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Cable Update (GBPUSD)

  • #518,761
  • May 4, 2020 6:47am May 4, 2020 6:47am
Quoting joesherwood
{quote} Nice shorts bro
not a good biginning to the week.

If the price retraces close to 2500, I am saved.
Intraday only.
  • #518,762
  • May 4, 2020 6:49am May 4, 2020 6:49am
this week would be bearish week, 1.2300 is the level for this week.

So, I would not be surprised if the price retrace back to 2400/2450 sometime tomorrow.
Intraday only.
  • #518,763
  • May 4, 2020 6:51am May 4, 2020 6:51am
Quoting Ayax.TSS
#GBPUSD / Weekly & H4 {image}{image}{image}{image}
N. 2 is the best
But I have 1.50 target
Ok H4 Bulls will try to buy just under 1.19
IMHO
  • #518,764
  • May 4, 2020 6:56am May 4, 2020 6:56am
Up up and away, I'm break even and in profit in the making
Attached Image(s) (click to enlarge)
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yes yes yes
  • #518,765
  • May 4, 2020 6:59am May 4, 2020 6:59am
Quoting ongtrumvn99
SHORT GU 1.2448 TARGET 1.200000000000000000000000000000000000000000000000000000000
closed +20
SCALP WIN
  • #518,766
  • May 4, 2020 7:00am May 4, 2020 7:00am
LONG GU 1.2438
SCALP WIN
  • #518,767
  • May 4, 2020 7:03am May 4, 2020 7:03am
might be a LH LL and back up
Attached Image (click to enlarge)
Click to Enlarge Name: gu update.PNG Size: 42 KB
Precise Execution!
  • #518,768
  • May 4, 2020 7:07am May 4, 2020 7:07am
Quoting navk
{quote} not a good biginning to the week. If the price retraces close to 2500, I am saved.
Trust to your rule bro. I hope today it needs to be evaluated

last week i lost $100 to reset my strategy. $100 in my country very expansive. But now i will get it back. Its process ..

good luck
  • #518,769
  • May 4, 2020 7:08am May 4, 2020 7:08am
Quoting navk
if 2408 breaks, forget longs, but scalping is fine
what timeframe u use for closed candle m8
  • #518,770
  • May 4, 2020 7:10am May 4, 2020 7:10am
Quoting ongtrumvn99
LONG GU 1.2438
HOLD
Attached Image (click to enlarge)
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SCALP WIN
  • #518,771
  • May 4, 2020 7:23am May 4, 2020 7:23am
It's very logic to go from dily s2 back to the daily pivot ,i i ha seen cases that it went to yhe opposite daily r2
Attached Image (click to enlarge)
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yes yes yes
  • #518,772
  • May 4, 2020 7:30am May 4, 2020 7:30am
Quoting Moty
It's very logic to go from dily s2 back to the daily pivot ,i i ha seen cases that it went to yhe opposite daily r2 {image}
yeah this is rare to happen like this.

I was expecting s1 to pivot.

Today straight to s2.

5 continuous bearish sessions.

Now NY is retracing. I expect 38 % retrace for the whole fall.

2640 to 2404 is 236 pips.

38 % roughly 80 to 90 pips.

so, I would expect price to hold below 2500.
Intraday only.
  • #518,773
  • May 4, 2020 7:32am May 4, 2020 7:32am
TARGET 1.2510
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH40405A.png Size: 59 KB
SCALP WIN
  • #518,774
  • May 4, 2020 7:41am May 4, 2020 7:41am
Quoting ongtrumvn99
LONG GU 1.2438
-10

SHORT 1.2428
SCALP WIN
  • #518,775
  • May 4, 2020 7:47am May 4, 2020 7:47am
I’m back from a couple hours break. Gone short at 240
  • #518,776
  • May 4, 2020 7:47am May 4, 2020 7:47am
Quoting ongtrumvn99
{quote} -10 SHORT 1.2428
HOLD AND HOPE
Attached Image (click to enlarge)
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SCALP WIN
  • #518,777
  • May 4, 2020 7:49am May 4, 2020 7:49am
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 05-04-2020 15.48.26_1.jpg Size: 121 KB
yes yes yes
  • #518,778
  • May 4, 2020 7:50am May 4, 2020 7:50am
Quoting joesherwood
I’m back from a couple hours break. Gone short at 240
closed at +6. Up 1% today in total from this morning. Came back from our first trade being a loss. Just to slow and boring for me, aim for way more than that but I’m not forcing trades for the sake of it. Think I’m gonna call it guys. Nice work. See you later

trade safe
  • #518,779
  • May 4, 2020 7:54am May 4, 2020 7:54am
In case anyone wants to know why GBPUSD acted like this today:

Quoting Bartosz77
{quote} Few steps needed. 1. Set your graph to Monthly time frame. 2. On that TF draw Fib starting from top of December 2019 to bottom of March 2020. (Let's say this is the MAJOR Fib) 3. Set graph to H4. 4. Draw Fib starting from bottom of 2020.04.07 to top of 2020.04.14 (This will be the MINOR Fib) Now... look at how market acts around a very specific area. There are two lines - 50% of MAJOR and 38.2% of MINOR almost at the same position. You can see how many times the market has gone over two of them - went back - gone below - went back up - and so on, and so on... I got over 20 transactions in profit basing just on these two lines. Enjoy your profits {image}
And today we had another swing around the level I marked two weeks ago (1.24625).

Results of finding this pattern (just from today):

Attached Image
WT
  • #518,780
  • May 4, 2020 8:09am May 4, 2020 8:09am
Quoting navk
{quote} yeah this is rare to happen like this. I was expecting s1 to pivot. Today straight to s2. 5 continuous bearish sessions. Now NY is retracing. I expect 38 % retrace for the whole fall. 2640 to 2404 is 236 pips. 38 % roughly 80 to 90 pips. so, I would expect price to hold below 2500.
navk, you need a lot of help from NY boys...but anything is possible.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
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