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Cable Update (GBPUSD)

  • #516,961
  • Apr 20, 2020 4:28am Apr 20, 2020 4:28am
i did predict last week Monday we would start off bearish, however i didnt expect such a strong pull back so quickly, v interesting, gonna let this play out for the next hour before i start scalping
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  • #516,962
  • Apr 20, 2020 4:29am Apr 20, 2020 4:29am
Quoting corongumet
1.2520 clear going to 1.2570 clear going to 1.2640 and its clear. I will check my chart. But i will stay safe not clear reversal in daily chart and weekly. And i hope dont judge other people. Its dirty, trading is flexible.
The Daily 200ma comes in @ 2654...
Don't Leave Money on the Table
  • #516,963
  • Apr 20, 2020 4:32am Apr 20, 2020 4:32am
Quoting HaLBot
{quote} The Daily 200ma comes in @ 2654...
I have already reduced it by 10 pips. I hope it but lets see
  • #516,964
  • Apr 20, 2020 4:35am Apr 20, 2020 4:35am
Without a break of 1.2530 or 1.2400 it is a great range trading opp.
Patience and Discipline.
  • #516,965
  • Apr 20, 2020 4:50am Apr 20, 2020 4:50am
STILL one can take long. stop must be 2459.
Intraday only.
  • #516,966
  • Apr 20, 2020 4:50am Apr 20, 2020 4:50am
There's been a selloff of the dollar, boosting GBP
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Don't Leave Money on the Table
  • #516,967
  • Apr 20, 2020 5:01am Apr 20, 2020 5:01am
Quoting trumps
1 hr break down {image}
Resistance produces 1hr rejection
Compulsions can be hard to resist
  • #516,968
  • Apr 20, 2020 5:05am Apr 20, 2020 5:05am
Quoting HaLBot
{quote} I did not close my long @ 2458 then bought in again @ 2440. Hit a road block @ 2475 with 20ema with next road block @ 2480 the hourly 200ma but above that could get to 2514... Bearish below 2460 on this hourly candle
Looks like you use moving averages more or less like me
Now fighting 20ema and 50ema on H1
  • #516,969
  • Apr 20, 2020 5:07am Apr 20, 2020 5:07am
Quoting elbert3
{quote} Morning up early to find I was taken out after taking profit from shorts. Had a couple of wrong trades yesterday. So I now have rethink wtf gone wrong . 12 hour and day 10/20 emas have crossed leading me to think trend is now long .. so is it ??? What could ... could happen is a big range type of trading for the next couple of days thawing 4 hour and 12 hour emas into consolidation.?? Just a thought
Morning as above 4 hour now in consolidating mode . Weekly is short day at this time is long if it goes long out of consolidating 2775 would give way to 3300- area but 2662 is the weekly 20 ema and we know what that could hold
  • #516,970
  • Apr 20, 2020 5:13am Apr 20, 2020 5:13am
Quoting Vincent1
{quote} Looks like you use moving averages more or less like me Now fighting 20ema and 50ema on H1
Apparently the 'Big Boys' use the 20ema so put that on my chart and always run the 100 and 200 simple moving averages. Don't have the 50ema because tradingview charts won't let me unless I pay....
Always have the 100 and 200 because the Pros use em...

This is one of those deep pullbacks I don't like, but bears love
Looking at the 15 minute chart it was so obvious with tweezer tops but I didn't pick it up, guess was expecting at least 2500
Don't Leave Money on the Table
  • #516,971
  • Apr 20, 2020 5:17am Apr 20, 2020 5:17am
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easy to read that one
  • #516,972
  • Apr 20, 2020 5:23am Apr 20, 2020 5:23am
Quoting HaLBot
{quote} Apparently the 'Big Boys' use the 20ema so put that on my chart and always run the 100 and 200 simple moving averages. Don't have the 50ema because tradingview charts won't let me unless I pay.... Always have the 100 and 200 because the Pros use em... This is one of those deep pullbacks I don't like, but bears love Looking at the 15 minute chart it was so obvious with tweezer tops but I didn't pick it up, guess was expecting at least 2500
Morning let’s hope my 20 ema believe is right . Now you have it on your chart have you checked day chart and week chart . We are right in the middle . No mans land . And the month is short at this time and the target could be 10 ema on that one standing at 2770 area also . So there is a lot of down pressure at this time . But DONT FORGET emas lag only use them with other signals. Never ever get complacent.. good luck regards .. ps best be for warned then you should be for armed
  • #516,973
  • Apr 20, 2020 5:26am Apr 20, 2020 5:26am
Quoting elbert3
{image} easy to read that one
Yes good to keep an eye on the one minute chart, needs some practice on that

elbert3 saw you were talking about oil the other day, I think now bears are trying for $10 and can imagine it's where some big buy orders will be sitting...
Saudis want oil @ US$80 but can't even imagine that's gonna happen for a long time...
Don't Leave Money on the Table
  • #516,974
  • Apr 20, 2020 5:30am Apr 20, 2020 5:30am
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yes yes yes
  • #516,975
  • Apr 20, 2020 5:33am Apr 20, 2020 5:33am
Quoting HaLBot
{quote} Yes good to keep an eye on the one minute chart, needs some practice on that elbert3 saw you were talking about oil the other day, I think now bears are trying for $10 and can imagine it's where some big buy orders will be sitting... Saudis want oil @ US$80 but can't even imagine that's gonna happen for a long time now...
Yes 18 dollars looks to be there target I have been buying small lots until I see a good strong move . Mid term looks like 40 dollars so yes half that at this time .
  • #516,976
  • Apr 20, 2020 5:35am Apr 20, 2020 5:35am
Looks like its gonna hammer it down, the last hourly correction looked like an irregular
Follow The Markets Structure - Patience and Discipline
  • #516,977
  • Apr 20, 2020 5:35am Apr 20, 2020 5:35am
Watch 2456 area it broke the 5 min before short break for scalping
  • #516,978
  • Apr 20, 2020 5:35am Apr 20, 2020 5:35am
You can sell now for 20-30 pips.
I don't trade on Mondays tho ✌
Patience.....
  • #516,979
  • Apr 20, 2020 5:36am Apr 20, 2020 5:36am
Quoting HaLBot
{quote} Yes good to keep an eye on the one minute chart, needs some practice on that elbert3 saw you were talking about oil the other day, I think now bears are trying for $10 and can imagine it's where some big buy orders will be sitting... Saudis want oil @ US$80 but can't even imagine that's gonna happen for a long time...
Watch 22.10 20.65 is supporting for now
  • #516,980
  • Apr 20, 2020 5:38am Apr 20, 2020 5:38am
oppssst..
just for a cup of coffee...
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