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Cable Update (GBPUSD)

  • #578,601
  • Feb 17, 2021 8:59am Feb 17, 2021 8:59am
Quoting BeeTogether
A nice drop from Yesterday’s highs however not enough for me yet. Will keep an eye open on this pair as long as it stays below 139 I think a drop just over 138 is possible. can’t find the correct indicator setting on IG to view the current overbought and over sold status
RSI the most common, should be on there. I think this is what you mean?
  • #578,602
  • Feb 17, 2021 9:03am Feb 17, 2021 9:03am
m15, after a reverse upthrust with high volume, a ND bar?
no bulls?
If you don't know how to earn money, don't loose it.
  • #578,603
  • Feb 17, 2021 9:04am Feb 17, 2021 9:04am
Keep an eye on the DX index if you are shorting GU...DX is in a possible reversal zone and can have a bounce of the TL...
Attached Image (click to enlarge)
Click to Enlarge Name: DX 02.17.2H.png Size: 128 KB
Always trade your own plan...I don't provide trading signals.
  • #578,604
  • Feb 17, 2021 9:06am Feb 17, 2021 9:06am
Quoting Coreg2004
Keep an eye on the DX index if you are shorting GU...DX is in a possible reversal zone and can have a bounce of the TL... {image}
If you don't know how to earn money, don't loose it.
  • #578,605
  • Feb 17, 2021 9:10am Feb 17, 2021 9:10am
Quoting Sang.Real
{quote} GU Detail plan for trading set up. Any comment welcome Thank You {image}
yeh, it's a prev 1hr swing hi zone certainly and there could be sellers waiting there - if reached it's best to see what PA does on t/f's below it and judge accordingly....meantime the prev 1hr sw lo zone = prev supp=potential sbr 3854- 60 has seen sellers waiting as price rejected it from the pullback from 3842 current dly lo... see 1hr chart below. G/L with it if price tests that area.
--------------------------------------------

How strong are the bears now - can they push south of this dly prev sw hi zone = prev res=pot rbs to circa 3837, or are the bulls using it as a 'base camp' for another assault on the summit?
Attached Image (click to enlarge)
Click to Enlarge Name: bdcc4c4ee43c37fd2a8b77db5987bb57.png Size: 42 KB
Trader with an Edge.
  • #578,606
  • Feb 17, 2021 9:11am Feb 17, 2021 9:11am
Quoting mysterio
{quote} RSI the most common, should be on there. I think this is what you mean?

perfect that you mate!!
Insane in the Brain..
  • #578,607
  • Feb 17, 2021 9:13am Feb 17, 2021 9:13am
time view basis

London close in 2 hours
US open already 2 hours
Total US open 9 hours

So after London close : left 5 hours to go
Minus 2 hours price become slow and muted: So US have 3 hours to move the price either up or down

Anyway already 2 hours the support stand.
So highly unlikely it will breached

Anyway time will tell

Cheers
  • #578,608
  • Feb 17, 2021 9:23am Feb 17, 2021 9:23am
Quoting BeeTogether
{quote} perfect that you mate!!
Highly recommend getting on tradingview for charting though. I'm on IG too, do the charting on tradingview and input on IG. Much cleaner interface, works waay better. It improved my trading a lot by making the switch.
  • #578,609
  • Feb 17, 2021 9:23am Feb 17, 2021 9:23am
Quoting Wavegarrick
{quote} Hi Guys, My trades from this morning working out nicely. I must also say that I have been following Shahab8 for a couple of months now and have picked up a great deal from him. Thanks, Shahab. I have opened my first trades at the 61.8% Fib retrace against the grain and locked in. Price must do what it has to. Have a great day. Cheers. {image}
so we can buy now ?
  • #578,610
  • Feb 17, 2021 9:23am Feb 17, 2021 9:23am
gold for 11-14 points
Attached Image (click to enlarge)
Click to Enlarge Name: go.png Size: 37 KB
yes yes yes
  • #578,611
  • Feb 17, 2021 9:26am Feb 17, 2021 9:26am
Yes, and UJ has printed a double-top from nice bullrun, for UJ...

I am for the GU bulls but no skin in the game now.

Quoting Coreg2004
Keep an eye on the DX index if you are shorting GU...DX is in a possible reversal zone and can have a bounce of the TL... {image}
  • #578,612
  • Edited 10:03am Feb 17, 2021 9:26am | Edited 10:03am
Quoting mysterio
Closed for +40 4xR, going to re short at indicated area EDIT- short again 1.3861 {image}
Closed +20 2xR, getting ready to go long soon at 1.3826ish

With that said I took the long from 13839 just in case this is a double bottom, will close at BE if it's not ready to pop

EDIT- CLOSED another +20
Attached Image(s) (click to enlarge)
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  • #578,613
  • Feb 17, 2021 9:26am Feb 17, 2021 9:26am
Quoting mysterio
{quote} Highly recommend getting on tradingview for charting though. I'm on IG too, do the charting on tradingview and input on IG. Much cleaner interface, works waay better. It improved my trading a lot by making the switch.
thank you will have a look at that too
Insane in the Brain..
  • #578,614
  • Feb 17, 2021 9:38am Feb 17, 2021 9:38am
Quoting Ilvez
Yes, and UJ has printed a double-top from nice bullrun, for UJ... I am for the GU bulls but no skin in the game now. {quote}
Ilvez, GU might not be ready yet...I just wanted to sharpen the focus of my fellow traders here because this bc leg on GU 30M chart doesn't look to me like an impulse wave.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 02.17.30M.png Size: 107 KB
Always trade your own plan...I don't provide trading signals.
  • #578,615
  • Feb 17, 2021 9:43am Feb 17, 2021 9:43am
stubborn, doesn't want to reach my buy limit.
i need 1.38371
it's just 2 pips lower than the current low...
"Crooks knows i'm about to long?"
If you don't know how to earn money, don't loose it.
  • #578,616
  • Feb 17, 2021 9:47am Feb 17, 2021 9:47am
Quoting coolmakina
stubborn, doesn't want to reach my buy limit. i need 1.38371 it's just 2 pips lower than the current low... "Crooks knows i'm about to long?"
tkxs,
i'm in long.
If you don't know how to earn money, don't loose it.
  • #578,617
  • Feb 17, 2021 9:48am Feb 17, 2021 9:48am
2 ingulfing bearish candles , bye bye gu , see you at 1.37800-1.38000
Attached Image(s) (click to enlarge)
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yes yes yes
  • #578,618
  • Feb 17, 2021 9:55am Feb 17, 2021 9:55am
ABC with the b formed into abc so big C is an impulse wave.

Attached Image (click to enlarge)
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Follow The Markets Structure - Patience and Discipline
  • #578,619
  • Feb 17, 2021 9:56am Feb 17, 2021 9:56am
Quoting Sang.Real
{quote} GU Detail plan for trading set up. Any comment welcome Thank You {image}

GU

Scalping LONG till L.C.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 179.jpg Size: 274 KB
  • #578,620
  • Feb 17, 2021 9:58am Feb 17, 2021 9:58am
sl at be+1 and trailing.
Attached Image
either 1 pip or wherever it takes... free trade. (kind of).
Stay cool.
no more trading for me today.
only chart watch.
If you don't know how to earn money, don't loose it.
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