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Cable Update (GBPUSD)

  • #518,721
  • May 4, 2020 4:44am May 4, 2020 4:44am
Quoting Moty
Up up and away{image} New hourly high{image} {image}
I hope this is a demo account Moty... If not, you will lose some big amount of money on those buys...
WT
  • #518,722
  • May 4, 2020 4:51am May 4, 2020 4:51am
2437 another short stop 6 pips
  • #518,723
  • May 4, 2020 5:00am May 4, 2020 5:00am
Quoting elbert3
2437 another short stop 6 pips
Hi E, may I ask why always 6 pip sl? Regards, H.
Fix up, trade sharp ...
  • #518,724
  • May 4, 2020 5:00am May 4, 2020 5:00am
On Wednesday
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20.000K ???????
  • #518,725
  • May 4, 2020 5:00am May 4, 2020 5:00am
Gone short @400

No TP and SL just seeing I can get quick pips
  • #518,726
  • May 4, 2020 5:01am May 4, 2020 5:01am
Quoting joesherwood
Gone short @400 No TP and SL just seeing I can get quick pips
closed 330 +7
  • #518,727
  • May 4, 2020 5:04am May 4, 2020 5:04am
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Quoting Hickson
{quote} Hi E, may I ask why always 6 pip sl? Regards, H.
Big lots is a big lose if it goes tits up and I try to get it close to the next time chart S/r but this morning first one was keen out buy the 6 pip it want to 9 I think but I re entered if you look left on the higher chart you can see what I mean . Regards
  • #518,728
  • May 4, 2020 5:08am May 4, 2020 5:08am
Quoting elbert3
{image}{image}{quote} Big lots is a big lose if it goes tits up and I try to get it close to the next time chart S/r but this morning first one was keen out buy the 6 pip it want to 9 I think but I re entered if you look left on the higher chart you can see what I mean . Regards
Agree, we want the stops to be as tight as possible. The problem only is that often we want to force our sl upon the market. Therefore like you say, important to trade the plan accordingly.
Fix up, trade sharp ...
  • #518,729
  • May 4, 2020 5:10am May 4, 2020 5:10am
Possible targets
1.2494 before NY open
1.2525 30 min before London close
Some Bear has orders at 1.2544 in case of extreme buy condition on lower time frame
  • #518,730
  • May 4, 2020 5:13am May 4, 2020 5:13am
Quoting corongumet
buy stop: 1.24876 SL: 1.24210 TP: 1.25239 Sell Stop: 1.24210 SL: 1.24876 TP: 1.24060 small profit but not problem if its consistance
its my reason for today, and im out.
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  • #518,731
  • May 4, 2020 5:18am May 4, 2020 5:18am
Quoting Hickson
{quote} Agree, we want the stops to be as tight as possible. The problem only is that often we want to force our sl upon the market. Therefore like you say, important to trade the plan accordingly.
totally agree. Now I understand how volatile gu is at the moment. I saw it for my first trade this morning hit a 6 pip SL and then reversed and hit my tp. Just part of the game. I always recommend risk 1%. Trading is literally 10% buying 10% selling and 80% waiting..

patience pays
  • #518,732
  • May 4, 2020 5:20am May 4, 2020 5:20am
Quoting joesherwood
{quote} totally agree. Now I understand how volatile gu is at the moment. I saw it for my first trade this morning hit a 6 pip SL and then reversed and hit my tp. Just part of the game. I always recommend risk 1%. Trading is literally 10% buying 10% selling and 80% waiting.. patience pays
good rule
  • #518,733
  • May 4, 2020 5:21am May 4, 2020 5:21am
will it get down to 1.2250 today, i think due to bank holiday it would be hard but not impossible
  • #518,734
  • May 4, 2020 5:26am May 4, 2020 5:26am
Quoting mkvy
will it get down to 1.2250 today, i think due to bank holiday it would be hard but not impossible
Still v biased for it go down throughout the day. Agree with you there like I said last night Monday effect for the past 3/4 weeks just not comfortable with this movement hardly in anything today...
  • #518,735
  • May 4, 2020 5:27am May 4, 2020 5:27am
Might have to change it to 8 lol
  • #518,736
  • May 4, 2020 5:27am May 4, 2020 5:27am
Quoting mkvy
will it get down to 1.2250 today, i think due to bank holiday it would be hard but not impossible
FYI it's not a bank holiday today in UK - moved to Friday 8th to commemorate WW2 event. Even so, I agree it's slow and currently talk of 100+ pip intraday moves appears unrealistic IMHO. Rgds, Angus
  • #518,737
  • May 4, 2020 5:29am May 4, 2020 5:29am
Quoting adc
{quote} Still seems to be playing out although the target bubble might have to move to the right slightly. Rgds, Angus {image}
This scenario looks pretty much dead now. Rgds, Angus
  • #518,738
  • May 4, 2020 5:34am May 4, 2020 5:34am
Quoting adc
{quote} This scenario looks pretty much dead now. Rgds, Angus
bro it’s so dead right now
  • #518,739
  • May 4, 2020 5:34am May 4, 2020 5:34am
SELL 1.24309
TP 1.24060 (50% Minor)
Attached Image
WT
  • #518,740
  • May 4, 2020 5:34am May 4, 2020 5:34am
Not sure if I should go south further
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