
Compulsions can be hard to resist
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