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Cable Update (GBPUSD)

  • #516,661
  • Apr 16, 2020 3:39am Apr 16, 2020 3:39am
Quoting smikester
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.

You could be right but i still think its only a correction and bad figures on US unemployment figures could push it up above 1.2522 but maybe not far then reverse but its only my opinion.
Follow The Markets Structure - Patience and Discipline
  • #516,662
  • Apr 16, 2020 3:43am Apr 16, 2020 3:43am
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}
Quoting Vincent1
Time to buy
I don't have yet a clear TP at the moment, hope to get 100 pips each if bulls push
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  • #516,663
  • Apr 16, 2020 3:43am Apr 16, 2020 3:43am
I managed to buy the high and sell the low today. Which cool reversal trader can dream of that? lol ... all in all a pure chop, better sidelines ...
Fix up, trade sharp ...
  • #516,664
  • Apr 16, 2020 3:49am Apr 16, 2020 3:49am
Third rejection of 1.2463 today. Tentative longs here for me...
Gone to a better place
  • #516,665
  • Apr 16, 2020 3:54am Apr 16, 2020 3:54am
This could spike to 1.26 if US numbers are no good
Compulsions can be hard to resist
  • #516,666
  • Apr 16, 2020 3:54am Apr 16, 2020 3:54am
Quoting Hickson
I managed to buy the high and sell the low today. Which cool reversal trader can dream of that? lol ... all in all a pure chop, better sidelines ...
LOL....Yep same here today, but kickin goals and as long as back to 2500ish everythings good
With that surge into london today thought we were seeing 2530 so mentally wasn't ready for drop....
Don't Leave Money on the Table
  • #516,667
  • Apr 16, 2020 3:55am Apr 16, 2020 3:55am
Quoting Hickson
I managed to buy the high and sell the low today. Which cool reversal trader can dream of that? lol ... all in all a pure chop, better sidelines ...
Well done cuz lol
  • #516,668
  • Apr 16, 2020 3:58am Apr 16, 2020 3:58am
Quoting smikester
Third rejection of 1.2463 today. Tentative longs here for me...
come on 20 ema
  • #516,669
  • Apr 16, 2020 3:59am Apr 16, 2020 3:59am
Quoting elbert3
{quote} come on 20 ema
To sell or buy???
Don't Leave Money on the Table
  • #516,670
  • Apr 16, 2020 4:01am Apr 16, 2020 4:01am
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Quoting HaLBot
{quote} To sell or buy???
That is the question .thsts not a good line it might be breached
  • #516,671
  • Apr 16, 2020 4:03am Apr 16, 2020 4:03am
Quoting Hickson
I managed to buy the high and sell the low today. Which cool reversal trader can dream of that? lol ... all in all a pure chop, better sidelines ...
That's funny. I do it all the time.
Gone to a better place
  • #516,672
  • Apr 16, 2020 4:04am Apr 16, 2020 4:04am
Quoting elbert3
{quote} Well done cuz lol
A bit annoying ... after two years exactly BE on the account started then, a slight DD again ... overall it tells me that my risk and MM is pretty good, but my trades are still very bad.
Fix up, trade sharp ...
  • #516,673
  • Apr 16, 2020 4:12am Apr 16, 2020 4:12am
Quoting Hickson
{quote} A bit annoying ... after two years exactly BE on the account started then, a slight DD again ... overall it tells me that my risk and MM is pretty good, but my trades are still very bad.
H don’t worry about that as long as you don’t blow to many accounts and you are still learning . It took me I would say 2 years to some what get more winners than losers . You only fail by failing to learn ... I went for walks with the dogs when I was losing and decipher where I was going wrong away from the pc . You will be ok just don’t over leverage and keep stops tight . But also try to plan on the Sunday what’s gone by regards B
  • #516,674
  • Apr 16, 2020 4:16am Apr 16, 2020 4:16am
Back to opening would be nice...

If we see 2525 today I'm tipping momentum will carry it to at least 2550
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Don't Leave Money on the Table
  • #516,675
  • Apr 16, 2020 4:27am Apr 16, 2020 4:27am
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better .. you can only draw lines on your pc . I think ??
  • #516,676
  • Apr 16, 2020 4:28am Apr 16, 2020 4:28am
Quoting elbert3
{image} better .. you can only draw lines on your pc . I think ??
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4 hour see a big down gap if it fails 2100 are . .but for now play as we go
  • #516,677
  • Apr 16, 2020 4:42am Apr 16, 2020 4:42am
Conflicting numbers now confirmed the 5 min breakout on the above post but 2475 needs to hold I would say . So long order 2500 on
  • #516,678
  • Apr 16, 2020 4:43am Apr 16, 2020 4:43am
Price hesitance to stay alive 1.2500 is clearly inviting 1.2370 considering weekly range still has some grounds to cover. Patience required while this develops.
Data + Stat + Risk/Emotions Management
  • #516,679
  • Apr 16, 2020 4:43am Apr 16, 2020 4:43am
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yes yes yes
  • #516,680
  • Apr 16, 2020 4:44am Apr 16, 2020 4:44am
Quoting elbert3
Conflicting numbers now confirmed the 5 min breakout on the above post but 2475 needs to hold I would say . So long order 2500 on
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