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Cable Update (GBPUSD)

  • #579,301
  • Feb 19, 2021 4:51am Feb 19, 2021 4:51am
Quoting giveachance
{quote} trading is always pyschological. if the americans start selling pound europeans will follow suit and they wont know why. so it is herd following.
Right going for the previous 5 min highs 1.4008 in at 1.3998 hopefully it will fly
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Don't trade what you think. Just what you see!!!
  • #579,302
  • Feb 19, 2021 4:52am Feb 19, 2021 4:52am
Quoting SteadyAsItGo
{quote} why GU do not react much to the red news it is because CPI y/y is not a strong factor for GU historically to move harsh upon news percentage US core retails and retails carry much weight later but with a correlation with UY and GY also so when the GBP CPI y/y came good; u can see it spike and go up a bit and ease back around 1.40 and below so just follow your style of trading to gain money thats all long or short
Based on my experience, the news only serve as narrative.
The banks already have a pre-determined TP and will simply let retail hash it out until it gets to their daily/weekly buy/sell price. Ultimately, it is up to their TP and no one outside knows what that is.....unless you personally know a trader in one of the big banks.
Lost....
  • #579,303
  • Feb 19, 2021 4:54am Feb 19, 2021 4:54am
Quoting gespiri
{quote} Based on my experience, the news only serve as narrative. The banks already have a pre-determined TP and will simply let retail hash it out until it gets to their daily/weekly buy/sell price. Ultimately, it is up to their TP and no one outside knows what that is.....unless you personally know a trader in one of the big banks.
1000% correct. aussie made a new high since 2018. kiwi made a new high as well for a long time. so dollar is crushed
  • #579,304
  • Feb 19, 2021 4:59am Feb 19, 2021 4:59am
In my newbie chart 4H TF forming strong bearish divergences. I just wait for NY open or 1.402-1.403 as i mentioned before. IMO, But i could be wrong. Any suggest?
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Everything is possible but not guaranteed
  • #579,305
  • Feb 19, 2021 5:03am Feb 19, 2021 5:03am
Quoting parshal
{quote} I never tried that. I'm used to sweet corn with vanilla flavour.
In tradition, cow's urine is good, but only a rumor
Damage
  • #579,306
  • Feb 19, 2021 5:05am Feb 19, 2021 5:05am
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yes yes yes
  • #579,307
  • Feb 19, 2021 5:06am Feb 19, 2021 5:06am
Quoting helioss
Last Low Swing High Volume, In short term bears can back for a pullback BIAS is LONG {image}
IG signal had 2 shorts one quite achievable in at 13990 to target 13940 and the other not so I’m at 13960 to target 13830 which is why it’s not on the signal page anymore
Insane in the Brain..
  • #579,308
  • Feb 19, 2021 5:16am Feb 19, 2021 5:16am
Quoting abconqq7
{quote} In tradition, cow's urine is good, but only a rumor
it's your assumption
My observation may be wrong but intent correct. Stay calm!
  • #579,309
  • Feb 19, 2021 5:17am Feb 19, 2021 5:17am
Quoting giveachance
{quote} trading is always pyschological. if the americans start selling pound europeans will follow suit and they wont know why. so it is herd following.
There are many factors. I have read and studied many different things for years (99% of it crap). I have come to the conclusion keep things simple and find what works for you.
But capital preservation is essential ----- and trying to prove that what you are doing is right and not admitting your wrong is down right dangerous . Posting can be your worst enemy as you try and stay in trades longer than you should.
Don't trade what you think. Just what you see!!!
  • #579,310
  • Feb 19, 2021 5:17am Feb 19, 2021 5:17am
Attached Image
  • #579,311
  • Feb 19, 2021 5:21am Feb 19, 2021 5:21am
Quoting Moty
{image}{image}
what are you using for determination trend, its not common sanse or pa. this looking like buy for me. or at least retrecmant and then continuation (DXY)
patience, patience, patience and after that more patience
  • #579,312
  • Feb 19, 2021 5:29am Feb 19, 2021 5:29am
In my opinion, gu haven’t finished its mission today yet.
Damage
  • #579,313
  • Feb 19, 2021 5:30am Feb 19, 2021 5:30am
Quoting Theoak
{quote} Right going for the previous 5 min highs 1.4008 in at 1.3998 hopefully it will fly {image}
OUT of this b/e. I will wait until there is juice in the market. There usually is some on a Friday!!!!
Don't trade what you think. Just what you see!!!
  • #579,314
  • Feb 19, 2021 5:33am Feb 19, 2021 5:33am
Quoting Student21
{quote} May i ask why? And how about now? In any case thanks
shorting at R1 is prefered.
Intraday only.
  • #579,315
  • Feb 19, 2021 5:34am Feb 19, 2021 5:34am
Quoting navk
{quote} shorting at R1 is prefered.
much appreciated
A trader is as good as his stop loss. Understand your mistakes.
  • #579,316
  • Feb 19, 2021 5:36am Feb 19, 2021 5:36am
Quoting Tim_isoara
{quote} He wait for a long position. Because the trend is up.
Hey Tim, thanks for sharing this. Indeed, what is the 'uncle' or turning point for you? Is it a TL or a horizontal lvl? Would you anticipate a trade or get in, in a retest?

Just asking, my personal trading style - i get small size in anticipations (in this case im short all around 1.4010) and am bearish below it. Bigger sizes on main TL breaks and retests.
A trader is as good as his stop loss. Understand your mistakes.
  • #579,317
  • Feb 19, 2021 5:42am Feb 19, 2021 5:42am
Quoting Student21
{quote} Hey Tim, thanks for sharing this. Indeed, what is the 'uncle' or turning point for you? Is it a TL or a horizontal lvl? Would you anticipate a trade or get in, in a retest? Just asking, my personal trading style - i get small size in anticipations (in this case im short all around 1.4010) and am bearish below it. Bigger sizes on main TL breaks and retests.
Elliott Wave count. support and resistance. I am a day trader.
  • #579,318
  • Feb 19, 2021 5:42am Feb 19, 2021 5:42am
Money printing makes those high huh 1.40 seems to be attractive to Sell..
I will wait for the closing of the candle of the week.
  • #579,319
  • Feb 19, 2021 5:48am Feb 19, 2021 5:48am
Quoting Theoak
{quote} There are many factors. I have read and studied many different things for years (99% of it crap). I have come to the conclusion keep things simple and find what works for you. But capital preservation is essential ----- and trying to prove that what you are doing is right and not admitting your wrong is down right dangerous . Posting can be your worst enemy as you try and stay in trades longer than you should.
Wow my honey become mature adult already
  • #579,320
  • Feb 19, 2021 5:53am Feb 19, 2021 5:53am
Quoting DailyChart
{quote} Wow my honey become mature adult already
I'm too hot for you to handle, unless you buy me that Ice Cream to cool me down!! Sweetie Pie!!!
Don't trade what you think. Just what you see!!!
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