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Cable Update (GBPUSD)

  • #519,341
  • May 8, 2020 12:22am May 8, 2020 12:22am
Quoting navk
UK bank holiday today
So should we expect a bull or bear market?
  • #519,342
  • May 8, 2020 12:23am May 8, 2020 12:23am
Quoting navk
people say, very often holy grail in trading. Have you ever tried to find that ? I saw some threads here, with which one can earn maximum pips at some set up. To me, daily, 4 hr and 60 min are important. Finding a support and resistance, most importantly in daily and 4 hr. Then, the signal ? Yes, I use some system ( holy grail to me ), this is the trigger. First step is ensure support and resistance in daily and 4 hr time frame. Then trade in that direction. Targets, one can easily set r1, r2 or s1, s2. One of my friend in Toronto used to discuss...
happy to help any time
yes yes yes
  • #519,343
  • May 8, 2020 12:23am May 8, 2020 12:23am
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yes yes yes
  • #519,344
  • May 8, 2020 12:35am May 8, 2020 12:35am
Quoting Marco-Kanto
{quote} London are at home with their feet up today.
I see, holiday. Let's see if their session will be quiet.
  • #519,345
  • May 8, 2020 1:01am May 8, 2020 1:01am
Quoting Aghostinplai
{quote} So should we expect a bull or bear market?
You can expect a thin market.
Focus.
  • #519,346
  • May 8, 2020 1:07am May 8, 2020 1:07am
Quoting Mitiblotch
{quote} I see, holiday. Let's see if their session will be quiet.
the combination of London holiday and the aspected nfp data release will bring a range bound of 20-30 until the release .
i am planning to scalp for 10-20 every time .
just waiting for price to reach critical area
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yes yes yes
  • #519,347
  • May 8, 2020 2:03am May 8, 2020 2:03am
took long for 30 pips

for a holiday is realy nice asian's range ( 37 pips)
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yes yes yes
  • #519,348
  • May 8, 2020 2:26am May 8, 2020 2:26am
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Gone to a better place
  • #519,349
  • May 8, 2020 2:29am May 8, 2020 2:29am
Morning all.

As bank holiday I’m going to aim for smaller TP but bigger lot sizes. Risk will also be managed accordingly.

im going to be going long throughout the morning.

stay safe and good luck with nfp! I will only be trading London morning like always.
  • #519,350
  • May 8, 2020 2:38am May 8, 2020 2:38am
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yes yes yes
  • #519,351
  • May 8, 2020 2:39am May 8, 2020 2:39am
Quoting smikester
{image}
Great chart

price currently testing the 50 ma on 15M chart

DXY going up
Discipline is key
  • #519,352
  • May 8, 2020 2:44am May 8, 2020 2:44am
Has anyone here tried trading off the NFP hourly candle with any success?
Gone to a better place
  • #519,353
  • May 8, 2020 2:50am May 8, 2020 2:50am
Quoting joesherwood
Morning all. As bank holiday I’m going to aim for smaller TP but bigger lot sizes. Risk will also be managed accordingly. im going to be going long throughout the morning. stay safe and good luck with nfp! I will only be trading London morning like always.
up currently 28 pips, gonna wait for some confirmation before I go in with more buys
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  • #519,354
  • May 8, 2020 2:55am May 8, 2020 2:55am
Quoting smikester
Has anyone here tried trading off the NFP hourly candle with any success?
you can trade it like this .
here what happened last mouth
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yes yes yes
  • #519,355
  • May 8, 2020 2:57am May 8, 2020 2:57am
just announced - queen speech to address the nation at 9pm tonight
  • #519,356
  • May 8, 2020 2:59am May 8, 2020 2:59am
PA is trying to close mid-BB range and broken TL at 1.2364 or DPP at 2.2350.
We'll see....
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Lost....
  • #519,357
  • May 8, 2020 3:06am May 8, 2020 3:06am
Quoting joesherwood
just announced - queen speech to address the nation at 9pm tonight
She's up late. Gangsta granny.
Focus.
  • #519,358
  • May 8, 2020 3:09am May 8, 2020 3:09am
Quoting Marco-Kanto
{quote} She's up late. Gangsta granny.
getting that Friday night rave on haha
  • #519,359
  • May 8, 2020 3:10am May 8, 2020 3:10am
Quoting Wavegarrick
Short swing reversal with my weekly support 1 at 1.23288 a prime candidate. Cheers. {image}
Hi Guys,

Possible long swing reversal in the making. I have entered buy trades with the bounce off my monthly support 1 at 1.22801 and weekly sup 1 at 1.23288 and could enter more on the retrace towards my daily pivot at 1.23517. Today is NFP.

Trade safe,
Cheers.
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Trade to trade another day
  • #519,360
  • May 8, 2020 3:15am May 8, 2020 3:15am
if u only look at classic analysis u will see 2 bearish pattern one target 1.216x and other 1.19xx

so its really scary now to go long in GU even if there is a support and good candles
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