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Cable Update (GBPUSD)

  • #574,601
  • Jan 27, 2021 2:16pm Jan 27, 2021 2:16pm
index up , dx down
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yes yes yes
  • #574,602
  • Jan 27, 2021 2:24pm Jan 27, 2021 2:24pm
Quoting gatenio
{quote} Gu having some trouble atm.. im not optimistic.. W become M.. lets see.. i had a red day today.

Sorry to hear. We all have these days.

There is something, however.

You might want to ask The Most Legitimate Trader here?

He can teach about some special levels.

When the rate goes like 230 pips up?

He makes a lot of money from his sells, due to those magical levels!

Ask him. He might be helpful...
Maadik Hugiis. IQ 69.
  • #574,603
  • Jan 27, 2021 2:31pm Jan 27, 2021 2:31pm
Quoting fxmasterdxb
{quote} Gold has a huge potential, im just skipping it for the time being and focusing on GU
I think you have gold pegged wrong maybe nothing to see on monthly other than trend, weekly august last year she printed pennant & dropped through then bearflag & dropped through lastly falling wedge & dropped through right now she is printing next pattern dont know what that is as yet but while she is below the ltl of the wedge, not seeing long way down in hourly there is nice neat falling trendline (upper) again while pa keep drooping from that tl long is not really on, patience is required with gold silver and geppy spread is killer hence higher return when correct!! just my 2cent
If you are new to Forex? Say Goodbye to your account!!
  • #574,604
  • Jan 27, 2021 2:35pm Jan 27, 2021 2:35pm
Quoting KiwiTrada
{quote} nope sl was fine entry was ok, problem was early entry, need little more patience allow S/R to show strength first, get that right later can be more aggressive,

What are you talking about?
His buy entry was PERFECT!
Hell, I wish I could do my very first entries like that!
He did not finish the chase...
He does not know how to make the kill and gave up after just one SL got hit...
Maadik Hugiis. IQ 69.
  • #574,605
  • Jan 27, 2021 2:37pm Jan 27, 2021 2:37pm
Quoting fxmasterdxb
The chart is screaming, please long me! {image}
But i shorted
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  • #574,606
  • Jan 27, 2021 2:41pm Jan 27, 2021 2:41pm
Quoting fxmasterdxb
{quote} But i shorted {image}
Lol! I’m still long at 13730
Insane in the Brain..
  • #574,607
  • Jan 27, 2021 2:47pm Jan 27, 2021 2:47pm
Quoting BeeTogether
{quote} Lol! I’m still long at 13730
Buddy if daily closes @ 1.3665 or lower, i think bulls will have to wait for few hundred pips
at the end trade your plan
edit: actually if hour closes above 1.3688/90, it could be a game changer
  • #574,608
  • Jan 27, 2021 2:47pm Jan 27, 2021 2:47pm
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Follow The Markets Structure - Patience and Discipline
  • #574,609
  • Jan 27, 2021 2:49pm Jan 27, 2021 2:49pm
5 inside the three done ON 5 min
Follow The Markets Structure - Patience and Discipline
  • #574,610
  • Jan 27, 2021 2:53pm Jan 27, 2021 2:53pm
i believe we will see 1.37438-580 again
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yes yes yes
  • #574,611
  • Jan 27, 2021 3:04pm Jan 27, 2021 3:04pm
Quoting Moty
i believe we will see 1.37438-580 again {image} {image}
Today, tomorrow or next week/month?
  • #574,612
  • Jan 27, 2021 3:07pm Jan 27, 2021 3:07pm
Quoting fxmasterdxb
{quote} Buddy if daily closes @ 1.3665 or lower, i think bulls will have to wait for few hundred pips at the end trade your plan edit: actually if hour closes above 1.3688/90, it could be a game changer
Closed my short and considering a long
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  • #574,613
  • Jan 27, 2021 3:10pm Jan 27, 2021 3:10pm
Moving into 5 of 5 on the 5 min
Follow The Markets Structure - Patience and Discipline
  • #574,614
  • Jan 27, 2021 3:21pm Jan 27, 2021 3:21pm
Quoting fxmasterdxb
{quote} Closed my short and considering a long {image}
Sneaked in a long @ 1.3682 before heading to bed, this will stay till tomorrow unless stopped out
  • #574,615
  • Jan 27, 2021 3:30pm Jan 27, 2021 3:30pm
Quoting MoneyZilla
{quote} What are you talking about? His buy entry was PERFECT! Hell, I wish I could do my very first entries like that! He did not finish the chase... He does not know how to make the kill and gave up after just one SL got hit...
I didnt say his entry wasnt good, the best thing he did was have a sl to control the risk, which it did, not like many on this thread, he didnt give up after a SL hit he re-entered after considering his 1st trade (Im thinking) again not like many on here, enter, goes wrong, enter another goes wrong (2 trades) again again again, hoping, praying pa will turn good, if it does blah blah blah, if it doesnt silence, hoping and praying has no place in trading neither does BS
If you are new to Forex? Say Goodbye to your account!!
  • #574,616
  • Jan 27, 2021 3:36pm Jan 27, 2021 3:36pm
Quoting KiwiTrada
{quote} going along very nicely 2729 should have caused little wobble but seems to want to take her out :-) so guess 2735 could be on the cards but as above need her to push on to the previous daily highs 2778, watching and loving pa today:-)
wow exceeded my expectations, not only took out previous daily highs looks to be heading to take weekly high 1 2834 that would be something special, not seeing it but who knows??
If you are new to Forex? Say Goodbye to your account!!
  • #574,617
  • Jan 27, 2021 3:43pm Jan 27, 2021 3:43pm
Big bull day expected tommorrow.. retest or breach.. lets see
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  • #574,618
  • Jan 27, 2021 3:53pm Jan 27, 2021 3:53pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
I don't like the price on this daily close.
it looks like it goes down.
we will see.
Studing..............
  • #574,619
  • Jan 27, 2021 4:21pm Jan 27, 2021 4:21pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
This is what I will wait for tomorrow
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Studing..............
  • #574,620
  • Edited 5:29pm Jan 27, 2021 4:54pm | Edited 5:29pm
...new 3759 hi (right in that prev wkly/mthly sw lo zone = prev supp = pot (potential) sbr that started @ 3711 and likely extends to 3790,) but bearish day overall on the gmt+2 daily candle. Price sold off and then found support @ the lo of the day @ a prev 1hr minor sw hi=prev res=pot (potential) rbs zone, with strong buying up to a prev 1hr sw lo zone =prev supp = pot sbr where again sellers stepped in. Price currently remains between those 2 points, shown on the 1hr below.

After Tuesday's pip range in excess of 30day adr Wednesday's is again sub that 30day adr which fits the pattern of the last 2 trading weeks or so, in this regard.

1hr and 4hr remain rangy currently with a bullish bias (?) and there is a new HL @ 3609 now on the dly in it's general fractal uptrend, a trend which is extant on the wkly too.
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