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Cable Update (GBPUSD)

  • #528,201
  • Jun 16, 2020 1:03am Jun 16, 2020 1:03am
many here misguided about shorting or they do not know the bullish structure.

Lots of new guys would have burnt, I am sure.

People fail to see the trend.

This is what I see in 30 min chart.

The drop from 2810 to 2450 is just a pull back, Daily was always bullish.

When it found solid support at 2450 and hourly turned bullish, there is no stopping.
Intraday only.
  • #528,202
  • Jun 16, 2020 1:04am Jun 16, 2020 1:04am
Quoting epzero
{quote} pls advice me should i edge my sell or wait a little longer
you should not short at all.

Unless you want to make few pips in pull back.

The daily and 4hr trend is bullish
Intraday only.
  • #528,203
  • Jun 16, 2020 1:05am Jun 16, 2020 1:05am
Quoting navk
many here misguided about shorting or they do not know the bullish structure. Lots of new guys would have burnt, I am sure. People fail to see the trend. This is what I see in 30 min chart. The drop from 2810 to 2450 is just a pull back, Daily was always bullish. When it found solid support at 2450 and hourly turned bullish, there is no stopping.
Hey navk, thank you for the advice! I might play it a bit tighter but keep the position.
A trader is as good as his stop loss. Understand your mistakes.
  • #528,204
  • Jun 16, 2020 1:05am Jun 16, 2020 1:05am
All my bullish expectations met.

Price below 1.26400 and I'd join the Bearish train.
  • #528,205
  • Jun 16, 2020 1:08am Jun 16, 2020 1:08am
Quoting kuroro001
First short to test the water 2672 Will add 2691
Taking away +10 as i have to do some errands

Hopefully we see 2691 or 2729 so i can short what i want
COT: The precious data ignored
  • #528,206
  • Jun 16, 2020 1:25am Jun 16, 2020 1:25am
Attached Image (click to enlarge)
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yes yes yes
  • #528,207
  • Edited 2:23am Jun 16, 2020 1:38am | Edited 2:23am
Short in at 1.2655 - target yesterdays highs ish 1.2610
Don't trade what you think. Just what you see!!!
  • #528,208
  • Jun 16, 2020 1:43am Jun 16, 2020 1:43am
Attached Image (click to enlarge)
Click to Enlarge Name: 0D7AB0FE-C689-4D74-93EA-8DE63C90954C.png Size: 372 KB
day chart
  • #528,209
  • Jun 16, 2020 1:44am Jun 16, 2020 1:44am
Wow , almost at target of the h&s
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CamScanner 06-16-2020 09.44.02_1.jpg Size: 115 KB
Click to Enlarge Name: CamScanner 06-16-2020 09.39.51_1.jpg Size: 113 KB
Click to Enlarge Name: CamScanner 06-16-2020 09.42.06_1.jpg Size: 101 KB
yes yes yes
  • #528,210
  • Jun 16, 2020 1:45am Jun 16, 2020 1:45am
08:36 (KR) reports of a 'exploding' sound heard near the Korean border area - financial press - Source TradeTheNews.com

Not a bad time to take some coins of the table across all risky assets classes anyway..
Life is great!!
  • #528,211
  • Jun 16, 2020 1:49am Jun 16, 2020 1:49am
M5
SellStop @ 1.26386

s. chart

atb vvm
Attached Image (click to enlarge)
Click to Enlarge Name: 16.06-M5-1.png Size: 42 KB
PA Trading with EMAs & common Sense
  • #528,212
  • Jun 16, 2020 1:56am Jun 16, 2020 1:56am
M5
removed my SellStop
PA Trading with EMAs & common Sense
  • #528,213
  • Jun 16, 2020 2:07am Jun 16, 2020 2:07am
Quoting navk
many here misguided about shorting or they do not know the bullish structure. Lots of new guys would have burnt, I am sure. People fail to see the trend. This is what I see in 30 min chart. The drop from 2810 to 2450 is just a pull back, Daily was always bullish. When it found solid support at 2450 and hourly turned bullish, there is no stopping.
It is not a pull back in my humble view, it is still targeting 1.2310.
Data + Stat + Risk/Emotions Management
  • #528,214
  • Jun 16, 2020 2:10am Jun 16, 2020 2:10am
I'm long from 1.2654..targeting 1.2708.
  • #528,215
  • Jun 16, 2020 2:10am Jun 16, 2020 2:10am
M15
Buy @ 1.26566

atb vvm
Attached Image (click to enlarge)
Click to Enlarge Name: 16.06-M15-1.png Size: 26 KB
PA Trading with EMAs & common Sense
  • #528,216
  • Jun 16, 2020 2:11am Jun 16, 2020 2:11am
Quoting Yngwie
Sell 2665 SL 2710
closed for 25 pips
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #528,217
  • Jun 16, 2020 2:17am Jun 16, 2020 2:17am
Quoting Georginson
{quote} It is not a pull back in my humble view, it is still targeting 1.2310.
i thank God i sold and made some profit and it's still falling
  • #528,218
  • Jun 16, 2020 2:18am Jun 16, 2020 2:18am
sell 1.26650 targeting 1.2450 sl 1.2690
  • #528,219
  • Jun 16, 2020 2:19am Jun 16, 2020 2:19am
This is can still be a bullish retrace for the the drop from 1.28000.
For start price need to break last h4 support at 1.26200
Imo dx will close the at 96.595 , and then we'll see
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 06-16-2020 10.20.58_1.jpg Size: 103 KB
yes yes yes
  • #528,220
  • Jun 16, 2020 2:23am Jun 16, 2020 2:23am
Quoting Siame
All my bullish expectations met. Price below 1.26400 and I'd join the Bearish train.
SHORT 1.26302
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