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Cable Update (GBPUSD)

  • #578,741
  • Edited 2:19am Feb 18, 2021 2:06am | Edited 2:19am
[quote=Ziemowit;13415069]
Quoting mysterio
Out of any positions for now, this channel held perfectly, have to assume it's a flag for now and probably expect it to break up but not entering anything for now. If one of the edges coincides with a S/R,fib, pivot etc I will prob scalp it Coming up to the median point in a longer term ascending channel too so there is a possibility of going all the way down to 1.37ish 1.38650 looks good for a short imo
Yes it was very tempting.. opening positions around 8am is pretty risky imo it can move pretty suddenly.. fully margined in Gold so just going to watch cable until I see something too good to pass up, that or I get taken out breakeven which looks increasingly likely

Yea this could be a fake move up but if its' still up here at 9am 1.38650 might be a good buy

Really wishing I held that long from 1.3830, I only grabbed 30 pips

Attached possible scenario
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  • #578,742
  • Feb 18, 2021 2:08am Feb 18, 2021 2:08am
THOR is coming
  • #578,743
  • Feb 18, 2021 2:08am Feb 18, 2021 2:08am
Quoting Sang.Real
{quote} Hi Moty, I'm seeing this set up. Chart below. Guess have to wait for L.O. to enter the trade ( if the set up confirm). Thanks for your input that will help me to evaluate trading opportunities. Keep up your good work And May Green Pips Be with You. Sang Real {image}

GU

Scalping long

H1 Rejection at L.O.
Attached Image (click to enlarge)
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  • #578,744
  • Feb 18, 2021 2:08am Feb 18, 2021 2:08am
Morning all seems like an early start for the bulls...

I see a buy signal from IG at 138 meaning it anticipates a drop towards there at some time
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Insane in the Brain..
  • #578,745
  • Feb 18, 2021 2:09am Feb 18, 2021 2:09am
4hr bullish hidden div is present @ y/day's lo. 4hr below.

How strong are the bulls now?
Attached Image (click to enlarge)
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Trader with an Edge.
  • #578,746
  • Feb 18, 2021 2:17am Feb 18, 2021 2:17am
... 2 x desc t/lines breached to upside on 1hr...challenging a prev 1hr sw (swing) hi zone =prev res = pot res to 3886 now, @ the top of it / 76.4% fib....1hr below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #578,747
  • Feb 18, 2021 2:18am Feb 18, 2021 2:18am
it can go either way now , but i am sticking with my plan , maybe it's euphoria , maybe it's geniuses ,
i can't recemented anyone to stay in , maybe it's beter to wait for a break down , at least of a 15m candle low
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yes yes yes
  • #578,748
  • Feb 18, 2021 2:20am Feb 18, 2021 2:20am
Quoting BeeTogether
Morning all seems like an early start for the bulls... I see a buy signal from IG at 138 meaning it anticipates a drop towards there at some time {image}
scale 1 to 5

1 fake
5 true

3 neutral

?
  • #578,749
  • Feb 18, 2021 2:22am Feb 18, 2021 2:22am
target 1.38880 (before 1.39) before switch to short
  • #578,750
  • Feb 18, 2021 2:22am Feb 18, 2021 2:22am
...or is it a4hr bear flag ??? 4hr below.
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Trader with an Edge.
  • #578,751
  • Feb 18, 2021 2:23am Feb 18, 2021 2:23am
now the fair is free again.
02/08/2021 .------ It had a correction date of 11/02/2021.
2021,02,16 .-- had an adjustment date of 2021,02,17.
now the game starts again.
  • #578,752
  • Feb 18, 2021 2:24am Feb 18, 2021 2:24am
opps
1.38880 (sl)

1.3930 before last high1.3950 before going for short
  • #578,753
  • Feb 18, 2021 2:28am Feb 18, 2021 2:28am
... 50% of the total 3951-3828 fall reached at the current dly hi. Nice move - loads of momentum.
Trader with an Edge.
  • #578,754
  • Feb 18, 2021 2:29am Feb 18, 2021 2:29am
well done daxi , you are the master of fakeys
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yes yes yes
  • #578,755
  • Feb 18, 2021 2:32am Feb 18, 2021 2:32am
Quoting tiborf71
now the fair is free again. 02/08/2021 .------ It had a correction date of 11/02/2021. 2021,02,16 .-- had an adjustment date of 2021,02,17. now the game starts again.
CORRECTLY.
now the fair is free again.
08/02/2021 .------ It had a correction date of 11/02/2021.
2021,02,16 .-- had an adjustment date of 2021,02,17.
now the game starts again.
  • #578,756
  • Feb 18, 2021 2:32am Feb 18, 2021 2:32am
Hope all of you did not fall into the bear trap
Damage
  • #578,757
  • Feb 18, 2021 2:33am Feb 18, 2021 2:33am
GBP always Waw Us giving more than we need

holy, loya.
  • #578,758
  • Feb 18, 2021 2:33am Feb 18, 2021 2:33am
waiting for a new LL
Attached Image (click to enlarge)
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yes yes yes
  • #578,759
  • Feb 18, 2021 2:38am Feb 18, 2021 2:38am
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}
Hi Guys, we have reached the 50% Fib retrace at 1.38902 of this week's down move. I will carefully monitor if price stalls here and look for bearish hints to add another sell trade. We could have a test of the round number at 1.3900. A break above yesterdays high at 1.39033 could mean the end of bears.
Will update later.
Cheers.
Trade to trade another day
  • #578,760
  • Feb 18, 2021 2:39am Feb 18, 2021 2:39am
GU is not in bear mode and will go down so be careful and ride bears
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