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Cable Update (GBPUSD)

  • #582,801
  • Edited 8:39am Mar 9, 2021 8:25am | Edited 8:39am
Quoting pipfarm
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...


Alternatively if the 4 hour minor upswing is a correction within the daily correction then by looking at the 4H upswing on the hourly we can currently see 3 swings up and a break of support around 3800 would confirm the continuation downwards and we would wait for a retest of the 3800 area to short but at the moment i am more inclined to favour the long scenario but you never know.
Follow The Markets Structure - Patience and Discipline
  • #582,802
  • Mar 9, 2021 8:27am Mar 9, 2021 8:27am
Quoting Sang.Real
{quote} Gimme 200% Guarantee, price will stay down. Mahee can give us 500% guarantee
Even the Perfect analysis and Setup also can be fails,No guarantee In Trading or even Life
  • #582,803
  • Mar 9, 2021 8:29am Mar 9, 2021 8:29am
Quoting Ihlas
Downtown shopping

LOL
  • #582,804
  • Mar 9, 2021 8:30am Mar 9, 2021 8:30am
To me, retrace on daily is over.

Bullish daily to continue.

Can confirm again after seeing today close.
Intraday only.
  • #582,805
  • Mar 9, 2021 8:32am Mar 9, 2021 8:32am
Quoting SteadyAsItGo
if it ranging, my style not greedy just get some pips and off pc; there will always another chance later

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from George Lane

it's funny, isn't it
dolce vita
  • #582,806
  • Mar 9, 2021 8:36am Mar 9, 2021 8:36am
Any rise should be sold ... 1.3910/1.3970 selling areas to target 1.3650. only a break of 1.4050 will invalidate this.

Trade with caution.
Data + Stat + Risk/Emotions Management
  • #582,807
  • Mar 9, 2021 8:40am Mar 9, 2021 8:40am
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 ?.....
gu broke up
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yes yes yes
  • #582,808
  • Mar 9, 2021 8:41am Mar 9, 2021 8:41am
Quoting Sang.Real
{quote} 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... {image}

You are already rich! With all these oil money your family holds?

Maybe you can hedge? However, hedging is not for newbies...
Maadik Hugiis. IQ 69.
  • #582,809
  • Mar 9, 2021 8:41am Mar 9, 2021 8:41am
rise to continue as per 4hr and daily chart.

Max retrace is 3850 for long entry tomorrow.
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Intraday only.
  • #582,810
  • Mar 9, 2021 8:41am Mar 9, 2021 8:41am
Short at 1.3906, Tp at 1.3870. I am expecting at least 40 pips correction before any upward move again.
  • #582,811
  • Mar 9, 2021 8:42am Mar 9, 2021 8:42am
almost in profit

ciao Moty
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dolce vita
  • #582,812
  • Mar 9, 2021 8:44am Mar 9, 2021 8:44am
Careful around here. Got an upper TL and fib retrace area. All out for now

Sorry about all the lines

Cluster of supply areas up there at 1.3990-1.4030
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  • #582,813
  • Mar 9, 2021 8:44am Mar 9, 2021 8:44am
Quoting babayaga
{quote} going for 1725 (?) or 1720th is enough (?) are you still with a position
yes, scalping short
  • #582,814
  • Mar 9, 2021 8:45am Mar 9, 2021 8:45am
Quoting babayaga
{quote} {image} from George Lane it's funny, isn't it
Do it scared... most of the time pays off...from me
Always trade your own plan...I don't provide trading signals.
  • #582,815
  • Mar 9, 2021 9:03am Mar 9, 2021 9:03am
Quoting gatenio
{quote} yes, scalping short
don't try to short
price continue to make HH AND HL
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yes yes yes
  • #582,816
  • Mar 9, 2021 9:05am Mar 9, 2021 9:05am
Quoting Moty
{quote} don't try to short price continue to make HH AND HL {image}
we talked about gold bro.
  • #582,817
  • Mar 9, 2021 9:10am Mar 9, 2021 9:10am
Quoting babayaga
almost in profit ciao Moty {image}
now yes, I took it

90 nice pips
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1/2 of last one left
dolce vita
  • #582,818
  • Mar 9, 2021 9:11am Mar 9, 2021 9:11am
Quoting Sang.Real
{quote} 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... {image}
where are your stop losses?
  • #582,819
  • Mar 9, 2021 9:11am Mar 9, 2021 9:11am
sold 2 lots at 13925 20 pip stop per the charts posted over the weekend ... let's pray motys hammer will allow this as the week's high ... good luck all
Attached Image
twitter: @gettoefl
  • #582,820
  • Mar 9, 2021 9:19am Mar 9, 2021 9:19am
Quoting MoneyZilla
{quote} You are already rich! With all these oil money your family holds? Maybe you can hedge? However, hedging is not for newbies...
that is offensive. forex is cruel. you are trading long enough to know that this market can destroy even very rich people...

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