Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#524,741
Jun 2, 2020 1:58am Jun 2, 2020 1:58am

KeenPips
Joined Dec 2015 | Status: Trader | 8,751 Posts

PA is presently over extended from the mean. I expect a pullback.

I may be wrong.

KP

Do your homework, follow the footprints of smart money

#524,742
Jun 2, 2020 2:00am Jun 2, 2020 2:00am

trumps
Joined Mar 2020 | Status: Trader | 3,499 Posts

Quoting navk

Disliked

{quote} there is only one side, that is long, that is what I see. If you look at 1 minute chart, then may be short there

Ignored

You asked why so many traders are shorting against the trend, yet weekly trend is down.

Compulsions can be hard to resist

#524,743
Jun 2, 2020 2:01am Jun 2, 2020 2:01am

navk
Joined Oct 2010 | Status: Trader | 21,478 Posts

Quoting trumps

Disliked

{quote} You asked why so many traders are shorting against the trend, yet weekly trend is down.

Ignored

but most of traders seem to have lost money or in big floatng by shorting.

Intraday only.

#524,744
Jun 2, 2020 2:04am Jun 2, 2020 2:04am

KeenPips
Joined Dec 2015 | Status: Trader | 8,751 Posts

I agree with your sentiment mate. The R:R must be profitable enough before considering entering the market. For any entry either way, we should wait for a corrective move first.

KP

Quoting Stefan90csk

Disliked

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.....

Ignored

Do your homework, follow the footprints of smart money

#524,745
Jun 2, 2020 2:06am Jun 2, 2020 2:06am

Yngwie
Joined Aug 2008 | Status: Trader | 3,976 Posts

Cable want to go up more

Live trade ~ GBPUSD only. No chart! Follow at your own risk!

#524,746
Jun 2, 2020 2:08am Jun 2, 2020 2:08am

elbert3
Joined Dec 2013 | Status: Trader | 19,815 Posts

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#524,747
Jun 2, 2020 2:08am Jun 2, 2020 2:08am

joesherwood
Joined Oct 2019 | Status: Trader | 1,245 Posts

4%. nothing i cant come back from, with the pair just going up and up im taking the rest of the week off, see what happens withese protests and nfp have a good rest, never done this say fuck it and comeback in a week,
but struggling to trade this

if price hits 1.25 today I would be raining in pips haha

#524,748
Jun 2, 2020 2:08am Jun 2, 2020 2:08am

KeenPips
Joined Dec 2015 | Status: Trader | 8,751 Posts

Otherwise, it will tantamount to chasing the market.

Stay safe, trade safe.

KP

Quoting KeenPips

Disliked

....For any entry either way, we should wait for a corrective move first...{quote}

Ignored

Do your homework, follow the footprints of smart money

#524,749
Jun 2, 2020 2:10am Jun 2, 2020 2:10am

trumps
Joined Mar 2020 | Status: Trader | 3,499 Posts

Quoting navk

Disliked

{quote} but most of traders seem to have lost money or in big floatng by shorting.

Ignored

By shorting too early.
I was simply challenging perspectives on what constitutes a trend.

Compulsions can be hard to resist

#524,750
Jun 2, 2020 2:14am Jun 2, 2020 2:14am

elbert3
Joined Dec 2013 | Status: Trader | 19,815 Posts

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All pp out now short hedge stop and long orders on 2540

#524,751
Jun 2, 2020 2:16am Jun 2, 2020 2:16am

KeenPips
Joined Dec 2015 | Status: Trader | 8,751 Posts

If you are considering going long on GU, except for a quick scalping trade, mind the 1.26000 horizontal resistance zone, about 80 pips away. Always remember, nothing is guaranteed in Forex trading.

KP

Do your homework, follow the footprints of smart money