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Cable Update (GBPUSD)

  • #526,581
  • Jun 10, 2020 12:35am Jun 10, 2020 12:35am
I would wait to short it @ 1.2780-1.2785
stop 10 pips

If it lose
then
sell @1.2803
stop @1.2822

target at either one 1.27 half the open lots
then move the stop loss at 1.2750
target 1.26

it worth the risk for me
  • #526,582
  • Jun 10, 2020 12:35am Jun 10, 2020 12:35am
Quoting navk
{quote} no doubt price is bullish. But do you believe FED will disappoint ?
That's why i wrote last week that the day after feds issue
Will give clear direction.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #526,583
  • Jun 10, 2020 12:42am Jun 10, 2020 12:42am
10th bullish candles in a row....it needs to breathe
COT: The precious data ignored
  • #526,584
  • Jun 10, 2020 12:42am Jun 10, 2020 12:42am
Looks like I would wait to short it @ 1.2780-1.2785


would hit the stop lose easily.
eurusd & audusd both have a little more room to go up

i would stick to the
sell @1.2803
stop @1.2822
  • #526,585
  • Jun 10, 2020 12:45am Jun 10, 2020 12:45am
closed my Longed, wait for short now
Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 36 KB
  • #526,586
  • Jun 10, 2020 12:51am Jun 10, 2020 12:51am
Been going toward the downside swinging for days
waiting for the long shot.
todays news and close would determine
the next two day direction I believe

to be considered for the next two days:
I would buy/sell anywhere near today’s close
And place the stop 10-15 pips around it
Attached Image (click to enlarge)
Click to Enlarge Name: D509C82C-8285-4D05-B3C6-294C1CB58367.png Size: 1.2 MB
  • #526,587
  • Edited 1:09am Jun 10, 2020 12:53am | Edited 1:09am
Hi folks - Nice Bull move here. Going to wait for retrace then join the party

Trying to add a chart whilst doing the trade out of this trade now for + 10 pips
Attached Image (click to enlarge)
Click to Enlarge Name: party.png Size: 38 KB
Don't trade what you think. Just what you see!!!
  • #526,588
  • Jun 10, 2020 12:53am Jun 10, 2020 12:53am
S @1.2770
Target 1.2533
SL 1.2780
  • #526,589
  • Jun 10, 2020 12:58am Jun 10, 2020 12:58am
Sold
  • #526,590
  • Jun 10, 2020 12:58am Jun 10, 2020 12:58am
Quoting Theoak
Hi folks - Nice Bull move here. Going to wait for retrace then join the party
I'm always skeptical to see a bull run before market opening
Reaching daily R1 before we even start...time will tell
COT: The precious data ignored
  • #526,591
  • Jun 10, 2020 1:00am Jun 10, 2020 1:00am
Quoting smtchris71
S @1.2770 Target 1.2533 SL 1.2780
your SL is right before the resistance

good luck
  • #526,592
  • Jun 10, 2020 1:01am Jun 10, 2020 1:01am
Wish I wrong
Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 40 KB
  • #526,593
  • Jun 10, 2020 1:06am Jun 10, 2020 1:06am
Quoting kuroro001
{quote} I'm always skeptical to see a bull run before market opening Reaching daily R1 before we even start...time will tell
Closed this trade down took me longer to do this drawing than the trade
Attached Image (click to enlarge)
Click to Enlarge Name: party.png Size: 38 KB
Don't trade what you think. Just what you see!!!
  • #526,594
  • Jun 10, 2020 1:06am Jun 10, 2020 1:06am
Quoting Almo2312
1.3 just matter of time..
People are just going short blindly. Lol... it may work for them. Yesterday many called for shorts as confirmed, but some of us kept mentioning the bull. I said yesterday that 2755 must be spiked out before any drop. It indeed has been spiked out and those SL taken. Now what stops London from hitting 78.6% fib retracement of the last down move on the daily, which sits at 2820?
  • #526,595
  • Jun 10, 2020 1:08am Jun 10, 2020 1:08am
Quoting kuroro001
10th bullish candles in a row....it needs to breathe
It needed to catch this 1.2770 area before bearish move can now be fully sustained... The bearish breathe is imminent from here 1.2778/1.2800 level then down to 1.2300 minimum.
Data + Stat + Risk/Emotions Management
  • #526,596
  • Jun 10, 2020 1:08am Jun 10, 2020 1:08am
Quoting SCopier
Wish I wrong {image}
no, you are right.
Intraday only.
  • #526,597
  • Jun 10, 2020 1:08am Jun 10, 2020 1:08am
Quoting kuroro001
10th bullish candles in a row....it needs to breathe
The market doesn't have to do anything. I get your point, though. A lot of people thought EU had to breathe and it marched them all the way to 138x from 1.07 area without breathing.
  • #526,598
  • Jun 10, 2020 1:10am Jun 10, 2020 1:10am
Quoting Mitiblotch
{quote} People are just going short blindly. Lol... it may work for them. Yesterday many called for shorts as confirmed, but some of us kept mentioning the bull. I said yesterday that 2755 must be spiked out before any drop. It indeed has been spiked out and those SL taken. Now what stops London from hitting 78.6% fib retracement of the last down move on the daily, which sits at 2820?
Yeah buddy,just stick to the plan.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #526,599
  • Jun 10, 2020 1:10am Jun 10, 2020 1:10am
Quoting Georginson
{quote} It needed to catch this 1.2770 area before bearish move can now be fully sustained... The bearish breathe is imminent from here 1.2778/1.2800 level then down to 1.2300 minimum.
I hope it comes good for you, but it is not a given. Anything can happen today. During the downmove to 1.14 area, Price fell over 700 pips in a single day. Just a few weeks ago.
  • #526,600
  • Jun 10, 2020 1:11am Jun 10, 2020 1:11am
Quoting Georginson
{quote} It needed to catch this 1.2770 area before bearish move can now be fully sustained... The bearish breathe is imminent from here 1.2778/1.2800 level then down to 1.2300 minimum.
I'm losing patience, but waiting

i'll start loading once we go down, because right now its just trying to pick a top
COT: The precious data ignored
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