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Cable Update (GBPUSD)

  • #583,681
  • Mar 12, 2021 1:48pm Mar 12, 2021 1:48pm
Quoting Houtbay
I was blocked on the eur only site. Not sure why? People’s egos get flustered I suppose.
Don't worry Kidda!! You're always welcome on the cable tread.

Still the biggest and still the best!!!!
Don't trade what you think. Just what you see!!!
  • #583,682
  • Mar 12, 2021 2:15pm Mar 12, 2021 2:15pm
i became arrogant due to the successes and ignored the signals,
I let myself decide the direction and did not listen
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yes yes yes
  • #583,683
  • Mar 12, 2021 2:27pm Mar 12, 2021 2:27pm
... Back updating charts before the close. So, that 61.8% 3778-4005 and 88.6% 3845-4005, and for some Dly S3, held at top of that prev 1hr sw lo zone=prev supp=pot supp on a 2nd test producing 2 x 1hr hammers and a tweezer bottom on that t/f. It is now a prev 1hr sw lo x 2 zone=prev supp=pot supp with a rally up to the underside of the breached ascending t/line and 50% of the 4005-3863 drop today.
1hr below.
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Trader with an Edge.
  • #583,684
  • Mar 12, 2021 2:35pm Mar 12, 2021 2:35pm
Instead of ending the day with 260 $ of profit
I now with a 20 $ daily loss
All the signs were in front of me
Gu got to daily s3 twice and bounce , twice !!!!
Gu and dx had reached the adr range
Price had broke the descending trend line
But no , i am on the top of it
yes yes yes
  • #583,685
  • Mar 12, 2021 2:38pm Mar 12, 2021 2:38pm
Can i have an extra time before the weekend?
Don't end now
It's breaking up
Attached Image (click to enlarge)
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yes yes yes
  • #583,686
  • Mar 12, 2021 2:40pm Mar 12, 2021 2:40pm
Quoting Moty
Can i have an extra time before the weekend? Don't end now It's breaking up {image}
It will drop before picking back up
  • #583,687
  • Mar 12, 2021 2:53pm Mar 12, 2021 2:53pm
Quoting Moty
Instead of ending the day with 260 $ of profit I now with a 20 $ daily loss All the signs were in front of me Gu got to daily s3 twice and bounce , twice !!!! Gu and dx had reached the adr range Price had broke the descending trend line But no , i am on the top of it
Moty, my stats telling me that if 120%daily ATR(14) level is exceeded GU breaches this level for 23 pips max. (in the last 21 such cases) before reversing for good for the day. Today only by 16.6 pips. I consider this DD very manageable. This was the reason why I wrote my post to you.
I am not in this trade...
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #583,688
  • Mar 12, 2021 2:58pm Mar 12, 2021 2:58pm
Dollar slowly gaining, but still net short
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Attached Image


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Air force
  • #583,689
  • Mar 12, 2021 3:09pm Mar 12, 2021 3:09pm
Next week will be interesting! BoE and FOMC could provide fireworks
Insane in the Brain..
  • #583,690
  • Mar 12, 2021 3:16pm Mar 12, 2021 3:16pm
Quoting Nd10
{quote} Let's see mate. Got stopped out at 1.392. How is ur buy? Still holding?
im holding... have set a huge SL. hoping we get back towards 141 at least next week
Insane in the Brain..
  • #583,691
  • Edited 3:34pm Mar 12, 2021 3:22pm | Edited 3:34pm
Quoting Marbas
I have one interesting opinion.. Todays dollar strength can be a classic "buy the rumour-sell the fact" reaction on Bidens stimulus plan. It was priced in all the time, and after Biden signs it, dollar soars. Plus it soars on Friday, which can be confluenced with profit taking. Picture on all USD-pairs is muted now, all of them retraced alot. When bears are in control, D1 candle should close very close to the lows. But now we have a long wick and the body of todays candle can close even higher than yesterdays open. And we did not have even...
My view for shorts on Monday and next week is cancelled. Too deep retrace we have here.
Will shoot from all cannons after 1.4017 breach. In other way, will enter short again after falling below 1.3890.
Thats my plan for Monday.
Also taken into account FOMC on Wednesday and UK Monetary Policy Summary on Thursday, GBP could stay flat and seesaw in range till that fundamental events.
  • #583,692
  • Mar 12, 2021 9:08pm Mar 12, 2021 9:08pm
Quoting tommydoginti
{quote} 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... {image}
Can’t hold my fingers, added a short after retrace and a hammer candle. Closed at +3. Need more evidence to see if it will go up or down
right now enjoy the weekend everyone

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  • #583,693
  • Mar 12, 2021 11:54pm Mar 12, 2021 11:54pm
Quoting gatenio
my last trade to try to take the gold up, if it failed, im leaving this bastard. tp around 1800 {image}
Looks like you got a better price than me. I'm in at 1703.4. Good luck.
Focus.
  • #583,694
  • Mar 13, 2021 2:06am Mar 13, 2021 2:06am
Quoting Theoak
{quote} Good luck with the Donkey Derby. When it's trending like today, be careful, especially with your style, as you'll get smashed to bits. No good trading now as there's no juice in the market. Have a good weekend!!!
The Oak.

Should I let my Camel fly or go very fast during the race.

Tough choice, ready to jab my race camel.



Fly or Fast ?
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  • #583,695
  • Mar 13, 2021 2:14am Mar 13, 2021 2:14am
according to th dx , gu will go up next week
according to the gu , it's not sure
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yes yes yes
  • #583,696
  • Mar 13, 2021 2:45am Mar 13, 2021 2:45am
gold
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yes yes yes
  • #583,697
  • Mar 13, 2021 3:08am Mar 13, 2021 3:08am
Quoting Moty
according to th dx , gu will go up next week according to the gu , it's not sure {image} {image} {image} {image}
It is better to wait for brakeouts.. This thing likes to seesaw like a hell)
  • #583,698
  • Mar 13, 2021 3:20am Mar 13, 2021 3:20am
Quoting Moty
according to th dx , gu will go up next week according to the gu , it's not sure {image} {image} {image} {image}
Do you journal your trades at all?
?
  • #583,699
  • Mar 13, 2021 3:29am Mar 13, 2021 3:29am
Quoting HRTrading
{quote} Do you journal your trades at all?
i better not , it will be a A horror story
yes yes yes
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