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Cable Update (GBPUSD)

  • #578,081
  • Feb 15, 2021 10:29am Feb 15, 2021 10:29am
Quoting Ilvez
I don’t have crystal ball. If I would I would surely set up trading signals service for the community {quote}
  • #578,082
  • Feb 15, 2021 10:32am Feb 15, 2021 10:32am
Quoting helioss
Bulls are back.....High Volume Breakout {image}
?? The PA looks exactly what I expected. There is just NO Volume on the upside to take. The SL are missing, I told that before. I really don't know what they are doing there, probably hope some let loose their shorts. I think it will get ugly soon for the longs, sucked in a lot at 1,3900 . If that level breaks significantly to the downside we will have a flush to the downside.

You have to know the moneymanagement from the big boys, than you understand the "flushes" in the market. Chart looks really ugly on long side, someone really pushes it, as I said before, I think that is closing old "brexit" threats. Taht would explain that weird PA. When that is finished, fasten your seatbelt.

In long term I would like the GBP gets stronger again but I think that time is over
  • #578,083
  • Feb 15, 2021 10:40am Feb 15, 2021 10:40am
...it will be interesting to see which way it breaks out of the potential rising wedge on mthly, below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #578,084
  • Feb 15, 2021 10:40am Feb 15, 2021 10:40am
I just closed my trade at 1.3916 WR1 , I just can't watch this any more. see you tomorrow.
  • #578,085
  • Feb 15, 2021 10:45am Feb 15, 2021 10:45am
Quoting Fix-it
I just closed my trade at 1.3916 WR1 , I just can't watch this any more. see you tomorrow.
please stay....
now it will get more interesting.
if this thing breaks, no one can Fix-it!!!!
If you don't know how to earn money, don't loose it.
  • #578,086
  • Feb 15, 2021 10:47am Feb 15, 2021 10:47am
Quoting Headland
{quote} Speaking of which, I bet the bears could do with one now ! Wkly R1 reached. {image}
Now that is what i call a Proper Sandwich (SW)

The Bears are having Bulls for lunch.

Le$$ I$ More
  • #578,087
  • Feb 15, 2021 10:58am Feb 15, 2021 10:58am
Quoting helioss
Bulls are back.....High Volume Breakout {image}
Run
  • #578,088
  • Feb 15, 2021 11:05am Feb 15, 2021 11:05am
Quoting Roszey
{quote} Now that is what i call a Proper Sandwich (SW) The Bears are having Bulls for lunch.
or is it a bear casserole for the bulls
Insane in the Brain..
  • #578,089
  • Feb 15, 2021 11:21am Feb 15, 2021 11:21am
Weekly R1 comes through for the bears
  • #578,090
  • Feb 15, 2021 11:37am Feb 15, 2021 11:37am
Quoting Headland
{quote} Speaking of which, I bet the bears could do with one now ! Wkly R1 reached. {image}
Weekly pivot stats for the last 4 years:

Weekly R2 hit without weekly pivot hit 6%
Weekly pivothit 77%
Weekly S1 hit and weekly R1 hit 9%
A fool and his money are easily parted
  • #578,091
  • Feb 15, 2021 11:38am Feb 15, 2021 11:38am
Finally some setup worth trading
Attached Image (click to enlarge)
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Fools Rushing
  • #578,092
  • Feb 15, 2021 12:04pm Feb 15, 2021 12:04pm
Cable is currently experiencing weakness. Finding it difficult to make new higher highs. Perhaps about the time to enjoy a temporary sell out to 1.385 zone. Let's watch.
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  • #578,093
  • Edited 12:24pm Feb 15, 2021 12:12pm | Edited 12:24pm
Cable having a weird grand mal seizure, is there some news out i'm not seeing?
  • #578,094
  • Feb 15, 2021 12:14pm Feb 15, 2021 12:14pm
Quoting mysterio
Cable aving a weird grand mal seizure, is there some news out i'm not seeing?
Corona virus update news at 18:00 BBC One London. Easing lockdown, vaccines, etc.
  • #578,095
  • Feb 15, 2021 12:16pm Feb 15, 2021 12:16pm
Quoting mysterio
Cable aving a weird grand mal seizure, is there some news out i'm not seeing?
Neither I see any latest news.
https://www.poundsterlinglive.com/usd

Where do you generally look for the news?
My observation may be wrong but intent correct. Stay calm!
  • #578,096
  • Feb 15, 2021 12:16pm Feb 15, 2021 12:16pm
Quoting mysterio
Cable aving a weird grand mal seizure, is there some news out i'm not seeing?
Was wondering the same thing..
  • #578,097
  • Feb 15, 2021 12:16pm Feb 15, 2021 12:16pm
BoJo was having a press conference about vaccination progress/lockdown around the same time. Dunno if HFT/algos kick in when they hear key words on the wire or something
  • #578,098
  • Feb 15, 2021 12:17pm Feb 15, 2021 12:17pm
Quoting BeeTogether
{quote} or is it a bear casserole for the bulls
Maybe...
Le$$ I$ More
  • #578,099
  • Feb 15, 2021 12:19pm Feb 15, 2021 12:19pm
Yes all the GBP pairs had it?
  • #578,100
  • Feb 15, 2021 12:19pm Feb 15, 2021 12:19pm
Quoting parshal
{quote} Neither I see any latest news. https://www.poundsterlinglive.com/usd Where do you generally look for the news?
I thought I was the only one observing the "funny seizure!"
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