Cable Update (GBPUSD)

Quoting Sang.Real

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{quote} Hi PipCenturion. Something like this on the price action pullback ? Thanks for your great analysis. Look forward reading to your posting everyday. {image}

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To which one are you referring to, cause I am a little confused?!?

Quoting pipcenturion

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1.36122 on my mind. Trade safe everyone!

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Quoting pipcenturion

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Could take until Monday next week considering the average daily range of 131 pips (using a 480 period look back).

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Quoting pipcenturion

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Please be careful Moty. We should see 1.3836

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Quoting pipcenturion

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Yes, I expect a drop.

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then i see 2 big 1h and 30min harmonics, in uptrend, and weird channel movement down, understand that odds its not for shorts

but still should go downs to 1.3820-30, and Monday will be fun, like previous

... questions now are how much supply in this prev swing hi zone to 3866, and will it test deeper in it ?

mysterio,...this should help...if GU goes higher Crab pattern possible,...I trade on small TF (15-30M)

GU

Quik scalp at RN

GBP/USD RECOVERS EARLY LOST GROUND, MOVES BACK ABOVE 1.3800 MARK

 

1. GBP/USD attracted some dip-buying on Friday and recovered a major part of intraday losses.
2. The USD pared early gains and was seen as a key factor lending some support to the major.
3. A sudden pickup in the US bond yields continued to underpin the USD and capped the upside.

The GBP/USD pair managed to recover a major part of its intraday losses to multi-day lows and has now moved back above the 1.3800 round-figure mark.


Following a muted reaction to better-than-expected UK GDP report, the pair attracted some dip-buying near the 1.3775 region and stalled this week's corrective slide from 34-month tops. The British pound remained well supported by growing optimism that the UK's lead in terms of the coronavirus vaccination drive could facilitate an earlier easing of lockdown restrictions.


On the other hand, the US dollar trimmed a part of its intraday gains amid a modest rebound in the US equity futures. This was seen as another factor that contributed to the intraday bounce of around 35 pips. That said, a sudden pick up in the US Treasury bond yields continued underpinning the buck and kept a lid on any further gains for the GBP/USD pair, at least for now.


The US bond market continued to react strongly to prospects for the passage of the US President Joe Biden's proposed $1.9 trillion COVID-19 stimulus package. This makes it prudent to wait for some strong follow-through buying before traders again start positioning for an extension of the GBP/USD's pair recent strong positive move witnessed over the past two weeks or so.


Market participants now look forward to Friday's only US data, the Michigan Consumer Sentiment Index for February. The data, along with the US bond yields and the broader market risk sentiment, will play a key role in influencing the USD price dynamics. This should assist traders to grab some short-term opportunities on the last day of the week.

Source: MT4

Might be a bit early on that kidda!!!

Switched to short
Tp open

Hi,
back again,
here is a spectrum of how very profitable account, with high winning rate, can be swiped out, without proper money management.
when i was doing only the basics, no bullshits, i had a steady growth...
then the feeling that, "'i'm the best, i can beat this market" takes advantage, you start to forget that this is BUSINESS, no bullshits is allowed, start to make your won indis... rely on theory...
account almost blown.
time to go back to ground zero and start all over.

at least i can still smile!
LOL

Itchy fingers

Small 0.21 cents .

Bet on the table.

SL placed.

TP set.

Just want to enjoy the weekend for the Camel Race.

Quoting Sang.Real

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{quote} {image}

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Killed

Yes short was logical on H1 and M30(no bottom here).H4 from yesteday it turned red(it is very heavy line,it never change in one moment,and stay red)( rise 1.38100-150)was ok but not like this.This is stop hunting and friday.I m in short but without stoploss TF was 1 H and M30.

There's a lot of Bull power, Sometime it takes a little breath before it takes off again!. If it takes out the 4 Hr highs. It might take off!!!

Quoting coolmakina

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at least i can still smile! LOL

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Put more strawberries in the yogurt?

IMO, Price is still heading upwards till it meets with someone to flirt with. May be 38550-650. I would only look for shorts (if any) from that zone.

Just my two cents. Cheers !

Have a great weekend !