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Cable Update (GBP/USD) without Idiots 23 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting mysterio
Dont think bears are finished, I'll sell up at 1.3860-70 Bounce off 4h demand zone/weekly S1/100% fib ext {image}
I think this may turn now with a bit of luck
Don't trade what you think. Just what you see!!!
Quoting Theoak
{quote} I think this may turn now with a bit of luck
Gonna wait, Euro is breaking out and dollar is sinking, I think EU will want to go up to high 1.19s so it may limit any further downside for cable this morning

Missed the bounce unfortunately I thought it would touch 1.38

I think that 60-75 zone should be good lets see how the PA is

GBP will want to sink when DXY rises though, there is buying pressure on Gilts

There is a 5m supply zone here so maybe some drop if DXY finds support around here, it's at a TL retesting area
sell 1.3840
let's see
dolce vita
thinking of selling gold ( I am afraid a little bit)
dolce vita
Quoting babayaga
sell 1.3840 let's see
https://www.mql5.com/en/charts/13620...-group-limited
... another strong bounce in this down move.....upside potential obstacles overhead. 4hr is below (gmt+3 - broker on daylight saving time now.)

EDIT: 38.2% of today's fall reached.
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Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Quoting phd893
{quote} https://www.mql5.com/en/charts/13620...-group-limited
very interesting way to draw trendline
Keep it simple, stupid.
Quoting mysterio
{quote} Gonna wait, Euro is breaking out and dollar is sinking, I think EU will want to go up to high 1.19s so it may limit any further downside for cable this morning Missed the bounce unfortunately I thought it would touch 1.38 I think that 60-75 zone should be good lets see how the PA is GBP will want to sink when DXY rises though, there is buying pressure on Gilts There is a 5m supply zone here so maybe some drop if DXY finds support around here, it's at a TL retesting area
I thought it would touch 1.38 too. I'm in a 23 pip hole at the moment and will add to the short aiming at 1.38 when I see some short term momentum, but if this keep going up will have to cut a lick wounds. Should be some resistance at 1.3840


Licking wounds!!!!! OUT
Don't trade what you think. Just what you see!!!
take short 3845
Trade with prediction = witch with her visions lol
Quoting gatenio
{quote} very interesting way to draw trendline
https://www.mql5.com/en/charts/13620...-group-limited
Drop from here 1.3848... stop 10 points target 1.3790
Come goldi take me 1740 and give me 100 $ profit
Gu revarsed up at adr low area 1.38080
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Quoting mysterio
{quote} Gonna wait, Euro is breaking out and dollar is sinking, I think EU will want to go up to high 1.19s so it may limit any further downside for cable this morning Missed the bounce unfortunately I thought it would touch 1.38 I think that 60-75 zone should be good lets see how the PA is GBP will want to sink when DXY rises though, there is buying pressure on Gilts There is a 5m supply zone here so maybe some drop if DXY finds support around here, it's at a TL retesting area
maybe not a bad idea. I got out of my long took a mini short and am careful with it...as it can go easily to 1.387
A trader is as good as his stop loss. Understand your mistakes.
Quoting Sang.Real
GU Scalping again. SNR zone entry Trade at your own risk This is only newbie entry not trade recommendation. Sang Real {image}

GU

First Scalping target/ Gap Closed

Thanks for the help from Professional Traders in this thread.

The scalping trade went well.

Wait for price action on the next move.

Using Support & Resistant Strategy.

Consolidation/Fake Out/SL Hunt ?.

Approaching YL at SNR Zone. Closing the gap

TP/Hold for next set up .?

Any suggestion ?
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Interesting they think negative...
Stimulus takes time to get out there and be spent ,but I don't think as long as the first.
So the next bar after this one I think will be a big one on the positive side.

 

  1. Did January Retail Sales soar 5.3% on stimulus payments?

"Retail Sales
Expectations for consumer spending in January were also woefully under charted. Overall Sales were forecast to rise 1.1%, they soared 5.3%; Sales ex autos were expected to gain 1%, they jumped 5.9% and the Control Group which mimics the consumption component of GDP, climbed 6% on an 0.8% estimate."

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#doyourownanalysisordietryin
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Do more of what works and less of what doesn't
Quoting Student21
{quote} maybe not a bad idea. I got out of my long took a mini short and am careful with it...as it can go easily to 1.387
Yea I think dollar has to pull back here so 1.3850 not bad for a short, also S1/YL, maybe positive USD retail data will help the push down?

Could go either way staying out for now

Looks like I missed both moves today, no bueno
morning
some scalps short at half RN 1.385 might be possible.
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If you don't know how to earn money, don't loose it.
... 15min hidden bearish div is present - probably good so long as price stays below 3875...strong bounce so far though! Regular bullish div on 1hr at current dly lo.

EDIT: 50% of the day's fall so far reached.
Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Quoting mysterio
{quote} Yea I think dollar has to pull back here so 1.3850 not bad for a short, also S1/YL, maybe positive USD retail data will help the push down? Could go either way staying out for now Looks like I missed both moves today, no bueno
But the US retail Data forecast doesn't look that well
Do more of what works and less of what doesn't
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