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Cable Update (GBPUSD)

  • #529,881
  • Jun 22, 2020 5:30am Jun 22, 2020 5:30am
@ 50% of the current dly lo-hi and 1hr asc t/line now...are the bulls gonna roll over so easily ?
Trader with an Edge.
  • #529,882
  • Jun 22, 2020 5:31am Jun 22, 2020 5:31am
resistance.... break or make?
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row row row your boat
  • #529,883
  • Jun 22, 2020 5:35am Jun 22, 2020 5:35am
Entertainment, I play big trade today, so I'm a bit nervous, now it's okay.
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SCALP WIN
  • #529,884
  • Jun 22, 2020 5:36am Jun 22, 2020 5:36am
sell triger at 1.241, 1.242. 1.243 miss. target 1.232
  • #529,885
  • Jun 22, 2020 5:39am Jun 22, 2020 5:39am
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Quoting elbert3
{image} 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
Nice easy pips tl touch on 5 min so let’s see it break
  • #529,886
  • Jun 22, 2020 5:43am Jun 22, 2020 5:43am
Quoting elbert3
{image}{quote} Nice easy pips tl touch on 5 min so let’s see it break
dont think it will break... hahaha...
row row row your boat
  • #529,887
  • Jun 22, 2020 5:46am Jun 22, 2020 5:46am
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yes yes yes
  • #529,888
  • Jun 22, 2020 5:47am Jun 22, 2020 5:47am
...from the current dly lo 1hr has seen that as an =LL, then H, HL and HH putting a dent but necessarily a fatal one in it's downtrend. 2hr/4hr downtrends are still intact though. 81.5% of the 30day adr covered so far today ie 99pip range so far. Will this pullback lo at the 50% fib prove to develop into a 2nd HL on this 1hr t/f ? Wil the 2hr/4hr downtrend continue instead ? All these questions and more will be answered in due course !

Done for the day...good luck all..
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Trader with an Edge.
  • #529,889
  • Jun 22, 2020 5:47am Jun 22, 2020 5:47am
H4
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SCALP WIN
  • #529,890
  • Jun 22, 2020 5:48am Jun 22, 2020 5:48am
I'm short from 1.24..targeting 1.2355.
  • #529,891
  • Jun 22, 2020 5:48am Jun 22, 2020 5:48am
If by 4hr tf close it closes bearish, then we can safely sell the GBPUSD.
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Le$$ I$ More
  • #529,892
  • Jun 22, 2020 5:54am Jun 22, 2020 5:54am
3 lot Short 1.2386

first target 1.2371 for two of the lots

second target 1.2344 ( for one target with BE SL)
Don't trade what you think. Just what you see!!!
  • #529,893
  • Jun 22, 2020 5:57am Jun 22, 2020 5:57am
Quoting Siame
LONG 1.24221
CLOSED @ 1.23813 -41pips

I'll wait for a close above 1.24250 to reenter a BUY position. Neutral atm.
  • #529,894
  • Jun 22, 2020 6:06am Jun 22, 2020 6:06am
Quoting ongtrumvn99
I continue to win today. but not easy. I have to hunt pips very carefully. {image}

Mathematically it is a 100% guaranty that you will have margin call with that leverage!
My guess thou it will happen in less than two weeks.
  • #529,895
  • Jun 22, 2020 6:06am Jun 22, 2020 6:06am
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Don't Leave Money on the Table
  • #529,896
  • Jun 22, 2020 6:09am Jun 22, 2020 6:09am
Quoting ongtrumvn99
I continue to win today. but not easy. I have to hunt pips very carefully. {image}
what is your strategy can u share it ?
  • #529,897
  • Jun 22, 2020 6:15am Jun 22, 2020 6:15am
Quoting Siame
{quote} CLOSED @ 1.23813 -41pips I'll wait for a close above 1.24250 to reenter a BUY position. Neutral atm.
Mate you should probably cut your losses early
  • #529,898
  • Jun 22, 2020 6:16am Jun 22, 2020 6:16am
Quoting asalami23
{quote} what is your strategy can u share it ?
I trade empirically and do not follow any rules. My goal is not to be beaten by the market for the day. Everything will be fine.
SCALP WIN
  • #529,899
  • Jun 22, 2020 6:25am Jun 22, 2020 6:25am
Quoting Moty
{image}
I started booking profits, instead of holding it.

Especially, if the trade is against daily trend.

I booked in the morning 6 % ROI, and then improved very slightly to 7.5 %.

Better to book every day some 3 to 4 %.

Cumulatively it would be 100 % by the end of the month.

Try this.

No point in making big one day and then seeing a floating loss next day.
Intraday only.
  • #529,900
  • Edited 6:39am Jun 22, 2020 6:26am | Edited 6:39am
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yes yes yes
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