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Cable Update (GBPUSD)

  • #477,081
  • May 10, 2019 1:19am May 10, 2019 1:19am
pound still cant decide on 1.30???
Whats holding it back???

(⊙.⊙(◉̃_᷅◉)⊙.⊙)
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  • #477,082
  • May 10, 2019 1:22am May 10, 2019 1:22am
Quoting Theoak
sgorting in at 1.3003
loss -2 pip
Don't trade what you think. Just what you see!!!
  • #477,083
  • May 10, 2019 1:34am May 10, 2019 1:34am
The spike up of 70 pips at ny open yesterday, that break the decending trend line ,means something.
Especially if it creat a doji candle right on important area like 1.30000.
I believe at least that we will get an abc correction move to 1.30600-1.30800 area.
See you at the move , 2 hours from now
yes yes yes
  • #477,084
  • May 10, 2019 1:45am May 10, 2019 1:45am
in again shorting 13001
Don't trade what you think. Just what you see!!!
  • #477,085
  • May 10, 2019 1:46am May 10, 2019 1:46am
Quoting Theoak
in again shorting 13001
Does not want to break the whole number!!!
Don't trade what you think. Just what you see!!!
  • #477,086
  • May 10, 2019 1:57am May 10, 2019 1:57am
Quoting Moty
The spike up of 70 pips at ny open yesterday, that break the decending trend line ,means something. Especially if it creat a doji candle right on important area like 1.30000. I believe at least that we will get an abc correction move to 1.30600-1.30800 area. See you at the move , 2 hours from now
Can u please enlight me why 1.30000 is an important area ?,
U mean 1.30000 is a support line ?
Im confused...
Still learning bout the chart pattern...

Thanks in advanced
  • #477,087
  • May 10, 2019 1:57am May 10, 2019 1:57am
Quoting Theoak
{quote} Does not want to break the whole number!!!
I don't see any bears here .
Today i am a spike hunter
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yes yes yes
  • #477,088
  • May 10, 2019 2:01am May 10, 2019 2:01am
Quoting Theoak
in again shorting 13001
Loss - 10 pips,
Don't trade what you think. Just what you see!!!
  • #477,089
  • May 10, 2019 2:03am May 10, 2019 2:03am
Quoting Mrcl
{quote} Can u please enlight me why 1.30000 is an important area ?, U mean 1.30000 is a support line ? Im confused... Still learning bout the chart pattern... Thanks in advanced
psychologically - Where are you going to put your stop loss ect….
Don't trade what you think. Just what you see!!!
  • #477,090
  • May 10, 2019 2:05am May 10, 2019 2:05am
Contradictory setups on h1 and h4. Even, I decided to enter the long position. I expect at least 15-20pips per order.
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  • #477,091
  • May 10, 2019 2:08am May 10, 2019 2:08am
long now 1.3010
Don't trade what you think. Just what you see!!!
  • #477,092
  • May 10, 2019 2:11am May 10, 2019 2:11am
Quoting Theoak
long now 1.3010
Finally
yes yes yes
  • #477,093
  • May 10, 2019 2:17am May 10, 2019 2:17am
Quoting Mrcl
{quote} Can u please enlight me why 1.30000 is an important area ?, U mean 1.30000 is a support line ? Im confused... Still learning bout the chart pattern... Thanks in advanced
Round number tend to be used like said , as stop loss .
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yes yes yes
  • #477,094
  • May 10, 2019 2:20am May 10, 2019 2:20am
Another Bullish engulfment on H1 chart.

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  • #477,095
  • May 10, 2019 2:24am May 10, 2019 2:24am
Quoting Moty
{quote} Round number tend to be used like said , as stop loss . {image}
Wow, just knew that information...
My stop loss usually using ratio of SL:TP -> 1:1.5

Example :
Current price = 1.31100
And I want to buy, and the nearest visible resistance is .... let say .... 1.29900,
So 20pips away.

So with the ratio of 1:1.5,
SL = 20pips away
TP = 30 pips away
Therefore,
SL = 1.31100 - 20pips = 1.29900
TP = 1.31100 + 30pips = 1.31400

I never know any round number is a great SL
  • #477,096
  • May 10, 2019 2:26am May 10, 2019 2:26am
Eur/gbp is so Stubborn
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yes yes yes
  • #477,097
  • May 10, 2019 2:27am May 10, 2019 2:27am
Quoting limzy
{quote} Short at 1.30089 (+11.4 pips)
Long at 1.30119 (-3 pips)
  • #477,098
  • May 10, 2019 2:27am May 10, 2019 2:27am
Quoting Mrcl
{quote} Can u please enlight me why 1.30000 is an important area ?, U mean 1.30000 is a support line ? Im confused... Still learning bout the chart pattern... Thanks in advanced
People just like round numbers...it's a form of psychological support...

Some would say it's not important, some say it does.

It's a support, but not technically a support.
If you want in on my experimental EA, PM me.
  • #477,099
  • May 10, 2019 2:29am May 10, 2019 2:29am
Quoting Theoak
long now 1.3010
Break even
Don't trade what you think. Just what you see!!!
  • #477,100
  • May 10, 2019 2:31am May 10, 2019 2:31am
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