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Cable Update (GBPUSD)

  • #578,881
  • Feb 18, 2021 5:35am Feb 18, 2021 5:35am
Quoting JackintheBox
{quote} "normal" is relative. If you watch the last days, yes. If you take trading seriously and make your homework you can see a hell of weird coincidences happening. That GBP/USD is crying on daily basis on shorts like hell. I really wonder who is involved this time to push the market that crazy. Must be also ECB still rebuying GBP. That makes my really angry.
you are getting angry with the idea that you only assume , ask your self the question "do I really know that the ECB are buying GBP?" if answer no then put it out of your head
  • #578,882
  • Feb 18, 2021 5:35am Feb 18, 2021 5:35am
Quoting mysterio
{quote} Can I ask how you're calculating your pivots, I have completely different levels. I have us at R2 currently Also seeing this as normal cable behaviour fairly predictable. Bull trend, correction/bull flag, breakout, trend resumption. I am surprised by the magnitude of the breakout I would have expected some retracement by now but its not unheard of on this pair. I would expect some retracement now befpre we create a new high but 1.40 is surely not long away
https://www.actionforex.com/markets/...-pivot-points/

check this. is very accurate
Twitter: Rummer_grapes
  • #578,883
  • Feb 18, 2021 5:36am Feb 18, 2021 5:36am
Quoting Sang.Real
{quote} EUR GBP Closed all position The longest open scalping position held.... 36 hours....lol Take the loss so I can use the margin to trade GBP/USD later. Not easy to trade this pair. Lesson learned.... Sang Real {image}

EUR GBP

This is the most valuable lesson I learn today ( at minimal cost).

Put out the fire when it's small, it won't hurt as much when fire get bigger and uncontrollable.

It break your heart and break your account.

Note : Applicable for Newbie only
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  • #578,884
  • Feb 18, 2021 5:37am Feb 18, 2021 5:37am
Quoting JackintheBox
{quote} "normal" is relative. If you watch the last days, yes. If you take trading seriously and make your homework you can see a hell of weird coincidences happening. That GBP/USD is crying on daily basis on shorts like hell. I really wonder who is involved this time to push the market that crazy. Must be also ECB still rebuying GBP. That makes my really angry.
by pure tehnical we are in strong bull trend, idk why you guy in shock; if you put fibo on h4, price come to 64.8 and if you put on h1 in short direction price get in 127.1 zone plus strong acumulation and rejection and you get this strong impulse, this happened "milion times".

by short fundament story GB wont strong gbp and usd at this time dont care. althoug they be happier with less stronger usd- just read and listen what they are saying

dont get me wrong, today i have loss trade, because i think this h4 correction will get to att least 1.38150-138100 zone. I put sell limit and at the time i saw strong closing wick at m30, i was alredy in and take loss
patience, patience, patience and after that more patience
  • #578,885
  • Feb 18, 2021 5:38am Feb 18, 2021 5:38am
Wait for the HAMMERING!
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Peter hammers with one hammer,
One hammer, one hammer
Peter hammers with one hammer
All day long
Maadik Hugiis. IQ 69.
  • #578,886
  • Feb 18, 2021 5:38am Feb 18, 2021 5:38am
Quoting Ehsank78
{quote} Where do you expect it could reverse
3960 possible retrace today.

Retrace only.

Tomorrow, I expect 4000 to hit

my opinion only.

trade safe
Intraday only.
  • #578,887
  • Feb 18, 2021 5:39am Feb 18, 2021 5:39am
Quoting MoneyZilla
Wait for the HAMMERING! {image} Peter hammers with one hammer, One hammer, one hammer Peter hammers with one hammer All day long
hammer man is out today. he was shorting from 3860 levels. the last hammer he hit on his head
  • #578,888
  • Feb 18, 2021 5:39am Feb 18, 2021 5:39am
Today's target 1.39850...
WT
  • #578,889
  • Feb 18, 2021 5:41am Feb 18, 2021 5:41am
Quoting giveachance
got this currently. {image}
as expected 3993 is possible today. no 4000 because of heavy option interest
  • #578,890
  • Feb 18, 2021 5:41am Feb 18, 2021 5:41am
Quoting MoneyZilla
Wait for the HAMMERING! {image} Peter hammers with one hammer, One hammer, one hammer Peter hammers with one hammer All day long
if you listen more carefully, you cen hear shorter bleading
patience, patience, patience and after that more patience
  • #578,891
  • Feb 18, 2021 5:41am Feb 18, 2021 5:41am
this is my view..
pink box is wave 4 possibility
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  • #578,892
  • Feb 18, 2021 5:42am Feb 18, 2021 5:42am
Just maybe
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  • #578,893
  • Feb 18, 2021 5:43am Feb 18, 2021 5:43am
Thank for your comments. Of course I know these exaggerations we see currently. What f**cks me up is the stupidness of ECB and their big friends who bought the EUR/GBP like hell to press on UK to maintain in EU last years. Now everything is over and that stupid heads have to buy (GBP) back everything. Of course they have no clue of trading, burning probably billions of Euros currently to buy that stuff back and mess up the markets.

Yes, Market never wrong, but the facts behind that make me angry. It's like trading a penny stock. I just cannot bet on a horse named EU which is on steriods.

You also can see on daily base ATR that sth. is wrong. You could name it huge buying pressure and the facts behind that decide over the next days / weeks.

You also can see it on the huge swings that sth. is out of order. I just don't like comments which have no more information in it like "market is always right". I want to know what's going on. If you would knew that the stupid heads of ECB have still 20% left to buy, that I would be the first one to buy the next 5 pips dip. But I know what happens when that buying ends. -> Flush. As we saw it before already.

It is just no nice environment for predictable traders.

I mean seriously. Currently just put a Stop-Buy 10 pips above and a stop- sell 10 pips below frankfurt open and cash in when you have 40 pips. Naw... that is rigged, believe me. If that would be "normal" then you could get rich easily.
  • #578,894
  • Feb 18, 2021 5:44am Feb 18, 2021 5:44am
Well Bullish It Is Gbpusd

It Is High Time

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HAHA Do You Get It Hight Time as in Not That High Time

I Mean Alright Nothing

See You
  • #578,895
  • Feb 18, 2021 5:48am Feb 18, 2021 5:48am
I WILL REVISIT
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  • #578,896
  • Feb 18, 2021 5:49am Feb 18, 2021 5:49am
Quoting greengp
No big money right now {image}

:QUOTE" UNQUOTE
  • #578,897
  • Feb 18, 2021 5:49am Feb 18, 2021 5:49am
Quoting JackintheBox
Thank for your comments. Of course I know these exaggerations we see currently. What f**cks me up is the stupidness of ECB and their big friends who bought the EUR/GBP like hell to press on UK to maintain in EU last years. Now everything is over and that stupid heads have to buy (GBP) back everything. Of course they have no clue of trading, burning probably billions of Euros currently to buy that stuff back and mess up the markets. Yes, Market never wrong, but the facts behind that make me angry. It's like trading a penny stock. I just cannot bet...
the plan is to take the gbp as high as possible so that UK does not benefit after brexit. again forex market was always rigged. back in 2011-13 used to have 100 pip rallies on a day
  • #578,898
  • Feb 18, 2021 5:49am Feb 18, 2021 5:49am
HAHA OKA OKA
  • #578,899
  • Feb 18, 2021 5:50am Feb 18, 2021 5:50am
THATS FOR GREENGP
  • #578,900
  • Edited 6:19am Feb 18, 2021 5:53am | Edited 6:19am
Not necessarily market manipulation. If you had paid attention, during Asian session, cable started to form a falling wedge pattern at 61.8% fib, that is an indication of an ending correction preparing for a way up. DXY had difficulty penetrating 91.00 resistance level. Soon on H4 during london session DXY showed engulfing candlestick pattern completing the decision for GU upthrust. It was not a surprise to see that massive hourly candlestick that penetrated and closed above 1.3900. That set the stage for the 3rd stage of the bull run.

Trade with caution!
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