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Cable Update (GBPUSD)

  • #520,001
  • May 13, 2020 12:49am May 13, 2020 12:49am
Quoting moty
{image}
hi moty

are you leaving this trade open into the gdp news????
Discipline is key
  • #520,002
  • May 13, 2020 1:05am May 13, 2020 1:05am
https://www.fxstreet.com/rates-charts/gbpusd

unfazed
Trade Like a Robot make money Like a Bank
  • #520,003
  • May 13, 2020 1:06am May 13, 2020 1:06am
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 13, 2020 1:06am May 13, 2020 1:06am
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 13, 2020 1:07am May 13, 2020 1:07am
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 13, 2020 1:09am May 13, 2020 1:09am
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 13, 2020 1:09am May 13, 2020 1:09am
The Frankfurt's crooks are awake
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yes yes yes
  • #520,008
  • May 13, 2020 1:15am May 13, 2020 1:15am
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 13, 2020 1:21am May 13, 2020 1:21am
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 1:35am May 13, 2020 1:24am | Edited 1:35am
I beginning to wonder
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yes yes yes
  • #520,011
  • May 13, 2020 1:26am May 13, 2020 1:26am
LOOK for some small pull back in London.
Intraday only.
  • #520,012
  • May 13, 2020 1:30am May 13, 2020 1:30am
Quoting navk
LOOK for some small pull back in London.
Snazzy new avatar NAVK
Focus.
  • #520,013
  • May 13, 2020 1:30am May 13, 2020 1:30am
Quoting navk
LOOK for some small pull back in London.
What is your opinion today ?
yes yes yes
  • #520,014
  • May 13, 2020 1:31am May 13, 2020 1:31am
Maybe another test of the lows in London open before up up and away
Patience and Discipline.
  • #520,015
  • May 13, 2020 1:33am May 13, 2020 1:33am
Quoting Moty
I beginning to wonder {image}
Inserted Video
Focus.
  • #520,016
  • May 13, 2020 1:35am May 13, 2020 1:35am
Quoting Moty
{quote} What is your opinion today ?
I think it might go down as of now, though it's tricky
  • #520,017
  • May 13, 2020 1:36am May 13, 2020 1:36am
Quoting Moty
{quote} What is your opinion today ?
2320/40 today .
Intraday only.
  • #520,018
  • May 13, 2020 1:36am May 13, 2020 1:36am
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 13, 2020 1:39am May 13, 2020 1:39am
2300 break before or after london open... is good for R1 of today
Intraday only.
  • #520,020
  • May 13, 2020 1:41am May 13, 2020 1:41am
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yes yes yes
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