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Cable Update (GBPUSD)

  • #477,821
  • May 21, 2019 12:55pm May 21, 2019 12:55pm
Quoting elbert3
{quote} Could be right 2 shorts at 55 50 after seeing into the chart is it confirming breakout soon see but might hedge around here back into long trade also
$$ is very strong.... and fundamentally, Brexit will pull back the pound. Writing is on the wall for May.

More , I am hearing from Canada that Long term traders do not trade pound sterling anymore fearing the value of pound will be nothing.

lol.
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Intraday only.
  • #477,822
  • May 21, 2019 1:12pm May 21, 2019 1:12pm
Quoting navk
{quote} $$ is very strong.... and fundamentally, Brexit will pull back the pound. Writing is on the wall for May. More , I am hearing from Canada that Long term traders do not trade pound sterling anymore fearing the value of pound will be nothing. lol. {image}
Always stick to your trade plan, unless it’s May who is speaking. I would suggest not to touch gbp pairs due to how risky they are.
do not buy on a down trend, do not sell in a up trend. Basically you just sell rallies.
Dont think usd is going down anytime soon.
Trump is doing it on purpose to devalue the yuan to prove China is currency fixing.
  • #477,823
  • May 21, 2019 1:19pm May 21, 2019 1:19pm
Many here would have got traped in gu long again. Poor.
Intraday only.
  • #477,824
  • May 21, 2019 1:20pm May 21, 2019 1:20pm
Quoting navk
{quote} $$ is very strong.... and fundamentally, Brexit will pull back the pound. Writing is on the wall for May. More , I am hearing from Canada that Long term traders do not trade pound sterling anymore fearing the value of pound will be nothing. lol. {image}
Seriously, Pound is a big joke. Apex of uncertainty and so erratic. I will dump the pair if it fails to move towards 1.2860 this week.
Data + Stat + Risk/Emotions Management
  • #477,825
  • May 21, 2019 1:24pm May 21, 2019 1:24pm
Quoting navk
{quote} $$ is very strong.... and fundamentally, Brexit will pull back the pound. Writing is on the wall for May. More , I am hearing from Canada that Long term traders do not trade pound sterling anymore fearing the value of pound will be nothing. lol. {image}
Out both trade watching now but still have 1 long plus others as this mornings post . Crazy but that confirm could be right . Let's see if this 1 hour bottom holds
  • #477,826
  • May 21, 2019 1:25pm May 21, 2019 1:25pm
Quoting navk
Many here would have got traped in gu long again. Poor.
I think only for looking at my pc I would of been adding at 39 and down into more longs
  • #477,827
  • May 21, 2019 1:27pm May 21, 2019 1:27pm
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?
  • #477,828
  • May 21, 2019 1:34pm May 21, 2019 1:34pm
I too was long but exited when PA failed near 2736. Took a small loss
Intraday only.
  • #477,829
  • Edited 2:14pm May 21, 2019 1:35pm | Edited 2:14pm
If daily closes 1.27 there would be a reversal.1.2875 is first target. Second target is 1.2930.
sell strength in falling markets, and buy weakness in rising markets.
  • #477,830
  • May 21, 2019 1:40pm May 21, 2019 1:40pm
Quoting navk
I too was long but exited when PA failed near 2736. Took a small loss
No disrespect buddy but price action is pointing towards bullish action but wait to see for daily candle close.
sell strength in falling markets, and buy weakness in rising markets.
  • #477,831
  • May 21, 2019 1:49pm May 21, 2019 1:49pm
Quoting htcone
{quote} No disrespect buddy but price action is pointing towards bullish action but wait to see for daily candle close.
Looks like you are new to forex
  • #477,832
  • May 21, 2019 1:56pm May 21, 2019 1:56pm
Quoting KeenPips
The GBPUSD price action is on a northward correction. The major market bias is still bearish. Therefore, if you are taking a long trade on it be sure you don't linger in the market. Trade safe. KP
I think this is the last correction in the third wave.
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  • #477,833
  • May 21, 2019 1:57pm May 21, 2019 1:57pm
Quoting Robst3r
{quote} Looks like you are new to forex
Yes I am as I said no disrespect intended. Just putting my my 2 cents up based on my learning. Let's see tomorrow
sell strength in falling markets, and buy weakness in rising markets.
  • #477,834
  • May 21, 2019 2:26pm May 21, 2019 2:26pm
Footsie dipping.

Imagine the red that's coming 😱😱😱😭😭😭😭😭😭😭👎👎👎👎
Beware of robber banks (RB), bad advisors.
  • #477,835
  • May 21, 2019 2:29pm May 21, 2019 2:29pm
>
Quoting htcone
{quote} No disrespect buddy but price action is pointing towards bullish action but wait to see for daily candle close.
<

Come on guys.

One seems to be small frame guy.🍻👍

20 pips can always be found, even long.🐢

That said I'm not touching long. No reason 😂😱😱😱😱

Just wait, buy at 1.25 next week (so better risk-reward).

But everyone decides for himself 👍👎🍻🍻
Beware of robber banks (RB), bad advisors.
  • #477,836
  • May 21, 2019 2:52pm May 21, 2019 2:52pm
Quoting mik2012
{quote} I think this is the last correction in the third wave. {image}
Hi just as I thought the big long buy turned gangster.
  • #477,837
  • May 21, 2019 3:12pm May 21, 2019 3:12pm
h1
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  • #477,838
  • May 21, 2019 3:38pm May 21, 2019 3:38pm
It may be that pound has already been priced before Brexit in order not to have a black swan.
  • #477,839
  • May 21, 2019 3:43pm May 21, 2019 3:43pm
Quoting Marcieny
It may be that pound has already been priced before Brexit in order not to have a black swan.
a black swan would crash the market so calm down...
Don't Worry Be Happy
  • #477,840
  • May 21, 2019 3:47pm May 21, 2019 3:47pm
SELL GBPUSD right now
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