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Cable Update (GBPUSD)

  • #520,761
  • May 15, 2020 1:20pm May 15, 2020 1:20pm
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sneeeky cable . Careful last minute moves before closing
  • #520,762
  • May 15, 2020 1:28pm May 15, 2020 1:28pm
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gbj could be influence to gu
  • #520,763
  • May 15, 2020 2:00pm May 15, 2020 2:00pm
Quoting DailyChart
Yes yes Keep buying and hold your long positions all please so I can keep collect all of your monies ~ It's been a long time since I am not active at here and it also seem that moty and his buddies still never change and keep averaging loss and trade blindly although I'm not surprise at all .. people never learn because human hard to change,Pattern keep repeat {image} {image} {image} {image}
A very bad way to show off and insult a fellow trader.
  • #520,764
  • May 15, 2020 2:03pm May 15, 2020 2:03pm
Quoting Georginson
Maximum range of last 6 weeks attained (1.2437 - 1.2114) 323 Pips. 4 Hours RSI read 28.6 which reads extreme oversold. Take off after these scenarios are usually between 200 - 450 pips. 1.2314 - 1.2564 expected levels...
I like your range studies. Closing the day below 2165 will give bulls a really hard time.
  • #520,765
  • May 15, 2020 2:07pm May 15, 2020 2:07pm
Another buy-scalp
Risk Management is of utmost importance!
  • #520,766
  • May 15, 2020 2:11pm May 15, 2020 2:11pm
Anyone using ICMarkets and had the market closed?

I want to know what the spreads at the end of the day might be.
Patience and Discipline.
  • #520,767
  • May 15, 2020 2:14pm May 15, 2020 2:14pm
Quoting RCtrader
Another buy-scalp
It could barely stay near the daily pivot today. That was the warning sign. Are you holding your scalp buy for the weekend? Closing below 2165 is kinda scary for bulls. It means the range is firmly broken. What do you see?
  • #520,768
  • May 15, 2020 2:18pm May 15, 2020 2:18pm
Quoting Mitiblotch
{quote} I like your range studies. Closing the day below 2165 will give bulls a really hard time.
You are right about this. The bulls now have a mountain to climb as this is a total dump with no retracement. Next support rests at 1.20 psychological level.

Since I work with ranges and has been consistent for years I do still stick to the principles but with caution and flexibility. May's range is usually between 400 - 600 pips and so far we already have 486 pips (1 2599 - 1.2113) so possible 120 pips more to go which points at 1.20 level, reversal is expected at that zone.

As for next week, the price may move up between 120 - 200 pips, just for correction of oversold conditions of the 4 hours RSI and price will still want to continue down path to 1.20 again.

Cheers!
Data + Stat + Risk/Emotions Management
  • #520,769
  • May 15, 2020 2:20pm May 15, 2020 2:20pm
Quoting Mitiblotch
{quote} A very bad way to show off and insult a fellow trader.
You are the definition of class act. You earn my respect.

Cheers!
Data + Stat + Risk/Emotions Management
  • #520,770
  • Edited 7:49pm May 15, 2020 2:32pm | Edited 7:49pm
Quoting Georginson
{quote} You are right about this. The bulls now have a mountain to climb as this is a total dump with no retracement. Next support rests at 1.20 psychological level. Since I work with ranges and has been consistent for years I do still stick to the principles but with caution and flexibility. May's range is usually between 400 - 600 pips and so far we already have 486 pips (1 2599 - 1.2113) so possible 120 pips more to go which points at 1.20 level, reversal is expected at that zone. As for next week, the price may move up between 120 - 200 pips,...
Thanks for the explanation. Must have taken quite a while to observe this. Ranges work well most of the time.
  • #520,771
  • May 15, 2020 2:35pm May 15, 2020 2:35pm
Quoting Mitiblotch
{quote} A very bad way to show off and insult a fellow trader.
We'll just ignore him.
Some people just never learn......especially with their egos.
Lost....
  • #520,772
  • May 15, 2020 2:42pm May 15, 2020 2:42pm
Quoting Marco-Kanto
Done for the day. 6pm here, so it's time for a lockdown party. I'm down 22pips on the day Just taken this one as it's Gotta retrace a little, RIGHT? I even put an outlandish target on it, because I'm that confident. {image} Have good weekend.
Out as it crossed the low. Seeya
Focus.
  • #520,773
  • May 15, 2020 2:48pm May 15, 2020 2:48pm
Quoting Coreg2004
{quote} possible one more push down... {image}
update...
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Always trade your own plan...I don't provide trading signals.
  • #520,774
  • May 15, 2020 2:53pm May 15, 2020 2:53pm
Quoting Mitiblotch
{quote} It could barely stay near the daily pivot today. That was the warning sign. Are you holding your scalp buy for the weekend? Closing below 2165 is kinda scary for bulls. It means the range is firmly broken. What do you see?
Oh no! It's scalping for 5 to 10 pips. For now, it looks all bearish to me on 4h/daily chart.
Risk Management is of utmost importance!
  • #520,775
  • May 15, 2020 2:57pm May 15, 2020 2:57pm
Quoting Mitiblotch
{quote} A very bad way to show off and insult a fellow trader.
At all my friend, MOTY @90% of the time are wrong, and no body commenting that, the problem is he ALWAYS posting no breaks man , no breaks.
  • #520,776
  • May 15, 2020 3:04pm May 15, 2020 3:04pm
Quoting Coreg2004
{quote} update... {image} {image}
Coreg2004, nice charts as always. your count is bullish long term, right? What do you think of this?
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  • #520,777
  • May 15, 2020 3:16pm May 15, 2020 3:16pm
Inserted Video
  • #520,778
  • May 15, 2020 3:42pm May 15, 2020 3:42pm
Quoting Georginson
{quote} You are right about this. The bulls now have a mountain to climb as this is a total dump with no retracement. Next support rests at 1.20 psychological level. Since I work with ranges and has been consistent for years I do still stick to the principles but with caution and flexibility. May's range is usually between 400 - 600 pips and so far we already have 486 pips (1 2599 - 1.2113) so possible 120 pips more to go which points at 1.20 level, reversal is expected at that zone. As for next week, the price may move up between 120 - 200 pips,...

every candlestick has an high to low with a min/max levels, depending on the outcome of things along the points of action. GU could still fall another 320 from here if certain levels are held. Only if you understand the limit state of collapse in price action.
Keep the Lights on then you can catch the rise from the dark.
  • #520,779
  • May 15, 2020 3:48pm May 15, 2020 3:48pm
Quoting ricmaj
{quote} every candlestick has an high to low with a min/max levels, depending on the outcome of things along the points of action. GU could still fall another 320 from here if certain levels are held. Only if you understand the limit state of collapse in price action.
nor be you talk say gu wan being buy from here?
  • #520,780
  • May 15, 2020 3:54pm May 15, 2020 3:54pm
Quoting Georginson
{quote} You are right about this. The bulls now have a mountain to climb as this is a total dump with no retracement. Next support rests at 1.20 psychological level. Since I work with ranges and has been consistent for years I do still stick to the principles but with caution and flexibility. May's range is usually between 400 - 600 pips and so far we already have 486 pips (1 2599 - 1.2113) so possible 120 pips more to go which points at 1.20 level, reversal is expected at that zone. As for next week, the price may move up between 120 - 200 pips,...
it's time to look towards the downside and get some profit
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