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Cable Update (GBPUSD)

  • #582,241
  • Mar 5, 2021 4:17am Mar 5, 2021 4:17am
We did hit round number 92 on dxy so this could be our potential retrace. I'm just trying to figure out where would be a sensible level to short after that. This whole area is daily supply on dxy too so a pullback makes sense around 1.38 area on cable. DXY might wanna go to around 91.63, so best we can hope for is 1.39. After that load up shorts!

If we make a break up here I might buy on the first pullback, wait and see. If dxy breaks past 92/cable below 1.38 forget about buying for now
  • #582,242
  • Mar 5, 2021 4:26am Mar 5, 2021 4:26am
Hello guys,

I just want to use this to say that we don’t have an inverted head and shoulders pattern on the 4 hour chart of GBPUSD.

Also, there is no double bottom pattern.

The price is seen to be going south.

Bears are pushing it down.

Let’s see what the non-farm payroll will be.
  • #582,243
  • Mar 5, 2021 4:29am Mar 5, 2021 4:29am
Guyz and Galz, in relation to the treasury yield jump and our strengthening USD, i find that very interesting. Around the 33rd minute stuff are mentioned. Anyway, hope you enjoy and of course this is just personal opinion, none advertising is intended

https://www.realvision.com/memories-...nd-commodities
A trader is as good as his stop loss. Understand your mistakes.
  • #582,244
  • Mar 5, 2021 4:31am Mar 5, 2021 4:31am
Quoting Bones
Interest rates have to be over inflation (or at least equal) .Rates are already manipulated lower than otherwise by QE. 100% theres going to be a rise in rates without intervention ,since the ~Gov is sending nearly every man /woman/child and dog free money with a little question to the average citizen what would you do with a windfall ? Check oil cart. The problem for the fed is they can't allow higher interest rates but the unreliable boyfriend says it's probably coming and he's going to let it.This is what the spike in $ is about. {image} {image}...
I don't do politics, but if the government, just let business go bankrupt. Then when we get to the end of this. What do we spend money on to get the economy going. Can you imagine? No pubs, No shops, no builders, no sport. Nothing. No jobs. Got to keep businesses alive as in normal times they will thrive and springboard us out of this nightmare. There are great signs at the moment with the vaccine roll out and this year is the start of the come back.

BY THE WAY YOUR WEEKLY HAMMER WAS SPOT ON
Don't trade what you think. Just what you see!!!
  • #582,245
  • Mar 5, 2021 4:34am Mar 5, 2021 4:34am
Quoting KiwiTrada
{quote} well got 100, 100 to go :-)
15hours for 2nd 100, thats 200, now is time to talk about cable :-)
If you are new to Forex? Say Goodbye to your account!!
  • #582,246
  • Mar 5, 2021 4:42am Mar 5, 2021 4:42am
Quoting Olabanji-Tex
Hello guys, I just want to use this to say that we don’t have an inverted head and shoulders pattern on the 4 hour chart of GBPUSD. Also, there is no double bottom pattern. The price is seen to be going south. Bears are pushing it down. Let’s see what the non-farm payroll will be.
Omo naija. Nice one
  • #582,247
  • Mar 5, 2021 4:43am Mar 5, 2021 4:43am
Quoting Theoak
{quote} I don't do politics, but if the government, just let business go bankrupt. Then when we get to the end of this. What do we spend money on to get the economy going. Can you imagine? No pubs, No shops, no builders, no sport. Nothing. No jobs. Got to keep businesses alive as in normal times they will thrive and springboard us out of this nightmare. There are great signs at the moment with the vaccine roll out and this year is the start of the come back. BY THE WAY YOUR WEEKLY HAMMER WAS SPOT ON
the summer of love is coming
in wondering about yourself, you forgot what you came here to be part of
  • #582,248
  • Mar 5, 2021 4:43am Mar 5, 2021 4:43am
I just bought 1.38 round number, 1h demand. I'm expecting a retrace but its risky, but high RR. I'm putting my stop to BE as soon as I can. I want to see the dollar do a 0.382 retrace of the last swing hi/lo and potentially test the breakout area. If it starts pushing below 1.38 i'm out.

Got my stop to BE already. No re-entries if I get taken out

TP open but obviously I want to go all out short higher up

NEVERMIND got taken out BE looks like dollar may go higher
  • #582,249
  • Mar 5, 2021 4:44am Mar 5, 2021 4:44am
strong bearish, on d1 this is pullback, potentinal retrecmant now, next around 1.37233 zone... i dont like going to buy when is falling like this
patience, patience, patience and after that more patience
  • #582,250
  • Mar 5, 2021 4:51am Mar 5, 2021 4:51am
3764 is the next support if it breaks that then wait retest and back through the support for entry
Follow The Markets Structure - Patience and Discipline
  • #582,251
  • Mar 5, 2021 4:53am Mar 5, 2021 4:53am
Quoting pipfarm
3764 is the next support if it break that then wait retest and back through the support for entry

I should say demand areas not support , so if there is no demand at 3764 then retest and short again
Follow The Markets Structure - Patience and Discipline
  • #582,252
  • Mar 5, 2021 4:53am Mar 5, 2021 4:53am
1.3740 before NFP? maybe

i start buying from 1.3800, till 1.3740
  • #582,253
  • Mar 5, 2021 4:56am Mar 5, 2021 4:56am
Quoting knkie
{quote} the summer of love is coming

To right mate!!!! Like Rabbits!!!!
Don't trade what you think. Just what you see!!!
  • #582,254
  • Mar 5, 2021 4:58am Mar 5, 2021 4:58am
Quoting Theoak
{quote} To right mate!!!! Like Rabbits!!!!
lol
use this lockdown time to get in shape
in wondering about yourself, you forgot what you came here to be part of
  • #582,255
  • Mar 5, 2021 4:59am Mar 5, 2021 4:59am
something strange
daxiand goldi didn't go along , just ranged
there is good chance that price will turn here
Attached Image(s) (click to enlarge)
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yes yes yes
  • #582,256
  • Mar 5, 2021 5:00am Mar 5, 2021 5:00am
Quoting ManggaDua
161.8 from last Day candle 1.3795 Or 50 EMA Day 1.3755 ? {image}
Time for snack. 1.3840s
Attached Image (click to enlarge)
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  • #582,257
  • Mar 5, 2021 5:08am Mar 5, 2021 5:08am
Quoting mysterio
I just bought 1.38 round number, 1h demand. I'm expecting a retrace but its risky, but high RR. I'm putting my stop to BE as soon as I can. I want to see the dollar do a 0.382 retrace of the last swing hi/lo and potentially test the breakout area. If it starts pushing below 1.38 i'm out. Got my stop to BE already. No re-entries if I get taken out TP open but obviously I want to go all out short higher up NEVERMIND got taken out BE looks like dollar may go higher
same entry
If you don't know how to earn money, don't loose it.
  • #582,258
  • Mar 5, 2021 5:08am Mar 5, 2021 5:08am
Quoting knkie
{quote} lol use this lockdown time to get in shape
I have a shoulder injury at the moment, but it does not seem to be getting better. Just trying to rest it. Might try some of your herbal tea!
Don't trade what you think. Just what you see!!!
  • #582,259
  • Mar 5, 2021 5:10am Mar 5, 2021 5:10am
Quoting Sang.Real
{quote} GU Price still hammering down . SL just below. Will leave it there at moment. Have to pay the price for the mistakes in trading. {image}

GU

Price stop at Demand Zone.

Waiting for next move.

Price Action during NFP to follow.

Attached Image (click to enlarge)
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  • #582,260
  • Mar 5, 2021 5:11am Mar 5, 2021 5:11am
Quoting mysterio
I just bought 1.38 round number, 1h demand. I'm expecting a retrace but its risky, but high RR. I'm putting my stop to BE as soon as I can. I want to see the dollar do a 0.382 retrace of the last swing hi/lo and potentially test the breakout area. If it starts pushing below 1.38 i'm out. Got my stop to BE already. No re-entries if I get taken out TP open but obviously I want to go all out short higher up NEVERMIND got taken out BE looks like dollar may go higher
I lied, re-entered on S2 as its still a 1h/4h demand. Now stop to BE. Now if this works out its a miracle, but I want NFP to spike us up to 1.39ish so I can load up short.

Out again- this is dumb. Leaving it for now. Today was easy, I told myself in the morning find a good place to short then forget about it. Unfortunately I just cashed in a small portion of it.
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