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Cable Update (GBPUSD)

  • #526,001
  • Jun 8, 2020 5:09am Jun 8, 2020 5:09am
looking at 2620 nfp level, if broken potential down to 2555
COT: The precious data ignored
  • #526,002
  • Jun 8, 2020 5:10am Jun 8, 2020 5:10am
Quoting joesherwood
+2% by 10am knew I would come back from this. {image}
gonna call it, made no more trades since 9am. Good start to the week. Don’t wanna overtrade.

trade safe all
  • #526,003
  • Jun 8, 2020 5:12am Jun 8, 2020 5:12am
H1 has closed with a bearish engulfer but it also closed above the H1 average which is at 2670.

In effect, the bears may be bossing PA for now but caution should be the word. For me, it means clearing out once we get to the now nearby DP.

Meanwhile, M15 is posting a bullish hammer which can propel us northwards but the DP will still prevail
  • #526,004
  • Jun 8, 2020 5:14am Jun 8, 2020 5:14am
I know you are desperate.. Now all the retails are buying?
Attached Image
  • #526,005
  • Jun 8, 2020 5:19am Jun 8, 2020 5:19am
Quoting Theoak
{quote} I've looked at charts agin. I'm more bearish at the moment, but it could be one of those days where it would be more productive going for a walk. short 1.2686 target 2659 +10 pips wait for retrace and go again First short 1.2673
First retrace short 1.2673 + 10 pips (59 hit) only got one short did not retrace too much. Out now for the day.
Don't trade what you think. Just what you see!!!
  • #526,006
  • Jun 8, 2020 5:23am Jun 8, 2020 5:23am
retrace back to 2660 and then fall
Intraday only.
  • #526,007
  • Jun 8, 2020 5:30am Jun 8, 2020 5:30am
Yeah, love the bottom pickers full on bottom picking. not to forget the pivots. Does anyone know Fibonaccis mobile number?
  • #526,008
  • Jun 8, 2020 5:32am Jun 8, 2020 5:32am
Quoting WizardTrade
{quote} Move down has started. 1.26 in sight. Trade Safe.
Approaching my buying zone. Will buy again and target for 1.282xx. Retail side has nothing to do with the price movement (it is the big guys who move it). Let's see

how it rolls after reaching 1.260xx. I might be wrong. Trade Safe.

Cheers
WARNING: This post warps space and time in its vicinity.
  • #526,009
  • Jun 8, 2020 5:33am Jun 8, 2020 5:33am
PA has closed below EMA 200/M15. So, even if we go back upwards, 2600 is now on the radar.

Meanwhile, PA is presently at another decisive point: EMA 50/H1 (2646)
  • #526,010
  • Jun 8, 2020 5:33am Jun 8, 2020 5:33am
Day Low seems to be at 1.2640..i'm long from here.
  • #526,011
  • Jun 8, 2020 5:34am Jun 8, 2020 5:34am
Otw 1.2620....
  • #526,012
  • Jun 8, 2020 5:38am Jun 8, 2020 5:38am
On the way to 1.2560. Then back to the weekly short channel with an invalidation and rejection of area 1.26-1.27 heading towards 1.20. It might take 2-3 weeks but thats it.
  • #526,013
  • Jun 8, 2020 5:39am Jun 8, 2020 5:39am
Whilst everyones frantically drawing lines and adding even more indicators and changing strategy and looking at news, i'm 60 pips in profit selling
  • #526,014
  • Jun 8, 2020 5:40am Jun 8, 2020 5:40am
Support levels: 1.2635 1.2595 1.2550
Intraday only.
  • #526,015
  • Jun 8, 2020 5:43am Jun 8, 2020 5:43am
Moty should be dancing now
Patience.....
  • #526,016
  • Jun 8, 2020 5:44am Jun 8, 2020 5:44am
Buy 1.2625.
Tp 100 sl 50
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #526,017
  • Jun 8, 2020 5:45am Jun 8, 2020 5:45am
Just asking...
Attached Image
Patience and Discipline.
  • #526,018
  • Jun 8, 2020 5:47am Jun 8, 2020 5:47am
Quoting Fredo219
Check may 8th. It was NFP day too. The Monday after may 8th, cable continued falling. I may be wrong tho, trade safe .
60 pips in profit ✌.
Patience.....
  • #526,019
  • Jun 8, 2020 5:48am Jun 8, 2020 5:48am
Quoting Yngwie
Short @ 2726 SL @ 2780
Close for 95 pips
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #526,020
  • Jun 8, 2020 5:49am Jun 8, 2020 5:49am
Quoting mkvy
Whilst everyones frantically drawing lines and adding even more indicators and changing strategy and looking at news, i'm 60 pips in profit selling
Price looked bearish to me but worked all day so too tired to take any bearish position even thou I can see it.
So my question is with naked trading what was it on the chart that made you decide to put a sell on?
Don't Leave Money on the Table
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