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Cable Update (GBPUSD)

  • #519,081
  • May 6, 2020 3:31pm May 6, 2020 3:31pm
Friday will be interesting though, bank holiday as well as nfp
  • #519,082
  • May 6, 2020 3:34pm May 6, 2020 3:34pm
I entered long at 1.2340 with 34 pips stop loss.

My fish told me DO EEET! DO EET NAO! so I did
Attached Image
  • #519,083
  • May 6, 2020 3:39pm May 6, 2020 3:39pm
Quoting tehnoob
I entered long at 1.2340 with 34 pips stop loss. My fish told me DO EEET! DO EET NAO! so I did {image}
That SL might need to be moved south due to tomorrow's crook drop and reverse.
WT
  • #519,084
  • May 6, 2020 3:43pm May 6, 2020 3:43pm
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it can’t break this line so we kept it in place till it does
  • #519,085
  • May 6, 2020 3:49pm May 6, 2020 3:49pm
Quoting Bartosz77
{quote} That SL might need to be moved south due to tomorrow's crook drop and reverse.
You do realize that forex is the same as poker? how else are the big players going to fulfill their orders. They fake a move to fill their order
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  • #519,086
  • May 6, 2020 4:12pm May 6, 2020 4:12pm
Quoting mkvy
{quote} You do realize that forex is the same as poker? how else are the big players going to fulfill their orders. They fake a move to fill their order {image}
It ain't poker to me anymore...
WT
  • #519,087
  • May 6, 2020 5:13pm May 6, 2020 5:13pm
Quoting Bartosz77
{quote} It ain't poker to me anymore...
then why do you call them crooks moves
  • #519,088
  • May 6, 2020 5:49pm May 6, 2020 5:49pm
Looks like a possible scenario 1.2250 in 9 hours time
Sleep, eat, trade, repeat
Attached Image (click to enlarge)
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  • #519,089
  • May 6, 2020 6:05pm May 6, 2020 6:05pm
Quoting mkvy
{quote} then why do you call them crooks moves
That's what people here call big moves "out of the blue", after which price goes the opposite direction.
WT
  • #519,090
  • May 6, 2020 6:08pm May 6, 2020 6:08pm
1.2335 support broken with ease
  • #519,091
  • May 6, 2020 6:10pm May 6, 2020 6:10pm
Quoting Bartosz77
{quote} That's what people here call big moves "out of the blue", after which price goes the opposite direction.
Well that area of slow confusion was just an expansion of the channel, frustrating as it was. That tight channel from the very top was never going to hold. The out of the blue move was PMI data in the uk, very bad data. Big news moves the market as always
  • #519,092
  • May 6, 2020 6:16pm May 6, 2020 6:16pm
Quoting mkvy
Looks like a possible scenario 1.2250 in 9 hours time Sleep, eat, trade, repeat {image}
A good scenario
  • #519,093
  • May 6, 2020 8:13pm May 6, 2020 8:13pm
is it elliot wave？
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  • #519,094
  • May 6, 2020 9:28pm May 6, 2020 9:28pm
Get ready to fly
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  • #519,095
  • May 6, 2020 9:43pm May 6, 2020 9:43pm
Quoting SCopier
Get ready to fly {image}
stop must be 2314 or 2298
Intraday only.
  • #519,096
  • May 6, 2020 9:47pm May 6, 2020 9:47pm
2375 first and then 2415 likely today if 2310 or 2298 is not broken.

This is most likely scenario.
Intraday only.
  • #519,097
  • May 6, 2020 9:55pm May 6, 2020 9:55pm
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yes yes yes
  • #519,098
  • May 6, 2020 10:04pm May 6, 2020 10:04pm
Attached Image (click to enlarge)
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yes yes yes
  • #519,099
  • May 6, 2020 11:42pm May 6, 2020 11:42pm
Quoting Moty
{image}{image}{image}
moty,

this is your system.

But i play it in different way.

daily and four hour resistance found.

30 min red candle. and no buy ( green dot ) in fx prime. short there.
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Intraday only.
  • #519,100
  • May 6, 2020 11:55pm May 6, 2020 11:55pm
Hi

I think that (gbp bank rate news) help GU to deep down

let’s see

good luck
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