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Cable Update (GBPUSD)

  • #582,501
  • Mar 8, 2021 1:36am Mar 8, 2021 1:36am
This is the secnerio
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 03-08-2021 09.36_1.jpg Size: 127 KB
yes yes yes
  • #582,502
  • Mar 8, 2021 1:38am Mar 8, 2021 1:38am
The pair is moving towards the lower limit of the downtrend channel. But a restest of the HH is possible too.
March in the Spotlight
Risk Management is of utmost importance!
  • #582,503
  • Mar 8, 2021 1:54am Mar 8, 2021 1:54am
Quoting Moty
This is the secnerio {image}
or it could go back to its previous direction.
Do more of what works and less of what doesn't
  • #582,504
  • Mar 8, 2021 1:56am Mar 8, 2021 1:56am
usd and bgp at the moment are the strongest currencies, beacuse that gbpusd not moving, for me looking like buy more then short, but it can be acumullation range before strong sell momentum
patience, patience, patience and after that more patience
  • #582,505
  • Edited 2:15am Mar 8, 2021 2:04am | Edited 2:15am
Me too.

Was so fixated on GU that completely missed the action on GA since 6:30GMT.

Well, day is young still.

Quoting mysterio
{quote} No positions yet. Too close to that TL on daily to tell if it's broken or not. Overall looks more bearish than bullish. Thought we might have got a bit higher than 1.3865, the Saudi oil attack might be putting some bearish pressure on.
  • #582,506
  • Mar 8, 2021 2:06am Mar 8, 2021 2:06am
Stopped out
It's was a trap
Switched to long
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 03-08-2021 10.06_1.jpg Size: 127 KB
yes yes yes
  • #582,507
  • Mar 8, 2021 2:10am Mar 8, 2021 2:10am
Quoting Sang.Real
{quote} GU Diamond Bottom Inverted HNS "W" Pattern {image}

Closed

Whipsaw

Wait for another set up to develop for enter.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 062.jpg Size: 261 KB
  • #582,508
  • Mar 8, 2021 2:12am Mar 8, 2021 2:12am
...nice 1hr hammer off support (prev 1hr/4hr sw lo zone = prev supp=pot supp) and then the upside momentum with an upside breach of steepest 1hr desc t/line....1hr below...consolidation continues on 1hr.
Attached Image (click to enlarge)
Click to Enlarge Name: 7325b02e0a5597d1dca036a121436b49.png Size: 48 KB
Trader with an Edge.
  • #582,509
  • Mar 8, 2021 2:23am Mar 8, 2021 2:23am
Quoting Sang.Real
{quote} Closed Whipsaw Wait for another set up to develop for enter. {image}

GU

Waiting for set up to complete its move.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 063.jpg Size: 366 KB
  • #582,510
  • Mar 8, 2021 2:23am Mar 8, 2021 2:23am
It looks like that it wants to go up but struggling a little bit.
Do more of what works and less of what doesn't
  • #582,511
  • Mar 8, 2021 2:28am Mar 8, 2021 2:28am
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chaos is just unknown order
  • #582,512
  • Mar 8, 2021 2:28am Mar 8, 2021 2:28am
I'm out
Waiting for another signal for short
yes yes yes
  • #582,513
  • Mar 8, 2021 2:30am Mar 8, 2021 2:30am
I want to buy that W/double bottom on the 5m. It's just too close to the pivot to open an order here and I'd expect some retrace after a move like that. That resistance on dxy at 92.18 held
  • #582,514
  • Mar 8, 2021 2:38am Mar 8, 2021 2:38am
Will enter short if breaks 1.37995
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 03-08-2021 10.38_1.jpg Size: 127 KB
yes yes yes
  • #582,515
  • Mar 8, 2021 2:47am Mar 8, 2021 2:47am
London bridge is falling down, falling down..
  • #582,516
  • Mar 8, 2021 2:47am Mar 8, 2021 2:47am
Quoting Moty
Stopped out It's was a trap Switched to long {image}
no trap mate, you need to be more patient, anything under 4hr is not reliable for inside encompassing candles, the candle you traded was valid as indicator but not entry, stop flip flopping and be patient maybe????
If you are new to Forex? Say Goodbye to your account!!
  • #582,517
  • Mar 8, 2021 2:50am Mar 8, 2021 2:50am
Long here
Attached Image (click to enlarge)
Click to Enlarge Name: GU1.png Size: 61 KB
  • #582,518
  • Mar 8, 2021 3:00am Mar 8, 2021 3:00am
... 2 x opposing 1hr candles in this range consolidation on 1hr...typically undecided market re next 'real' move.

1hr below.
Attached Image (click to enlarge)
Click to Enlarge Name: 543a2bf07e23cb28fce288a5ee7cd884.png Size: 29 KB
Trader with an Edge.
  • #582,519
  • Mar 8, 2021 3:01am Mar 8, 2021 3:01am
In an hour Bailey Speaks, it can fly in both direction considering where the price is at the moment
Do more of what works and less of what doesn't
  • #582,520
  • Mar 8, 2021 3:09am Mar 8, 2021 3:09am
Dx broke up Friday crooks" revarsal" spike
Game over
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 03-08-2021 11.07_1.jpg Size: 119 KB
yes yes yes
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