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Cable Update (GBPUSD)

  • #579,361
  • Feb 19, 2021 7:30am Feb 19, 2021 7:30am
We can get 1.405 and 1.41 soon. Thank you those smart guys
Damage
  • #579,362
  • Feb 19, 2021 7:30am Feb 19, 2021 7:30am
Quoting Georginson
Big congratulations to all the bulls here.. what a way to start 2020... In as much as I hate the bull run but have to congratulate the bulls.
You mean 2021
  • #579,363
  • Feb 19, 2021 7:31am Feb 19, 2021 7:31am
Quoting Moty
ALL OUT !!! RECOVERED 140 $ from my 407 $ loss earlier {image} gold is still sleeping {image}
  • #579,364
  • Feb 19, 2021 7:33am Feb 19, 2021 7:33am
Quoting Moty
ALL OUT !!! RECOVERED 140 $ from my 407 $ loss earlier {image} gold is still sleeping {image}
Sill no money management. It's a mistake.
  • #579,365
  • Feb 19, 2021 7:35am Feb 19, 2021 7:35am
Quoting Georginson
Big congratulations to all the bulls here.. what a way to start 2020... In as much as I hate the bull run but have to congratulate the bulls.
are you still holding your short? your SL was 1.4
  • #579,366
  • Feb 19, 2021 7:38am Feb 19, 2021 7:38am
Now for informational purposes:
Earlier in the month I have possible range of 450 - 600 pips this February and as it stands 473 pips already done (1.3564 - 1.4037)

Meaning only 70 - 120 pips more to break either the high or the low and price may stay within this current 473 pips range.

No stuttering of words here, the bulls have had a remarkable run, breaking the threshold of 5 consecutive months from October 2020 low of 1.2818 to this current 1.4037 being 1219 pips surge.

Since this February has ended bullish yet again it opens up a possible bearish case of at least 800 pips decline to 1.3230/1.3300 area in March/April subject to the final high it makes this February.

2021 possible range still stays within 1.43 - 1.28. Enjoy the deserved Victory bulls but remember to stay cautious as no trend can go on for too long without some deep correction.
Data + Stat + Risk/Emotions Management
  • #579,367
  • Feb 19, 2021 7:40am Feb 19, 2021 7:40am
Quoting Katanashino
Enough for today. Happy weekend and green pips y'all {image}
My account washout lost my money
  • #579,368
  • Feb 19, 2021 7:40am Feb 19, 2021 7:40am
Quoting Moty
ALL OUT !!! RECOVERED 140 $ from my 407 $ loss earlier {image} gold is still sleeping {image}
Good call again bro congrats
  • #579,369
  • Feb 19, 2021 7:40am Feb 19, 2021 7:40am
Quoting Ehsank78
{quote} are you still holding your short? your SL was 1.4
1.40 was said to be my psychological stop but I still hold it since I'm seeing a possible drop off in March to 1.35 area.

Quite orthodox of me to add more money to my portfolio to take further short at 1.4030 area since my first sell stays at 1.37/1.3845 area. I have enough patience to wait till March ending.
Data + Stat + Risk/Emotions Management
  • #579,370
  • Feb 19, 2021 7:42am Feb 19, 2021 7:42am
Quoting pipfarm
Looks like we are in the 5th impulse of the current swing so i will be looking for some signs to exit as the price progresses {image}


Still no signs of an exit for this wave, powering on
Follow The Markets Structure - Patience and Discipline
  • #579,371
  • Feb 19, 2021 7:47am Feb 19, 2021 7:47am
Quoting trumps
{quote} Because it has to get to 1.4330 first before getting to 1.5.
Yeah, but 1.5 won't happen in the next few weeks I think. This needs to correct from here until 1.41 IMO.
Lost....
  • #579,372
  • Feb 19, 2021 7:49am Feb 19, 2021 7:49am
It won't go back again in short term. To my true heart, I really thanks the sellers bringing me to this level. My 1.41 is waiting
Damage
  • #579,373
  • Feb 19, 2021 7:51am Feb 19, 2021 7:51am
Quoting pipfarm
{quote} Still no signs of an exit for this wave, powering on

We must be close to the end as inside the last 30 min impulse i can see 5 smaller impulses on the 5min


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 29 KB
Follow The Markets Structure - Patience and Discipline
  • #579,374
  • Feb 19, 2021 7:52am Feb 19, 2021 7:52am
A base above 1.4030s on weekly is needed to turn it support and attack higher up to 1.4130s by next week
On downside, 1.3920s turned to good support.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #579,375
  • Feb 19, 2021 7:52am Feb 19, 2021 7:52am
IN AGAIN
TP 1.40697
gold has woken up
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu2.png Size: 59 KB
Click to Enlarge Name: dx.png Size: 38 KB
Click to Enlarge Name: go.png Size: 38 KB
yes yes yes
  • #579,376
  • Feb 19, 2021 7:53am Feb 19, 2021 7:53am
Any corrective suggestion on my analysis will be appreciated
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-19-02-2021 13h51.png Size: 34 KB
  • #579,377
  • Feb 19, 2021 7:55am Feb 19, 2021 7:55am
Quoting Georginson
Big congratulations to all the bulls here.. what a way to start 2020... In as much as I hate the bull run but have to congratulate the bulls.
Now is the Beginning of the Time we "SHORT" here Georginson...
Pip Farm may scold me on my "Fractals" here, because i DO see the strength of the Monthly & Weekly, TF's.

However, equally as well, i also see a lonnnng tired, Weekly, Daily set of charts.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Weekly Tired Chart_Short from the 140s.png Size: 61 KB

My best gang,

Jeff
I will work to Objectively Identify my Edges
  • #579,378
  • Feb 19, 2021 7:57am Feb 19, 2021 7:57am
Quoting gespiri
{quote} Yeah, but 1.5 won't happen in the next few weeks I think. This needs to correct from here until 1.41 IMO.
I don't think we will get to 1.5 in the next few weeks either, that's why I mentioned 1.4330 as my next main target.
It was someone else who mentioned 1.5.
Compulsions can be hard to resist
  • #579,379
  • Feb 19, 2021 7:57am Feb 19, 2021 7:57am
need some advice, i (stupidly) shorted GPBUSD 7th sept, should have cashed it out when i was c.£450 in profit but didn't check it for ages and by Nov i was in red. i held. obviously im now looking at minimising my loss but its been on a real run. i imagine its due a correction but where realistically do we expect it to fall to?

i have spare funds to hold it but realistically i dont see it coming back down so just looking to close with the lowest loss possible.
  • #579,380
  • Feb 19, 2021 7:57am Feb 19, 2021 7:57am
M nessus How are you

I misseed youuu
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