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Cable Update (GBPUSD)

  • #578,821
  • Feb 18, 2021 4:11am Feb 18, 2021 4:11am
profits in lock.
i pretend to close and reverse at 1.3936 or 1.3954 depending on PA.
or sl hit.
stay cool
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If you don't know how to earn money, don't loose it.
  • #578,822
  • Feb 18, 2021 4:13am Feb 18, 2021 4:13am
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}
Is this information from IG FREE?
  • #578,823
  • Feb 18, 2021 4:14am Feb 18, 2021 4:14am
Quoting Sang.Real
{quote} Hi Cool, It's Newbie Luck, not skill. Maybe in 5 years from now, I will acquire those skill with proper guidance from Professional Traders in this thread. Hope to have perseverance in the next 5 years. Thanks for helping me. Sang Real
right.
If you don't know how to earn money, don't loose it.
  • #578,824
  • Feb 18, 2021 4:15am Feb 18, 2021 4:15am
reading this whole thread, almost everyone trades according to the traditional method, s / r levels, macd, fibonacci, ..........
and a lot of shit that doesn't work.
what's the point of this?
  • #578,825
  • Feb 18, 2021 4:17am Feb 18, 2021 4:17am
My TP is at 1.3943 from last night trade from 1.3953. then i thing it will go south. and i will short from 1.3943.
  • #578,826
  • Feb 18, 2021 4:17am Feb 18, 2021 4:17am
Quoting JackintheBox
Unfortunately Wolfram is offline. I was short. I could have lasted a bit longer but not much, made profit in the end. {image} We had again a extreme huge unusual move in GBP/USD up to 1,39xx area. It was a double move. We have that about twice per year. So MTF Test is correct when he mentions the moves are weird. Again, I can only repeat: As a trend trader currently you have to make your money. That time is extremely unusual. The disruptions get bigger now.
As I told yesterday, bulls is still in control.
Damage
  • #578,827
  • Feb 18, 2021 4:18am Feb 18, 2021 4:18am
we already made from RDL to RDH, anything above this, it's already stretching.
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If you don't know how to earn money, don't loose it.
  • #578,828
  • Feb 18, 2021 4:18am Feb 18, 2021 4:18am
Quoting Glorybound
{quote} Is this information from IG FREE?
no idea I have a signal tab on the app that i usually snapshot and post
Insane in the Brain..
  • #578,829
  • Feb 18, 2021 4:18am Feb 18, 2021 4:18am
Quoting Ilvez
I am a master of missed opportunity...where is the dip for buying? {quote}
Mate, I don't even know what the next tick in price will be let alone the next pip, or where it might go in the next 1min, 5min, 1hr, 4hr, day etc... - none of us do...all you can do (if you trade this way) is assess the conditions on t/f's of interest to you (ranging or trending)...mark the potential supp/res/sbr/rbs areas and see if price reaches one of them and make a decision whether to trade from them or not based on a repeating pattern that is confirmed by PA (or not!) I never make predictions, and I have no expectations, I just trade my edge when it set's up. I have no idea which particular trade will be a winner or loser only that over a sample of x I have a positive expectancy if I stay disciplined and follow the edge. That's it.
Trader with an Edge.
  • #578,830
  • Feb 18, 2021 4:18am Feb 18, 2021 4:18am
going long from 1770 is advisable for gold.

To me only.
Intraday only.
  • #578,831
  • Feb 18, 2021 4:18am Feb 18, 2021 4:18am
Quoting vmelnikov
SL 1.39300 TP open {image}
Id be careful of the SL mate it’s trending very close to it. Maybe move to the 13955?
Insane in the Brain..
  • #578,832
  • Feb 18, 2021 4:20am Feb 18, 2021 4:20am
Quoting tiborf71
reading this whole thread, almost everyone trades according to the traditional method, s / r levels, macd, fibonacci, .......... and a lot of shit that doesn't work. what's the point of this?
the point is to make money.
is there any other way to trade beside the traditional?
can you teach us, please?
If you don't know how to earn money, don't loose it.
  • #578,833
  • Feb 18, 2021 4:21am Feb 18, 2021 4:21am
Market out of balance...probably we ll stay in a range until this afternoon....
Twitter: Rummer_grapes
  • #578,834
  • Feb 18, 2021 4:23am Feb 18, 2021 4:23am
Quoting Moty
the drop will start at 1.39220 area {image}
Hi Moty,

It's far riskier trying to pick the top than to wait for price action to confirm the move. The trend is bullish and it looks more likely to retest the high of 1.3950 from here than to reverse. The higher timeframe is KING.
  • #578,835
  • Edited 4:43am Feb 18, 2021 4:25am | Edited 4:43am
Hi Traders

GBP/USD Multi-Timeframe analysis

H1 CHART

Waiting for a retracement lower towards the 1.38945 support level , in order to reinstate LONG positions. Next important support is the 1.38761 level.

Support & Resistances
1.38945 1.39181
1.38761 1.39354
1.38388 1.39507

H4 CHART

A high probability, entry signal to go LONG was given at 1.38780 after the market found support at 1.38264 . Only the downward break of 1.38264 would cancel the bullish scenario.

Support & Resistances
1.38283 1.38650
1.37748 1.38761
1.35644 1.39507

DAILY CHART

Waiting for a retracement lower towards the 1.37027 support level , in order to reinstate LONG positions. Next important support is the 1.36234 level.

Support & Resistances
1.37027 1.39507
1.36234 1.41053
1.35378 1.45180

WEEKLY CHART

Waiting for a retracement lower towards the 1.34812 support level , in order to reinstate LONG positions. Next important support is the 1.30112 level.

Support & Resistances
1.34812 1.39573
1.30112 1.47642
1.26743 1.60794

FOLLOW ALONG HERE: https://www.tradingview.com/chart/GB...rame-analysis/
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  • #578,836
  • Feb 18, 2021 4:25am Feb 18, 2021 4:25am
This time after the correction the last resistance did break with a new trend and back in for the continuation 4H trend /daily swing in the direction of the weelkly

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Follow The Markets Structure - Patience and Discipline
  • #578,837
  • Feb 18, 2021 4:25am Feb 18, 2021 4:25am
It was a rhetorical question

I would never expect someone to tell me where the price goes next, I actually consider such questions rude. Its up to one self to wrestle with the conclusions.

Quoting Headland
{quote} Mate, I don't even know what the next tick in price will be let alone the next pip, or where it might go in the next 1min, 5min, 1hr, 4hr, day etc... - none of us do...all you can do (if you trade this way) is assess the conditions on t/f's of interest to you (ranging or trending)...mark the potential supp/res/sbr/rbs areas and see if price reaches one of them and make a decision whether to trade from them or not based on a repeating pattern that is confirmed by PA (or not!) I never make predictions, and I have no expectations, I just trade...
  • #578,838
  • Feb 18, 2021 4:27am Feb 18, 2021 4:27am
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yes yes yes
  • #578,839
  • Feb 18, 2021 4:34am Feb 18, 2021 4:34am
Quoting coolmakina
{quote} the point is to make money. is there any other way to trade beside the traditional? can you teach us, please?
do you think there is no other method than the traditional idea?
I see that you have been a trader for a long time.
I can ask you what you have done over many, many years.
or did you not look for a solution ?.
  • #578,840
  • Feb 18, 2021 4:38am Feb 18, 2021 4:38am
Quoting pipfarm
This time after the correction the last resistance did break with a new trend and back in for the continuation 4H trend /daily swing in the direction of the weelkly {image}
You make a good point...that last gmt+2 4hr bull thrust candle closed above the last 2 x LH's on that t/f (circled in red.) 4hr below.
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