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Cable Update (GBPUSD)

  • #530,161
  • Jun 23, 2020 2:25am Jun 23, 2020 2:25am
Buyers looking exhausted, might be shorting this. Lets see where this 15m candle ends up.
  • #530,162
  • Jun 23, 2020 2:25am Jun 23, 2020 2:25am
Quoting Siame
LONG 1.24907
Added 1.24829
  • #530,163
  • Jun 23, 2020 2:26am Jun 23, 2020 2:26am
I'll post these figures again for anyone who doesn't understand the significance of these numbers,
number under 50 contraction of the economy, number over 50 expansion of the economy, hence the spike...
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Don't Leave Money on the Table
  • #530,164
  • Jun 23, 2020 2:27am Jun 23, 2020 2:27am
Be cautious friends. It's cable seems bearish show to start.
  • #530,165
  • Jun 23, 2020 2:28am Jun 23, 2020 2:28am
I now have a sell at 1.2492 level as against the anticipated 1.2535 level. Reason being that the range of weekly open to high is already 160 pips and last two weeks had weekly open to high of 130 and 174 pips respectively. So selling at 1.2492 level is my first sell for the week and second sell will be positioned at 1.2535 level as any rise is still a crash. Expect 1.2310/1.2280 level I'm near term.
Data + Stat + Risk/Emotions Management
  • #530,166
  • Jun 23, 2020 2:31am Jun 23, 2020 2:31am
Quoting harold1
dxy 15 mins {image}


this is the golden set up.
usually a bounce from the daily and weekly pivot zone cause a big move at least to daily s2 or r2
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yes yes yes
  • #530,167
  • Jun 23, 2020 2:32am Jun 23, 2020 2:32am
Quoting Georginson
I now have a sell at 1.2492 level
Bearish or bullish today?
  • #530,168
  • Jun 23, 2020 2:34am Jun 23, 2020 2:34am
Quoting Sunriser
{quote} Bearish or bullish today?
Considering he placed a sell, I'd assume bearish...
  • #530,169
  • Jun 23, 2020 2:40am Jun 23, 2020 2:40am
SELL 1 LEVEL: 1.2492 (160 pips weekly range distance)
SELL 2 LEVEL: 1.2535 (200 pips weekly range distance)
SELL 3 LEVEL: 1.2575 (240 pips weekly range distance)

Should 1.2505/1.2535 levels hold, expect a crash to at least 1.2305 this week.

Peace.
Data + Stat + Risk/Emotions Management
  • #530,170
  • Jun 23, 2020 2:41am Jun 23, 2020 2:41am
Very strong R at there
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  • #530,171
  • Jun 23, 2020 2:46am Jun 23, 2020 2:46am
price backs away from the 1hr/2hr/4hr desc t/line to finds support at the 5min swing hi x 2 zone on the pullback...1hr is below. Pretty rangy right now 5min - 1hr between current daily hi and pullback lo off that hi.
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Trader with an Edge.
  • #530,172
  • Jun 23, 2020 2:48am Jun 23, 2020 2:48am
Quoting Georginson
SELL 1 LEVEL: 1.2492 (160 pips weekly range distance) SELL 2 LEVEL: 1.2535 (200 pips weekly range distance) SELL 3 LEVEL: 1.2575 (240 pips weekly range distance) Should 1.2505/1.2535 levels hold, expect a crash to at least 1.2305 this week. Peace.
If all PMIs are in positive territory today it can only mean more upside, unless some other fundy kicks cable/euro in the nether regions...
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Don't Leave Money on the Table
  • #530,173
  • Jun 23, 2020 2:49am Jun 23, 2020 2:49am
Quoting Sunriser
{quote} Bearish or bullish today?
I do not work with day, I work with week. First sell for the week is 1.2492, second sell for the week 1.2535, third sell for the week 1.2580. Please never stake more than 9% of your equity... You can stake 3.5% of your equity at 1.2492, another 3.5% of equity at 1.2535 if it gets there... Then target 1.2305 if 1.2535 doesn't break, if it breaks then you will reduce your target to 1.2330.

I do not fancy daily as it Changes too quickly and too erratic for my liking.

Trade safely.
Data + Stat + Risk/Emotions Management
  • #530,174
  • Jun 23, 2020 2:50am Jun 23, 2020 2:50am
My view, going down soon
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  • #530,175
  • Jun 23, 2020 2:53am Jun 23, 2020 2:53am
i said some hrs back about 100 pip signal in 15 min chart when 200 EMA breaks.

Look.

Minimum 2428 candle it broke.

The price tested 2436.

Now to fly to minimum 2519 or more.
Attached Image (click to enlarge)
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Intraday only.
  • #530,176
  • Jun 23, 2020 2:55am Jun 23, 2020 2:55am
Quoting HaLBot
{quote} If all PMIs are in positive territory today it can only mean more upside, unless some other fundy kicks cable/euro in the nether regions... {image}
The number one misleading weapon these robber banks use are these news... The price moves in tandem with the levels the big boys have fixed before time. These news are fuel to fire the prices. I'm not trying to underestimate fundamental analysis but there is much more to these price movements than retail traders know. Best way to corner these robber banks is to anticipate their moves and join them as you can never beat them.

Peace.
Data + Stat + Risk/Emotions Management
  • #530,177
  • Jun 23, 2020 2:55am Jun 23, 2020 2:55am
2506 is 4hr resistance. Break of that level takes the price up by another 30 pips
Intraday only.
  • #530,178
  • Jun 23, 2020 2:56am Jun 23, 2020 2:56am
Quoting knkie
i bought this on M5 but better would be to wait for the break and pullback ... price will probably come back to my entry point. {image}
looking promising
Adding Buy's
This is M30.
2506 is the R that needs to be broken for a real move.
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in wondering about yourself, you forgot what you came here to be part of
  • #530,179
  • Jun 23, 2020 2:58am Jun 23, 2020 2:58am
If classic EW plays out (4hr) and the move down off 2813 hi sees this 2nd corrective wave D-E exceed the first B-C then the = B-C target is 2568 so 'should' see a price above that ?
Trader with an Edge.
  • #530,180
  • Jun 23, 2020 3:05am Jun 23, 2020 3:05am
Ideally, it may take out the BOE candle, its high (2550).

It loves high volume candles
COT: The precious data ignored
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