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Cable Update (GBPUSD)

  • #519,181
  • May 7, 2020 4:48am May 7, 2020 4:48am
I change to bullish bias. SL 23350.
  • #519,182
  • May 7, 2020 4:50am May 7, 2020 4:50am
Quoting Vincent1
{quote} I had your same idea But look what Bailey said, look at the order flor since yesterday NY close It's a trap They want 1.31 first, and then back to 1.20
The spike down to 1.2250-40 could be a real trap. What do u think?
  • #519,183
  • May 7, 2020 4:51am May 7, 2020 4:51am
Quoting Gilaforex13
I change to bullish bias. SL 23350.
If u can hold it for 120 pips it will eventually be a pretty good trade
  • #519,184
  • May 7, 2020 4:53am May 7, 2020 4:53am
Quoting EUROtech
{quote} If u can hold it for 120 pips it will eventually be a pretty good trade
Im not sure, but with my method it change to bullish. If not sideway.
  • #519,185
  • May 7, 2020 4:53am May 7, 2020 4:53am
Quoting Moty
{image}
It may bounce back 1.24470 before down again. Good luck n green pips
  • #519,186
  • May 7, 2020 4:58am May 7, 2020 4:58am
The crooks are playing with the dx .
Get up , get down and shake it all around
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 05-07-2020 12.57.11_1.jpg Size: 115 KB

Another bulls trap
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 05-07-2020 13.01.01_1.jpg Size: 135 KB
yes yes yes
  • #519,187
  • May 7, 2020 5:01am May 7, 2020 5:01am
Quoting EUROtech
{quote} The spike down to 1.2250-40 could be a real trap. What do u think?
Yes, it can be
We need a reason/news to spike down...maybe tomorrow with NFP
But bull will buy everything at 1.2330

You were talking about a broken trendline. Can you post it? So I can see your idea
  • #519,188
  • May 7, 2020 5:06am May 7, 2020 5:06am
My target for bull today 24300. SL 23350.
  • #519,189
  • May 7, 2020 5:18am May 7, 2020 5:18am
@BE for now. Free trade.
SL @23600
  • #519,190
  • May 7, 2020 5:24am May 7, 2020 5:24am
Not sure we are able to get there today, since Cable already past daily ADR, but the target of last move is above 1.2470
Similar pattern on Dragon
Attached Images
  • #519,191
  • May 7, 2020 5:25am May 7, 2020 5:25am
Quoting Bartosz77
{quote} That SL might need to be moved south due to tomorrow's crook drop and reverse.

I almost got stopped out, price dropped to 1.2310, just 4 pips off my stop loss, but then it turned around. This trade is now in profit by 39 pips, ,but the price is still whipsawing around.

I caught my puffer fish screaming as it saw price approach the stop loss. Who said fishes are silent?
Attached Image (click to enlarge)
Click to Enlarge Name: Nooooo.jpg Size: 148 KB
  • #519,192
  • May 7, 2020 5:32am May 7, 2020 5:32am
Quoting Vincent1
Not sure we are able to get there today, since Cable already past daily ADR, but the target of last move is above 1.2470 Similar pattern on Dragon {image} {image}
136 gbp 2990 gu
  • #519,193
  • May 7, 2020 5:35am May 7, 2020 5:35am
Quoting elbert3
{quote} 136 gbp 2990 gu
Attached Image (click to enlarge)
Click to Enlarge Name: D9DB999D-7AD6-4264-83B4-754C550F6FB0.png Size: 379 KB
watch the lines
  • #519,194
  • May 7, 2020 5:37am May 7, 2020 5:37am
70 to 140 pips movement expected by 3pm UK time today, it has been like this past 3 weeks. 3 hours 24 minutes to potential start of this action.
Data + Stat + Risk/Emotions Management
  • #519,195
  • May 7, 2020 5:37am May 7, 2020 5:37am
Quoting tehnoob
{quote} I almost got stopped out, price dropped to 1.2310, just 4 pips off my stop loss, but then it turned around. This trade is now in profit by 39 pips, ,but the price is still whipsawing around. I caught my puffer fish screaming as it saw price approach the stop loss. Who said fishes are silent? {image}
You can keep that trade to at least 1.24625 (my TP is @ 1.27). You can also add more buys if you want to get some more $€£...
WT
  • #519,196
  • May 7, 2020 5:41am May 7, 2020 5:41am
I hope to keep it to 1.2700 too. My puffer fish told me price is going there
  • #519,197
  • May 7, 2020 5:56am May 7, 2020 5:56am
[quote=Vincent1;12924687]{quote} Yes, it can be We need a reason/news to spike down...maybe tomorrow with NFP But bull will buy everything at 1.2330 You were talking about a broken trendline. Can you post it? So I can see your idea[/qu

Sorry, looked at the wrong chart. Nothing broken on daily
  • #519,198
  • May 7, 2020 5:57am May 7, 2020 5:57am
Touch my SL and going up again. Why always me?
  • #519,199
  • May 7, 2020 5:59am May 7, 2020 5:59am
Quoting Marco-Kanto
{quote} Taken 80%, SL set at BE TP at 2318
Stop moved to 2386. Need a close below WS1. Chugging along. Toot toot.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-05-07 at 11.57.09 copy.jpg Size: 143 KB
Focus.
  • #519,200
  • May 7, 2020 5:59am May 7, 2020 5:59am
Quoting Gilaforex13
Touch my SL and going up again. Why always me?
It's all part of this gambling business. Happens to all of us, many times
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