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Cable Update (GBPUSD)

  • #527,501
  • Jun 12, 2020 8:52am Jun 12, 2020 8:52am
Quoting adc
{quote} OK grabbed a few pips down from daily to weekly pivot where we are now. My view is that it may retrace to 1.26 before moving down again hence closing position for the moment. Rgds, Angus
OK now for the crux if it's going to move south and break weekly pivot at usual position management time 15:30-16:00 BST. Rgds, Angus
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  • #527,502
  • Jun 12, 2020 8:55am Jun 12, 2020 8:55am
Day's like yesterday - you can put your orders in - and that is it
Day's like today - its all about scalping bits
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #527,503
  • Jun 12, 2020 9:02am Jun 12, 2020 9:02am
cool thanks ,yea its going to that up tl then we can see what next

Quoting shahab8b
{quote} I’d wait and look at the bigger picture after that. Most likely, it will resume the uptrend after that. But the other scenario is becoming a 12345 impulse move. I think the reaction to the TL that you also have on your chart would clear the bigger picture {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #527,504
  • Jun 12, 2020 9:05am Jun 12, 2020 9:05am
Some longs might get busted
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #527,505
  • Jun 12, 2020 9:11am Jun 12, 2020 9:11am
Quoting SFundamental
Some longs might get busted
defended it
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #527,506
  • Jun 12, 2020 9:16am Jun 12, 2020 9:16am
Quoting SFundamental
Some longs might get busted
True, but am testing this area again for a long, till 1.264...maybe it is time just to get busted again but gotta try
A trader is as good as his stop loss. Understand your mistakes.
  • #527,507
  • Edited 9:31am Jun 12, 2020 9:17am | Edited 9:31am
Quoting Student21
{quote} True, but am testing this area again for a long, till 1.264...maybe it is time just to get busted again but gotta try
yes, I got stopped out as i kept too close SL.

Now long again but stop 2570

it is probing a lot in this area. buyer or seller will give up ? Time will tell.
Intraday only.
  • #527,508
  • Jun 12, 2020 9:18am Jun 12, 2020 9:18am
Quoting Student21
{quote} True, but am testing this area again for a long, till 1.264...maybe it is time just to get busted again but gotta try
They shorted the thrust down a bit - so I should have seen that really
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #527,509
  • Jun 12, 2020 9:18am Jun 12, 2020 9:18am
Selling for 40 pips.
Second trade this month.
Patience.....
  • #527,510
  • Jun 12, 2020 9:25am Jun 12, 2020 9:25am
D1
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SCALP WIN
  • #527,511
  • Jun 12, 2020 9:26am Jun 12, 2020 9:26am
h1
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50 ridiculous pips
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yes yes yes
  • #527,512
  • Jun 12, 2020 9:27am Jun 12, 2020 9:27am
I think the bears are overloading the plane.
Will be shorting this in (and out), but the final destination is 1.2480
Don't trade what you think. Just what you see!!!
  • #527,513
  • Jun 12, 2020 9:27am Jun 12, 2020 9:27am
Quoting adc
{quote} OK now for the crux if it's going to move south and break weekly pivot at usual position management time 15:30-16:00 BST. Rgds, Angus {image}
Zoom in update on same chart. Decision point. Rgds, Angus
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  • #527,514
  • Jun 12, 2020 9:29am Jun 12, 2020 9:29am
This week is a great week. Preservation profit for health.
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SCALP WIN
  • #527,515
  • Jun 12, 2020 9:29am Jun 12, 2020 9:29am
Quoting Student21
{quote} True, but am testing this area again for a long, till 1.264...maybe it is time just to get busted again but gotta try
bit of risk appearing
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #527,516
  • Jun 12, 2020 9:30am Jun 12, 2020 9:30am
Quoting ChiForex
Long executed @1.2550 Tp 1.2625-40s, another long will be added around 1.2525 if price reaches..
Targets met
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #527,517
  • Jun 12, 2020 9:31am Jun 12, 2020 9:31am
Quoting SFundamental
25770 important level
told you 25770 would be important
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #527,518
  • Jun 12, 2020 9:34am Jun 12, 2020 9:34am
Quoting navk
{quote} yes, I got stopped out as i kept too close SL. Now long again but stop 2570 it is probing a lot in this area. buyer or seller will give up ? Time will tell.
now it got us :/
A trader is as good as his stop loss. Understand your mistakes.
  • #527,519
  • Jun 12, 2020 9:35am Jun 12, 2020 9:35am
Quoting SFundamental
{quote} bit of risk appearing
risk appears- and Cable sells off
hope you didn't go long Student21
Did warn
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #527,520
  • Jun 12, 2020 9:37am Jun 12, 2020 9:37am
Quoting adc
{quote} Zoom in update on same chart. Decision point. Rgds, Angus {image}
Short 1.2566. Rgds, Angus
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