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Cable Update (GBPUSD)

  • #516,221
  • Apr 13, 2020 5:15am Apr 13, 2020 5:15am
no clue at all, going long
  • #516,222
  • Apr 13, 2020 5:18am Apr 13, 2020 5:18am
Quoting joesherwood
no clue at all, going long

going long x 4 - tp around 25 and 251
  • #516,223
  • Apr 13, 2020 5:25am Apr 13, 2020 5:25am
anyone got any resources on why this just happened, dont have any resources? not getting in anything else for the moment, tp and sl in place, i believe bulls will pull through, gonna let these positions run

trade safe
  • #516,224
  • Apr 13, 2020 5:25am Apr 13, 2020 5:25am
The bulls have surrendered the M5 average and are about to lose that of M15 too. If WR38 at 2488 does not come to their rescue, it will become smooth sail for the bears
  • #516,225
  • Apr 13, 2020 5:29am Apr 13, 2020 5:29am
not easy ... need more time for bull for now ............................................
  • #516,226
  • Apr 13, 2020 5:31am Apr 13, 2020 5:31am
I will going to short if low break.
  • #516,227
  • Apr 13, 2020 5:32am Apr 13, 2020 5:32am
I believe there is still some pretty strong supports in place that need to be broken before this becomes bear territory. Still unsure as to why the spike though. Loads of volume on it.
  • #516,228
  • Apr 13, 2020 5:33am Apr 13, 2020 5:33am
closed 2x longs +10 - got two running at 1.25 - will see what happens
  • #516,229
  • Apr 13, 2020 5:39am Apr 13, 2020 5:39am
Live session @ 12pm London time, come and ask questions
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  • #516,230
  • Apr 13, 2020 5:40am Apr 13, 2020 5:40am
This is my prediction, will short if it breaks below the channel. Around 1.24700. Aiming for 1.23200.

That's my opinion ofc.
Attached Image (click to enlarge)
Click to Enlarge Name: gbppred..jpg Size: 339 KB
Patience and Discipline.
  • #516,231
  • Apr 13, 2020 5:46am Apr 13, 2020 5:46am
Short 2494, TP 2475
  • #516,232
  • Apr 13, 2020 6:15am Apr 13, 2020 6:15am
Quoting Bydyke
Short 2494, TP 2475
Thank you bears.
However, I expect a strong fight back from the bulls from here (H1 average)
  • #516,233
  • Apr 13, 2020 6:53am Apr 13, 2020 6:53am
Attached Image (click to enlarge)
Click to Enlarge Name: 400019200713_46370.jpg Size: 115 KB


Finally oil war come to end... GBP USD back to down trend
  • #516,234
  • Apr 13, 2020 7:20am Apr 13, 2020 7:20am
Quoting haja
{image} Finally oil war come to end... GBP USD back to down trend
With all the people in lockdown across the planet I can't see Oil rising by much anytime soon....
Don't Leave Money on the Table
  • #516,235
  • Apr 13, 2020 7:34am Apr 13, 2020 7:34am
closed my last 2 longs from earlier in a small lost, but regained instantly from another long from 24780, going short tp 800
  • #516,236
  • Apr 13, 2020 7:34am Apr 13, 2020 7:34am
Please will someone go to the "Forex is Random" thread and tell Mingary he's a jerk!
Gone to a better place
  • #516,237
  • Apr 13, 2020 7:36am Apr 13, 2020 7:36am
Quoting HaLBot
{quote} With all the people in lockdown across the planet I can't see Oil rising by much anytime soon....
There's a shortage of storage which means what? They can't get rid of the stuff. So, no buyers means lower price. It's a fascinating scenario. But guess what, I bet the price doesn't fall much at the gas pumps.
Gone to a better place
  • #516,238
  • Apr 13, 2020 7:59am Apr 13, 2020 7:59am
Typical of GU around this time: no direction. So far, the bulls have been able to defend H1 average (2475). We'll see whether they can build on it or capitulate but that could take up to 2 to 3 hours to materialize
  • #516,239
  • Apr 13, 2020 8:03am Apr 13, 2020 8:03am
Quoting joesherwood
closed my last 2 longs from earlier in a small lost, but regained instantly from another long from 24780, going short tp 800

manually closed x2 at 822, + 16 pips. up 52 pips for the day, gonna call it i think , market hardly going anywhere - just sideways.

trade safe and stay safe


see you guys tomorrow
  • #516,240
  • Apr 13, 2020 8:03am Apr 13, 2020 8:03am
Very thin trading by the look of this chart:

Attached Image (click to enlarge)
Click to Enlarge Name: GbpUsd200413h1.png Size: 41 KB


I expect a bounce down off 1.25, but I expect I will be holding and adding to my longs this week.

Good trading.
Gone to a better place
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