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Cable Update (GBPUSD)

  • #530,861
  • Jun 24, 2020 10:21pm Jun 24, 2020 10:21pm
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yes yes yes
  • #530,862
  • Jun 24, 2020 10:25pm Jun 24, 2020 10:25pm
Another perspective
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  • #530,863
  • Jun 24, 2020 10:31pm Jun 24, 2020 10:31pm
I know more to bearish but quick Long 2408 SL 2395
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Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #530,864
  • Jun 24, 2020 10:37pm Jun 24, 2020 10:37pm
Quoting Moty
{image}
thanks for sharing.
  • #530,865
  • Jun 24, 2020 10:39pm Jun 24, 2020 10:39pm
Quoting Moty
{image}
Same long setup for me
A trader is as good as his stop loss. Understand your mistakes.
  • #530,866
  • Jun 24, 2020 10:42pm Jun 24, 2020 10:42pm
Quoting Moty
{image}
1st need to break strong resistance 2435 & 2nd daily pivot 2457
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #530,867
  • Jun 24, 2020 10:43pm Jun 24, 2020 10:43pm
Quoting Theoak
{quote} Just seeing some short term divergence. My plan is to let this work itself out and lhen look for a short. This might be working itself out now actually. short in at 1.2410 quick scalp 1.2401 One pop at this then out market until clearer picture
Its diverging from min15 till hourly chart, Im in for a good pop. Bit late at the party. Think good chance to go back to pivot cluster 2460. I will ad some on dip likely

GL!
Life is great!!
  • #530,868
  • Edited 10:58pm Jun 24, 2020 10:47pm | Edited 10:58pm
Hello. Sun is shining again even this early -UK. Soulful Chillout Ibiza trance on the radio so all set for London trading session.

Subdued asian session - 30 pip range, new asc 1hr trend line drawn joining the asian session lo/current daily lo....1Hr has seen a fractal LL now so is in a downtrend on this measure. 4Hr just a L yet after 1 x LH so possible a developing downtrend or a damaged uptrend ? Daily depending on close of today's candle may have the 2nd LH but no LL yet until monday's lo gets taken out.

1Hr is shown below.

I hope everyone has a good day today.
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Trader with an Edge.
  • #530,869
  • Jun 24, 2020 11:08pm Jun 24, 2020 11:08pm
Quoting rahadian1
{quote} already loss 300pips this week
So sorry about that mate, I did suggest price will move to 1.25 level from 1.2344 where it opened and also suggested sell from 1.2492 and 1.2535 levels... They ended up being good. I do not give any suggestion without explanations. Better luck in the future.

Peace.
Data + Stat + Risk/Emotions Management
  • #530,870
  • Jun 24, 2020 11:11pm Jun 24, 2020 11:11pm
Quoting ServerUang
I want to sell GU at 1.2410 but affraid sell at bottom. I want to buy , no push up... USD index at: Weekly Pivot and Monthly S1 ahh confuse ...
Wait till there is at least 90 pips range for the day, the opportunity will be almost clear cut to get 30-40 pips for scalpers. As for me I held my sell positions from 1.2492 and 1.2535 levels still targeting at least 1.2310 and 1.2280
Data + Stat + Risk/Emotions Management
  • #530,871
  • Jun 24, 2020 11:17pm Jun 24, 2020 11:17pm
Quoting Yngwie
I know more to bearish but quick Long 2408 SL 2395 {image}
Closed for +8 pips
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #530,872
  • Jun 24, 2020 11:18pm Jun 24, 2020 11:18pm
10 and 15min have already closed as inverted hammers.....30min might do the same ? We'll see
Trader with an Edge.
  • #530,873
  • Jun 24, 2020 11:19pm Jun 24, 2020 11:19pm
Quoting sgkrishn
In coming weeks all retail traders will look for long signals and built their positions.but the price will act exactly the opposite.
its happening..
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #530,874
  • Jun 24, 2020 11:22pm Jun 24, 2020 11:22pm
Monthly
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Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #530,875
  • Jun 24, 2020 11:24pm Jun 24, 2020 11:24pm
Mmmm, now reversed divergence signal, killing the idea. Perhaps just stop eater first?
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Life is great!!
  • #530,876
  • Jun 24, 2020 11:26pm Jun 24, 2020 11:26pm
Quoting despichtt
Mmmm, now reversed divergence signal, killing the idea. Perhaps just stop eater first? {image}
Better jump on its leaving the area
  • #530,877
  • Jun 24, 2020 11:33pm Jun 24, 2020 11:33pm
Quoting q_import
{quote} Better jump on its leaving the area
South?
Life is great!!
  • #530,878
  • Jun 24, 2020 11:36pm Jun 24, 2020 11:36pm
potential bounce coming ?

Attached Image
COT: The precious data ignored
  • #530,879
  • Jun 24, 2020 11:37pm Jun 24, 2020 11:37pm
...1st test of the asian lo zone and new 1hr asc t/line
Trader with an Edge.
  • #530,880
  • Jun 24, 2020 11:38pm Jun 24, 2020 11:38pm
Just a thought. Yesterday, Tokyo high was 2542 but London's was 2536. This is a rarity. London or New York normally surpasses the high or low of
Tokyo/Asia on a daily basis. So, will it be surprising if we see 2550 today?

Meanwhile, the old H1 average at 2405 has halted the bears' push in this Frankfurt session. If it holds, the similar average at 2450 is the next port of call
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