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Cable Update (GBPUSD)

  • #528,921
  • Jun 18, 2020 5:49am Jun 18, 2020 5:49am
That daily/weekly ascending t/line just below Monday's lo at 2440/45 on today's daily candle.....obviously it is ascending so tomorrow will be different. @ 76% of the 30 day adr so far today. Looking for 0-9-0, 0-0-9, 0.1% or less and £795bn or more for any real fireworks re Boe Mpc in 10 mins.
Trader with an Edge.
  • #528,922
  • Jun 18, 2020 5:50am Jun 18, 2020 5:50am
Quoting OnlineAddict
{quote} What would I see? Do that EMA thing for a 10 year period and tell me how many times it has worked out for a good entry and exit. And 1 minute chart? You can't be serious.
Now that depends on how you use it.

All that indicators are for retail statement is just crap.

1 Green Candlestick on the daily tells you that you should be Bullish, so how do you enter a position? Buy anywhere? Hoping your stoploss doesn't get it?

Or stoploss too is for retails. You are serious.
  • #528,923
  • Jun 18, 2020 5:51am Jun 18, 2020 5:51am
everyone is buying. suddenly news totally different from what we expected. it will be a great twist
row row row your boat
  • #528,924
  • Jun 18, 2020 5:52am Jun 18, 2020 5:52am
short in at 1.2496 target 1.2476
Don't trade what you think. Just what you see!!!
  • #528,925
  • Jun 18, 2020 5:59am Jun 18, 2020 5:59am
Quoting Theoak
short in at 1.2496 target 1.2476
OUT. BE

I think it will break up now. Going on bike ride
Don't trade what you think. Just what you see!!!
  • #528,926
  • Jun 18, 2020 6:02am Jun 18, 2020 6:02am
TP!

Life is great!!
  • #528,927
  • Jun 18, 2020 6:03am Jun 18, 2020 6:03am
Quoting ongtrumvn99
short and target 1.2382 , target 2 : 1.2297 {image}
How's that short working out for you?
Don't trade what you think. Just what you see!!!
  • #528,928
  • Jun 18, 2020 6:03am Jun 18, 2020 6:03am
woow, i got part of that guy up, shorted it now as well (maybe too early) but hey.
A trader is as good as his stop loss. Understand your mistakes.
  • #528,929
  • Jun 18, 2020 6:03am Jun 18, 2020 6:03am
Quoting trumps
{quote} I don't think that's happening. A good break of 2550, and I think it's a retest area for more down {image}
2550 retest should just about do it for this rally I think.
Compulsions can be hard to resist
  • #528,930
  • Jun 18, 2020 6:04am Jun 18, 2020 6:04am
Ahhhhhhhhhh.....BOE has been kind to me today...
Don't Leave Money on the Table
  • #528,931
  • Jun 18, 2020 6:05am Jun 18, 2020 6:05am
8-0-1 for the vote on asset purchases...they want increase
  • #528,932
  • Jun 18, 2020 6:05am Jun 18, 2020 6:05am
Let's try a short now
  • #528,933
  • Jun 18, 2020 6:06am Jun 18, 2020 6:06am
Quoting Vincent1
8-0-1 for the vote on asset purchases...they want increase
Pretty much aint got no choice with the amount of debt western countries have these days....just keep the printing presses workin overtime
Don't Leave Money on the Table
  • #528,934
  • Jun 18, 2020 6:06am Jun 18, 2020 6:06am
Don't really understand the rally. Assume it will be short term. Rates didnt change and QE was more than expected which depreciates a currency...
  • #528,935
  • Jun 18, 2020 6:07am Jun 18, 2020 6:07am
That's the thing I like about the news... you can get 50 pips in 2 minutes
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #528,936
  • Jun 18, 2020 6:07am Jun 18, 2020 6:07am
Quoting Theoak
{quote} How's that short working out for you?
hes a pip hunter. lol
PATIENCE AND DISCIPLINE!
  • #528,937
  • Jun 18, 2020 6:07am Jun 18, 2020 6:07am
Short
Not losing money is almost good as making money
  • #528,938
  • Jun 18, 2020 6:08am Jun 18, 2020 6:08am
Quoting guestfromeast
This how i see the play: - RATE CUT is anticipated and almost priced in..if true, reaction wont be that big down. - if rate kept unchanged a reaction UP could be VERY BIG!. - Market Makers already pulled the price down enough for a good buy! lets see the real stuff then!
very well analysied! thats exactly what happened. But I am anticipating another pull back before US session and some profit booking. would be a good chance to bank for those who missed the opportunity
  • #528,939
  • Jun 18, 2020 6:08am Jun 18, 2020 6:08am
Quoting Scotteyy
Don't really understand the rally. Assume it will be short term. Rates didnt change and QE was more than expected which depreciates a currency...
Yes but it will boost the economy or so traders think so, also UK coming out of lockdown which will also boost economy.....need to think like the professionals do, there's always a reason why price is moving in certain direction
Don't Leave Money on the Table
  • #528,940
  • Jun 18, 2020 6:09am Jun 18, 2020 6:09am
Quoting Scotteyy
Don't really understand the rally. Assume it will be short term. Rates didnt change and QE was more than expected which depreciates a currency...
The increase was forecast beforehand.
All 9 were expected to vote for the increase, but only 8 did.
Compulsions can be hard to resist
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