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Cable Update (GBPUSD)

  • #583,341
  • Mar 11, 2021 10:21am Mar 11, 2021 10:21am
Quoting Student21
{quote} Careful may be the jump was bcs of the news (https://www.forexfactory.com/calendar 30-y Bond Auction).
There's the bet. Lets see how we get on!!! Going out now.
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Don't trade what you think. Just what you see!!!
  • #583,342
  • Mar 11, 2021 10:33am Mar 11, 2021 10:33am
I see 1 to 3 buy days to come?!? Maybe the good persons here will have to give back something they won recently...
Maadik Hugiis. IQ 69.
  • #583,343
  • Mar 11, 2021 10:35am Mar 11, 2021 10:35am
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show me the gold !!!
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yes yes yes
  • #583,344
  • Mar 11, 2021 10:57am Mar 11, 2021 10:57am
Quoting Theoak
Well my target for the day was 1.40. The m bull momentum in market is going up, so lets go for it long in at 1.3984
not sure if we will see 1.4 today. Have a sneaky feeling it will be tonight during Asia
Insane in the Brain..
  • #583,345
  • Mar 11, 2021 11:28am Mar 11, 2021 11:28am
Quoting ChiForex
{quote} 1.3944-59 might be a fakeout on daily just to fill the 4hr. Above there is weekly 1.40 *Buy positions today located at 1.3900s and around 1.3875
After price held much at 1.3944-59, then based above and turned it support as you can see..just that price couldn't simply go hit 1.40 and come down, this slow ant movement upward is disgusting TBH!
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #583,346
  • Mar 11, 2021 11:44am Mar 11, 2021 11:44am
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  • #583,347
  • Mar 11, 2021 11:47am Mar 11, 2021 11:47am
sell 1.3987

Stop 1.4007

Target 1.3941

  • #583,348
  • Mar 11, 2021 12:36pm Mar 11, 2021 12:36pm
Still going! Touched 1h/4h supply zone now
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  • #583,349
  • Mar 11, 2021 12:37pm Mar 11, 2021 12:37pm
Quoting mysterio
Still going! Touched 1h/4h supply zone now {image}
it’s relentless today
Insane in the Brain..
  • #583,350
  • Mar 11, 2021 12:38pm Mar 11, 2021 12:38pm
Quoting Sang.Real
{quote} GU Add one more position to avoid price from falling down. Hope this help to elevate price higher. Seller came in in big numbers, trying to help to fuel the price up ( by providing liquidity) Let wish so. {image}

GU

US Market closing

End of Scalping.

Closed all position

Continue tomorrow for another set up

Thank You all Professional Traders in this thread for helping me.



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Sang Real
  • #583,351
  • Mar 11, 2021 12:46pm Mar 11, 2021 12:46pm
Quoting BeeTogether
{quote} it’s relentless today
It's doing my head in today Congrats everyone who made money
  • #583,352
  • Mar 11, 2021 12:49pm Mar 11, 2021 12:49pm
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yes yes yes
  • #583,353
  • Mar 11, 2021 12:52pm Mar 11, 2021 12:52pm
Quoting MoneyZilla
{quote} Will take this one a friendly non-insulting compliment! We are coming for your be+spread nil trade...
you hunting my stop must be starting to hurt mate, looking to defend 1 4000 cable perhaps you can hunt (try) that one too
If you are new to Forex? Say Goodbye to your account!!
  • #583,354
  • Mar 11, 2021 12:53pm Mar 11, 2021 12:53pm
Quoting Theoak
{quote} There's the bet. Lets see how we get on!!! Going out now. {image}
Bingo Bongo
Don't trade what you think. Just what you see!!!
  • #583,355
  • Mar 11, 2021 1:06pm Mar 11, 2021 1:06pm
... Back @ desk updating charts. Strong bullish day <1hr off the gmt+2 daily close and almost certainly the 4th consecutive bullish bodied dly candle will result and probably a sub 30 day adr candle at that, which seems to be more the norm than not these days. (79pips range so far today.)

Price @ the current dly hi has entered the 4hr part of the prev 1hr/4hr/dly sw hi zone=prev res = pot res to that 4017 swing hi, (1hr parts starts circa 3996.) 50% of the total 4242-3778 recent fall runs thru it @ 4010. Dly R2 is lower @ 3998. 61.8% of the 4182-3778 is just above the zone @ 4027.

That 4hr bearish hidden div is still present so long as price stays below 4017, as mentioned earlier - but as discussed then to act on it (ie to short and hold for a follow through below 3778) you would have to be convinced that a 2nd LH then a LL (below 3778) would result on the dly into whose only possibly developing downtrend you would be entering after a pullback - ie there is no downtrend on the dly yet.
Trader with an Edge.
  • #583,356
  • Mar 11, 2021 1:07pm Mar 11, 2021 1:07pm
Will be interesting to see how this rise goes. It’s been nearly as brutal as the last rise in February.
Insane in the Brain..
  • #583,357
  • Mar 11, 2021 1:16pm Mar 11, 2021 1:16pm
Cable isnt done got alot left in the tank
Be one with the Algorithm ''Chosen Trader''
  • #583,358
  • Mar 11, 2021 1:19pm Mar 11, 2021 1:19pm
Seems pound flying around
  • #583,359
  • Mar 11, 2021 1:24pm Mar 11, 2021 1:24pm
Quoting BeeTogether
Will be interesting to see how this rise goes. It’s been nearly as brutal as the last rise in February.
"Brutal" Im assuming you are bear? for short-term bull its not brutal, its awesome, and expected, market is in the process of "possible" reversal of much bigger bull run monthly weekly and daily, medium and long term traders ie trendd traders are focused on this attempted reversal because early entry is lucrative, hence this "brutal" bull run could?? be a pull back of the reversal from 4238 which is close to fib 50 and utl of expanding triangle (daily & 4hr) so it is "normal" pa note Cable is the most respective of fib 50 of most pars!!!! time will tell
If you are new to Forex? Say Goodbye to your account!!
  • #583,360
  • Mar 11, 2021 1:26pm Mar 11, 2021 1:26pm
Quoting KiwiTrada
{quote} "Brutal" Im assuming you are bear? for short-term bull its not brutal, its awesome, and expected, market is in the process of "possible" reversal of much bigger bull run monthly weekly and daily, medium and long term traders ie trendd traders are focused on this attempted reversal because early entry is lucrative, hence this "brutal" bull run could?? be a pull back of the reversal from 4238 which is close to fib 50 and utl of expanding triangle (daily & 4hr) so it is "normal" pa note Cable is the most respective of fib 50 of most pars!!!!...
im a bull I stupidly have an open trade from14160!
Insane in the Brain..
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