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Cable Update (GBPUSD)

  • #528,261
  • Jun 16, 2020 4:08am Jun 16, 2020 4:08am
strong - ish bullish 1hr and 2hr closes...2hr shown below;
Attached Image
Trader with an Edge.
  • #528,262
  • Jun 16, 2020 4:13am Jun 16, 2020 4:13am
Quoting kuroro001
2600/2611 holding well so far I want to see if 2691 can be reached or even 2730 before shorting again But i'm wondering if 2600/2611 was needed to break higher I would have prefered 2691/2730 before 2600/11 to short big time
and if it turn down now from 26443
when will you sell ?
  • #528,263
  • Jun 16, 2020 4:13am Jun 16, 2020 4:13am
h4
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SCALP WIN
  • #528,264
  • Jun 16, 2020 4:21am Jun 16, 2020 4:21am
Quoting Doom911
{quote} and if it turn down now from 26443 when will you sell ?
Just went flat at 2647. PA is weak

If it turns down here, i won't touch it as we are above 2600/11 and it didn't touch any resistances, it doesn't fit my rules (i'll move to other pairs)

To be short i'd need to see 2691 now, or 2730 if 2691 is broken
COT: The precious data ignored
  • #528,265
  • Jun 16, 2020 4:24am Jun 16, 2020 4:24am
Quoting kuroro001
{quote} Just went flat at 2647. PA is weak If it turns down here, i won't touch it as we are above 2600/11 and it didn't touch any resistances, it doesn't fit my rules (i'll move to other pairs) To be short i'd need to see 2691 now, or 2730 if 2691 is broken
hmm i see
thanks
  • #528,266
  • Jun 16, 2020 4:25am Jun 16, 2020 4:25am
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PA Trading with EMAs & common Sense
  • #528,267
  • Jun 16, 2020 4:27am Jun 16, 2020 4:27am
Quoting Theoak
I should stop picking the bottoms , but I think it is time to join the Bull Party in at 1.2634 Out + 3 pips
Picking bottoms can often result in holding turds.
Focus.
  • #528,268
  • Jun 16, 2020 4:31am Jun 16, 2020 4:31am
M15
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PA Trading with EMAs & common Sense
  • #528,269
  • Jun 16, 2020 4:31am Jun 16, 2020 4:31am
I was expecting a good old inverted HS but it seems price just wants to rebel. My initial short from 2662 reached 2612 and I didn't book profit. I ended up getting out with just 12 pips profit. Let's see how the play continues.
  • #528,270
  • Jun 16, 2020 4:32am Jun 16, 2020 4:32am
Quoting kuroro001
{quote} Just went flat at 2647. PA is weak If it turns down here, i won't touch it as we are above 2600/11 and it didn't touch any resistances, it doesn't fit my rules (i'll move to other pairs) To be short i'd need to see 2691 now, or 2730 if 2691 is broken
For me, it broke 1.2655 w/o any breaks.....therefore, a good chance to hit 1.27+
My TPs....1.2730 - 1.2751, then DOWN to at least 1.24
Lost....
  • #528,271
  • Jun 16, 2020 4:34am Jun 16, 2020 4:34am
Sell 2647 SL 2660
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #528,272
  • Jun 16, 2020 4:35am Jun 16, 2020 4:35am
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yes yes yes
  • #528,273
  • Jun 16, 2020 4:38am Jun 16, 2020 4:38am
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Does anyone know why do we have this wick in 1H chart?
(Just a test really, but I wonder if anyone else noticed it...)
WT
  • #528,274
  • Jun 16, 2020 4:39am Jun 16, 2020 4:39am
Quoting Bartosz77
{image} Does anyone know why do we have this wick in 1H chart? (Just a test really, but I wonder if anyone else noticed it...)
Please tell us "why".
  • #528,275
  • Jun 16, 2020 4:42am Jun 16, 2020 4:42am
Quoting Bartosz77
{image} Does anyone know why do we have this wick in 1H chart? (Just a test really, but I wonder if anyone else noticed it...)
bull say 'GoodBye' there
...
just joking mate..
just for a cup of coffee...
  • #528,276
  • Jun 16, 2020 4:43am Jun 16, 2020 4:43am
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PA Trading with EMAs & common Sense
  • #528,277
  • Jun 16, 2020 4:43am Jun 16, 2020 4:43am
Any remaining retail short positions will likely have stops above today's current hi whereas any institutional short positions will be above last week's 2813 hi.... the move up to today's hi from yesterday's low took out all the other retail stops that were likely at that 2652 pullback hi or the tight ones at that 2548 pullback hi before monday's lo was reached..... So, as price moved down from today's current hi some tight retail long position stops were taken but likely there are more lower down as discussed in a previous post....whereas any long position institutional stops are likely under monday's lo. It's all a game really - but once you know how it's played and where these stops are most likely to be then it gets a lot easier not least in terms of hi-probability places to buy or sell..
Trader with an Edge.
  • #528,278
  • Jun 16, 2020 4:47am Jun 16, 2020 4:47am
Long in at 1.2646 target 1.2696
Don't trade what you think. Just what you see!!!
  • #528,279
  • Jun 16, 2020 4:48am Jun 16, 2020 4:48am
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PA Trading with EMAs & common Sense
  • #528,280
  • Jun 16, 2020 4:49am Jun 16, 2020 4:49am
Quoting Bartosz77
{image} Does anyone know why do we have this wick in 1H chart? (Just a test really, but I wonder if anyone else noticed it...)
Draw a 5 min trendline it went up kissed it and then rejected
Don't trade what you think. Just what you see!!!
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luisinho