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Cable Update (GBPUSD)

  • #583,501
  • Mar 12, 2021 5:53am Mar 12, 2021 5:53am
Close some..
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Peace Yo!
  • #583,502
  • Mar 12, 2021 5:55am Mar 12, 2021 5:55am
EG is in the good range I think
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  • #583,503
  • Mar 12, 2021 5:56am Mar 12, 2021 5:56am
Quoting dimitricss
{image}
close all at 3888.. so i can eat my dinner in peace
Trade with prediction = witch with her visions lol
  • #583,504
  • Mar 12, 2021 5:57am Mar 12, 2021 5:57am
139 breached could be a good scalp long here..

scratch that... potentially daily S3
Insane in the Brain..
  • #583,505
  • Mar 12, 2021 6:01am Mar 12, 2021 6:01am
Quoting BeeTogether
139 breached could be a good scalp long here.. scratch that... potentially daily S3
see the volume push down...
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Peace Yo!
  • #583,506
  • Mar 12, 2021 6:04am Mar 12, 2021 6:04am
Quoting mrluckystar
{quote} see the volume push down... {image}
doesnt that indicate a potential slow down?
Insane in the Brain..
  • #583,507
  • Mar 12, 2021 6:06am Mar 12, 2021 6:06am
NY up?
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  • #583,508
  • Mar 12, 2021 6:06am Mar 12, 2021 6:06am
1.38500 good for long?
  • #583,509
  • Mar 12, 2021 6:07am Mar 12, 2021 6:07am
Quoting Ihlas
NY up? {image}
potential bounce up? I agree. As @mysterio would have a tight SL and scalp away
Insane in the Brain..
  • #583,510
  • Mar 12, 2021 6:07am Mar 12, 2021 6:07am
Quoting Marbas
{quote} I dont need charts, I analyze a ton of fundamental and macro information every day. I open my position regarding to this analysis. And I dont see any hints for longs on GU and EU also.. Selling both from yesterdays daily closure. P.S. While I am writing all this, GU slumps 30+ points downwards..
Yeah everyone is seeing that 50 pips down.
What did you see before it went down if you only believe in fundamentals and macro info?
My observation may be wrong but intent correct. Stay calm!
  • #583,511
  • Mar 12, 2021 6:08am Mar 12, 2021 6:08am
Quoting Marbas
{quote} I dont need charts, I analyze a ton of fundamental and macro information every day. I open my position regarding to this analysis. And I dont see any hints for longs on GU and EU also.. Selling both from yesterdays daily closure. P.S. While I am writing all this, GU slumps 30+ points downwards..
Nice to see a fundamental trader on this tread. I personally can't make sense of fundamentals as there are so many inputs.
I can't see how to measure the information.
Such as the vaccine statement you have made on previous post. I've not seen the company accounts for AstraZeneca. How do I even know how it's competition are doing? EU are not getting enough supply. How's that effect the pound? I think there is too much info... Info overload... for the average Joe to make use of. And that is one input!!

Now if the interest rates went up. I would know exactly what to do (or would I) as the market knows about it before we do.
Don't trade what you think. Just what you see!!!
  • #583,512
  • Mar 12, 2021 6:09am Mar 12, 2021 6:09am
Quoting Ziemowit
1.38500 good for long?
if it drops that far we might be in full bearish mode i think. A drop to daily S3 could be the best area to bounce back from however S2 might suffice
Insane in the Brain..
  • #583,513
  • Mar 12, 2021 6:09am Mar 12, 2021 6:09am
Quoting Ziemowit
1.38500 good for long?
Another of my pending order is at 1.386
  • #583,514
  • Mar 12, 2021 6:09am Mar 12, 2021 6:09am
Took the long on 1h demand (last trade taken out BE)

Looking for 1.3935-54 ideally before short (red area)

Stop to BE as always

With regards to fundamentals agreed we're looking at short/medium term up movement on the dollar like I said yesterday but we can still scalp retraces, been as careful to manage risk as possible

Will see if treasury yields base above 160bps, not convinced.. still expecting/hoping for a bit better of a retrace on dxy before back up
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  • #583,515
  • Mar 12, 2021 6:11am Mar 12, 2021 6:11am
Quoting BeeTogether
139 breached could be a good scalp long here.. scratch that... potentially daily S3
only short
i can put that Fibonacci tool all day long
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yes yes yes
  • #583,516
  • Mar 12, 2021 6:15am Mar 12, 2021 6:15am
I believe this could now go up, but it would be like swimming up a river... Best trade is a no trade!!!
Don't trade what you think. Just what you see!!!
  • #583,517
  • Mar 12, 2021 6:16am Mar 12, 2021 6:16am
Quoting Marbas
{quote} Youre welcome. Hold shorts and add new volume to them wisely (check ADR). Move your profitable stoplosses following the price, but hide them near price extremums. Dont recommend buys for now. It is my opinion, I may be wrong. But now all cards are saying sell for a long time

Thanks Marbas for helping me.

I made trade entry mistakes at London Open.

All three position stopped out.

Saw SRF set up.

Switches to short position on the Support Become Resistant Zone.

At least recovered some losses earlier. Now all position closed. Waiting for US Open.

Thanks again for your help

Keep up the good work to help fellow traders

May Green pips with you.

Here's my chart.
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  • #583,518
  • Mar 12, 2021 6:18am Mar 12, 2021 6:18am
Quoting Theoak
I believe this could now go up, but it would be like swimming up a river... Best trade is a no trade!!!

Good advice The Oak

Got my hand burnt at London Open.

Lucky to recover some back on SRF set up.

I will wait for your que to enter the market again.

Just post it , when you made an entry, I will closely follow you.

  • #583,519
  • Mar 12, 2021 6:19am Mar 12, 2021 6:19am
Quoting Theoak
I believe this could now go up, but it would be like swimming up a river... Best trade is a no trade!!!
It will indeed be like that. Always with cable fasten your seatbelts
Insane in the Brain..
  • #583,520
  • Mar 12, 2021 6:21am Mar 12, 2021 6:21am
Quoting Moty
{quote} only short i can put that Fibonacci tool all day long {image} {image}
i could be wrong but as the drop was brutal this morning it’s looking as if it’s lost steam. We might end the day hovering just above 139 which mean a pretty open week next week. A close below 13870 would be a bearish
Insane in the Brain..
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