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Cable Update (GBPUSD)

  • #607,261
  • Jul 6, 2021 6:14am Jul 6, 2021 6:14am
Quoting OnlineAddict
3895 should be an easy target for today...easy 50 pips?
Problem is we are at that mid point. Can go upto 13890 a
or drop below 138. Nothing in the 4H to help decide either
Insane in the Brain..
  • #607,262
  • Jul 6, 2021 6:17am Jul 6, 2021 6:17am
trend magic still red
i am still short
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yes yes yes
  • #607,263
  • Jul 6, 2021 6:18am Jul 6, 2021 6:18am
flip long stop 46 short order on same place
  • #607,264
  • Jul 6, 2021 6:18am Jul 6, 2021 6:18am
Quoting Moty
trend magic still red i am still short {image}
Moty you have pivots on yet you bought at R2 and sold at pivot? Whats the point in having pivot levels on if you are not going to use them?
  • #607,265
  • Jul 6, 2021 6:26am Jul 6, 2021 6:26am
... 5min bearish hidden div present valid if price holds below 3860. No real 30min (+) downtrend to enter after a p/back and 5min fractal prints from the lo have been LL, LH, HL, H, HL, HH, HL, HH - so not optimum all told.
Trader with an Edge.
  • #607,266
  • Jul 6, 2021 6:28am Jul 6, 2021 6:28am
Quoting randu
{quote} Give me a light why not buy in blue circle? {image}
The blue circle is formerly was Compression zone clear by Institutional Trader buying.

It was also a flag limit and was engulf after a surge on 5th Jul.
It is important to note that engulf of FL is only an indication that price wants to see the next zone,
Where there a tricks can be played during FL.

On H4 to the left is BUEOB and the same time price is hitting SSR ( Significant Support & Resistance Zone)

The circle area is not SSR, just a filled demand zone after the compression/Flag limit.

Trendline on LTF look like holding. But price break the TL making its ways as Fake Out, caught early buyer to small "kink" on M30.

Yesterday price was ranging and making FTR with price cap below.

Today it broke up and return as FTB. That's the area where orders/stop loss accumulated.

I simply focus on applying order flow concepts with FL / FTR /FTB/ Kink/ Engulf.

I hope you are fimiliar with those terms mentioned above.

I used H4 and M30 for analyzing
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #607,267
  • Jul 6, 2021 6:40am Jul 6, 2021 6:40am
Quoting Pat Chiko
{quote} The blue circle is formerly was Compression zone clear by Institutional Trader buying. It was also a flag limit and was engulf after a surge on 5th Jul. It is important to note that engulf of FL is only an indication that price wants to see the next zone, Where there a tricks can be played during FL. On H4 to the left is BUEOB and the same time price is hitting SSR ( Significant Support & Resistance Zone) The circle area is not SSR, just a filled demand zone after the compression/Flag limit. Trendline on LTF look like holding. But price...
Great. At least I know a bit how you read and ride the market. Thank you.
  • #607,268
  • Jul 6, 2021 6:48am Jul 6, 2021 6:48am
Quoting randu
{quote} Great. At least I know a bit how you read and ride the market. Thank you.
Hi Randu,

give me time to put up the chart.

it;s much easier to see what im trying to convey.

thanks
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #607,269
  • Jul 6, 2021 6:55am Jul 6, 2021 6:55am
Quoting Pat Chiko
{quote} The blue circle is formerly was Compression zone clear by Institutional Trader buying. It was also a flag limit and was engulf after a surge on 5th Jul. It is important to note that engulf of FL is only an indication that price wants to see the next zone, Where there a tricks can be played during FL. On H4 to the left is BUEOB and the same time price is hitting SSR ( Significant Support & Resistance Zone) The circle area is not SSR, just a filled demand zone after the compression/Flag limit. Trendline on LTF look like holding. But price...
Thanks. I googled those terms and found this informative page:
https://ateentrader.com/chart-patterns-ftb-ftr/
  • #607,270
  • Jul 6, 2021 6:58am Jul 6, 2021 6:58am
back to the wonderful 50sam band
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yes yes yes
  • #607,271
  • Jul 6, 2021 7:05am Jul 6, 2021 7:05am
... 55min to go till this 4hr close - watching what it closes as. 4hr below. We've already had a H, a HH, then HL, HH, on this 4hr...this would come @ a L if it develops fractally on this t/f
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Trader with an Edge.
  • #607,272
  • Jul 6, 2021 7:06am Jul 6, 2021 7:06am
Quoting Moty
back to the wonderful 50sam band {image}
let’s open the trapdoor! Moty get ya hammer ready!!
Insane in the Brain..
  • #607,273
  • Jul 6, 2021 7:07am Jul 6, 2021 7:07am
Quoting Pat Chiko
{quote} Hi Randu, give me time to put up the chart. it;s much easier to see what im trying to convey. thanks
Thank you for your help. i will appreciate if you can give a reference on how to get a glossary of the terms you normally use.
  • #607,274
  • Jul 6, 2021 7:17am Jul 6, 2021 7:17am
i am suspicious of usdjpy long.
no good for gbpusd long.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #607,275
  • Jul 6, 2021 7:19am Jul 6, 2021 7:19am
Quoting BeeTogether
{quote} let’s open the trapdoor! Moty get ya hammer ready!!
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yes yes yes
  • #607,276
  • Jul 6, 2021 7:25am Jul 6, 2021 7:25am
Quoting Pat Chiko
{quote} Hi Randu, give me time to put up the chart. it;s much easier to see what im trying to convey. thanks
Here's the chart.

P/s Watch out how many got tricked entering at "kink" . Earlier retail traders trying to buy at kink area and price drop.
Now retail traders trying to short at "kink area", then price shoot up.
Kink area are tricked area to retail traders.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #607,277
  • Jul 6, 2021 7:26am Jul 6, 2021 7:26am
Quoting corongumet
I have pending sell order Sell stop: 1.38345 SL: 1.38995 TP: 1.37715
Pending buy set up
Buy stop : 1.38995
SL: 1.38325
TP: 1.39605
Sell stop: 1.38325
SL: 1.38995
TP: 1.37715
Close if untouch tomorrow H+1 after london session opening.
Its my correction setup
  • #607,278
  • Jul 6, 2021 7:26am Jul 6, 2021 7:26am
.... might turn out that the last 1hr L below the last 2 x HL's on that t/df just cleared out some orders/weak hands before going north again? Would be a classic market behaviour tripping those trailing stops 2 swings behind price on that t/f. Reached 50% of the fall now.
Trader with an Edge.
  • #607,279
  • Jul 6, 2021 7:29am Jul 6, 2021 7:29am
Missed 200pip catch by just a whisker : 197pips caught
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  • #607,280
  • Jul 6, 2021 7:29am Jul 6, 2021 7:29am
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yes yes yes
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