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Cable Update (GBPUSD)

  • #528,761
  • Jun 17, 2020 10:56pm Jun 17, 2020 10:56pm
long 1.2553
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SCALP WIN
  • #528,762
  • Jun 17, 2020 10:59pm Jun 17, 2020 10:59pm
Quoting Yngwie
Manage to catch drop for 90 pips. Trend still bullish. Price still play uptrend channel. 2500 level to see. Break 2590 - 2602 cable up. Break 98.75 DXY weak. Extreme Support 2493 & Extreme Resistance 2696 {image} {image}
After 24 hrs. 2500 & 2590 still untouchable. GU 2590 now become 2565 & DXY 96.95 must break for buyer.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #528,763
  • Jun 17, 2020 11:17pm Jun 17, 2020 11:17pm
We all trade differently - me I trade opportunities - this is the way most hedge funds trade
https://www.investopedia.com/terms/g...hedge-fund.asp
Prefer macro trades- but will scalp particularly if I know that there is gamma scalping going on
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #528,764
  • Jun 17, 2020 11:35pm Jun 17, 2020 11:35pm
Quoting ongtrumvn99
long 1.2553 {image}
add 1.2543
SCALP WIN
  • #528,765
  • Jun 17, 2020 11:42pm Jun 17, 2020 11:42pm
GBPUSD is ranging now, wait until price cross either of these level 1.2503 or 1.2591

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  • #528,766
  • Jun 17, 2020 11:43pm Jun 17, 2020 11:43pm
Target for daily and H4 still @12460. I will sell high around 12590.
  • #528,767
  • Jun 18, 2020 12:03am Jun 18, 2020 12:03am
breakout in the making.
the failure of the breakouts due to the fact that the price and fast average moving are below the ema 200 band, as soon as they rise above it, the celebration will begin.
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yes yes yes
  • #528,768
  • Jun 18, 2020 12:17am Jun 18, 2020 12:17am
Quoting Moty
breakout in the making. the failure of the breakouts due to the fact that the price and fast average moving are below the ema 200 band, as soon as they rise above it, the celebration will begin. {image}
why wait ?
i switched to 5 m chart and suddenly price is above .
first trade for 24 pips
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yes yes yes
  • #528,769
  • Jun 18, 2020 12:28am Jun 18, 2020 12:28am
My view for now:
- Trend is UPWARDS as dictated by 4H and D1 TF
- Before the expected resume of uptrend i think the price would exceed yesterday low
- Better to stay sidelines till close of 9 GMT 4H candle
  • #528,770
  • Jun 18, 2020 12:29am Jun 18, 2020 12:29am
2588/90 could face some strong resistances
2611 could limit upside, else 2626

But i'll check what it does at 2588/90 if it reaches here

Good buy won't be until 2474 IMO. But BOE may screw all plans
COT: The precious data ignored
  • #528,771
  • Jun 18, 2020 12:30am Jun 18, 2020 12:30am
Quoting Moty
{quote} why wait ? i switched to 5 m chart and suddenly price is above . first trade for 24 pips {image}
Hey Moty, so far i am rather short like your idea at Post 528,762, SL 1.2562, TP1.2544 and depending how and if it goes there TP2 1.2534
A trader is as good as his stop loss. Understand your mistakes.
  • #528,772
  • Jun 18, 2020 12:44am Jun 18, 2020 12:44am
Quoting kuroro001
2588/90 could face some strong resistances 2611 could limit upside, else 2626 But i'll check what it does at 2588/90 if it reaches here Good buy won't be until 2474 IMO. But BOE may screw all plans
indeed BOE may screw up every plan. let wait and see
Le$$ I$ More
  • #528,773
  • Jun 18, 2020 12:48am Jun 18, 2020 12:48am
Quoting SFundamental
We all trade differently - me I trade opportunities - this is the way most hedge funds trade https://www.investopedia.com/terms/g...hedge-fund.asp Prefer macro trades- but will scalp particularly if I know that there is gamma scalping going on
How do you identify gamma scalping in price action?
Focus.
  • #528,774
  • Jun 18, 2020 1:01am Jun 18, 2020 1:01am
Quoting Marco-Kanto
{quote} How do you identify gamma scalping in price action?
This is where it starts

https://insights.globalprime.com/gui...hy-it-matters/
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #528,775
  • Jun 18, 2020 1:02am Jun 18, 2020 1:02am
If prices break and close (4hr tf) below the week's open price (1.25117) then eventually 1.2349 will be exposed.
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Le$$ I$ More
  • #528,776
  • Jun 18, 2020 1:02am Jun 18, 2020 1:02am
Quoting Student21
{quote} Hey Moty, so far i am rather short like your idea at Post 528,762, SL 1.2562, TP1.2544 and depending how and if it goes there TP2 1.2534
That cleaned me out. If it corrects it now, I am going in long. Aiming 1.257, tight SL...hit as typing.
A trader is as good as his stop loss. Understand your mistakes.
  • #528,777
  • Jun 18, 2020 1:07am Jun 18, 2020 1:07am
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yes yes yes
  • #528,778
  • Jun 18, 2020 1:30am Jun 18, 2020 1:30am
Quoting Student21
{quote} That cleaned me out. If it corrects it now, I am going in long. Aiming 1.257, tight SL...hit as typing.
pff will try again if the short works. tight SL it is a bit like the Wild wild west here : D
A trader is as good as his stop loss. Understand your mistakes.
  • #528,779
  • Jun 18, 2020 1:36am Jun 18, 2020 1:36am
Quoting ongtrumvn99
{quote} add 1.2543
only long and Long
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SCALP WIN
  • #528,780
  • Jun 18, 2020 1:37am Jun 18, 2020 1:37am
2510 need to hold for buyers
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
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