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Cable Update (GBPUSD)

  • #490,681
  • Aug 25, 2019 7:48am Aug 25, 2019 7:48am
Quoting navk
{quote} I had short trades in GU opened at the end of NY session almost, the fixed TP too. My broker opens trading session 1 hr after other brokers open. Means 6 pm EST. However I called the broker now and get the TP removed ( On a holiday ? ) I could get the TP removed. So I can fix TP later.
My tp is at 0.91067.
I wish i could removed it.
And even so , maybe i will get the open price if it open higher.
My broker open the trading at 17:00 est .
The more reliable rates is 2 hours earlier at investing.com
yes yes yes
  • #490,682
  • Aug 25, 2019 7:56am Aug 25, 2019 7:56am
Quoting Moty
{quote} The more reliable rates is 2 hours earlier at investing.com
ok
Intraday only.
  • #490,683
  • Aug 25, 2019 8:37am Aug 25, 2019 8:37am
Quoting Moty
{quote} This gap thing i never saw before, it's a 100 pips gap at the eur/gbp premarket rate , i believe that at least half of that will stay , it can put me at positive trade situation for the all lot {image} {image}

You will be lucky if the gap is bigger than 10 pips. These crazy weekend price movements happen quite regularly and drop to a minimum when the market opens.
  • #490,684
  • Aug 25, 2019 8:48am Aug 25, 2019 8:48am
Quoting xtradex
{quote} You will be lucky if the gap is bigger than 10 pips. These crazy weekend price movements happen quite regularly and drop to a minimum when the market opens.
This time its different, we had an important speech after market closed. EU and EG will gap up by a lot.
Everyone can see the chart, but only a few can actually read it.
  • #490,685
  • Aug 25, 2019 8:55am Aug 25, 2019 8:55am
Quoting xtradex
{quote} You will be lucky if the gap is bigger than 10 pips. These crazy weekend price movements happen quite regularly and drop to a minimum when the market opens.
usually, yes
Intraday only.
  • #490,686
  • Aug 25, 2019 9:53am Aug 25, 2019 9:53am
Quoting Moty
{quote} This gap thing i never saw before, it's a 100 pips gap at the eur/gbp premarket rate , i believe that at least half of that will stay , it can put me at positive trade situation for the all lot {image} {image}
If EG gaps up 100 points, I'll short
  • #490,687
  • Aug 25, 2019 10:25am Aug 25, 2019 10:25am
Quoting baldmonk
{quote} If EG gaps up 100 points, I'll short
The gbp /aud is 130 pips up and i am short there.
The gap in the eg and gu reduced, this is going to a loss that will hurt me
yes yes yes
  • #490,688
  • Aug 25, 2019 10:29am Aug 25, 2019 10:29am
Quoting Moty
{quote} This gap thing i never saw before, it's a 100 pips gap at the eur/gbp premarket rate , i believe that at least half of that will stay , it can put me at positive trade situation for the all lot {image} {image}
Short EG here so hopefully no gap up also XE always shows gaps it seems. And why are you long EG up here
ex nihilo
  • #490,689
  • Aug 25, 2019 10:38am Aug 25, 2019 10:38am
Inserted Video
  • #490,690
  • Aug 25, 2019 10:49am Aug 25, 2019 10:49am
Technically! Price should go up to 1.2345 from the 1.2280 region on the short term. During the Asian session! GBP might be bought. But on the long term! The general outlook on GBPUSD is bearish and we are still on a downtrend on higher timeframe. Good luck and trade cautiously.
It is all about the foreign exchange market.
  • #490,691
  • Aug 25, 2019 11:59am Aug 25, 2019 11:59am
Still seeing people talk about XE gaps. I’ve seen big gaps before on some pairs on XE and once market opened there was no gap
ex nihilo
  • #490,692
  • Aug 25, 2019 1:15pm Aug 25, 2019 1:15pm
in 1 hour we will get a clear view about the pre market rates.
gu has lost his gap ,
eg still have gap up 40 pips
gbp aud , the gap is Slowly gone
yes yes yes
  • #490,693
  • Aug 25, 2019 1:21pm Aug 25, 2019 1:21pm
Quoting Moty
{quote} This gap thing i never saw before, it's a 100 pips gap at the eur/gbp premarket rate , i believe that at least half of that will stay , it can put me at positive trade situation for the all lot {image} {image}
I don't know your stop loss levels so I can't work it out fully (in pips) but bro you've got the equivalent of a standard lot on a $1300 account no wonder you keep blowing my friend
  • #490,694
  • Aug 25, 2019 1:49pm Aug 25, 2019 1:49pm
GU in pre-market is unchanged.
  • #490,695
  • Aug 25, 2019 2:46pm Aug 25, 2019 2:46pm
o.k now it'S looking a lot better .
only it just stays like that
Attached Image (click to enlarge)
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yes yes yes
  • #490,696
  • Aug 25, 2019 3:48pm Aug 25, 2019 3:48pm
Here's a technical perspective on GBPUSD.

The GBPUSD market is generally ambivalent but we may have short-term change of market mood owing to the Brexit issue. On the daily time frame, a falling channel (blue) is in operation. Presently, bulls are taking price operation northwards within the channel. But they are likely to face a few barriers; for example, the monthly pivot around 1.23270, which adjoins a minor horizontal resistance; and then the channel resistance trendline. At any rate, the technicals support a northward move in the short term; but in the medium term, bears will be poised for a southward continuation.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #490,697
  • Aug 25, 2019 4:35pm Aug 25, 2019 4:35pm
Quoting Moty
in 1 hour we will get a clear view about the pre market rates. gu has lost his gap , eg still have gap up 40 pips gbp aud , the gap is Slowly gone
Calm down man, you"ve got luck last days, dont get a feeling you are unbreakable. Trade safe.
-._.-
  • #490,698
  • Aug 25, 2019 6:00pm Aug 25, 2019 6:00pm
Check out tradingview. Whenever I see that many long calls posted recently, I love selling. No way all those retail longs are going to win.
  • #490,699
  • Aug 25, 2019 7:20pm Aug 25, 2019 7:20pm
Quoting OnlineAddict
{quote} This time its different, we had an important speech after market closed. EU and EG will gap up by a lot.

As expected there was no significant gap. The usual...
  • #490,700
  • Aug 25, 2019 8:12pm Aug 25, 2019 8:12pm
I am done with my shorts opened on Friday.

Now will check after Frankfurt open.
Attached Image (click to enlarge)
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Intraday only.
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