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Cable Update (GBPUSD)

  • #524,501
  • Jun 1, 2020 8:13am Jun 1, 2020 8:13am
Quoting Yngwie
dollar so weak to climb
There is much uncertainty surrounding the dollar due to all the rioting happening and the manner in which it is being handled. In other words, confidence is down.
Learn from your mistakes and march on.
  • #524,502
  • Jun 1, 2020 8:15am Jun 1, 2020 8:15am
Quoting Moty
{image}
Daily pivot trading with no other analysis only works 50% of the time.. So we need other methods included, and it probably will fall to this level as it always falls after rising. How else can the market balance
  • #524,503
  • Jun 1, 2020 8:20am Jun 1, 2020 8:20am
there is dollar news in another 40 minutes
Intraday only.
  • #524,504
  • Jun 1, 2020 8:26am Jun 1, 2020 8:26am
Quoting navk
there is dollar news in another 40 minutes
im done for the day, but will be watching..
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  • #524,505
  • Jun 1, 2020 8:33am Jun 1, 2020 8:33am
Attached Image (click to enlarge)
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yes yes yes
  • #524,506
  • Jun 1, 2020 8:37am Jun 1, 2020 8:37am
Crossing below the trendline, 2 target's for the bears.

Attached Image (click to enlarge)
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Together we can be strongest
Vantage Return This Month: na
  • #524,507
  • Jun 1, 2020 8:38am Jun 1, 2020 8:38am
Quoting tehnoob
Yarrr me mates! After last week's feast, feeding must resume this week! Onwards and upwards to the biggest and richest feeding grounds! Take no prisoners! {image}
If trading was that easy, everyone would be doing it. Unfortunately if the price goes above the feeding area is no guarantee it will not reverse and drop enough to break the strategy and move onto another one. There are many many examples of this on the chart
  • #524,508
  • Jun 1, 2020 8:41am Jun 1, 2020 8:41am
Is this ASTALAVISTA Daily Pivot, maybe we will meet again another day, if your lucky?
  • #524,509
  • Jun 1, 2020 8:51am Jun 1, 2020 8:51am
no point in shorting this.

out for now
Intraday only.
  • #524,510
  • Jun 1, 2020 8:52am Jun 1, 2020 8:52am
Quoting navk
no point in shorting this. out for now
too much fundamental for me
  • #524,511
  • Jun 1, 2020 8:55am Jun 1, 2020 8:55am
Hard to looking for setup on NY open.
  • #524,512
  • Jun 1, 2020 8:57am Jun 1, 2020 8:57am
Quoting Gilaforex13
Hard to looking for setup on NY open.
Yeah, there was a setup about a week ago, to buy. I buy, now im in profitable trade and dont have to hunt for setups because i can hold a trade longer than a day, and over the weekend
  • #524,513
  • Jun 1, 2020 8:59am Jun 1, 2020 8:59am
Quoting mkvy
{quote} Yeah, there was a setup about a week ago, to buy. I buy, now im in profitable trade and dont have to hunt for setups because i can hold a trade longer than a day, and over the weekend
Im not patient. When blue/green, closed it.
  • #524,514
  • Jun 1, 2020 9:02am Jun 1, 2020 9:02am
Quoting Gilaforex13
{quote} Im not patient. When blue/green, closed it.
not criticising at all as every traders even there even myself

but is always worth letting a trade run, use smaller lots, so it won't make you attached to it, most of the time holding more actually pays off.

again, not telling you what to do, just a thought, as a scalper its on always on my mind ,thats why this week im testing larger length trades


Joe
  • #524,515
  • Jun 1, 2020 9:02am Jun 1, 2020 9:02am
Quoting Gilaforex13
{quote} Im not patient. When blue/green, closed it.
Yeah, its hard to hold onto a winning trade too. esp when the price comess down. But you have to be thinking. Do i want to be a screen slave or enjoy other things in life, like living. 90% of traders could not follow a profitable system to save their lives
  • #524,516
  • Jun 1, 2020 9:03am Jun 1, 2020 9:03am
good ism data , down down and below
Attached Image (click to enlarge)
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yes yes yes
  • #524,517
  • Jun 1, 2020 9:03am Jun 1, 2020 9:03am
Harmonic bearish, just need to confirm the drop.

Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 26 KB
Together we can be strongest
Vantage Return This Month: na
  • #524,518
  • Jun 1, 2020 9:05am Jun 1, 2020 9:05am
new daily high
  • #524,519
  • Jun 1, 2020 9:05am Jun 1, 2020 9:05am
Quoting navk
no point in shorting this. out for now
what did we say haha
  • #524,520
  • Jun 1, 2020 9:06am Jun 1, 2020 9:06am
Quoting Tpak
{image} if we consider this triangle , then broken and closed upside , so a strong hint for uptrend but will be tested ,if it holds then 2455 might be on cards on Monday. 2455 to 2485 is critical zone where sellers might get interested. on the other hand weekly candle hit the resistance at 2390 and was thrown below 2300 on that 4h candle but bounced of again to end up on 2342 at market close , considering it 2390-2400 should be tested again .{image} conclusion My bias is bullish above 2300 on monday upto 2455. but a day trader should definitely...
Still Valid
little bit of sense, little bit of luck
Ktr Return This Month: na
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