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Cable Update (GBPUSD)

  • #520,941
  • May 17, 2020 10:19am May 17, 2020 10:19am
If price remain at 1.2094 at market open, my equity is finished at zero balance

Price at 1.2061 currently.

Wished I never took trading advice from anyone. It is a tough world out there.

Yes am ready for the worst and have nothing to lose anymore. Lost thousands to online scam and I lost my job and properties.

No savings except some debt after I was scammed.

Scammers should rot in hell if it exists for destroying lives.
  • #520,942
  • May 17, 2020 10:27am May 17, 2020 10:27am
Quoting silolo
If price remain at 1.2094 at market open, my equity is finished at zero balance Price at 1.2061 currently. Wished I never took trading advice from anyone. It is a tough world out there. Yes am ready for the worst and have nothing to lose anymore. Lost thousands to online scam and I lost my job and properties. No savings except some debt after I was scammed. Scammers should rot in hell if it exists for destroying lives.
Do not trust current price.

Have seen so much volatility before market open but finally settles down at Friday close.

Onthing, in long term perspective, trade with hourly and daily trend.

Simple 200 EMA, 50 EMA, 21 EMA helps to see the direction.

50/21 ema cross below or above 200 EMA in 15 min chart, people call it is best cross to trade.

Do not try to pick bottom or top until you are experienced enough.
Intraday only.
  • #520,943
  • May 17, 2020 10:31am May 17, 2020 10:31am
1 st May 15 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD#M15.png Size: 27 KB
Intraday only.
  • #520,944
  • May 17, 2020 10:32am May 17, 2020 10:32am
4 th may 15 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD#M15.png Size: 29 KB
Intraday only.
  • #520,945
  • May 17, 2020 10:33am May 17, 2020 10:33am
5 th may 15 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD#M15.png Size: 34 KB
Intraday only.
  • #520,946
  • May 17, 2020 10:34am May 17, 2020 10:34am
6 th may 15 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD#M15.png Size: 27 KB
Intraday only.
  • #520,947
  • May 17, 2020 10:35am May 17, 2020 10:35am
7 th may 15 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD#M15.png Size: 30 KB
Intraday only.
  • #520,948
  • May 17, 2020 10:37am May 17, 2020 10:37am
8 th may 15 min chart.

This is the only bullish day.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD#M15.png Size: 25 KB
Intraday only.
  • #520,949
  • May 17, 2020 10:38am May 17, 2020 10:38am
11 th may 15 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD#M15.png Size: 29 KB
Intraday only.
  • #520,950
  • May 17, 2020 10:39am May 17, 2020 10:39am
12 th may 15 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD#M15.png Size: 31 KB
Intraday only.
  • #520,951
  • May 17, 2020 10:40am May 17, 2020 10:40am
13 th may 15 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD#M15.png Size: 29 KB
Intraday only.
  • #520,952
  • May 17, 2020 10:41am May 17, 2020 10:41am
14 th may 15 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD#M15.png Size: 33 KB
Intraday only.
  • #520,953
  • May 17, 2020 10:42am May 17, 2020 10:42am
15 th may 15 min chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD#M15.png Size: 26 KB
Intraday only.
  • #520,954
  • May 17, 2020 10:43am May 17, 2020 10:43am
when the price is below 200 ema in 15 min chart, the price always fell down.

When the price is above 200 ema in 15 min chart, the price went up. see the chart on 8 th may

clear examples. Only dicipline is needed
Intraday only.
  • #520,955
  • May 17, 2020 10:47am May 17, 2020 10:47am
Quoting silolo
If price remain at 1.2094 at market open, my equity is finished at zero balance Price at 1.2061 currently. Wished I never took trading advice from anyone. It is a tough world out there.
Just about everyone in the world is short or getting short on this -- it seems. Do you think the market makers are going to miss this opportunity to take price up and take out everyone's stops who are short? They never miss a trick. I say this is going up sharply to take out tons of stops $$$ before crashing down.
  • #520,956
  • May 17, 2020 10:47am May 17, 2020 10:47am
Quoting navk
when the price is below 200 ema in 15 min chart, the price always fell down. When the price is above 200 ema in 15 min chart, the price went up. see the chart on 8 th may clear examples. Only dicipline is needed
i just sent you a pm have a few questions if that’s ok
  • #520,957
  • May 17, 2020 10:49am May 17, 2020 10:49am
Quoting navk
when the price is below 200 ema in 15 min chart, the price always fell down. When the price is above 200 ema in 15 min chart, the price went up. see the chart on 8 th may clear examples. Only dicipline is needed
can you tell me how to set this up on my chart? What do I need to do
  • #520,958
  • May 17, 2020 10:51am May 17, 2020 10:51am
Quoting navk
when the price is below 200 ema in 15 min chart, the price always fell down. When the price is above 200 ema in 15 min chart, the price went up. see the chart on 8 th may clear examples. Only dicipline is needed
Good charts boss, thanks!
  • #520,959
  • May 17, 2020 11:10am May 17, 2020 11:10am
and look at daily chart, hourly chart. every where it is bearish !!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD#Daily.png Size: 31 KB
Click to Enlarge Name: GBPUSD#H1.png Size: 43 KB
Intraday only.
  • #520,960
  • May 17, 2020 11:14am May 17, 2020 11:14am
1 GBP = 1.21050 USD

I took this from xe.com

And all the while the price was showing 1.2103.

However, IG still showing 1.2065.

Never never trust week end price, though you can trust to some extent xe.com
Intraday only.
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