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Cable Update (GBPUSD)

  • #524,721
  • Jun 2, 2020 12:07am Jun 2, 2020 12:07am
Why I don't have the right to judge right or wrong, it will help people better understand. What is not good ??? Looks like you're narcissistic about this.
SCALP WIN
  • #524,722
  • Jun 2, 2020 12:09am Jun 2, 2020 12:09am
Quoting ongtrumvn99
Why I don't have the right to judge right or wrong, it will help people better understand. What is not good ??? Looks like you're narcissistic about this.
To help people better understand.. teach and share you knowledge instead of insults or trying to prove a point. No one is perfect everyone is learning. Rise together!
  • #524,723
  • Jun 2, 2020 12:30am Jun 2, 2020 12:30am
To be honest - I don't see what can stop the pound to the upside to at least 1.2600, but will not be buying at this time.

The reward to risk ratio is pushing me to the downside.

IMO we will see another push to 1.25250 in London before it turns south.

P.s FF has provided us the option for DM, so please keep all the BS there and post only views about trading and analysis.
Patience and Discipline.
  • #524,724
  • Jun 2, 2020 12:39am Jun 2, 2020 12:39am
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yes yes yes
  • #524,725
  • Jun 2, 2020 12:46am Jun 2, 2020 12:46am
Quoting Not-KPMG
{quote} It's perfectly logical.... The dumb money just added many shorts. We'll see 1.26 pretty fast. Not buy advice.!!! Then as shorts give up and REVERSE they'll quitetly trash pound..... I'm looking for sells 1.2550-2650 -2750 towards 2430-70. Pound is simple
what happened with your 1.15 target why would u target only 1.24xx area ?
  • #524,726
  • Jun 2, 2020 12:50am Jun 2, 2020 12:50am
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Morning just watch for possible h/s.as we are at dt resistance. But has price broke and confirmed.
  • #524,727
  • Jun 2, 2020 12:51am Jun 2, 2020 12:51am
Quoting tehnoob
{quote} we still got that beautiful "double top" bear trap at 1.2650 to snap closed
I think your puffer fish will survive another day!
Lost....
  • #524,728
  • Jun 2, 2020 12:55am Jun 2, 2020 12:55am
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have to watch this line at the 20 ema around 246 area .that could fool one into thinking it’s going short . But if it does move down to there that’s also a breakout confirm. And we go a lot higher . I have 7 longs not at pp 2480
  • #524,729
  • Jun 2, 2020 1:29am Jun 2, 2020 1:29am
this is my updated analysis

I might be wrong but I believe we are in correction wave in big frames and high possibility we will go above the TOP of A before the big short rallies start.

I suggest temporarily top near 1.2600 and the major historical top maybe around 1.2850
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  • #524,730
  • Jun 2, 2020 1:33am Jun 2, 2020 1:33am
LONG
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Watch me trade Live on YouTube
  • #524,731
  • Jun 2, 2020 1:37am Jun 2, 2020 1:37am
Having rest of week off. Lost all my shorts this morning in total 4% loss on account. What can you do. See you all later.
  • #524,732
  • Jun 2, 2020 1:38am Jun 2, 2020 1:38am
still people trying to short.

May be for scalp ?

2550/60 on cards first
Intraday only.
  • #524,733
  • Jun 2, 2020 1:38am Jun 2, 2020 1:38am
Quoting joesherwood
Having rest of week off. Lost all my shorts this morning in total 4% loss on account. What can you do. See you all later.
for me too good amount of loss in shorts
Intraday only.
  • #524,734
  • Jun 2, 2020 1:47am Jun 2, 2020 1:47am
LONG

1.26400 next resistance it seems.

A close below yesterday's High invalidates this Bullish Bias.



.
  • #524,735
  • Jun 2, 2020 1:50am Jun 2, 2020 1:50am
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That’s a big candle . We will have to see some retrace . Triple top is the next big level . Longs all pp now trying to run close to the price on 5 min
  • #524,736
  • Jun 2, 2020 1:52am Jun 2, 2020 1:52am
Still Hold my short... Still target 1.2280...
Data + Stat + Risk/Emotions Management
  • #524,737
  • Jun 2, 2020 1:55am Jun 2, 2020 1:55am
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yes yes yes
  • #524,738
  • Jun 2, 2020 1:55am Jun 2, 2020 1:55am
Might sound a bit mad 2570 area watch . And for any sell off to 2325 area . But even that case buy bit back with 50 pip stop . That if ??if it hold should see 2950 to 3250 area
  • #524,739
  • Jun 2, 2020 1:56am Jun 2, 2020 1:56am
Entered short at 1.2546 first tp at 1.2500
Set GOAL, REACH and REPEAT.
  • #524,740
  • Jun 2, 2020 1:58am Jun 2, 2020 1:58am
Short.
Patience and Discipline.
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