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Cable Update (GBPUSD)

  • #476,881
  • May 3, 2019 2:37am May 3, 2019 2:37am
Good Morning
I am still short on the GBPUSD.

Be aware there is a key resistance level at 1.2982 area.A 50% Fib retracement. If she reach this area there might be a strong bounce from there.
If she breaks expect to hit 1.29000 area
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  • #476,882
  • May 3, 2019 2:40am May 3, 2019 2:40am
or the markets might stay dead flat today until just before NFP this afternoon.
Seeing that everyone here is news traders.
  • #476,883
  • May 3, 2019 3:11am May 3, 2019 3:11am
Quoting Henry2501
or the markets might stay dead flat today until just before NFP this afternoon. Seeing that everyone here is news traders.
market is waiting for NFP and more important hearly earning data, i think the strong supports ( 3018, 1992 and 2961 ) will be broken aftar that ( in the event of good data )
  • #476,884
  • May 3, 2019 3:19am May 3, 2019 3:19am
Quoting Theoak
Hi All, on the bear ride . Target 1.3025
Hi - New target 1.3000
Don't trade what you think. Just what you see!!!
  • #476,885
  • May 3, 2019 4:36am May 3, 2019 4:36am
Quoting Theoak
{quote} Hi - New target 1.3000
Out of this trade couple of pips of target... This has potential to go lower.... approx 1.2990
Don't trade what you think. Just what you see!!!
  • #476,886
  • May 3, 2019 4:50am May 3, 2019 4:50am
Beautifull trades.. Eu same
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  • #476,887
  • May 3, 2019 5:25am May 3, 2019 5:25am
Time to go
Quoting Spmt
{image}
Attached Image (click to enlarge)
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  • #476,888
  • May 3, 2019 5:39am May 3, 2019 5:39am
Looks spikey

Attached Image(s) (click to enlarge)
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Come with me if you want to live....
  • #476,889
  • May 3, 2019 6:40am May 3, 2019 6:40am
waiting for data made me nervous! Gbp will go down 2961 if data are green and on the other hand, possibility of being a butterfly pattern (3119: h4) if data are red
  • #476,890
  • May 3, 2019 6:42am May 3, 2019 6:42am
Attached Image (click to enlarge)
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Intraday only.
  • #476,891
  • May 3, 2019 7:34am May 3, 2019 7:34am
Haleluya for US its all Green !!
But the drop is not so massive ya ?
  • #476,892
  • May 3, 2019 7:36am May 3, 2019 7:36am
Quoting Mrcl
Haleluya for US its all Green !! But the drop is not so massive ya ?
Have to give it time, big traders just eating breakfast, will probably do it during ISM after NY open lol Always expect the unexpected.

Regards,
Paul
  • #476,893
  • May 3, 2019 7:47am May 3, 2019 7:47am
Quoting Mrcl
Haleluya for US its all Green !! But the drop is not so massive ya ?
Inflation is main problem, hourly earning was less than expected!
  • #476,894
  • May 3, 2019 7:50am May 3, 2019 7:50am
It might be retracing
The fragrance remains in the hands of those that gves the rose
  • #476,895
  • May 3, 2019 8:04am May 3, 2019 8:04am
Quoting navk
{image}
can you please share this indicator(pivot with historical lines).
thanks
  • #476,896
  • May 3, 2019 8:11am May 3, 2019 8:11am
Quoting beejay
{quote} can you please share this indicator(pivot with historical lines). thanks
https://www.forexfactory.com/showthr...5#post12039975
Intraday only.
  • #476,897
  • May 3, 2019 9:11am May 3, 2019 9:11am
Quoting navk
{quote} https://www.forexfactory.com/showthr...5#post12039975
thanks
  • #476,898
  • May 3, 2019 9:20am May 3, 2019 9:20am
What a great day it was... didn’t expect a rise like this, but was glad i bought after i closed my sells at 1.2999
Have a good weekend
  • #476,899
  • May 3, 2019 9:30am May 3, 2019 9:30am
FLy Fly
Attached Image (click to enlarge)
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  • #476,900
  • May 3, 2019 9:39am May 3, 2019 9:39am
Quoting Henry2501
Heres a simple example. Never under estimate the power of a simple Exponential moving average. No need for fancy indicators. Notice all the old trades. Always taking profit at the Yellow moving average. You trade towards it or away from it. That simple. {image} red lines are short trades Blue lines are long trades.
Hello Henry. Can you share your not standard numbers MA, please? If not so ok, without problems
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