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Cable Update (GBPUSD)

  • #524,621
  • Jun 1, 2020 1:54pm Jun 1, 2020 1:54pm
Quoting Not-KPMG
{quote} Pound??.. It's going down to 1.15 and below..... Cos it's in total mess. All lies about UK stability and business Find my angry pounds picture Or this below. From 2017. Nothing has changed {image}
well i would not make any emotional trades. Just buy if its going up, sell if its going down. I dont care which way. Which ever way it goes i'll be there with it
  • #524,622
  • Jun 1, 2020 1:54pm Jun 1, 2020 1:54pm
Quoting KeenPips
How would you use the monthly candlestick? In a top-down analytical approach? Personally, that's how I use the MN tf and particularly for swing trading. KP {quote}
By price action.
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Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #524,623
  • Jun 1, 2020 1:59pm Jun 1, 2020 1:59pm
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just put a big lot on and left it
  • #524,624
  • Jun 1, 2020 2:00pm Jun 1, 2020 2:00pm
im astounded its just rising, im debating chucking a decent size lot and wait for it to reject
  • #524,625
  • Jun 1, 2020 2:01pm Jun 1, 2020 2:01pm
the gap is closed , 1.24924
yes yes yes
  • #524,626
  • Jun 1, 2020 2:03pm Jun 1, 2020 2:03pm
Quoting joesherwood
im astounded its just rising, im debating chucking a decent size lot and wait for it to reject
USD is screwed. The riots have caused this.
Learn from your mistakes and march on.
  • #524,627
  • Jun 1, 2020 2:04pm Jun 1, 2020 2:04pm
im planning on putting in a short in a mo, never trade this late but I just can't see how it just keeps going and going, just gonna place it and see where its at when I wake in the morning.
  • #524,628
  • Jun 1, 2020 2:06pm Jun 1, 2020 2:06pm
Quoting Wavegarrick
{quote} Hi Guys, Have not had much time to post here of late. My previous shorts were all taken out at locked in pips. I have however opened a buy trade with the breakout of my descending trend line at 1.23000 ish. The way I see it is that the pound has much more room for strengthening with an intermediate target of 1.25926 ish, my monthly res 1. {image} The euro to the pound shows an intermediate phase of pound strength and a slightly weakening Euro. Basically the two are decoupling which gives a short term phase of euro pound shorts. {image} Depending...
Nice little price action after my last little minuscule post, anyway leave it like that
Cheers.
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Trade to trade another day
  • #524,629
  • Jun 1, 2020 2:06pm Jun 1, 2020 2:06pm
while most of the traders chase it down i make some G's to the up..

trade safe folks
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Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #524,630
  • Jun 1, 2020 2:07pm Jun 1, 2020 2:07pm
Quoting joesherwood
im planning on putting in a short in a mo, never trade this late but I just can't see how it just keeps going and going, just gonna place it and see where its at when I wake in the morning.
There is a possibility it could go up another hundred pips or so. I am not trading against the trend. I have learned the hard way not to do that. Until I see a strong bearish candle body close below the low of a previous bearish candle on a higher time frame such as the 4HR or 8HR, I will continue to go long.
Learn from your mistakes and march on.
  • #524,631
  • Jun 1, 2020 2:09pm Jun 1, 2020 2:09pm
What happened to the daily pivot? theres always tomorrows pivot
  • #524,632
  • Jun 1, 2020 2:09pm Jun 1, 2020 2:09pm
Quoting here2there
{quote} There is a possibility it could go up another hundred pips or so. I am not trading against the trend. I have learned the hard way not to do that. Until I see a strong bearish candle body close below the low of a previous bearish candle on a higher time frame such as the 4HR or 8HR, I will continue to go long.
Scary one-way candles is how GU ends trends.
Everyone can see the chart, but only a few can actually read it.
  • #524,633
  • Jun 1, 2020 2:10pm Jun 1, 2020 2:10pm
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Quoting Moty
the gap is closed , 1.24924
Gap closed 136 gbj ?? 2950 may be of gu . As posted this morning look where it is . Could be a killing place both ways if any shorts were way down . Watch any reaction 2515 next
  • #524,634
  • Jun 1, 2020 2:16pm Jun 1, 2020 2:16pm
Wait for 1.2540s to short for 1.2340-60 Take profit
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #524,635
  • Jun 1, 2020 2:18pm Jun 1, 2020 2:18pm
Quoting mkvy
{quote} well i would not make any emotional trades.

Just buy if its going up, sell if its going down. I dont care which way. Which ever way it goes i'll be there with it

Sure

I didn't say 1.15 next week..... But one day
Beware of robber banks (RB), bad advisors.
  • #524,636
  • Jun 1, 2020 2:19pm Jun 1, 2020 2:19pm
Quoting joesherwood
im astounded its just rising, im debating chucking a decent size lot and wait for it to reject
M15 is cracking
H1 is holding

I will scalp short here for about 15 pips

then i think the push up continues man...
quite the momentum !
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in wondering about yourself, you forgot what you came here to be part of
  • #524,637
  • Jun 1, 2020 2:20pm Jun 1, 2020 2:20pm
weeeeee! We have now passed the massive feeding grounds of 1.2480s

Omononononomm
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  • #524,638
  • Jun 1, 2020 2:23pm Jun 1, 2020 2:23pm
Quoting mkvy
{quote} Come on. You know and i know than GBP is underpriced by a long way. there aint no way its going to follow your large arrow dowm
true, but the Brits are currently ahead of the Americans in monetisation of the virus deficits

Brits' printing press already going BRRRRRRRRR whereas Americans' still only brrrrrr
  • #524,639
  • Jun 1, 2020 2:24pm Jun 1, 2020 2:24pm
Stop adjusted to 1.2515... madness always happen when the trend is about to end will stretch reverse traders to the limit... See May 15.
Data + Stat + Risk/Emotions Management
  • #524,640
  • Jun 1, 2020 2:28pm Jun 1, 2020 2:28pm
first chart is for my previews analysis and price managed to go up just like I expected after closing above 1.2250

now price finally reached to the cup and handle target , inside my SELL square area

and at the same time I have a possible harmonic patter support that we might have a major top soon

so or me am out of any long and I will be getting ready to enter short tomorrow or after lets see any sign for reversal

target 1.18xx so far
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