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Cable Update (GBPUSD)

  • #582,601
  • Mar 8, 2021 9:05am Mar 8, 2021 9:05am
EURGBP holds GBPUSD as strong, as it can
When EG will stall to take a breath, GU will fall. Be prepaired guyzz.
  • #582,602
  • Mar 8, 2021 9:11am Mar 8, 2021 9:11am
...just back @ desk updating charts...not a day for the trend traders as range consolidation persists on 1hr/4hr...good day for the smaller t/f traders though. Multiple tests of support @ the top and resistance @ the bottom.

Looking @ dly t/f (gmt+2) you can see where the recovery pullback hi is off Friday's 3778 lo - @ start of that prev sw lo=prev supp=pot sbr zone - a wide zone so will have to drill down to 4hr/1hr/possibly 30min to time any short entries on the sub 30min t/f's in there.

Dly below.
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Trader with an Edge.
  • #582,603
  • Mar 8, 2021 9:14am Mar 8, 2021 9:14am
Quoting babayaga
am I alone here?
I was long but just grabbed 20. Been scalping long and short in the little channel we're in on the 5m. Think i'll leave it for today, it's being a bit annoying

What I see here is a bit of consolidation before a big break down at some point
  • #582,604
  • Mar 8, 2021 9:14am Mar 8, 2021 9:14am
Quoting Moty
it's coming {image}
probably "yes",

but I expect that she comes to " from what she fell" first

I could be wrong

let's see
dolce vita
  • #582,605
  • Mar 8, 2021 9:16am Mar 8, 2021 9:16am
open longs.
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The only constant is change
  • #582,606
  • Mar 8, 2021 9:18am Mar 8, 2021 9:18am
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yes yes yes
  • #582,607
  • Mar 8, 2021 9:34am Mar 8, 2021 9:34am
Quoting babayaga
{quote} probably "yes", but I expect that she comes to " from what she fell" first I could be wrong let's see
" from what she fell"

what do you mean ?
  • #582,608
  • Mar 8, 2021 9:40am Mar 8, 2021 9:40am
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yes yes yes
  • #582,609
  • Mar 8, 2021 9:41am Mar 8, 2021 9:41am
Selling from 1.38291, dxy sitting on support in a bull flag, bullish divergence. Stop to BE, hoping for a break down on cable. TP open
  • #582,610
  • Mar 8, 2021 9:45am Mar 8, 2021 9:45am
Quoting Wavegarrick
{quote} And this is how it goes, I have no indication of buy trades yet. Thanks to DailyChart I did not post my short stack entries. I believe he is long. Nevertheless, the daily chart speaks volumes. All trades locked in and price must do what it has to. Cheers. {image} {image}
Hi Guys,
Into some more short trades here and my stops are in place. I will see where this takes me.
Have a great week
Cheers
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Trade to trade another day
  • #582,611
  • Mar 8, 2021 9:45am Mar 8, 2021 9:45am
Quoting littspaniard
open longs. {image}
stop hit ...redraw chart
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The only constant is change
  • #582,612
  • Mar 8, 2021 9:52am Mar 8, 2021 9:52am
Quoting Sang.Real
{quote} GU Fake out/ fakey move Scalping short {image}

GU

After the fakey, price return inside triangle

Noob question :

Do I stay or close all this scalping trade in the triangle, ?.


Thanks for helping Newbie.

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  • #582,613
  • Mar 8, 2021 9:53am Mar 8, 2021 9:53am
Now, are we gonna take out the demand zone from 1.3775-1.3800..? Saying yes! I think we've just broken out (or trying to) from a bear flag on 15m/1h

We are coming up to that big fib level on dxy again, though.

1.3750 is the next area after that
  • #582,614
  • Mar 8, 2021 10:16am Mar 8, 2021 10:16am
hey Moty, are you still in AUD?
  • #582,615
  • Mar 8, 2021 10:22am Mar 8, 2021 10:22am
Quoting achv
hey Moty, are you still in AUD?
  • #582,616
  • Mar 8, 2021 10:45am Mar 8, 2021 10:45am
Quoting genadi
{quote} " from what she fell" what do you mean ?

I call it "old school"
I will explain later
dolce vita
  • #582,617
  • Mar 8, 2021 10:57am Mar 8, 2021 10:57am
Quoting Sang.Real
{quote} GU After the fakey, price return inside triangle Noob question : Do I stay or close all this scalping trade in the triangle, ?. Thanks for helping Newbie. {image}

GU

Price is approaching last week low.

Would price break or FAKE-OUT at this level.

Bounce or FAKE-OUT.

Hold or Close ?

Thank you for helping newbie.
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  • #582,618
  • Mar 8, 2021 10:57am Mar 8, 2021 10:57am
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yes yes yes
  • #582,619
  • Edited 11:19am Mar 8, 2021 11:03am | Edited 11:19am
Quoting Sang.Real
{quote} GU Price is approaching last week low. Would price break or FAKE-OUT at this level. Bounce or FAKE-OUT. Hold or Close ? Thank you for helping newbie. {image}
I'm holding short for now. Maybe trail your stop. We are at a demand zone, but we have broken out of a flag on 15m . I'm watching US10Y yields to see if we can break through 160bps. Dollar has strong momentum right now, but DXY is also at the top of a channel.

Note there's also a bit of a double bottom with bullish divergence on 5m.. it's hard to read
  • #582,620
  • Mar 8, 2021 11:04am Mar 8, 2021 11:04am
Quoting genadi
{quote}
yes my friend , i having fun with it more then the gu
less commission on margin , almost the same adr , more accurate reverse correlation with the dx
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yes yes yes
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