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Cable Update (GBPUSD)

  • #575,021
  • Jan 29, 2021 5:21am Jan 29, 2021 5:21am
Quoting pipcenturion
{quote} It is gonna buy really strong. Brace up!
Excellent call, pipcenturion

As soon as you posted, price has gone up around 40 pips so far.
  • #575,022
  • Jan 29, 2021 5:23am Jan 29, 2021 5:23am
Quoting Headland
{quote} you are plotting your fibs upside down - it is the 76.4% not 23.6% (same thing I know re 100-76.4% -vs- 100-23.6%) but it is the 76.4% ie plotting a move up from the lo-hi of the upmove, not hi-lo of the move. And vice-versa.
True but practically speaking it makes zero difference its just a mirror image, unless you put different significance on each level but imo the most powerful are 0.382/0.618 which are mirrored
  • #575,023
  • Jan 29, 2021 5:24am Jan 29, 2021 5:24am
Quoting pipcenturion
{quote} It is gonna buy really strong. Brace up!
Hi there, I have noticed recently your prediction has been quite accurate, congrats
  • #575,024
  • Jan 29, 2021 5:26am Jan 29, 2021 5:26am
Quoting Yngwie
Closed all short. Time to long
Close long for 20 pips. Waiting New York to decide. 3696 ~ 3720 need to be passed for bull
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #575,025
  • Jan 29, 2021 5:32am Jan 29, 2021 5:32am
Gap filled on DXY now
  • #575,026
  • Jan 29, 2021 5:33am Jan 29, 2021 5:33am
Quoting mysterio
Gap filled on DXY now
Hey, Still learning here - Could you please possibly explain what you mean by "Gap Filled"
  • #575,027
  • Jan 29, 2021 5:37am Jan 29, 2021 5:37am
Quoting W0lfram
Blindly put Sell limit @ 1.371 just in case.
Ok... Modified to 1.372. Hope it doesn't blow up the roof and we'll see a LH on 1H.
Air force
  • #575,028
  • Jan 29, 2021 5:38am Jan 29, 2021 5:38am
Will we see 1.38 today? Last day of the week, Month.

Anything possible
  • #575,029
  • Jan 29, 2021 5:39am Jan 29, 2021 5:39am
... nice upside follow thru on last 1hr close - testing 61.8% of the fall now @ base of a prev 1hr sw hi zone = prev res = pot res. 1hr below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #575,030
  • Jan 29, 2021 5:39am Jan 29, 2021 5:39am
Quoting mysterio
Taking the bull bait, bottom of a wedge on 4h tf, and we have formed a mini wedge with divergence there, 1.3676 buy, 15 pip SL looking for new highs Edit- close to daily R1 would be great .... stop to BE, will re-enter if it retests {image}
Closed +36 on 0.618 fib of asia move, will re-enter at a lower price, either that or it shoots off without me
  • #575,031
  • Jan 29, 2021 5:40am Jan 29, 2021 5:40am
I need a retrace to enter LONG again
Attached Image (click to enlarge)
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  • #575,032
  • Jan 29, 2021 5:41am Jan 29, 2021 5:41am
Quoting helioss
{quote} @moment i see it better as a BEAR CAGE than BULL TRAP we will see {image}
Bears remain in the cage
  • #575,033
  • Jan 29, 2021 5:42am Jan 29, 2021 5:42am
Quoting cymru1
{quote} Hey, Still learning here - Could you please possibly explain what you mean by "Gap Filled"
It's just a legend
Don't think about it
Study supply and demand, you will make money with that
  • #575,034
  • Jan 29, 2021 5:43am Jan 29, 2021 5:43am
Quoting Roszey
This SW zone is kind of giving bears a hard time. {image}
I now passed both challenge and verification objectives with FTMO.

Too fast.

Waiting for 100 k funding from FTMO now.

ha..ha...

Intraday only.
  • #575,035
  • Jan 29, 2021 5:43am Jan 29, 2021 5:43am
Opened a short position at 1.3710 . Looking for a close below 1.37 in the next 15 minutes to add more short positions .
  • #575,036
  • Jan 29, 2021 5:45am Jan 29, 2021 5:45am
Quoting djokotriyono
The bulls took control until Monday, and of course there were some reversals i think.
☝☝
  • #575,037
  • Jan 29, 2021 5:46am Jan 29, 2021 5:46am
Quoting helioss
{quote} Bears remain in the cage
its hard long my bro... still need momentum to breach trend level..
as not much market trigger , big boys will calm down for a while...

this my opinion


https://charts.mql5.com/27/601/gbpus...investindo.png
  • #575,038
  • Jan 29, 2021 5:49am Jan 29, 2021 5:49am
Quoting cymru1
{quote} Hey, Still learning here - Could you please possibly explain what you mean by "Gap Filled"
Hey, yea. Just looking at DXY, the dollar basket index. There was a gap in the chart overnight. In theory, and it's a pretty accurate theory, the price will come back to 'fill' the area that it missed out. It can happen at any time though. Others may have a way of predicting when it will happen. Sometimes price just seems to fill the area rapidly then reverse again, as if it can't continue without completing the task. The market will sometimes give you some clues as to when it will happen, but usually when its time it will happen in an impulse move, ie rapidly without retracement.

Some clues here, failing to pass R1 several times with pin bars, and bearish divergence on MACD. Also the purple area i've marked out as a supply/demand zone, an area to look for potential reversals
Attached Image (click to enlarge)
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  • #575,039
  • Jan 29, 2021 5:50am Jan 29, 2021 5:50am
Quoting palpite
buy - 1.3684 stop loss - 1.3650
break even
Together we can be strongest
Vantage Return This Month: -97.0%
  • #575,040
  • Jan 29, 2021 5:50am Jan 29, 2021 5:50am
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
ny can be dramatic today
Studing..............
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