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Cable Update (GBPUSD)

  • #516,641
  • Apr 16, 2020 1:56am Apr 16, 2020 1:56am
Update on M1.....it broke up but testing down....
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Lost....
  • #516,642
  • Apr 16, 2020 2:05am Apr 16, 2020 2:05am
simple simple simple
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yes yes yes
  • #516,643
  • Apr 16, 2020 2:10am Apr 16, 2020 2:10am
Quoting Moty
simple simple simple {image}
I hope you are right. I traded the H1 inside bar.
Gone to a better place
  • #516,644
  • Apr 16, 2020 2:12am Apr 16, 2020 2:12am
72.long 6 pip stop 75 add and possibly short hedge . But hope not to do that . Target 1.430 lol
  • #516,645
  • Apr 16, 2020 2:20am Apr 16, 2020 2:20am
Quoting elbert3
72.long 6 pip stop 75 add and possibly short hedge . But hope not to do that . Target 1.430 lol
Mmmmmm
  • #516,646
  • Apr 16, 2020 2:28am Apr 16, 2020 2:28am
Trust me, I'm an engineer

Inserted Video
Patience and Discipline.
  • #516,647
  • Apr 16, 2020 2:30am Apr 16, 2020 2:30am
Try again hedge again now 63 long oooo come on
  • #516,648
  • Apr 16, 2020 2:33am Apr 16, 2020 2:33am
Time to buy
  • #516,649
  • Apr 16, 2020 2:37am Apr 16, 2020 2:37am
Quoting Fredo219
Selling now for 30 pips
Moved stop loss to break even.
I don't trust today's price action.
Patience.....
  • #516,650
  • Apr 16, 2020 2:44am Apr 16, 2020 2:44am
Cable is a lost ball in high weeds
Gone to a better place
  • #516,651
  • Apr 16, 2020 2:47am Apr 16, 2020 2:47am
Quoting smikester
Cable is a lost ball in high weeds
Things are only lost when you can’t find them . It’s like trading one just has to look for it
  • #516,652
  • Apr 16, 2020 2:47am Apr 16, 2020 2:47am
Quoting Vincent1
Time to buy
1.25 ~ 1.26 maybe
  • #516,653
  • Apr 16, 2020 2:48am Apr 16, 2020 2:48am
Quoting smikester
Cable is a lost ball in high weeds
Dats a gud analogy...
Don't Leave Money on the Table
  • #516,654
  • Apr 16, 2020 2:51am Apr 16, 2020 2:51am
For any traders here who trades the Swissy...

https://www.forexlive.com/technical-...r-ubs-20200416
Don't Leave Money on the Table
  • #516,655
  • Apr 16, 2020 2:51am Apr 16, 2020 2:51am
Quoting Vincent1
Time to buy
Let's wait for the hourly close. As long as that 50fib is not broken, then yes.
Lost....
  • #516,656
  • Apr 16, 2020 2:57am Apr 16, 2020 2:57am
Yesterday based on hourly chart we had a break of the 2441 low then a retest higher up of resistance around the 1.2600 level, now a new hourly swing trending down which looks typically like an impulse wave ,should this break the 2436 low then the larger trend will have reversed sending it down to maybe somewhere around the 1.2300 level.

The hourly wedge correction is minor correction on the daily so its possible the daily intermediate trend will continue down in a big way.


Trade safe
Follow The Markets Structure - Patience and Discipline
  • #516,657
  • Apr 16, 2020 3:10am Apr 16, 2020 3:10am
Quoting shahab8b
This is a sell into rallies market right now. {image}
GU
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  • #516,658
  • Apr 16, 2020 3:10am Apr 16, 2020 3:10am
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PA Trading with EMAs & common Sense
  • #516,659
  • Apr 16, 2020 3:14am Apr 16, 2020 3:14am
Not sure whether to go and wash the car. It's not going anywhere though, like cable. But if we break 1.2522 cable will tear up the script. That is my opinion.
Gone to a better place
  • #516,660
  • Apr 16, 2020 3:34am Apr 16, 2020 3:34am
Quoting Fredo219
{quote} Moved stop loss to break even. I don't trust today's price action.
BE hit.
Done for the week.
Patience.....
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