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Cable Update (GBPUSD)

  • #520,001
  • May 12, 2020 10:49pm May 12, 2020 10:49pm
Quoting moty
{image}
hi moty

are you leaving this trade open into the gdp news????
Discipline is key
  • #520,002
  • May 12, 2020 11:05pm May 12, 2020 11:05pm
https://www.fxstreet.com/rates-charts/gbpusd

unfazed
Trade Like a Robot make money Like a Bank
  • #520,003
  • May 12, 2020 11:06pm May 12, 2020 11:06pm
Okay, news are better than expected, but lets see how the market will react in 1h when the London opens.
Patience and Discipline.
  • #520,004
  • May 12, 2020 11:06pm May 12, 2020 11:06pm
Most probably a retest of 1.2000 area , old support became new resistance with the massive up move after the drop back in March, so either a retest before reversing long or a continutation down below 1.2000
Follow The Markets Structure - Patience and Discipline
  • #520,005
  • May 12, 2020 11:07pm May 12, 2020 11:07pm
Quoting stefan90csk
okay, news are better than expected, but lets see how the market will react in 1h when the london opens.
better than expected, but worse than previous
Discipline is key
  • #520,006
  • May 12, 2020 11:09pm May 12, 2020 11:09pm
Quoting Agu
{quote} hi moty are you leaving this trade open into the gdp news????
My tp is 1.22950
I believe it will get there until then.
Then i will look fir another set up .
I don't afraid fron news .
At Friday i traded the nfp without looking
yes yes yes
  • #520,007
  • May 12, 2020 11:09pm May 12, 2020 11:09pm
The Frankfurt's crooks are awake
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yes yes yes
  • #520,008
  • May 12, 2020 11:15pm May 12, 2020 11:15pm
Quoting Marco-Kanto
Bought some at 2291.
Still carrying this one. 50% hedge applied towards the end of NY yesterday, released on news spike down. Target 2393.
Focus.
  • #520,009
  • May 12, 2020 11:21pm May 12, 2020 11:21pm
Possible resistence levels to short:
1.23 Monday and yesterday support
1.2330 yesterday weak support + yesterday open
1.2345 yesterday Bears entry level

D1 and H4 in downtrend, so just looking for short entry
PA gives entry signal
  • #520,010
  • Edited 11:35pm May 12, 2020 11:24pm | Edited 11:35pm
I beginning to wonder
Attached Image(s) (click to enlarge)
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yes yes yes
  • #520,011
  • May 12, 2020 11:26pm May 12, 2020 11:26pm
LOOK for some small pull back in London.
Intraday only.
  • #520,012
  • May 12, 2020 11:30pm May 12, 2020 11:30pm
Quoting navk
LOOK for some small pull back in London.
Snazzy new avatar NAVK
Focus.
  • #520,013
  • May 12, 2020 11:30pm May 12, 2020 11:30pm
Quoting navk
LOOK for some small pull back in London.
What is your opinion today ?
yes yes yes
  • #520,014
  • May 12, 2020 11:31pm May 12, 2020 11:31pm
Maybe another test of the lows in London open before up up and away
Patience and Discipline.
  • #520,015
  • May 12, 2020 11:33pm May 12, 2020 11:33pm
Quoting Moty
I beginning to wonder {image}
Inserted Video
Focus.
  • #520,016
  • May 12, 2020 11:35pm May 12, 2020 11:35pm
Quoting Moty
{quote} What is your opinion today ?
I think it might go down as of now, though it's tricky
  • #520,017
  • May 12, 2020 11:36pm May 12, 2020 11:36pm
Quoting Moty
{quote} What is your opinion today ?
2320/40 today .
Intraday only.
  • #520,018
  • May 12, 2020 11:36pm May 12, 2020 11:36pm
I believe going into london, we'll see a retest of yesterday's daily close towards 2264 region and below before any major move upwards.

any upward move is if that close holds as major support especially 2250 region. any break of it would take us 2230 and below.
Discipline is key
  • #520,019
  • May 12, 2020 11:39pm May 12, 2020 11:39pm
2300 break before or after london open... is good for R1 of today
Intraday only.
  • #520,020
  • May 12, 2020 11:41pm May 12, 2020 11:41pm
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yes yes yes
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