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Cable Update (GBPUSD)

  • #519,421
  • May 8, 2020 7:46am May 8, 2020 7:46am
42 pips after a 20 million job losses... pathetic.

C'mon NFP - do something!
Patience and Discipline.
  • #519,422
  • May 8, 2020 7:48am May 8, 2020 7:48am
Quoting Stefan90csk
42 pips after a 20 million job losses... pathetic. C'mon NFP - do something!
Yeah but the whole world is in the same boat...
Don't Leave Money on the Table
  • #519,423
  • May 8, 2020 7:57am May 8, 2020 7:57am
Quoting Stefan90csk
42 pips after a 20 million job losses... pathetic. C'mon NFP - do something!
Good Samaritan
  • #519,424
  • May 8, 2020 7:59am May 8, 2020 7:59am
Going to short. S 1 may be
  • #519,425
  • May 8, 2020 7:59am May 8, 2020 7:59am
Quoting Stefan90csk
42 pips after a 20 million job losses... pathetic. C'mon NFP - do something!
You do realise that London is closed. This is the biggest market in Forex
  • #519,426
  • May 8, 2020 8:05am May 8, 2020 8:05am
Quoting ozalid
{quote} Good Samaritan
Perhaps 40 million unemployed would be great for your trade.
  • #519,427
  • May 8, 2020 8:09am May 8, 2020 8:09am
Quoting joesherwood
{quote} you hold or pull out at 1.24
my tp is 1.24365
yes yes yes
  • #519,428
  • May 8, 2020 8:10am May 8, 2020 8:10am
nfp breakout strategy
Attached Image (click to enlarge)
Click to Enlarge Name: euh1.png Size: 24 KB
yes yes yes
  • #519,429
  • May 8, 2020 8:12am May 8, 2020 8:12am
Quoting Moty
{quote} my tp is 1.24365
First reaction normally is the one to believe, so yes i agree, but im not going to risk one cent right now
  • #519,430
  • May 8, 2020 8:16am May 8, 2020 8:16am
daily has found a support.

However, 4 hr resistance lies at 2408.

either new 4hr support has to form or 2408 must break.

For me no trades.

I lost some 10 dollars. in the spike down, took the loss and be done with that.

overall a nice day.

will wait for the new opportunity
Intraday only.
  • #519,431
  • May 8, 2020 8:17am May 8, 2020 8:17am
Quoting mkvy
{quote} Perhaps 40 million unemployed would be great for your trade.
I didn't write it maliciously. You can use the money earned on the stock exchange for those in need. How I do it. My wife still participates in charity actions. And what do you do besides buzz in the forum?
  • #519,432
  • May 8, 2020 8:17am May 8, 2020 8:17am
The bulls are making the trip to the DP at 2348 daunting. Once PA can get there, we shall get a clearer picture of how today willl end
  • #519,433
  • May 8, 2020 8:21am May 8, 2020 8:21am
the blue ones are daily support,

red ones are 4hr resistance.

may be 1 pm est candle, one can watch.

friday, day is dead.

nothing more to do for me.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD#M15.png Size: 34 KB
Intraday only.
  • #519,434
  • May 8, 2020 8:26am May 8, 2020 8:26am
Quoting Moty
nfp breakout strategy {image}
One critical aspect i cannot see in the chart. Your stops.. or are they below the chart
  • #519,435
  • May 8, 2020 8:26am May 8, 2020 8:26am
approaching daily low
  • #519,436
  • May 8, 2020 8:31am May 8, 2020 8:31am
I can't be mad, after missing Wednesday due to being ill I though I wouldn't have the most productive week but this morning really went on the attack and paid off, done for the week now. +50 pips for me today, ill be honest I was very lucky for my last two trades to hit TP minutes before NFP but there we go.

due to BH I traded bigger lots but smaller TP and SL, 100% day.

time to relax and bring on Monday

stay safe all, have a good weekend.

Joe
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-05-08 at 14.26.40.png Size: 33 KB
  • #519,437
  • May 8, 2020 8:31am May 8, 2020 8:31am
Quoting ozalid
{quote} How I do it. My wife still participates in charity actions.
Good to hear. There's not enough good Samaritans in this world
Focus.
  • #519,438
  • May 8, 2020 8:38am May 8, 2020 8:38am
Quoting mkvy
{quote} One critical aspect i cannot see in the chart. Your stops.. or are they below the chart
my sl is margin , far far away at 1.22600 zone
daily pivot keeping price from falling
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: dx15.png Size: 39 KB
yes yes yes
  • #519,439
  • Edited 8:54am May 8, 2020 8:44am | Edited 8:54am
Quoting Moty
{quote} my sl is margin , far far away at 1.22600 zone daily pivot keeping price from falling {image} {image}
R1 would be great.. That would break structure, higher high i would be in for a longer term buy if that happens. Although 1.2410 would also be worth considering as a structural break on H1
That would also confirm that the first reaction move is the truth (NFP)
  • #519,440
  • May 8, 2020 8:45am May 8, 2020 8:45am
Keep in good health, stay well, trade safe and your money would roll in.

KP

Quoting joesherwood
I can't be mad, after missing Wednesday due to being ill I though I wouldn't have the most productive week but this morning really went on the attack and paid off, done for the week now. +50 pips for me today, ill be honest I was very lucky for my last two trades to hit TP minutes before NFP but there we go. due to BH I traded bigger lots but smaller TP and SL, 100% day. time to relax and bring on Monday stay safe all, have a good weekend. Joe {image}
Do your homework, follow the footprints of smart money
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