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Cable Update (GBPUSD)

  • #531,841
  • Jun 29, 2020 10:22am Jun 29, 2020 10:22am
Final move by Bulls, brace for impact in the asian session. Bears get ready
WARNING: This post warps space and time in its vicinity.
  • #531,842
  • Jun 29, 2020 10:25am Jun 29, 2020 10:25am
Quoting despichtt
{quote} Cover rally comming; euro already popping as well Or just death cat bounce?
I first skrewed the pop, shy 1pip from my first TP(DS1) to just eat my stop (

Second one better result; felt almost like a banker from weekly pivot ))
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Life is great!!
  • #531,843
  • Jun 29, 2020 10:35am Jun 29, 2020 10:35am
19:28 (US) CDC reports 41.1K new coronavirus cases, US total now at 2.55M - Source TradeTheNews.com
- Reports 885 new deaths; total now 126.4K - Source TradeTheNews.com

Horrible numbers in comparison with last mondays 292
Life is great!!
  • #531,844
  • Jun 29, 2020 10:37am Jun 29, 2020 10:37am
It was bound to happen. The hi-lo on M5 has now manifested. Let's see how the bulls will respond
  • #531,845
  • Jun 29, 2020 10:39am Jun 29, 2020 10:39am
I have not much of a long game at all but usually when its this weak on Monday, Thuesday also just as weak when no real game changers

Youd fency the pivot cluster at the pink horizontal this week to reach somewhere
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Life is great!!
  • #531,846
  • Jun 29, 2020 11:06am Jun 29, 2020 11:06am
20:00 (US) Houston ICU beds are 95% full (prior 93%) - Texas Medical Center - Source TradeTheNews.com
Life is great!!
  • #531,847
  • Jun 29, 2020 11:10am Jun 29, 2020 11:10am
Quoting morfes2
{quote} https://youtu.be/IY2bSepNfAo
Inserted Video
  • #531,848
  • Jun 29, 2020 11:13am Jun 29, 2020 11:13am
Quoting sgkrishn
{quote} because u don't have patience at all and seriously that's the fucking thing every one ruining thier accounts.
what can i say ?
there were 4 look alike bullish candles on a support area , 3 dojis and 1 engulfing candle , and then a sudden drop , the crooks played me one more time
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yes yes yes
  • #531,849
  • Edited 1:38pm Jun 29, 2020 11:26am | Edited 1:38pm
Quoting Georginson
Bought at 1.2315...second buy limit at 1.2283... Target 1.2420...stop not defined...
I always find fun on this thread 
Long ehh

Why don't you put stops below 1.15 1.20 and target 1.45 

Like your friend Onlinus


Yes my target is 1.15. Sue me
Beware of robber banks (RB), bad advisors.
  • #531,850
  • Jun 29, 2020 11:38am Jun 29, 2020 11:38am
Is it minor pullback or reversal?
Good Plan. Good Mindset.
  • #531,851
  • Jun 29, 2020 11:49am Jun 29, 2020 11:49am
I need to be going downwards 10 pips.
Risk Management is of utmost importance!
  • #531,852
  • Jun 29, 2020 11:58am Jun 29, 2020 11:58am
Quoting Moty
{quote} what can i say ? there were 4 look alike bullish candles on a support area , 3 dojis and 1 engulfing candle , and then a sudden drop , the crooks played me one more time {image}{image}
Ya brother I got it. I need to say this u r good in your own analysis.hope everyone admire at your work and details u shared here.
On seeing your lots of charts and trades you lost many trades by impatience. You are trying to catch every pips which are done by all sort of trades.
IMHO u please try to concentrate on long time trades instead of putting so many lots try to put smaller lots and catch big profits.
Many times I have watched you 70% u are in right side but due to your lot positions u insisted to switch positions on wrong side.
Just for few days try to trade on higher time frames.
You will 100% positive trades.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #531,853
  • Jun 29, 2020 12:27pm Jun 29, 2020 12:27pm
Quoting sgkrishn
{quote} Ya brother I got it. I need to say this u r good in your own analysis.hope everyone admire at your work and details u shared here. On seeing your lots of charts and trades you lost many trades by impatience. You are trying to catch every pips which are done by all sort of trades. IMHO u please try to concentrate on long time trades instead of putting so many lots try to put smaller lots and catch big profits. Many times I have watched you 70% u are in right side but due to your lot positions u insisted to switch positions on wrong side....
Chasing the trade is disaserous
let price come to you
in wondering about yourself, you forgot what you came here to be part of
  • #531,854
  • Jun 29, 2020 12:37pm Jun 29, 2020 12:37pm
Quoting WizardTrade
{quote} It surely was a fake one.
Said it from the word go . Easy ride foe me it just added to my another lot of homework.
  • #531,855
  • Jun 29, 2020 12:53pm Jun 29, 2020 12:53pm
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we are in long at this time coming upto the resistance
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  • #531,856
  • Jun 29, 2020 12:54pm Jun 29, 2020 12:54pm
Quoting trumps
{quote} Or it might just keep tumbling
Pattern to below
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Compulsions can be hard to resist
  • #531,857
  • Jun 29, 2020 1:03pm Jun 29, 2020 1:03pm
Prices entering into sell zone again. The last sell should target 2200 (June range will be 600pips-overextended). After the market should buy.

Just an assumption. I will wait for PA.
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Le$$ I$ More
  • #531,858
  • Edited 1:43pm Jun 29, 2020 1:30pm | Edited 1:43pm
Just a quick visit to desk to update supp/res charts ahead of London's open tomorrow (less to do in prep tomorrow.) Weekly S1 , that 50% extension of Friday's move and the base of the previous dly swing lo then hi caught the probable lo of today just shy of that 76.4% 2072-2813 @/around 2247....with a nice pullback so far. Daily chart is below.

A strong move off the probable daily hi that blew through the potential supports save for a small scalpy pullback at some..... It was a classic case of 'trying to catch a falling knife/running in front of a steamroller to pick up pennies' if your aims were more than scalps re longs - except at the end of course 'when it bends.' - and beyond the 30 day adr so mostly good for a pullback or more and a hi-prob trade in this respect. Plenty of hi-prob opportunities to get with the trend as it kept selling.

Fundamentally it's all very covid flare-up (both sides of the pond) and more specifically re £ brexit stuff, and to a lesser extent (for now at least - I am sure it will have it's day re the markets) govt debt, borrowing and the post covid recession / bounce back (or not as the case may be.)

Hope everyone had a good day and didn't get caught by those feckin 'crooks' printing PB /hammer-esq candles a little higher up.

Hasta Martes.
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Trader with an Edge.
  • #531,859
  • Jun 29, 2020 1:52pm Jun 29, 2020 1:52pm
Quoting OnlineAddict
{quote} I think we started the path towards 2260. But, of course, pound has its own mind and can do a few scares before that. I would prefer if it didn't.
I got my 2260, so no shorts anymore. Now looking for long setups into 2550.
Everyone can see the chart, but only a few can actually read it.
  • #531,860
  • Jun 29, 2020 1:54pm Jun 29, 2020 1:54pm
Hmmm cable still pushing..
should of held longs for extra few pips lol
time for bed, be back at premarket

see where chart is then
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