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Cable Update (GBPUSD)

  • #579,461
  • Feb 19, 2021 12:45pm Feb 19, 2021 12:45pm
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yes yes yes
  • #579,462
  • Edited 1:17pm Feb 19, 2021 1:00pm | Edited 1:17pm
I don't think you can change it this month ,maybe next
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #579,463
  • Feb 19, 2021 1:10pm Feb 19, 2021 1:10pm
even if we are not talking about today PP
to go further up she has (?!) to go further down first ( calling "pullback" )

at least to 1.3995 ( I'd like to say 1.3980 )

or our world became so stingy..?
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dolce vita
  • #579,464
  • Feb 19, 2021 1:23pm Feb 19, 2021 1:23pm
Quoting Sang.Real
{quote} GU waiting for one last push to fill the gap. If not, we may see weekends gap next monday. TL is holding well. EDIT : chart not attach {image}

GU

Letting the trade over weekends.

Target with weekends Gap on Monday.

SL in placed.

Have a nice weekend.

Sang Real
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  • #579,465
  • Feb 19, 2021 1:26pm Feb 19, 2021 1:26pm
Quoting Bones
I don't think you can change it this month ,maybe next {image}
In the last two weeks someone has been buying from the highs, there is no more battle after 1.3750 with lower volume, and we are going in an area great for selling. I look forward a reaction from bears next week to be sure, but I think we are in a multi-day Climax. The trend needs a deep correction. I agree, March may be bearish

This is not just for the GPB itself (possible negative rates expected), but more for the USD, it is too weak in most of pairs
The Fed printed too much and too quickly, problems with China, slow vaccinations in the rest of the world, overextended US stock market

IMHO
  • #579,466
  • Feb 19, 2021 1:43pm Feb 19, 2021 1:43pm
Quoting Moty
{image}{image}
let’s see 14070 soon
Insane in the Brain..
  • #579,467
  • Feb 19, 2021 1:46pm Feb 19, 2021 1:46pm
Quoting Wavegarrick
{quote} All I can say is that it has been a hard-fought year. My sell trades were taken out at breakeven and some. Here is the big thing. 1.40000 looms. 2 years and some since this level. It is a milestone. The full range could be achieved in due course. Will I buy it here? absolutely no. Patience and more patience will prevail. Cheers. {image}
Hi Guys,
Based on some questions I received via pm with regards to money management. My stop loss is between 20 and 25 pips usually, at a max of 50 pips. I place my trades manually and don't use limit and stop orders. My immediate goal is to lock in very quickly at 10 to 20 pips profit, I use a break-even of 4 pips, The trades that survive are my runners. A very simple strategy that can earn very good pips in the long run. Lock-in and walk away, do your chores, do your gardening, walk the dogs, simple as that. I can be wrong multiple times but my runners carry me through.
Current trades below,
Have a great weekend
Cheers
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Trade to trade another day
  • #579,468
  • Feb 19, 2021 1:54pm Feb 19, 2021 1:54pm
Quoting xDREx
{image}
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  • #579,469
  • Feb 19, 2021 2:11pm Feb 19, 2021 2:11pm
Hello guys!
My EW + div analysis on daily chart:

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Good weekend to everyone .
JEM
  • #579,470
  • Feb 19, 2021 2:17pm Feb 19, 2021 2:17pm
GU might be approaching "the moment of truth"...
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Always trade your own plan...I don't provide trading signals.
  • #579,471
  • Feb 19, 2021 2:24pm Feb 19, 2021 2:24pm
Quoting Coreg2004
GU might be approaching "the moment of truth"... {image}
I have 1.39749 as a level that ought to be tested before buyers can attempt to step in.
  • #579,472
  • Feb 19, 2021 2:34pm Feb 19, 2021 2:34pm
Quoting pipcenturion
{quote} I have 1.39749 as a level that ought to be tested before buyers can attempt to step in.
pipcenturion, of course, your scenario is possible but my present count would be invalidated...
Always trade your own plan...I don't provide trading signals.
  • #579,473
  • Feb 19, 2021 2:46pm Feb 19, 2021 2:46pm
Quoting fendi
{quote} What did you see thats making you place that short entry.. Realized watching people comment there's no educating each other in here. As much as everyone independent of there tràdes, let know why the entry
for a pullback
My observation may be wrong but intent correct. Stay calm!
  • #579,474
  • Feb 19, 2021 3:09pm Feb 19, 2021 3:09pm
I am terrible at wavecount. But aren't we already at the tipping point from 4H TF?

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EDIT: And USDX seems to be feeling for some bottom as well. Its not directly correlated with GU, but still.

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Have a good weekend!


Quoting Coreg2004
GU might be approaching "the moment of truth"... {image}
  • #579,475
  • Feb 19, 2021 3:10pm Feb 19, 2021 3:10pm
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yes yes yes
  • #579,476
  • Feb 19, 2021 3:17pm Feb 19, 2021 3:17pm
https://www.instaforex.com/forex_analysis/271350
My observation may be wrong but intent correct. Stay calm!
  • #579,477
  • Feb 19, 2021 3:40pm Feb 19, 2021 3:40pm
Quoting navk
{quote} chart attached. I do not see sell trade at all today {image}
HI,
today i almost didn't trade. i was busy making-up my charts for week.
after finish my "ARTWORK" , and final compiled my "smile indi" into "arrows", i can see to possible trades, 1 long and 1 short.
the long was standard entry, going with trend.
the short was a scalp since price is still trending up on M15.
i didn't toke those trades, but i always like to review the PA of the day. I believe that if we do this often, we get more training for what to do in future similar situations.
Have a nice weekend,
Stay cool.
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If you don't know how to earn money, don't loose it.
  • #579,478
  • Feb 19, 2021 3:54pm Feb 19, 2021 3:54pm
Quoting Ilvez
I am terrible at wavecount. But aren't we already at the tipping point from 4H TF? {image} EDIT: And USDX seems to be feeling for some bottom as well. Its not directly correlated with GU, but still. {image} Have a good weekend! {quote}
Ilvez, different time frames...mine was 15M your 4H, ...How did you determine on your 4H chart the end of W_5?
The dollar has room to drop further...
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Always trade your own plan...I don't provide trading signals.
  • #579,479
  • Feb 19, 2021 4:09pm Feb 19, 2021 4:09pm
Quoting Lenart80
Guys, cable on weekly TF at 1.4006, EMA 400 should block this insane rise! It could be the start of bearish trend for some time, at least till 1.33 area. The same thing had happened on EMA 300 on first touching and on second we had a break. Thats only my view. GL.
It seems that it works fine. Weekly closure exactly below EMA. On monday maybe a little gap down then up and after that it should start a bearish movement for a very good correction, IMHO.
Nice weekend!
Multiple Position Trader
  • #579,480
  • Feb 19, 2021 4:13pm Feb 19, 2021 4:13pm
Quoting Moty
{image}{image}{image}
Hey Coreg,

Great to see you in here, -Great charts as always...
I'm gonna go off Moty's quote today:

"don't try to tell the market where to go , let him tell you."

So i went with the "Short" at what 'believed to be end of wave, -and it was,
for that set... Something seemed "Missing" though, -like was there one more little 5th wave,
On the end of that thing, or what? Also, -As you're noting with "DollA" weakness, that doesn't help things,
For the Pound to drop. Since i couldn't get a solid Sell-Off today, and the Pound wanted to
"Strut it's Wings" over the Weekend, i took my 20-Something Pip's on today's "Short" & called it a day.
Flat- and happy.

Anyway,
I'll wait for any Metatrader EOD Updates for Dyanamic Trading Charts... (Same Charts differing views as we know).
Have a Great Weekend All,
Long, Short, Flat like me, or whatever,
My Very Best Gang,

Jeff
I will work to Objectively Identify my Edges
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