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Cable Update (GBPUSD)

  • #575,321
  • Edited 4:37pm Jan 31, 2021 4:24pm | Edited 4:37pm
Probably some move up tonight, loaded sell limit @ 1.372. Going to sleep
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Air force
  • #575,322
  • Jan 31, 2021 5:41pm Jan 31, 2021 5:41pm
Quoting Headland
{quote} I was referring to up moves not down moves in my post, but yes that dumping of £ in March was heavy - a particularly exceptional event in an environment of a growing frequency of exceptional events. Re the site sentiment - not completely worthless - I was referring to it as a potential contrary indicator, ie the more retailers getting long the better it might be to get short, lol.
oops sorry, do agree about sentiment as contrary indicator
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  • #575,323
  • Jan 31, 2021 6:05pm Jan 31, 2021 6:05pm
Quoting KiwiTrada
Im thinking maybe a stop hunt on swissy to clean out weak longs ready for magenta attack???
bull has poked her nose in swissy magenta magic zone :-) if gets through we are in for a very nice eu dump?
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  • #575,324
  • Jan 31, 2021 6:10pm Jan 31, 2021 6:10pm
Quoting Blackopal
Edit....I just looked back above and saw that Bacco already shared the zero hedge article. Here is a link to a video about the silver market and the reddit issue. And an article about run on silver coins. https://www.bnnbloomberg.ca/silver-r...oins-1.1556949 https://www.youtube.com/watch?v=Jq0L5LOqLAU {quote} https://www.zerohedge.com/markets/re...squeeze-silver "In the 24 hours proceeding Friday market close, SD Bullion sold...
Long story short.....the more we are....the worst it is for the manipulation....
I'm gonna put some money on silver. Lets see
Twitter: Rummer_grapes
  • #575,325
  • Jan 31, 2021 6:18pm Jan 31, 2021 6:18pm
Quoting KiwiTrada
{quote} start buying physical silver spot $11.90 accumulate down to $8.30 put under mattress and forget about, gold should retrace to $1920 but trying to pick a bottom of the present fall is to hard and expensive if wrong



time to check out that stash under the mattress!!!!!!
If you are new to Forex? Say Goodbye to your account!!
  • #575,326
  • Jan 31, 2021 6:43pm Jan 31, 2021 6:43pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Quoting Bacco
{quote} Long story short.....the more we are....the worst it is for the manipulation.... I'm gonna put some money on silver. Lets see
I'm thinking in short
Studing..............
  • #575,327
  • Jan 31, 2021 7:01pm Jan 31, 2021 7:01pm
Well well well.....
  • #575,328
  • Jan 31, 2021 7:05pm Jan 31, 2021 7:05pm
scalp buys... probably a sell day...
  • #575,329
  • Jan 31, 2021 7:05pm Jan 31, 2021 7:05pm
1,3757 would be a nice place to short imo.
If you don't know how to earn money, don't loose it.
  • #575,330
  • Jan 31, 2021 7:31pm Jan 31, 2021 7:31pm
Quoting kk300
{quote} Yeah.. but my point was the close... still closed inside... so i would love to see bull continuation..
Looking nice.. new highs for the month?? Lets see
  • #575,331
  • Jan 31, 2021 8:43pm Jan 31, 2021 8:43pm
Good Morning from indonesia,

switch my laptop on this morning and found my short position closed with +profit (SL profit touched). and yet i open another short with reason :

1. daily candle cannot make a new high for 8 days
2. as mentioned before that my chart in my point of view show it's bearish divergence
3. Monthly chart show double Bottom (well at least from my point of view), which is indicate trend changed, but as shown in below pictures the major trend (monthly) is still downtrend. so, in my opinion it'll test the resistance(1.32875) first before it bounce upward.

of course everyone has their own perspective and view. so this just my 2cent
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Suro Diro Joyoningrat Lebur Dening Pangastuti
  • #575,332
  • Edited 9:40pm Jan 31, 2021 8:53pm | Edited 9:40pm
i want to short... but its a new month new week... we can have an unexpected bull run... just a thought so i am out....
Extreme gut feeling trader
  • #575,333
  • Jan 31, 2021 9:35pm Jan 31, 2021 9:35pm
https://charts.mql5.com/27/627/gbpusd-m1-tw-corp-3.png
"TIME AND PRICE IS ALL THERE IS"
  • #575,334
  • Jan 31, 2021 9:36pm Jan 31, 2021 9:36pm
VWAP comes through once again
"TIME AND PRICE IS ALL THERE IS"
  • #575,335
  • Jan 31, 2021 10:13pm Jan 31, 2021 10:13pm
Quoting W0lfram
Probably some move up tonight, loaded sell limit @ 1.372. Going to sleep{image}
Good shout, it's bought. Sell limit going in @ 3750.
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  • #575,336
  • Jan 31, 2021 10:45pm Jan 31, 2021 10:45pm
Quoting pinguin
Good Morning from indonesia, switch my laptop on this morning and found my short position closed with +profit (SL profit touched). and yet i open another short with reason : 1. daily candle cannot make a new high for 8 days 2. as mentioned before that my chart in my point of view show it's bearish divergence 3. Monthly chart show double Bottom (well at least from my point of view), which is indicate trend changed, but as shown in below pictures the major trend (monthly) is still downtrend. so, in my opinion it'll test the resistance(1.32875) first...
your chart shows compression @ resistance
below 4hr Inside Bar pattern
Attached Image (click to enlarge)
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  • #575,337
  • Jan 31, 2021 11:06pm Jan 31, 2021 11:06pm
Quoting KiwiTrada
{quote} your chart shows compression @ resistance below 4hr Inside Bar pattern {image}
you're right, yes indeed there is a compression. in my thought its been 8 day GBPUSD try to push upward and still not succeed yet, so i am expecting GBP experience lack of power to push more.

but i am expecting price will move downward as per Bearish Divergence on H4, D1, and W1 chart on my perspective. can i wrong ?? ofcourse but at least i share my view, and if i wrong i would not regret it due to i got something here in this forum to learn
Suro Diro Joyoningrat Lebur Dening Pangastuti
  • #575,338
  • Jan 31, 2021 11:15pm Jan 31, 2021 11:15pm
First long in at 1.3734 - first target 1.3759 then the next one 1.3800
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Don't trade what you think. Just what you see!!!
  • #575,339
  • Jan 31, 2021 11:41pm Jan 31, 2021 11:41pm
G/M, early morning here - Uk lockdown playing havoc with body clock again lol. Just getting set up to start own trading session 0630am local. 61.8% 3657-3751 @ the current dly lo where demand was met price reaching 3739 before a pullback to the prev 30min sw hi zone ...1hr is below.
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Trader with an Edge.
  • #575,340
  • Feb 1, 2021 12:00am Feb 1, 2021 12:00am
this spike, if i am trading, will short here.

However i am on Prop firm verification stage, just waiting for 7 more days.

So no trade.
Intraday only.
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