Cable Update (GBPUSD) | Page 29110 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #582,181
  • Mar 5, 2021 1:48am Mar 5, 2021 1:48am
... price reached the bottom of that prev 1hr/4hr/minor dly sw lo zone =prev supp =pot supp down to 3859 - current wkly lo from tues, and found some buyers there. Nice momentum on that last leg down. The 4hr part of that prev 1hr/4hr/dly sw lo zone down to 3829 starts circa 3845.

1hr below.
Attached Image (click to enlarge)
Click to Enlarge Name: cac50b1219dee9257685233c83cfdd7c.png Size: 47 KB
Trader with an Edge.
  • #582,182
  • Mar 5, 2021 1:50am Mar 5, 2021 1:50am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 49 KB
  • #582,183
  • Mar 5, 2021 1:54am Mar 5, 2021 1:54am
Attached Image (click to enlarge)
Click to Enlarge Name: SmartSelect_20210305-085402_Chrome.jpg Size: 310 KB
  • #582,184
  • Mar 5, 2021 1:56am Mar 5, 2021 1:56am
Quoting Sang.Real
{quote} GU Scalping long SL 17,8 pips This not trade recommendation. Trade at your our risk coz I'm Newbie. {image}

GU

Coming to L.O. ( 13 minutes)

Adjusted SL to last swing low. More appropriate that tighten SL.

Maybe fakout moves for pre London Open.

Waiting for L.O. if price will push higher.

Attached Image (click to enlarge)
Click to Enlarge Name: GU 049.jpg Size: 251 KB
  • #582,185
  • Mar 5, 2021 1:57am Mar 5, 2021 1:57am
... London forex desks are open from circa 0630am London time, although equities open @ 8.00am and that is when most business is done as cross-asset flows start.

Quoting Theoak
Major Resistance broke Short in at 1.3863 Sorry major resistance at 1.3850.. will try and hit 1.3853 this and get out -7 pips loss take my medicine {image}

Bad Luck but you sold in a potential demand zone.
Trader with an Edge.
  • #582,186
  • Mar 5, 2021 2:05am Mar 5, 2021 2:05am
Re-entered my sell from earlier at the same price. I think we're on our way to challenge the TL on the daily chart 1.3830ish. A break below here would be a nice victory.

Out +30
  • #582,187
  • Mar 5, 2021 2:06am Mar 5, 2021 2:06am
Are we still looking at 13840/50 as a bounce back area ?
Insane in the Brain..
  • #582,188
  • Mar 5, 2021 2:07am Mar 5, 2021 2:07am
Quoting Headland
... London forex desks are open from circa 0630am London time, although equities open @ 8.00am and that is when most business is done as cross-asset flows start. {quote} Bad Luck but you sold in a potential demand zone.
Got my lines wrong! I clicked the button and then notice I'd messed up.

What are you long or short?
Don't trade what you think. Just what you see!!!
  • #582,189
  • Mar 5, 2021 2:10am Mar 5, 2021 2:10am
Quoting Theoak
{quote} Got my lines wrong! I clicked the button and then notice I'd messed up. What are you long or short?
I shorted on the pullback to that prev 1hr/4hr sw lo zone that started @ 3867 on a 3min bearish hidden div set-up..out now and flat.
Trader with an Edge.
  • #582,190
  • Mar 5, 2021 2:12am Mar 5, 2021 2:12am
Quoting ChiForex
{quote} My Tp was missed by 8 pips, anyways moving my TP lower..will look at 1.3860, if bases below there.. my new target will be down to 1.3770s, while trailing stop placed at 1.3930..hopefully it will not get triggered again like before
Party just started
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #582,191
  • Mar 5, 2021 2:14am Mar 5, 2021 2:14am
Quoting Headland
{quote} I shorted on the pullback to that prev 1hr/4hr sw lo zone that started @ 3867 on a 3min bearish hidden div set-up..out now and flat.
My set-up that is still on was the break of 1.3850. I'd got my lines wrong and thought it had broken. As soon as I'd clicked the button I noticed my mistake... Like you say major support.
Don't trade what you think. Just what you see!!!
  • #582,192
  • Mar 5, 2021 2:16am Mar 5, 2021 2:16am
This is more hopeful than trend
Attached Image (click to enlarge)
Click to Enlarge Name: 7A2BDA8F-77DF-4075-97FE-BB5AC0EAF5E9.png Size: 359 KB
Insane in the Brain..
  • #582,193
  • Mar 5, 2021 2:17am Mar 5, 2021 2:17am
Quoting Theoak
{quote} My set-up that is still on was the break of 1.3850. I'd got my lines wrong and thought it had broken. As soon as I'd clicked the button I noticed my mistake... Like you say major support.
Clearly the tone so far is bearish today but there can be reactions @ pre-identified potential supp zones and of course hi-prob opps to get involved in the downtrend thru pullbacks to potential sbr areas/fib clusters, and momentum plays. Good Luck.
Trader with an Edge.
  • #582,194
  • Mar 5, 2021 2:21am Mar 5, 2021 2:21am
Quoting Sang.Real
{quote} GU Coming to L.O. ( 13 minutes) Adjusted SL to last swing low. More appropriate that tighten SL. Maybe fakout moves for pre London Open. Waiting for L.O. if price will push higher. {image}

Gu

got stopped out


Attached Image (click to enlarge)
Click to Enlarge Name: gu 050.jpg Size: 218 KB
  • #582,195
  • Mar 5, 2021 2:30am Mar 5, 2021 2:30am
Quoting Headland
........ The 4hr part of that prev 1hr/4hr/dly sw lo zone down to 3829 starts circa 3845. 1hr below. {image}
Price touched the top of that prev 1hr/4hr/dly sw lo zone down to 3929 =prev supp=pot supp at the current dl lo..I have Dly S1 @ 3843.
Attached Image (click to enlarge)
Click to Enlarge Name: 889ad4e8bbc95bf71819517040aac1b6.png Size: 51 KB
Trader with an Edge.
  • #582,196
  • Mar 5, 2021 2:32am Mar 5, 2021 2:32am
False BO perhaps?
  • #582,197
  • Mar 5, 2021 2:34am Mar 5, 2021 2:34am
Quoting Sang.Real
{quote} Gu got stopped out {image}

GU

RE-entry

Scalping Long


Attached Image (click to enlarge)
Click to Enlarge Name: gu 051.jpg Size: 224 KB
  • #582,198
  • Mar 5, 2021 2:35am Mar 5, 2021 2:35am
Quoting PiploEscobar
False BO perhaps?
all breakouts are false until confirmed, and then the confirmation is false, its a tough life!!!
If you are new to Forex? Say Goodbye to your account!!
  • #582,199
  • Mar 5, 2021 2:39am Mar 5, 2021 2:39am
Quoting Sang.Real
{quote} GU RE-entry Scalping Long {image}
usd is appreciating eu gu au nu gold silver swiss cad, if bo,s are false you might be ok, if genuine you will get killed, there is 200sma approx 3824??
If you are new to Forex? Say Goodbye to your account!!
  • #582,200
  • Mar 5, 2021 2:40am Mar 5, 2021 2:40am
Quoting KiwiTrada
{quote} all breakouts are false until confirmed, and then the confirmation is false, its a tough life!!!
Haha, truth!
351 traders viewing now, 2 are registered:
Olu
,
meugampong