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Cable Update (GBPUSD)

  • #578,161
  • Feb 16, 2021 1:27am Feb 16, 2021 1:27am
and
D1 sup is 1.38125
  • #578,162
  • Feb 16, 2021 1:28am Feb 16, 2021 1:28am
Quoting helioss
Next Asia Session Will tell US if pullback or new high
New High & Closed +40pips

Now i'm FLAT, let's see where to enter
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 3 KB
  • #578,163
  • Feb 16, 2021 1:31am Feb 16, 2021 1:31am
Short in at 1.3922 target 6 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-02-16 073048.png Size: 35 KB
Don't trade what you think. Just what you see!!!
  • #578,164
  • Feb 16, 2021 1:32am Feb 16, 2021 1:32am
and far beyond support is W1 sup = 1.36820

highest is 1.39507

so the distance from W1 sup to highest obtained = 268.7 pips
  • #578,165
  • Feb 16, 2021 1:34am Feb 16, 2021 1:34am
We are into pullback, BAIS is STILL LONG

Green pips to all
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 18 KB
  • #578,166
  • Feb 16, 2021 1:36am Feb 16, 2021 1:36am
Meters Bias: 1H & 1D LONG, 15min FLAT (next to TURN SHORT)
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 34 KB
  • #578,167
  • Feb 16, 2021 1:37am Feb 16, 2021 1:37am
... 15 and 30min bullish hidden div present, 30 probably good as long as 3900 holds. Could develop more if price goes down further toward 3900.
Trader with an Edge.
  • #578,168
  • Feb 16, 2021 1:40am Feb 16, 2021 1:40am
GBPUSD has formating Evening Star on H1, so i Sell it to 1.3840
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 16 Feb.png Size: 16 KB
Ahmed Mostafa
  • #578,169
  • Feb 16, 2021 1:42am Feb 16, 2021 1:42am
Quoting Headland
{quote} Honestly, institutional traders placing big orders in low liquidity leading to exaggerated moves is nothing new and is not manipulation, it is a positive corollary of their size, that is all. These traders are not interested in retail - it doesn't even occur to them because in total they are so small...I know, I used to be one of them. It's just a myth put around by retailers looking for an excuse for their inability to turn a consistent profit.
I understand you and thanks for the insights. To earn money as a trend trader in that market is really easy when you check different entry strategies. Of course it feels great to be on trend side now, but that has nothing to do with normal market condition. I think last time we had such weird moves (by the way these were two of these moves in a row) we had years ago... so who trys to earn money with that don't know the stats (losing longterm) or is just "happy" to see so nice easy earning money.

You also can see on the swings that sth. is out of order. I think normal big money surfing on the back of the REAL BIG money (who currently have to buy back GBP because of massive shorting in Brexit times) so of course they over do it, as usual. What will happen is a huge reversal - until the REAL BIG money is stepping in again but as I said before, I think 1,40 or even 1,39 is the limit of buying, else they make a loss.

Anyway it is going to deep now. I just want to mention: Trend trading currently is very easy (not normal condition) and market has a huge correction potential.
  • #578,170
  • Edited 1:59am Feb 16, 2021 1:43am | Edited 1:59am
Fibonacci on Hourly Chart says .3917/.3907 could be a good area for ending pullback, volumes have to confirm it
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 23 KB
  • #578,171
  • Feb 16, 2021 1:47am Feb 16, 2021 1:47am
Quoting helioss
Fibonacci on Hourly Chart says .3717/.3707 could ba a good area for ending pullback, volumes have to confirm it {image}
.3717 or .3917?
  • #578,172
  • Edited 1:10pm Feb 16, 2021 1:47am | Edited 1:10pm
i
  • #578,173
  • Edited 2:09am Feb 16, 2021 1:48am | Edited 2:09am
Quoting Theoak
Short in at 1.3922 target 6 pips {image}
In at 1.3926 + 2x 1.3922
OUT
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-02-16 074800.png Size: 37 KB
Don't trade what you think. Just what you see!!!
  • #578,174
  • Feb 16, 2021 1:53am Feb 16, 2021 1:53am
Quoting Ehsank78
{quote} .3717 or .3917?
Sorry .3917 3907
  • #578,175
  • Feb 16, 2021 1:54am Feb 16, 2021 1:54am
Quoting Yngwie
3950 ~ 3970 is good idea to short with little SL {image}
Execute as planned. Selling from 3949. so far so good
Attached Image
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #578,176
  • Feb 16, 2021 2:00am Feb 16, 2021 2:00am
Quoting Sang.Real
{quote} GU L.O. with noob entry hoping price will go down.... Add to Scalping position..... {image}

GU

24 hours later.......

To hold or to take loss. ?



Any comment welcome.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: GU 167.jpg Size: 273 KB
  • #578,177
  • Edited 12:38pm Feb 16, 2021 2:04am | Edited 12:38pm
  • #578,178
  • Feb 16, 2021 2:05am Feb 16, 2021 2:05am
HI sup change to
1.39112
  • #578,179
  • Feb 16, 2021 2:06am Feb 16, 2021 2:06am
Quoting Sang.Real
{quote} GU 24 hours later....... To hold or to take loss. ? Any comment welcome. Thanks {image}
Try to hold it. Gap need to be filled
  • #578,180
  • Feb 16, 2021 2:08am Feb 16, 2021 2:08am
Quoting Sang.Real
{quote} GU 24 hours later....... To hold or to take loss. ? Any comment welcome. Thanks {image}
5 up, 1 down, 3 up, 1 down, 5 up, - this has been the pattern of the last several weekly candles, this week could repeat the pattern - ie one down ? Who knows - it's gotta be your decision.
Trader with an Edge.
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