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Cable Update (GBPUSD)

  • #460,881
  • Jun 7, 2018 3:26am Jun 7, 2018 3:26am
Quoting masudsardar
{image}
Attached Image (click to enlarge)
Click to Enlarge Name: FF.jpg Size: 71 KB
to err is human
  • #460,882
  • Jun 7, 2018 3:55am Jun 7, 2018 3:55am
I have 2 shorts running atm

13450 / 13470

Will add more shorts if the Brexit news pans out as a shambles or if David Davis resigns.

I am looking at a longer term trade down towards 1.30
  • #460,883
  • Jun 7, 2018 6:20am Jun 7, 2018 6:20am
Quoting el_duende
I have 2 shorts running atm 13450 / 13470 Will add more shorts if the Brexit news pans out as a shambles or if David Davis resigns. I am looking at a longer term trade down towards 1.30
Adding another short 1.3435 hopefully this can build

Edit and another at 20
  • #460,884
  • Jun 7, 2018 6:35am Jun 7, 2018 6:35am
and another at 05

Will see if i can add shorts every 20 pip intervals or so. Ramping up the position with little risk.

See if 1.34 now breaks
  • #460,885
  • Jun 7, 2018 7:17am Jun 7, 2018 7:17am
took long from 1.3800..let see
  • #460,886
  • Jun 7, 2018 7:34am Jun 7, 2018 7:34am
A close this hour above 34 and looks like 2009 low of 35
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 22 KB
Click to Enlarge Name: GBPUSDH4.png Size: 23 KB
Come with me if you want to live....
  • #460,887
  • Jun 7, 2018 7:44am Jun 7, 2018 7:44am
Quoting Ill-b-back
A close this hour above 34 and looks like 2009 low of 35 {image} {image}
It is 200 HR EMA bounce.

First test.
Intraday only.
  • #460,888
  • Jun 7, 2018 7:49am Jun 7, 2018 7:49am
Quoting navk
{quote} It is 200 HR EMA bounce. First test.
I'll take your word for it.
Where is the 200ema?
I'm looking at 1.382 fib ext to 1.35 after current bounce off support.
Come with me if you want to live....
  • #460,889
  • Jun 7, 2018 7:52am Jun 7, 2018 7:52am
David Davis is staying on (for now) and custom union plan 'sorted out' kind of

Sadly the day not as messy as hoped. However the wording of the document is still ambiguous and will likely be problematic to the harder brexiteers.

I believe there could be a few more suRprises today politically from the UK.
  • #460,890
  • Jun 7, 2018 7:52am Jun 7, 2018 7:52am
When cable tanked, I sold eurgbp which I thought was a better trade
Attached Image (click to enlarge)
Click to Enlarge Name: eur-gbp.jpg Size: 513 KB
Managing your lot size is the key
  • #460,891
  • Jun 7, 2018 8:11am Jun 7, 2018 8:11am
Quoting Toshiba
When cable tanked, I sold eurgbp which I thought was a better trade {image}
pump and dump big guys!
  • #460,892
  • Jun 7, 2018 8:16am Jun 7, 2018 8:16am
Quoting Ill-b-back
{quote} I'll take your word for it. Where is the 200ema? I'm looking at 1.382 fib ext to 1.35 after current bounce off support.
Yes, trend is up, but correction.

Some would have bought the dips. so the bounce.

I expect more correction though.

Some people like me, would have sold the bounce. ( In shorter tf )
Intraday only.
  • #460,893
  • Jun 7, 2018 8:26am Jun 7, 2018 8:26am
Quoting pridolfx
{quote} pump and dump big guys!
modus operandi
  • #460,894
  • Jun 7, 2018 8:30am Jun 7, 2018 8:30am
GBP sold because of "Theresa May Yields to David Davis Over Customs Backstop" .

what do you expect about GBPUSD for next? is it going back on uptrend ?
  • #460,895
  • Jun 7, 2018 8:51am Jun 7, 2018 8:51am
I am watching the daily gbpusd which is about to cross S1 pivot. The daily eurgbp is above R2. The daily eurusd is about to cross R1 heading down.

I am thinking about shorting eurgbp again when eurusd and gbpusd prices cross their pivots.
Managing your lot size is the key
  • #460,896
  • Jun 7, 2018 10:13am Jun 7, 2018 10:13am
104 pips scalping for the day - there were more
practice makes perfect
some room for improvement .. again? lol

Longs seem to the preference so lets see how it plays Man yar nEr
  • #460,897
  • Jun 7, 2018 3:13pm Jun 7, 2018 3:13pm
Quoting navk
{quote} Yes, trend is up, but correction. Some would have bought the dips. so the bounce. I expect more correction though. Some people like me, would have sold the bounce. ( In shorter tf )
Hi Navk, I wasn't challenging your view, as I literally didn't know where the 200ema was for the 1hr/4hr etc (so I didn't know what your view was lol). I was no longer at computer (bathing/feeding/putting to bed the kids while the wife feeds the baby).
Let's see what tomorrow brings.
I hope you get lots of pips
Come with me if you want to live....
  • #460,898
  • Jun 7, 2018 4:45pm Jun 7, 2018 4:45pm
Quoting Ill-b-back
{quote} Hi Navk, I wasn't challenging your view, as I literally didn't know where the 200ema was for the 1hr/4hr etc (so I didn't know what your view was lol). I was no longer at computer (bathing/feeding/putting to bed the kids while the wife feeds the baby). Let's see what tomorrow brings. I hope you get lots of pips
hmm.. not many pips to me. It is a mixture. lol

see the picture what I said about 200 HR EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 81 KB
Intraday only.
  • #460,899
  • Jun 7, 2018 4:52pm Jun 7, 2018 4:52pm
Quoting Ill-b-back
{quote} Hi Navk, I wasn't challenging your view, as I literally didn't know where the 200ema was for the 1hr/4hr etc (so I didn't know what your view was lol). I was no longer at computer (bathing/feeding/putting to bed the kids while the wife feeds the baby). Let's see what tomorrow brings. I hope you get lots of pips
And see this smaller TF pic. This is why I said more bearishness is expected on Friday.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 65 KB
Intraday only.
  • #460,900
  • Jun 7, 2018 5:51pm Jun 7, 2018 5:51pm
Cable in range as shown on the chart. I recommend to sell from now @ 1.3420 and 1.3440, SL 1.3470 and TP1 1.3385 , TP2 1.3350.
On the other hand Buy limit @ 1.3385~1.3390 TP1 1.3440 TP2 1.3490 with SL 1.3365. Good Luck!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H4 (06-07-2018 1846).png Size: 40 KB
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