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Cable Update (GBPUSD)

  • #583,141
  • Mar 10, 2021 11:32am Mar 10, 2021 11:32am
Quoting MTF Test
5M Potential BIAS {image}
break up
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yes yes yes
  • #583,142
  • Mar 10, 2021 11:35am Mar 10, 2021 11:35am
Quoting babayaga
sellers hunting continues

Give away yours and let us move on higher?
Maadik Hugiis. IQ 69.
  • #583,143
  • Mar 10, 2021 11:36am Mar 10, 2021 11:36am
Quoting Moty
{quote} break up {image} {image}
I'm with you

I dunno how these auctions work, if any info is leaked before 6pm but the market is starting to price in an outcome
  • #583,144
  • Mar 10, 2021 11:44am Mar 10, 2021 11:44am
Quoting mysterio
{quote} It is basically dependent on this auction at 6pm. I see the market is edging yields lower so maybe that indicates they collectively expect no surprises because of the benign inflation data. If it goes smoothly then I guess dollar continues its downtrend, if it goes like the 7y auction the other week then another treasury sell off and GU tanks. So there's no point opening anything around here based on any technical factor. I kinda implied that the dxy channel decides it but I'm thinking about it the wrong way, the fundamental news decides...
above 1.60% is USD positive and a drop under 1.50% is vice versa
My observation may be wrong but intent correct. Stay calm!
  • #583,145
  • Mar 10, 2021 11:47am Mar 10, 2021 11:47am
The worst currency to trade. It's clue less and unpredictable. A lot of analysts are lost
  • #583,146
  • Mar 10, 2021 11:48am Mar 10, 2021 11:48am
Quoting Onlytrader
The worst currency to trade. It's clue less and unpredictable. A lot of analysts are lost
Cable? Are you kidding me? This thing is a goldmine I'm loving it

I mean for intraday scalping I find it very predictable- I couldn't tell you where it's going tomorrow, next week etc.
  • #583,147
  • Mar 10, 2021 11:49am Mar 10, 2021 11:49am
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yes yes yes
  • #583,148
  • Mar 10, 2021 11:54am Mar 10, 2021 11:54am
..back for the U.s Bond Auction (10yr T-notes.)...time is edging toward it. 38.2% 4182-3778 @ the current dly hi. Pullback to 61.8% 3845 (current dly lo) - 3934 (current dly hi.) 1hr below.
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Trader with an Edge.
  • #583,149
  • Mar 10, 2021 11:55am Mar 10, 2021 11:55am
Inserted Video
  • #583,150
  • Mar 10, 2021 12:03pm Mar 10, 2021 12:03pm
...looks like those inflation numbers did indeed take the fun out of it lol!
Trader with an Edge.
  • #583,151
  • Mar 10, 2021 12:04pm Mar 10, 2021 12:04pm
Bloomberg saying the auction went pretty much as expected. Yields spiked a little bit but nothing crazy. Looks like the dollar is continuing down. Supposedly there's demand so that brokers can lend them out for shorting

Long order doing alright-I'll hold til around 1.40 maybe
  • #583,152
  • Mar 10, 2021 12:05pm Mar 10, 2021 12:05pm
Quoting Onlytrader
The worst currency to trade. It's clue less and unpredictable. A lot of analysts are lost
gbpusd is good pair to trade. geppy is far worse
  • #583,153
  • Mar 10, 2021 12:05pm Mar 10, 2021 12:05pm
Quoting mysterio
{quote} Cable? Are you kidding me? This thing is a goldmine I'm loving it I mean for intraday scalping I find it very predictable- I couldn't tell you where it's going tomorrow, next week etc.
  • #583,154
  • Mar 10, 2021 12:06pm Mar 10, 2021 12:06pm
Quoting Moty
{image}

Getting tight.

Maybe , going to break UP tomorrow.


Goodnite Moty.

Trade Well and Trade Safe

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  • #583,155
  • Mar 10, 2021 12:13pm Mar 10, 2021 12:13pm
A crappy diagonal 5th wave which is why it is pulling back so far for the 5th of 5th , so probability is it will not go the 4019 top, draw a channel and between the tops and bottoms to get the end.

Actually i might be wrong there, could be an extending 3rd so maybe will get to 4019 anyway it does not matter just follow direction pullback entry
Follow The Markets Structure - Patience and Discipline
  • #583,156
  • Mar 10, 2021 12:25pm Mar 10, 2021 12:25pm
second time that the breakout candle is engulfing
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yes yes yes
  • #583,157
  • Mar 10, 2021 12:27pm Mar 10, 2021 12:27pm
Quoting Sang.Real
{quote} Getting tight. Maybe , going to break UP tomorrow. Goodnite Moty. Trade Well and Trade Safe {image} {image}

GU

Closing this small scalping. Good for my learning process and trade discipline.

We can find another set up tomorrow.

Good nite all and thanks for sharing excellent knowledge in this thread.

Trade Safe and Stay Heathy


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  • #583,158
  • Mar 10, 2021 12:49pm Mar 10, 2021 12:49pm
goldi
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yes yes yes
  • #583,159
  • Mar 10, 2021 1:15pm Mar 10, 2021 1:15pm
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yes yes yes
  • #583,160
  • Mar 10, 2021 1:21pm Mar 10, 2021 1:21pm
Quoting littspaniard
longs {image}
second shot with profit...closing manually.
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The only constant is change
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