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Cable Update (GBPUSD)

  • #521,141
  • May 18, 2020 4:17am May 18, 2020 4:17am
1.21465 in the making
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yes yes yes
  • #521,142
  • May 18, 2020 4:21am May 18, 2020 4:21am
Quoting Agu
{quote} DXY dont joke with no one.
The bulls are back
  • #521,143
  • May 18, 2020 4:21am May 18, 2020 4:21am
GBPUSD should buy throughout London session today.

Bullish net volume so far.

It bounced off an untested support level on H1.

The support was above VWAP.

This is a strong buy signal.

Hold longs until price goes 3 standard deviations above VWAP.
  • #521,144
  • May 18, 2020 4:24am May 18, 2020 4:24am
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Gone to a better place
  • #521,145
  • May 18, 2020 4:28am May 18, 2020 4:28am
thinking of going long then callin it quits for the day...
  • #521,146
  • May 18, 2020 4:29am May 18, 2020 4:29am
BOTH USD and GBP are strong and above zero,No trade at the moment,absolutely none
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Watch me trade Live on YouTube
  • #521,147
  • May 18, 2020 4:31am May 18, 2020 4:31am
Quoting KeenPips
I don't know how many of you guys/gals trade the EURGBP. It seems to be a pair to trade in a non-directional/sideways market environment. I am watching how a southward retracement will play out for a buy opportunity tomorrow as I rarely trade on Mondays. I will be watching the 0.88400 horizontal support area (light green). Trade safe. KP {image}
There should be a 20 cent difference between eurusd and GBPUSD, as eurusd is trading at 1.08 GBPUSD should be trading at 1.28. As it stands GBPUSD is behind by 7 cents. when the 20 cents gets back, EURGBP would have plummeted to 0.8450.

Once GBPUSD finds support at 1.1986/1.2023 and powers back to 1 27/1.28 region, Eurusd will lag behind and EURGBP will plummet to 0.8450, this can likely happen in June.
Data + Stat + Risk/Emotions Management
  • #521,148
  • May 18, 2020 4:34am May 18, 2020 4:34am
Well, what I do is similar to cumulative delta volume.

Then I trade at VWAP in the direction of the net volume or take mean reversion trades back to the VWAP after price moves 3 standard deviations away from the VWAP.

It is much more of a numeric method to me.

Values are computed using Microsoft Excel.
  • #521,149
  • May 18, 2020 4:35am May 18, 2020 4:35am
Only possible Trade is GBPNZD
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Watch me trade Live on YouTube
  • #521,150
  • May 18, 2020 4:38am May 18, 2020 4:38am
Just taking little pips.
After NY open may be the real move.
  • #521,151
  • May 18, 2020 4:38am May 18, 2020 4:38am
Quoting Bydyke
{quote} The bulls are back
They will only be back if they break 1.2125 otherwise it will be a certain fall to 1.2035 looms
Data + Stat + Risk/Emotions Management
  • #521,152
  • May 18, 2020 4:40am May 18, 2020 4:40am
If below 12090, bearish for me.
  • #521,153
  • May 18, 2020 4:43am May 18, 2020 4:43am
Quoting joesherwood
{image}
EU Who?
Compulsions can be hard to resist
  • #521,154
  • May 18, 2020 4:43am May 18, 2020 4:43am
Quoting NeoMatriX
{quote} Players awaiting 1.2140 {image}
will closed position on the next h1 candle closed or test of 1.21293
Attached Image (click to enlarge)
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  • #521,155
  • May 18, 2020 4:43am May 18, 2020 4:43am
be patient guys, price will move up above 2090 to 2170 today.
Intraday only.
  • #521,156
  • May 18, 2020 4:52am May 18, 2020 4:52am
Quoting Georginson
{quote} They will only be back if they break 1.2125 otherwise it will be a certain fall to 1.2035 looms
For me, the stops are 2129 (H1 average), 2147 (DP), 2156 (old H1 average hi) and 2170 (old H1 average lo) and they are all bulls
  • #521,157
  • May 18, 2020 4:55am May 18, 2020 4:55am
calling it now, up 41 pips for the morning, not the best but green is green, take it easy all

trade safe

see you all tomorrow
  • #521,158
  • May 18, 2020 4:57am May 18, 2020 4:57am
Quoting Georginson
{quote} They will only be back if they break 1.2125 otherwise it will be a certain fall to 1.2035 looms

I'm expecting the same thing for today.
Patience and Discipline.
  • #521,159
  • May 18, 2020 4:58am May 18, 2020 4:58am
Quoting sunnym
BOTH USD and GBP are strong and above zero,No trade at the moment,absolutely none {image}
Please can you share this indicator?
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #521,160
  • May 18, 2020 4:59am May 18, 2020 4:59am
Quoting NeoMatriX
{quote} will closed position on the next h1 candle closed or test of 1.21293 {image}
out closed. good luck great Traders with the Blue or Red Pill
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