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Cable Update (GBPUSD)

  • #530,641
  • Jun 24, 2020 5:02am Jun 24, 2020 5:02am
Quoting Yngwie
Waiting confirmation to short again.
No confirmation from DXY. Just short from 2513 SL 2520 Hoping 2515 be a good resistance
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #530,642
  • Jun 24, 2020 5:06am Jun 24, 2020 5:06am
Quoting Bydyke
In the face of these staccato of up and down movements, isn't the spinner on M30 the pointer to the direction, PA will take?
Ho la la, the spinner has been negated. PA has also closed above the H1 average. So, we are back to the parlance of the bulls
  • #530,643
  • Jun 24, 2020 5:08am Jun 24, 2020 5:08am
Quoting Yngwie
{quote} No confirmation from DXY. Just short from 2513 SL 2520 Hoping 2515 be a good resistance
Hit SL useless resistance. Luckily just small lots
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #530,644
  • Jun 24, 2020 5:08am Jun 24, 2020 5:08am
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yes yes yes
  • #530,645
  • Edited 5:45am Jun 24, 2020 5:22am | Edited 5:45am
Quoting Siame
Previous Day's High has been retested. Price closing back above it favors my LONG bias. Below 1.24900 and I'd take a SHORT to Monday's Low. Until London session.
We're back at the 50% Fib retracement level of the previous Weekly Candle.

Still expecting a break up to the 62% before any Down move should occur.

I'll prefer BUYing above the Daily Open when we do get a break. 1.25700 still in view.
  • #530,646
  • Jun 24, 2020 5:23am Jun 24, 2020 5:23am
Quoting Headland
...oscillators to 1hr are pointing up atm....if you go in for that sort of thing. Actually I just wanted to get my post count off the number 113 to 114 as I once stayed at a guest house called '113' and it was the type of place you wiped your feet on the way out. I complained to the owner about a flee I had found in my room and he said that 'one flee won't do you any harm' to which I replied 'No, but it's the 10,000 that have come to it's funeral that are worrying me..' Anyway job done...114 it is.
TMTOYH
Compulsions can be hard to resist
  • #530,647
  • Jun 24, 2020 5:28am Jun 24, 2020 5:28am
Quoting Wavegarrick
{quote} From an hourly perspective, I am using these little retraces to add buy trades. I will be careful with a breakdown below 1.2500. Cheers. {image}
Hi Guys,
Some hairy scary moments this morning. Thank goodness I do not trade big lot sizes. I had some of my trail stops taken out with a small profit but am back in it. Still bullish confirmation for me. A 4hr close below 1.2485 could swing it to the downside.

Have a great day.
Cheers.
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Trade to trade another day
  • #530,648
  • Jun 24, 2020 5:31am Jun 24, 2020 5:31am
Waiting for market direction
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99.9% persistence
  • #530,649
  • Jun 24, 2020 5:35am Jun 24, 2020 5:35am
Am bored so I took this trade instead
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99.9% persistence
  • #530,650
  • Jun 24, 2020 5:37am Jun 24, 2020 5:37am
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yes yes yes
  • #530,651
  • Jun 24, 2020 5:37am Jun 24, 2020 5:37am
In profits oredy
99.9% persistence
  • #530,652
  • Jun 24, 2020 5:41am Jun 24, 2020 5:41am
Newbie learn something please!!!
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99.9% persistence
  • #530,653
  • Jun 24, 2020 5:48am Jun 24, 2020 5:48am
Quoting dondealova
{quote} this is my view in H1 Time Frame...so be careful seller's if today Price Action not touchdown 1.2442, it will fly #I'm Still with The Bull #Buy Limit 1.2475 (Last) {image}
If today Not Hit 1.2442 Beware bears
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https://investizo.com/investment/view?server=1&login=2141779119
  • #530,654
  • Jun 24, 2020 5:53am Jun 24, 2020 5:53am
My long from yesterday is moving into positive pips again. Come on! Luke is hungry! He needs to
FEED
Attached Image
  • #530,655
  • Jun 24, 2020 5:55am Jun 24, 2020 5:55am
Quoting HaLBot
{quote} Got a buy on b4 the roller coaster started @ 2506 TP 2532, had to hold my nerve when it dropped....
Hit now nice there
PA Return Today: 0.3%
  • #530,656
  • Jun 24, 2020 5:56am Jun 24, 2020 5:56am
Quoting tehnoob
My long from yesterday is moving into positive pips again. Come on! Luke is hungry! He needs to FEED {image}
The puffer is back!!
Lost....
  • #530,657
  • Jun 24, 2020 5:58am Jun 24, 2020 5:58am
Do not be one of those shorts that keep getting slaughtered on the 1-hour chart. For there is a lot more pain to come, I suspect.

GBP is about to confound everyone, once again
  • #530,658
  • Jun 24, 2020 5:59am Jun 24, 2020 5:59am
Quoting Siame
We're back at the 50% Fib retracement level of the previous Weekly Candle. Still expecting a break up to the 62% before any Down move should occur. I'll prefer BUYing above the Daily Open when we do get a break. 1.25700 still in view.
LONG 1.25199
  • #530,659
  • Jun 24, 2020 6:00am Jun 24, 2020 6:00am
Quoting gespiri
{quote} The puffer is back!!
He's already eating pips on his FTSE short (posted in my thread yesterday cause not Cable-related), but that's just breakfast!
  • #530,660
  • Jun 24, 2020 6:00am Jun 24, 2020 6:00am
....a fractal swing lo created by close of 2hr bullish engulf candle....HH,HL,HH,L in this t/f's uptrend.....upside breech of the 1hr/2hr/4hr desc t/line as price backs away from that potential res zone around the current daily hi.

....so, is this more of a 1hr/2hr uptrend or just awaiting the' true' swing point for a continuation in what some are still calling a 4hr downtrend, - and they might well be correct and the current daily hi could even be it....... it could probably even be both but if you use fractal swings to determine a trend then 4hr D-E 'correction' is of a different character than the B-C correction on that t/f ? Time will tell....just idle speculation....

2Hr below.
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