2
Cable Update (GBPUSD)
- #583,122
- Edited 8:22am Mar 10, 2021 8:01am | Edited 8:22am
- Joined Sep 2009 | Status: Trader | 6,009 Posts
- #583,123
- Mar 10, 2021 8:06am Mar 10, 2021 8:06am
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
{quote} So beautiful ~ you must be the reincarnation of the Mr.Jesse Livermore
Do you mean he will put a bullet into his head? In a hotel room? Soon?
Maadik Hugiis. IQ 69.
- #583,124
- Mar 10, 2021 8:06am Mar 10, 2021 8:06am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #583,125
- Mar 10, 2021 8:06am Mar 10, 2021 8:06am
- Joined May 2008 | Status: I Loose, I Win, I Conquer | 1,834 Posts
Fools Rushing 
- #583,126
- Mar 10, 2021 8:09am Mar 10, 2021 8:09am
I feel your pain - I had only virtual trading day due to other commitments, broke my heart as the calls would have been right 
As I see it Cable is relatively stronger against USD at the moment, meaning that correlation to USDX is there but slightly weaker. 200MA on 4H TF has provided ample resistance and accumulation, which in my books will give Cable short term boost upwards.
Upward move is supported by large players increasing long positions in GU in March as well:
But does it all matter from daytrader perspective whose stops can be hit 10 times per day in any direction...?
Probably its just good to follow PA and short term S/R.
Keep on bending the cable!
As I see it Cable is relatively stronger against USD at the moment, meaning that correlation to USDX is there but slightly weaker. 200MA on 4H TF has provided ample resistance and accumulation, which in my books will give Cable short term boost upwards.
Upward move is supported by large players increasing long positions in GU in March as well:
But does it all matter from daytrader perspective whose stops can be hit 10 times per day in any direction...?
Probably its just good to follow PA and short term S/R.
Keep on bending the cable!
{quote} 15 mins decides it {image}
- #583,127
- Mar 10, 2021 8:19am Mar 10, 2021 8:19am
- Joined Aug 2010 | Status: Trader | 5,404 Posts
I feel your pain - I had only virtual trading day due to other commitments, broke my heart as the calls would have been right
but it is still plenty of time, today only the 10th
I am selling right now..,
dolce vita
- #583,128
- Mar 10, 2021 8:20am Mar 10, 2021 8:20am
- Joined Mar 2011 | Status: moving | 3,642 Posts
The only constant is change
- #583,129
- Mar 10, 2021 8:31am Mar 10, 2021 8:31am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #583,130
- Mar 10, 2021 8:35am Mar 10, 2021 8:35am
- Joined Aug 2010 | Status: Trader | 5,404 Posts
I still keep my buy (from 1.38156 )
but as I see right now
she has nothing left (up) to go for
she has to break 1.3845
I could be wrong
but as I see right now
she has nothing left (up) to go for
she has to break 1.3845
I could be wrong
dolce vita
- #583,131
- Mar 10, 2021 8:38am Mar 10, 2021 8:38am
- Joined Mar 2011 | Status: moving | 3,642 Posts
The only constant is change
- #583,133
- Mar 10, 2021 8:45am Mar 10, 2021 8:45am
- Joined Nov 2013 | Status: Trader | 2,387 Posts
{quote} Do you mean he will put a bullet into his head? In a hotel room? Soon?
- #583,134
- Mar 10, 2021 8:49am Mar 10, 2021 8:49am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #583,135
- Mar 10, 2021 8:51am Mar 10, 2021 8:51am
- Joined May 2008 | Status: I Loose, I Win, I Conquer | 1,834 Posts
Fools Rushing
- #583,137
- Mar 10, 2021 9:04am Mar 10, 2021 9:04am
- Joined Aug 2010 | Status: Trader | 5,404 Posts
sellers hunting continues
dolce vita
- #583,138
- Mar 10, 2021 9:08am Mar 10, 2021 9:08am
- Joined Aug 2018 | Status: Research Analyst | 4,290 Posts
Data + Stat + Risk/Emotions Management
- #583,139
- Mar 10, 2021 9:22am Mar 10, 2021 9:22am
- Joined Aug 2010 | Status: Trader | 5,404 Posts
dolce vita