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Cable Update (GBPUSD)

  • #517,481
  • Apr 23, 2020 7:42am Apr 23, 2020 7:42am
Now a break of the 2307 low should suffice for a move south
Follow The Markets Structure - Patience and Discipline
  • #517,482
  • Apr 23, 2020 7:43am Apr 23, 2020 7:43am
Overall downtrend, could see a reversal northbound... or it could continue south. Could always setup an OCO order and try to capitalise on any movement.
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  • #517,483
  • Apr 23, 2020 7:43am Apr 23, 2020 7:43am
Quoting pipfarm
Now a break of the 2307 low should suffice for a move south
  • #517,484
  • Apr 23, 2020 7:54am Apr 23, 2020 7:54am
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yes yes yes
  • #517,485
  • Apr 23, 2020 7:57am Apr 23, 2020 7:57am
Quoting joesherwood
{quote}

lOOKing at too many charts here, back to original it would have to the 2300 where the trend changes from up correction to down
Follow The Markets Structure - Patience and Discipline
  • #517,486
  • Apr 23, 2020 8:01am Apr 23, 2020 8:01am
Quoting Moty
{image} {image} {image}
that is the range of my profit taking, but must be patient
  • #517,487
  • Apr 23, 2020 8:06am Apr 23, 2020 8:06am
It it hits 300 (+5 TP) I’ll be up 2% which I’m happy with. Cable very very choppy. So I think I’ll let my last short play out. Be nice to drop another 100% day
  • #517,488
  • Apr 23, 2020 8:09am Apr 23, 2020 8:09am
Quoting joesherwood
It it hits 300 (+5 TP) I’ll be up 2% which I’m happy with. Cable very very choppy. So I think I’ll let my last short play out. Be nice to drop another 100% day

Once it breaks it should go minimum to the last hourly low, thats a 100 pips there minimum, anything after that is a bonus
Follow The Markets Structure - Patience and Discipline
  • #517,489
  • Apr 23, 2020 8:18am Apr 23, 2020 8:18am
Quoting joesherwood
It it hits 300 (+5 TP) I’ll be up 2% which I’m happy with. Cable very very choppy. So I think I’ll let my last short play out. Be nice to drop another 100% day
TP hit. Scalped short gu throughout the morning a few times. No where near the quantity I usually pump out due to market conditions but +2% I’m pleased with. Time to chill. Stay safe and trade safe all.
  • #517,490
  • Apr 23, 2020 8:23am Apr 23, 2020 8:23am
Quoting Moty
{image} {image} {image}
glad I held. Trust the analysis.
  • #517,491
  • Apr 23, 2020 8:25am Apr 23, 2020 8:25am
Quoting pipfarm
{quote} Once it breaks it should go minimum to the last hourly low, thats a 100 pips there minimum, anything after that is a bonus
thanks PF. Yeah a lot of movement downside is very possible. I’m done for the day, time for a corona and sun bath
  • #517,492
  • Apr 23, 2020 8:44am Apr 23, 2020 8:44am
Quoting joesherwood
{quote} thanks PF. Yeah a lot of movement downside is very possible. I’m done for the day, time for a corona and sun bath
Enjoy the correct corona...
  • #517,493
  • Apr 23, 2020 8:45am Apr 23, 2020 8:45am
Possible.
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  • #517,494
  • Apr 23, 2020 8:57am Apr 23, 2020 8:57am
the crooks are here
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yes yes yes
  • #517,495
  • Apr 23, 2020 8:57am Apr 23, 2020 8:57am
Tired of this awful ranging. If in doubt, stay out. Might look between 15:30 and 16:00 BST for London fix which could catalyse some movement, if there is any. Rgds, Angus
  • #517,496
  • Apr 23, 2020 9:12am Apr 23, 2020 9:12am
Quoting Moty
the crooks are here {image}
Thats what you get at short term trading micro trendlines
  • #517,497
  • Apr 23, 2020 9:16am Apr 23, 2020 9:16am
Quoting mkvy
{quote} Thats what you get at short term trading micro trendlines
whats with the toxicity, let people trade how then wanna trade, dont get why people come in here and say stuff like that, i aint arguing with you but damn dont be like that man come on
  • #517,498
  • Apr 23, 2020 9:17am Apr 23, 2020 9:17am
Quoting YvonneVon
Possible. {image}
just too short term, should have been selling from the highs about 6 days ago
  • #517,499
  • Apr 23, 2020 9:20am Apr 23, 2020 9:20am
don't worry be happy.
dx just made a pull back to daily pivot.
nothing changed
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yes yes yes
  • #517,500
  • Apr 23, 2020 9:21am Apr 23, 2020 9:21am
6 days ive been holding onto the sell... possible i'll just out if it hits the stop
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