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Cable Update (GBPUSD)

  • #530,681
  • Jun 24, 2020 7:00am Jun 24, 2020 7:00am
Quoting guestfromeast
The 100 point drop of NZDUSD today makes me anticipate GBPUSD to reach 1.24 soon!
No that drop had to do with the Interest Rate announcement and RBNZ meeting minutes....
Official cash rate left at 0.25 but it surprised me the sell off, maybe the markets were expecting an increase, but in this climate there's no chance but there could have been something in the minutes that caused the sell off like a more Dovish tone
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Don't Leave Money on the Table
  • #530,682
  • Jun 24, 2020 7:02am Jun 24, 2020 7:02am
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yes yes yes
  • #530,683
  • Jun 24, 2020 7:11am Jun 24, 2020 7:11am
Quoting HaLBot
{quote} No that drop had to do with the Interest Rate announcement and RBNZ meeting minutes.... Official cash rate left at 0.25 but it surprised me the sell off, maybe the markets were expecting an increase, but in this climate there's no chance but there could have been something in the minutes that caused the sell off like a more Dovish tone {image}
Hey man, thank you for sharing your valuable view..indeed when i gave my expectation that was based on similar scenarios in the past...besides my reading for the current price action today..GBPUSD is unstable above 1.25 and just made a lower high..moreover, it left the S1 untouched though was very near, a suspicious act that i translate it as back -soon. Thank you again.
  • #530,684
  • Jun 24, 2020 7:16am Jun 24, 2020 7:16am
i think bulls are gonna take a beating today.
This market really played the retailers that were short yesterday and long today.
in wondering about yourself, you forgot what you came here to be part of
  • #530,685
  • Jun 24, 2020 7:17am Jun 24, 2020 7:17am
Sadly another instance where there are A large quantity of long posts which discourage the newcomers, stick to your training for plan, +40pips

I am out at the moment, I did take a screenshot on my pc of the time when I took the Trade to show before and after will post later

joe
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  • #530,686
  • Jun 24, 2020 7:19am Jun 24, 2020 7:19am
Try to scalp with small lot
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  • #530,687
  • Jun 24, 2020 7:19am Jun 24, 2020 7:19am
Quoting epzero
{quote} so you still have this buy mentally when the market is slowly playing for a sell???
no.

I gave back some to the market.

However, if london low breaks, then I would call it short.
Intraday only.
  • #530,688
  • Jun 24, 2020 7:24am Jun 24, 2020 7:24am
the moving averages closing down, and tomorrow could be short only.

Let us see how the price closes today
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Intraday only.
  • #530,689
  • Jun 24, 2020 7:30am Jun 24, 2020 7:30am
switching to m30 with very good vol for bulls
ideally a move back above pivot to help another move up
COT: The precious data ignored
  • #530,690
  • Jun 24, 2020 7:31am Jun 24, 2020 7:31am
Cabley fell to it's kneelybopppers in that lastly moving downing but deep joy buylers came in at supporting/demandly area and trendly lineup..

Peacely.
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Trader with an Edge.
  • #530,691
  • Jun 24, 2020 7:33am Jun 24, 2020 7:33am
Quoting kuroro001
switching to m30 with very good vol for bulls ideally a move back above pivot to help another move up
i am switching to short today.

A change now occurs.
Intraday only.
  • #530,692
  • Jun 24, 2020 7:39am Jun 24, 2020 7:39am
Quoting navk
{quote} i am switching to short today. A change now occurs.
Only longs for me this week, no matter what happens
But quickly out if wrong... so its fine
COT: The precious data ignored
  • #530,693
  • Jun 24, 2020 7:39am Jun 24, 2020 7:39am
me long too
  • #530,694
  • Jun 24, 2020 7:42am Jun 24, 2020 7:42am
Quoting kuroro001
{quote} Only longs for me this week, no matter what happens But quickly out if wrong... so its fine
as of now, smaller TF showing short.

I prefer break of london low for short.
Intraday only.
  • #530,695
  • Jun 24, 2020 7:43am Jun 24, 2020 7:43am
Look at H4 TF, the top will repeat again (arrows)
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  • #530,696
  • Jun 24, 2020 7:43am Jun 24, 2020 7:43am
Quoting kuroro001
switching to m30 with very good vol for bulls ideally a move back above pivot to help another move up
Yeh im waiting for a move above pivot before entering a long. If not could fall to weekly pivot before a bit of upside.
  • #530,697
  • Jun 24, 2020 7:46am Jun 24, 2020 7:46am
Quoting navk
{quote} as of now, smaller TF showing short. I prefer break of london low for short.
Yes, and price is now stuggling to rise above dpp

I give it time
COT: The precious data ignored
  • #530,698
  • Jun 24, 2020 7:47am Jun 24, 2020 7:47am
Quoting Scotteyy
{quote} Yeh im waiting for a move above pivot before entering a long. If not could fall to weekly pivot before a bit of upside.
Yes we have weekly pivot + dailyS1 around each other
COT: The precious data ignored
  • #530,699
  • Jun 24, 2020 7:48am Jun 24, 2020 7:48am
Currently just a fight between daily pivot and 15m 200 EMA/1h 50 EMA. Which will break first who knows...
  • #530,700
  • Jun 24, 2020 8:08am Jun 24, 2020 8:08am
Quoting kuroro001
{quote} Yes we have weekly pivot + dailyS1 around each other
similar to yesterday might happen.

The move in London retraces almost full and then NY takes over. Short or long.
Intraday only.
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