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Cable Update (GBPUSD)

  • #597,781
  • May 27, 2021 12:13am May 27, 2021 12:13am
Quoting Rahmandorai
Symmetric Triangle What do you guys think? {image}
Hello Bro, please is the trendline automated or you manually plotted it ?
  • #597,782
  • May 27, 2021 12:15am May 27, 2021 12:15am
Quoting Nordling00
This week is one of the most boring weeks this year. Market is moving like a turtle. They say boring trades are the best trades though. I used to think Forex is very fast when i was a newbie. Now it's so boring that i sleep in front of the screen whether if i am losing or winning. I hope today's US GDP data wakes up the market. Old man should move in order to stay fit and healthy.
Markets change and evolve over time. Ten years ago, Non-Farm Payroll news would make the Cable spike 200-300 pips (great if you were on the right side of the trade, not so good if you weren't). These days you're lucky if the same news moves the market by 20-30 pips. The markets reaction to news has changed over time.

Then came the credit crunch of 2008 and the volatility in the Cable was high, with big intraday moves. Now the markets are going through a calm period with smaller moves. That's not to say that volatility will not return to the market - it's a bit like the calm after the storm, but the storm may return at some point - we just don't know when.
  • #597,783
  • May 27, 2021 12:16am May 27, 2021 12:16am
OIL is going back to 60, on the last drop to 61+ didn't hit the buyers.
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #597,784
  • May 27, 2021 12:18am May 27, 2021 12:18am
Quoting maheeee
{quote} lets see whether it hold or not.... bear is too weak, its struggling to go down....
It has been 5 days of selling and price has hardly broken 1.4100... just one surge and we may clear 1.4250 before final uninterrupted fall to 1.34 area.
Data + Stat + Risk/Emotions Management
  • #597,785
  • May 27, 2021 12:21am May 27, 2021 12:21am
Bulls until DXY touches 89.70ish for retest then all out bear on GU after that, possibly around 1.4150s, will look for a good spot- may be a bit higher

dxy nearly always does retest after breaking major TL hence bulls first on GU https://www.tradingview.com/x/FNe1rYrj/
  • #597,786
  • May 27, 2021 12:24am May 27, 2021 12:24am
Quoting Sang.Real
{quote} How come you don't have side burn like Mungo Jerry. I though most men in UK are with side-burn to look cool. {image}

make me hot when I trade
  • #597,787
  • May 27, 2021 12:25am May 27, 2021 12:25am
Quoting nAVIN2007
{quote} make me hot when I trade
Great to see you back and active again Nav
Compulsions can be hard to resist
  • #597,788
  • May 27, 2021 12:26am May 27, 2021 12:26am
Quoting navk
{quote} this is ofcourse valid for me.
This can go up more...however, my TP is at pivot. 1.4135
Intraday only.
  • #597,789
  • May 27, 2021 12:26am May 27, 2021 12:26am
...there is potential for 1hr bearish hidden div to develop below 4176 on any deeper pullback - not developed on my osc's yet though. Price back inside 'the triangle' again.
Trader with an Edge.
  • #597,790
  • May 27, 2021 12:30am May 27, 2021 12:30am
Quoting JillyB
{quote} Markets change and evolve over time. Ten years ago, Non-Farm Payroll news would make the Cable spike 200-300 pips (great if you were on the right side of the trade, not so good if you weren't). These days you're lucky if the same news moves the market by 20-30 pips. The markets reaction to news has changed over time. Then came the credit crunch of 2008 and the volatility in the Cable was high, with big intraday moves. Now the markets are going through a calm period with smaller moves. That's not to say that volatility will not return to...
Well you are right, too much volatility is also dangerous and if you get caught in the wrong direction; say bye bye to your account.

We need a healthy amount of volatility where it is not toxic like 10 years ago, but also enough to let us make some money within a week or two. I mean i can't change that, but it would be nice if i could haha
You have to have an IQ higher than 90 to interact with this user.
  • #597,791
  • May 27, 2021 12:30am May 27, 2021 12:30am
Quoting mysterio
Bulls until DXY touches 89.70ish for retest then all out bear on GU after that, possibly around 1.4150s, will look for a good spot- may be a bit higher dxy nearly always does retest after breaking major TL hence bulls first on GU https://www.tradingview.com/x/FNe1rYrj/
ill seek the nearest first @1.4130s near that possible for bear for move , if move that high , i was curious bear is sleep and being taken by bull >.< i dont wanna see price above it or else ill full caution for that shorty
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #597,792
  • May 27, 2021 12:31am May 27, 2021 12:31am
Quoting trumps
{quote} Great to see you back and active again Nav

thanks buddy..just wetting my feet before the swim
seeing how the market is behaving, good thing seems things have not changed, at least my edge seems to work still now and again
  • #597,793
  • May 27, 2021 12:33am May 27, 2021 12:33am
Quoting nAVIN2007
{quote} thanks buddy..just wetting my feet before the swim seeing how the market is behaving, good thing seems things have not changed, at least my edge seems to work still now and again
Love watching yours and Bone's charts as always
Compulsions can be hard to resist
  • #597,794
  • May 27, 2021 12:33am May 27, 2021 12:33am
The market will be owned by Bulls . I hope I was right
Lost in Narrative
  • #597,795
  • May 27, 2021 12:38am May 27, 2021 12:38am
Quoting Georginson
{quote} It has been 5 days of selling and price has hardly broken 1.4100... just one surge and we may clear 1.4250 before final uninterrupted fall to 1.34 area.
Very Much possible. Risky trade. Scalp. Not expecting anyone to follow a demo trader.
Attached Image (click to enlarge)
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Fools Rushing
  • #597,796
  • May 27, 2021 12:38am May 27, 2021 12:38am
Rocket launch is postponed. Trade safe. Violated the rules
  • #597,797
  • May 27, 2021 12:40am May 27, 2021 12:40am
Quoting Nordling00
{quote} Well you are right, too much volatility is also dangerous and if you get caught in the wrong direction; say bye bye to your account. We need a healthy amount of volatility where it is not toxic like 10 years ago, but also enough to let us make some money within a week or two. I mean i can't change that, but it would be nice if i could haha
Good points.
--------------------
I think you need to adapt to changing volatility to ensure you are productive whatever the market conditions. I operate on the smaller t/f's in a couple of triple t/f combinations (1min/5min/30min and 3min/15min/1hr) but when volatility is high my trigger t/f for entry tends to be higher, typically 5min (+,) but when volatility is lower like recent times (ie 30day adr down from 130+ a few months ago to 91 today,) my typical entry trigger is 1min (+.)
Trader with an Edge.
  • #597,798
  • May 27, 2021 12:42am May 27, 2021 12:42am
Woaaah... 40 mins away from screen and it goes up nearly 30 pips! Lol
Insane in the Brain..
  • #597,799
  • May 27, 2021 12:42am May 27, 2021 12:42am
Up up and away
Crooks stopped loss the 1.41000 long positions .1.425000 it's very possible
I am long at aussi becouse i can trade bigger lot size
Attached Image (click to enlarge)
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yes yes yes
  • #597,800
  • May 27, 2021 12:42am May 27, 2021 12:42am
Quoting kris89
{quote} ill seek the nearest first @1.4130s near that possible for bear for move , if move that high , i was curious bear is sleep and being taken by bull >.< i dont wanna see price above it or else ill full caution for that shorty
I have a few levels marked out, will just have to go on the PA and not jump the gun. The move can be quite vicious when it's in this phase. You could call this the GU triangle re-test too. 1.4150-60 maaybe.
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