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Cable Update (GBPUSD)

  • #583,881
  • Mar 15, 2021 9:24am Mar 15, 2021 9:24am
almost
Attached Image
dolce vita
  • #583,882
  • Edited 9:44am Mar 15, 2021 9:32am | Edited 9:44am
Closed at 1.3885 for 55 pips, will wait for a bit of a retrace and re short

Ideally back up to the pivot

Looks like I closed too early :\
  • #583,883
  • Mar 15, 2021 9:33am Mar 15, 2021 9:33am
Quoting Sang.Real
{quote} Hi Chi Forex. Thanks for your valuable post. Here's my chart, which I see this long set up at L.O. Your comment much appreciated. Thanks You Sang Real {image}
Hey dude, as I said in my post, I don't trade midway and of course not buy there as I saw the pair bearish from Friday..

However, in any case if you wanna buy betting as a bull.., the less risk level was 1.3890s(but not after many tests) at the lower end of zone I talked about, just as a bear sold at the higher end of the zone..

And when price breaks that zone basing below in your case, you simply take small loss, better than bigger one from 1.3920 as now happening..

Cheers!
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #583,884
  • Mar 15, 2021 9:35am Mar 15, 2021 9:35am
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 57 KB
yes yes yes
  • #583,885
  • Mar 15, 2021 9:36am Mar 15, 2021 9:36am
Quoting dimitricss
{quote} take short 3936
yaayyyy..... down you gooooooo
Trade with prediction = witch with her visions lol
  • #583,886
  • Mar 15, 2021 9:36am Mar 15, 2021 9:36am
Quoting MoneyZilla
{quote} Just wondering, this player did buy around 1,39, pushing the price higher to almost 1.40, right? And then, the very same player wants to be one of the major sellers in the following downtrend (presumably way below 1.39)?!? How this player is making money? I can't understand the logic behind that kind of actions...
Hi MoneyZilla

We never know what they have on their ledge but looking at the daily chart, the buying at 1.39 was probably the big player just closing their sells from the last bearish move a few days back.
Either way, before they pushed the price down to 1.39, their last move is to create a bearish spike to remove all other buyers, then buy (close their sells) from the previous leg.
They need to stack the buy side of the order book with only their orders to do this profitability
Trading thin liquidity at the boundary of the charts
  • #583,887
  • Mar 15, 2021 9:41am Mar 15, 2021 9:41am
Quoting SteadyAsItGo
personally imo GU down not over yet, any attempt of buying should be dip later. buy now can be risky

As im saying. Lucky in right
  • #583,888
  • Mar 15, 2021 9:44am Mar 15, 2021 9:44am
[quote=mysterio;13452331] a bit of a retrace

already happened
...on Friday



could be wrong
dolce vita
  • #583,889
  • Mar 15, 2021 9:45am Mar 15, 2021 9:45am
Yea i mean just like 20 pips or something just to book profit and get in at a better price. Weekly pivot ideally. If it doesn't happen so be it
  • #583,890
  • Mar 15, 2021 9:47am Mar 15, 2021 9:47am
Quoting navk
selling in progress to s1 today. STOP 3930 IMO
IF 3850 hits tonight, then there is possible bounce from there.

However if 3850 does not hit tonight, a good drop below 3850 , I expect in Asia.
Intraday only.
  • #583,891
  • Edited 10:10am Mar 15, 2021 9:53am | Edited 10:10am
This the plan. Have a good day or Good night!!!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 62 KB
Entered into the volcano. Need to erupt
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDHH1.png Size: 52 KB
  • #583,892
  • Mar 15, 2021 9:55am Mar 15, 2021 9:55am
rangebound forever
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 25 KB
yes yes yes
  • #583,893
  • Mar 15, 2021 10:03am Mar 15, 2021 10:03am
Quoting ruben247
{quote} a break should occur this time. upon the close of this hour hand, I will see what happens. {image}
Finally a break. time for some weight lifting. South bus is officially gone
  • #583,894
  • Mar 15, 2021 10:14am Mar 15, 2021 10:14am
  • #583,895
  • Mar 15, 2021 10:17am Mar 15, 2021 10:17am
Quoting mysterio
Yea i mean just like 20 pips or something just to book profit and get in at a better price. Weekly pivot ideally. If it doesn't happen so be it
i am kidding

trade safe
dolce vita
  • #583,896
  • Mar 15, 2021 10:18am Mar 15, 2021 10:18am
Quoting Moty
rangebound forever {image}
not forever) Just till Wednesdays evening
  • #583,897
  • Mar 15, 2021 10:27am Mar 15, 2021 10:27am
Quoting Marbas
{quote} not forever) Just till Wednesdays evening
would you please tell us a possible range (size) during this time (down limit.., up limit)

thank you infinitely

...for now I am expecting possible down till 1.3820th
dolce vita
  • #583,898
  • Mar 15, 2021 10:33am Mar 15, 2021 10:33am
BE
  • #583,899
  • Mar 15, 2021 10:33am Mar 15, 2021 10:33am
Quoting RCtrader
Go my wonderful bears and bring me the pips!
You never disappoint me, my awesome bears!
Risk Management is of utmost importance!
  • #583,900
  • Mar 15, 2021 10:36am Mar 15, 2021 10:36am
all close... wonderfull
Trade with prediction = witch with her visions lol
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