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Cable Update (GBPUSD)

  • #518,681
  • May 4, 2020 1:27am May 4, 2020 1:27am
Quoting ozalid
Probably today the price will drop to 1.2420. Then I close my sales before the weekend
I am still holding sales. Good profit from Friday
  • #518,682
  • May 4, 2020 1:30am May 4, 2020 1:30am
Quoting Bydyke
{quote} I believe you but the hammer on M15 is coloured short and so I don't think the bulls have woken up yet. Well, the M5 average at 2442 will throw more light shortly
2450 should break for longs. The bearish out look is taken off if 2450 breaks.

generally frankfurt makes high or low.
Intraday only.
  • #518,683
  • May 4, 2020 1:31am May 4, 2020 1:31am
Quoting Georginson
{quote} Great piece of analysis you have got here. Friday bearish move was necessary to correct the weekly range overbought condition and also to drag the 4 hours RSI from 73 back to medium at 50. Most Mays are bearish in nature and the medium term trend is still bearish for a test of 1.22 region. This month is expected to move at least 10 to 140 pips above the opening price which shows 1.2605 - 1.2735 which will not overrule the bearish bias of 1.22. May should have at least 450 pips range and should the rate attempt 1.2735, just subtract 450 pips...
Cheers Georginson, yes the pullback was deeper than I expected, thought there was going to be some upside but headed south on opening
Don't Leave Money on the Table
  • #518,684
  • May 4, 2020 1:31am May 4, 2020 1:31am
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morning
  • #518,685
  • May 4, 2020 1:38am May 4, 2020 1:38am
Attached Image (click to enlarge)
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PA Trading with EMAs & common Sense
  • #518,686
  • May 4, 2020 1:39am May 4, 2020 1:39am
Morning elbert and GD all

When price spiked Friday from 2500 to 2563 I must have traded so well they gave me a rebate....
Actually have no idea why they gave me this money but I aint complainin...LOL
Attached Image (click to enlarge)
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Don't Leave Money on the Table
  • #518,687
  • May 4, 2020 1:40am May 4, 2020 1:40am
m5
solled
PA Trading with EMAs & common Sense
  • #518,688
  • May 4, 2020 1:41am May 4, 2020 1:41am
I will open it and waiting for london session open. Stay safe

If s1 break and not rejected my exit @ s2 for sell and for long my exit R1 today is consolidation for PA. So stay safe
  • #518,689
  • May 4, 2020 1:42am May 4, 2020 1:42am
The bulls have shot down the M5 average. Their next target is the M15 average at 2453.
  • #518,690
  • May 4, 2020 1:45am May 4, 2020 1:45am
Quoting Bydyke
The bulls have shot down the M5 average. Their next target is the M15 average at 2453.
That was fast. EMA 200/H1 at 2454 is now in the way. Will be surprised if we don't make a short trip southwards from here. But the bulls are now awake
  • #518,691
  • May 4, 2020 1:48am May 4, 2020 1:48am
Quoting HaLBot
Morning elbert and GD all When price spiked Friday from 2500 to 2563 I must have traded so well they gave me a rebate.... Actually have no idea why they gave me this money but I aint complainin...LOL {image}
Covid Grant
  • #518,692
  • May 4, 2020 1:54am May 4, 2020 1:54am
Attached Image (click to enlarge)
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PA Trading with EMAs & common Sense
  • #518,693
  • May 4, 2020 1:57am May 4, 2020 1:57am
2462 short 6 pip stop target 2365
  • #518,694
  • May 4, 2020 1:57am May 4, 2020 1:57am
Quoting ozalid
{quote} I am still holding sales. Good profit from Friday
What a bullish move. 1.2460 I will sell more now. Good pyramid
  • #518,695
  • May 4, 2020 2:01am May 4, 2020 2:01am
H4
SL was heted

sell 2. times @ 1.2468
PA Trading with EMAs & common Sense
  • #518,696
  • May 4, 2020 2:02am May 4, 2020 2:02am
Quoting elbert3
{quote} Covid Grant

hahahahahaha yeah that must be it...thanks Boris
Don't Leave Money on the Table
  • #518,697
  • May 4, 2020 2:03am May 4, 2020 2:03am
Quoting Pretense
{quote} not sure what MA's youre using. I'm targeting 1.242 on a sell for the h1 200d sma... Where I will also intitate a Long entry (convergence of h4 50d SMA and h1 200d SMA) h4 100d SMA, I think we will fall through it however. {image} {image}
played out almost to the pip
  • #518,698
  • May 4, 2020 2:06am May 4, 2020 2:06am
Buy stop @ .2472

TP @ .25560
Patience and Discipline.
  • #518,699
  • May 4, 2020 2:07am May 4, 2020 2:07am
Quoting elbert3
2462 short 6 pip stop target 2365
LOL what a synchronization of sales
  • #518,700
  • May 4, 2020 2:18am May 4, 2020 2:18am
Up up and away
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New hourly high
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yes yes yes
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