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Cable Update (GBPUSD)

  • #576,861
  • Feb 9, 2021 1:51am Feb 9, 2021 1:51am
Morning all! Finally my long from what it feels like years ago goes north beyond my B/E. SL now moved to B/E +1 at 13759.
Insane in the Brain..
  • #576,862
  • Feb 9, 2021 2:04am Feb 9, 2021 2:04am
GU forming a W pattern on 5MTF. Bears be aware.
  • #576,863
  • Edited 9:41am Feb 9, 2021 2:28am | Edited 9:41am
Quoting MTF Test
{quote} Nice catch. How did you pull this off at this price?
close the long first
then short

im trading using VPS
fast ping to broker server

as i already mention that my tp plan around 65 pips
but i close too early (fear of losing)
and enter short
if i follow my tp - then i will have a better price for short
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  • #576,864
  • Feb 9, 2021 2:35am Feb 9, 2021 2:35am
Quoting Waveskierrob
{quote} Not being funny but did you say big drop coming on the 4 Feb just before it shot up 70 pips
  • #576,865
  • Feb 9, 2021 2:36am Feb 9, 2021 2:36am
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yes yes yes
  • #576,866
  • Feb 9, 2021 2:38am Feb 9, 2021 2:38am
someone here not planning to buy it?
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  • #576,867
  • Feb 9, 2021 2:52am Feb 9, 2021 2:52am
...25pip london range so far...23.6% of y/day's lo - today's current hi seeing some demand on the drop to it. 1hr below.
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Trader with an Edge.
  • #576,868
  • Feb 9, 2021 2:54am Feb 9, 2021 2:54am
Quoting SteadyAsItGo
{quote} close the long first then short im trading using VPS fast ping to broker server {image} {image} {image}
Attached Image
Observer effect
  • #576,869
  • Feb 9, 2021 2:54am Feb 9, 2021 2:54am
Quoting gatenio
someone here not planning to buy it? {image}
if i hit SL at 13759 that bottom line would be a great entry point for 138
Insane in the Brain..
  • #576,870
  • Feb 9, 2021 2:57am Feb 9, 2021 2:57am
Quoting abconqq7
NEXT 1.36942// 1.32013 A big drop is coming
100 % I agree.
  • #576,871
  • Feb 9, 2021 3:05am Feb 9, 2021 3:05am
I long at 1.37663 with 1.37863 TP. I hope I will reach the TP. DXY acted weird lately,
  • #576,872
  • Feb 9, 2021 3:06am Feb 9, 2021 3:06am
Still waiting patiently for that move down briefly to 3710-3730 zone area for a nice push towards 3835. We are getting ready guys for an up show!
Attached Image
  • #576,873
  • Feb 9, 2021 3:07am Feb 9, 2021 3:07am
Hello everybody...i liked to share my view for the expected path of GBPUSD pair.. in my judgement i see no major obstacle for this pair to advance up before 1.3920..my best wishes for you all.
  • #576,874
  • Feb 9, 2021 3:15am Feb 9, 2021 3:15am
Quoting Jonadab
Still waiting patiently for that move down briefly to 3710-3730 zone area for a nice push towards 3835. We are getting ready guys for an up show!{image}
I really don't trust this indicator. It's really messed up with me a lot
  • #576,875
  • Edited 3:52am Feb 9, 2021 3:20am | Edited 3:52am
I notice a divergence with DXY- DXY plummeting while GBPUSD hardly moving, meaning theres GBP selling pressure. We are at the bottom of a channel on DXY so it may be about to reverse, so I reckon its a good time to short cable 1.3780.

Same basis for a short- divergence and supply zone on 4h
  • #576,876
  • Feb 9, 2021 3:21am Feb 9, 2021 3:21am
my trade setting very simple
1 minute chart

bb shift
rsi
stoch

if go different direction add trade after reaching against range 45 to 60
i will mutiply by 1.5 to 2

purely technical (don't care other factor)

i already scan through all 1m chart last year

worst month March (can add to 4 to 5 trades) (hope not happen again because have to use more capital)
5 x 45 (225) 4 x 45 (180) before retrace to get profit (close all 5) - i mean it did retarce but didn't get +ve profit from the trades
others worst months May July Sep
other months max trade only 3

anyway i can say 100% winning

below GU Daily chart

for example
6 trades = same profit
5 trades = same profit
4 trades = same profit
3 trades = same profit
2 trades = same profit

1 trade = TP set (lower than above profit) - target TP 50 to 65 pips
- need to get this TP in order so the RSI and STOCH are not standing in the middle

anyway anyone have own style
i just follow my style as long gave me profit
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  • #576,877
  • Feb 9, 2021 3:47am Feb 9, 2021 3:47am
Quoting pipfarm
The 4h completed an abc short correction to the daily uptrend with the first leg of the continuation complete on the 1h Looks like the first leg of the larger 1 hour up swing has completed and price is moving into a correction with the first minor leg in play currently , once this correction is over will start looking for longs again. {image}

Spot on again

before
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after
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Follow The Markets Structure - Patience and Discipline
  • #576,878
  • Feb 9, 2021 3:47am Feb 9, 2021 3:47am
The drop is coming
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yes yes yes
  • #576,879
  • Feb 9, 2021 3:51am Feb 9, 2021 3:51am
gold 1h- if someone interested
planning to scalp short 1850.8 (my broker)
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  • #576,880
  • Feb 9, 2021 3:57am Feb 9, 2021 3:57am
Quoting Moty
The drop is coming {image}
I am waiting since morning
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