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Cable Update (GBPUSD)

  • #579,421
  • Feb 19, 2021 7:28am Feb 19, 2021 7:28am
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yes yes yes
  • #579,422
  • Feb 19, 2021 7:28am Feb 19, 2021 7:28am
I reckon a possible short from 1.40500.
  • #579,423
  • Feb 19, 2021 7:30am Feb 19, 2021 7:30am
Quoting BeeTogether
{quote} But a drop towards 13950 to go long again potentially for next week?
No sign of weekness at all.

It is friday, I do not expect a drop today...

May be some retrace at the end of NY session.

Monday is new day

And Monday depends on Today close
Intraday only.
  • #579,424
  • Feb 19, 2021 7:30am Feb 19, 2021 7:30am
Quoting Forex.z1
I reckon a possible short from 1.40500.
1.40700
yes yes yes
  • #579,425
  • Feb 19, 2021 7:31am Feb 19, 2021 7:31am
wow... 10 pip range on a us open 1 hour... when did that happen last time? 10 years ago? They wanna sell it but damn buyers keep it up and they don't wanna take it to a new high for getting ripped then. Sad game, I think it is better to take off now, it is friday, shitty PA, called it a day.
  • #579,426
  • Feb 19, 2021 7:32am Feb 19, 2021 7:32am
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Trader with an Edge.
  • #579,427
  • Feb 19, 2021 7:32am Feb 19, 2021 7:32am
Quoting Moty
{quote} 1.40700
that is where my SL is at LOL
  • #579,428
  • Feb 19, 2021 7:33am Feb 19, 2021 7:33am
Quoting navk
{quote} chart attached. I do not see sell trade at all today {image}
Another top. I will close my long position. And I look for short.
  • #579,429
  • Feb 19, 2021 7:34am Feb 19, 2021 7:34am
Quoting JackintheBox
wow... 10 pip range on a us open 1 hour... when did that happen last time? 10 years ago? They wanna sell it but damn buyers keep it up and they don't wanna take it to a new high for getting ripped then. Sad game, I think it is better to take off now, it is friday, shitty PA, called it a day.

There has been absolutely nothing wrong with this market or the PA, - it's been a great week - don't blame the market - blame yourself if you can't make anything from it.
Trader with an Edge.
  • #579,430
  • Feb 19, 2021 7:34am Feb 19, 2021 7:34am
Quoting Headland
{image}
Thank fo showing but you have to see the swings too, here you see a clear breakdown in volatility because of that shitty buying pressure last days. I cannot earn money like that.
  • #579,431
  • Feb 19, 2021 7:35am Feb 19, 2021 7:35am
Quoting LilPiip
{quote} I think it goes to 1.42
There has been considerable Bull movement today, All Higher Timeframes are Bull, but the higher limit for today's growth has been obtained. Today is Friday and from experience it moves more than usual on Fridays. I'm 50/50 at moment and will Jump on the momentum if it comes.

1.42 is achievable, but would have to be a few days from now. I scalp so not the best to give advise. I have used longer term trading in the past, but I don't like to be in trades overnight and especially the weekend. These forex flash crashes freak me out!!!
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Don't trade what you think. Just what you see!!!
  • #579,432
  • Feb 19, 2021 7:35am Feb 19, 2021 7:35am
Long in at 1.4018 target 5 min highs
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Don't trade what you think. Just what you see!!!
  • #579,433
  • Edited 8:16am Feb 19, 2021 7:42am | Edited 8:16am
Quoting JackintheBox
{quote} Thank fo showing but you have to see the swings too, here you see a clear breakdown in volatility because of that shitty buying pressure last days. I cannot earn money like that.
So change you edge. There are a lot of factors in technical trading (and ways of analysing them) that can be utilised in a any sensible combination to derive an edge from, that could make you money in all market conditions.

a. Different t/f's and/or combination of t/f's
b. Market conditions (trend or range on t/f's) of interest and their relationship to each other.
c. PA
d. Market structure and fractal geometry
e. (Volume) - not perfect on an otc - non exchange market
f. Momentum
g. Volatility
h. Support and Resistance, and fractals.
Trader with an Edge.
  • #579,434
  • Feb 19, 2021 7:43am Feb 19, 2021 7:43am
Quoting gatenio
{quote} all morning im buying this shit.. every time im up 200-500 dollar and close it on few dollars after reverse form 1775. I knew it will fly, and i close it just after the break because it drive me crazy.. burn 1775.. hate this intraday level {image}
The reason is fear, self-doubt and lack of confidence in your own decisions.
Trading is hard emotional and psychological game Brace yourself
  • #579,435
  • Edited 8:20am Feb 19, 2021 7:43am | Edited 8:20am
Took the hit now gone long 14020 finally tp at 14050+
Insane in the Brain..
  • #579,436
  • Feb 19, 2021 7:53am Feb 19, 2021 7:53am
Quoting Tim_isoara
{quote} Another top. I will close my long position. And I look for short.
Close my long 1.4025. sell 1.4025 SL to BE
  • #579,437
  • Feb 19, 2021 7:55am Feb 19, 2021 7:55am
Quoting Theoak
Long in at 1.4018 target 5 min highs {image}
OUT 6 pip loss
Don't trade what you think. Just what you see!!!
  • #579,438
  • Feb 19, 2021 8:00am Feb 19, 2021 8:00am
Waves at 5
Maybe a good short on the way
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  • #579,439
  • Edited 8:36am Feb 19, 2021 8:03am | Edited 8:36am
Quoting mysterio
Hopefully correction time, ride the waves down, then get in at the bottom for the next bull wave! This entry was just a TL from the last 2 highs on the 4h and projecting it up, obviously you have to set your stops to BE quickly with these kinds of scalp entries and be prepared to get stopped out BE a lot, however i'm gonna suggest this is the high for the week (although I did think 1.40 would hold) Although if i'm back editing this post out at BE I will not be shocked. Next week I expect fresh highs, lets see EDIT- took 20 pips {image}
Gonna add more short when it pulls up next

Edit-short 1.4014 SL to BE asap TP open

Might have gone to sleep for the weekend though

EDIT- if this doesn't drop very soon I will close for a small loss

OUT - 6, I think it was a shitty trade.
  • #579,440
  • Feb 19, 2021 8:05am Feb 19, 2021 8:05am
Quoting Sang.Real
{quote} GU end of scalping day of bumpy ride {image}

GU

Lets close the GAP ( i.e. Liquidity Gap)


EDIT : forgotten the chart.

Chart wont stick to post ?..
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