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Cable Update (GBPUSD)

  • #518,481
  • May 1, 2020 2:25am May 1, 2020 2:25am
Quoting tehnoob
I've done it! I've just gone short at 1.2543 Come on baby, turn around now and go south!
Good morning from London! Erm, guys, I exited my short GBP/USD this morning for 7 pips loss, because I wanted to enter short USD/Yen instead and didnt want to have two positions open. I will return when I trade GBP again. I made about 200 pips on GBP this week, so it's been a good pair for this newbie xD. Good luck and pips to all of ya
  • #518,482
  • May 1, 2020 2:38am May 1, 2020 2:38am
first trade of the day , trailing stop at last hourly high , tp open
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yes yes yes
  • #518,483
  • May 1, 2020 2:39am May 1, 2020 2:39am
fire in the hole!
Trading is like fishing. Be patient and enjoy the fight.
  • #518,484
  • May 1, 2020 2:43am May 1, 2020 2:43am
went long at 1.2555, tp @ 1.2581, quick scalp
Trade Like a Robot make money Like a Bank
  • #518,485
  • May 1, 2020 2:44am May 1, 2020 2:44am
This is my view of what the GBP will do over next few days I don't have a vew on particular levels, but roughly the direction and magnitude of the moves I expect from here is a small drop, then an even bigger rise to take out the 'double top' of 1.2640, then a big drop

This is what my golden puffer fish told me will happen! And I believe in my spirit animal.


what do you guys think?
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  • #518,486
  • May 1, 2020 2:44am May 1, 2020 2:44am
Quoting AbbeyRd
fire in the hole!
Not heard that before. Is it a technical term?
Gone to a better place
  • #518,487
  • May 1, 2020 2:47am May 1, 2020 2:47am
Some indications of a visit to North
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #518,488
  • May 1, 2020 2:47am May 1, 2020 2:47am
My first chart of the month. I think it's a pretty obvious scenario. Weak longs closing every hour until someone drops a big chip on the table.

Attached Image (click to enlarge)
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Gone to a better place
  • #518,489
  • May 1, 2020 2:51am May 1, 2020 2:51am
Going to throw in a small long here, 1.2550 looks like some support.
Gone to a better place
  • #518,490
  • May 1, 2020 2:51am May 1, 2020 2:51am
Quoting smikester
My first chart of the month. I think it's a pretty obvious scenario. Weak longs closing every hour until someone drops a big chip on the table. {image}
Smikester drop that big chip M8, I need 2528...

Nice clean chart btw
Don't Leave Money on the Table
  • #518,491
  • May 1, 2020 2:55am May 1, 2020 2:55am
Quoting smikester
Going to throw in a small long here, 1.2550 looks like some support.
Okay think I misunderstood you there, thought you meant it was heading lower??
Don't Leave Money on the Table
  • #518,492
  • May 1, 2020 2:58am May 1, 2020 2:58am
Quoting HaLBot
{quote} Okay think I misunderstood you there, thought you meant it was heading lower??
Sorry if I misled you, my post was not meant to offer any bias, long or short, but I am trying to build long positions. Seriously, though, you are short here?
Gone to a better place
  • #518,493
  • May 1, 2020 3:00am May 1, 2020 3:00am
Quoting smikester
{quote} Sorry if I mislead you, my post was not meant to offer any bias, long or short, but I am trying to build long positions. Seriously, though, you are short here?
Yes only to 2530 area which I thought was easily doable seeing as most of Europe is on holiday....

Don't stress about misleading anyone, were all here to trade our own accounts
Don't Leave Money on the Table
  • #518,494
  • May 1, 2020 3:03am May 1, 2020 3:03am
Quoting HaLBot
{quote} Yes only to 2530 area which I thought was easily doable seeing as most of Europe is on holiday....
You are probably right. It might even go to 1.18. Who knows?
Gone to a better place
  • #518,495
  • May 1, 2020 3:06am May 1, 2020 3:06am
1.2550 has gone. Luckily my long was a stop order at 1.2562. Looking at 1.2539 now. Just going to set some alerts and disappear.
Gone to a better place
  • #518,496
  • May 1, 2020 3:12am May 1, 2020 3:12am
Some so called pro trader here change their basis with every move up and down
sell strength in falling markets, and buy weakness in rising markets.
  • #518,497
  • May 1, 2020 3:17am May 1, 2020 3:17am
Quoting smikester
Going to throw in a small long here, 1.2550 looks like some support.
My answer to that would be... No.
The price is heading towards the Major 50%.
And next week should go down more.
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WT
  • #518,498
  • May 1, 2020 3:29am May 1, 2020 3:29am
Quoting Bartosz77
{quote} My answer to that would be... No. The price is heading towards the Major 50%. And next week should go down more. {image}
Anythings possible with Cable but while DXY is heading lower usually means GU being bought unless money flows into Euro...
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Don't Leave Money on the Table
  • #518,499
  • May 1, 2020 3:29am May 1, 2020 3:29am
downward channle
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yes yes yes
  • #518,500
  • May 1, 2020 3:38am May 1, 2020 3:38am
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as morning tl so let’s see
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