Cable Update (GBPUSD) | Page 26074 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #521,461
  • May 19, 2020 9:07am May 19, 2020 9:07am
Quoting KeenPips
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 {quote}
Sure. But the trend is down and therefore in terms of risk management i would place a long. So i would scalp only short positions at every leg up. Something like that. Anyways i think that pair has a lot of downside potential and good money can be made with good shorts at good prices.

Dollar isnt helping though
  • #521,462
  • May 19, 2020 9:10am May 19, 2020 9:10am
For me, I am bearish; looking for a southward turnaround at the 1.23000 area (if price action gets there) for a southward swing trading opportunity. Otherwise, I will re-assess the prevailing top-down technical outlook.

KP

Quoting KeenPips
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 {quote}
Do your homework, follow the footprints of smart money
  • #521,463
  • May 19, 2020 9:26am May 19, 2020 9:26am
Attached Image (click to enlarge)
Click to Enlarge Name: gu15.png Size: 32 KB
Attached Image (click to enlarge)
Click to Enlarge Name: dxh1.png Size: 23 KB
yes yes yes
  • #521,464
  • May 19, 2020 9:37am May 19, 2020 9:37am
Just an update on the EURGBP idea I noted yesterday. EURGBP bullish price action has overextended. It seems the 0.88950/0.88750 zone will come to the calculation as a value area we can look for a buy trading setup if price action pulls back to it.

I may be wrong. Trade safe and prosper.

KP

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}
Do your homework, follow the footprints of smart money
  • #521,465
  • May 19, 2020 9:37am May 19, 2020 9:37am
pound bearish atm
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #521,466
  • May 19, 2020 9:42am May 19, 2020 9:42am
Nice......
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #521,467
  • May 19, 2020 9:46am May 19, 2020 9:46am
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 saw you did $30 to 10k within 9weeks and then $30k to $1m in 12 weeks. That's a pretty good record. Do you mind sharing what your strategy and money management was? I like such success stories. I have done such but on a smaller scale.
  • #521,468
  • May 19, 2020 9:47am May 19, 2020 9:47am
What is nice? It will be good, mate, if you try to make your posts beneficial to fellow traders here...Engage with us.

KP

Quoting SFundamental
Nice......
Do your homework, follow the footprints of smart money
  • #521,469
  • May 19, 2020 9:49am May 19, 2020 9:49am
Quoting KeenPips
Just an update on the EURGBP idea I noted yesterday. EURGBP bullish price action has overextended. It seems the 0.88950/0.88750 zone will come to the calculation as a value area we can look for a buy trading setup if price action pulls back to it. I may be wrong. Trade safe and prosper. KP {quote}
thanks for the update KP. Noted.

joe
  • #521,470
  • May 19, 2020 9:50am May 19, 2020 9:50am
Pound might find support at 1.2226 and may push up till 1.2300 region before drop..

am short at 1.2267 and placed sell limit at 1.23.
Forex Learner
  • #521,471
  • May 19, 2020 9:52am May 19, 2020 9:52am
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 99 KB
  • #521,472
  • May 19, 2020 9:54am May 19, 2020 9:54am
Quoting thevisitor
{quote} we may see 1.2320 first...
Some days back price surged from 1.2265 to 1.2465 and crashed from there to 1.2073. now price is back at that old support (1.2265) now turned resistance. Should price fail to clear this 1.2265 is invitation for 1.2023/1.1986 region. So I remain bearish to 1 2023 if price continue to stay below 1.2266 region.

Cheers!
Data + Stat + Risk/Emotions Management
  • #521,473
  • May 19, 2020 10:01am May 19, 2020 10:01am
Quoting Moty
{image}{image}

M15 is posting a hi-hi
  • #521,474
  • May 19, 2020 10:02am May 19, 2020 10:02am
Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 9 KB
Together we can be strongest
Vantage Return This Month: na
  • #521,475
  • May 19, 2020 10:04am May 19, 2020 10:04am
Quoting Georginson
{quote} Some days back price surged from 1.2265 to 1.2465 and crashed from there to 1.2073. now price is back at that old support (1.2265) now turned resistance. Should price fail to clear this 1.2265 is invitation for 1.2023/1.1986 region. So I remain bearish to 1 2023 if price continue to stay below 1.2266 region. Cheers!
Only an option!
you are completely right!!
i am looking for shorts when price is tellin' me
  • #521,476
  • May 19, 2020 10:06am May 19, 2020 10:06am
Quoting Georginson
{quote} Some days back price surged from 1.2265 to 1.2465 and crashed from there to 1.2073. now price is back at that old support (1.2265) now turned resistance. Should price fail to clear this 1.2265 is invitation for 1.2023/1.1986 region. So I remain bearish to 1 2023 if price continue to stay below 1.2266 region. Cheers!
still holding a long with low risk...targeting 1.23xx
  • #521,477
  • May 19, 2020 10:08am May 19, 2020 10:08am
Just went short GU at 2244. With a strict SL of 30 pips.
  • #521,478
  • May 19, 2020 10:20am May 19, 2020 10:20am
Quoting Mitiblotch
Just went short GU at 2244. With a strict SL of 30 pips.
think thats a good call support and resistant on 3m tf is around 1.2225 and 1.226, way its moving today both ends are very possible, im more bias to short like i said earlier

will be interested to see what happens throughput night before i get back in.


Joe
  • #521,479
  • May 19, 2020 10:25am May 19, 2020 10:25am
Quoting tehnoob
development so far SL moved to break even. This is now a free trade {image}

Closed this long now. Taken at 1.2180, closed at 1.2250, for 70 pips profit.

I am still short EUR/GBP
  • #521,480
  • May 19, 2020 10:30am May 19, 2020 10:30am
Prepare to drop down. i'm waiting
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM151905.png Size: 45 KB
SCALP WIN
1,789 traders viewing now