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Cable Update (GBPUSD)

  • #529,841
  • Jun 22, 2020 3:49am Jun 22, 2020 3:49am
Next Target is Friday's High.

A retracement before we hit it would be a good BUY for me.

Flat now
  • #529,842
  • Jun 22, 2020 3:58am Jun 22, 2020 3:58am
Quoting smikester
{quote} If we didn't post about what is happening today there would only be 1 post a day on this thread.
Yeah, and you would all be making money if that was the case
  • #529,843
  • Jun 22, 2020 4:01am Jun 22, 2020 4:01am
LONG 1.24221
  • #529,844
  • Jun 22, 2020 4:03am Jun 22, 2020 4:03am
Quoting mkvy
{quote} Yeah, and you would all be making money if that was the case
You know we should leave the punchups to the weekend....
Hagler V Hearns one of the greatest 1st rounds in middle weight history, nothing compared to the stouch at 'Cable Update' this weekend LOL

Inserted Video
Don't Leave Money on the Table
  • #529,845
  • Jun 22, 2020 4:08am Jun 22, 2020 4:08am
Quoting smikester
Impressive rally and broke Friday's high. Now looking for an hourly close above the line.
When did it break Friday's high? Maybe you need to check the chart again.
  • #529,846
  • Jun 22, 2020 4:09am Jun 22, 2020 4:09am
.....bullish 2hr and 4hr closes on my chart....last pullback on the move down from 2813 saw a H above the last LH (on 4hr) and that pullback was 234 pips to that hi (2686) before the move lower to the current 1hr/4hr downtrend lo of 2334. If this pattern repeats we might expect to see 2568 maybe. I can never remember which corrective wave is stronger re EW is it B-C or D-E ? Food for thought.
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Trader with an Edge.
  • #529,847
  • Jun 22, 2020 4:13am Jun 22, 2020 4:13am
Kind of amazed that Ichimoku works:

Attached Image (click to enlarge)
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Bounce off Kumo support, ongoing bullish Kumo,
Gone to a better place
  • #529,848
  • Jun 22, 2020 4:15am Jun 22, 2020 4:15am
Quoting Mitiblotch
{quote} When did it break Friday's high? Maybe you need to check the chart again.
Sorry, I was looking at Friday's open as you probably guessed.
Gone to a better place
  • #529,849
  • Jun 22, 2020 4:15am Jun 22, 2020 4:15am
H4 structure is bearish. Looking for a sell opportunity on lower time frames.
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  • #529,850
  • Jun 22, 2020 4:17am Jun 22, 2020 4:17am
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  • #529,851
  • Jun 22, 2020 4:22am Jun 22, 2020 4:22am
Quoting Headland
{quote} You know what they say about how to get £1m in forex ? - start with £2m

You know better
99.9% persistence
  • #529,852
  • Jun 22, 2020 4:22am Jun 22, 2020 4:22am
Quoting Georginson
{quote} Now 107 pips range for Friday attained for the day, weekly range 340 pips attained at 1.2347 Friday range also attained the minimum 105...now allow for 70-120 pips retracement from low targeting 1.2418/1.2460
Reversal target accomplished...
Data + Stat + Risk/Emotions Management
  • #529,853
  • Jun 22, 2020 4:24am Jun 22, 2020 4:24am
Good day all

I think today we may see some good movement for the bulls. So far this morning I placed scalps at 238. Unfortunately I did a 1.1 ratio as I was away from charts. Should of stuck to my 2.1 that I preach but wanted to be on safe side haha. Dollar is beginning to show weakness. I will continue to monitor for the morning.

Trades below.

Trade safe
joe
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  • #529,854
  • Jun 22, 2020 4:24am Jun 22, 2020 4:24am
Quoting HaLBot
Dollar weakness.... {image}
Please were do you get this index chart from? Thankyou
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #529,855
  • Jun 22, 2020 4:27am Jun 22, 2020 4:27am
It's Biden's to lose...but he is gaffe prone so you wouldn't put it past him !
Trader with an Edge.
  • #529,856
  • Jun 22, 2020 4:29am Jun 22, 2020 4:29am
Now wait for defensive attack by selling at 1.2500/1.2530 level for target of 1.2310
Data + Stat + Risk/Emotions Management
  • #529,857
  • Jun 22, 2020 4:32am Jun 22, 2020 4:32am
Quoting HaLBot
{quote} You know we should leave the punchups to the weekend.... Hagler V Hearns one of the greatest 1st rounds in middle weight history, nothing compared to the stouch at 'Cable Update' this weekend LOL https://www.youtube.com/watch?v=HL2a2-8OHdg
Two of the greatest boxers of all time!!

Have you seen the Motor City Cobra v Hands of Stone?
Don't trade what you think. Just what you see!!!
  • #529,858
  • Jun 22, 2020 4:33am Jun 22, 2020 4:33am
price will retrace to 1.24000-1.24200 zone
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yes yes yes
  • #529,859
  • Jun 22, 2020 4:33am Jun 22, 2020 4:33am
Quoting martinez1
{quote} Please were do you get this index chart from? Thankyou
DXY chart

Being a cheap arse I've only signed up for a free tradingview.com account. I got to say BEST charting out there, beats all others I've come across, just does what you would think an intelligently designed charting software should do...
Problem with having a free account is you can only stick 3 indicators on it.
Don't Leave Money on the Table
  • #529,860
  • Jun 22, 2020 4:35am Jun 22, 2020 4:35am
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Have to take note of this . I had 2440 as to on the long but emas are long small time charts . So let’s see what happens the tl
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