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Cable Update (GBPUSD)

  • #521,221
  • May 18, 2020 8:24am May 18, 2020 8:24am
Just a pause at my predicted level and now we are through. 1, 2, 3.. Let's go.
Gone to a better place
  • #521,222
  • May 18, 2020 8:32am May 18, 2020 8:32am
nice pullback into the US cash open
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #521,223
  • May 18, 2020 8:34am May 18, 2020 8:34am
short to 1.21300-1.21465 area
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.png Size: 56 KB
yes yes yes
  • #521,224
  • May 18, 2020 8:40am May 18, 2020 8:40am
Quoting SFundamental
2200 could be a target
Got it.
Should stay above till 3pm - then lets see
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #521,225
  • May 18, 2020 8:41am May 18, 2020 8:41am
Quoting Moty
short to 1.21300-1.21465 area {image}
down down and below , tp 1.21465
Attached Image(s) (click to enlarge)
Click to Enlarge Name: guh1.png Size: 32 KB
Click to Enlarge Name: dxh1.png Size: 39 KB
yes yes yes
  • #521,226
  • May 18, 2020 8:42am May 18, 2020 8:42am
Suddenly the overconfident bears are quiet. But I believe those who bought on Friday did so in anticipation of this pull back. I personally held my buys unitl 2170 because, like Friday, Mondays are usually one-way traffic. Once Asia buys, the other sessions also buy and vice versa. This isn't always but usually the case. I personally will not short into this until every parameter says so.

In the end both bears and bulls make money. All the smart-headed comments seem to be uncalled for. Everybody is now happy, both bulls and bears. And the world continues to spin.
  • #521,227
  • May 18, 2020 8:42am May 18, 2020 8:42am
Not sure if they can get 2250
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #521,228
  • May 18, 2020 8:43am May 18, 2020 8:43am
1.2242-1.2264 area is important
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #521,229
  • May 18, 2020 8:47am May 18, 2020 8:47am
https://www.tradingview.com/x/G5aXoYMh/

Reason for some selling
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #521,230
  • May 18, 2020 8:53am May 18, 2020 8:53am
Quoting Moty
{quote} i am out !!! 1.21700! 200$ profit ! {image}
And I am hurt for losing $245 equity... Many traders earn this daily. Someone blew $2m on this forum few days ago. It calls for depression seeing all these
  • #521,231
  • May 18, 2020 8:55am May 18, 2020 8:55am
Quoting SFundamental
Not sure if they can get 2250
Week only started, half of first day, 220 pips is more than enough. It can retrace down for the rest of the day and still be bullish for tomorrow.
Everyone can see the chart, but only a few can actually read it.
  • #521,232
  • May 18, 2020 8:57am May 18, 2020 8:57am
Attached Image (click to enlarge)
Click to Enlarge Name: gu15.png Size: 33 KB
yes yes yes
  • #521,233
  • May 18, 2020 8:57am May 18, 2020 8:57am
From 1.2073 - 1.2208 means half of the weekly range is completed already on Monday. Now should 1.2230 fails to be broken, price will hit 1.1986 (January 2017 Low) this week before final reversal to 1.27 in weeks ahead. Should 1.2230 breaks, then no more 1.2023/1.1986 expected low... Then easy ride to 1 27.

This bull run today is a big warning to bears of what is to come in weeks ahead.
Data + Stat + Risk/Emotions Management
  • #521,234
  • May 18, 2020 9:02am May 18, 2020 9:02am
Quoting SFundamental
https://www.tradingview.com/x/G5aXoYMh/ Reason for some selling
1.2200 got defended.
They just made it- that POC helped
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #521,235
  • May 18, 2020 9:02am May 18, 2020 9:02am
Quoting Almo2312
{quote} Added second short at 1.2130 . Next and last if will be at level 3. Trade safe
Last short at 1.2190 triggered i take it for 100
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #521,236
  • May 18, 2020 9:04am May 18, 2020 9:04am
Quoting silolo
{quote} And I am hurt for losing $245 equity... Many traders earn this daily. Someone blew $2m on this forum few days ago. It calls for depression seeing all these
Develop positivism. And stop talking losses.

You will never succeed if this is your way.

Every one in this thread and forum lost money and then learning/ learnt.
Intraday only.
  • #521,237
  • May 18, 2020 9:05am May 18, 2020 9:05am
first test of 2160 possible.
Intraday only.
  • #521,238
  • May 18, 2020 9:09am May 18, 2020 9:09am
Wt...


I can not trust this uptrend yet

maybe spike to 2270 and then back Down again
  • #521,239
  • Edited 9:44am May 18, 2020 9:14am | Edited 9:44am
Quoting Moty
{quote} down down and below , tp 1.21465 {image} {image}
....the other possiblity...
Attached Image (click to enlarge)
Click to Enlarge Name: GU5.13.18.10M.png Size: 109 KB
Always trade your own plan...I don't provide trading signals.
  • #521,240
  • May 18, 2020 9:17am May 18, 2020 9:17am
I know that Goldman Sachs put out a fairly positive message on Brexit on Friday considering what was going on
And the reduction in the death rate from Covid 19 has helped
Obviously the risk-on bias from this morning helped.
Does seem odd that Haldine starts talking about negative interest rates, Powell said its off the table - and Sterling rises
What odd times we are living in.
Look ahead, Macro=Direction, Levels & Structure = Entry
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