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Cable Update (GBPUSD)

  • #525,721
  • Jun 5, 2020 8:12am Jun 5, 2020 8:12am
Quoting navk
moty, this shorting thing is not going to work. for me too. this day is bullish close, this week is bullish close too.
What's the opposite saying to 'Trying to catch a falling knife' ????
Don't Leave Money on the Table
  • #525,722
  • Jun 5, 2020 8:13am Jun 5, 2020 8:13am
Quoting HaLBot
{quote} What's the opposite saying to 'Trying to catch a falling knife' ????
dunno.

I can say it piercing the moon ?

Intraday only.
  • #525,723
  • Jun 5, 2020 8:13am Jun 5, 2020 8:13am
Quoting navk
moty, this shorting thing is not going to work. for me too. this day is bullish close, this week is bullish close too.

It has been a crazy week for the dollars, bear bear bear.
+ equities and oil rise, the perfect combo
COT: The precious data ignored
  • #525,724
  • Jun 5, 2020 8:14am Jun 5, 2020 8:14am
Quoting kuroro001
{quote} It has been a crazy week for the dollars, bear bear bear. + equities and oil rise, the perfect combo
yeah.

$ got plummeted.
Intraday only.
  • #525,725
  • Jun 5, 2020 8:14am Jun 5, 2020 8:14am
Quoting HaLBot
{quote} What's the opposite saying to 'Trying to catch a falling knife' ????
Its friday, all week long, London fix long, there is no better time to short GU as today. Not so long ago people were thinking it was crazy buying GU at 2100 after a friday dump. I know people have short memories, but can't they remember even a few days or weeks of trading history?

Today there are short opportunities so easy to profit from like its a gift.
Everyone can see the chart, but only a few can actually read it.
  • #525,726
  • Jun 5, 2020 8:16am Jun 5, 2020 8:16am
Quoting Moty
Go Down already ,,,,, {image} {image}
yeah.

I want the price to go down below 2675.

will book my profit.
Intraday only.
  • #525,727
  • Jun 5, 2020 8:17am Jun 5, 2020 8:17am
Quoting OnlineAddict
{quote} Its friday, all week long, London fix long, there is no better time to short GU as today. Not so long ago people were thinking it was crazy buying GU at 2100 after a friday dump. I know people have short memories, but can't they remember even a few days or weeks of trading history? Today there are short opportunities so easy to profit from like taking money from a bank.
true.

They on Fridays, threaten you and us.
Intraday only.
  • #525,728
  • Jun 5, 2020 8:17am Jun 5, 2020 8:17am
I hope it keeps going up all day today, the more bullish the close will look, the more bearish next week will be. And easy money.
Everyone can see the chart, but only a few can actually read it.
  • #525,729
  • Jun 5, 2020 8:17am Jun 5, 2020 8:17am
Quoting kuroro001
{quote} It has been a crazy week for the dollars, bear bear bear. + equities and oil rise, the perfect combo
Yep 'Risk On' week and bulls are loving it

In a bull market I trade very well, as soon as it's a bear market....terrible. Better of not trading until market turns around.
Going on that idea then the opposites true for bears...
Guess the trick is to have no bias
Don't Leave Money on the Table
  • #525,730
  • Jun 5, 2020 8:17am Jun 5, 2020 8:17am
Quoting OnlineAddict
{quote} ...there is no better time to short GU as today...
Maybe.
Learn from your mistakes and march on.
  • #525,731
  • Jun 5, 2020 8:18am Jun 5, 2020 8:18am
better than expected nfp numbers did not help.
Intraday only.
  • #525,732
  • Jun 5, 2020 8:19am Jun 5, 2020 8:19am
Quoting navk
crazy move. Was short at 2660. Now floating. However I added some shorts at top with stop 2733.
truly crazy
Discipline is key
  • #525,733
  • Jun 5, 2020 8:20am Jun 5, 2020 8:20am
Target for current shorts are NFP lows (2638)

I'll wait here
COT: The precious data ignored
  • #525,734
  • Jun 5, 2020 8:20am Jun 5, 2020 8:20am
Quoting navk
better than expected nfp numbers did not help.
Just a little delay to make people confident with longs...and then next week the same people will cry why pound is dropping so much. Same story every week, it would be funny if it wasn't sad.
Everyone can see the chart, but only a few can actually read it.
  • #525,735
  • Jun 5, 2020 8:21am Jun 5, 2020 8:21am
Got to go everyone.....almost 1.30 am here in Australia

Trade well and cyas next week
Don't Leave Money on the Table
  • #525,736
  • Jun 5, 2020 8:22am Jun 5, 2020 8:22am
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 06-05-2020 18.20.28_1.jpg Size: 102 KB
yes yes yes
  • #525,737
  • Jun 5, 2020 8:26am Jun 5, 2020 8:26am
Just when you thought it's dead......
Lost....
  • #525,738
  • Jun 5, 2020 8:28am Jun 5, 2020 8:28am
bought at 27044 - now risk free
Attached Image (click to enlarge)
Click to Enlarge Name: Annotation 2020-06-05 162802.png Size: 36 KB
  • #525,739
  • Jun 5, 2020 8:28am Jun 5, 2020 8:28am
i don't get the shorts , why short??
  • #525,740
  • Jun 5, 2020 8:29am Jun 5, 2020 8:29am
Buyers better watch out for the 1.27476 - 1.27292 range! Proceed with caution if you intend to buy!
Learn from your mistakes and march on.
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