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Cable Update (GBPUSD)

  • #519,621
  • May 11, 2020 2:58am May 11, 2020 2:58am
my opinion as an inexperienced trader...
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  • #519,622
  • May 11, 2020 3:12am May 11, 2020 3:12am
Quoting Moty
{quote} Maybe it a go here. 1.23578 break of last 15m low {image}
1.2325~1.23?
  • #519,623
  • May 11, 2020 3:19am May 11, 2020 3:19am
Quoting biodunola07
I am not too comfortable selling GU moreso that the price still stays above the trendline support . Double bottom at 15m time frame , I go long from here with a tight stop loss in case it does not play out as planned . {image}
May I ask why does your trendline go through the price on the left hand side of the screen?
Gone to a better place
  • #519,624
  • May 11, 2020 3:23am May 11, 2020 3:23am
[quote=Suj;12931364]{quote} 1.2325~1.23?[/quote my tp is at 1.23000
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yes yes yes
  • #519,625
  • May 11, 2020 3:23am May 11, 2020 3:23am
If 1.2308 holds I may go long again but this pair is not useful to a trend (position) trader while it continues to trade within last month's range.
Gone to a better place
  • #519,626
  • May 11, 2020 3:25am May 11, 2020 3:25am
Quoting Mattiabarso
my opinion as an inexperienced trader... {image}
I have closed long.
  • #519,627
  • May 11, 2020 3:25am May 11, 2020 3:25am
Long held despite 1.2350 broken!
Data + Stat + Risk/Emotions Management
  • #519,628
  • May 11, 2020 3:32am May 11, 2020 3:32am
Quoting biodunola07
I am not too comfortable selling GU moreso that the price still stays above the trendline support . Double bottom at 15m time frame , I go long from here with a tight stop loss in case it does not play out as planned . {image}


My long got smashed as the price broke the support trendline, it was just a little loss. I will take time to watch and study the market to know what next line of action will be
With patience and discipline,you move beyond the sky
  • #519,629
  • May 11, 2020 3:34am May 11, 2020 3:34am
put in long at 1.2330 with tight SL for previous support 1.2350 retest
Discipline is key
  • #519,630
  • May 11, 2020 3:38am May 11, 2020 3:38am
2320 to hold for 2340/50. then 2300 today
Intraday only.
  • #519,631
  • May 11, 2020 3:47am May 11, 2020 3:47am
Bulls trap.
It will go to 1.2300 first
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yes yes yes
  • #519,632
  • May 11, 2020 3:47am May 11, 2020 3:47am
Quoting Bartosz77
{quote} I posted this prediction so I can get verified. I know people who post "after" and claim they knew "before". If my predictions will be extremely opposite to the reality, I shall come back to the forum on Wednesday and apologise everyone for my lack of trading skills. If my prediction gets confirmed, I will reveal my way of thinking.
You might as well start apologizing today
Patience and Discipline.
  • #519,633
  • May 11, 2020 3:48am May 11, 2020 3:48am
Quoting Stefan90csk
{quote} You might as well start apologizing today
I would like to...

(This is the start)
WT
  • #519,634
  • May 11, 2020 3:52am May 11, 2020 3:52am
Quoting Moty
Bulls trap. It will go to 1.2300 first {image} {image}
this may not be a bull trap.

tahe a look at the levels on the DXY

Nonetheless we watch and have confidence in our TP & SL
Discipline is key
  • #519,635
  • May 11, 2020 3:57am May 11, 2020 3:57am
The trend has obviously changed
Patience.....
  • #519,636
  • May 11, 2020 3:59am May 11, 2020 3:59am
Quoting Agu
{quote} this may not be a bull trap. tahe a look at the levels on the DXY Nonetheless we watch and have confidence in our TP & SL
The dx have a lot of room to go up
Everytime that daily pivot and weekly pivot zone is broken ,go for the home run tp , at least daily s2 or r2
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yes yes yes
  • #519,637
  • May 11, 2020 4:03am May 11, 2020 4:03am
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hi

can it break support line or not?

just wait

good luck
  • #519,638
  • May 11, 2020 4:03am May 11, 2020 4:03am
I will diligently hold on to my buy ... Still 1.2550 target.
Data + Stat + Risk/Emotions Management
  • #519,639
  • May 11, 2020 4:05am May 11, 2020 4:05am
Quoting Georginson
I will diligently hold on to my buy ... Still 1.2550 target.
I even added to my buy.
Patience and Discipline.
  • #519,640
  • May 11, 2020 4:06am May 11, 2020 4:06am
Quoting navk
considering the weekly pivots, and weekly close, I see next week bullish action. However , one should consider 1.2380/30 as weekly support levels. Extreme weekly s1 can be 1.2285. Not below this level for the next week. Having said that Monday and tuesday, most probably the price will hit weekly lows.
1.2285 or below, but bullish week, beware
Intraday only.
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