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Cable Update (GBPUSD)

Quoting richer
{quote} Elbert3, where exactly for today?
just put long order 5574 ,,but please trade your own trade ,, or could short 5570 just on small s/r line there
We have Mexican standoff here between bulls and bears.
Quoting Nabz
We have Mexican standoff here between bulls and bears.
yes been like that last week,, but its good for scalp trades as you can normally get a few good hits off the s/r ,, but when it goes its going to go,
i have no signal to indicate gu today, i hope it will come later
Quoting richer
i have no signal to indicate gu today, i hope it will come later
hi do you have robot or automated signals ?? looks like where trading under 5580 have to wait a bit sl is manual
Quoting elbert3
{quote} as i said not sure china news red that means the world slows down ??? lol news on gb today so it might short any rumors and long the news if it is good, as i said yesterday and look at your 4 hour price not closing over 5602 now, normally if i was at the pc i would of traded the 61% on my chart ..lol i like the way you wrote exactly ??? if only i could be so bold regards ,,,lets see
yu, just wait for the market reacting before the news
Quoting elbert3
{quote} yes been like that last week,, but its good for scalp trades as you can normally get a few good hits off the s/r ,, but when it goes its going to go,
Staying short HOmbre from yesterday at 156 000
Quoting Algorerythmn
{quote} Staying short HOmbre from yesterday at 156 000
the hard part of this fx is when you set your mind into thinking long or short it is very hard to the accept that you could be wrong so traders keep holding a losing trade, i think when you get that gut feeling that you could be wrong you should pull the trade and take the smaller hit instead of tick watching as it runs even further away from you, thats why this game is not easy .
Quoting Algorerythmn
{quote} Tricky one for sure E - but sometimes we all gonna have to take a trade that puts us out of position and comes back round near too after a few days usually get one or two a month so expected hombre Uk news tomorrow going for on par - but lets let time do the telling - right now wheres the nearest bar need one lol
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yes this is the 5580 area for now or as i posted last week a vid of trading 20- ema soo we see the 200 in green above sell in back and vice versa
price close today before news looks to be 5584, this thing could be going short
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i will work off that , but for now unfortunately today on the glorious 12th i am now 56 so thats me wife is off so i wont be on pc,,
Quoting elbert3
price close today before news looks to be 5584, this thing could be going short{image} i will work off that , but for now unfortunately today on the glorious 12th i am now 56 so thats me wife is off so i wont be on pc,,
Hey well done E guess we all now know what your doing this evening birthday boy

Anyways in this day and age the number of em is irrelevant esp with all those anti stuff creams seem they got it all covered lol

Enjoy your day sure its gonna be a vino one plus other stuff
gbp data and decision
Quoting smikester
{image} Last Thursday showed an engulfing bearish day but it did not manage to close below 1.55. This level is apparent on the monthly chart and so is an important equilibrium point. With the US and Britain both promising interest rate rises it is going to need a bit more to move this pair significantly away from this level. With the monthly showing a lower low, I suppose I would be bearish in sentiment for this pair, but shorter term, I will wait for a significant move out of this triangle before building a position.
Getting tight into this range now. Thanks J Mark for this:
Quoting J Mark
Hopefully you are not wrong. {image}
Gone to a better place
that was a nice 5 second 30 point trade on the g/u anyone else catch it?

regards damien
Quoting wendigo
that was a nice 5 second 30 point trade on the g/u anyone else catch it? regards damien
Short at 5659. Haven't close it yet though. Hoping for a continuous drop.
if that level at 5533 goes will be a nice short

regards damien
Quoting LzJustin
{quote} Short at 5659. Haven't close it yet though. Hoping for a continuous drop.
That is serious willpower holding it from 5659. Good job!!!
Quoting sharpie14
{quote} That is serious willpower holding it from 5659. Good job!!!
I held worse. Kinda used to watching the negative numbers lol. #Loser
short @15557, TP/SL 20 pips . Doesn't look good atm
Quoting wendigo
that was a nice 5 second 30 point trade on the g/u anyone else catch it? regards damien
yup got 44 pips out of that
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