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Cable Update (GBPUSD)

  • #522,401
  • May 22, 2020 6:13am May 22, 2020 6:13am
Quoting CashForexPk
{quote} what is the purpose of all these indicators and EAs can u plz describe
it close all orders in 1 click
yes yes yes
  • #522,402
  • May 22, 2020 6:14am May 22, 2020 6:14am
Quoting elbert3
{quote} It’s cable . Regards E
I know it's Cable.
I'm talking about the trend line
Compulsions can be hard to resist
  • #522,403
  • May 22, 2020 6:16am May 22, 2020 6:16am
false break in the making
Attached Image (click to enlarge)
Click to Enlarge Name: gu15.png Size: 34 KB
yes yes yes
  • #522,404
  • May 22, 2020 6:24am May 22, 2020 6:24am
Quoting Moty
price is stuck between 1.21850 and 1.21618 5 pull back and 2 false breaks . the crooks are making good money today {image}
Just be careful of those Crooks Moty.
I think the London boys just handed their New York mates a nice price when they get into work.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 30 KB
Compulsions can be hard to resist
  • #522,405
  • May 22, 2020 6:31am May 22, 2020 6:31am
Quoting Moty
{quote} if eg getting stronger , it don't mean that gu is automatically getting weaker . that only means that gu is weaker from eu , and if eu is going down it could be that all 3 pairs will go down . and it could be a false break . {image}
EG broke major trend it means once it break 0.8927 we will enjoy a strong GBP and weak EUR and GJ could be flying too
  • #522,406
  • May 22, 2020 6:32am May 22, 2020 6:32am
GU is being really tuff to read but this is my view at the moment and I will follow it
Attached Image (click to enlarge)
Click to Enlarge Name: gu fin.jpg Size: 197 KB
  • #522,407
  • May 22, 2020 6:42am May 22, 2020 6:42am
break of 2196 is a clear flip to long for me
just my 2 cnts
in wondering about yourself, you forgot what you came here to be part of
  • #522,408
  • May 22, 2020 6:44am May 22, 2020 6:44am
Quoting trumps
{quote} I know it's Cable. I'm talking about the trend line
Sorry . Text can be hard to read into .. I meant . Well it’s cable who knows if it’s broke ..retested ...up down ... sideways . I just try to read things the way I have done now for years . You know with a blink of an eye . Or you go make coffee it can bite you on the bum . Hope that makes some sense regards
  • #522,409
  • May 22, 2020 6:45am May 22, 2020 6:45am
Quoting trumps
{quote} Just be careful of those Crooks Moty. I think the London boys just handed their New York mates a nice price when they get into work. {image}
How can u draw TL like that ? absolutely Crooks
  • #522,410
  • May 22, 2020 6:49am May 22, 2020 6:49am
Quoting msniper
{quote} EG broke major trend it means once it break 0.8927 we will enjoy a strong GBP and weak EUR and GJ could be flying too
DAILY CHART tells another story .
first rule of Friday club : there is no stop in the direction until it's get to adr target
Attached Image (click to enlarge)
Click to Enlarge Name: guM1.png Size: 17 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gu15.png Size: 33 KB

the crooks in the dx
Attached Image (click to enlarge)
Click to Enlarge Name: dx15.png Size: 25 KB
yes yes yes
  • #522,411
  • May 22, 2020 6:52am May 22, 2020 6:52am
Quoting msniper
GU is being really tuff to read but this is my view at the moment and I will follow it {image}
EURGBP is going to face a decline sooner rather than later. Last weekend I posted a correction to 0.8450 and once this happens Eurusd and GBPUSD will have 20 cents difference between them. As eurusd is trading at 1.09, GBPUSD should be trading at 1.29, so GBPUSD is almost 8 cents behind.

As for GBPUSD closure below 1.2250 opens a bearish case for a test of 1.2000/1.1986 next week being the final week of May. May's range is usually around 570 to 600 pips which could mean 1.2600 - 1.2023. then a reversal of 120 - 170 pips could follow before the month end. So a medium term view is range between 1.20 - 1.27 in the next 5-6 weeks.
Data + Stat + Risk/Emotions Management
  • #522,412
  • May 22, 2020 6:53am May 22, 2020 6:53am
Moty, how many trades a day do you do?
Thanks!
used to be undecided but nowadays can't make my mind up
  • #522,413
  • May 22, 2020 6:57am May 22, 2020 6:57am
Quoting Moty
{quote} DAILY CHART tells another story . first rule of Friday club : there is no stop in the direction until it's get to adr target {image}{image} the crooks in the dx {image}
Buddy you can't change bull's thoughts.. they're think is up
You think bear so down, stick to your idea.
What i do when i enter trade specifically in this kind of pair
Is ro to enter the trade and open after that only the hr4 chart than i took my bike and go for nice ride into our magnificent country and yes i watch my trades but only every 4 hours.
Take care buddy.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #522,414
  • May 22, 2020 6:57am May 22, 2020 6:57am
Quoting Moty
{quote} DAILY CHART tells another story . first rule of Friday club : there is no stop in the direction until it's get to adr target {image}{image} the crooks in the dx {image}
I am not sure what daily story ur talking about

for me once 0.8927 is broken then the top is confirmed and we going down

look at the bearish shooting star candle

and look how the trend got broken and retested

its just matter of time before crashing and this will lead to GBP strength against EUR
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eg1.jpg Size: 84 KB
Click to Enlarge Name: eg2.jpg Size: 76 KB
  • #522,415
  • May 22, 2020 6:57am May 22, 2020 6:57am
ok as i see if bears break this level i saw strong level at 1.2154 in 1/5/15/30 min and 1 and 4 h maybe back when reach that level/any one have idea
  • #522,416
  • May 22, 2020 7:08am May 22, 2020 7:08am
Quoting Moty
{quote} what !?!? you are going now ? when the pull back to yesterday's low had completed ? now all the fun begin , drop drop like a stone , 50 pips below {image}
Moty and his vise for squeezing the pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GU05.22.30M.png Size: 82 KB
Always trade your own plan...I don't provide trading signals.
  • #522,417
  • May 22, 2020 7:10am May 22, 2020 7:10am
arguing direction does not make sense right now.
could go either way.
price just needs some kind of push out of the formation.
M1
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 20 KB
in wondering about yourself, you forgot what you came here to be part of
  • #522,418
  • May 22, 2020 7:14am May 22, 2020 7:14am
Quoting shahab8b
I will use this setup to add to the short position {image}
GU
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD5 5 20 2020.PNG Size: 83 KB
Click to Enlarge Name: GBPUSDM15. 5 22 2020png.png Size: 50 KB
  • #522,419
  • May 22, 2020 7:15am May 22, 2020 7:15am
looking for 2130
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #522,420
  • May 22, 2020 7:15am May 22, 2020 7:15am
i believe s&p i correlated with gu and eu against the dollar .
down down and below
break of 1.21618 will bring us to 1.21260 and even below
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dxh1.png Size: 37 KB
Click to Enlarge Name: guM1.png Size: 48 KB
yes yes yes
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