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Cable Update (GBPUSD)

  • #527,461
  • Jun 12, 2020 7:51am Jun 12, 2020 7:51am
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
They know most of the traders are on the bear train. So, they are going to cause so much confusion in the market in order to discourage trades.
So, don't expect smooth-sailing pips
  • #527,462
  • Jun 12, 2020 7:57am Jun 12, 2020 7:57am
Quoting Wavegarrick
{quote} Anyway, I suspect a test of my round number 1.2600 and towards my weekly pivot at 1.25978. Could we have a bounce up from 1.2600? we will have to see. If the cycle extends I would like to see my weekly support 1 at 1.24646 ish. All the best, Cheers. {image}
Just added a sell trade at 1.25971 s/loss 50 pips.

Trade Safe,
Cheers
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Trade to trade another day
  • #527,463
  • Jun 12, 2020 7:59am Jun 12, 2020 7:59am
Quoting SFundamental
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
I prefer cleaner sentiment
Equities …….who knows at the moment.
The other thing is that Cable was off yesterday....so....
But the Barnier news not great
At least there is some risk affecting the pound
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #527,464
  • Jun 12, 2020 8:00am Jun 12, 2020 8:00am
short 1.2593
SCALP WIN
  • #527,465
  • Jun 12, 2020 8:00am Jun 12, 2020 8:00am
Quoting shahab8b
{quote} it helps when you look at indicies (s&p500, etc). they seem to follow an abc correction in an uptrend market (daily chart).
yes i agree with that.
Lately i have been experimenting with a momentum/trigger strategy on M30 and M5/M1.
I like it because it either works out real fast or i if not i dump it with minimal loss.
This gives a great RR.
in wondering about yourself, you forgot what you came here to be part of
  • #527,466
  • Jun 12, 2020 8:01am Jun 12, 2020 8:01am
Selling resume.. Here are my short-term buy points. All price levels for long positions are SANDWICH zones (fresh and untested).
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Le$$ I$ More
  • #527,467
  • Jun 12, 2020 8:02am Jun 12, 2020 8:02am
Quoting Bydyke
{quote} They know most of the traders are on the bear train. So, they are going to cause so much confusion in the market in order to discourage trades. So, don't expect smooth-sailing pips
pretty smooth in my opinion
lol
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in wondering about yourself, you forgot what you came here to be part of
  • #527,468
  • Jun 12, 2020 8:03am Jun 12, 2020 8:03am
There was a big lump of liquidity that they crushed.
Makes a change from the usual games
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #527,469
  • Jun 12, 2020 8:05am Jun 12, 2020 8:05am
Does anyone know what the gamma levels are on Cable
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #527,470
  • Jun 12, 2020 8:05am Jun 12, 2020 8:05am
Quoting Wavegarrick
{quote} Just added a sell trade at 1.25971 s/loss 50 pips. Trade Safe, Cheers {image}
Target "c" 1.2480-50?
  • #527,471
  • Jun 12, 2020 8:06am Jun 12, 2020 8:06am
Quoting ongtrumvn99
short 1.2593
I had pips.
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SCALP WIN
  • #527,472
  • Jun 12, 2020 8:07am Jun 12, 2020 8:07am
good breakout
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SCALP WIN
  • #527,473
  • Jun 12, 2020 8:08am Jun 12, 2020 8:08am
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
nice and fast
Exit +30 pips
in wondering about yourself, you forgot what you came here to be part of
  • #527,474
  • Jun 12, 2020 8:08am Jun 12, 2020 8:08am
I'm long from 1.2576..targeting 1.2670.
  • #527,475
  • Jun 12, 2020 8:11am Jun 12, 2020 8:11am
Hi S what happens at after c ?

Quoting shahab8b
{quote} tricky? very clear abc correction
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #527,476
  • Jun 12, 2020 8:12am Jun 12, 2020 8:12am
Quoting thevisitor
{quote} Target "c" 1.2480-50?
I would like to see my weekly sup 1 at 1.24646 being tested, then again it is a bit late in the week for that. We shall see.

Cheers.
Trade to trade another day
  • #527,477
  • Edited 8:29am Jun 12, 2020 8:13am | Edited 8:29am
Quoting Marco-Kanto
Short order triggered at 26455 - off DPP & 1H 50ema. Looking for daily low as TP.
Took 50% at WPP 2574. The wind is at my back, gonna see where it takes me from here. TP moved to DS2 2479, SL now at 2600, 50% retrace (ish) of move DPP/WPP.

*edit - SL at 2611
Focus.
  • #527,478
  • Jun 12, 2020 8:14am Jun 12, 2020 8:14am
Quoting shahab8b
{quote} GU {image}
Shouldn't wave C be more or less the same length of wave A?
If it is, shouldn't is end around 1.241x?
Lost....
  • #527,479
  • Jun 12, 2020 8:16am Jun 12, 2020 8:16am
25770 important level
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #527,480
  • Jun 12, 2020 8:20am Jun 12, 2020 8:20am
yes, 2570 need to break.

As i posted in the morning, above 2570 long only.

as long as this level does not break, 2710 on cards.

However today is Friday. Some time on Monday we should get to that 2710
Intraday only.
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