Cable Update (GBPUSD)

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Post #581,941
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Mar 4, 2021 5:03am Mar 4, 2021 5:03am

ruben247
| Joined Nov 2020 | Status: Member | 153 Posts

Quoting vanca

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{quote} iam grabing dont worry

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great. just don't worry about others. you are not MM

Post #581,942
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Mar 4, 2021 5:09am Mar 4, 2021 5:09am

vanca
Joined Dec 2016 | Status: Member | 121 Posts

Quoting ruben247

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{quote} great. just don't worry about others. you are not MM

Ignored

iam guessing today mm are guilty for taking your st, not you lacking of knowledge, dont be arrogant someday you will get it

patience, patience, patience and after that more patience

Post #581,943
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Mar 4, 2021 5:11am Mar 4, 2021 5:11am

Headland
Joined Apr 2020 | Status: trader | 2,141 Posts

Quoting mysterio

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Trying a long down here, 1.3930, based on the last pic I posted. Stop to BE asap TP open. Looks like a bit of accumulation down here...may be wrong

Ignored

The prev 1hr/4hr sw lo's = prev supp = potential sbr that start @ 3920-circa 3939 on 4hr are the 1st ppa (potential problem area) for you, best shown on 4hr....below. G/L with it.

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Intraday swing scalper +, via Supp/Res & Pa etc.

Post #581,944
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Mar 4, 2021 5:16am Mar 4, 2021 5:16am

ruben247
| Joined Nov 2020 | Status: Member | 153 Posts

Quoting vanca

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{quote} iam guessing today mm are guilty for taking your st, not you lacking of knowledge, dont be arrogant someday you will get it

Ignored

You don't get it, do you? You are actually the arrogant one here. But... I will leave it here

Post #581,945
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Mar 4, 2021 5:18am Mar 4, 2021 5:18am

Sang.Real
Joined Mar 2020 | Status: Newbie | 1,093 Posts

Quoting Headland

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{quote} I don't know what I'd have done without them!

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Noty girl.....

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la hawla wala quwwata illa billah

Post #581,946
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Mar 4, 2021 5:25am Mar 4, 2021 5:25am

DrDave
Joined Jun 2011 | Status: Member | 4,308 Posts

Quoting mysterio

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Trying a long down here, 1.3930, based on the last pic I posted. Stop to BE asap TP open. Looks like a bit of accumulation down here...may be wrong

Ignored

To me, this seems like rather odd logic for trading. Instead of "trying" an entry that "may be wrong", isn't it more logical to LOOK for signs that a turn has actually OCCURRED on a smaller TF that would support your initial guess so that it becomes a probable success?

I see exactly nothing at all on M1 showing a bottom at the time that you posted, let alone leaving an up trail to follow.

The markets are speaking to you. Do you know their language? I M T

Post #581,947
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Mar 4, 2021 5:25am Mar 4, 2021 5:25am

Moty
Joined Dec 2017 | Status: Member | 14,041 Posts | Online Now

Make a retracment mf

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

Post #581,948
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Mar 4, 2021 5:35am Mar 4, 2021 5:35am

Sang.Real
Joined Mar 2020 | Status: Newbie | 1,093 Posts

Quoting Sang.Real

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{quote} GU One hour to L.O. Coming to meet target on scalping. {image}

Ignored

GU

Hard to trade today. Small scalp and rejection.

Closed previous scalp on rejection SNR. Just protecting capital.

Don't know how to trade this GU now. Waiting for next set up ( is any)

May be later at NYO

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la hawla wala quwwata illa billah

Post #581,949
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Mar 4, 2021 5:39am Mar 4, 2021 5:39am

pipfarm
Joined Oct 2010 | Status: Being Patient Under Lockdown | 2,417 Posts

3972 is now the minor resistance within the larger degree down swing that needs to break to take us up

Follow The Markets Structure - Patience and Discipline

Post #581,950
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Mar 4, 2021 5:39am Mar 4, 2021 5:39am

Moty
Joined Dec 2017 | Status: Member | 14,041 Posts | Online Now

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

Post #581,951
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Mar 4, 2021 5:40am Mar 4, 2021 5:40am

mysterio
Joined Sep 2009 | Status: Member | 2,257 Posts | Online Now

Quoting mysterio

Disliked

Trying a long down here, 1.3930, based on the last pic I posted. Stop to BE asap TP open. Looks like a bit of accumulation down here...may be wrong {image}

Ignored

It was an accumulation after all, locked in at BE.

When the wedge/ending diagonal breaks out on DXY i'm expecting strong bullish movement on cable past 1.40, possibly as far as 1.4050.NFP could change that though. As always may be wrong trade your own plan! A break above the wedge past the supply around 91.20 would invalidate

Read the tape

Post #581,952
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Mar 4, 2021 5:40am Mar 4, 2021 5:40am

babayaga
Joined Aug 2010 | Status: Member | 592 Posts

safe trade

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dolce vita

Post #581,953
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Mar 4, 2021 5:50am Mar 4, 2021 5:50am

Ilvez
Joined May 2020 | Status: Member | 447 Posts

Cable is bumming everyone out, its a fifth day in a row in a slightly wonky 100pip channel. Todays range seems to compress even more.

Which is fine in long term because there will be a nice burst soon.

Meanwhile check out the GA camp - spread is higher but it at least moves.

Quoting mysterio

Disliked

Trying a long down here, 1.3930, based on the last pic I posted. Stop to BE asap TP open. Looks like a bit of accumulation down here...may be wrong {image}

Ignored

Post #581,954
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Mar 4, 2021 5:59am Mar 4, 2021 5:59am

Moty
Joined Dec 2017 | Status: Member | 14,041 Posts | Online Now

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

Post #581,955
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Mar 4, 2021 6:01am Mar 4, 2021 6:01am

littspaniard
Joined Mar 2011 | Status: moving | 3,123 Posts | Online Now

long on support

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The only constant is change

Post #581,956
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Mar 4, 2021 6:04am Mar 4, 2021 6:04am

Headland
Joined Apr 2020 | Status: trader | 2,141 Posts

...current dly lo @ that prev 30min sw lo and 61.8% 3859-4006 becomes a 1hr prev sw lo now = prev supp=pot supp...nice 1min, 3min, 5min, 30min, 1hr regular bullish div there too as price breaks just north of that 1st ppa (potential problem area) the prev 1hr/4hr sw lo's = prev supp = pot sbr to 3939. 1hr below.

1hr hammer close but that t/f still rangy.

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Intraday swing scalper +, via Supp/Res & Pa etc.

Post #581,957
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Mar 4, 2021 6:06am Mar 4, 2021 6:06am

pipfarm
Joined Oct 2010 | Status: Being Patient Under Lockdown | 2,417 Posts

Quoting pipfarm

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3972 is now the minor resistance within the larger degree down swing that needs to break to take us up

Ignored

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Follow The Markets Structure - Patience and Discipline

Post #581,958
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Edited at 6:45am Mar 4, 2021 6:09am | Edited at 6:45am

mysterio
Joined Sep 2009 | Status: Member | 2,257 Posts | Online Now

Quoting DrDave

Disliked

{quote} To me, this seems like rather odd logic for trading. Instead of "trying" an entry that "may be wrong", isn't it more logical to LOOK for signs that a turn has actually OCCURRED on a smaller TF that would support your initial guess so that it becomes a probable success? I see exactly nothing at all on M1 showing a bottom at the time that you posted, let alone leaving an up trail to follow.

Ignored

Hey, yea I could see an accumulation going on in the 5m chart and support in the area. We were in supply and the top of a wedge on dxy. I had good confidence in it - I meant I may be wrong in the future medium term movement. I'm just scalping for 20-60 pips a time usually. We dont have the same trading methodologies so I wouldn't expect you to align with me all of the time. In a sense we may be wrong when we take any trade i'm just stating the obvious. Thanks for the comment though

Anyways just took 12 pips on this one. I have met my target so I'm going to wait for the real move later on.

Re-entered on the retest around the same price, stop to BE. We still have some bullish movement to complete, DXY retraced to the supply

And out, another +12. 52 pips/5xR on the day so far which is fine for such weak PA

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Read the tape

Post #581,959
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Mar 4, 2021 6:09am Mar 4, 2021 6:09am

Headland
Joined Apr 2020 | Status: trader | 2,141 Posts

Quoting pipfarm

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{quote} {image}

Ignored

Hi, so do you think if it breaks that area you mention that it will have a good chance of clearing the prev 1hr/4hr swing hi x 2 zone leading up to y/day's 4006 hi (which is 38.2% 4242-3859) ?

Intraday swing scalper +, via Supp/Res & Pa etc.