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Cable Update (GBPUSD)

  • #574,441
  • Jan 27, 2021 7:14am Jan 27, 2021 7:14am
Quoting Wavegarrick
{quote} 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 {image}
WG, it seems DX cooperates with your thoughts...but like you said FOMC can screw up all our plans...
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #574,442
  • Jan 27, 2021 7:14am Jan 27, 2021 7:14am
the bulls run is coming
Attached Image(s) (click to enlarge)
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yes yes yes
  • #574,443
  • Jan 27, 2021 7:15am Jan 27, 2021 7:15am
Quoting Moty
the bulls run is coming {image} {image}
Thinking about your old „crocks trap”
  • #574,444
  • Jan 27, 2021 7:18am Jan 27, 2021 7:18am
index up , dx down
bye bye dx
this will push daxi back up ,that is 270 points down for today
Attached Image (click to enlarge)
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yes yes yes
  • #574,445
  • Jan 27, 2021 7:18am Jan 27, 2021 7:18am
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
US30, Gold, Bitcoin, Eur, Gbp... everything down today
I don't know why, but it seems
Studing..............
  • #574,446
  • Jan 27, 2021 7:22am Jan 27, 2021 7:22am
Quoting Rgkc
US30, Gold, Bitcoin, Eur, Gbp... everything down today I don't know why, but it seems
yeah true
  • #574,447
  • Jan 27, 2021 7:23am Jan 27, 2021 7:23am
Congrats, very impressive entries!

Just missed the GU sell at the top. Instead shorted UC, read PA structure slightly wrong and got quick SL. Well, no big deal.

Now will sit back and relax until GU starts to hit nearest S at 3675-3650 area and watch the moves.

Take care!

Quoting Sang.Real
{quote} GU Target reached. Finding another set up at NYO {image}
  • #574,448
  • Jan 27, 2021 7:23am Jan 27, 2021 7:23am
Quoting Rgkc
US30, Gold, Bitcoin, Eur, Gbp... everything down today I don't know why, but it seems
it's because of the dx is up .
it's the dollar against the world
yes yes yes
  • #574,449
  • Jan 27, 2021 7:24am Jan 27, 2021 7:24am
Quoting Sang.Real
GU Waiting for this power price action set up to go LONG. Any comment or view are welcome for educational purposes. Thank You {image}

GU

alternatively, if price break the Yellow Band, it will go to the next level.

My position now is to wait for price action to show me the way and safer entry.

Any comment and view welcome for educational purposes.

Thank you
Attached Image (click to enlarge)
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  • #574,450
  • Jan 27, 2021 7:24am Jan 27, 2021 7:24am
Quoting NhRedoy94
{quote} what is tp point for that
At the moment open but i will watch 1.3667 closely, if it fails and then tomorrow 1.36 fails then its a reversal and ma target would be at least 1.34 and max 1.32
  • #574,451
  • Jan 27, 2021 7:27am Jan 27, 2021 7:27am
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Days like today can be hell for buyers...
Studing..............
  • #574,452
  • Jan 27, 2021 7:30am Jan 27, 2021 7:30am
Inverted H&S in DXY. Neckline 90.90 - Implied target if broken: 92.60

MACD showing nice divergences. It looks ready to pop.
Attached Image (click to enlarge)
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Observation is the path to discovery.
  • #574,453
  • Jan 27, 2021 7:31am Jan 27, 2021 7:31am
what relaxing me is that the dx used יןד all ammunition , ,now it's payback time
Attached Image(s) (click to enlarge)
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yes yes yes
  • #574,454
  • Jan 27, 2021 7:31am Jan 27, 2021 7:31am
morning all ( gbp will shut down for while ) tip
  • #574,455
  • Jan 27, 2021 7:33am Jan 27, 2021 7:33am
Quoting Moty
what relaxing me is that the dx used it's all ammunition , ,now it's payback time {image}
Keep relying on hope and payback to win you you’re trades, some never learn

Hope this is some good insight for some people on not how to trade
  • #574,456
  • Jan 27, 2021 7:33am Jan 27, 2021 7:33am
Quoting Moty
what relaxing me is that the dx used it's all ammunition , ,now it's payback time {image}
God I hope so! haha... Pretty much wiped out my account
  • #574,457
  • Jan 27, 2021 7:35am Jan 27, 2021 7:35am
watch out for reaction at 3684,3674,3643
Twitter: Rummer_grapes
  • #574,458
  • Jan 27, 2021 7:38am Jan 27, 2021 7:38am
Buy added at 1.3683 target 1.3830...
Data + Stat + Risk/Emotions Management
  • #574,459
  • Jan 27, 2021 7:39am Jan 27, 2021 7:39am
Quoting ZTrader123
{quote} Keep relying on hope and payback to win you you’re trades, some never learn Hope this is some good insight for some people on not how to trade
That's you on his ignore list , oh you are already along with everyone else
  • #574,460
  • Jan 27, 2021 7:40am Jan 27, 2021 7:40am
Quoting cymru1
{quote} God I hope so! haha... Pretty much wiped out my account
Lessons to be learnt:
1. Never marry your trade
2. always have SL in place
3. pick your trade with the best RR pissible
4. Trading is like a marathon not a sprint race, try to reduce your lot size by risking 1%-3% max of your account size per trades

Once you master those then you need to look for a sustainable strategy with a decent win ratio, back test it for months until you feel confident.

Last step: trade!
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