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Cable Update (GBPUSD)

  • #518,881
  • May 5, 2020 4:29am May 5, 2020 4:29am
Looking to go short if it rejects retest of Pivot and daily trend line and bounces off EMA and holds. Rgds, Angus
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  • #518,882
  • May 5, 2020 4:43am May 5, 2020 4:43am
So we go again.
After the news, impulsive downward move, the "50% Major + 38% Minor" magnet is pulling back to the right position.

Therefore:
BUY 1.24371
TP @ 1.24625
WT
  • #518,883
  • May 5, 2020 4:47am May 5, 2020 4:47am
time for some breakfast, will be back in abit, been in trades stupidly quickly around 400 area up currently at 100% SR

up 39 pips for the morning

(the sell was accidental!! that why it was 1 pip tp lol)
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  • #518,884
  • May 5, 2020 5:05am May 5, 2020 5:05am
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yes yes yes
  • #518,885
  • May 5, 2020 5:07am May 5, 2020 5:07am
I got up late today with a headache and decided that today I will not go into a low time frame. I opened a weekly chart and a nice surprise. We're probably now supported by more upward movement. I bought will see
  • #518,886
  • May 5, 2020 5:38am May 5, 2020 5:38am
Quoting Bartosz77
So we go again. After the news, impulsive downward move, the "50% Major + 38% Minor" magnet is pulling back to the right position. Therefore: BUY 1.24371 TP @ 1.24625
And the result:
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WT
  • #518,887
  • Edited 6:04am May 5, 2020 5:39am | Edited 6:04am
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yes yes yes
  • #518,888
  • May 5, 2020 5:47am May 5, 2020 5:47am
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PA Trading with EMAs & common Sense
  • #518,889
  • May 5, 2020 5:54am May 5, 2020 5:54am
M5
closed sell +9
and bought

what a nice day.......

atb vvm
PA Trading with EMAs & common Sense
  • #518,890
  • May 5, 2020 5:57am May 5, 2020 5:57am
Rejected R1 Daily
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  • #518,891
  • May 5, 2020 6:07am May 5, 2020 6:07am
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yes yes yes
  • #518,892
  • May 5, 2020 6:10am May 5, 2020 6:10am
M5

sl to be
TP to 1.2473

atb vvm
PA Trading with EMAs & common Sense
  • #518,893
  • May 5, 2020 6:22am May 5, 2020 6:22am
Its going up
  • #518,894
  • May 5, 2020 6:43am May 5, 2020 6:43am
Out. Sideway for now
  • #518,895
  • May 5, 2020 7:01am May 5, 2020 7:01am
there we go, we are done, another good day, more movement to catch today than yesterday which was nice and to finish on a 100% da im pleased with, time to chill now, catch you all later

Joe
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  • #518,896
  • Edited 7:55am May 5, 2020 7:44am | Edited 7:55am
Double stoploss bad day to me

My evaluation is false entry point
  • #518,897
  • May 5, 2020 8:29am May 5, 2020 8:29am
The GU pushes forward for another upward run.
Looking at the crossing of 245ish
Downside could resume if 2400 is compromised
Attached Image
Keep the Lights on then you can catch the rise from the dark.
  • #518,898
  • May 5, 2020 8:32am May 5, 2020 8:32am
Beware of the 1.27500 area, a significant horizontal resistance.

KP

Quoting ricmaj
The GU pushes forward for another upward run. Looking at the crossing of 245ish Downside could resume if 2400 is compromised {image}
Do your homework, follow the footprints of smart money
  • #518,899
  • May 5, 2020 8:34am May 5, 2020 8:34am
Quoting KeenPips
Beware of the 1.27500 area, a significant horizontal resistance. KP {quote}

ok but 27500 is still far up for now. But i would watch out for it. thanks
Keep the Lights on then you can catch the rise from the dark.
  • #518,900
  • May 5, 2020 8:38am May 5, 2020 8:38am
Yes, far up for day trading but you never can tell. Look at the HTFs - D1 & W1. Any bullish trade will have to reckon with potential sideways, even before you get that far.

KP

Quoting ricmaj
{quote} ok but 27500 is still far up for now. But i would watch out for it. thanks
Do your homework, follow the footprints of smart money
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