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Cable Update (GBPUSD)

  • #581,821
  • Mar 3, 2021 11:00am Mar 3, 2021 11:00am
Quoting Headland
Price enters bottom of the prev 1hr/minor 4hr sw hi zone =prev res = pot res to today's current 4006 hi . That desc 4hr t/line is close. 1hr below. {image}
when you draw those purple zones does it automatically annotate them based on what tf they were drawn or is manually typed up?
  • #581,822
  • Mar 3, 2021 11:07am Mar 3, 2021 11:07am
pa now , possible test 1.4091 before tanking , take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #581,823
  • Mar 3, 2021 11:08am Mar 3, 2021 11:08am
Quoting Bacco
{quote} im out already. 20 pips loss. i had to wait for the 1h candle to close, which i didnt and it spiked up. short wasnt good anymore.
Clear. I decided to short that big thing. Hanging on it to 1.394 or sth like that.
A trader is as good as his stop loss. Understand your mistakes.
  • #581,824
  • Edited 12:54pm Mar 3, 2021 11:10am | Edited 12:54pm
Quoting Amin1422
{quote} when you draw those purple zones does it automatically annotate them based on what tf they were drawn or is manually typed up?
I put them all in manually via the rectangle tool in the MT4 charting toolbar. They are colour coded as to whether they are a previous fractal swing hi or lo just on the t/f it appears on or whether it exists as such as well on the next higher t/f in the t/f combination I use., Ie: 1hr, 4hr, daily, and whether they have held as Supp or Res on a test ie have another at least one fractal swing at them since they formed.

Quoting coolmakina
{quote} he had the resistance area well identified for a possible short entry. i think he just shoot a bit earlier. +30 min and the entry would be with 0 drawdown atm. but he is a newbie(). Stay cool.
Friend, I'm always cool lol! Trading is about being right, at the right time and a 10 plus DD can be your stop when scalping!
Trader with an Edge.
  • #581,825
  • Mar 3, 2021 11:14am Mar 3, 2021 11:14am
Quoting Coreg2004
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... {image}
continuation of yesterday's thought...
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Always trade your own plan...I don't provide trading signals.
  • #581,826
  • Mar 3, 2021 11:18am Mar 3, 2021 11:18am
Quoting Sang.Real
{quote} GU continue scalping again previous position closed at Support zone. {image}

GU

add scalping position
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  • #581,827
  • Mar 3, 2021 11:19am Mar 3, 2021 11:19am
Quoting Coreg2004
{quote} continuation of yesterday's thought... {image} {image}
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yes yes yes
  • #581,828
  • Edited 11:35am Mar 3, 2021 11:24am | Edited 11:35am
Bought the dip. Stop to BE will buy lower if it drops more. TP open

edit- BE, will buy lower

Bought at 1.3955, stop to BE asap again
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  • #581,829
  • Mar 3, 2021 11:30am Mar 3, 2021 11:30am
GU running like mad dog
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Tradeing is not your mate
  • #581,830
  • Mar 3, 2021 11:31am Mar 3, 2021 11:31am
I see this HNS pattern on DXY 4hr tf, it could strengthen the pound enough to breakout to the upside but it feels like there's not much volume in the market now
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  • #581,831
  • Mar 3, 2021 11:34am Mar 3, 2021 11:34am
I closed everything ( at 1.3925 ) but one position ( from 1.3998 ) and added sell again at 1.3989

looking for 1.3905 ( and probably then (???) for 1.3870th )

let's see

P.S. I think it valid until she will nicely break 1.3986 again
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dolce vita
  • #581,832
  • Mar 3, 2021 11:38am Mar 3, 2021 11:38am
Quoting Sang.Real
{quote} GU add scalping position {image}

GU

Closed all scalping

Its getting late.

Continue tomorrow in quest for nice set up

Take care

Trade Safe

Sang Real
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  • #581,833
  • Mar 3, 2021 11:42am Mar 3, 2021 11:42am
Quoting mysterio
Bought the dip. Stop to BE will buy lower if it drops more. TP open edit- BE, will buy lower Bought at 1.3955, stop to BE asap again {image}
wooww... i love it.. beautiful color...
Trade with prediction = witch with her visions lol
  • #581,834
  • Mar 3, 2021 11:47am Mar 3, 2021 11:47am
Quoting dimitricss
{quote} wooww... i love it.. beautiful color...
Thanks

I'm Scottish so it's based on Scotland's tartan/football colours
  • #581,835
  • Mar 3, 2021 11:48am Mar 3, 2021 11:48am
Stop Loss hit for me, reenter long at 1,3966. Later chart
The only constant is change
  • #581,836
  • Mar 3, 2021 11:49am Mar 3, 2021 11:49am
signel !!!
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yes yes yes
  • #581,837
  • Mar 3, 2021 12:06pm Mar 3, 2021 12:06pm
Hello guys,

It seems the price is still moving in a range.

It seems to be bounded by the 1.3900 and 1.4000 price levels.

Check out this dragon fly doji that formed on the 4-hour chart of GBPUSD.

Please trade safely.
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  • #581,838
  • Mar 3, 2021 12:12pm Mar 3, 2021 12:12pm
Quoting Sang.Real
{quote} GU Closed all scalping Its getting late. Continue tomorrow in quest for nice set up Take care Trade Safe Sang Real {image}
good man! well done buddy! soon you will be coaching us!! keep it up
Insane in the Brain..
  • #581,839
  • Mar 3, 2021 12:19pm Mar 3, 2021 12:19pm
Quoting mysterio
Bought the dip. Stop to BE will buy lower if it drops more. TP open edit- BE, will buy lower Bought at 1.3955, stop to BE asap again {image}
I'm just gonna forget about this and hope it goes north during Tokyo. Stop to BE so it's a risk free trade. I actually ended up scalping a handful of pips and re-entering when it dipped again.
  • #581,840
  • Mar 3, 2021 12:37pm Mar 3, 2021 12:37pm
Asia session could push cable up past 140. Will be interesting to see at what level will there be a rejection
Insane in the Brain..
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