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Cable Update (GBPUSD)

  • #581,581
  • Mar 2, 2021 10:10am Mar 2, 2021 10:10am
Quoting coolmakina
1.3976? seems there's no selling pressure!
almost there....!!!
If you don't know how to earn money, don't loose it.
  • #581,582
  • Mar 2, 2021 10:13am Mar 2, 2021 10:13am
Quoting coolmakina
{quote} almost there....!!!
volume fading...
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If you don't know how to earn money, don't loose it.
  • #581,583
  • Mar 2, 2021 10:20am Mar 2, 2021 10:20am
Quoting Coreg2004
{quote} fendi, have you drank SmartWater for the last 5 years? I see you have advice for everyone...
What does that mean... Do you have anything to offer me in trading. Would gladly accept them else you need the drink yourself
  • #581,584
  • Mar 2, 2021 10:28am Mar 2, 2021 10:28am
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yes yes yes
  • #581,585
  • Mar 2, 2021 10:30am Mar 2, 2021 10:30am
Quoting BeeTogether
{quote} It’s been more active than the other sessions it seems. Before the drop we topped at 1425 in the Asia sessions and today’s low too was during that period
thats very strange for gu....is moving a lot overnight...
Twitter: Rummer_grapes
  • #581,586
  • Mar 2, 2021 10:36am Mar 2, 2021 10:36am
Quoting fendi13434499
{quote} What does that mean... Do you have anything to offer me in trading. Would gladly accept them else you need the drink yourself
fendi, you came back to FF forum after 5 years of absence, didn't spend enough time to learn other traders method/strategy of trading and you know right away that these traders should drop what they are doing and trade exactly like you (use 4H charts, aim for 500 pips of profit, etc.). How do you know that what you do suits them too? It's like you would be saying: Whatever is good for me it's also good for you, really?... As for my style of trading? everything you can find in my profile.
Always trade your own plan...I don't provide trading signals.
  • #581,587
  • Mar 2, 2021 10:37am Mar 2, 2021 10:37am
Quoting coolmakina
{quote} volume fading... {image}
Fading?? I see twice value of mean UP SWING Volume

This is a true BUll run
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  • #581,588
  • Mar 2, 2021 10:43am Mar 2, 2021 10:43am
Also Strength Momentum is at favour of Bulls on Weekly & Daily view
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  • #581,589
  • Mar 2, 2021 10:51am Mar 2, 2021 10:51am
Quoting abconqq7
As I said, pound won't let you disappointed, buy every dips . Long term TP:1.47. Obvious a bear trap
You're back, great, did your mum change your sheets? that's cute.
  • #581,590
  • Mar 2, 2021 10:53am Mar 2, 2021 10:53am
Quoting helioss
{quote} Fading?? I see twice value of mean UP SWING Volume This is a true BUll run {image}
all i said is that since US breakout, price has been going up with decreasing volume, i didn't qualify if is bull or bear volume.
volume is getting lower, due to time of session.
If you don't know how to earn money, don't loose it.
  • #581,591
  • Mar 2, 2021 10:53am Mar 2, 2021 10:53am
Quoting helioss
{quote} Fading?? I see twice value of mean UP SWING Volume This is a true BUll run {image}
What exactly is that indicator? Could see it fitting perfectly on one of my charts...
  • #581,592
  • Mar 2, 2021 10:58am Mar 2, 2021 10:58am
Quoting helioss
Also Strength Momentum is at favour of Bulls on Weekly & Daily view {image}
in the last hour dollar has gain strength in relation to pound (m15).
says my smile indi...
stay cool
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If you don't know how to earn money, don't loose it.
  • #581,593
  • Mar 2, 2021 11:03am Mar 2, 2021 11:03am
Quoting W0lfram
{quote} Based on 4H divergences I will try ~1.398 as tp. Probably wrong (as always).
Prepared for short now
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Air force
  • #581,594
  • Mar 2, 2021 11:05am Mar 2, 2021 11:05am
abcongg7, I hold the same view as many traders here (@Moty, @pipfarm, @mysterio and others)...Hopefully market will cooperate with our analysis...if not we will adjust...
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Always trade your own plan...I don't provide trading signals.
  • #581,595
  • Mar 2, 2021 11:05am Mar 2, 2021 11:05am
and a scalp to close the day.
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If you don't know how to earn money, don't loose it.
  • #581,596
  • Edited 2:04pm Mar 2, 2021 11:17am | Edited 2:04pm
DXY on the 0.382 retrace now, and cable on our supply from yesterday, good for at least a scalp if you caught it and could be the top, otherwise 1.4030ish. US yields being held up at 140bps

Just remember cable is going to be inclined to fall fast when the dollar lifts

Also it's formed a rising wedge with divergence
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  • #581,597
  • Mar 2, 2021 11:18am Mar 2, 2021 11:18am
Quoting abconqq7
As I said, pound won't let you disappointed, buy every dips . Long term TP:1.47. Obvious a bear trap
Just Great. Time to add more South orders. Thanks, Man. Really appreciate your signals
  • #581,598
  • Mar 2, 2021 11:22am Mar 2, 2021 11:22am
Quoting Bones
{quote} Theres a important aspect to all this ,and thats the fed cannot allow interest rates to rise for a long time with 145% debt to GDP .The Fed has said they're willing to let it run hot but no one knows how hot. If inflation sets in they may need to buy their own debt like a snake eating its own tail & pray this all kicks off something more substantial. This is what they're talking about when they say yield control ,it's easier said than done. Im saying be careful of FED intervention theres something that trips the theory.The FED is...
Yep, I got the inflation bit.
From what I understand, after the GFC,the banks were paid a nominal interest rate to park some of their borrowed money with the Fed to help control money flow (credit) within the economy and contain inflation, in the face of massive money printing.
Compulsions can be hard to resist
  • #581,599
  • Mar 2, 2021 11:58am Mar 2, 2021 11:58am
Quoting coolmakina
and a scalp to close the day. {image}
close +13 and close the day.
why?
My M5 smile said RDH was rejected.
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If you don't know how to earn money, don't loose it.
  • #581,600
  • Mar 2, 2021 11:58am Mar 2, 2021 11:58am
Quoting coolmakina
{quote} all i said is that since US breakout, price has been going up with decreasing volume, i didn't qualify if is bull or bear volume. volume is getting lower, due to time of session.
Here is more simple: Bulls Activity (blue circle) & Bears Activity (red circle)....... Bulls volume are stronger
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