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Cable Update (GBPUSD)

  • #575,041
  • Jan 29, 2021 5:50am Jan 29, 2021 5:50am
Quoting fxmasterdxb
Building up my position, will add further once we close above 1.3720 {image}
I expect a pull back here, probably to 1.3690
  • #575,042
  • Jan 29, 2021 5:51am Jan 29, 2021 5:51am
Quoting KiwiTrada
{quote} my bull flag BO, also is ugly inverted H&S possibly in play, so neckline may come into play, who knows {image}
there you go it went to area 104.78 like we said... tp ?
  • #575,043
  • Jan 29, 2021 5:56am Jan 29, 2021 5:56am
Quoting mysterio
{quote} 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...
Many thanks for that!
  • #575,044
  • Jan 29, 2021 5:56am Jan 29, 2021 5:56am
... to me there were 3 x hi-probability entries to that move. 1. the original 1min,3min, and 5min regular bullish divergence based entries at the potential rbs and fib confluence circa 3657 lo...then, 2. the 2 x 15min hammers - tweezer bottom, then 3. the close of the 1hr bullish engulfing hammer supported by the 1hr hidden bullish div.
-----------------------------------------

Quoting mysterio
{quote} 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...
great explanation, thanks.
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paused @ 61.8% 3746-3657. Break up or down ?
Trader with an Edge.
  • #575,045
  • Jan 29, 2021 5:58am Jan 29, 2021 5:58am
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
I am so tempted to sell silver short!
These reddit folks are buying, but this time it can go the other way!
Studing..............
  • #575,046
  • Jan 29, 2021 5:59am Jan 29, 2021 5:59am
Quoting mysterio
{quote} 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...

Nice explanation.

Does it mean it will come to 90.48 as per the last day example?
Attached Image
My observation may be wrong but intent correct. Stay calm!
  • #575,047
  • Jan 29, 2021 6:05am Jan 29, 2021 6:05am
Just waiting. I'm inclined to selling once i see a bearish pattern in the minute chart around the highlighted zone.
Too quick in price shoot up.
Attached Image (click to enlarge)
Click to Enlarge Name: 5f0c68c6379f50d2c6c6413f733d4bf2.png Size: 54 KB
  • #575,048
  • Jan 29, 2021 6:05am Jan 29, 2021 6:05am
Quoting Rgkc
I am so tempted to sell silver short! These reddit folks are buying, but this time it can go the other way!
Careful, man- they're aiming for a short squeeze, It could be a pretty crazy rise
  • #575,049
  • Jan 29, 2021 6:07am Jan 29, 2021 6:07am
Quoting parshal
{quote} Nice explanation. Does it mean it will come to 90.48 as per the last day example? {image}
Hey, i'm getting a different gap to your broker feed. I'm using Oanda feed on trading view. I guess just use the feed you think most people are looking at. Also just to complicate things, it doesn't always fill the entire area (usually does though). I get 90.62-90.55
  • #575,050
  • Jan 29, 2021 6:08am Jan 29, 2021 6:08am
Quoting djokotriyono
1.376 next, not today {image}
1.37 is waiting for this pair
  • #575,051
  • Jan 29, 2021 6:08am Jan 29, 2021 6:08am
Quoting mysterio
{quote} Closed +36 on 0.618 fib of asia move, will re-enter at a lower price, either that or it shoots off without me
I guess it's the latter... congrats to the bulls who held on
  • #575,052
  • Jan 29, 2021 6:08am Jan 29, 2021 6:08am
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Quoting mysterio
{quote} Careful, man- they're aiming for a short squeeze, It could be a pretty crazy rise
Right.
I'm just watching for now.
But the fall will be as or more dramatic .. Hunting all the sl's.
Studing..............
  • #575,053
  • Jan 29, 2021 6:09am Jan 29, 2021 6:09am
Quoting parshal
{quote} Nice explanation. Does it mean it will come to 90.48 as per the last day example? {image}
It just did!
  • #575,054
  • Jan 29, 2021 6:09am Jan 29, 2021 6:09am
Quoting navk
{quote} I now passed both challenge and verification objectives with FTMO. Too fast. Waiting for 100 k funding from FTMO now. ha..ha...
Congrats!
If you don't know how to earn money, don't loose it.
  • #575,055
  • Jan 29, 2021 6:11am Jan 29, 2021 6:11am
...nice! ...bit of a repeat of y/day so far - bearish initially London then a strong bounce up...1hr below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #575,056
  • Jan 29, 2021 6:13am Jan 29, 2021 6:13am
Quoting pipcenturion
1.36663 looks like a good place to go long today. It is an untested VAP level from yesterday. Trade safe everyone.

Hi Pipcenturion.


Impressive call. Hours before the level reached.


Third time this week you've given superb trade opportunities.


Thanks for giving the trade call & appreciate that.
Attached Image (click to enlarge)
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  • #575,057
  • Jan 29, 2021 6:13am Jan 29, 2021 6:13am
Quoting Rgkc
{quote} Right. I'm just watching for now. But the fall will be as or more dramatic .. Hunting all the sl's.
Good luck, honestly I'm kind of bitter because i took the long right before the dramatic rise when I heard about the Reddit crew and it was forming a bull flag.. so took it but my stop loss was a fraction too tight, hit it then reversed-- would have doubled my account and then some.
  • #575,058
  • Jan 29, 2021 6:15am Jan 29, 2021 6:15am
Quoting mysterio
{quote} Hey, i'm getting a different gap to your broker feed. I'm using Oanda feed on trading view. I guess just use the feed you think most people are looking at. Also just to complicate things, it doesn't always fill the entire area (usually does though). I get 90.62-90.55
oh okay.
. Btw nice explanation and thanks for sharing your knowledge.
Lets get on the bull train now.
My observation may be wrong but intent correct. Stay calm!
  • #575,059
  • Jan 29, 2021 6:16am Jan 29, 2021 6:16am
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Quoting mysterio
{quote} Good luck, honestly I'm kind of bitter because i took the long right before the dramatic rise when I heard about the Reddit crew and it was forming a bull flag.. so took it but my stop loss was a fraction too tight, hit it then reversed-- would have doubled my account and then some.
The same with me
Still, I managed to profit a small € 100, hit be .. lol
Studing..............
  • #575,060
  • Jan 29, 2021 6:17am Jan 29, 2021 6:17am
Quoting pipcenturion
{quote} It is gonna buy really strong. Brace up!
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