Disliked{quote} what's your problem with small positions? he is trading real money ! even a small amount of REAL money is better than a 50k DEMO account! - start small - trade it serious with confidence and healthy growth - then make it BIG!! Happy Weekend!!!Ignored
Cable Update (GBPUSD)
- #507,582
- Edited Jan 5, 2020 5:14am Jan 4, 2020 6:00pm | Edited Jan 5, 2020 5:14am
- Joined Sep 2019 | Status: Trader | 1,979 Posts
after checking the charts (daily):
- currently wave 'B' of an A-B-C correction in progress.
- test of 1.2950 support very likely
- up to 1.3350-80 area
- DOWN
- currently wave 'B' of an A-B-C correction in progress.
- test of 1.2950 support very likely
- up to 1.3350-80 area
- DOWN
- #507,583
- Edited 6:48pm Jan 4, 2020 6:27pm | Edited 6:48pm
- Joined Sep 2019 | Status: Trader | 1,979 Posts
...I think it depends very much of your style of trading and what TF you look at. For me this is just a perfect time to buy the deeps of the GBP and accumulate , but guess it depends very much on how big your account is and what can you suport to go negative... /quote] Hold on pal. While post sounds reasonable....It's soooo wrong!!!
Let me explain (and i did before ...). Pound and UK are totally absolutely messed up.
Brexit .
Politics .
- Brexit actually has a deal passed through ...que in "Remember Scotland"?
- US Elections/Impeachment War on Terror 3.0?
Looks like it's ready for another Down move but it's playing around a major TL area.
Can agree with you that this pair is messed but big moves to come with this pair.
- #507,589
- Jan 5, 2020 1:32pm Jan 5, 2020 1:32pm
...I think it depends very much of your style of trading and what TF you look at. For me this is just a perfect time to buy the deeps of the GBP and accumulate , but guess it depends very much on how big your account is and what can you suport to go negative... /quote] Hold on pal. While post sounds reasonable....
Second that was a reply , so in no way i was giving an advice.
- #507,592
- Jan 5, 2020 3:43pm Jan 5, 2020 3:43pm
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Here's my take on the GBPUSD.Its market is under a bearish pressure following the northward rally on the UK GE. On the monthly time frame, market operation printed a bullish candlestick with a significant upper shadow in December 2019, indicating bearish resistance to the bullish drive. On the daily time frame, the evening star formation in mid-December 2019, had a follow-through for a southward drive to the 1.29140 area on December 23, 2019. Thereafter, bulls attempted a retracement to the 61.8/78.6 Fib zone before a southward turnaround. Since then, price action has disposed southward but the market is still in a bullish environment. Although it will take a significant break below the 1.29140 area for a bearish environment to kick in, technically we can expect bears to maintain the current pressure.
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #507,594
- Jan 5, 2020 8:03pm Jan 5, 2020 8:03pm
- Joined Oct 2010 | Status: Trader | 21,478 Posts
Intraday only.
- #507,595
- Jan 5, 2020 8:05pm Jan 5, 2020 8:05pm
- Joined Jun 2015 | Status: Trader | 14,961 Posts
{quote}{quote} You realise that was a post from 23.Dec when...
t was a reply , so in no way i was giving an advice.
Pull your head out of your arsms.
Yeah spell corrector not good 
That thread or my posts ARE NOT about YOU .
Beware of robber banks (RB), bad advisors.
- #507,597
- Jan 5, 2020 11:50pm Jan 5, 2020 11:50pm
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #507,600
- Edited 12:39am Jan 6, 2020 12:25am | Edited 12:39am
- Joined Dec 2018 | Status: Trader | 1,483 Posts
Sell stop 1.30705
Sl: 1.30895
Tp : 1.29995
Dont forget MM heheh
Sl: 1.30895
Tp : 1.29995
Dont forget MM heheh