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Cable Update (GBPUSD)

  • #581,961
  • Mar 4, 2021 5:56am Mar 4, 2021 5:56am
... price seems to be attracted to the middle of this range with false b/o's lol. 1hr below.
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Trader with an Edge.
  • #581,962
  • Mar 4, 2021 5:57am Mar 4, 2021 5:57am
Could try to scalp short here, I won't bother though. I'm waiting for a decisive break and retrace before going long
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  • #581,963
  • Mar 4, 2021 5:59am Mar 4, 2021 5:59am
I see Falling wedge pattern
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  • #581,964
  • Mar 4, 2021 6:07am Mar 4, 2021 6:07am
Quoting Sang.Real
{quote} 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 {image}

GU

There are days when trading is hard.

The only things we can do is to minimize the exposure.

Small SL with single trade. Not multiple trade as usual.

Scalp with small position while waiting the real set up pattern develop

Going to leave this trade till NYO.
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  • #581,965
  • Mar 4, 2021 6:07am Mar 4, 2021 6:07am
Quoting ruben247
{quote} welcome back . So, 20,000% now? tell us please. don't show us
Muppet
  • #581,967
  • Mar 4, 2021 6:09am Mar 4, 2021 6:09am
Quoting DailyChart
{quote} Muppet
I missed you sweetheart. So tell us, 20,000% yet? don't tell me I missed it by 1%
  • #581,968
  • Edited 7:42am Mar 4, 2021 6:22am | Edited 7:42am
DXY Lower high, if it pulls back enough then this could strengthen GBP enough to effect the falling wedge pattern breakout
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  • #581,969
  • Mar 4, 2021 6:27am Mar 4, 2021 6:27am
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yes yes yes
  • #581,970
  • Mar 4, 2021 6:30am Mar 4, 2021 6:30am
Quoting M.Fadly
{image}
update
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Like me, cuts losses quickly. But has more patience and lets his winn
  • #581,971
  • Mar 4, 2021 6:37am Mar 4, 2021 6:37am
Quoting Theoak
{quote} Triple bottom on 5 min target 20 pips ish In at 1.3934 long {image}
Out + 7 pip

Trendline resistance given up on target
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Don't trade what you think. Just what you see!!!
  • #581,972
  • Mar 4, 2021 6:41am Mar 4, 2021 6:41am
..potential inverted H&S thingy on 4hr. Could go either way of course but probably only just about favours an upside break? - but trade what we see. Very dull at the moment lol!

4hr below.
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Trader with an Edge.
  • #581,973
  • Mar 4, 2021 6:44am Mar 4, 2021 6:44am
I'm waiting for the news of the Initial Jobless Claims
  • #581,974
  • Mar 4, 2021 7:00am Mar 4, 2021 7:00am
..bullish engulfing close on 1hr below.
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Trader with an Edge.
  • #581,975
  • Mar 4, 2021 7:03am Mar 4, 2021 7:03am
gold is breaking , up up and away
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yes yes yes
  • #581,976
  • Mar 4, 2021 7:12am Mar 4, 2021 7:12am
Quoting Moty
gold is breaking , up up and away {image}

Ha ha - with 95% of Gold RT's looking to go long do you really think the boys are going to give them all a free lunch? Expect a choppy ride until at least after NFP tomorrow

More likely to go sideways
  • #581,977
  • Mar 4, 2021 7:28am Mar 4, 2021 7:28am
Quoting Mtinifx
{quote} Ha ha - with 95% of Gold RT's looking to go long do you really think the boys are going to give them all a free lunch? Expect a choppy ride until at least after NFP tomorrow More likely to go sideways
Or maybe we will have a long explosion?
A trader is as good as his stop loss. Understand your mistakes.
  • #581,978
  • Mar 4, 2021 7:34am Mar 4, 2021 7:34am
I have a new long going from 1.39449. Pretty risky as opened not long before the news but it didn't move the market much, was ready to close quickly if it went the wrong way. I will add if we make a decisive break up out of this 1h channel after a retrace, if it happens. Stop at BE but target will be above 1.40
  • #581,979
  • Mar 4, 2021 7:36am Mar 4, 2021 7:36am
Quoting Sang.Real
{quote} GU There are days when trading is hard. The only things we can do is to minimize the exposure. Small SL with single trade. Not multiple trade as usual. Scalp with small position while waiting the real set up pattern develop Going to leave this trade till NYO. {image}
GU

Add 2nd position

Moved Stop higher.

Break Daily Open Price.

Waiting to spike up on H4 candle close.

Target same for both position.

Slow trading today.
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  • #581,980
  • Mar 4, 2021 8:01am Mar 4, 2021 8:01am
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Like me, cuts losses quickly. But has more patience and lets his winn
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