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Cable Update (GBPUSD)

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  • Post #595,061
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  • May 14, 2021 5:54am May 14, 2021 5:54am
  •  dimitricss
  • Joined Mar 2017 | Status: american cichlid lover | 1,302 Posts
Quoting mysterio
Disliked
{quote} Maybe drawing a huge arrow will help move price, this usually works pretty good for me. Numbered circles are last 3 trades all short {image}
Ignored
Trade with prediction = witch with her visions lol
 
1
  • Post #595,062
  • Quote
  • May 14, 2021 5:55am May 14, 2021 5:55am
  •  Leesi
  • | Joined Nov 2017 | Status: Member | 947 Posts
Quoting mysterio
Disliked
{quote} Maybe drawing a huge arrow will help move price, this usually works pretty good for me. Numbered circles are last 3 trades all short {image}
Ignored
So 1.14110 to expect today else monday..
All say sell... Sell.. And smart money buying it
 
 
  • Post #595,063
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  • May 14, 2021 5:57am May 14, 2021 5:57am
  •  nAVIN2007
  • Joined Dec 2007 | Status: mac daddy junior :) | 20,841 Posts
Quoting babayaga
Disliked
two last Fridays let's see what it brings today {image}
Ignored

Your fib is the wrong way round, its obviously not retrace 61.8 that way up
 
2
  • Post #595,064
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  • May 14, 2021 6:02am May 14, 2021 6:02am
  •  parshal
  • | Joined Jan 2021 | Status: Member | 347 Posts
Quoting parshal
Disliked
{quote} So far good
Ignored
TP set to 1.4205 now
SL will be close manually based on PA
My observation may be wrong but intent correct. Stay calm!
 
1
  • Post #595,065
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  • May 14, 2021 6:11am May 14, 2021 6:11am
  •  Ihlas
  • Joined Nov 2020 | Status: Member | 2,231 Posts
Quoting Ihlas
Disliked
{quote} Closed two postions one with - and one with +. A little profit. And selling again at the 1.40700.
Ignored
Selling closing
Selling closing
Repeat
Very good scalping till the news and down after the news

Quoting mysterio
Disliked
{quote} Maybe drawing a huge arrow will help move price, this usually works pretty good for me. Numbered circles are last 3 trades all short {image}
Ignored
Haha. That may help
 
2
  • Post #595,066
  • Quote
  • May 14, 2021 6:17am May 14, 2021 6:17am
  •  Nd10
  • Joined Mar 2019 | Status: Member | 1,374 Posts
Bug at 1.4070. Tp around 1.412. Hopefully
 
 
  • Post #595,067
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  • May 14, 2021 6:17am May 14, 2021 6:17am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,731 Posts
Quoting Ihlas
Disliked
{quote} Selling closing Selling closing Repeat Very good scalping till the news and down after the news {quote} Haha. That may help
Ignored
Yes, this is the way to go man. Keep vacuuming up the pips. Then you can be done and dusted in time for the news, just leaving a runner with SL at breakeven. If you're wrong then fine you already made your daily target with high probability scalps. Some people say you have to wait for a breakout but I like these kinds of conditions with price just bouncing around S&D zones
 
3
  • Post #595,068
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  • May 14, 2021 6:19am May 14, 2021 6:19am
  •  KiwiTrada
  • Joined Aug 2009 | Status: Member | 12,448 Posts
perhaps worthy of mention geppy is struggling with UTL of rising channel (daily) if it holds could support stirling weakness!!!!!
If you are new to Forex? Say Goodbye to your account!!
 
 
  • Post #595,069
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  • May 14, 2021 6:30am May 14, 2021 6:30am
  •  Ihlas
  • Joined Nov 2020 | Status: Member | 2,231 Posts
Quoting mysterio
Disliked
{quote} Yes, this is the way to go man. Keep vacuuming up the pips. Then you can be done and dusted in time for the news, just leaving a runner with SL at breakeven. If you're wrong then fine you already made your daily target with high probability scalps. Some people say you have to wait for a breakout but I like these kinds of conditions with price just bouncing around S&D zones
Ignored
As always right to the point bro. Keep up the good work.
I'm targeting the black box. ) Will set at BE before the new.
Attached Image (click to enlarge)
Click to Enlarge

Name: GBPUSDM15.png
Size: 35 KB
 
2
  • Post #595,070
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  • May 14, 2021 6:31am May 14, 2021 6:31am
  •  nAVIN2007
  • Joined Dec 2007 | Status: mac daddy junior :) | 20,841 Posts
Quoting KiwiTrada
Disliked
unusual looking but cad may have printed inverted H&S right shoulder 2130 - 2136??? usd may be gaining traction, also odd cable been struggling to rally while many us prs flopping?? "if" usd is gaining cable should drop maybe stirling and usd faltered at same tine???
Ignored

market is at the bus station taking in the passengers both buying and selling, which way it goes is only the way. I have observing the market since i returned in here and i have seen, at any point there is no definate direction unless it breakouts and u follow it.

The close on yesterday daily is the resistance..I am in a trade inclined for south looking for 1.35 - 1.32
I think (guess) the monthly will reject and go south

The key is 1.4 needs to go
 
3
  • Post #595,071
  • Quote
  • May 14, 2021 6:33am May 14, 2021 6:33am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,731 Posts
Quoting Ihlas
Disliked
{quote} As always right to the point bro. Keep up the good work. I'm targeting the black box. ) Will set at BE before the new. {image}
Ignored
Yes, exactly the same here.. couple of quick short scalps from 1.4070 and that's enough for a Friday. I leave a runner to target 1.3985-1.4005 with stop at BE. My Friday trading plan was just fade the morning fakeout(?) then let the news play out however it will.
 
2
  • Post #595,072
  • Quote
  • May 14, 2021 6:56am May 14, 2021 6:56am
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 6,579 Posts
Bulls popping into say hi?
 
 
  • Post #595,073
  • Quote
  • May 14, 2021 7:03am May 14, 2021 7:03am
  •  pipfarm
  • Joined Oct 2010 | Status: Member | 3,161 Posts | Online Now
Comparing most majors i would say broadly we are in retest mode and most probably the big news at 1.30 should push them opposite to the way they are travelling now
Follow The Markets Structure - Patience and Discipline
 
3
  • Post #595,074
  • Quote
  • May 14, 2021 7:09am May 14, 2021 7:09am
  •  Bartosz77
  • Joined Aug 2016 | Status: Member | 353 Posts
Quoting BeeTogether
Disliked
Bulls popping into say hi?
Ignored
I think it's only to clear 1.40807. After that I would like to go south to 1.39824...
Account open on 2021-03-01
 
2
  • Post #595,075
  • Quote
  • Edited 7:37am May 14, 2021 7:09am | Edited 7:37am
  •  Bones
  • Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 22,555 Posts
Quoting Nordling00
Disliked
{quote} Yeah it is against my posts. But like i said, i also know that people bought USD hoping that FED will raise interest rates. So Cable didn't went down because inflation is a good thing, interest rates are good and they depend on that rate decision. But they will vanish if FED does not raise the rates. So my point is: Inflation is bad, interest rate is good. And they bought USD for the interest rate part, because inflation is a bad thing without interest rates. Inflation itself alone is bad for the currency if there's no interest rate increase...
Ignored
So yea the FED is a bank at the top of a tree ,their rate is Fed to Bank or Bank to Bank.The Fed is the last resort lender, your in big trouble to approach that window.
Then the open market is literately everyone else (in the world)including government .Yields are up already and would be higher without the FED buying debt in the open market.
The Fed could hold the rate @ zero forever ,that won't hold rates down depending on the data.Its all data driven .

agreed
Inflation is bearish ,but the answer is bullish
#doyourownanalysisordietryin
 
 
  • Post #595,076
  • Quote
  • May 14, 2021 7:09am May 14, 2021 7:09am
  •  babayaga
  • Joined Aug 2010 | Status: Member | 2,525 Posts
holding buy
added gj ( probably she com to 155 , ...target for now: 154.06, 154.10,154.40 and free one)
..........cable: 1.4090, 1.4128, and free one

Attached Image(s) (click to enlarge)
Click to Enlarge

Name: gbpusdmicro-h4-xm-global-limited.png
Size: 38 KB
Click to Enlarge

Name: gbpjpymicro-h4-xm-global-limited-3.png
Size: 37 KB
dolce vita
 
1
  • Post #595,077
  • Quote
  • May 14, 2021 7:09am May 14, 2021 7:09am
  •  KiwiTrada
  • Joined Aug 2009 | Status: Member | 12,448 Posts
Quoting nAVIN2007
Disliked
{quote} market is at the bus station taking in the passengers both buying and selling, which way it goes is only the way. I have observing the market since i returned in here and i have seen, at any point there is no definate direction unless it breakouts and u follow it. The close on yesterday daily is the resistance..I am in a trade inclined for south looking for 1.35 - 1.32 I think (guess) the monthly will reject and go south The key is 1.4 needs to go
Ignored
yep, she ranging east for last 4 months, looking left (monthly) jan feb march april 2018, is repeating, slightly lower which possibly bulls running out of steam or could be 1 more push into the zone printed 2018 4344 - 4375, Im trading weakening bulls, agree about 1 40, geppy also in resistance zone 154 00 - 154 40 this weeks close will help for next weeks / months trading
If you are new to Forex? Say Goodbye to your account!!
 
1
  • Post #595,078
  • Quote
  • May 14, 2021 7:13am May 14, 2021 7:13am
  •  FrazerInvest
  • | Joined May 2021 | Status: Junior Member | 1 Post
Quoting Headland
Disliked
Why US Retail Sales will Rock the Markets Friday | BK Asset Management ------------------------------------- meantime, {image}
Ignored
Great article, hopefully there are some good numbers to go with it.
 
 
  • Post #595,079
  • Quote
  • May 14, 2021 7:15am May 14, 2021 7:15am
  •  dimitricss
  • Joined Mar 2017 | Status: american cichlid lover | 1,302 Posts
its going to 141xx...?



will short there...
Trade with prediction = witch with her visions lol
 
 
  • Post #595,080
  • Quote
  • May 14, 2021 7:16am May 14, 2021 7:16am
  •  nAVIN2007
  • Joined Dec 2007 | Status: mac daddy junior :) | 20,841 Posts
Quoting KiwiTrada
Disliked
{quote} yep, she ranging east for last 4 months, looking left (monthly) jan feb march april 2018, is repeating, slightly lower which possibly bulls running out of steam or could be 1 more push into the zone printed 2018 4344 - 4375, Im trading weakening bulls, agree about 1 40, geppy also in resistance zone 154 00 - 154 40 this weeks close will help for next weeks / months trading
Ignored
 
 
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