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Cable Update (GBPUSD)

  • #521,561
  • May 19, 2020 10:52pm May 19, 2020 10:52pm
d1
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SCALP WIN
  • #521,562
  • May 19, 2020 10:54pm May 19, 2020 10:54pm
Longs looking good. From Daily and 4hr point of view.

I am long, will add more if it drops.
  • #521,563
  • Edited 11:31pm May 19, 2020 11:06pm | Edited 11:31pm
Quoting bankaii
{quote} What is your suggestion Moty, buy or sell?
sell this sucker
current outlook related to the 50 sma band at all time frames .
m1, w1 , d1 ,h4 bearish .
h1 , 30 m bullish
15 m natural .
looks like the market waiting for the h1 to turn bearish , and then , let's drop
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yes yes yes
  • #521,564
  • May 19, 2020 11:31pm May 19, 2020 11:31pm
i'm waiting break
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SCALP WIN
  • #521,565
  • May 19, 2020 11:37pm May 19, 2020 11:37pm
Quoting ongtrumvn99
i'm waiting break {image}
Looks good. But let's go touch the tip first then we drop together. Nice chart.
  • #521,566
  • May 19, 2020 11:49pm May 19, 2020 11:49pm
still have few options
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  • #521,567
  • May 19, 2020 11:49pm May 19, 2020 11:49pm
Quoting Moty
{quote} i am stoped out , with 75 $ left from my 280 deposit . no problem , i still have 1720$ left from my 2000$ profit this month . tomorrow is a new day and new 280 $ deposit . what relay annoying me is that i was long and just want to catch a little short retrenchment that turned into disaster
I'm not impressed my friend can't watch u bleed this way, I wanna help u.
I'm enjoying the wins because I was once terrified by loses
  • #521,568
  • May 20, 2020 12:29am May 20, 2020 12:29am
Quoting Erto
{quote} I'm not impressed my friend can't watch u bleed this way, I wanna help u.
How exactly do you want to help? Lol...he made $2k profit this month already from a small deposit. Lost $280 so still has $1720 profit. I have known Moty from a previous thread so kinda understand how he trades. He makes profit and withdraws it completely and then makes a little deposit from the profit and trades all or none with the little deposit. It usually works for him, but sometimes the little deposit goes burst. But he is still in net profit. That is his style and it works for him.
  • #521,569
  • May 20, 2020 12:42am May 20, 2020 12:42am
Morning Traders,

What I'm really relying on in my trading is the BB. What I'm seeing in the current conditions is that especially on 4h once it touches the upper band it always goes down to the bottom one. Ofc it doesn't happen immediately, but it always does.

With that being said my view is the following - a possible another touch around 1.23000 and the a retest of 1.20750. Also the MACD is starting to turn down.

Lets see, stay safe.
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Patience and Discipline.
  • #521,570
  • May 20, 2020 12:49am May 20, 2020 12:49am
Levels to watch out for....
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Lost....
  • #521,571
  • May 20, 2020 12:53am May 20, 2020 12:53am
Quoting Stefan90csk
Morning Traders, What I'm really relying on in my trading is the BB. What I'm seeing in the current conditions is that especially on 4h once it touches the upper band it always goes down to the bottom one. Ofc it doesn't happen immediately, but it always does. With that being said my view is the following - a possible another touch around 1.23000 and the a retest of 1.20750. Also the MACD is starting to turn down. Lets see, stay safe. {image}
I spotted a reversal too in the 4 hours chat and also happens to be the coincidence of 223 pips range of the week so far being the average weekly range. As you pointed, 80% of the time this happens reversal occurs. At least 130-200 Pips reversal from top is expected.

. Cheers!
Data + Stat + Risk/Emotions Management
  • #521,572
  • May 20, 2020 12:56am May 20, 2020 12:56am
I see some topping now...but I would still rather short EU or AU over GU. I don't trust the pound in the middle of the week.
Everyone can see the chart, but only a few can actually read it.
  • #521,573
  • May 20, 2020 1:04am May 20, 2020 1:04am
Imho we will break the high and maybe further more.

Trade safe.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #521,574
  • May 20, 2020 1:05am May 20, 2020 1:05am
Negative news and the pound spikes up......
Lost....
  • #521,575
  • May 20, 2020 1:07am May 20, 2020 1:07am
Quoting Mitiblotch
{quote} How exactly do you want to help? Lol...he made $2k profit this month already from a small deposit. Lost $280 so still has $1720 profit. I have known Moty from a previous thread so kinda understand how he trades. He makes profit and withdraws it completely and then makes a little deposit from the profit and trades all or none with the little deposit. It usually works for him, but sometimes the little deposit goes burst. But he is still in net profit. That is his style and it works for him.
Lol Ok It makes sense though
I'm enjoying the wins because I was once terrified by loses
  • #521,576
  • May 20, 2020 1:12am May 20, 2020 1:12am
Quoting gespiri
Negative news and the pound spikes up......
It is a typical Frankfurt open...they mostly start in one direction and end up in another.
Everyone can see the chart, but only a few can actually read it.
  • #521,577
  • May 20, 2020 1:13am May 20, 2020 1:13am
Quoting OnlineAddict
I see some topping now...but I would still rather short EU or AU over GU. I don't trust the pound in the middle of the week.
Yes, IMO the EUR has more drop potential than the GBP over the next few days
  • #521,578
  • May 20, 2020 1:13am May 20, 2020 1:13am
Quoting Almo2312
Imho we will break the high and maybe further more. Trade safe.
Will be good to hit that 200ema sitting around 2359. I'm asking for too much. Lol...
  • #521,579
  • May 20, 2020 1:28am May 20, 2020 1:28am
Quoting IrishNinja81
Hi All, I've been a keen observer of these forums for several years but only until recently have I decided to trade FX exclusively. Hope it's appropriate to post here.. wanted to just put up an introductory post to say howdy and give a little background on me as well. I spent my younger years working summers learning from family at the CBOT here in Chicago in the Ag and Financial trading floors. It was evident in the latter part of the 2000's that digitization was transforming open outcry (obviously) so I ended up becoming a CRM Analyst though trading...
Anyone with your kind of background has to be welcome here. Recently this thread has benefited from good cooperation and sharing of ideas and a good atmosphere - lots of charts being posted by experienced and less experienced traders.
Gone to a better place
  • #521,580
  • Edited 1:40am May 20, 2020 1:29am | Edited 1:40am
the drop is coming
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yes yes yes
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