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Cable Update (GBPUSD)

  • #521,061
  • May 18, 2020 1:59am May 18, 2020 1:59am
Better wait for price to get to the pivot line or the daily s1, to take the opposite direction, i believe it will go up first
Attached Image(s) (click to enlarge)
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yes yes yes
  • #521,062
  • May 18, 2020 2:07am May 18, 2020 2:07am
Quoting Moty
Better wait for price to get to the pivot line or the daily s1, to take the opposite direction, i believe it will go up first {image} {image}
If it fails to break a 1.2125 this early London session, then 1.2030 will look at us in the face. Possible range for this week 1.20 - 1.22. just my humble view not an advise for anyone to follow. Cheers!
Data + Stat + Risk/Emotions Management
  • #521,063
  • May 18, 2020 2:08am May 18, 2020 2:08am
Attached Image (click to enlarge)
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slowly for now 5 min cross but watch it
  • #521,064
  • May 18, 2020 2:11am May 18, 2020 2:11am
Long, SL 12090
  • #521,065
  • May 18, 2020 2:24am May 18, 2020 2:24am
GBP/USD plunged 1.0% to 1.2106, the lowest level since late March. Bank of England Chief Economist Andy Haldane said BOE is looking at monetary policy options, including negative interest rates and purchasing riskier financial assets. In the meantime, European Union chief negotiator Michel Barnier said, after the latest round of E.U. and U.K. trade talks, "no progress had been made on the most difficult issues" and he was "still determined but not optimistic."

The pair remains on the downside after breaking below its previous trading range. In fact, the 20-day moving average has crossed below the 50-day one, and the relative strength index has plunged below 30, signaling a bearish bias. Unless the key resistance at 1.2440 is surpassed, the pair should proceed to 1.1950 and 1.1685 on the downside. Alternatively, above 1.2440, expect a rebound to 1.2640.
  • #521,066
  • May 18, 2020 2:28am May 18, 2020 2:28am
Quoting Gilaforex13
Long, SL 12090
I admire your bravery.

Yes, the bulls appear to be on the front seat but it's still hi-lo on both M5 and M15. And if you believe in average swings, the bulls are yet to fully annex the M5 and M15 averages both currently at 2103.

The bulls are looking good but it's not confirmed yet
  • #521,067
  • May 18, 2020 2:30am May 18, 2020 2:30am
Attached Image (click to enlarge)
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  • #521,068
  • May 18, 2020 2:30am May 18, 2020 2:30am
Quoting 17607
GBP/USD plunged 1.0% to 1.2106, the lowest level since late March. Bank of England Chief Economist Andy Haldane said BOE is looking at monetary policy options, including negative interest rates and purchasing riskier financial assets. In the meantime, European Union chief negotiator Michel Barnier said, after the latest round of E.U. and U.K. trade talks, "no progress had been made on the most difficult issues" and he was "still determined but not optimistic." The pair remains on the downside after breaking below its previous...
That's a pretty good insight, 👍
  • #521,069
  • May 18, 2020 2:31am May 18, 2020 2:31am
GBP/USD has opened with a gap. Wait for the bears to push beyond this gap so that you may short it with a TP 1.19800
  • #521,070
  • May 18, 2020 2:34am May 18, 2020 2:34am
Entry long 1.21050
Tp 1.21465
Sl 1.20900
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 05-18-2020 10.34.07_1.jpg Size: 110 KB
yes yes yes
  • #521,071
  • May 18, 2020 2:36am May 18, 2020 2:36am
It's like we shall soon see fireworks. This is because the barricades have narrowed to 2109 for the bulls and 2103 for the bears
  • #521,072
  • May 18, 2020 2:44am May 18, 2020 2:44am
I just short the pound at 2115 with 30pip SL
HEADING for 2050

Edit; lot of longs have been building up at this low and the big boys will not miss the chance to take them out before going up hence they will hunt and run the stops downward before eventually going strong long
Discipline is key
  • #521,073
  • May 18, 2020 2:45am May 18, 2020 2:45am
Sir it is hard to believe random user on the internet but why will a 58 years old man register in 2017 and wait to beg for $200 equity?
I'm an immigrant here in Finland and must be blunt here...suicide and frustration is very high here for the native who have things from the government. I'm indoors for fear of deportation to my hellish country . Better to die here. I have lost everything in life and so ? No wife no kid .

Lost $35,000 to online scammer. This amount can make you live comfortably in my home country.

Trading forex use to give me some comfort here as an indoor person and now the account goes up in flames. Nobody wants to associate with a parasitic immigrant.

It is easier for people to say suicide is not an option but in my case it sure is. English is not the language here
  • #521,074
  • May 18, 2020 2:48am May 18, 2020 2:48am
Morning all
  • #521,075
  • May 18, 2020 2:49am May 18, 2020 2:49am
Quoting silolo
Sir it is hard to believe random user on the internet but why will a 58 years old man register in 2017 and wait to beg for $200 equity? I'm an immigrant here in Fi......an option but in my case it sure is. English is not the language here
So let me get this straight.....you are asking $200 so that you can continue trading???
To the compassionate ones, please send this person the funds so he can continue trading forex.
Lost....
  • #521,076
  • May 18, 2020 2:51am May 18, 2020 2:51am
Quoting Agu
I just short the pound at 2115 with 30pip SL HEADING for 2050


Goodluck but note that the bullish run has been activated on both M5 and M15. Both TFs are also posting lo-hi
  • #521,077
  • May 18, 2020 2:52am May 18, 2020 2:52am
Quoting joesherwood
Morning all
Very good morning bro.God Bless You
  • #521,078
  • May 18, 2020 2:52am May 18, 2020 2:52am
Closed a bunch of shorts this morning.

Attached Image (click to enlarge)
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Possibly an H1 hikkake off 1.2094, cheap entry to the downtrend.
Gone to a better place
  • #521,079
  • May 18, 2020 2:53am May 18, 2020 2:53am
Planning to scalp shorts quickly around 1.2113.
  • #521,080
  • May 18, 2020 2:53am May 18, 2020 2:53am
What I meant to say was "Good morning, happy Monday to you..."
Gone to a better place
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