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Cable Update (GBPUSD)

  • #516,621
  • Apr 16, 2020 12:37am Apr 16, 2020 12:37am
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PA Trading with EMAs & common Sense
  • #516,622
  • Apr 16, 2020 12:39am Apr 16, 2020 12:39am
Quoting vvm
{image}
Good charts
Gone to a better place
  • #516,623
  • Apr 16, 2020 12:43am Apr 16, 2020 12:43am
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PA Trading with EMAs & common Sense
  • #516,624
  • Apr 16, 2020 12:53am Apr 16, 2020 12:53am
morning all
  • #516,625
  • Apr 16, 2020 12:59am Apr 16, 2020 12:59am
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PA Trading with EMAs & common Sense
  • #516,626
  • Apr 16, 2020 1:05am Apr 16, 2020 1:05am
Quoting elbert3
{quote} Hi can you put up your 12 hour chart so we can see where your 20 ema sits please . Regards E
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12 hour with 20ema
Gone to a better place
  • #516,627
  • Apr 16, 2020 1:13am Apr 16, 2020 1:13am
I will holding my short until tp or sl, and today i dont open position until corrective patern done
  • #516,628
  • Apr 16, 2020 1:13am Apr 16, 2020 1:13am
Quoting trumps
Anticipating consolidation within this range. Monthly is very powerful {image}
Daily hangman off this resistance
Compulsions can be hard to resist
  • #516,629
  • Apr 16, 2020 1:14am Apr 16, 2020 1:14am
Quoting smikester
{quote} {image} 12 hour with 20ema
What does the 20EMA represent? Why 12 hr?
Lost....
  • #516,630
  • Apr 16, 2020 1:17am Apr 16, 2020 1:17am
1M looking like a spring...waiting for the 1030 news as an excuse to uncoil.....
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Lost....
  • #516,631
  • Apr 16, 2020 1:18am Apr 16, 2020 1:18am
It is early days yet but today looks like it will belong to the bears
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  • #516,632
  • Apr 16, 2020 1:19am Apr 16, 2020 1:19am
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PA Trading with EMAs & common Sense
  • #516,633
  • Apr 16, 2020 1:20am Apr 16, 2020 1:20am
Quoting gespiri
{quote} What does the 20EMA represent? Why 12 hr?
Not sure. Elbert asked for it.
Gone to a better place
  • #516,634
  • Apr 16, 2020 1:21am Apr 16, 2020 1:21am
we will..
we will...
break you
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yes yes yes
  • #516,635
  • Apr 16, 2020 1:33am Apr 16, 2020 1:33am
The GBP alone is getting weaker
But USD looks weaker than GBP at the moment, that's why I think Cable will get 1.26 again in the next hours
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  • #516,636
  • Apr 16, 2020 1:48am Apr 16, 2020 1:48am
Quoting Vincent1
The GBP alone is getting weaker But USD looks weaker than GBP at the moment, that's why I think Cable will get 1.26 again in the next hours {image}
I agree but finding the base for this thing is the key....
Lost....
  • #516,637
  • Apr 16, 2020 1:49am Apr 16, 2020 1:49am
Currently trapped in this trade,GBP and USD both weak,looking for a door until things clear up before we milk it
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  • #516,638
  • Apr 16, 2020 1:50am Apr 16, 2020 1:50am
Quoting smikester
{quote} {image} 12 hour with 20ema
Morning . L lot of posts over this 20ema lol . Thanks for posing your chart . Over the years I found big boys like to trade 20 ema . And if you can recall weeks ago I posted something about it . And I just wanted to show my thoughts . My live trading platform I can’t seem to be able to post it or I would of done . I used an other platform a while ago on demo to post charts . My view was. .... you can see the up turn break the 20 and you can see the past where trading short the price is under the line . That’s when about I posted the like trading the 20 .... now you can see to did come back and touch it . And it’s on 2440 zz aso at this time the weekly support .but emas are in the past so NEVER TAKE IT GRANTED.. thanks again and I hope this read makes sense . I really hope it works and we all benifit from it .. regards E
  • #516,639
  • Apr 16, 2020 1:53am Apr 16, 2020 1:53am
I don't have any bias, long or short today. But, here is a chart:

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1. Low on hourly

2. Higher low and a divergent candle (bullish)

3. Engulfing bullish candle

4. Double inside bar

5. UK day open - we have to break this important level. Unlikely, but if we do, this will be a very bullish day
Gone to a better place
  • #516,640
  • Apr 16, 2020 1:54am Apr 16, 2020 1:54am
Quoting smikester
{quote} {image} 12 hour with 20ema
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hope fully this look
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