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Cable Update (GBPUSD)

  • #519,141
  • May 7, 2020 2:39am May 7, 2020 2:39am
Quoting Moty
Out most of positions at 1.23928 Moved sl to 1.23880 for the rest Update: all out . 373 $ profit in 2 days so far. I am mister scalper {image}
well done, nobody laughing at you now. thumbs up ,)
  • #519,142
  • May 7, 2020 2:43am May 7, 2020 2:43am
This is stiil berrish bias.
Neck line is checked.
I can put lower tp
But i will not be dreedy.
From daily r1 to daily s1 is normal movement.
Tp is set at 1.23000
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 05-07-2020 10.40.12_1.jpg Size: 116 KB
yes yes yes
  • #519,143
  • May 7, 2020 2:43am May 7, 2020 2:43am
The last h/s bottom to the top of the one we are coming out of moved 400 pips . If if then we should in theory break the high of both h/s on the 4 hour chart
  • #519,144
  • May 7, 2020 2:43am May 7, 2020 2:43am
Quoting Moty
Out most of positions at 1.23928 Moved sl to 1.23880 for the rest Update: all out . 373 $ profit in 2 days so far. I am mister scalper {image}
Patience.....
  • #519,145
  • May 7, 2020 2:44am May 7, 2020 2:44am
Quoting Moty
This is stiil berrish bias. Neck line is checked. I can put lower tp But i will not be dreedy. From daily r1 to daily s1 is normal movement. Tp is set at 1.23000 {image}
is it meaning to say h/s is completed?
Trading is like fishing. Be patient and enjoy the fight.
  • #519,146
  • May 7, 2020 2:51am May 7, 2020 2:51am
Quoting elbert3
The last h/s bottom to the top of the one we are coming out of moved 400 pips . If if then we should in theory break the high of both h/s on the 4 hour chart
500 pips 1st h/s 400 2nd . Do we have a trand 300 ?? Makes 2600 ???
  • #519,147
  • May 7, 2020 2:53am May 7, 2020 2:53am
Quoting DavideCash
Ranging for too long between 1.22 and 1.26, in a few days we will see a relevant breakout, nobody knows where but this is the operativity: buy stop @ 1.26544 (target: 1.3015) sell stop @ 1.2192 (target: 1.1718) https://www.forexfactory.com/davidecash#acct.92 {image}

Again... you guys should better wait the market move and then place a reasonable pending on the right momentum side, rather than betting like gamblers

Yesterday everyone was saying SHORTTT, today they are praying. Nobody knows whether there will be 250 pips up or 250 pips down in a few hours.
  • #519,148
  • May 7, 2020 2:54am May 7, 2020 2:54am
Quoting AbbeyRd
{quote} is it meaning to say h/s is completed?
It will be completed at 1.23466
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 05-07-2020 10.53.31_1.jpg Size: 123 KB
yes yes yes
  • #519,149
  • May 7, 2020 3:00am May 7, 2020 3:00am
Quoting DavideCash
Ranging for too long between 1.22 and 1.26, in a few days we will see a relevant breakout, nobody knows where but this is the operativity: buy stop @ 1.26544 (target: 1.3015) sell stop @ 1.2192 (target: 1.1718) https://www.forexfactory.com/davidecash#acct.92 {image}

You better wait the right momentum and place where the stop orders will give kickstart to a trend.
At the moment everything is possible. Yesterday it 'looked' short, today... If you check my yesterday analysis you will find that I drew a support
and there cable is sit for rebouncing. I repost the same image.

Wait and check the stop orders.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSD_H1_20200507.png Size: 48 KB
  • #519,150
  • May 7, 2020 3:02am May 7, 2020 3:02am
Wow , this is a beautiful hanging man candle .
i think I'm in love .
I will continue to add short orders at a new hourly low.
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 05-07-2020 10.59.06_1.jpg Size: 132 KB


Crooks building here a bulls trap in a fake inverted h&s .
Don't fall for that
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 05-07-2020 11.04.27_1.jpg Size: 133 KB
yes yes yes
  • #519,151
  • May 7, 2020 3:06am May 7, 2020 3:06am
Quoting Moty
Wow , this is a beautiful hanging man candle . i think I'm in love . I will continue to add short orders at a new hourly low.{image} Crooks building here a bulls trap in a fake inverted h&s . Don't fall for that{image}
s1 is good for exit
  • #519,152
  • May 7, 2020 3:06am May 7, 2020 3:06am
Quoting Moty
Wow , this is a beautiful hanging man candle . i think I'm in love . I will continue to add short orders at a new hourly low. {image}

I will continue to add short orders at a new hourly low.
I have seen such comments in the past from you. But I couldn't exactly figure out what does it mean. Does it mean you wait for next 1 hr closure and you place a short at eh lower wick of that hourly candle ? In this case it wicked to 1.2356
  • #519,153
  • May 7, 2020 3:07am May 7, 2020 3:07am
SL set BE+5. TP 12300
  • #519,154
  • May 7, 2020 3:09am May 7, 2020 3:09am
So are we bullish or bearish on the cable for the next 4 hours? I think the trend might correct from yesterday and go bullish...wondering how you guys are in the game?
  • #519,155
  • May 7, 2020 3:10am May 7, 2020 3:10am
cable is bearish shortterm to 1.2170 then it will turn bullish there
  • #519,156
  • May 7, 2020 3:12am May 7, 2020 3:12am
The descent has been halted by H1 average at 2364. Time to go back up
  • #519,157
  • May 7, 2020 3:13am May 7, 2020 3:13am
Quoting Moty
Wow , this is a beautiful hanging man candle . i think I'm in love . I will continue to add short orders at a new hourly low.{image} Crooks building here a bulls trap in a fake inverted h&s . Don't fall for that{image}
This is the real pattern
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 05-07-2020 11.11.34_1.jpg Size: 109 KB
yes yes yes
  • #519,158
  • May 7, 2020 3:18am May 7, 2020 3:18am
Quoting Moty
Wow , this is a beautiful hanging man candle . i think I'm in love . I will continue to add short orders at a new hourly low.{image} Crooks building here a bulls trap in a fake inverted h&s . Don't fall for that{image}
Actually it is a Shoting Star
Sorry Moty, nothing against you
I love candle patterns, they are my main reason to enter a trade, so i like to be precise about
Attached Image
  • #519,159
  • Edited 3:33am May 7, 2020 3:19am | Edited 3:33am
Quoting manojaum
{quote} I will continue to add short orders at a new hourly low. I have seen such comments in the past from you. But I couldn't exactly figure out what does it mean. Does it mean you wait for next 1 hr closure and you place a short at eh lower wick of that hourly candle ? In this case it wicked to 1.2356
At the break, not at the close
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 05-07-2020 11.18.44_1.jpg Size: 93 KB


The drop is coming
Attached Image (click to enlarge)
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yes yes yes
  • #519,160
  • May 7, 2020 3:41am May 7, 2020 3:41am
Quoting DavideCash
{quote} You better wait the right momentum and place where the stop orders will give kickstart to a trend. At the moment everything is possible. Yesterday it 'looked' short, today... If you check my yesterday analysis you will find that I drew a support and there cable is sit for rebouncing. I repost the same image. Wait and check the stop orders. {image} {image}
I have been following your posts closely and they are very helpful. There will definitely be a break out from this 1.22 - 1.26 range and it seems to me that it is 1.26 that will break to 1.2750. in this current week, the expected range is 220 - 300 pips and the current range as at time of typing is 176 pips meaning there is further 80 - 100 pips to break. At this point failure to retain 1.24 is certain invitation to 1.22 this week which could be the possible direction for this week range completion, then a reversal back to 1.25 region will follow days later.

As for this May, I posted the Armageddon of May last week and insisted price will touch 1.23 - 1.22 region which is what we are seeing now. Going forward expect the price to reverse at 1.22 region and a sharp spike to 1.2750 will follow then price will likely end as a doji at 1.24 - 1.25 region. As we all know the pound is capable of sharp moves, so caution, patience, money management and discretion should be applied. Stay safe and trade profitably.
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