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Cable Update (GBPUSD)

  • #521,441
  • May 19, 2020 7:12am May 19, 2020 7:12am
Quoting Moty
{image}
H1 ema200 is holding nice for now..
  • #521,442
  • May 19, 2020 7:13am May 19, 2020 7:13am
Quoting DailyChart
{quote} achieved $1 Million already since 23 march 2020 once you understand how the market works and know how to trade then everything is achievable It's not easy really,it took me for almost 10 years I sacrifice a lot of of things in this life since I am started my trading journey,There are no shortcut in here and spend a lot of tears,blood and sweat
I appreciate that will power and consistency . Its my 5th effort to get into trading since 2010 , it seems that still i am learning the basics . I agree that there no short cuts . Here successful trader are my inspirations and i am willing to put all what i can . Your target of achieving $ 1 Million attracted me . I will appreciate if you could throw some light how a beginner like me can improve .
  • #521,443
  • May 19, 2020 7:16am May 19, 2020 7:16am
Quoting joesherwood
Putting some short limit at 550
Closed 2x at 300!!! Glad I let them run and didn’t scalp. 50 pips!! Think I’m done now. +80 for the day.
  • #521,444
  • May 19, 2020 7:31am May 19, 2020 7:31am
Quoting hocius
{quote} H1 ema200 is holding nice for now..
yes .
it's the same thing .
ema 200 at h1 is like 50 ema at h4 and like 800 ema at 15m
Attached Image (click to enlarge)
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yes yes yes
  • #521,445
  • May 19, 2020 7:33am May 19, 2020 7:33am
i see triple top in 5 min and need borke that blue line
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  • #521,446
  • May 19, 2020 8:02am May 19, 2020 8:02am
Quoting Moty
{quote} yes . it's the same thing . ema 200 at h1 is like 50 ema at h4 and like 800 ema at 15m {image}
With you on this train but the bulls don't seem to be giving up..
  • #521,447
  • May 19, 2020 8:02am May 19, 2020 8:02am
Beat me first before comment lol
Attached Image (click to enlarge)
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  • #521,448
  • May 19, 2020 8:03am May 19, 2020 8:03am
Quoting DailyChart
Beat me first before comment lol
Even a blind monkey could post a chart with good trades dude.....come back to Earth, you are far in space, you need oxygen
COT: The precious data ignored
  • #521,449
  • May 19, 2020 8:04am May 19, 2020 8:04am
Oh some jealous monkey starting screaming lolz
Call by call
Pips by pips
Come on

Back in London close later,keep screaming..I am waiting
  • #521,450
  • May 19, 2020 8:10am May 19, 2020 8:10am
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  • #521,451
  • May 19, 2020 8:19am May 19, 2020 8:19am
Quoting DailyChart
Oh some jealous monkey starting screaming lolz Call by call Pips by pips Come on Back in London close later,keep screaming..I am waiting
I remember just on Sunday that you were very bearish, looking at every means to dare my bullish bias, now you are bullish? Please stop misleading people and I don't blame people attacking you here.. quit this your ego and pride, it will ruin you someday if you don't stop.
Data + Stat + Risk/Emotions Management
  • #521,452
  • May 19, 2020 8:30am May 19, 2020 8:30am
Quoting Georginson
{quote} I remember just on Sunday that you were very bearish, looking at every means to dare my bullish bias, now you are bullish? Please stop misleading people and I don't blame people attacking you here.. quit this your ego and pride, it will ruin you someday if you don't stop.
Are you still bullish?
  • #521,453
  • May 19, 2020 8:44am May 19, 2020 8:44am
Are you still broke? Just kidding mate. Lol

Stay safe, trade safe.

KP

Quoting stillbroke10
{quote} Are you still bullish?
Do your homework, follow the footprints of smart money
  • #521,454
  • May 19, 2020 8:48am May 19, 2020 8:48am
Quoting stillbroke10
{quote} Are you still bullish?
I am now bearish in the short term for a test of 1 2000 level before final fly to 1 27 in weeks ahead. So from 1.2000 region, I will be strongly bullish again.
Data + Stat + Risk/Emotions Management
  • #521,455
  • Edited 9:05am May 19, 2020 8:52am | Edited 9:05am
Quoting SFundamental
Lack of hedging in equities having an effect-
Nice........wish there was more risk
Negative gamma a fair bit away as well
Nonetheless, will affect risk tone for currencies
Powell going to testify now
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #521,456
  • May 19, 2020 8:53am May 19, 2020 8:53am
Attached Image (click to enlarge)
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yes yes yes
  • #521,457
  • May 19, 2020 8:59am May 19, 2020 8:59am
How can someone be bullish on cable right now? The driver is obviously the dollar. It hasnt been strong the past 2 days. When it comes back strong this will go to 1.20 and even lower.

Ask people that live in London or in the UK in general. The situation here is very bad. All shops are still closed. The real estate economy is down, the manufacturing is down, etc. The only thing that still works (from home) is the financial sector. But now that has changed as UK might also be introduced to negative rates. Then you have brexit coming. Bad jobless claims number,i mean the whole thing doesnt really look good.

Now, if the dollar weakens that will obviously go up. But once the dollar gains some positive momentum this will start dropping like a m*****f*****!
  • #521,458
  • May 19, 2020 9:05am May 19, 2020 9:05am
Possible if the trader is scalping for 5-10 pips and look to target the 1.226500 area. I hope you got my drift!!!

KP

KP

Quoting dimadono
How can someone be bullish on cable right now?...
Do your homework, follow the footprints of smart money
  • #521,459
  • May 19, 2020 9:06am May 19, 2020 9:06am
My bias is bearish. I think 1.222 is still in sight. I’m looking at short term movement only.

I am done trading for the day.


trade safe Joe
  • #521,460
  • May 19, 2020 9:07am May 19, 2020 9:07am
Quoting Georginson
{quote} I am now bearish in the short term for a test of 1 2000 level before final fly to 1 27 in weeks ahead. So from 1.2000 region, I will be strongly bullish again.
we may see 1.2320 first...
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