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Cable Update (GBPUSD)

  • #574,421
  • Jan 27, 2021 6:27am Jan 27, 2021 6:27am
Quoting D1n3r0
My last post on this forum and off of FF pretty soon. There are some really good traders in here but they seem to not be understanding that we’re trading with banks so your indicators are going to be indicating you after the fact. How many different settings do we need to see on a MA to know it’s just that an AVERAGE. Doesn’t mean that every time it crosses above or below that’s just what’s going to happen and in fact if it did we would all be millionaires and the markets wouldn’t exist. Accumulation and Distribution and Orders Blocks at the extremes...
totally agree with your post.
but i'm fine with my fuzzy, chart, full average ma's, BB's, pivots, rsi's, volumes, POC's, trendlines, SupDem, VSA, etc...
i've no acess to orderflow or orderblocks...so, i also INVENTED somethig...
If you don't know how to earn money, don't loose it.
  • #574,422
  • Jan 27, 2021 6:28am Jan 27, 2021 6:28am
Wonder where its going.....
  • #574,423
  • Jan 27, 2021 6:29am Jan 27, 2021 6:29am
Quoting Alorente
Watch out longs... GU is building a large bearish wedge. It can drop quite a bit if it breaks the lower wall. The chart below is H4. {image}
Weekly is even stronger
Attached Image (click to enlarge)
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Twitter: Rummer_grapes
  • #574,424
  • Jan 27, 2021 6:29am Jan 27, 2021 6:29am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 30 KB
yes yes yes
  • #574,425
  • Jan 27, 2021 6:29am Jan 27, 2021 6:29am
Quoting fxmasterdxb
First position of the day, long @ 1.3730
Got stopped out @ 1.3719, no more long for me until 1.3670 is touched, maybe a bit earlier on 1.3685, lets see
  • #574,426
  • Jan 27, 2021 6:32am Jan 27, 2021 6:32am
Quoting joesherwood
If we close on HTF under 1.37. 1366 could be in sight
i was aiming 1.3652/41 but i'm not sure anymore...
bulls still around and we are just over 1.37
If you don't know how to earn money, don't loose it.
  • #574,427
  • Jan 27, 2021 6:33am Jan 27, 2021 6:33am
Quoting coolmakina
{quote} i was aiming 1.3652/41 but i'm not sure anymore... bulls still around and we are just over 1.37
Of course, my chart is somewhere above
we are currently at level
need to break with a good bear for it to go to mid 1.36
see what happens
  • #574,428
  • Jan 27, 2021 6:37am Jan 27, 2021 6:37am
Quoting knkie
just my intuition but after yesterdays day candle i would think a bear candle day would be the result.
it should fall to 3675 at least
in wondering about yourself, you forgot what you came here to be part of
  • #574,429
  • Jan 27, 2021 6:37am Jan 27, 2021 6:37am
Quoting Sang.Real
{quote} GU Add to 3rd trade short scalping. {image}

GU


Target reached.

Finding another set up at NYO
Attached Image (click to enlarge)
Click to Enlarge Name: GU 039.jpg Size: 280 KB
  • #574,430
  • Jan 27, 2021 6:39am Jan 27, 2021 6:39am
Quoting Moty
{image}
please be aware to Bearish Engulfing on H1 mate
Attached Image (click to enlarge)
Click to Enlarge Name: 4.jpg Size: 225 KB
Suro Diro Joyoningrat Lebur Dening Pangastuti
  • #574,431
  • Jan 27, 2021 6:40am Jan 27, 2021 6:40am
Quoting Sang.Real
{quote} GU Target reached. Finding another set up at NYO {image}
congrats, quite inpressive top entry!
i didn't had the b... what it takes, i saw it on M15 but no guts.
maybe next time.
If you don't know how to earn money, don't loose it.
  • #574,432
  • Jan 27, 2021 6:41am Jan 27, 2021 6:41am
bye bye dx
Attached Image(s) (click to enlarge)
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yes yes yes
  • #574,433
  • Jan 27, 2021 6:52am Jan 27, 2021 6:52am
Quoting Wavegarrick
{quote} Hi Guys, what really worries me about this pair is that bearish divergences are building up, Be careful with buy trades, Gu is moving up with 50 pips or so on a weekly basis but the drops are becoming bigger. Difficult currency to trade at the mo. Ranging of course and not a swing traders forte. I have my eyes on shorts here but will carefully assess. Cheers.
I have some short trades going here. It is possible that price could bounce back up from my daily pivot at 1.36981 and also my descending trend line. FOMC in 6hrs and could bring some volatility.

Take care,
Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_958.png Size: 91 KB
Trade to trade another day
  • #574,434
  • Jan 27, 2021 6:56am Jan 27, 2021 6:56am
Quoting Moty
bye bye dx {image} {image}
regarding GOLD, IMO it will continues downward
Attached Image (click to enlarge)
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Suro Diro Joyoningrat Lebur Dening Pangastuti
  • #574,435
  • Jan 27, 2021 6:59am Jan 27, 2021 6:59am
Quoting Moty
bye bye dx {image} {image}
Not you day..............
  • #574,436
  • Jan 27, 2021 6:59am Jan 27, 2021 6:59am
Quoting pinguin
{quote} please be aware to Bearish Engulfing on H1 mate {image}
i still believe in 1.38000
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 25 KB
yes yes yes
  • #574,437
  • Jan 27, 2021 7:04am Jan 27, 2021 7:04am
Quoting fxmasterdxb
{quote} Got stopped out @ 1.3719, no more long for me until 1.3670 is touched, maybe a bit earlier on 1.3685, lets see
Scratch that, bear trend is very strong, im not taking any long today, in fact i shorted 1.3705
  • #574,438
  • Jan 27, 2021 7:05am Jan 27, 2021 7:05am
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Quoting Moty
{quote} i still believe in 1.38000 {image}
Not for today, i think
Attached Image (click to enlarge)
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Studing..............
  • #574,439
  • Jan 27, 2021 7:09am Jan 27, 2021 7:09am
GU

Waiting for this power price action set up to go LONG.

Any comment or view are welcome for educational purposes.

Thank You
Attached Image (click to enlarge)
Click to Enlarge Name: GU 041.jpg Size: 250 KB
  • #574,440
  • Jan 27, 2021 7:09am Jan 27, 2021 7:09am
Quoting fxmasterdxb
{quote} Scratch that, bear trend is very strong, im not taking any long today, in fact i shorted 1.3705
what is tp point for that
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