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Cable Update (GBPUSD)

  • #524,421
  • Jun 1, 2020 3:07am Jun 1, 2020 3:07am
AM LONG
Attached Image (click to enlarge)
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Watch me trade Live on YouTube
  • #524,422
  • Jun 1, 2020 3:08am Jun 1, 2020 3:08am
M5

SellStop @ 1.24099

atb vvm
PA Trading with EMAs & common Sense
  • #524,423
  • Jun 1, 2020 3:10am Jun 1, 2020 3:10am
Attached Image (click to enlarge)
Click to Enlarge Name: 01.06-M5-2.png Size: 66 KB
PA Trading with EMAs & common Sense
  • #524,424
  • Jun 1, 2020 3:11am Jun 1, 2020 3:11am
10:09 (CN) China said to have halted some US agricultural imports due to rising tensions between the countries - financial press - Source TradeTheNews.com
Life is great!!
  • #524,425
  • Jun 1, 2020 3:12am Jun 1, 2020 3:12am
Attached Image (click to enlarge)
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yes yes yes
  • #524,426
  • Jun 1, 2020 3:12am Jun 1, 2020 3:12am
Oh no, my SL hit.
  • #524,427
  • Jun 1, 2020 3:12am Jun 1, 2020 3:12am
Quoting SFundamental
Went long the Aussie- did not make sense for price to be low Plus they have also opened up some other states + positive sentiment from Friday This is helping the pound...
Nice long ..dollar weakness (riots/news), aussie strength (news) and a cheap price
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #524,428
  • Jun 1, 2020 3:15am Jun 1, 2020 3:15am
Attached Image (click to enlarge)
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one can see the 2 dt candle formation, both times trading on top of 50 ema which seems to be the resistance now . 1. Do we look for the same type of pattern on this level . 2. Crossover is close to happening but it did before and railed .. only confirming over that 50 ema could we look to trade 1.43 .. 3 . It fails at 2500 if it gets there and the possibility of 1.1950 could come into play .
  • #524,429
  • Jun 1, 2020 3:15am Jun 1, 2020 3:15am
M5

SL to BE

atb vvm
PA Trading with EMAs & common Sense
  • #524,430
  • Jun 1, 2020 3:15am Jun 1, 2020 3:15am
Quoting SFundamental
Looking at the chart on Friday...the pound was bullish Just thinking if we will get some more balancing into June I was really looking for 1.2500 Hopefully, Friday's sentiment will carry over- lets see although these riots are not great The Aussie index should rally - and that will carry over into London If we can get an up move say 1.2420- might then try and short it On Tuesday the papers might lead on Brexit - and that could mean a sell on Cable **ISM manu due at 3pm on Monday
And price started selling off from 1.2425- 5 pips away called hours before-hand.....
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #524,431
  • Jun 1, 2020 3:16am Jun 1, 2020 3:16am
The bullish M5 run has been forced back to the M5 average. We shall soon get a definite direction
Attached Image (click to enlarge)
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  • #524,432
  • Jun 1, 2020 3:21am Jun 1, 2020 3:21am
Quoting Moty
i am not buying this bull(sh*t) move {image}
I think it's just a diversion..it's just going back I think
  • #524,433
  • Jun 1, 2020 3:23am Jun 1, 2020 3:23am
Attached Image (click to enlarge)
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yes yes yes
  • #524,434
  • Jun 1, 2020 3:32am Jun 1, 2020 3:32am
Quoting Aleksbuk
https://www.youtube.com/watch?v=-nv3...ature=youtu.be
The move up looks on with the bulls in play at the mo
  • #524,435
  • Edited 4:38am Jun 1, 2020 3:34am | Edited 4:38am
trades so far today for me.

entry 1.24050 sl 215 - SL hit
entry 1.24215 tp 1.238 - TP hit + 21

attempting to get in longer duration trades, with smaller lots this week, will document.
  • #524,436
  • Jun 1, 2020 3:34am Jun 1, 2020 3:34am
5 am est candle 4hr will show resistance at 2425.

a set up to short.
Intraday only.
  • #524,437
  • Jun 1, 2020 3:37am Jun 1, 2020 3:37am
M15

BuyStop @ 1.24093

atb vvm
PA Trading with EMAs & common Sense
  • #524,438
  • Jun 1, 2020 3:38am Jun 1, 2020 3:38am
Attached Image (click to enlarge)
Click to Enlarge Name: 01.06-M15-1.png Size: 57 KB
PA Trading with EMAs & common Sense
  • #524,439
  • Jun 1, 2020 3:40am Jun 1, 2020 3:40am
Quoting Georginson
{quote} True, records are meant to be broken but weekly still has a big chance of returning to 1.2300 before or if any further rise.
hope it works out for you

Im long here on M15
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in wondering about yourself, you forgot what you came here to be part of
  • #524,440
  • Jun 1, 2020 3:42am Jun 1, 2020 3:42am
I think I should wait a bit before I re-enter this market, I don't wanna be a victim of FOMO (Fear Of Missing Out)
I'm enjoying the wins because I was once terrified by loses
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