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Cable Update (GBPUSD)

  • #583,601
  • Mar 12, 2021 9:28am Mar 12, 2021 9:28am
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yes yes yes
  • #583,602
  • Mar 12, 2021 9:28am Mar 12, 2021 9:28am
Quoting littspaniard
longs {image}
out, stop loss - 10 pips.. waiting for next shake out
The only constant is change
  • #583,603
  • Mar 12, 2021 9:34am Mar 12, 2021 9:34am
...that 5min hidden bearish div @ that prev 1hr sw lo and 23.6% fib did for the longs lol! We could though see demand emerge anywhere top of this prev 1hr sw lo=prev supp=pot supp (see my 1hr chart in post above,) down to the bottom of the next 1hr/4hr sw lo zone = prev supp = pot supp extending down to 3845. 4hr below.
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Trader with an Edge.
  • #583,604
  • Mar 12, 2021 9:34am Mar 12, 2021 9:34am
Quoting Sang.Real
{quote} GU This trade is not doing well. Get a quick bounce from reaction to H4 demand zone and Weekly Pivot point. Hold a while. May cut it if goes lower. {image}
The Lower highs and lows are not violated yet, so the downtrend has no evidence of ending.

I closed my position at 1.3866, consolidation or reversal is likely IMO. It’s Friday and don’t want to check the chart anymore so...

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  • #583,605
  • Mar 12, 2021 9:37am Mar 12, 2021 9:37am
Quoting mysterio
Put a buy in at S3, last try buying. 1.3866, stop to BE, TP open. My last two buys went 20 pips in profit but I failed to TP and just took BE. Overall just relying on my overnight trade. {image}
Managed to take 20 when I saw it reversing on the upper TL, not quick thinking enough to reverse short as I expected a breakout, back long on S3 stop at BE.

Getting a bit sick of this time to call it for the week after this I think!
  • #583,606
  • Mar 12, 2021 9:41am Mar 12, 2021 9:41am
longs
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The only constant is change
  • #583,607
  • Mar 12, 2021 9:47am Mar 12, 2021 9:47am
Let see how high it can goes now
  • #583,608
  • Mar 12, 2021 9:51am Mar 12, 2021 9:51am
Curious where the longs are TPing, any thoughts? looking at 1.3917 first
  • #583,609
  • Mar 12, 2021 9:54am Mar 12, 2021 9:54am
Quoting Ksth
Let see how high it can goes now
it depend on the dx , when ever it will breaks , it is bye bye for gu
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yes yes yes
  • #583,610
  • Mar 12, 2021 9:54am Mar 12, 2021 9:54am
Long in at 1.3875

OUT 23 pips
The double bottom on 5 min was the key

retrace and i'll go long again.
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Don't trade what you think. Just what you see!!!
  • #583,611
  • Mar 12, 2021 9:55am Mar 12, 2021 9:55am
Quoting Wavegarrick
{quote} Hi Guys, Early signs of a short cycle for me. Anyway, this could go either way with important levels to clear at 1.39266. I will see with London open and could add sell trades on retraces. All trades locked in. Trade safe. Cheers. {image}
Hi Guys,
So far so good, all my sell trades from this morning playing out well. I am getting full bearish confirmation signals from a 4hr perspective and will add short trades on any retraces.
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Now, last but not least is the reason I have avoided buy trades. Bearish signs have prevailed from a daily perspective since the last week of Feb this year. I finally have my red arrow which I have not seen since September last year. Are we at the start of a major swing to the downside?. Only time will tell and from being a long time pivot trader I like to see yearly pivots being tested. Which is at 1.2918. It seems far-fetched I know and it will be a grind for sure. Anyway, I am locked in with all sell trades and will act accordingly with retraces and post my trades as they come along.
Ps, nothing is guaranteed. Please follow your own instincts.
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Have a great weekend.
Cheers.
Trade to trade another day
  • #583,612
  • Mar 12, 2021 9:56am Mar 12, 2021 9:56am
Quoting mysterio
Curious where the longs are TPing, any thoughts? looking at 1.3917 first
Back to 1.397
  • #583,613
  • Mar 12, 2021 9:57am Mar 12, 2021 9:57am
Quoting Wavegarrick
{quote} Hi Guys, So far so good, all my sell trades from this morning playing out well. I am getting full bearish confirmation signals from a 4hr perspective and will add short trades on any retraces. {image} Now, last but not least is the reason I have avoided buy trades. Bearish signs have prevailed from a daily perspective since the last week of Feb this year. I finally have my red arrow which I have not seen since September last year. Are we at the start of a major swing to the downside?. Only time will tell and from being a long time pivot...

Always enjoy reading your posts
  • #583,614
  • Mar 12, 2021 9:58am Mar 12, 2021 9:58am
Quoting mysterio
Curious where the longs are TPing, any thoughts? looking at 1.3917 first
1.40 to 1.415
  • #583,615
  • Mar 12, 2021 10:00am Mar 12, 2021 10:00am
Quoting Coreg2004
{quote} Nd10, here is your second chance opportunity if you still think it's a good to buy... {image}
missed again
  • #583,616
  • Mar 12, 2021 10:04am Mar 12, 2021 10:04am
Quoting Coreg2004
Waiting for the TL break... {image}
Looks like it finally broke.
  • #583,617
  • Mar 12, 2021 10:05am Mar 12, 2021 10:05am
Quoting mysterio
Curious where the longs are TPing, any thoughts? looking at 1.3917 first
Yesterday's low would be good. Fingers crossed.
  • #583,618
  • Mar 12, 2021 10:07am Mar 12, 2021 10:07am
Quoting Coreg2004
{quote} Nd10, here is your second chance opportunity if you still think it's a good to buy... {image}
It's bounced up 20-30 pips so far...excellent call
  • #583,619
  • Mar 12, 2021 10:17am Mar 12, 2021 10:17am
I believe I can fly, I believe I can touch the blue box. There may be gap up on Monday.
HAVE A GOOD WEEKEND EVERYBODY!!!
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  • #583,620
  • Mar 12, 2021 10:19am Mar 12, 2021 10:19am
Quoting ia1979
{quote} Yesterday's low would be good. Fingers crossed.
Yea, I'm with you. Got yesterdays low, 0.382 retrace, the channel bottom and 1h supply so it's going to struggle, trying to decide whether to short here
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