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Cable Update (GBPUSD)

  • #530,761
  • Jun 24, 2020 10:36am Jun 24, 2020 10:36am
We have a new daily lower low for the week.. The pendulum is swinging back for Gu. This is the reality of trading. I have my first short entered at 1.24311. Happening so fast.
Cheers
Trade to trade another day
  • #530,762
  • Jun 24, 2020 10:40am Jun 24, 2020 10:40am
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2407 coming fast
  • #530,763
  • Jun 24, 2020 10:44am Jun 24, 2020 10:44am
Careful Guys, correction might be coming up ahead 1.24745. Have been short and am longer term still short.
A trader is as good as his stop loss. Understand your mistakes.
  • #530,764
  • Jun 24, 2020 10:44am Jun 24, 2020 10:44am
should get back to 2450 before another drop.
Intraday only.
  • #530,765
  • Jun 24, 2020 10:44am Jun 24, 2020 10:44am
Still looking for some cheap longs this week.
The lower, the better for long
COT: The precious data ignored
  • #530,766
  • Jun 24, 2020 10:52am Jun 24, 2020 10:52am
A good retrace towards 1.2470 i guess..nice chance for re-shorting.
  • #530,767
  • Jun 24, 2020 10:53am Jun 24, 2020 10:53am
Closed All for today. Good hit, Good hit on the target.
It always seems impossible until it is done.
Annex_of_Realsoldier All Time Return: na
  • #530,768
  • Jun 24, 2020 10:58am Jun 24, 2020 10:58am
H4 stays green on both indicators .h1 choppy yes. now red.when gu rise sudden and fast,it returns, its always like this,i noticed.Or should be slow rise.maybe better wait h1 green again.
  • #530,769
  • Jun 24, 2020 11:03am Jun 24, 2020 11:03am
Quick long 2420 SL 2400 TP 2460
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #530,770
  • Jun 24, 2020 11:04am Jun 24, 2020 11:04am
Quoting elbert3
{image} 2407 coming fast
that is where my TP is.
thanks
Le$$ I$ More
  • #530,771
  • Jun 24, 2020 11:09am Jun 24, 2020 11:09am
Quoting navk
should get back to 2450 before another drop.
i guess you have learnt something today?
  • #530,772
  • Jun 24, 2020 11:09am Jun 24, 2020 11:09am
Bear is back let's see D1 candle where close if D1 candle close under 1.24314 Strong Bearish sign target will be 1.2065
  • #530,773
  • Jun 24, 2020 11:12am Jun 24, 2020 11:12am
i forgot to say daily wave green.
  • #530,774
  • Jun 24, 2020 11:14am Jun 24, 2020 11:14am
i think gu will going up slowly till to asian open and drop again maybe 2460-2470 to take short
  • #530,775
  • Jun 24, 2020 11:25am Jun 24, 2020 11:25am
couldn't miss that opportunity went long currently running +20 so making trade risk free as up today enough so it hits SL is what it is

BEFORE
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AFTER
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  • #530,776
  • Jun 24, 2020 11:26am Jun 24, 2020 11:26am
Quoting Yngwie
Quick long 2420 SL 2400 TP 2460
Close manual at 2445 for +25 pips.

Quoting Yngwie
{quote} Looking for 2430 but i manually close @2434 since market today sucks.
+57 pips

Quoting Yngwie
{quote} Hit SL useless resistance. Luckily just small lots
- 7 pips

Total today +75 pips
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #530,777
  • Jun 24, 2020 11:30am Jun 24, 2020 11:30am
Extremely active day.....and those trades are only GU
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  • #530,778
  • Jun 24, 2020 11:37am Jun 24, 2020 11:37am
History shows if gu stays many houres near H4 resist finally it will cross it
  • #530,779
  • Jun 24, 2020 11:46am Jun 24, 2020 11:46am
Quoting Coreg2004
{quote} Choose your poison and trade wisely... {image}
Let shake bears confidence a little bit...what if this scenario plays out?
Attached Image (click to enlarge)
Click to Enlarge Name: GU06.24.30M.b.png Size: 98 KB
Always trade your own plan...I don't provide trading signals.
  • #530,780
  • Jun 24, 2020 11:50am Jun 24, 2020 11:50am
Quoting Georginson
I maintain a bearish stand with weekly possible top at 1.2535-1.2575 before a quick and aggressive drop to 1.2310-1.2280 levels... Price trading at 1.2522 as at time of typing.
This is just the beginning...
Data + Stat + Risk/Emotions Management
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