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Cable Update (GBPUSD)

  • #530,801
  • Jun 24, 2020 2:09pm Jun 24, 2020 2:09pm
Quoting knkie
i added a sell @ 2427 all three have a 2384 target but i may close them earlier if the momentum slows down {image}
exit the lot from 2427 for +10 pips.
Other two set SL @ 5 pips each.

So worst cast scenario I BE .

Target remains 39 pips for now.
in wondering about yourself, you forgot what you came here to be part of
  • #530,802
  • Jun 24, 2020 2:20pm Jun 24, 2020 2:20pm
Quoting knkie
{quote} exit the lot from 2427 for +10 pips. Other two set SL @ 5 pips each. So worst cast scenario I BE . Target remains 39 pips for now.
Just got to break this resistance!
Don't trade what you think. Just what you see!!!
  • #530,803
  • Jun 24, 2020 2:24pm Jun 24, 2020 2:24pm
Quoting Theoak
{quote} Just got to break this resistance!
its struggling
not sure why
i dont really see any support levels until 2404

do you see any?
in wondering about yourself, you forgot what you came here to be part of
  • #530,804
  • Jun 24, 2020 2:27pm Jun 24, 2020 2:27pm
Today I see Price Action Hit 1.2442....Looking For Sell...oppurtunity retrace at 1.2460/70 (Sell Limit)
https://investizo.com/investment/view?server=1&login=2141779119
  • #530,805
  • Jun 24, 2020 2:30pm Jun 24, 2020 2:30pm
Quoting knkie
{quote} its struggling not sure why i dont really see any support levels until 2404 do you see any?
You will hate me if I say it to say it...…. 0.382 fib level.
Don't trade what you think. Just what you see!!!
  • #530,806
  • Jun 24, 2020 2:31pm Jun 24, 2020 2:31pm
Quoting Theoak
{quote} You will hate me if I say it to say it...…. 0.382 fib level.
LOL
awesome

you have a great memory.

I dumped the remaining trades with 1 or 2 pips each.

I had a great day.
Dont want to wait this out.

ttyl
in wondering about yourself, you forgot what you came here to be part of
  • #530,807
  • Jun 24, 2020 2:39pm Jun 24, 2020 2:39pm
Quoting Coreg2004
{quote} Is C in place already??? {image}
maybe it's not c point , but wave 5 .
I foresaw this move below, but the crooks made a false
move and then went back to the format I envisioned
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: guh1.png Size: 28 KB
yes yes yes
  • #530,808
  • Jun 24, 2020 2:50pm Jun 24, 2020 2:50pm
Quoting Moty
{quote} maybe it's not c point , but wave 5 . I foresaw this move below, but the crooks made a false move and then went back to the format I envisioned {image} {image}
i see the price 3x retest at 1.2530 can not breakout, thats a give me bearish signal, and the price hit 1.2442...i'll wait some retrace at 1.2465/75 maybe tomorrow and to try sell again, but if there is no retrace until tomorrow, I'm done for this week
https://investizo.com/investment/view?server=1&login=2141779119
  • #530,809
  • Jun 24, 2020 2:51pm Jun 24, 2020 2:51pm
Quoting knkie
{quote} LOL awesome you have a great memory. I dumped the remaining trades with 1 or 2 pips each. I had a great day. Dont want to wait this out. ttyl

PRICE NEVER LIES!!!!
Don't trade what you think. Just what you see!!!
  • #530,810
  • Jun 24, 2020 2:51pm Jun 24, 2020 2:51pm
Attached Image (click to enlarge)
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tl
  • #530,811
  • Jun 24, 2020 2:54pm Jun 24, 2020 2:54pm
Quoting Theoak
{quote} PRICE NEVER LIES!!!!
there ya go
lol
in wondering about yourself, you forgot what you came here to be part of
  • #530,812
  • Jun 24, 2020 2:55pm Jun 24, 2020 2:55pm
Quoting elbert3
{image} tl
double bottom opportunity
https://investizo.com/investment/view?server=1&login=2141779119
  • #530,813
  • Jun 24, 2020 2:55pm Jun 24, 2020 2:55pm
Quoting Theoak
{quote} Just got to break this resistance!
Theoak, resistance ?? are you long or short? Support is what the price stands on, resistance is what's above.
  • #530,814
  • Edited 3:40pm Jun 24, 2020 2:58pm | Edited 3:40pm
Clear 1hr asc t/line breech and 61.8% of the mon lo-weds hi is where price fell to so far today...and although not fractal yet that weds hi will likely be a 2nd LH on daily t/f after the pullback from the L (depending on Thursday candle close.) 4Hr has printed a HH at that hi, L, LH and when it becomes fractal a L. Price did exceed Tuesday's Lo at the current daily lo which will give encouragement to the bears, particularly if it can close below there. A big dent to if not a fatal one (with the LL) in the previous 1hr uptrend and consolidation at the top...with a HH at same hi followed by a LH,L,H,LL . Nice move eventually....pips to be had both ways on the lower t/f's until the break then it was all selling as the highest prob trade.

For me it was the tweezer tops first on 30min then 1hr (I did mention it in realtime) then 2hr that clinched it as price pulled back from 2465 on first fall and retested the resistance zone toward the current daily hi. 107% of the 30 day adr travelled so far today and 60% of the 26 week awr so far this week.

Well done to the bears that hung in there all the way. See what tomorrow London open brings.


1Hr shown below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #530,815
  • Jun 24, 2020 3:02pm Jun 24, 2020 3:02pm
Quoting navk
{quote} learning is part of work. how about you?
i am still learning but i would never post something unless i'm 100% sure of the direction because lots of people here are following and real money is involved , i knew Monday and Tuesday will buy and Wednesday would sell , it's always cable signature.
  • #530,816
  • Jun 24, 2020 3:10pm Jun 24, 2020 3:10pm
Quoting dondealova
{quote} double bottom opportunity
Might fake it for some pips up ??
  • #530,817
  • Jun 24, 2020 3:18pm Jun 24, 2020 3:18pm
I've read a couple of posts today discussing how other traders' posts might influence other less experienced traders...and if that is the case - they might be better off not coming in here until they can get that part of their game under control, after all it is not compulsary. Personally I find it a generally nice environment to pass the time in between set-ups, after all patience is a key part of trading. I think the thing that is most insidious is the constant, tiresome and frankly ridiculous boasting of how many pips folk have made without a call before hand or after to close and take profit....Who cares ? This is particularly the case with those that just post gains after the event. Worse still maybe are those that post just gains lol ! - and surely this must put less experienced traders off more than anything. Anyways, you can't stop people posting what they want to post (so long as it fall's within admin's rules) so let's hope less experienced traders will make their own determinations as to who is full of the brown stuff and who might be posting stuff of merit....and hopefully ignore the rest.
Trader with an Edge.
  • #530,818
  • Jun 24, 2020 3:22pm Jun 24, 2020 3:22pm
Quoting elbert3
{quote} Might fake it for some pips up ??
Could see 24340 and then resell
  • #530,819
  • Jun 24, 2020 3:25pm Jun 24, 2020 3:25pm
i am bearish with GU but i think we might get a fake bounce to shake the bears with SL around 1.2390
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  • #530,820
  • Jun 24, 2020 3:30pm Jun 24, 2020 3:30pm
too many options
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yes yes yes
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