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Cable Update (GBPUSD)

  • #524,441
  • Jun 1, 2020 3:50am Jun 1, 2020 3:50am
Quoting knkie
{quote} hope it works out for you Im long here on M15 {image}
You are right, lower time frames still looks bullish, waiting on the 4 hours chat to close below the opening price for bearish confirmation or wait for price to range 130 - 150 pips today for a certain reversal as Mondays are now having more volume than usual. I'm summary short from 1.2420/1.2435 will have a minimal risk with a target at 1.2300.
Data + Stat + Risk/Emotions Management
  • #524,442
  • Jun 1, 2020 3:52am Jun 1, 2020 3:52am
Quoting Georginson
{quote} You are right, lower time frames still looks bullish, waiting on the 4 hours chat to close below the opening price for bearish confirmation or wait for price to range 130 - 150 pips today for a certain reversal as Mondays are now having more volume than usual. I'm summary short from 1.2420/1.2435 will have a minimal risk with a target at 1.2300.
What about your 1,21 from last week ? you don't see it anymore?
COT: The precious data ignored
  • #524,443
  • Jun 1, 2020 3:56am Jun 1, 2020 3:56am
Attached Image (click to enlarge)
Click to Enlarge Name: gu15.png Size: 37 KB
yes yes yes
  • #524,444
  • Jun 1, 2020 3:59am Jun 1, 2020 3:59am
UK headlines are full of the economy opening up again
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #524,445
  • Jun 1, 2020 4:02am Jun 1, 2020 4:02am
Attached Image (click to enlarge)
Click to Enlarge Name: 01.06-M5-3.png Size: 65 KB
PA Trading with EMAs & common Sense
  • #524,446
  • Jun 1, 2020 4:03am Jun 1, 2020 4:03am
Quoting Georginson
{quote} You are right, lower time frames still looks bullish, waiting on the 4 hours chat to close below the opening price for bearish confirmation or wait for price to range 130 - 150 pips today for a certain reversal as Mondays are now having more volume than usual. I'm summary short from 1.2420/1.2435 will have a minimal risk with a target at 1.2300.
im not an expert on weekly levels but if i gave it a shot i would say 1.2499 is where price would turn.
could be very wrong though
in wondering about yourself, you forgot what you came here to be part of
  • #524,447
  • Jun 1, 2020 4:10am Jun 1, 2020 4:10am
Quoting knkie
{quote} im not an expert on weekly levels but if i gave it a shot i would say 1.2499 is where price would turn. could be very wrong though
Why did you not say 1.2500? Only 1 point.
  • #524,448
  • Jun 1, 2020 4:10am Jun 1, 2020 4:10am
M5
removed my SellStop
I see a small Range 10p here
don't sell here (near the Bottom of the Range).....

atb vvm
PA Trading with EMAs & common Sense
  • #524,449
  • Jun 1, 2020 4:16am Jun 1, 2020 4:16am
It's like the crooks? want to push PA up to 2450 at all costs but it's looking herculean at the moment
  • #524,450
  • Jun 1, 2020 4:17am Jun 1, 2020 4:17am
looking to sell @ 2455 ~ 2500
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #524,451
  • Jun 1, 2020 4:17am Jun 1, 2020 4:17am
Quoting Gilaforex13
{quote} Why did you not say 1.2500? Only 1 point.
oh thats just a tick of mine.
I figure if 1.25 is the psychological level then one should get out before that.
To be more precise: 1.25 minus the spread would be my take profit.
in wondering about yourself, you forgot what you came here to be part of
  • #524,452
  • Jun 1, 2020 4:20am Jun 1, 2020 4:20am
Quoting kuroro001
{quote} What about your 1,21 from last week ? you don't see it anymore?
Last Thursday post during London market, I clearly stated a break of 1.2320 means 1.2435 is definite, then price will find its way back to 1.21/1.20 levels.
Data + Stat + Risk/Emotions Management
  • #524,453
  • Jun 1, 2020 4:25am Jun 1, 2020 4:25am
Quoting Georginson
{quote} Last Thursday post during London market, I clearly stated a break of 1.2320 means 1.2435 is definite, then price will find its way back to 1.21/1.20 levels.
Meaning you short 1,2435 for 1,20/1,21 or you wait for a break down of 1,2320 to go short for 1,20/1,21 ?
COT: The precious data ignored
  • #524,454
  • Jun 1, 2020 4:28am Jun 1, 2020 4:28am
At the investment banks they have strategists - its their job to tell clients & traders what is happening.
The best fx strategist in the world is Jane Foley
https://www.rabobankwholesalebanking...ster-rankings/
https://research.rabobank.com/market...ane-foley.html
Like other strategists, she starts off with looking at what is happening in the market and will develop a strategy based on that

So all I have to do is to wait for for the obvious opportunities to occur.
Book balancing last week, Gold into Donald Trump's speech..

Once you have the correct macro strategy - then its other stuff
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #524,455
  • Jun 1, 2020 4:32am Jun 1, 2020 4:32am
Quoting knkie
{quote} hope it works out for you Im long here on M15 {image}
not liking it.
its struggling too much.
Dumped

BE & -5

maybe later....
in wondering about yourself, you forgot what you came here to be part of
  • #524,456
  • Jun 1, 2020 4:37am Jun 1, 2020 4:37am
Quoting SFundamental
Jane Foley
I think I saw her on CNBC as well some time ago. Forgot the name but remember picture. She was spot on analising cable that time
Life is great!!
  • #524,457
  • Jun 1, 2020 4:37am Jun 1, 2020 4:37am
currently BE for the day, 1 trade hit sl with 1 hit half my tp so i pulled.

will continue watching chart, but seems to be a dead morning for London, so may come back tomorrow

trade safe
Joe
  • #524,458
  • Jun 1, 2020 4:44am Jun 1, 2020 4:44am
Quoting kuroro001
{quote} Meaning you short 1,2435 for 1,20/1,21 or you wait for a break down of 1,2320 to go short for 1,20/1,21 ?
Personally I have placed a short from 1.2410 with partial closure at 1.2300 and full closure at 1.2160, my stop level is 1.2500 being swing trades.
Data + Stat + Risk/Emotions Management
  • #524,459
  • Jun 1, 2020 4:45am Jun 1, 2020 4:45am
Vantage bears but they need to take out the WR 38 pivot at 2390 to be taken seriously
  • #524,460
  • Jun 1, 2020 4:46am Jun 1, 2020 4:46am
M5
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PA Trading with EMAs & common Sense
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