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Cable Update (GBPUSD)

  • #464,761
  • Sep 11, 2018 4:02am Sep 11, 2018 4:02am
GU 30 M + 1M
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yes yes yes
  • #464,762
  • Sep 11, 2018 4:05am Sep 11, 2018 4:05am
Quoting Trade-G
{quote} If we set our SL tight our profits are protected if we trade intraday. If we trade higher timeframe your stops should not be hit yet. Apologies for the blabber...

yehh..just said

defo crap mkt..
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #464,763
  • Sep 11, 2018 4:08am Sep 11, 2018 4:08am
Looks like going down 1.2948 area find support before bounce up
  • #464,764
  • Sep 11, 2018 4:12am Sep 11, 2018 4:12am
let having some coffee️
and enjoying the mkt price
just for a cup of coffee...
  • #464,765
  • Sep 11, 2018 4:15am Sep 11, 2018 4:15am
Last Wed, Fri and this Mondays' move is not for nothing, shorts be nimble if you have to short.
  • #464,766
  • Sep 11, 2018 5:52am Sep 11, 2018 5:52am
short is not goog anymore imo
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yes yes yes
  • #464,767
  • Sep 11, 2018 6:55am Sep 11, 2018 6:55am
the spike in on the stove
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yes yes yes
  • #464,768
  • Sep 11, 2018 6:58am Sep 11, 2018 6:58am
Quoting Moty
short is not goog anymore imo {image}
Time will tell
I already breakeven on my short trades though aiming 1.2992, 1.2973 and 1.2955 eventually
  • #464,769
  • Sep 11, 2018 7:08am Sep 11, 2018 7:08am
GU has rejected rather slowly from the high along with massive spikes to the down side. We had a 55 pip drop in 1 min in which it recovered half of the drop before the 1 min candle closed. A cup and handle formation to 1.3026 before dropping to 1.2963 seems highly unlikely but as someone above said, "Time will tell". Current price 1.2986

And now another unexpected spike to the upside for GU after having dumped off less than 20 mims ago.
1% a day keeps the 9 to 5 away. Even with 500usd account!
  • #464,770
  • Sep 11, 2018 7:17am Sep 11, 2018 7:17am
tough crowd today....
Look Sharp/Trade Tight
  • #464,771
  • Sep 11, 2018 7:20am Sep 11, 2018 7:20am
Quoting OddReality
GU has rejected rather slowly from the high along with massive spikes to the down side. We had a 55 pip drop in 1 min in which it recovered half of the drop before the 1 min candle closed. A cup and handle formation to 1.3026 before dropping to 1.2963 seems highly unlikely but as someone above said, "Time will tell". Current price 1.2986 And now another unexpected spike to the upside for GU after having dumped off less than 20 mims ago.
Expect more of this sharp drops out of no where which mean nothing but power players creaming it early Out of NYC it will become normal after a few weeks
  • #464,772
  • Sep 11, 2018 7:21am Sep 11, 2018 7:21am
Cable is all over the place but setting a short target at 1.2896 would be sensible.
The stop-losses down there will definitely get consumed sooner rather than later.
It's a big game.
  • #464,773
  • Sep 11, 2018 7:39am Sep 11, 2018 7:39am
Imho, the cable market is technically disposed southward. What price action is playing presently is a corrective move northward, perhaps to the mini horizontal resistance around the 1.32100 area.

I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #464,774
  • Sep 11, 2018 7:45am Sep 11, 2018 7:45am
Quoting aa4fx
{quote} just sold 2938 ... how bad could it be? will see
closed it with a loss now @ 1.2979
  • #464,775
  • Sep 11, 2018 7:47am Sep 11, 2018 7:47am
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www.sme-fx.com
  • #464,776
  • Sep 11, 2018 8:29am Sep 11, 2018 8:29am
Quoting FractalFreak
{image}
Not sure what are u showing?? 200 lines mean absolutely nothing.

Up or down???
I'll take the black arrow as Down....

Target?

And my chart with notes
Edit spelling.
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Beware of robber banks (RB), bad advisors.
  • #464,777
  • Sep 11, 2018 10:00am Sep 11, 2018 10:00am
Quoting thir13enth
{quote} Just got in, busy day. Lol Short at 3028. Hard SL at 3060. Personally, not liking how PA tried to challenge our WR61. When this trade gets SL’ed, it might be time to watch, do nothing, until bear kicks in again. 3150 maybe, but until then I’m gonna side with 2910 which is the WP.
Aaand hit, annoying fundies.

3100 has to be broken smoothly before we see 3150. I'm careful on shorting this atm as 4H TLs are broken.
However, PA seems to be targeting more on 2940, 2910, and 2875 levels rather than 3100.

3200, I'll join the bulls. But just watching for now with candy positions targeting 2875.

Thursday is big day, think twice before opening regular lots.
This kind of PA is only suitable for small lots, wider SLs - at least for my skills. LOL
  • #464,778
  • Sep 11, 2018 10:13am Sep 11, 2018 10:13am
Quoting thir13enth
{quote} Aaand hit, annoying fundies. 3100 has to be broken smoothly before we see 3150. I'm careful on shorting this atm as 4H TLs are broken. However, PA seems to be targeting more on 2940, 2910, and 2875 levels rather than 3100. 3200, I'll join the bulls. But just watching for now with candy positions targeting 2875. Thursday is big day, think twice before opening regular lots. This kind of PA is only suitable for small lots, wider SLs - at least for my skills. LOL
agreed with your target 2910 but waiting to sell it duno what im waiting (scared of the upward spike before going down) , i got many lose with small sl trying to sell this , gu

my sl ussualy around 25-30
Take What You Can , Give Nothing Back
  • #464,779
  • Sep 11, 2018 10:25am Sep 11, 2018 10:25am
Quoting Donquixote
{quote} agreed with your target 2910 but waiting to sell it duno what im waiting (scared of the upward spike before going down) , i got many lose with small sl trying to sell this , gu my sl ussualy around 25-30
25-30 is still tight I think given the fundies this month.

Instead of this:
.2 lot = SL at 25 pips (still tight I think given the fundies this month)

You can split into smaller lots with wider SLs (but of course reward is lesser, but better in terms of SL positioning):
.1 lot = SL at 50 pips (ideal position at current high-50 pips = 3030)
.1 lot = SL at 50 pips (3050-50 pips looks okay also)

Hmm... I have mini minis lot atm, expecting 2990-3000 level to start resisting.
We'll see.

Just don't trade bigger lots, we never know when those red news come again.
  • #464,780
  • Sep 11, 2018 12:06pm Sep 11, 2018 12:06pm
Quoting thir13enth
{quote} 25-30 is still tight I think given the fundies this month. Instead of this: .2 lot = SL at 25 pips (still tight I think given the fundies this month) You can split into smaller lots with wider SLs (but of course reward is lesser, but better in terms of SL positioning): .1 lot = SL at 50 pips (ideal position at current high-50 pips = 3030) .1 lot = SL at 50 pips (3050-50 pips looks okay also) Hmm... I have mini minis lot atm, expecting 2990-3000 level to start resisting. We'll see. Just don't trade bigger lots, we never know when those red...
good advice , but
problem is gu acting really weird one moment big move upward then big move downward. i wonder , is this because brexit talk?
Take What You Can , Give Nothing Back
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