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Cable Update (GBPUSD)

  • #582,361
  • Mar 5, 2021 10:14am Mar 5, 2021 10:14am
New to trading

Just my opinion, I think it will touch 1.3777 then retrace
  • #582,362
  • Mar 5, 2021 10:14am Mar 5, 2021 10:14am
Quoting coolmakina
{quote} good to use on trending. not in this case, after nfp price is ranging/chopping, so better buy low range, sell high range, until 123 plays.
be interesting to see how far it will drop before we see a rise again
Insane in the Brain..
  • #582,363
  • Mar 5, 2021 10:19am Mar 5, 2021 10:19am
looking for 1.3885
if no
I am an idiot

dolce vita
  • #582,364
  • Mar 5, 2021 10:20am Mar 5, 2021 10:20am
Quoting BeeTogether
{quote} be interesting to see how far it will drop before we see a rise again
while whithin this range, buy low range, sell high range, reverse when it breaks...
but not anymore for me.
i has able to catch 37 pips on pull back of nfp.
enough trading.
see you next week.
M5 bellow.
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If you don't know how to earn money, don't loose it.
  • #582,365
  • Mar 5, 2021 10:21am Mar 5, 2021 10:21am
Quoting coolmakina
{quote} while whithin this range, buy low range, sell high range, reverse when it breaks... but not anymore for me. i has able to catch 37 pips on pull back of nfp. enough trading. see you next week. M5 bellow.{image}
Have safe weekend mate
Insane in the Brain..
  • #582,366
  • Mar 5, 2021 10:21am Mar 5, 2021 10:21am
Quoting babayaga
looking for 1.3885 if no I am an idiot
Maybe not today...
Insane in the Brain..
  • #582,367
  • Mar 5, 2021 10:22am Mar 5, 2021 10:22am
Quoting greengp
Thank You guys it is a wonderful platform / back to George Michel music
why i am saying my son age 28.5 is a social media buff/ not wrong in the sense of girls/ just business development/i told him yesterday slow down son/ he told me if i slow down i go crazy/ BUT THE FATHER STARING AT THE CHART DRAWING ALL THE HZ LINES. LOVE MY SON AS WELL MY DAUGHTER
  • #582,368
  • Mar 5, 2021 10:23am Mar 5, 2021 10:23am
Quoting greengp
{quote} why i am saying my son age 28.5 is a social media buff/ not wrong in the sense of girls/ just business development/i told him yesterday slow down son/ he told me if i slow down i go crazy/ but the father staring at the chart drawing all the hz lines. Love my son as well my daughter

not girls for social media but for self improvement and to make carrier
  • #582,369
  • Mar 5, 2021 10:23am Mar 5, 2021 10:23am
Quoting xDREx
What do you think? Corrections on Analysis appreciated {image}
double top require double bottom or 3. simple
trade the up weakness it gives you less risk,.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #582,370
  • Mar 5, 2021 10:24am Mar 5, 2021 10:24am
Quoting greengp
Sorry guys i just want to share this just in the olden days the computer is to shake on NFP HOUR . NOW A DAYS I AM NOT SEEING THAT
Agreed Green...
I mean, i can remember all sorts of Scenarios around NFP,
as i'm sure you do my friend. I remember there was some of the following:
_ Shut everything down BEFORE 8am EST, -Just Close everything.
_ Then it was the News Svc's Wires that you pay for to get the
news in Milliseconds. _ Then the Robots Set up for it and 'argument
for or against them & people blaming them.
_ Then People would discuss the "Art of the Straddle" and i clearly remember one guy,
Who was on "Live," Saying "Uh-Oh" & Literally Blowing up The Account trading "The Straddle"
& Then they promptly removed his Trading Show that Friday. 'Next Monday it was a new host...
_ Then there was, "Give it 5 min's after the Spike," Then the Big-Players,
Will Certainly Step-In & Push the Spike Hard one way or the Reverse.
Attached Image

_ People Had Daily, Weekly & even Monthly Pivots Out- READY to React to
Whatever the News was.
I'm sure alot of this still happens, but i believe people have ran over to Crypto,
and such & maybe that's just the new game in town, getting all the attention.
I don't know. But your bottom line is right. I used to remember it would roll 150-200 Pips,
on a good or Brutal News Cycle. Good post, and memories bringing this up.
My best Green-

Jeff P.S. Oh, and i forgot- Still happens now; _ People would always blame the Broker,
For their Trade or Bad Trade and you thought that was it & there was "Slippage".
At the time i had my Broker Refund me like $4-5K on a trade. Due to Servers crashing, etc.
-And you had more discussions w/your broker.
I will work to Objectively Identify my Edges
  • #582,371
  • Mar 5, 2021 10:33am Mar 5, 2021 10:33am
Quoting Zircon
{quote} One swallow bird does not make spring.
2 now?
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #582,372
  • Mar 5, 2021 10:35am Mar 5, 2021 10:35am
Quoting Marbas
{quote} I dont see any trades here. Just an indicator with suppaduppa magical arrows (which repaints I guess). Show your statement so we can see your only winning trades
Yes the arrows repaint but this is no problem unless you don't know how to trade with indicators. I rarely trade GBPUSD but I follow that pair as it's a proxy for the FTSE. Trading a few hours a day is enough for me I'm not glued to charts. However, I took 1 trade today and yesterday morning. I can't wait to see your GBPUSD trades of today and yesterday.
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  • #582,373
  • Mar 5, 2021 10:36am Mar 5, 2021 10:36am
Quoting greengp
Seems it will be back to pavilion means the m5 pin bar

MUM/ MUM
  • #582,374
  • Mar 5, 2021 10:39am Mar 5, 2021 10:39am
Inserted Video
  • #582,375
  • Mar 5, 2021 10:46am Mar 5, 2021 10:46am
Draw m 5 chart top 1.38693 to touch 1.38357 and monitor the chart to see it can bounce to m 5 pin bar . THE TREND LINE
  • #582,376
  • Mar 5, 2021 10:47am Mar 5, 2021 10:47am
Here we are
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  • #582,377
  • Mar 5, 2021 10:52am Mar 5, 2021 10:52am
Forecast from DailyFX
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Insane in the Brain..
  • #582,378
  • Mar 5, 2021 10:54am Mar 5, 2021 10:54am
Quoting terpfan2
{quote} agreed green... I mean, i can remember all sorts of scenarios around nfp, as i'm sure you do my friend. I remember there was some of the following: _ shut everything down before 8am est, -just close everything. _ then it was the news svc's wires that you pay for to get the news in milliseconds. _ then the robots set up for it and 'argument for or against them & people blaming them. _ then people would discuss the "art of the straddle" and i clearly remember one guy, who was on "live," saying "uh-oh" & literally blowing up the account trading...
i love u man . I will come up my trading days during work while i was 35 years
  • #582,379
  • Edited 11:23am Mar 5, 2021 10:56am | Edited 11:23am
Now seeing a falling wedge on 5m chart forming on 1h demand and rising wedge on dxy..

Snuck in a long at 1.37981 at the bottom of the wedge, stop to BE already. Treasuries reacted at psych level 1.6

edit- Out +28

Will re-enter if it retests

Re-enter long at 1.3807, stop to BE asap
  • #582,380
  • Mar 5, 2021 11:02am Mar 5, 2021 11:02am
Long in at 1.3815 target 1.3865 sl 1.3786
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Don't trade what you think. Just what you see!!!
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