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Cable Update (GBPUSD)

  • #577,141
  • Feb 10, 2021 2:57am Feb 10, 2021 2:57am
Quoting parshal
{quote} Thank you Cooreg for your remarks. Somehow my analysis worked But this Cable does not seems to respect any analysis at the moment. It just climbs and on.

I did not wanted to work this as well. Means GU going up towards 1.388.
https://www.forexfactory.com/thread/...3#post13401963

I had myself closed my long positions at 1.377 breakout.
My observation may be wrong but intent correct. Stay calm!
  • #577,142
  • Feb 10, 2021 2:57am Feb 10, 2021 2:57am
Quoting kk300
Maybe this is it before any meaningful fall... {image}
Achieved.. 110 pip banked from 3740.
  • #577,143
  • Feb 10, 2021 2:57am Feb 10, 2021 2:57am
MOTY is crying now because all his prediction have went wrong.
  • #577,144
  • Feb 10, 2021 3:01am Feb 10, 2021 3:01am
Quoting Onlytrader
MOTY is crying now because all his prediction have went wrong.
Moty has a big heart for Queen.
My observation may be wrong but intent correct. Stay calm!
  • #577,145
  • Feb 10, 2021 3:02am Feb 10, 2021 3:02am
Last chance
Make it a bulls trap
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20210210_110203.jpg Size: 425 KB
yes yes yes
  • #577,146
  • Feb 10, 2021 3:03am Feb 10, 2021 3:03am
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 54 KB
  • #577,147
  • Feb 10, 2021 3:03am Feb 10, 2021 3:03am
Quoting Onlytrader
MOTY is crying now because all his prediction have went wrong.
Hey genius, 1) have you made any trade suggestions here, and 2) are they all 100% correct?Don't push someone's head when they're already down.
Lost....
  • #577,148
  • Feb 10, 2021 3:03am Feb 10, 2021 3:03am
Quoting Onlytrader
MOTY is crying now because all his prediction have went wrong.
I think everyone will be right and wrong. Nobody can be 100% accurate even the big banks. See GME is the example. So, Moty will be recover and come back
Damage
  • #577,149
  • Feb 10, 2021 3:03am Feb 10, 2021 3:03am
The 'smart money' has been long this pairing, how do I know that? because the price has been rising...simple as! Read the PA, read the trend on the t/f's of interest to you, and if you need to - for your edge, understand what the fundies are telling us, (not always clear I know.)

At some point price will probably have a significant pullback or more, but it is not inevitable just because price keeps rising. At that point the bears who sold lower may still be in if they haven't been shaken out first, but they were wrong, or maybe they think they were right - but at the wrong time - same thing.

That 150% extension of 3759-3566 mentioned in earlier post @ the current dly hi.

Done for today, G/L all.
Trader with an Edge.
  • #577,150
  • Feb 10, 2021 3:06am Feb 10, 2021 3:06am
Added short at 1.3846
My observation may be wrong but intent correct. Stay calm!
  • #577,151
  • Feb 10, 2021 3:06am Feb 10, 2021 3:06am
Leave 3 remaining.
Attached Image (click to enlarge)
Click to Enlarge Name: 1a527eadbee877fabc7729d29ccf53bc.png Size: 38 KB
  • #577,152
  • Feb 10, 2021 3:06am Feb 10, 2021 3:06am
i thought were always bullish on pound ;D so pound its just trending higher and higher, could do this for months, little by little
  • #577,153
  • Feb 10, 2021 3:06am Feb 10, 2021 3:06am
Quoting Sang.Real
{quote} GU Stopped Out. {image}

GU

One more attempt for scalping short.

SL/TP as per chart.

Any comment are welcome for educational purposes.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: GU 143.jpg Size: 211 KB
  • #577,154
  • Feb 10, 2021 3:06am Feb 10, 2021 3:06am
Quoting Onlytrader
where is the next resistance
Next resistance is 1.395
  • #577,155
  • Feb 10, 2021 3:08am Feb 10, 2021 3:08am
Quoting Moty
Unbelievable, the fucking crooks went for my stop Lucky i removed it ,and left it only at 1/5 of my position {image} {image}
moty , have a little patience .Patience is a good thing. I do not think we can see below 90.08~12 for DXY .I'm waiting a reversal for DXY.
Finally, there will be celebrations and lights in our alley. "An Iranian proverb"
  • #577,156
  • Feb 10, 2021 3:09am Feb 10, 2021 3:09am
Quoting Headland
The 'smart money' has been long this pairing, how do I know that? because the price has been rising...simple as! Read the PA, read the trend on the t/f's of interest to you, and if you need to - for your edge, understand what the fundies are telling us, (not always clear I know.) At some point price will probably have a significant pullback or more, but it is not inevitable just because price keeps rising. At that point the bears who sold lower may still be in if they haven't been shaken out first, but they were wrong, or maybe they think they were...
FYI; China closes till next week.
You are simply seeing offloading before their Banks close for the Holidays.
  • #577,157
  • Feb 10, 2021 3:09am Feb 10, 2021 3:09am
Mini h&s on min chart?
  • #577,158
  • Feb 10, 2021 3:09am Feb 10, 2021 3:09am
Short at 1.38503, round number/fib ext level. TP open. DXY at important support levels. I will lock this in at BE as soon as possible. No haters!
  • #577,159
  • Feb 10, 2021 3:11am Feb 10, 2021 3:11am
should not break 3857/59.

Back to daily pivot.

IMO
Intraday only.
  • #577,160
  • Feb 10, 2021 3:19am Feb 10, 2021 3:19am
Quoting Moty
Last chance Make it a bulls trap {image}
Moty with you holding my shorts and firm on it 100% sure it will reverse from here. Do not listen to any one and stuck with your plan.
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