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Cable Update (GBPUSD)

  • #519,881
  • May 12, 2020 7:37am May 12, 2020 7:37am
Quoting Moty
{image}
Corona has slowed things down. Dollar seems more favourable lately
  • #519,882
  • May 12, 2020 7:42am May 12, 2020 7:42am
Quoting Agu
Market is tryna make a break to stay above 2350. Nonetheless, I took a short at 2360 with 20pip SL. I also see the CPI news as a buy the rumour sell the news event
Closed my short at 2353

I expect bulls to take advantage of the bad CPI news to build strong support at 2350 and break for 2400 -50

Hence I'm long at 2355 with 20pip SL
Discipline is key
  • #519,883
  • May 12, 2020 7:43am May 12, 2020 7:43am
Attached Image (click to enlarge)
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Gone to a better place
  • #519,884
  • May 12, 2020 7:45am May 12, 2020 7:45am
the PA today not exciting at all.

No big up and down jumps.

Intraday only.
  • #519,885
  • May 12, 2020 7:50am May 12, 2020 7:50am
Quoting navk
the PA today not exciting at all. No big up and down jumps.
Patience.
This pair normally move between 0800 - 1130 and 1500 - 2000 Geneva time. It's starting.....
Lost....
  • #519,886
  • May 12, 2020 7:50am May 12, 2020 7:50am
1.25 still remains the aim. Still hold tight
Data + Stat + Risk/Emotions Management
  • #519,887
  • May 12, 2020 7:51am May 12, 2020 7:51am
Quoting Georginson
1.25 still remains the aim. Still hold tight
For today or for the week?
Lost....
  • #519,888
  • May 12, 2020 7:52am May 12, 2020 7:52am
Quoting Agu
{quote} Closed my short at 2353 I expect bulls to take advantage of the bad CPI news to build strong support at 2350 and break for 2400 -50 Hence I'm long at 2355 with 20pip SL
Closed at 2361 as 2362 seems the turn back lowpoint.

Taking a chill at the moment.
Discipline is key
  • #519,889
  • May 12, 2020 7:53am May 12, 2020 7:53am
Snoozeville on the Newsville. I have a couple of longs. SL set at BE for the 2.

Attached Image (click to enlarge)
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Focus.
  • #519,890
  • May 12, 2020 8:00am May 12, 2020 8:00am
Quoting gespiri
{quote} For today or for the week?
Minimum long target for the week. Only to be altered if 1.2280 is broken.
Data + Stat + Risk/Emotions Management
  • #519,891
  • May 12, 2020 8:03am May 12, 2020 8:03am
Quoting ozalid
1.2360 buy
I keep buying. I think 1.2410 should visit
  • #519,892
  • May 12, 2020 8:04am May 12, 2020 8:04am
Quoting navk
the PA today not exciting at all. No big up and down jumps.
Daily range is 110 pips , today range is 90 , yesterday was 150 .
So it's ok
yes yes yes
  • #519,893
  • May 12, 2020 8:07am May 12, 2020 8:07am
Quoting smikester
{image}
Or... both broken.

Attached Image (click to enlarge)
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Focus.
  • #519,894
  • May 12, 2020 8:07am May 12, 2020 8:07am
Quoting ozalid
{quote} I keep buying. I think 1.2410 should visit
Must broke 2 trend line and 1 resistance
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  • #519,895
  • May 12, 2020 8:08am May 12, 2020 8:08am
Price don't stopped at 1.23623 for nothing, it's the 50% retracement of a big bearish candle.
I ascpecting 1.22823.
Oops
Attached Image (click to enlarge)
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yes yes yes
  • #519,896
  • May 12, 2020 8:11am May 12, 2020 8:11am
Quoting Moty
{quote} Daily range is 110 pips , today range is 90 , yesterday was 150 . So it's ok
Intraday only.
  • #519,897
  • May 12, 2020 8:23am May 12, 2020 8:23am
Maybe TP1 1.24476 TP2 1.25476
'' Got Green Huh...!!! ''
  • #519,898
  • May 12, 2020 8:30am May 12, 2020 8:30am
Oops
Attached Image(s) (click to enlarge)
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yes yes yes
  • #519,899
  • May 12, 2020 8:30am May 12, 2020 8:30am
Somehow I don’t see it falling more, I think as low as 1.23000.

Thats my opinion tho.
Patience and Discipline.
  • #519,900
  • May 12, 2020 8:32am May 12, 2020 8:32am
Attached Image (click to enlarge)
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little doji on 15 min on the tl, now 2320 has to be stronger to load pressure on the line i would think
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