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Cable Update (GBPUSD)

  • #527,441
  • Jun 12, 2020 7:06am Jun 12, 2020 7:06am
just came back to see that price came within 2 pips of hitting my tp and market reverses.. fookin market
  • #527,442
  • Jun 12, 2020 7:19am Jun 12, 2020 7:19am
Quoting Aghostinplai
just came back to see that price came within 2 pips of hitting my tp and market reverses.. fookin market
Maybe you need to allow for the spread??
Don't Leave Money on the Table
  • #527,443
  • Jun 12, 2020 7:29am Jun 12, 2020 7:29am
tricky PA today i think

just my opinion but it seems Week & Day trend are conflicting now and this is why buyers and sellers are battling each other.

i saw a setup on M30 with M5 entry timing.

Selling 2608
34 pip target
in wondering about yourself, you forgot what you came here to be part of
  • #527,444
  • Jun 12, 2020 7:29am Jun 12, 2020 7:29am
One cashed out already. One open now, sl at be. Tp at 1.25 - Lets see.
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  • #527,445
  • Jun 12, 2020 7:29am Jun 12, 2020 7:29am
Quoting shahab8b
{quote} GU {image}
Hi, nice analysis, but as you know market its not perfect it could be opposite its just very good reacting ;]
  • #527,446
  • Jun 12, 2020 7:32am Jun 12, 2020 7:32am
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yes yes yes
  • #527,447
  • Jun 12, 2020 7:34am Jun 12, 2020 7:34am
Quoting knkie
tricky PA today i think just my opinion but it seems Week & Day trend are conflicting now and this is why buyers and sellers are battling each other. i saw a setup on M30 with M5 entry timing. Selling 2608 34 pip target
tricky? very clear abc correction
  • #527,448
  • Jun 12, 2020 7:37am Jun 12, 2020 7:37am
Quoting shahab8b
{quote} tricky? very clear abc correction in an uptrend market
Im short now and its working out but my bias is still bulish.
So to me that makes it tricky.
But im very glad its so clear to you
I luv it when i can see obvious waves but i just dont right now.
in wondering about yourself, you forgot what you came here to be part of
  • #527,449
  • Jun 12, 2020 7:37am Jun 12, 2020 7:37am
I think that's it for the tease rally until 1.25
Attached Image(s) (click to enlarge)
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Compulsions can be hard to resist
  • #527,450
  • Jun 12, 2020 7:38am Jun 12, 2020 7:38am
Quoting HaLBot
{quote} Maybe you need to allow for the spread??
I did factor in the spread
  • #527,451
  • Jun 12, 2020 7:40am Jun 12, 2020 7:40am
took long from 2620 to 2592.

Let us see. A push up.. come on.
Intraday only.
  • #527,452
  • Jun 12, 2020 7:40am Jun 12, 2020 7:40am
Right - Cable
bought from the London open
capped
pullback to 38.2% fib level
nice sell off
slight pull back and starting to come off again
With Barnier confirming that the UK are not seeking an extention - this is not good
Even though its price in
Additionally, its a Friday- would like to sell it
I know that there is interest at 1.2450
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #527,453
  • Jun 12, 2020 7:42am Jun 12, 2020 7:42am
Quoting Aghostinplai
{quote} I did factor in the spread
Funny how almost everytime price stops just b4 my TP, retraces a bit b4 finally taking it out....then the TP is taken out and I love sittin there watchin it happen....satisfying
Don't Leave Money on the Table
  • #527,454
  • Jun 12, 2020 7:42am Jun 12, 2020 7:42am
Quoting Student21
{quote} i think right now a bull trap might be forming until it corrects this fall. I am staying for short as in the drawing, have a pos at 1.2627
closed short and am long till 1.264, lets see
A trader is as good as his stop loss. Understand your mistakes.
  • #527,455
  • Jun 12, 2020 7:42am Jun 12, 2020 7:42am
Quoting knkie
{quote} Im short now and its working out but my bias is still bulish. So to me that makes it tricky. But im very glad its so clear to you I luv it when i can see obvious waves but i just dont right now.
it helps when you look at indicies (s&p500, etc). they seem to follow an abc correction in an uptrend market (daily chart).
  • #527,456
  • Jun 12, 2020 7:43am Jun 12, 2020 7:43am
Quoting trumps
I think that's it for the tease rally until 1.25 {image} {image}
Good idea it should be up rally until 1.28 and than above
  • #527,457
  • Jun 12, 2020 7:44am Jun 12, 2020 7:44am
waiting BREAKOUT
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SCALP WIN
  • #527,458
  • Jun 12, 2020 7:46am Jun 12, 2020 7:46am
I've missed some of the moves today.
But overall is good. Got 39 pips...and out for today.

Attached Image (click to enlarge)
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The biggest risk is not taking a risk.
  • #527,459
  • Jun 12, 2020 7:46am Jun 12, 2020 7:46am
Prepare to earn pips with the market.
SCALP WIN
  • #527,460
  • Jun 12, 2020 7:47am Jun 12, 2020 7:47am
Next week we will see an point for to buy or sell.
Together we can be strongest
Vantage Return This Month: na
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