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Cable Update (GBPUSD)

  • #527,321
  • Jun 12, 2020 12:36am Jun 12, 2020 12:36am
Quoting Siame
{quote} ADDED 1.215513 GU tends to disregard near support structures during freefall. I expect another drop to 1.25210 as my near-term target. SELL-LIMITs in place ahead of London spike. {image}

Covered both positions at 1.25798 -57pips
  • #527,322
  • Jun 12, 2020 12:36am Jun 12, 2020 12:36am
I have placed BUY and SELL stop orders on both sides of the Consolidation ahead of the GDP m/m data release.
Attached Image
Trade What You See; Think in Probabilities;
  • #527,323
  • Jun 12, 2020 12:37am Jun 12, 2020 12:37am
i closed my bigger lot size longs.

will now wait for frankfurt open.

smaller lot size longs still open.

GDP may push the price down again.
Intraday only.
  • #527,324
  • Jun 12, 2020 12:38am Jun 12, 2020 12:38am
LONG 1.25814.
  • #527,325
  • Jun 12, 2020 12:39am Jun 12, 2020 12:39am
Quoting Fredo219
Just buy the news. Its obvious.
buy?
PATIENCE AND DISCIPLINE!
  • #527,326
  • Jun 12, 2020 12:39am Jun 12, 2020 12:39am
The trend is long, but not a good time
Damage
  • #527,327
  • Jun 12, 2020 12:42am Jun 12, 2020 12:42am
Quoting abconqq7
The trend is long, but not a good time
Hey i'd be careful about the long term long trend - and thus think that the speed and size of the correction for last day's short will give us an indication how alive the long is if it indeed is.
A trader is as good as his stop loss. Understand your mistakes.
  • #527,328
  • Jun 12, 2020 12:46am Jun 12, 2020 12:46am
One key attribute of successful traders is to always cut their losses quickly.

Stay safe, trade safe.

KP

Quoting KeenPips
A good trading decision mate. KP {quote}
Do your homework, follow the footprints of smart money
  • #527,329
  • Jun 12, 2020 12:53am Jun 12, 2020 12:53am
To the pivot 1.2645 then short
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #527,330
  • Jun 12, 2020 12:56am Jun 12, 2020 12:56am
Sale the rally
Compulsions can be hard to resist
  • #527,331
  • Jun 12, 2020 12:57am Jun 12, 2020 12:57am
Quoting Siame
LONG 1.25814.
CLOSED 1.26009 +19pips
  • #527,332
  • Jun 12, 2020 1:00am Jun 12, 2020 1:00am
Well nice bull move. Wil hold this until news.
Don't trade what you think. Just what you see!!!
  • #527,333
  • Jun 12, 2020 1:04am Jun 12, 2020 1:04am
News was worse than forecast, albeit not by much. The bulls have had their run, time for a big dumping.
  • #527,334
  • Jun 12, 2020 1:06am Jun 12, 2020 1:06am
Quoting Scotteyy
News was worse than forecast, albeit not by much. The bulls have had their run, time for a big dumping.
the market seems like it doesnt care at all.
PATIENCE AND DISCIPLINE!
  • #527,335
  • Jun 12, 2020 1:14am Jun 12, 2020 1:14am
Downside targets 2535 and 2480 for today
Selling point 2600. Above it and it could reach 2645.
COT: The precious data ignored
  • #527,336
  • Jun 12, 2020 1:14am Jun 12, 2020 1:14am
Quoting harold1
{quote} the market seems like it doesnt care at all.
They just needed to find a nice sell point, looks like the weekly pivot was it. Your tagline proves to be profitable "PATIENCE AND DISCIPLINE!"
  • #527,337
  • Jun 12, 2020 1:19am Jun 12, 2020 1:19am
Quoting Georginson
{quote} 1.2600/1.2645 will be met before another round of dumping to 1.2500/1.2300
Moty, 1.2600 is done now...
Data + Stat + Risk/Emotions Management
  • #527,338
  • Jun 12, 2020 1:21am Jun 12, 2020 1:21am
Quoting harold1
{quote} buy?
Yes
Patience.....
  • #527,339
  • Jun 12, 2020 1:23am Jun 12, 2020 1:23am
Quoting Georginson
{quote} Moty, 1.2600 is done now...
Been seeing your analysis here when everyone was expecting 1.3 you were very clear on the short. I just took that bigger short at 1.28 and closed 1.265. Today again at 1.26. Really appreciate your efforr
  • #527,340
  • Jun 12, 2020 1:28am Jun 12, 2020 1:28am
A close above Day's Open and I'd flip Bullish.

Back below previous Day's Low supports my Bearish bias.
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