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Cable Update (GBPUSD)

  • #522,601
  • May 24, 2020 1:27pm May 24, 2020 1:27pm
Quoting OnlineAddict
{quote} Not really, GU doesn't really care about closing gaps...some were open for weeks or months. Some will probably never close again.
Ok .
Take care..i have so far about 1600 pips in my shorts so i no worries
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #522,602
  • May 24, 2020 1:27pm May 24, 2020 1:27pm
Quoting elbert3
{image}{quote} There is one in my picture .1.6500 area . Be nice to close that one .
Ok that hilarious.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #522,603
  • May 24, 2020 1:30pm May 24, 2020 1:30pm
Tomorrow holiday both USA and UK off
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #522,604
  • May 24, 2020 1:32pm May 24, 2020 1:32pm
Quoting Almo2312
{quote} Ok . Take care..i have so far about 1600 pips in my shorts so i no worries
Whats your TP and SL?
Everyone can see the chart, but only a few can actually read it.
  • #522,605
  • May 24, 2020 1:34pm May 24, 2020 1:34pm
Quoting OnlineAddict
{quote} Whats your SL?
I just follow the flow buddy if i sense any reverse i take out and reverse
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #522,606
  • May 24, 2020 1:41pm May 24, 2020 1:41pm
Technically, I am still bearish GBPUSD. Price action has broken down the 1.23000 horizontal support which had held as support for the previous four weeks. On the H4 time frame, although there was a sideways of price action last week Friday, technicals still favour bears. Price action is respecting a falling trendline (magenta).

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4_May 24, 2020.png Size: 55 KB
Do your homework, follow the footprints of smart money
  • #522,607
  • May 24, 2020 1:43pm May 24, 2020 1:43pm
Quoting Almo2312
{quote} I just follow the flow buddy if i sense any reverse i take out and reverse
Got it!
Everyone can see the chart, but only a few can actually read it.
  • #522,608
  • May 24, 2020 2:46pm May 24, 2020 2:46pm
Mark a line at 2161. Below 2161 the price will fall to 2140.
Intraday only.
  • #522,609
  • May 24, 2020 3:17pm May 24, 2020 3:17pm
Quoting Almo2312
{quote} Ok that hilarious.
Lol I was joking. Or was I but it is truer the gap is there hence the photo . I lost about 4.5k before I had to mindfully give it up .
  • #522,610
  • May 24, 2020 3:21pm May 24, 2020 3:21pm
im gonna swing buy
  • #522,611
  • May 24, 2020 3:31pm May 24, 2020 3:31pm
Check out the very long term monthly charts
  • #522,612
  • May 24, 2020 3:35pm May 24, 2020 3:35pm
Attached Image (click to enlarge)
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!!!!
  • #522,613
  • May 24, 2020 3:40pm May 24, 2020 3:40pm
Quoting elbert3
{image} !!!!
your broker is playing games with you or where did you find that chart?
  • #522,614
  • May 24, 2020 3:56pm May 24, 2020 3:56pm
Quoting elbert3
{image} !!!!
Must be a spread thing, didn't see it on any of my brokers. Looks like a typical Oanda type of scam. What broker is that?
Everyone can see the chart, but only a few can actually read it.
  • #522,615
  • May 24, 2020 3:57pm May 24, 2020 3:57pm
https://medium.com/@globalprimeforex...s-938c7a34edeb
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #522,616
  • May 24, 2020 4:06pm May 24, 2020 4:06pm
Quoting elbert3
{image} !!!!
better not to set stop loss especially until tokyo open.
Intraday only.
  • #522,617
  • May 24, 2020 4:17pm May 24, 2020 4:17pm
Quoting OnlineAddict
{quote} Must be a spread thing, didn't see it on any of my brokers. Looks like a typical Oanda type of scam. What broker is that?
Mmm best not say . I only use it as a chart that I can show here . I can’t show a chart from the platform I use as it’s spread betting. Soo I best not say what platform or broker . But I was surprised when I seen it . The crazy thing is look at the number . A lot of traders posting that as a target.
  • #522,618
  • May 24, 2020 4:20pm May 24, 2020 4:20pm
I think be because it’s demo it’s not working as it should if that’s possible
  • #522,619
  • May 24, 2020 4:22pm May 24, 2020 4:22pm
Attached Image (click to enlarge)
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that’s 15 min so yes totally f...Jed . I might refresh the site
  • #522,620
  • May 24, 2020 4:28pm May 24, 2020 4:28pm
Quoting elbert3
{quote} Mmm best not say . I only use it as a chart that I can show here . I can’t show a chart from the platform I use as it’s spread betting. Soo I best not say what platform or broker . But I was surprised when I seen it . The crazy thing is look at the number . A lot of traders posting that as a target.
Too bad, I am sure many are curious, not just me. Some brokers use this low liquidity periods for SL hunts with 50 pip spread widening and stuff like that. Oanda was famous for that back in the day.
Everyone can see the chart, but only a few can actually read it.
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