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Cable Update (GBPUSD)

  • #518,401
  • Apr 30, 2020 10:19am Apr 30, 2020 10:19am
Gonna pop a small lot on it and sell and let it run
  • #518,402
  • Apr 30, 2020 10:24am Apr 30, 2020 10:24am
I scraped quick 8 pips at 200, and I’ve gone in again at 26090TP at 2585

I know I said I’m not going to trade but that was too easy to ignore
  • #518,403
  • Apr 30, 2020 10:29am Apr 30, 2020 10:29am
dt or its 2780 just into short to 2534 or 1st 2568
  • #518,404
  • Apr 30, 2020 10:31am Apr 30, 2020 10:31am
Quoting joesherwood
I scraped quick 8 pips at 200, and I’ve gone in again at 26090TP at 2585 I know I said I’m not going to trade but that was too easy to ignore

running +10 TP and SL in place, may pull profit sooner wait and see
  • #518,405
  • Apr 30, 2020 10:35am Apr 30, 2020 10:35am
if you got into us crude is done well looks to be coming up to 20 dollars so GU could of been matching that , so watch that price
  • #518,406
  • Apr 30, 2020 10:39am Apr 30, 2020 10:39am
30 pip wick doji on 5 min with no wicks as yet to try to find and tl patterns so for now not to easy ..i think thats it for todays high ,,dont quote me thou
  • #518,407
  • Apr 30, 2020 10:53am Apr 30, 2020 10:53am
Wow... that was quiet a move up. Went in short at 1.2580, now waiting for way down... at least a little.
  • #518,408
  • Apr 30, 2020 10:57am Apr 30, 2020 10:57am
Quoting joesherwood
{quote} running +10 TP and SL in place, may pull profit sooner wait and see
closed out at +13 rather take easy money, be back in morning
  • #518,409
  • Apr 30, 2020 10:57am Apr 30, 2020 10:57am
I think this is where we are.

Wave 3 may have been completed at 261.8 (or 1.2643). If so, waiting for wave 4 to complete either at 1.2560 - 1.2592 then up.
The complete cycle could be done at 1.2711 - 1.2740 IMHO......then down deep.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 81 KB
Lost....
  • #518,410
  • Apr 30, 2020 10:59am Apr 30, 2020 10:59am
Quoting gespiri
I think this is where we are. Wave 3 may have been completed at 261.8 (or 1.2643). If so, waiting for wave 4 to complete either at 1.2560 - 1.2592 then up. The complete cycle could be done at 1.2711 - 1.2740 IMHO......then down deep. {image}
I am with you on this.

1.2550 is the level to retrace and then push up 2640 and above.
Intraday only.
  • #518,411
  • Apr 30, 2020 11:00am Apr 30, 2020 11:00am
it might even go up from here 2605
  • #518,412
  • Apr 30, 2020 11:00am Apr 30, 2020 11:00am
RIP=H&S
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Daily.png Size: 35 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #518,413
  • Apr 30, 2020 11:03am Apr 30, 2020 11:03am
Quoting Hetal.Mehta
Wow... that was quiet a move up. Went in short at 1.2580, now waiting for way down... at least a little.
You can set TP for that transaction @ 1.24050 - it will get closed early next week with profit.
WT
  • #518,414
  • Apr 30, 2020 11:04am Apr 30, 2020 11:04am
Quoting navk
{quote} I am with you on this. 1.2550 is the level to retrace and then push up 2640 and above.
I think, in-line with Georginson's analyses, this will open tomorrow around 1.258 - 1.26 for a 140pip move into the 127.xx. However, the wave 4 levels still need to be respected by tomorrow. It's gonna be a volatile day....
Lost....
  • #518,415
  • Apr 30, 2020 11:06am Apr 30, 2020 11:06am
Quoting navk
{quote} I am with you on this. 1.2550 is the level to retrace and then push up 2640 and above.
This is most likely the beginning of a new trend down. Weekly range already done at 280 pips which happens to be a coincidence of April 14 high. 4 hours RSI crossed 73 region which 90% of the time shows reversal is imminent. May is very much around the corner with its likely to drop by at least 400 pips from the high registered this week... It all points at 1.22 - 1.23 region.
Data + Stat + Risk/Emotions Management
  • #518,416
  • Apr 30, 2020 11:11am Apr 30, 2020 11:11am
GU seems interesting
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-05-01 at 12.08.20 AM.png Size: 513 KB
Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #518,417
  • Apr 30, 2020 11:14am Apr 30, 2020 11:14am
Quoting gespiri
{quote} I think, in-line with Georginson's analyses, this will open tomorrow around 1.258 - 1.26 for a 140pip move into the 127.xx. However, the wave 4 levels still need to be respected by tomorrow. It's gonna be a volatile day....
Month May usually gets bearish and today's strong bullish move add credence that May has strong bearish tendency to 1.22 region. Now pay attention to the opening price of May, add maximum of 140 pips to it (might not necessarily buy to 1.2730 region) so a sell from 1.2600 is close to perfect for a target at 1.2300 (ensure your stop loss is set at 1.2750) potential risk of 150 pips for almost definite profit of 300 pips. Stay safe and trade wisely.
Data + Stat + Risk/Emotions Management
  • #518,418
  • Apr 30, 2020 11:14am Apr 30, 2020 11:14am
Quoting elbert3
30 pip wick doji on 5 min with no wicks as yet to try to find and tl patterns so for now not to easy ..i think thats it for todays high ,,dont quote me thou
Attached Image (click to enlarge)
Click to Enlarge Name: 43E35EC9-3331-4885-88EE-C59FCF7E3F5A.png Size: 465 KB
ok
  • #518,419
  • Apr 30, 2020 11:43am Apr 30, 2020 11:43am
Quoting Bones
RIP=H&S {image}
  • #518,420
  • Apr 30, 2020 11:53am Apr 30, 2020 11:53am
The GU is going into overbought conditions, I personally wouldn't look for a buy in the next few days.
Patience and Discipline.
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