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Cable Update (GBPUSD)

  • #574,921
  • Jan 29, 2021 12:23am Jan 29, 2021 12:23am
GU


Scalping LONG while waiting for L.O.

Any comments are welcome for educational purposes.

Thank You
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  • #574,922
  • Jan 29, 2021 12:55am Jan 29, 2021 12:55am
I had a sell limit at 750 hoping the Asian market would trigger overnight, but waking up now (in London) it hasn't happened. I've adjusted it slightly to 740 and seeing what happens. Current price around 715 is too low for me.
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  • #574,923
  • Jan 29, 2021 1:02am Jan 29, 2021 1:02am
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yes yes yes
  • #574,924
  • Jan 29, 2021 1:27am Jan 29, 2021 1:27am
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yes yes yes
  • #574,925
  • Jan 29, 2021 1:36am Jan 29, 2021 1:36am
Morning ladies and gentlemen

This has been a difficult week for me with most of my trades hitting my SL either with a loss or at BE, from a mental perspective it has been hard to hold myself against taking stupid trades just to recover from the losses.

This is why when PA started to move higher yesterday i decided to quit the day way too early, take a break and come back next day

Looking at the chart now, Im considering a long from current rates, I will closely monitor price reaction at 1.3690 to long from there, otherwise will long with a strong hourly close above 1.3725
  • #574,926
  • Jan 29, 2021 1:45am Jan 29, 2021 1:45am
1.36663 looks like a good place to go long today.

It is an untested VAP level from yesterday.

Trade safe everyone.
  • #574,927
  • Jan 29, 2021 1:52am Jan 29, 2021 1:52am
Quoting fxmasterdxb
Morning ladies and gentlemen This has been a difficult week for me with most of my trades hitting my SL either with a loss or at BE, from a mental perspective it has been hard to hold myself against taking stupid trades just to recover from the losses. This is why when PA started to move higher yesterday i decided to quit the day way too early, take a break and come back next day Looking at the chart now, Im considering a long from current rates, I will closely monitor price reaction at 1.3690 to long from there, otherwise will long with a strong...
Taking my first long here @ 1.37
  • #574,928
  • Jan 29, 2021 2:02am Jan 29, 2021 2:02am
G/M, price testing a prev 1hr sw hi zone = prev res = pot rbs with steepest 1hr t/line in view. 1hr below.
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Trader with an Edge.
  • #574,929
  • Jan 29, 2021 2:07am Jan 29, 2021 2:07am
...very quick update to the above 1hr as price breaks 50% of y/day's rise and the steepest 1hr asc t/line - to the downside.
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Trader with an Edge.
  • #574,930
  • Jan 29, 2021 2:08am Jan 29, 2021 2:08am
cable is being more reactive and sensitive since morning against dollar.
I hope it calms down and start its journey towards 1.38
Dear friends, its just a matter of time, stay bull.
My observation may be wrong but intent correct. Stay calm!
  • #574,931
  • Jan 29, 2021 2:18am Jan 29, 2021 2:18am
... testing that more immediate pot (potential) rbs (res becomes supp) zone on 1hr (light blue on above chart) ie a prev sw hi of the upmove off y/day's lo not of the prev downmove. (there is a difference.) Just under 61.8% of y/day's rise now @ current dly lo.
Trader with an Edge.
  • #574,932
  • Jan 29, 2021 2:20am Jan 29, 2021 2:20am
Quoting parshal
cable is being more reactive and sensitive since morning against dollar. I hope it calms down and start its journey towards 1.38 Dear friends, its just a matter of time, stay bull.

There speaks someone who is long, and possibly hurting at the moment? lol...I hope the market is as sure as you are ? Good luck.
Trader with an Edge.
  • #574,933
  • Jan 29, 2021 2:21am Jan 29, 2021 2:21am
1.3673 is the support area where the longs can be taken again
My observation may be wrong but intent correct. Stay calm!
  • #574,934
  • Jan 29, 2021 2:21am Jan 29, 2021 2:21am
Quoting W0lfram
{quote} Close 1.3726 order +26, holding 1.37 If it pops, will sell higher anyway.
Close 1.37 order +21. Probably I'm out for today, but will see.
Good luck everyone!
Air force
  • #574,935
  • Jan 29, 2021 2:24am Jan 29, 2021 2:24am
Quoting Headland
{quote} There speaks someone who is long, and possibly hurting at the moment? lol...I hope the market is as sure as you are ? Good luck.
I am holding on my bulls since last 2 days.
My observation may be wrong but intent correct. Stay calm!
  • #574,936
  • Jan 29, 2021 2:25am Jan 29, 2021 2:25am
Quoting parshal
{quote} I am holding on my bulls since last 2 days.
I been long to since Tuesday
Insane in the Brain..
  • #574,937
  • Jan 29, 2021 2:28am Jan 29, 2021 2:28am
Quoting BeeTogether
{quote} I been long to since Tuesday
Goodluck for the friday drink later today
My observation may be wrong but intent correct. Stay calm!
  • #574,938
  • Jan 29, 2021 2:30am Jan 29, 2021 2:30am
Hi everybody,

first one!

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God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #574,939
  • Jan 29, 2021 2:30am Jan 29, 2021 2:30am
...looking at the shortest 'most' meaningful t/f's, ie 1hr and 4hr they are both rangy so short-term overall direction not at all clear. Near-term it's bearish intraday so far.
Trader with an Edge.
  • #574,940
  • Jan 29, 2021 2:31am Jan 29, 2021 2:31am
Quoting cmk
It might go up this time!! T.S
yes
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