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Cable Update (GBPUSD)

  • #516,241
  • Apr 13, 2020 8:21am Apr 13, 2020 8:21am
https://www.express.co.uk/finance/ci...easures-lifted

That could easily drive cable down in the next couple days/weeks
  • #516,242
  • Apr 13, 2020 8:49am Apr 13, 2020 8:49am
Attached Image (click to enlarge)
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could be going back to this line 2440 area
  • #516,243
  • Apr 13, 2020 8:53am Apr 13, 2020 8:53am
Quoting elbert3
{image}could be going back to this line 2440 area
Attached Image (click to enlarge)
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watching this Range
  • #516,244
  • Apr 13, 2020 8:54am Apr 13, 2020 8:54am
Quoting elbert3
{quote} {image} watching this Range
.....or could double top at the 1.2537 area too....
Lost....
  • #516,245
  • Apr 13, 2020 9:04am Apr 13, 2020 9:04am
Quoting gespiri
{quote} .....or could double top at the 1.2537 area too....
5min and 15min MACD just turned positive....
Lost....
  • #516,246
  • Apr 13, 2020 9:08am Apr 13, 2020 9:08am
Quoting gespiri
{quote} 5min and 15min MACD just turned positive....
Looks like some bull's there.

Stay safe
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #516,247
  • Apr 13, 2020 10:32am Apr 13, 2020 10:32am
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careful here look left watch for sign
Quoting gespiri
{quote} .....or could double top at the 1.2537 area too....
  • #516,248
  • Apr 13, 2020 10:33am Apr 13, 2020 10:33am
Just popped on to look and chart and damn!!! Wish I held my 2 longs at 25 which I took small losses on?!? I broke my patience pays rule who was saying about bears earlier???
  • #516,249
  • Apr 13, 2020 10:39am Apr 13, 2020 10:39am
i think this breakup is valid .
i manage to get some bear's pips on the pull back and got out .
tommorow i will return to my strategy .
" i will buy new hourly high
Attached Image(s) (click to enlarge)
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yes yes yes
  • #516,250
  • Apr 13, 2020 11:11am Apr 13, 2020 11:11am
Be careful how you trade cable. It's still in a range, 1.24260/1.25375.

Stay safe, trade safe.

KP
Do your homework, follow the footprints of smart money
  • #516,251
  • Apr 13, 2020 11:14am Apr 13, 2020 11:14am
See attached; range bound by magenta horizontal lines.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4_April 13, 2020.png Size: 38 KB


Quoting KeenPips
Be careful how you trade cable. It's still in a range, 1.24260/1.25375. Stay safe, trade safe. KP
Do your homework, follow the footprints of smart money
  • #516,252
  • Apr 13, 2020 11:18am Apr 13, 2020 11:18am
Quoting joesherwood
Just popped on to look and chart and damn!!! Wish I held my 2 longs at 25 which I took small losses on?!? I broke my patience pays rule who was saying about bears earlier???
trading is not a matter of where you should go, whether up or down. one important component is discipline
  • #516,253
  • Apr 13, 2020 11:22am Apr 13, 2020 11:22am
Good you took the loss, a small one. What happens if it had been worse? Talking about hindsight, mate.

KP

Quoting joesherwood
Just popped on to look and chart and damn!!! Wish I held my 2 longs at 25 which I took small losses on?!? I broke my patience pays rule who was saying about bears earlier???
Do your homework, follow the footprints of smart money
  • #516,254
  • Apr 13, 2020 11:26am Apr 13, 2020 11:26am
You can say that again, discipline is key. Interestingly some of us here believe in 'hoping' or 'praying' for trades to go our way after we have made a mess of our entries. perhaps, because of a lack of discipline.

KP

Quoting corongumet
{quote}...one important component is discipline
Do your homework, follow the footprints of smart money
  • #516,255
  • Apr 13, 2020 11:44am Apr 13, 2020 11:44am
Quoting KeenPips
You can say that again, discipline is key. Interestingly some of us here believe in 'hoping' or 'praying' for trades to go our way after we have made a mess of our entries. perhaps, because of a lack of discipline. KP {quote}
Even though I'm new to trading, every week I evaluate everything, from money management to my strategy
  • #516,256
  • Apr 13, 2020 11:49am Apr 13, 2020 11:49am
Good point mate, but stay focused and keep doing that. Also keep learning and be humble; the markets know how to cruelly humble arrogant traders.

KP

Quoting corongumet
{quote} Even though I'm new to trading, every week I evaluate everything, from money management to my strategy
Do your homework, follow the footprints of smart money
  • #516,257
  • Apr 13, 2020 12:07pm Apr 13, 2020 12:07pm
Talking about seesaw markets, virtually all GBP major crosses are sideways atm.

Stay safe, trade safe.

KP

Quoting KeenPips
Be careful how you trade cable. It's still in a range, 1.24260/1.25375. Stay safe, trade safe. KP
Do your homework, follow the footprints of smart money
  • #516,258
  • Apr 13, 2020 12:35pm Apr 13, 2020 12:35pm
Waiting for tomorrow
The Boys in London don't trade since Thursday, finally tomorrow we can see some volume and money in the market
Attached Image (click to enlarge)
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  • #516,259
  • Apr 13, 2020 12:39pm Apr 13, 2020 12:39pm
Quoting KeenPips
You can say that again, discipline is key. Interestingly some of us here believe in 'hoping' or 'praying' for trades to go our way after we have made a mess of our entries. perhaps, because of a lack of discipline. KP {quote}
I’m quite new to forex trading. How do you best determine entry points?
  • #516,260
  • Apr 13, 2020 12:44pm Apr 13, 2020 12:44pm
Attached Image (click to enlarge)
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yes yes yes
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