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Cable Update (GBPUSD)

  • #583,781
  • Mar 15, 2021 1:12am Mar 15, 2021 1:12am
Quoting ChiForex
{quote} My buy order exited at +5 pips! Bad that price didn't reach my lower target. Market might stop for today at recorded high/low. Anyways, this daily candle movement turns outlook to bearish. Looking forward to sell 1.3940s previous conflict zone btw resistance/support. Next week, this resistance might be lowered to below 1.3920..all depending on today's close.
Sold 1.3945 Tp 1.3830s SL 1.4020 or Trailing stop as price go lower..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #583,782
  • Mar 15, 2021 1:14am Mar 15, 2021 1:14am
H1
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  • #583,783
  • Mar 15, 2021 1:17am Mar 15, 2021 1:17am
Quoting mysterio
Zone held as expected.. I decided to short Euro last night because of the PEPP thing but i'm with the GU bears in spirit, might switch over in the next pull back {image} {image}
too bad u doubted your wonderfull short on friday..
Trade with prediction = witch with her visions lol
  • #583,784
  • Mar 15, 2021 1:26am Mar 15, 2021 1:26am
Quoting phd893
H1 {image}
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  • #583,785
  • Edited 1:41am Mar 15, 2021 1:26am | Edited 1:41am
Quoting dimitricss
{quote} too bad u doubted your wonderfull short on friday..
Yeah

Thing is the last two times I left GU shorts open over the weekend I got burned either by spreads or something unexpected

Then as is the law of the universe the one time you don't is the one that powers through.. hoping EU will make it up https://uk.tradingview.com/chart/EUR...Intraday-Idea/

Last week was overtrading so going to try and let some things run to completion this week instead of inevitably making things worse by F'ing around.. thinking of hourly for the plan and 5m for entries

Hold the phone..just looked and I def would have been stopped out if I'd held over the weekend so I did good! haha
  • #583,786
  • Mar 15, 2021 1:32am Mar 15, 2021 1:32am
Quoting ruben247
{quote} hi Moty, Do you mind sharing the directional indi you have? thank you
Attached File(s)
File Type: ex4 1_Skdon_trend_sig.ex4   5 KB | 386 downloads


Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 41 KB
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yes yes yes
  • #583,787
  • Mar 15, 2021 1:41am Mar 15, 2021 1:41am
If break 1.3922 go up to R1
  • #583,788
  • Edited 1:54am Mar 15, 2021 1:43am | Edited 1:54am
Short in at 1.3909

OUT - 8 pip loss
Attached Image (click to enlarge)
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Don't trade what you think. Just what you see!!!
  • #583,789
  • Mar 15, 2021 1:44am Mar 15, 2021 1:44am
Quoting Moty
{quote} {file} {image} {image}
Thank you
  • #583,790
  • Mar 15, 2021 2:08am Mar 15, 2021 2:08am
potential bears trap
Attached Image (click to enlarge)
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yes yes yes
  • #583,791
  • Mar 15, 2021 2:17am Mar 15, 2021 2:17am
Nothing wrong with current low and bounce as 1.3890s is another daily support, below will release it...
To make it easy for all, the game play is btw 1.3950-1.3920-1.3890, market plays with.. turning the levels btw support/resistance. Out of this zone is quick weakness for bulls or bears..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #583,792
  • Mar 15, 2021 2:29am Mar 15, 2021 2:29am
Quoting ChiForex
Nothing wrong with current low and bounce as 1.3890s is another daily support, below will release it... To make it easy for all, the game play is btw 1.3950-1.3920-1.3890, market plays with.. turning the levels btw support/resistance. Out of this zone is quick weakness for bulls or bears..
How to trade it?

As you know from my last Friday post, I see this pair turned bearish and looked to sell 1.3940s
As new daily candle also showed potential hit there..why sell lower at 1.3920, so took the higher end of the zone, as you know by now I don't sell nor buy midway, to have a comfort manuever to play with trailing stop or lessen sl later..

Never rush trades, better opportunity will come, wait for appropriate entries, that will save your ass later on..

Good luck
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #583,793
  • Edited 3:05am Mar 15, 2021 2:44am | Edited 3:05am
you got to hand it to them , they are good , i mean the crooks
2 false moves , and it's not London open yet
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yes yes yes
  • #583,794
  • Mar 15, 2021 2:59am Mar 15, 2021 2:59am
if and big IF swissy attacks 9321-9324 zone, she could/should break through is a decent level resistance, she will fly eu will dumps, time will tell
If you are new to Forex? Say Goodbye to your account!!
  • #583,795
  • Mar 15, 2021 3:08am Mar 15, 2021 3:08am
Quoting KiwiTrada
if and big IF swissy attacks 9321-9324 zone, she could/should break through is a decent level resistance, she will fly eu will dumps, time will tell
lmfao I type and it does a little flop, trollop
If you are new to Forex? Say Goodbye to your account!!
  • #583,796
  • Mar 15, 2021 3:11am Mar 15, 2021 3:11am
1.39500 in the making
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yes yes yes
  • #583,797
  • Mar 15, 2021 3:15am Mar 15, 2021 3:15am
Quoting Marbas
{quote} wow... spiderman was on your chart?
lol
Do you know what that is btw?
  • #583,798
  • Mar 15, 2021 3:17am Mar 15, 2021 3:17am
Hi to ALL!!!At moment Bulls & Bears Volume are similar...
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  • #583,799
  • Edited 3:35am Mar 15, 2021 3:17am | Edited 3:35am
Lets see if US yields find a base at or just below 160bps

GU breaks above the channel/supply then I hold off

Really want to cash out of EU and short GU there Holding off I think EU is the more bearish pair
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  • #583,800
  • Mar 15, 2021 3:29am Mar 15, 2021 3:29am
To me it seems that USDX is facing some downward pressure, several 4H bearish sandwiches on downward leg.

Lets see how it behaves around these 2 TLs

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Enjoy trading!
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