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Cable Update (GBPUSD)

  • #531,601
  • Jun 28, 2020 1:43pm Jun 28, 2020 1:43pm
Quoting Not-KPMG
{quote} You mean the British will get poorer and poorer, now that the Empire is all gone and no foreign lands (America, india) to rob ? ? I feel bad for you Like this Brexit - voted the Brexit puppeteers, now have to dance to the clown music And why go anywhere???? Brexit, borders, stay home, have your pie . . No EXPENSIVE Spanish places,...
Thats too true, but its fun, lots of illegal parties this summer in the uk, football riots, general disorder and complete ambivalence to covid 19 and brexit
  • #531,602
  • Jun 28, 2020 1:55pm Jun 28, 2020 1:55pm
I am technically more bearish GBPUSD than bullish. Here's why, from a technical perspective. On the daily time frame, the order flow showed the impulse favours bears. Price action has broken down the 78.6 and 61.8 Fib retracement of the downward swing from 1.31160 to 1.14090, and, technically, we can expect the 50 and 38.2 Fib to follow. On the H4 timeframe, technicals favour bears. Price action is operating within a falling channel (blue) and presently disposed southwards.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #531,603
  • Jun 28, 2020 2:06pm Jun 28, 2020 2:06pm
Attached Image (click to enlarge)
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Quoting KeenPips
I am technically more bearish GBPUSD than bullish. Here's why, from a technical perspective. On the daily time frame, the order flow showed the impulse favours bears. Price action has broken down the 78.6 and 61.8 Fib retracement of the downward swing from 1.31160 to 1.14090, and, technically, we can expect the 50 and 38.2 Fib to follow. On the H4 timeframe, technicals favour bears. Price action is operating within a falling channel (blue) and presently disposed southwards. I may be wrong. Trade safe and prosper. KP {image} {image}
Hi yes your chart is what i posted to Trump . Price breaks out but confirms to the high side . So traders not seeing this call it a trap . It’s not is just how the markets work . So when we start to see price break and confirm high the that’s a trans change . Good charts . Regards E
  • #531,604
  • Jun 28, 2020 4:20pm Jun 28, 2020 4:20pm
dead cat bounce..."retail therapy"?
  • #531,605
  • Jun 28, 2020 5:48pm Jun 28, 2020 5:48pm
Quoting elbert3
{image}{quote} Hi yes your chart is what i posted to Trump . Price breaks out but confirms to the high side . So traders not seeing this call it a trap . It’s not is just how the markets work . So when we start to see price break and confirm high the that’s a trans change . Good charts . Regards E
i WILL add something.

The low should hold .

your observation is fantastic.
Intraday only.
  • #531,606
  • Jun 28, 2020 5:49pm Jun 28, 2020 5:49pm
Quoting navk
{quote} i WILL add something. The low should hold . your observation is fantastic.
I bought it, i hope it valid.
  • #531,607
  • Jun 28, 2020 5:51pm Jun 28, 2020 5:51pm
Quoting Gilaforex13
{quote} I bought it, i hope it valid.
valid
Intraday only.
  • #531,608
  • Jun 28, 2020 5:55pm Jun 28, 2020 5:55pm
Quoting navk
{quote} valid
Failed LL on H1. Thats mean bull.
  • #531,609
  • Jun 28, 2020 5:58pm Jun 28, 2020 5:58pm
Quoting elbert3
{image}{quote} Hi yes your chart is what i posted to Trump . Price breaks out but confirms to the high side . So traders not seeing this call it a trap . It’s not is just how the markets work . So when we start to see price break and confirm high the that’s a trans change . Good charts . Regards E
CheCK 22nd june PA.

same price, same bounce.
Intraday only.
  • #531,610
  • Jun 28, 2020 6:00pm Jun 28, 2020 6:00pm
Quoting Gilaforex13
{quote} Failed LL on H1. Thats mean bull.
see
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Intraday only.
  • #531,611
  • Jun 28, 2020 6:12pm Jun 28, 2020 6:12pm
Quoting navk
{quote} see {image}
as always buying Monday and Tuesday
  • #531,612
  • Jun 28, 2020 6:16pm Jun 28, 2020 6:16pm
Quoting epzero
{quote} as always buying Monday and Tuesday
NOT the right theory to trade.

But yes, the price does opposite on mondays and tuesdays.
Intraday only.
  • #531,613
  • Jun 28, 2020 7:44pm Jun 28, 2020 7:44pm
i just closed my longs. Will retake longs in franfurt drop.
Attached Image (click to enlarge)
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Intraday only.
  • #531,614
  • Jun 28, 2020 7:46pm Jun 28, 2020 7:46pm
Quoting navk
i just closed my longs. Will retake longs in franfurt drop.
im waiting GU to retrace or sell it at 1.2410.
good day all
row row row your boat
  • #531,615
  • Jun 28, 2020 9:42pm Jun 28, 2020 9:42pm
SELL executed @ 1.2365
Take profit 1.2080
Holding time 2 weeks.
More sell stops @ 1.2312, 1.2265 and 1.2180
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #531,616
  • Jun 28, 2020 10:00pm Jun 28, 2020 10:00pm
Quoting sgkrishn
SELL executed @ 1.2365 Take profit 1.2080 Holding time 2 weeks. More sell stops @ 1.2312, 1.2265 and 1.2180
no more sell limits?

Only sell stop?

If the price goes up... if goes up, how you manage? Just academic interest.

I expect price to go minimum 2411 today.
Intraday only.
  • #531,617
  • Jun 28, 2020 10:00pm Jun 28, 2020 10:00pm
Quoting OnlineAddict
{quote} I did that with Roboforex(1:2000 leverage), its a fun ride. First trade...6 pip drawdown kills the account, so...
Good luck with your project dude. Are you gonna be running updates here? Really interested to see how you handle scaling up position sizes as the account grows.

Focus.
  • #531,618
  • Jun 28, 2020 10:22pm Jun 28, 2020 10:22pm
rubber dead cat
  • #531,619
  • Jun 28, 2020 10:23pm Jun 28, 2020 10:23pm
An early signal for me. Bullish Engulfing Pattern formed. So I am long. Target will be the previous day high 2436.
This week will be tricky but we will manage the mess with Range Analysis.
Safe
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Le$$ I$ More
  • #531,620
  • Jun 28, 2020 10:23pm Jun 28, 2020 10:23pm
Bounced to swing trade @1.2382 then down....
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
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