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Cable Update (GBPUSD)

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  • Post #596,401
  • Quote
  • May 20, 2021 12:39pm May 20, 2021 12:39pm
  •  montygoldy
  • Joined May 2017 | Status: Intermediate Trader | 2,010 Posts
bears are always frustrating...
Extreme gut feeling trader
MontyGoldy - Road to 100k Return This Week: na
 
 
  • Post #596,402
  • Quote
  • May 20, 2021 12:40pm May 20, 2021 12:40pm
  •  Pipa1
  • Joined May 2021 | Status: Member | 424 Posts
GU found strong resistance above 750.Bear party again.
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I'm The Real Deal Quant-XR ,The Financial Hacker
 
 
  • Post #596,403
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  • May 20, 2021 12:43pm May 20, 2021 12:43pm
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 5,922 Posts | Online Now
Quoting Pipa1
Disliked
GU found strong resistance above 750.Bear party again.
Ignored
bears riding their luck again
 
 
  • Post #596,404
  • Quote
  • May 20, 2021 1:05pm May 20, 2021 1:05pm
  •  windows1087
  • | Joined May 2021 | Status: Member | 37 Posts
something will happen...i have it in my blood
 
 
  • Post #596,405
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  • May 20, 2021 1:15pm May 20, 2021 1:15pm
  •  Lupin.III
  • | Joined May 2021 | Status: Member | 19 Posts
Quoting Pipa1
Disliked
GU found strong resistance above 750.Bear party again.{image}
Ignored
Hi Pipa1 What is this program you use I can ask? thank you
 
 
  • Post #596,406
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  • May 20, 2021 1:26pm May 20, 2021 1:26pm
  •  samyy
  • | Joined Jul 2020 | Status: Member | 2 Posts
if GU trades back to 41990, i might go short again.
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  • Post #596,407
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  • May 20, 2021 1:33pm May 20, 2021 1:33pm
  •  Tekin
  • Joined Jul 2018 | Status: Member | 1,334 Posts
Quoting Tekin
Disliked
{quote} i quit huge positions according to my account with small profit (one mistake can be done 1 time). reason is picture {image}
Ignored

I have sell all fibo points but still to much seller seems hard to drop
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  • Post #596,408
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  • May 20, 2021 1:37pm May 20, 2021 1:37pm
  •  Pipa1
  • Joined May 2021 | Status: Member | 424 Posts
Dear bulls , say hello to my little friend!
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I'm The Real Deal Quant-XR ,The Financial Hacker
 
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  • Post #596,409
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  • May 20, 2021 1:38pm May 20, 2021 1:38pm
  •  GreyInvest
  • | Joined May 2019 | Status: Member | 15 Posts
GBPUSD will rise...
There is no point to sell right now
(Current situation, will check tomorrow)
 
2
  • Post #596,410
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  • May 20, 2021 1:39pm May 20, 2021 1:39pm
  •  windows1087
  • | Joined May 2021 | Status: Member | 37 Posts
the candles looking weird...is the storm coming?
 
1
  • Post #596,411
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  • May 20, 2021 1:44pm May 20, 2021 1:44pm
  •  GreyInvest
  • | Joined May 2019 | Status: Member | 15 Posts
These are our current position recommendations from our tool if someones interested
As you now, it can change from minute to minute

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  • Post #596,412
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  • Edited 1:55pm May 20, 2021 1:44pm | Edited 1:55pm
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,481 Posts
Quoting windows1087
Disliked
the candles looking weird...is the storm coming?
Ignored
This is a pretty dead time in FX. Advise to switch it off and forget about opening positions after 17:00 BST. Volume will pick up again around 01:00 BST.

Anyone wondering if they could have got in on that buy. Personally I'd just booked my profit from the sell and wasn't thinking quickly enough to reverse. We had a double bottom with MACD divergence, if you see these on a support or demand level (round number here for added confluence), then it's a very good LTF reversal signal. Probably the divergence would be on whatever oscillator etc you use. I could not have foreseen such a big rise today though and usually would only hold to the nearest resistance/supply.

https://www.tradingview.com/x/M612VdAJ/
 
3
  • Post #596,413
  • Quote
  • May 20, 2021 1:52pm May 20, 2021 1:52pm
  •  mtako
  • Joined Sep 2020 | Status: Member | 4,722 Posts
Bought @ 4177 7 pips SL 299 pips TP


!!!!!
If I don't mention SL and TP = longer-term setup possibly in the works!
 
2
  • Post #596,414
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  • May 20, 2021 1:53pm May 20, 2021 1:53pm
  •  marshallanda
  • | Joined Apr 2021 | Status: Member | 6 Posts
Quoting mysterio
Disliked
{quote} This is a pretty dead time in FX. Advise to switch it off and forget about opening positions after 17:00 BST. Volume will pick up again around 01:00 BST.
Ignored
Sounds like good advice from an experienced trader!
Thanks, Darion
 
1
  • Post #596,415
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  • May 20, 2021 2:13pm May 20, 2021 2:13pm
  •  parshal
  • | Joined Jan 2021 | Status: Member | 347 Posts
So far good. I closed my earlier position this week with TP 1.4205
Today I opened a new position at 1.4120 with TP 1.429x
My observation may be wrong but intent correct. Stay calm!
 
1
  • Post #596,416
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  • May 20, 2021 2:17pm May 20, 2021 2:17pm
  •  Moty
  • Joined Dec 2017 | Status: Member | 21,593 Posts
unbelievable
after a very nice drop yesterday , price conciliated for a while , and instead of continue to drop , it reversed
and go up , breaking the average daily range , leaving me with a sell position at the low of the day
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  • Post #596,417
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  • May 20, 2021 2:19pm May 20, 2021 2:19pm
  •  Nordling
  • Joined Apr 2021 | Status: Complicated. | 3,086 Posts
Quoting Pipa1
Disliked
Dear bulls , say hello to my little friend!{image}
Ignored
Who exactly? Hahaha
TRACK RECORD: https://l24.im/AFm9qY
 
 
  • Post #596,418
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  • May 20, 2021 2:19pm May 20, 2021 2:19pm
  •  GreyInvest
  • | Joined May 2019 | Status: Member | 15 Posts
Quoting Moty
Disliked
unbelievable after a very nice drop yesterday , price conciliated for a while , and instead of continue to drop , it reversed and go up , breaking the average daily range , leaving me with a sell position at the low of the day {image}
Ignored
Thatīs whats gonna happen if traders trade against the banks.
Anyways, interesting to read what you think/thought of the market.
Will continue to read.

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  • Post #596,419
  • Quote
  • May 20, 2021 2:34pm May 20, 2021 2:34pm
  •  Nordling
  • Joined Apr 2021 | Status: Complicated. | 3,086 Posts
Quoting Nordling00
Disliked
This is a great opportunity to buy, sellers. Be careful.
Ignored
Quoting Nordling00
Disliked
{quote} I didn't have time to elaborate on that and i just had time to take an eye at FOMC Minutes. And it says: "...the Board of Governors voted unanimously to leave the interest rates on required and excess reserve balances at 0.10 percent. The Board of Governors also voted unanimously to approve establishment of the primary credit rate at the existing level of 0.25 percent, effective April 29, 2021." So USD will continue losing it's value. And the down move in GBP/USD today is nothing but a pullback. Just like last week's CPI data. That's why...
Ignored
Yeah just as i expected yesterday looks like a pullback now. Of course we will see if it's going to pass these levels and make new higher highs. I think it will though, I am holding my long. Good luck everyone!
TRACK RECORD: https://l24.im/AFm9qY
 
 
  • Post #596,420
  • Quote
  • May 20, 2021 2:37pm May 20, 2021 2:37pm
  •  Moty
  • Joined Dec 2017 | Status: Member | 21,593 Posts
Quoting GreyInvest
Disliked
{quote} Thatīs whats gonna happen if traders trade against the banks. Anyways, interesting to read what you think/thought of the market. Will continue to read. {image}
Ignored
i thing that bulls took over and will continue to go up tomorrow or on Monday
after a retracement
that's why i am staying at this trade and will exit when price touch the band ( the band is envelope 27 sma , deviation 0.02)
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maybe the way to trade is on the 5 m chart , without long tern view
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