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Cable Update (GBPUSD)

  • #578,021
  • Feb 15, 2021 7:49am Feb 15, 2021 7:49am
This 4 hour is about to close, I'd appreciate a nice bearish candle maybe even a break below 1.3880
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  • #578,022
  • Feb 15, 2021 7:51am Feb 15, 2021 7:51am
Quoting RCtrader
{quote} The triangle was broken on the way down. Let's monitor and see if it continues the bearish drive.
Exactly. Mainly uncommon that that happens but It made sense before it broke but as I mentioned above you have to view the whole picture. Or let's say it like that: In 60-65% such a triangle breaks above as it should be. In this specific case now it was probably only 40-50% probability. If you only watch GBP/USD you would have not known that, that's what I meant and that's what I also like on forex. It is more of a chess game than pure trading, you play with the highest trader elite in the world (my opinion).
  • #578,023
  • Feb 15, 2021 7:51am Feb 15, 2021 7:51am
Quoting Waveskierrob
{quote} if you are right," I quit my job and come and work for you"
you can't!
you are lockdown, aren't you?
If you don't know how to earn money, don't loose it.
  • #578,024
  • Feb 15, 2021 7:52am Feb 15, 2021 7:52am
Quoting RCtrader
{quote} The triangle was broken on the way down. Let's monitor and see if it continues the bearish drive.
yes , the bears have taken control
we need the h1 slot to be red
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yes yes yes
  • #578,025
  • Feb 15, 2021 7:55am Feb 15, 2021 7:55am
Quoting coolmakina
{quote} you can't! you are lockdown, aren't you?
i expect price to retrace up to 1.3899/1.3902 and then fall a bit to 1.3862.
If you don't know how to earn money, don't loose it.
  • #578,026
  • Feb 15, 2021 7:55am Feb 15, 2021 7:55am
@W0lfram: one hour stocastic divergence ... does works this time??? Who knows!
  • #578,027
  • Feb 15, 2021 8:00am Feb 15, 2021 8:00am
Quoting coolmakina
{quote} you can't! you are lockdown, aren't you?
we should be, but you wouldn't think so with the amount of traffic on the roads
  • #578,028
  • Feb 15, 2021 8:02am Feb 15, 2021 8:02am
Quoting Student21
{quote} Yep sounds ready for a short
Hold down your pants boys
A trader is as good as his stop loss. Understand your mistakes.
  • #578,029
  • Feb 15, 2021 8:02am Feb 15, 2021 8:02am
Quoting helioss
{quote} Failed with LOW Volume....
sold a bit @1,39
  • #578,030
  • Feb 15, 2021 8:05am Feb 15, 2021 8:05am
(that does not mean much below, just 2 short reasons but they are weak, as usual on forex, you need a lot of confirmations, that's probably not enough, candlestick encloses last 3 hours and stoc. 1 hour divergence)
Attached Image
  • #578,031
  • Edited 8:50am Feb 15, 2021 8:06am | Edited 8:50am
Quoting JackintheBox
@W0lfram: one hour stocastic divergence ... does works this time??? Who knows!
A lot of them on every TF, but... 5-10 pips is all what they can do)
Air force
  • #578,032
  • Feb 15, 2021 8:19am Feb 15, 2021 8:19am
Quoting Moty
{quote} yes , the bears have taken control we need the h1 slot to be red {image} {image}
  • #578,033
  • Feb 15, 2021 8:19am Feb 15, 2021 8:19am
Quoting Milan
{quote} sold a bit @1,39
with or without stop loss?
  • #578,034
  • Edited 10:21am Feb 15, 2021 8:36am | Edited 10:21am
Sell entry with 2:1 RRR . Not the best setup.


Busted. Loss 1 R
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GU1-2TO1c.png Size: 73 KB
Fools Rushing
  • #578,035
  • Feb 15, 2021 8:37am Feb 15, 2021 8:37am
Quoting Milan
{quote} sold a bit @1,39
I scalped +4 pips..... BIAS is LONG....pay attention
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 5 KB
  • #578,036
  • Feb 15, 2021 8:40am Feb 15, 2021 8:40am
Boys, you do know where the rate is going to, right?
It is going DOWN, of course!
Here is the proof:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-02-15 at 16.38.28.png Size: 23 KB
Maadik Hugiis. IQ 69.
  • #578,037
  • Feb 15, 2021 8:41am Feb 15, 2021 8:41am
Quoting MTF Test
Sell entry with 2:1 RRR . Not the best setup. {image}
i am not sure, be careful with sell orders

  • #578,038
  • Feb 15, 2021 8:45am Feb 15, 2021 8:45am
For anyone that’s shorting keep your SLs tight. The pair doesn’t want to drop at all.
Insane in the Brain..
  • #578,039
  • Feb 15, 2021 8:45am Feb 15, 2021 8:45am
Quoting mysterio
This 4 hour is about to close, I'd appreciate a nice bearish candle maybe even a break below 1.3880 {image} {image}
Prepared to ditch this at breakeven if it just keeps drifting up. The thin volumes are making today difficult. I should have maybe just grabbed 15 pips when they were on the table. The good news is DXY broke above 90.37 and is testing it now. Zero pips made today so far
  • #578,040
  • Feb 15, 2021 8:51am Feb 15, 2021 8:51am
Quoting Beyfor
{image}
Cable continues performing as anticipated.

Attached Image (click to enlarge)
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