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Cable Update (GBPUSD)

  • #577,701
  • Feb 12, 2021 7:50am Feb 12, 2021 7:50am
Quoting JackintheBox
{quote} Thanks...haven't seen it, makes sense the drop.
Treasuries broke out of a channel, check my yields chart it was just an ABC correction after hitting a psych level. GBP seems to have some decent buying pressure as it seems to be holding fast despite the dollar move.

The last drop on cable was off the 0.382 fib of the down move but I'm still holding out for either 0.5 or 0.618. DXY seems to be making a beeline to the gap earlier in the week maybe.
  • #577,702
  • Feb 12, 2021 7:50am Feb 12, 2021 7:50am
Quoting pipcenturion
{quote} Please be careful Moty. We should see 1.3836
why ? because of the invert h&s?
it's a trap
i will my sl above the neck line
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 37 KB
yes yes yes
  • #577,703
  • Feb 12, 2021 7:51am Feb 12, 2021 7:51am
Quoting pipcenturion
{quote} Please be careful Moty. We should see 1.3836
Are you expecting further drop after this level? I had a similar area in mind.
Attached Image (click to enlarge)
Click to Enlarge Name: cable 2.jpg Size: 183 KB
  • #577,704
  • Feb 12, 2021 7:57am Feb 12, 2021 7:57am
Quoting mysterio
{quote} Are you expecting further drop after this level? I had a similar area in mind. {image}
Yes, I expect a drop.
  • #577,705
  • Feb 12, 2021 7:57am Feb 12, 2021 7:57am
Dollar strong today but so is pound, price still above London open
  • #577,706
  • Feb 12, 2021 7:58am Feb 12, 2021 7:58am
Quoting Moty
{quote} why ? because of the invert h&s? it's a trap i will my sl above the neck line {image}
switched to long
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 40 KB
yes yes yes
  • #577,707
  • Feb 12, 2021 8:00am Feb 12, 2021 8:00am
Quoting pipcenturion
{quote} Please be careful Moty. We should see 1.3836
thanks bro . you save me some money
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 40 KB
yes yes yes
  • #577,708
  • Feb 12, 2021 8:00am Feb 12, 2021 8:00am
Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 9 KB
Together we can be strongest
Vantage Return This Month: na
  • #577,709
  • Feb 12, 2021 8:01am Feb 12, 2021 8:01am
Quoting Moty
{quote} switched to long {image}
  • #577,710
  • Edited 8:13am Feb 12, 2021 8:01am | Edited 8:13am
So this could be an ABC type move, currently in B (I know NOTHING about Elliot wave so could be talking shit).
Attached Image (click to enlarge)
Click to Enlarge Name: cable 2.jpg Size: 163 KB
  • #577,711
  • Feb 12, 2021 8:01am Feb 12, 2021 8:01am
Quoting Sang.Real
{quote} GU Scalping LONG @ L.O. {image}

GU

Scalp Long one more time.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 156.jpg Size: 277 KB
  • #577,712
  • Feb 12, 2021 8:05am Feb 12, 2021 8:05am
Quoting pipcenturion
{quote} Yes, I expect a drop.
you are so cool man
  • #577,713
  • Feb 12, 2021 8:09am Feb 12, 2021 8:09am
Quoting Rgkc
{quote} Information to consider. Thank you.
and USD/JPY expire 105.00 2.8bn..

both today in next 1hr
  • #577,714
  • Feb 12, 2021 8:13am Feb 12, 2021 8:13am
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Be careful. divergence zone. she can go anywhere from here. or she can go nowhere.
13836 its possible
but 13740 its possible to.
Studing..............
  • #577,715
  • Feb 12, 2021 8:13am Feb 12, 2021 8:13am
Quoting mysterio
{quote} Are you expecting further drop after this level? I had a similar area in mind. {image}
mysterio, this scenario is still in play...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 02.10215M.png Size: 96 KB
Always trade your own plan...I don't provide trading signals.
  • #577,716
  • Feb 12, 2021 8:15am Feb 12, 2021 8:15am
Can no ignore this bull pressure!! But the cannel is not out of play. Going for a quick 5 pips then a second one for the higher target. Its kind of a gamble as the bear channel is in play still!!!

Second chart targets
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2021-02-12 140111.png Size: 40 KB
Click to Enlarge Name: Screenshot 2021-02-12 141604.png Size: 43 KB
Don't trade what you think. Just what you see!!!
  • #577,717
  • Feb 12, 2021 8:16am Feb 12, 2021 8:16am
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Quoting smile
{quote} and USD/JPY expire 105.00 2.8bn.. both today in next 1hr
usdjpy expected level 105..
but does gu go to 13850?
It doesn't seem
Studing..............
  • #577,718
  • Feb 12, 2021 8:16am Feb 12, 2021 8:16am
ATR 37... good time for trend traders now... up possibilty > 70% now, I don't think the us-boys will push it down below 1,3775. ATR is too low still so it will go up probably.
  • #577,719
  • Feb 12, 2021 8:19am Feb 12, 2021 8:19am
Quoting Moty
{quote} thanks bro . you save me some money {image}
I think you should have waited some time to clear up your heard before engaging in another trade.
  • #577,720
  • Feb 12, 2021 8:19am Feb 12, 2021 8:19am
Quoting Coreg2004
{quote} mysterio, this scenario is still in play... {image}
Dear Corege thank you for your chart as it always help me to understand very easily your chart is always very clear with all details which help us newbies to understand the market.
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