Cable Update (GBPUSD) | Page 29120 | 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)

  • #582,381
  • Mar 5, 2021 11:02am Mar 5, 2021 11:02am
A Head and Shoulders pattern than can be seen on the 4hr and daily
Attached Image (click to enlarge)
Click to Enlarge Name: 0f835145beda138c5ad8e3d5744311aa.png Size: 307 KB
  • #582,382
  • Mar 5, 2021 11:07am Mar 5, 2021 11:07am
Quoting mysterio
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
I need to learn more about your scalp entries! I think it suits my style of trading psychology
Insane in the Brain..
  • #582,383
  • Mar 5, 2021 11:12am Mar 5, 2021 11:12am
Just wonderful/ will be coming back again on wens day
  • #582,384
  • Mar 5, 2021 11:14am Mar 5, 2021 11:14am
Can go either way long term but for now I think DXY going up
Attached Image (click to enlarge)
Click to Enlarge Name: 88b981ca55afe27f4ede0017d6d2b316.png Size: 41 KB
  • #582,385
  • Edited 11:35am Mar 5, 2021 11:19am | Edited 11:35am
Quoting BeeTogether
{quote} I need to learn more about your scalp entries! I think it suits my style of trading psychology
Check out my journal, I post all my entries with charts winners and losers. The trades start off pretty crappy in November but they're pretty good now! Happy to answer any Q's

It suits me too I like quick trades

It's just price action, supply/demand, pivots and some fibs
  • #582,386
  • Mar 5, 2021 11:22am Mar 5, 2021 11:22am
GUYS SWEET SPOTS
  • #582,387
  • Mar 5, 2021 11:28am Mar 5, 2021 11:28am
Quoting BeeTogether
{quote} Maybe not today...

probably not,
but I am still looking

dolce vita
  • #582,388
  • Mar 5, 2021 12:02pm Mar 5, 2021 12:02pm
You are a monster

Keep it going, its inspirational stuff!

Enjoy the weekend!

Quoting mysterio
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
  • #582,389
  • Mar 5, 2021 12:19pm Mar 5, 2021 12:19pm
GU

Last scalping for today.

Attached Image (click to enlarge)
Click to Enlarge Name: GU 058.jpg Size: 293 KB
  • #582,390
  • Mar 5, 2021 12:19pm Mar 5, 2021 12:19pm
International Women’s Day 2021 MONDAY

Your mother/ur sister/ur wife/ur Lover
  • #582,391
  • Mar 5, 2021 12:22pm Mar 5, 2021 12:22pm
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
Of course I'm talking economics and yes they had to do something.
I defiantly question exactly what they did and have done for decades to arrive at this point.
narrow it down look at the lead up
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-03-05 at 18.20.01.png Size: 333 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #582,392
  • Mar 5, 2021 12:29pm Mar 5, 2021 12:29pm
If the stock market is higher than before this started, without doubt, every knows the FED went too far with support to the financial sector.
Miss allocation of resources will be through the roof .Moral hazard is through the roof.In the end it has to be paid for while there has been another way, only it's more painful every time you avoid it.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #582,393
  • Mar 5, 2021 12:32pm Mar 5, 2021 12:32pm
Quoting mysterio
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
You're just good at it. Kudos
You can't backtest emotions.
  • #582,394
  • Edited 1:05pm Mar 5, 2021 12:35pm | Edited 1:05pm
This is my view for educational and personal use only


So i guess a larger degree correction back somewhere near 3915 is next then a massive swing down

Sorry that is wrong i was a bit hasty , still a minor degree correction followed by a large swing down but still minor, infact a swing down after the correction is not guaranteed , you have to watch price action to see if it will move away from the support area after the retest

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 31 KB
Follow The Markets Structure - Patience and Discipline
  • #582,395
  • Mar 5, 2021 12:47pm Mar 5, 2021 12:47pm
Quoting pipfarm
So i guess a larger degree correction back somewhere near 3915 is next then a massive swing down Sorry that is wrong i was a bit hasty , still a minor degree correction followed by a large swing down {image}
if so
can I expect "my target" 1.3885 right now



...my range bar chart is telling UP (for now)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdmicro-m5-xm-global-limited.png Size: 58 KB
Click to Enlarge Name: gbpusdmicro-xm-global-limited-2.png Size: 39 KB
dolce vita
  • #582,396
  • Mar 5, 2021 12:52pm Mar 5, 2021 12:52pm
Quoting DrDave
{quote} That certainly has good logic. But in real time, if you were looking for the rally then continuation, wouldn't it be more likely that you would have followed the white lines rather than the cyan lines? (All of this was actually irrelevant for me because there is a much, much higher TF in play that was "recently" ending a rally.) {image}

I can say for sure no i would not follow the white lines because each wave moves in sets of bars up and down therefore the white lines are the internal structure of the first minor wave down and to prove my point look at the swing down after the retest, again one set of bars down , one set of bars up and one set of bars down that is the third wave complete , the fifth wave down did not subdivide.

Pip
Follow The Markets Structure - Patience and Discipline
  • #582,397
  • Mar 5, 2021 12:58pm Mar 5, 2021 12:58pm
Quoting Sang.Real
GU Last scalping for today. {image}

GU

Using SNR as target

Hope it works to achieve target.

Attached Image (click to enlarge)
Click to Enlarge Name: GU 059.jpg Size: 299 KB


In LTF for detail clarity

Attached Image (click to enlarge)
Click to Enlarge Name: gu 060.jpg Size: 255 KB
  • #582,398
  • Mar 5, 2021 1:04pm Mar 5, 2021 1:04pm
Quoting babayaga
{quote} if so can I expect "my target" 1.3885 right now ...my range bar chart is telling UP (for now) {image} {image}

That has to be you own decision, i only give my view and my views are not trading recommendations
Follow The Markets Structure - Patience and Discipline
  • #582,399
  • Mar 5, 2021 1:11pm Mar 5, 2021 1:11pm
Quoting pipfarm
{quote} That has to be you own decision, i only give my view and my views are not trading recommendations

thank you,
I was not talking seriously

all my decision are only mine, that's for sure

thank you again
dolce vita
  • #582,400
  • Mar 5, 2021 1:20pm Mar 5, 2021 1:20pm
Interesting entries, some of those in good DD. Would you care to explain your strategy?

Quoting babayaga
{quote} if so can I expect "my target" 1.3885 right now ...my range bar chart is telling UP (for now) {image} {image}
289 traders viewing now, 2 are registered:
smtchris71
,
TooSlow