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Cable Update (GBPUSD)

  • #517,981
  • Apr 28, 2020 2:58am Apr 28, 2020 2:58am
1.24800 is my TP for the buy.

That's the upper level of the channel.
Patience and Discipline.
  • #517,982
  • Apr 28, 2020 3:00am Apr 28, 2020 3:00am
Quoting mkvy
{quote} im surprised, i though the price would pull back to where you indicated yesterday, what happened>
The Dollar is fucked today
Patience and Discipline.
  • #517,983
  • Apr 28, 2020 3:01am Apr 28, 2020 3:01am
Solid 1hr bullish close like 30min before it......Daily R1 reached at current Hi...minor 1hr and 4hr price pivot to 2490 with 61.8% fib just above[ of that 2647-2245 move.] 20 50 and 100 ema's crossed upwards to 4hr now at this hi. Feels like more but still only at 32% of 30day average range so far today.
Trader with an Edge.
  • #517,984
  • Apr 28, 2020 3:05am Apr 28, 2020 3:05am
Should be good scalping here 2489 was my high target level but just play it as we see it
  • #517,985
  • Apr 28, 2020 3:09am Apr 28, 2020 3:09am
Quoting Stefan90csk
{quote} The Dollar is fucked today
Quit it with the technical jargon. Us newbies!
Gone to a better place
  • #517,986
  • Apr 28, 2020 3:11am Apr 28, 2020 3:11am
24 pips locked in
now for another 40 pips or more
the channle will not hold
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yes yes yes
  • #517,987
  • Apr 28, 2020 3:14am Apr 28, 2020 3:14am
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PA Trading with EMAs & common Sense
  • #517,988
  • Apr 28, 2020 3:21am Apr 28, 2020 3:21am
Careful that 4 hour candle does not strip out
  • #517,989
  • Apr 28, 2020 3:22am Apr 28, 2020 3:22am
Quoting mkvy
{quote} im surprised, i though the price would pull back to where you indicated yesterday, what happened>
aspect the unaspected.
there are a lot of trap .
now price is above the band , look only for long set up whice mean also buy a new hourly high
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yes yes yes
  • #517,990
  • Apr 28, 2020 3:26am Apr 28, 2020 3:26am
Quoting Stefan90csk
{quote} The Dollar is fucked today
the dollar was fucked up already from friday
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yes yes yes
  • #517,991
  • Apr 28, 2020 3:28am Apr 28, 2020 3:28am
Quoting smikester
{quote} Quit it with the technical jargon. Us newbies!
Are you for real?
Patience and Discipline.
  • #517,992
  • Apr 28, 2020 3:28am Apr 28, 2020 3:28am
Quoting mkvy
Does anyone here hold a trade for more than a few minutes? I'm on a trade thats lasted 1.5 days now, is that a world record here?
Since you asked, my aim is to scalp into week or month long trades, or longer. Mostly, it doesn't work. Obviously.
Gone to a better place
  • #517,993
  • Apr 28, 2020 3:36am Apr 28, 2020 3:36am
Quoting Stefan90csk
{quote} Are you for real?
Compulsions can be hard to resist
  • #517,994
  • Apr 28, 2020 3:37am Apr 28, 2020 3:37am
Quoting smikester
{quote} Quit it with the technical jargon. Us newbies!
Compulsions can be hard to resist
  • #517,995
  • Apr 28, 2020 3:42am Apr 28, 2020 3:42am
Quoting Moty
{image}
That channel had a blowout up earlier, my suspicion was that it was not the real channel to trade countertrend trades as its too shallow.. theres another channel.

It could have break down or break up... but looks like its a break up right now.

1.24 looks like a possible stoploss
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  • #517,996
  • Apr 28, 2020 3:57am Apr 28, 2020 3:57am
There's some very real resistance here at 1.2470 - 1.2480, which can be seen in the left "shoulder" , late March early April. This might cause me to close my weak longs.

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Gone to a better place
  • #517,997
  • Apr 28, 2020 4:00am Apr 28, 2020 4:00am
Quoting trumps
{quote} Now that's a candle
see how it turned out.

2400 to 2408 solid support.

Now one can expect 2500 and above after retrace.
Intraday only.
  • #517,998
  • Apr 28, 2020 4:10am Apr 28, 2020 4:10am
Quoting mkvy
{quote} That channel had a blowout up earlier, my suspicion was that it was not the real channel to trade countertrend trades as its too shallow.. theres another channel. It could have break down or break up... but looks like its a break up right now. 1.24 looks like a possible stoploss {image}
Thats the channel I'm talking about.
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Patience and Discipline.
  • #517,999
  • Apr 28, 2020 4:10am Apr 28, 2020 4:10am
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long off it’s just come out so scalp time
  • #518,000
  • Apr 28, 2020 4:12am Apr 28, 2020 4:12am
i made money. But I should have made big money in the 75 pips move.

anyways, not bad at all.

NY yet to open.

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Intraday only.
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