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Cable Update (GBPUSD)

  • #582,781
  • Mar 9, 2021 7:50am Mar 9, 2021 7:50am
a little bit late probably..,

uncertainty, which could lead to BUY (?)
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for me it is more BUY
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from myfxbook
dolce vita
  • #582,782
  • Mar 9, 2021 7:51am Mar 9, 2021 7:51am
Daily minor down swing is corrective as its moving against the weekly and has failed to break daily minor support @ 3565

The daily correction subdivided into 3 waves as is evident on the 4 hour timeframe

4 hour support at 3825 was broken to complete wave 3 of the correction

4 hour support at 3767 failed to break and now price is heading up

So currently the 4 Hour minor upswing could be classed as corrective within the daily correction or possibly wave 1 of a new daily minor upswing

If resistance breaks at 4022 i will be looking for a retest and trade into wave 3 of daily minor continuation
Follow The Markets Structure - Patience and Discipline
  • #582,783
  • Mar 9, 2021 7:52am Mar 9, 2021 7:52am
Quoting Sang.Real
{quote} Do you think Moty's Hammer will be able to knock price down ? I still have three open position (LONG). Should I close it ? with small profit ? Or should I let Moty's Hammer do its work. ? Thanks for anyone view on this Please help Newbie.
No cutie..unless you Transformed Into Gear 4 and Put some Haki Inside The Hammer might be help little bit
  • #582,784
  • Mar 9, 2021 7:57am Mar 9, 2021 7:57am
What are the chances for the pair to go down now?
Risk Management is of utmost importance!
  • #582,785
  • Mar 9, 2021 7:58am Mar 9, 2021 7:58am
Min conditions for (c) have been met @1.3890...Yesterday GU made ID/NR4 so today I aim for 200% YRangeExt. let see what happens.
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Always trade your own plan...I don't provide trading signals.
  • #582,786
  • Mar 9, 2021 8:01am Mar 9, 2021 8:01am
Quoting vanca
iam not to comfortable, but sell limit on 1.3894 st, 5 pips,
in, st on be
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patience, patience, patience and after that more patience
  • #582,787
  • Mar 9, 2021 8:02am Mar 9, 2021 8:02am
Quoting DailyChart
{quote} No cutie.. unless you Transformed Into Gear 4 and Put some Haki Inside The Hammer might be help little bit

Ohhh man,

I may have to cut this trade if all in negative position before it reach my 0.75% drawdown.

This is wrong entry. Hammer has failed to do its work.

How about hedging ?.....
  • #582,788
  • Mar 9, 2021 8:03am Mar 9, 2021 8:03am
Quoting Sang.Real
{quote} Do you think Moty's Hammer will be able to knock price down ?

No. Not today.
It looks like we are going to be in a range for some time? Maybe M-hammer works tomorrow or the day after tomorrow?

Only, if I knew WHEN, the M-hammer would work...
Maadik Hugiis. IQ 69.
  • #582,789
  • Mar 9, 2021 8:04am Mar 9, 2021 8:04am
This looks going to 1.3840-50s with possibility to bounce again..below 1.3840 bears control
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #582,790
  • Mar 9, 2021 8:05am Mar 9, 2021 8:05am
Quoting Coreg2004
Min conditions for (c) have been met @1.3890...Yesterday GU made ID/NR4 so today I aim for 200% YRangeExt. let see what happens. {image}
I totally agree considering yesterday ADR.

3930/40/50 is what I am looking for.
Intraday only.
  • #582,791
  • Edited 8:17am Mar 9, 2021 8:05am | Edited 8:17am
Looks like GU down move is running out of steam. A likely up move in the near future, either this week or next week, a break of 1.4000 psychological level which happens to be a monthly resistance will confirm this. The correction is at 61.8% fib on the daily TF. Looking at the big picture, GU is strongly bullish and may run up to 1.6000. But the path to 1.6000 may be temporarily resisted at 1.45 before the next leg up.
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  • #582,792
  • Mar 9, 2021 8:10am Mar 9, 2021 8:10am
Shooting for R3

Dxy reacted perfectly off of its 0.382 retrace of the day
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  • #582,793
  • Mar 9, 2021 8:11am Mar 9, 2021 8:11am
im enter short now
  • #582,794
  • Mar 9, 2021 8:14am Mar 9, 2021 8:14am
Quoting Sang.Real
{quote} Ohhh man, I may have to cut this trade if all in negative position before it reach my 0.75% drawdown. This is wrong entry. Hammer has failed to do its work. How about hedging ?.....
Current london highest hourly bar nicely hold since open,maybe have a chance
  • #582,795
  • Mar 9, 2021 8:15am Mar 9, 2021 8:15am
Quoting Sang.Real
{quote} Ohhh man, I may have to cut this trade if all in negative position before it reach my 0.75% drawdown. This is wrong entry. Hammer has failed to do its work. How about hedging ?.....
possible reverse could occur after NY open, going for today PP (1.3822)

but on this way she has to break 1.3860 and 1.3845

let's see
dolce vita
  • #582,796
  • Mar 9, 2021 8:16am Mar 9, 2021 8:16am
if it ranging, my style not greedy just get some pips and off pc; there will always another chance later
  • #582,797
  • Mar 9, 2021 8:19am Mar 9, 2021 8:19am
Quoting gatenio
{quote} yes, around this level big R right now, my problem is the big time frames like 4h or daily are real mess for me, cant find the ultimate pattern. and as you know little mistake at gold could be painful. Yesterday i bought 1690 for 1710 and my sl hit at 1680.. and 100 pips lost. Today they made my 20 points run.
going for 1725 (?)

or 1720th is enough (?)

are you still with a position
dolce vita
  • #582,798
  • Mar 9, 2021 8:19am Mar 9, 2021 8:19am
Quoting MoneyZilla
{quote} No. Not today. It looks like we are going to be in a range for some time? Maybe M-hammer works tomorrow or the day after tomorrow? Only, if I knew WHEN, the M-hammer would work...

Maybe it will range. But why all of you guy keep on buying GBP, selling USD. ? I wonder...

Anyway , I'm negative net position.

It's getting bad to worse minus 27 pips in total

Am about to pee in my trousers now.




I will get out once it profit...
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  • #582,799
  • Mar 9, 2021 8:21am Mar 9, 2021 8:21am
Quoting DailyChart
{quote} Current london highest hourly bar nicely hold since open,maybe have a chance

Gimme 200% Guarantee, price will stay down.

Mahee can give us 500% guarantee


  • #582,800
  • Mar 9, 2021 8:21am Mar 9, 2021 8:21am
Downtown shopping
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