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Cable Update (GBPUSD)

  • #582,201
  • Mar 5, 2021 2:41am Mar 5, 2021 2:41am
Well done! USDX is extremely bullish, 91.6 printed at 4H TF bullish trend supporting sandwich. These things are monsters.

USD pairs are like runaway trains, difficult to onboard.

NFP will shake things up a bit.

Next weak S for GU 3820, then 3800.

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Take care!
I

Quoting mysterio
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
  • #582,202
  • Mar 5, 2021 2:42am Mar 5, 2021 2:42am
It looks like we're setting up for a bit of retrace here before back down

Should say i'm not buying into this today
  • #582,203
  • Mar 5, 2021 2:43am Mar 5, 2021 2:43am
..there are fib retracements of the major swing lo's to 4242 @ 3845, 3837, and 3828, re this potential demand zone 3845-29.
Trader with an Edge.
  • #582,204
  • Mar 5, 2021 2:47am Mar 5, 2021 2:47am
Price hited the 200% target
Now let's go to the 300
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yes yes yes
  • #582,205
  • Mar 5, 2021 2:52am Mar 5, 2021 2:52am
BTW: 3840 is 200EMA touchpoint on 4H TF. Last time price was there a month ago with a decent punch up.

Although in current sentiment in most probably just ploughs thru.
  • #582,206
  • Mar 5, 2021 2:58am Mar 5, 2021 2:58am
Quoting Georginson
Great job bears ... Now let's attack 1.3820 tomorrow or Monday and 1.3650 this March as far as 1.4050 doesn't break.
Weldone bears... We can now scale out and stand aside for next week. The bulls may fight price for minor retracement before another inevitable fall next week. Cheers!
Data + Stat + Risk/Emotions Management
  • #582,207
  • Mar 5, 2021 3:01am Mar 5, 2021 3:01am
... solid bearish thrust 1hr close.

Quoting Georginson
{quote} Weldone bears... We can now scale out and stand aside for next week. The bulls may fight price for minor retracement before another inevitable fall next week. Cheers!
what's your target mate?
Trader with an Edge.
  • #582,208
  • Mar 5, 2021 3:04am Mar 5, 2021 3:04am
Quoting Headland
... solid bearish thrust 1hr close. {quote} what's your target mate?
I have scaled out at 1.3840... will wait to sell higher again at 1.3920 area next week.
Data + Stat + Risk/Emotions Management
  • #582,209
  • Mar 5, 2021 3:05am Mar 5, 2021 3:05am
Quoting abconqq7
{quote} Watch out, you will regret
I kind of love this kind of regret. Waiting on your next post about NORTH so I can SOUTH it with pleasure . You see, you can't even get it going yet you have the nerve to talk less of Monty and he's MM? Suck it up and keep your opinions about other people to yourself.
  • #582,210
  • Mar 5, 2021 3:06am Mar 5, 2021 3:06am
Quoting Sang.Real
{quote} GU RE-entry Scalping Long {image}

GU


Price still hammering down .

SL just below.

Will leave it there at moment.


Have to pay the price for the mistakes in trading.
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  • #582,211
  • Mar 5, 2021 3:06am Mar 5, 2021 3:06am
Quoting ruben247
{quote} I kind of love this kind of regret. Waiting on your next post about NORTH so I can SOUTH it with pleasure . You see, you can't even get it going yet you have the nerve to talk less of Monty and he's MM? Suck it up and keep your opinions about other people to yourself.
Well said
Data + Stat + Risk/Emotions Management
  • #582,212
  • Mar 5, 2021 3:11am Mar 5, 2021 3:11am
Did anyone get the retest entry, that is the best place to enter a new swing, again gap away from the retest area is a good sign of strong move down

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Follow The Markets Structure - Patience and Discipline
  • #582,213
  • Mar 5, 2021 3:17am Mar 5, 2021 3:17am
I think its best to stay away from any impulsive buying on supports. If you want to get in on any retrace I'd wait for confirmation. I'm just waiting on the next retrace so I can sell again. Think the trend line on daily might give a little bounce to load up on shorts with any luck. We have just plowed through two demand zones on 1h the next isnt until1.3788- 1.38ish
  • #582,214
  • Mar 5, 2021 3:21am Mar 5, 2021 3:21am
Quoting Moty
i changed my mind gu will drop more today the last Friday candle cost me a 1000 $ account from 1500$ profit in February , left only 200 $ the last weekly candle made it's impact {image} {image} {image}
PATIENCE
Like me, cuts losses quickly. But has more patience and lets his winn
  • #582,215
  • Mar 5, 2021 3:22am Mar 5, 2021 3:22am
Closed all buys with small profit at the line of 20 lots.
  • #582,216
  • Mar 5, 2021 3:23am Mar 5, 2021 3:23am
Quoting pipfarm
Did anyone get the retest entry, that is the best place to enter a new swing, again gap away from the retest area is a good sign of strong move down {image}

around 3827 is support the trend is reversed so it could go through it
Follow The Markets Structure - Patience and Discipline
  • #582,217
  • Mar 5, 2021 3:25am Mar 5, 2021 3:25am
Quoting mysterio
I think its best to stay away from any impulsive buying on supports. If you want to get in on any retrace I'd wait for confirmation. I'm just waiting on the next retrace so I can sell again. Think the trend line on daily might give a little bounce to load up on shorts with any luck. We have just plowed through two demand zones on 1h the next isnt until1.3788- 1.38ish

yeh that asc (ascending) trend line and a 61.8% fib @ the current dly lo. Good advice, Pullbacks have been shallow in this strong bearish leg down today so far. Dly below.
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Trader with an Edge.
  • #582,218
  • Mar 5, 2021 3:29am Mar 5, 2021 3:29am
161.8 from last Day candle 1.3795
Or
50 EMA Day 1.3755 ?
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  • #582,219
  • Mar 5, 2021 3:30am Mar 5, 2021 3:30am
Touch down
Shame i left with money in the account to trade it
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yes yes yes
  • #582,220
  • Mar 5, 2021 3:33am Mar 5, 2021 3:33am
Long entered
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