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Cable Update (GBPUSD)

  • #580,701
  • Feb 25, 2021 12:50pm Feb 25, 2021 12:50pm
chance for me ..longs
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The only constant is change
  • #580,702
  • Feb 25, 2021 12:56pm Feb 25, 2021 12:56pm
Quoting littspaniard
chance for me ..longs {image}
stop hit..three small losses.
enough for me today..trade well
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The only constant is change
  • #580,703
  • Feb 25, 2021 12:57pm Feb 25, 2021 12:57pm
Quoting Vincent1
{quote} You spend days, weeks, months studying to understand if it is possible to "predict" future movements. Sometimes you don't even think it's possible, but you keep studying Then you really apply the study and ..... what a satisfaction !!! {image}
Exactly. Y'day I had red trade and held it, today it goes BE = 20% gain. Math...
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Air force
  • #580,704
  • Feb 25, 2021 1:17pm Feb 25, 2021 1:17pm
...on the dly 3951- circa 3910 is the last dly sw hi zone =prev res = pot rbs, before the 4242 swing hi There are fibs in the zone as well. Dly below.
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Trader with an Edge.
  • #580,705
  • Feb 25, 2021 1:17pm Feb 25, 2021 1:17pm
Quoting W0lfram
{quote} Exactly. Y'day I had red trade and held it, today it goes BE = 20% gain. Math...{image}
iF it goes up and I mean if ... there could be a retrace with a vengeance! 14250 could be in its sights
Insane in the Brain..
  • #580,706
  • Feb 25, 2021 1:25pm Feb 25, 2021 1:25pm
The current dly lo (3999) is in the 4hr part of a prev 1hr/4hr sw lo zone =prev supp=pot supp that extends down to 3980. It was previously a prev 1hr/4hr sw hi zone =prev res = pot rbs that held as support ... it is confluential with a 4 fib cluster 3990-77. 4hr is below. The 1hr part of it starts @ 3991. Obviously now there is a prev 1hr sw lo zone going down to the current dly lo too, which may or may not turn into a 4hr fractal swing lo as well, (see my 1hr pic in a post above.)
Attached Image
Trader with an Edge.
  • #580,707
  • Feb 25, 2021 1:38pm Feb 25, 2021 1:38pm
Quoting viktoriaxz
all i can say GU is very manipulated pair.I shorted eur not GU today.Crazy pair.
Yeh, it's those pesky buyers and sellers - bastards! They are always interfering with price - trying to get it to go their way, It's outrageous! I mean really, - the regulator should step up and stop it and just leave the market to...? well, to....,? Anyways, that's all I'm saying.

Global forex is a circa $5trillion a day market. Gbpusd is 11% of it, so that's $550bn a day transacted in this pairing. Those are some crazy manipulators. Retail makes up circa 3%. They are not coming for - they don't even notice you.
Trader with an Edge.
  • #580,708
  • Feb 25, 2021 1:39pm Feb 25, 2021 1:39pm
Quoting BeeTogether
{quote} iF it goes up and I mean if ... there could be a retrace with a vengeance! 14250 could be in its sights
I don't trade gu, need some time off. Maybe forever.
Quit right before 'nzd spike'. Almost recovered from drawdown with gold and copper...
Air force
  • #580,709
  • Feb 25, 2021 1:42pm Feb 25, 2021 1:42pm
Quoting Headland
The current dly lo (3999) is in the 4hr part of a prev 1hr/4hr sw lo zone =prev supp=pot supp that extends down to 3980. It was previously a prev 1hr/4hr sw hi zone =prev res = pot rbs that held as support ... it is confluential with a 4 fib cluster 3990-77. 4hr is below. The 1hr part of it starts @ 3991. Obviously now there is a prev 1hr sw lo zone going down to the current dly lo too, which may or may not turn into a 4hr fractal swing lo as well, (see my 1hr pic in a post above.) {image}
am I right in thinking from your chart the trend line could be a retrace towards 14127?
Insane in the Brain..
  • #580,710
  • Feb 25, 2021 1:44pm Feb 25, 2021 1:44pm
Quoting W0lfram
{quote} I don't trade gu, need some time off. Maybe forever. Quit right before 'nzd spike'. Almost recovered from drawdown with gold and copper...
I prefer EU as it’s more stable but at times too slow to earn a living
Insane in the Brain..
  • #580,711
  • Feb 25, 2021 1:44pm Feb 25, 2021 1:44pm
Quoting BeeTogether
{quote} am I right in thinking from your chart the trend line could be a retrace towards 14127?

I don't ever predict what price will do next because I don't know, and I am in good company. It will do what it will do and we should react accordingly, consistent with our own edges.
Trader with an Edge.
  • #580,712
  • Feb 25, 2021 1:48pm Feb 25, 2021 1:48pm
200 pips today. I'm sooooo happy. Congratulations to me
  • #580,713
  • Feb 25, 2021 1:53pm Feb 25, 2021 1:53pm
Quoting Muhdgombi
200 pips today. I'm sooooo happy. Congratulations to me
Congrats, now remain humble with your trades and keep those pips up (:
  • #580,714
  • Feb 25, 2021 1:58pm Feb 25, 2021 1:58pm
GU on all timeframes daily, h4 went out of channel very heavy,big channel.After it it goes to opposite border.every time when Gu did it,get above channel heavy,sooner or later wait it on another border.border 1.28.only from history.maybe this time something another happen ,i dont know.
  • #580,715
  • Feb 25, 2021 2:28pm Feb 25, 2021 2:28pm
Plan for tomorrow:

Sell limit @ 1.40800, TP 1.38300 to be collected next week.
In case it jumps higher, additional sell limit @ 1.41000 TP as above.
WT
  • #580,716
  • Feb 25, 2021 3:03pm Feb 25, 2021 3:03pm
Spike Lee do your magic please!!
Insane in the Brain..
  • #580,717
  • Feb 25, 2021 4:35pm Feb 25, 2021 4:35pm
free fall here. Pound getting smashed in asia
Intraday only.
  • #580,718
  • Feb 25, 2021 4:43pm Feb 25, 2021 4:43pm
Quoting navk
free fall here. Pound getting smashed in asia
yeap, i got it.
bagged +30 pips.
If you don't know how to earn money, don't loose it.
  • #580,719
  • Edited 5:27pm Feb 25, 2021 4:45pm | Edited 5:27pm
Quoting navk
free fall here. Pound getting smashed in asia
yeh was watching it - nice bounce @ the 61.8% 3775-4242 / wkly pivot - bottom oof a prev 1hr/4hr sw lo = prev supp=pot supp that found support @ a prev 4hr sw hi zone...4hr below.
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Trader with an Edge.
  • #580,720
  • Feb 25, 2021 4:58pm Feb 25, 2021 4:58pm
still holding this one.

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If you don't know how to earn money, don't loose it.
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