Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#530,581
Jun 24, 2020 2:52am Jun 24, 2020 2:52am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

just checking the break

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yes yes yes

#530,582
Jun 24, 2020 2:53am Jun 24, 2020 2:53am

HaLBot
Joined Jan 2016 | Status: Trader | 5,200 Posts

G'day Traders....

Just like clock work, bought 2482 TP 2496

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Don't Leave Money on the Table

#530,583
Jun 24, 2020 2:57am Jun 24, 2020 2:57am

Ariee
| Joined May 2020 | Status: save trade and fun | 27 Posts

Quoting navk

Disliked

{quote} this happens..whipsaw if you trade on daily basis. And my advise to you. Do not trade based on anybody advice. Just check with your own system and see if it matches with other ideas posted here. There are scalpers, day traders, swingers, position traders...so.

Ignored

yes im agree, one bear or bull candle not representative a wholeday trend

#530,584
Edited 4:37am Jun 24, 2020 3:02am | Edited 4:37am

Bydyke
| Joined Sep 2009 | Status: Trader | 1,252 Posts

Quoting Theoak

Disliked

{quote} Hi Bydyke, Why do you think it will go up? Surely it is at the top of the daily channel. I think we are in for a very hard day's trading.

Ignored

I agree with you. Right after my post, PA switched into the bear mode. We are in for a day today

#530,585
Jun 24, 2020 3:04am Jun 24, 2020 3:04am

HaLBot
Joined Jan 2016 | Status: Trader | 5,200 Posts

Red letter day, could turn into a rout, but you'd think it would touch 2500 b4 the fall....

https://www.forexlive.com/news/!/sto...erway-20200624

Don't Leave Money on the Table

#530,586
Jun 24, 2020 3:06am Jun 24, 2020 3:06am

trumps
Joined Mar 2020 | Status: Trader | 3,499 Posts

Quoting Georginson

Disliked

I seriously wonder why most traders cannot tolerate floating negative of 80-150 pips and start moaning about potential negative. To stay in this market you must have definite trade plans ahead of time and no price movement no matter the volatility should shock you as traders must have plan A and Plan B to combat the erratic price structures and supply imbalances. Most cases bulls have their time and bears also have their time, staying true to a direction amidst trade storm can be beneficial and can also be disastrous... Never buy at the top of a...

Ignored

I think it is because a floating loss of 80-150 pips is much bigger than the tp amount for many day traders in this thread. Most here are day/short term traders.

Personally, I like to swing trade

Compulsions can be hard to resist

#530,587
Jun 24, 2020 3:06am Jun 24, 2020 3:06am

Theoak
Joined Apr 2019 | Status: Trader | 5,796 Posts

Quoting Bydyke

Disliked

{quote} I agree with you. Right after my post, PA switched into the bear mood. We are in for a day today

Ignored

I think if this does not break higher. It will be chopping about all day.

Don't trade what you think. Just what you see!!!

#530,588
Jun 24, 2020 3:13am Jun 24, 2020 3:13am

adc
| Joined Oct 2009 | Status: 4candles | 195 Posts

Classic test/break/re-test/reject move across daily pivot. Short off pivot, initial target S1. Rgds, Angus

#530,589
Jun 24, 2020 3:15am Jun 24, 2020 3:15am

HandsFx
| Joined Jul 2011 | Status: Trader | 77 Posts

for those long, may want to observe the black downtrend line, if it break may go back to the bottom green.
If it hold, may go up higher

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#530,590
Jun 24, 2020 3:16am Jun 24, 2020 3:16am

Georginson
Joined Aug 2018 | Status: Research Analyst | 4,290 Posts

Quoting trumps

Disliked

{quote} I think it is because a floating loss of 80-150 pips is much bigger than the tp amount for many day traders in this thread. Most here are day/short term traders. Personally, I like to swing trade

Ignored

I don't think I will be of any value or help to day/short term traders here as I do not see any future in it. 79% of retail traders lose money to these Robber Banks and in a very clumsy manner.

I will create a thread for swing traders and hope we can all have constructive criticism and analysis by early July. I do hope you will join.

Data + Stat + Risk/Emotions Management

#530,591
Jun 24, 2020 3:18am Jun 24, 2020 3:18am

Yngwie
Joined Aug 2008 | Status: Trader | 3,976 Posts

Quoting Yngwie

Disliked

DXY must above 96.69 ~ 96.80 for GU to fall

Ignored

PA bearish and DXY breaks this level. Cable going down! SHORT @ 2490

Live trade ~ GBPUSD only. No chart! Follow at your own risk!

#530,592
Jun 24, 2020 3:19am Jun 24, 2020 3:19am

kuroro001
Joined Jul 2007 | Status: Trader | 17,796 Posts

I'll keep my bull's view for this week...looking to long near 2450/60 is possible

COT: The precious data ignored

#530,593
Jun 24, 2020 3:20am Jun 24, 2020 3:20am

trumps
Joined Mar 2020 | Status: Trader | 3,499 Posts

Quoting Georginson

Disliked

{quote} I don't think I will be of any value or help to day/short term traders here as I do not see any future in it. 79% of retail traders lose money to these Robber Banks and in a very clumsy manner. I will create a thread for swing traders and hope we can all have constructive criticism and analysis by early July. I do hope you will join.

Ignored

I'll be there

Compulsions can be hard to resist