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Cable Update (GBPUSD)

  • #574,861
  • Jan 28, 2021 11:59am Jan 28, 2021 11:59am
Quoting navk
{quote} unlikely to go past today high. I am expecting bearish Friday .
Friday looks Stonewall bullish to me, even though last 3 - 4 weeks Friday have been bearish but tomorrow will be a big bull exception. 1.3830/1.3860 looks imminent tomorrow.

I may be wrong but that's what I see.

Cheers.
Data + Stat + Risk/Emotions Management
  • #574,862
  • Jan 28, 2021 12:01pm Jan 28, 2021 12:01pm
Quoting Georginson
{quote} Friday looks Stonewall bullish to me, even though last 3 - 4 weeks Friday have been bearish but tomorrow will be a big bull exception. 1.3830/1.3860 looks imminent tomorrow. I may be wrong but that's what I see. Cheers.
as long as today high is not broken today, I am expecting bearish friday.
Intraday only.
  • #574,863
  • Jan 28, 2021 12:05pm Jan 28, 2021 12:05pm
My sell limit @ 1.37 was triggered while I was AFK.
Sold more @ 1.3726
Air force
  • #574,864
  • Jan 28, 2021 12:06pm Jan 28, 2021 12:06pm
Quoting Georginson
{quote} Friday looks Stonewall bullish to me, even though last 3 - 4 weeks Friday have been bearish but tomorrow will be a big bull exception. 1.3830/1.3860 looks imminent tomorrow. I may be wrong but that's what I see. Cheers.
why it will be bullish?
  • #574,865
  • Jan 28, 2021 12:07pm Jan 28, 2021 12:07pm
Quoting Bacco
{quote} Seriously? They are driving a revolution in usa. Have a look of the link. Hedge fund went short days ago...now they are in a deep sh*t and robinhood has to halt the buy from retail investors...but hedge fund are still able to trade it. The proof that elite and retail dont have the same treatment. https://edition.cnn.com/2021/01/27/i...ock/index.html Financial service cmte in usa is investigating robinhood as apparently is not legal what they did. So....back to gold....looks like they are turning for precious...
Bacco, the $hit is known for ages and nothing has been done...Either we play their game or we quit.
Attached Image
Always trade your own plan...I don't provide trading signals.
  • #574,866
  • Jan 28, 2021 12:11pm Jan 28, 2021 12:11pm
Quoting Coreg2004
{quote} Bacco, the $hit is known for ages and nothing has been done...Either we play their game or we quit. {image}
We know the game. But what really piss*d me off is as soon as hedge fund are in a sh*t hole, someone will come to rescue. They let them go out of the box, we cant say the same for retail. I ll have a look into this book.
Twitter: Rummer_grapes
  • #574,867
  • Jan 28, 2021 12:14pm Jan 28, 2021 12:14pm
Quoting genadi
{quote} why it will be bullish?
The current weekly distance is 150 pips (1.3608 - 1.3758) which means the distance is currently incomplete.

The average weekly distance is 230 pips which means at least 80 more pips to complete this current weekly distance.

To complete this anticipated 230 pips distance, either of these levels (1.3608 or 1.3758) must break and the current price is closer to the weekly top which means the weekly top is under attack to be broken to 1.3838 area.

The only condition that will make 1.38 not to be touched Tomorrow is if the weekly distance fails to match the expected average like it did 3 weeks ago.

Trade with caution. Cheers.
Data + Stat + Risk/Emotions Management
  • #574,868
  • Jan 28, 2021 12:39pm Jan 28, 2021 12:39pm
It might go up this time!!

T.S
  • #574,869
  • Jan 28, 2021 12:41pm Jan 28, 2021 12:41pm
Quoting kk300
Big bull day expected tommorrow.. retest or breach.. lets see {image}
its there.. testing it.. breach??
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  • #574,870
  • Jan 28, 2021 12:42pm Jan 28, 2021 12:42pm
Quoting Coreg2004
{quote} navk, high at B taken out so today's low is in place...how far will go? ...we'll see...111 pips from today's low = 1.37412...
...and we are there.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #574,871
  • Jan 28, 2021 1:07pm Jan 28, 2021 1:07pm
1.3742 reached..and now MACD crosses with larger divergence.
Hopefully the target 1.3800 will be reached by tomorrow.
My observation may be wrong but intent correct. Stay calm!
  • #574,872
  • Jan 28, 2021 1:14pm Jan 28, 2021 1:14pm
sometimes I wonder how it is possible to determine daily bias... especially with all the noise on this pair... how do you guys usually determine it ? surely not news right? I usually try to follow engulfing candles of possible... usually means sentiment...
  • #574,873
  • Edited 2:33pm Jan 28, 2021 1:15pm | Edited 2:33pm
Short 1.3743, 15 pip SL, TP open... DXY testing 90.42, showing bullish divergence, cable at R1/supply zone.. will exit quickly if we break these levels

Edit- not feeling this, if it doesnt move soon I'll take it out BE.

Edit again- looks a bit healthier, moving my SL to BE
  • #574,874
  • Jan 28, 2021 1:20pm Jan 28, 2021 1:20pm
What's the news? ...Dow went banana...
Always trade your own plan...I don't provide trading signals.
  • #574,875
  • Jan 28, 2021 1:22pm Jan 28, 2021 1:22pm
sell - 1.3740
Together we can be strongest
Vantage Return This Month: na
  • #574,876
  • Jan 28, 2021 1:30pm Jan 28, 2021 1:30pm
Quoting Coreg2004
{quote} ...and we are there. {image}
Hi Coreg,
do you have an Elliott count on the Daily?
What do you think about a possible ending diagonal on H4?
  • #574,877
  • Jan 28, 2021 1:31pm Jan 28, 2021 1:31pm
Attached Image (click to enlarge)
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yes yes yes
  • #574,878
  • Jan 28, 2021 1:39pm Jan 28, 2021 1:39pm
Hammer time?

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Madness on 5min, when releases it will be disaster
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Air force
  • #574,879
  • Jan 28, 2021 1:43pm Jan 28, 2021 1:43pm
It will be nice if we close above 1.3750

T.S
  • #574,880
  • Jan 28, 2021 1:44pm Jan 28, 2021 1:44pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
the Reddit community that yesterday cleared 70B of funds and big banks, today turned to silver.

I also entered a short position on the cable again in 3740. Although it is risky !!
Studing..............
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