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Cable Update (GBPUSD)

  • #480,381
  • Jun 6, 2019 4:36pm Jun 6, 2019 4:36pm
Quoting elbert3
{quote} It looks like you pip price is £20 per pip . I too have similar lots depending on where the price has landed for entry but we also can have a painfull lose .. but and again we keep to the plan and it works out in the long run
I'm running a dollar based account, so $10 or $20/pip depending on where I enter. It's about the entry, if you catch the wave late, then I try to get maybe 100 - 200 pips, those above 250pips is where I entered on the breakout. I then monitor the trade on the daily time frame.

Guz
Charts don't drive price, market conditions drive price...
  • #480,382
  • Jun 6, 2019 4:40pm Jun 6, 2019 4:40pm
Quoting elbert3
{quote} It looks like you pip price is £20 per pip . I too have similar lots depending on where the price has landed for entry but we also can have a painfull lose .. but and again we keep to the plan and it works out in the long run
Here's another tip, I do my chart analysis every Sunday, by Monday morning I know exactly what I'm going to trade and how. I'm prepared for the re-trace (and also comfortable going into a negative) but the most common mistake traders make is closing the trade too early. If you trust your analysis, let it run, especially if you have your levels right.

Guz
Charts don't drive price, market conditions drive price...
  • #480,383
  • Jun 6, 2019 4:43pm Jun 6, 2019 4:43pm
Quoting Marcieny
{quote} Congratulations on your account...it will not be long before I get there!!!
Charts don't drive price, market conditions drive price...
  • #480,384
  • Jun 6, 2019 6:15pm Jun 6, 2019 6:15pm
Quoting Guztro
{quote} Here's another tip, I do my chart analysis every Sunday, by Monday morning I know exactly what I'm going to trade and how. I'm prepared for the re-trace (and also comfortable going into a negative) but the most common mistake traders make is closing the trade too early. If you trust your analysis, let it run, especially if you have your levels right. Guz
Lol if you have seen my posts I do the same . Plan both ways and trade with confidence. Good night
  • #480,385
  • Jun 6, 2019 8:17pm Jun 6, 2019 8:17pm
Morning gays,

I am remain short as yesterday
  • #480,386
  • Jun 6, 2019 8:41pm Jun 6, 2019 8:41pm
Quoting OnlineAddict
{quote} GU is heading towards 2745, not 2600, imho.
I agree..
  • #480,387
  • Jun 6, 2019 9:03pm Jun 6, 2019 9:03pm
Today analysis
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  • #480,388
  • Jun 6, 2019 10:38pm Jun 6, 2019 10:38pm
h1
Attached Image (click to enlarge)
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yes yes yes
  • #480,389
  • Jun 6, 2019 11:16pm Jun 6, 2019 11:16pm
Quoting DailyChart
Anyway I luv Israel women also
Get the krav maga on him!!!
Don't trade what you think. Just what you see!!!
  • #480,390
  • Jun 7, 2019 12:09am Jun 7, 2019 12:09am
Quoting Theoak
{quote} Get the krav maga on him!!!
  • #480,391
  • Jun 7, 2019 12:11am Jun 7, 2019 12:11am
morning all

indicators will tell you to go short.

Im looking to buy above 2700....
in wondering about yourself, you forgot what you came here to be part of
  • #480,392
  • Jun 7, 2019 12:34am Jun 7, 2019 12:34am
Morning . If you can recall my post about EU and GU might stop moving in conjunction with each other ? I am still thinking about it . Since June start Eu has move up a lot more than GU and could it be possible around this time we could see Eu drop 500 pips While Gu goes up . ????
  • #480,393
  • Jun 7, 2019 12:50am Jun 7, 2019 12:50am
Quoting elbert3
Morning . If you can recall my post about EU and GU might stop moving in conjunction with each other ? I am still thinking about it . Since June start Eu has move up a lot more than GU and could it be possible around this time we could see Eu drop 500 pips While Gu goes up . ????
Something has to give way between EU and GU. Pound is really undervalued at the moment, if EU is trading at 1.1260 then GU should be trading at 1.3260 being 2000 pips (20 cents) difference. So as it stands, GU is behind by almost 600 pips (6 cents).

In addition, GU has already done a range of 957 pips this year, while EU has only done 430 pips or thereabouts this year, which means more volatile days await the EU this second half of the year.
Data + Stat + Risk/Emotions Management
  • #480,394
  • Jun 7, 2019 1:00am Jun 7, 2019 1:00am
Failure to break pass 1.2742 is invitation of 1.2560 in the short run before a final surge to 1.3000. The challenge this week is the smallness of the range being 133 pips so far. Perhaps Friday will break 1.2609 or 1.2742 to eke out this 200 pips weekly range.
Data + Stat + Risk/Emotions Management
  • #480,395
  • Jun 7, 2019 1:22am Jun 7, 2019 1:22am
Take a deep breath before diving huh ??
  • #480,396
  • Jun 7, 2019 1:26am Jun 7, 2019 1:26am
Good morning everyone. Everything looks good for buy, but also we can get low to border 1.2645. In this case I can't suppose how mandatory zone breakthrough will goes (little blue rectangle). Second and most beneficial version is go up right now, then roll back from 1.2821 and again up to the zone of yellow line (1.2990). So I'm still looking for buy, but for sure will protect with SL. Good day
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  • #480,397
  • Jun 7, 2019 1:34am Jun 7, 2019 1:34am
Sold @ 1.2702, SL 10 pips
  • #480,398
  • Jun 7, 2019 1:35am Jun 7, 2019 1:35am
Quoting Georginson
{quote} Something has to give way between EU and GU. Pound is really undervalued at the moment, if EU is trading at 1.1260 then GU should be trading at 1.3260 being 2000 pips (20 cents) difference. So as it stands, GU is behind by almost 600 pips (6 cents). In addition, GU has already done a range of 957 pips this year, while EU has only done 430 pips or thereabouts this year, which means more volatile days await the EU this second half of the year.
Comment like this I hang around on this forum. Thanks man.
sell strength in falling markets, and buy weakness in rising markets.
  • #480,399
  • Jun 7, 2019 1:41am Jun 7, 2019 1:41am
Out @ BE
  • #480,400
  • Jun 7, 2019 1:42am Jun 7, 2019 1:42am
Quoting Georginson
Failure to break pass 1.2742 is invitation of 1.2560 in the short run before a final surge to 1.3000. The challenge this week is the smallness of the range being 133 pips so far. Perhaps Friday will break 1.2609 or 1.2742 to eke out this 200 pips weekly range.
I couldn't agree more with you. Weekly is bullish and today is last day of Weekly, while last two days daily has produced bearish pin bar . It is mixed signal. Today is going to be an interesting day. I would go short if price reaches at 1.2740 , there would be lot to gain with 10-15 pips loss. Thanks your comments are meaningful.
sell strength in falling markets, and buy weakness in rising markets.
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