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Cable Update (GBPUSD)

  • #522,841
  • May 26, 2020 3:58am May 26, 2020 3:58am
all out !!!
today i will withdraw , long time this didn't happand.
actually i didn't withdraw sinse 11/5 , so it's a happy day .
i will sell new hourly low with sl above the previous candle
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yes yes yes
  • #522,842
  • May 26, 2020 3:58am May 26, 2020 3:58am
Quoting OnlineAddict
{quote} I think we will break friday's resistance of 2219(from Frankfurt to London and NY) easily...2230-50 minimum, possible break above 2300 next week.
And done, too. You can retrace now.
Everyone can see the chart, but only a few can actually read it.
  • #522,843
  • May 26, 2020 3:59am May 26, 2020 3:59am
Quoting ongtrumvn99
{quote} ADD LONG 1.2239
HOLD
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SCALP WIN
  • #522,844
  • May 26, 2020 4:02am May 26, 2020 4:02am
Quoting ongtrumvn99
The market will only have a "breakout party" once in a while, so let's make lots of money.
SCALP WIN
  • #522,845
  • May 26, 2020 4:05am May 26, 2020 4:05am
I dont think its wise to do any sell today. IMHO, better to keep your long, if you still have it, or just stay away for it for a while.
  • #522,846
  • May 26, 2020 4:06am May 26, 2020 4:06am
New SHORT at 1.2310, target 1.2110 Stop 1.2370.
Data + Stat + Risk/Emotions Management
  • #522,847
  • May 26, 2020 4:06am May 26, 2020 4:06am
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added next tl attraction. It’s a big buy so watch for the start of pull backs
  • #522,848
  • May 26, 2020 4:11am May 26, 2020 4:11am
What happened to GU, very crazy
  • #522,849
  • May 26, 2020 4:13am May 26, 2020 4:13am
Attached Image (click to enlarge)
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yes yes yes
  • #522,850
  • May 26, 2020 4:16am May 26, 2020 4:16am
Quoting htcone
Price has never closed below 1.21 on a monthly closing basis even during the March madness. it is monthly swing area. 1.20 is very important on a weekly closing basis. It is a swing area on a weekly and chart states it is very strong one. So if 1.20 would give up on a weekly closing basis then previous low are much likely to be tested again. On the other hand, during the last week of this month we might see buyers coming back aggressively to defend 1.21 level to close the month above that level. This is all based on chart. Anyone with basis knowledge...
said this on 16 may
Monthly zone are very strong...
sell strength in falling markets, and buy weakness in rising markets.
  • #522,851
  • May 26, 2020 4:17am May 26, 2020 4:17am
Normal Bulls
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Todays Bulls
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"Pain + Reflection = Progress"-Ray Dalio
  • #522,852
  • May 26, 2020 4:17am May 26, 2020 4:17am
Quoting Ah-Ong
What happened to GU, very crazy
It went long from last Sunday . 4 pips off the 61.8% at 1.2159 as posted by other trader . The boys sneeeeeky cable buyer pulled the wool over retailers eyes . They did it a couple of weeks ago. 2495 the gap never closed they sold it off just before . And again 2290 just before 2300 resistance. And look what’s going on . 2300 gone so where next ? O by the way they also did it on gbj . Gap 136 . Where did they sell it . 135.500. But the never fooled me .
  • #522,853
  • May 26, 2020 4:20am May 26, 2020 4:20am
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next
  • #522,854
  • May 26, 2020 4:23am May 26, 2020 4:23am
Quoting Siame
Yesterday is not counted. Friday's & Thursday's Highs swept. A close back and I'll take SELLs I'll wait for Wednesday's High to be swept to initiate SHORT positions. {image}

All Highs swept!!!

Can't touch this till 1.23700. Bulls got today.
  • #522,855
  • May 26, 2020 4:25am May 26, 2020 4:25am
i am short
Attached Image (click to enlarge)
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yes yes yes
  • #522,856
  • May 26, 2020 4:25am May 26, 2020 4:25am
Quoting elbert3
{quote} It went long from last Sunday . 4 pips off the 61.8% at 1.2159 as posted by other trader . The boys sneeeeeky cable buyer pulled the wool over retailers eyes . They did it a couple of weeks ago. 2495 the gap never closed they sold it off just before . And again 2290 just before 2300 resistance. And look what’s going on . 2300 gone so where next ? O by the way they also did it on gbj . Gap 136 . Where did they sell it . 135.500. But the never fooled me .
Interesting.... What is your take?
Data + Stat + Risk/Emotions Management
  • #522,857
  • May 26, 2020 4:27am May 26, 2020 4:27am
Cable story will end below 1.2340 roof, so short from here for big take profit.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #522,858
  • May 26, 2020 4:28am May 26, 2020 4:28am
Quoting Georginson
{quote} Interesting.... What is your take?
About £15 k lol
  • #522,859
  • May 26, 2020 4:35am May 26, 2020 4:35am
Quoting Ah-Ong
What happened to GU, very crazy
last 5 days atr was 46 before today , the spike was waiting .
normal atr for gu is 90 pips per day so ....
now last 6 days atr is 66
yes yes yes
  • #522,860
  • May 26, 2020 4:45am May 26, 2020 4:45am
dont sell....next target is monthly pivot at 1.2465
buy at retest of 12290
sell strength in falling markets, and buy weakness in rising markets.
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