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Cable Update (GBPUSD)

  • #521,821
  • May 20, 2020 1:37pm May 20, 2020 1:37pm
Quoting Wavegarrick
{quote} Hi Guys, Cutting it fine here. My future daily pivot at 1.22500 ish( Green highlight). A convergence of pivots never a good thing, means Gu losing its umph. That's if you are biased in a direction. Having said I would like to see a daily lower close to confirm shorts. If there is a short swing, for sure I'll be in. To the scalpers, Akim and Moty for climbing in, well done!!. Take care, Cheers {image}
And your buy tp?!1.22500?
  • #521,822
  • May 20, 2020 1:40pm May 20, 2020 1:40pm
had a long early in the day... Didn't take profit... Thought it was going to break 3200....you live and you learn!
  • #521,823
  • May 20, 2020 1:41pm May 20, 2020 1:41pm
+102 pips today. Good night everyone. Trade safe and make greens.
  • #521,824
  • May 20, 2020 1:48pm May 20, 2020 1:48pm
Quoting Mykamran
{quote} And your buy tp?!1.22500?
Nope, sir,
Sorry for the confusion. If you have followed my posts it will indeed give you a picture of my trade method and the bias I have. 1.22500 is merely a reference point for future analysis.

Cheers..
Trade to trade another day
  • #521,825
  • May 20, 2020 1:50pm May 20, 2020 1:50pm
Quoting Wavegarrick
{quote} Hi Guys, Cutting it fine here. My future daily pivot at 1.22500 ish( Green highlight). A convergence of pivots never a good thing, means Gu losing its umph. That's if you are biased in a direction. Having said I would like to see a daily lower close to confirm shorts. If there is a short swing, for sure I'll be in. To the scalpers, Akim and Moty for climbing in, well done!!. Take care, Cheers {image}

You could be right but i will wait for a break down of 1.22214 for shorts which would be a 4 hour reversal, did not see anything across all timeframes that i would trade, having said that there has been some cracking trades on other pairs
Follow The Markets Structure - Patience and Discipline
  • #521,826
  • May 20, 2020 1:53pm May 20, 2020 1:53pm
Quoting Wavegarrick
{quote} Hi Guys, Cutting it fine here. My future daily pivot at 1.22500 ish( Green highlight). A convergence of pivots never a good thing, means Gu losing its umph. That's if you are biased in a direction. Having said I would like to see a daily lower close to confirm shorts. If there is a short swing, for sure I'll be in. To the scalpers, Akim and Moty for climbing in, well done!!. Take care, Cheers {image}
Still holding your buys? Today's price action had no meaning. London did nothing but hit stops and same with N.Y. My target was 1.2300 area but it seems far fetched now. I just came home from work to check and see that price simply did nothing all day.
  • #521,827
  • May 20, 2020 1:58pm May 20, 2020 1:58pm
Quoting pipfarm
{quote} You could be right but i will wait for a break down of 1.22214 for shorts which would be a 4 hour reversal, did not see anything across all timeframes that i would trade, having said that there has been some cracking trades on other pairs
Yes Pipfarm, I agree with your level at 1.22214. Thanks, Bud for pointing me towards it. Cheers,
Trade to trade another day
  • #521,828
  • May 20, 2020 2:00pm May 20, 2020 2:00pm
Quoting Mitiblotch
{quote} Still holding your buys? Today's price action had no meaning. London did nothing but hit stops and same with N.Y. My target was 1.2300 area but it seems far fetched now. I just came home from work to check and see that price simply did nothing all day.
exactly... It fizzled out before it could clear a new high... or low for that matter... inside bar today...
  • #521,829
  • May 20, 2020 2:01pm May 20, 2020 2:01pm
Quoting Mitiblotch
{quote} Still holding your buys? Today's price action had no meaning. London did nothing but hit stops and same with N.Y. My target was 1.2300 area but it seems far fetched now. I just came home from work to check and see that price simply did nothing all day.
Garbage disposal pair
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #521,830
  • May 20, 2020 2:01pm May 20, 2020 2:01pm
Attached Image (click to enlarge)
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load or fold 60/40 long
  • #521,831
  • May 20, 2020 2:05pm May 20, 2020 2:05pm
Inserted Video
  • #521,832
  • May 20, 2020 2:08pm May 20, 2020 2:08pm
Quoting Mitiblotch
{quote} Still holding your buys? Today's price action had no meaning. London did nothing but hit stops and same with N.Y. My target was 1.2300 area but it seems far fetched now. I just came home from work to check and see that price simply did nothing all day.
Hi Miti, Yes I still have my buys. Patience is something that is stretched beyond human understanding. Very few will see it until they experience it. I hang in for what it is worth.
Cheers
Trade to trade another day
  • #521,833
  • May 20, 2020 2:15pm May 20, 2020 2:15pm
Quoting Wavegarrick
{quote} Hi Miti, Yes I still have my buys. Patience is something that is stretched beyond human understanding. Very few will see it until they experience it. I hang in for what it is worth. Cheers
2200 is a possible confirmation breakout of its last channel I would think . If ..if it works our 2400 end of week ... neck on the line there .lol below that shorts could Be back . Regards E
  • #521,834
  • May 20, 2020 2:17pm May 20, 2020 2:17pm
Quoting Wavegarrick
{quote} Hi Miti, Yes I still have my buys. Patience is something that is stretched beyond human understanding. Very few will see it until they experience it. I hang in for what it is worth. Cheers
I wish you pips. Just closed out mine. I'm usually willing to hold if I feel a sense of order and control, but PA seems confused. Interestingly enough EU seems far more logical for a while now. I trade GU with pivots in mind and it isn't a good thing when price keeps crisscrossing the daily pivot aimlessly.
  • #521,835
  • May 20, 2020 2:22pm May 20, 2020 2:22pm
Quoting Wavegarrick
{quote} Hi Miti, Yes I still have my buys. Patience is something that is stretched beyond human understanding. Very few will see it until they experience it. I hang in for what it is worth. Cheers
Attached Image (click to enlarge)
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going into a squeeeerze. If it breaks the triangle that should ??? Should point the way
  • #521,836
  • May 20, 2020 2:44pm May 20, 2020 2:44pm
Test Long
Attached Image (click to enlarge)
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  • #521,837
  • May 20, 2020 3:04pm May 20, 2020 3:04pm
Resistance Line is sustained.
Bears take over, Market set for
down movement on crossing 2200.
Take profit now at 2072
Holding sell view till otherwise.
Attached Image
Keep the Lights on then you can catch the rise from the dark.
  • #521,838
  • May 20, 2020 4:11pm May 20, 2020 4:11pm
Today i got my Stop loss hit with 35 Pips Spread on GU
is this something normal ?
Attached Image (click to enlarge)
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  • #521,839
  • May 20, 2020 4:16pm May 20, 2020 4:16pm
Quoting Mtahami
Today i got my Stop loss hit with 35 Pips Spread on GU is this something normal ? {image}
Was that the open spread when we hit 10PM GMT ? max I get is 10-15 pips usually around 10. Probs the broker more than the pair just opening slippage.
  • #521,840
  • May 20, 2020 4:17pm May 20, 2020 4:17pm
Quoting dondealova
Test Long {image}
out
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