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Cable Update (GBPUSD)

  • #519,201
  • May 7, 2020 6:01am May 7, 2020 6:01am
GBP price still not showing any signs of serious recovery, despite the rise of past few hours. Longs should not exactly feel optimistic right now xD
  • #519,202
  • May 7, 2020 6:07am May 7, 2020 6:07am
Please break 23800.
  • #519,203
  • May 7, 2020 6:08am May 7, 2020 6:08am
This will not end up well for a lot.

I'm only entering trades if/when price reach 1.22 - 1.2250 (long) with TP -50.
The PA is too risky at this time......
Lost....
  • #519,204
  • May 7, 2020 6:11am May 7, 2020 6:11am
Attached Image (click to enlarge)
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WAHT A MESS
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #519,205
  • May 7, 2020 6:16am May 7, 2020 6:16am
Quoting Moty
{image}{image}WAHT A MESS{image}{image}
Good charts
  • #519,206
  • May 7, 2020 6:34am May 7, 2020 6:34am
I agree, but price is in a trap between 1.2308 and 1.2400
Gone to a better place
  • #519,207
  • May 7, 2020 6:39am May 7, 2020 6:39am
the drop is coming
Attached Image(s) (click to enlarge)
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yes yes yes
  • #519,208
  • May 7, 2020 6:41am May 7, 2020 6:41am
Some expansion, but still aiming for 1.2250, just a bit later than expected
Attached Image (click to enlarge)
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  • #519,209
  • May 7, 2020 6:49am May 7, 2020 6:49am
Check eurgbp. You will know gbp strong or not. Ithink eur better than GU. So i think gu will drop
  • #519,210
  • May 7, 2020 7:00am May 7, 2020 7:00am
i think 235 to 24 is trap, if 5min chart continue to go up, you will know you have to change potition. goodluck all
end of the month, u r already a winner
  • #519,211
  • May 7, 2020 7:02am May 7, 2020 7:02am
Quoting corongumet
Check eurgbp. You will know gbp strong or not. Ithink eur better than GU. So i think gu will drop
i tell you the truth, once I used the Euro Pounds because it is reverse correlated with Pound Dollar in 98% .
but there are sometimes deceptions there that the Euro can strengthen with the pound against the dollar, but the Euro can be a little stronger than the Pound , and then the Euro Pound goes up with them and then you start Get confused.
Yes, the reverse against the dollar is not perfect for the pound, but I prefer it as well as direct pound dollar analysis
yes yes yes
  • #519,212
  • Edited 7:22am May 7, 2020 7:12am | Edited 7:22am
yes !!!!!
Attached Image(s) (click to enlarge)
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yes yes yes
  • #519,213
  • May 7, 2020 7:14am May 7, 2020 7:14am
Quoting Moty
{quote} i tell you the truth, once I used the Euro Pounds because it is reverse correlated with Pound Dollar in 98% . but there are sometimes deceptions there that the Euro can strengthen with the pound against the dollar, but the Euro can be a little stronger than the Pound , and then the Euro Pound goes up with them and then you start Get confused. Yes, the reverse against the dollar is not perfect for the pound, but I prefer it as well as direct pound dollar analysis
Yes i trust about it.and i using your indi. Its perfect to using at h1 and combine with auto pivot point.
  • #519,214
  • May 7, 2020 7:16am May 7, 2020 7:16am
Quoting Marco-Kanto
{quote} Stop moved to 2386. Need a close below WS1. Chugging along. Toot toot. {image}
SL remains unchanged TP moved to 2262 for a possible move down on the unemployment news. Who knows?
Focus.
  • #519,215
  • May 7, 2020 7:38am May 7, 2020 7:38am
Quoting navk
2375 first and then 2415 likely today if 2310 or 2298 is not broken. This is most likely scenario.
Always trade your own plan...I don't provide trading signals.
  • #519,216
  • May 7, 2020 7:47am May 7, 2020 7:47am
Difficult to put any meaning on the unemployment news other than it is falling from unacceptable levels. Hence the recovery in stocks. Well, a weaker dollar caused by funds pouring out of cash into investment.
Gone to a better place
  • #519,217
  • May 7, 2020 7:52am May 7, 2020 7:52am
Quoting Marco-Kanto
{quote} SL remains unchanged TP moved to 2262 for a possible move down on the unemployment news. Who knows?
Added some more at 2355. SL at combined BE, TP at 2262.
Focus.
  • #519,218
  • May 7, 2020 8:00am May 7, 2020 8:00am
keep trying you piece of s**t , you can't shake me
Attached Image(s) (click to enlarge)
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yes yes yes
  • #519,219
  • May 7, 2020 8:02am May 7, 2020 8:02am
Do most people here use 5 minute charts?
  • #519,220
  • May 7, 2020 8:03am May 7, 2020 8:03am
Quoting mkvy
Do most people here use 5 minute charts?

m15/m30/h1 for short term after u cfm long term biasness.
Trading is like fishing. Be patient and enjoy the fight.
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