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Cable Update (GBPUSD)

  • #570,041
  • Jan 4, 2021 4:25am Jan 4, 2021 4:25am
... slow morning so far...that prev 4hr sw hi zone from last thursday = prev res = pot rbs providing the buyers after the drop from 3703...it extends on gmt+2 4hr candles down to 3659. Bulls not giving up yet? with shallow pullbacks so far. 1hr below...no fibs on this chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 608349ef54d22a06d311924a6e0ff5ac.png Size: 35 KB
Trader with an Edge.
  • #570,042
  • Jan 4, 2021 4:38am Jan 4, 2021 4:38am
if cable touch 1.37 again I try some short
sl 1.373
  • #570,043
  • Jan 4, 2021 4:39am Jan 4, 2021 4:39am
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 01-04-2021 12.37_1.jpg Size: 160 KB
yes yes yes
  • #570,044
  • Jan 4, 2021 4:50am Jan 4, 2021 4:50am
... 4hr below shows where the demand was on the pullback from 3703...that prev sw hi zone...challenging the current dly hi now ? Now a prev 1hr sw hi zone up to it.

Like 30min before 1hr could close as a bullish engulf.
Attached Image
Trader with an Edge.
  • #570,045
  • Jan 4, 2021 4:53am Jan 4, 2021 4:53am
3750 then fall
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #570,046
  • Jan 4, 2021 4:54am Jan 4, 2021 4:54am
gbpusd its not going up as well as down, new year first day trading , its irritating...
  • #570,047
  • Jan 4, 2021 4:58am Jan 4, 2021 4:58am
Quoting bluesushi
A good spot to short for me is around 1.37500-600
Strong close to 1.37 will move the price forward imo.
  • #570,048
  • Jan 4, 2021 5:00am Jan 4, 2021 5:00am
I think the pound will continue to range with some false breakout to the top !!
  • #570,049
  • Jan 4, 2021 5:06am Jan 4, 2021 5:06am
Looking promising, last 1H closed as bullish engulf.

Looking forward to my TP target around 3750 or slightly more, new daily high has been made as well.

But being a cable, anything can happen...

Quoting Headland
... 4hr below shows where the demand was on the pullback from 3703...that prev sw hi zone...challenging the current dly hi now ? Now a prev 1hr sw hi zone up to it. Like 30min before 1hr could close as a bullish engulf. {image}
  • #570,050
  • Jan 4, 2021 5:08am Jan 4, 2021 5:08am
SOLD 1.37 for 1.3550 first TP 1.32 TP 2
  • #570,051
  • Jan 4, 2021 5:10am Jan 4, 2021 5:10am
Quoting maheeee
gbpusd its not going up as well as down, new year first day trading , its irritating...
Open your chart, what do you see, up down or sideways??
  • #570,052
  • Jan 4, 2021 5:12am Jan 4, 2021 5:12am
Quoting Lastaccount
SOLD 1.37 for 1.3550 first TP 1.32 TP 2
When you start trading, first rule you learn is that trend is your friend. Trend is UP, no reason to sell.
  • #570,053
  • Jan 4, 2021 5:15am Jan 4, 2021 5:15am
Quoting JayBag
{quote} Oh snap. I see Hope your ropes are strong enough? Knowing Lee, he’s sneaky like that.. Don't be surprised to see him on the roof soon SS
You were right...he was about to cut loose. I just added some more ropes.
  • #570,054
  • Jan 4, 2021 5:16am Jan 4, 2021 5:16am
Quoting cmk
{quote} When you start trading, first rule you learn is that trend is your friend. Trend is UP, no reason to sell.
what made you believe it will up more? like what make me now believe it will down soon..

everyone have it own analysis, just control the MM so up or down just like a flip game
  • #570,055
  • Jan 4, 2021 5:16am Jan 4, 2021 5:16am
Quoting Lastaccount
SOLD 1.37 for 1.3550 first TP 1.32 TP 2
sell 1.3695
i am late
Make money by doing the opposite of Giveachance aka loser
  • #570,056
  • Jan 4, 2021 5:33am Jan 4, 2021 5:33am
Quoting Lastaccount
{quote} what made you believe it will up more? like what make me now believe it will down soon.. everyone have it own analysis, just control the MM so up or down just like a flip game
Spike Lee called me, he is waiting above 1.3710.

Trade safe
  • #570,057
  • Jan 4, 2021 5:40am Jan 4, 2021 5:40am
Quoting cmk
{quote} Spike Lee called me, he is waiting above 1.3710. Trade safe
experience will give u insting where best place for start selling, if fail? it will tell you too how to flip it.

no need spike lee right? just believe yourself
  • #570,058
  • Jan 4, 2021 5:44am Jan 4, 2021 5:44am
Quoting nessus94
{quote} sell 1.3695 i am late
Me too.. I did.. TP around 1.3621 ....

depends on the chart as well..

Update: I quit.. took profit..
Golden Goose Return This Month: na
  • #570,059
  • Jan 4, 2021 5:46am Jan 4, 2021 5:46am
...double regular bearish divergence on the 15min at that hi and nice pinbar candle confirm...touched that weekly rising wedge (?) top again and just peeped over the last daily hi by 1 pip. 15min is below.

Could be heading for a 1hr bearish engulf this time ?
Attached Image (click to enlarge)
Click to Enlarge Name: 67e4fe99c089a5b627b4b5e62130471c.png Size: 48 KB
Trader with an Edge.
  • #570,060
  • Jan 4, 2021 5:48am Jan 4, 2021 5:48am
Hmm GU might blow up soon.
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