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Cable Update (GBPUSD)

  • #583,901
  • Mar 15, 2021 10:38am Mar 15, 2021 10:38am
Bought at 1.3855 target 1.3905.
Data + Stat + Risk/Emotions Management
  • #583,902
  • Mar 15, 2021 10:40am Mar 15, 2021 10:40am
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yes yes yes
  • #583,903
  • Mar 15, 2021 10:44am Mar 15, 2021 10:44am
...Back @ desk updating charts. Downside breach of steepest 1hr asc t/line then p/back from 3879 finds res @ the prev 1hr sw lo zone =prev supp=pot sbr (5min bearish hidden div) for another rapid leg down (with more asc t/line breaches) to Dly S1 inside that prev 1hr/4hr sw lo zone =prev supp=pot supp, this pot supp zone extending down to 3845. 1hr below.

That tweezers bottom on 1hr the 1st upside obstacle for the bulls now = prev supp = potential sbr.
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Trader with an Edge.
  • #583,904
  • Mar 15, 2021 10:45am Mar 15, 2021 10:45am
Quoting Moty
{image}
I just lost 40 dolllars in this fall. What is happening. I cant get it. Now again started to rise.
  • #583,905
  • Mar 15, 2021 10:46am Mar 15, 2021 10:46am
just bought again at 1.39465
  • #583,906
  • Mar 15, 2021 10:48am Mar 15, 2021 10:48am
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...
Hi Guys,
Have to love it when a plan comes together. As per my post above from last week, my short cycle still in play from a 4hr perspective and I added sell trades on the retrace today.
All sell trades locked in and price must do what it has to.
On a final note:
Plan the trade and trade the plan.
Have a great week.
Cheers.
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Trade to trade another day
  • #583,907
  • Mar 15, 2021 10:49am Mar 15, 2021 10:49am
Can bounce down here IMO

Caught a bit more of the ride down and all out now

Note it looks like DXY has broken a 1h supply to me and may want to go into outer space soon after a bit of a breather

Curious what longs are seeing beyond a round number/pivot scalp
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  • #583,908
  • Edited 11:05am Mar 15, 2021 10:53am | Edited 11:05am
... 4hr is below. Clearly some demand in this zone down to 3745...this is the new 1st downside obstacle for the bears...a couple of fibs of the move up from 3778-4005 @ the bottom of it. Below this on this t/f 3803-3778 being a prev 1hr/4hr/dly sw lo zone = prev supp=pot supp could also see demand emerge. Dly S2 runs through that @ 3787. Today so far 95% 30day adr travelled.
Attached Image
Trader with an Edge.
  • #583,909
  • Edited 1:07pm Mar 15, 2021 10:53am | Edited 1:07pm
Quoting babayaga
{quote} 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
Hi.
I dont know borders of the range. In fact this is not interesting for me. I am jumping in, when powerful drivers come. On Wednesdays evening will be FOMC Statement. And I will watch PA at that time. On Thursday there will be BOE Monetary Policy Summary. This is also "big-mover" event for me.
I try not to overtrade, and jump in only when needed.
  • #583,910
  • Mar 15, 2021 10:54am Mar 15, 2021 10:54am
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  • #583,911
  • Mar 15, 2021 10:57am Mar 15, 2021 10:57am
Quoting Marbas
{quote} Hi. I dont know borders of the range. In fact this is not interesting for me. I am junping in, when powerful drivers come. On Wednesdays evening will be FOMC Statement. And I will watch PA at that time. On Thursday there will be BOE Monetary Policy Summary. This is also "big-mover" event for me. I try not to overtrade, and jump in only when needed.
thank you
dolce vita
  • #583,912
  • Mar 15, 2021 11:05am Mar 15, 2021 11:05am
Good Afternoon / Evening Mate's...
"Shorts" appear to be apparent, in the House, eh?

I'm listing a view for my Buddy Coreg- or other Elliot Wave-ist's,
Shall we say. On a WEEKLY Chart, (Monthly NOT Attached). We could easily
have that as a Wave-1, from the Bottom. On this Weekly,
I basically have Interpreted (Wrong or Not) as an A-B-C, A-B-C,
then we have a Five-Wave Run, followed by another, Five-Wave Run,
(After, of Course an A-B-C).

NOTE: The big thing i have seen is the 2nd Five Wave Run,
If you went off the Weekly here, was Apx. 2,567 Pips.; -whereas,
the 1st Five Wave Run, was apx. 1,406 Pips. YOU Measure what you see.
NO Gospel here. -Just throwing this out...

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I would "Like" to see us down to the 38.2% tile, and even more "Chipper",
if she took a 50%-tile, because it was the 2nd, Five-Wave Run. Bottom line
though, she can do what she wants of course.

Good Pipping to you,
However you see the Ball Game / Ball of Wax,
All the Best,

Jeff...
I will work to Objectively Identify my Edges
  • #583,913
  • Mar 15, 2021 11:06am Mar 15, 2021 11:06am
I suppose today is Monday, not Friday
1.38623 was Friday's Low

today.., around 15pips lower?
that's it?

I don't think so, but

level to watch now: 1.3861

let's see
dolce vita
  • #583,914
  • Mar 15, 2021 11:07am Mar 15, 2021 11:07am
Will add positions on the way up
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  • #583,915
  • Mar 15, 2021 11:08am Mar 15, 2021 11:08am
Quoting Georginson
Bought at 1.3855 target 1.3905.
SAME AS ME EXCEPT TP IS AT 1.395
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  • #583,916
  • Mar 15, 2021 11:09am Mar 15, 2021 11:09am
Quoting mysterio
.... Curious what longs are seeing beyond a round number/pivot scalp {image}
DlY S1 added some confluence but it was more that previous 1hr/4hr sing lo zone down to 3745 that was the potential support...price @ the current dly lo went just below friday's lo. Also wide pot sbr zone into those 1hr tweezers so plenty of upside room to get a decent pip haul (for me anyway - as a generally [not always] small target/scalper type.)
Trader with an Edge.
  • #583,917
  • Mar 15, 2021 11:10am Mar 15, 2021 11:10am
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yes yes yes
  • #583,918
  • Mar 15, 2021 11:14am Mar 15, 2021 11:14am
... 1hr below.
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Trader with an Edge.
  • #583,919
  • Mar 15, 2021 11:25am Mar 15, 2021 11:25am
suddenly the dx looks breakable
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yes yes yes
  • #583,920
  • Mar 15, 2021 11:41am Mar 15, 2021 11:41am
Quoting babayaga
I suppose today is Monday, not Friday 1.38623 was Friday's Low today.., around 15pips lower? that's it? I don't think so, but level to watch now: 1.3861 let's see
babayaga, don't forget to monitor your original thought...still has a chance to play out.
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Always trade your own plan...I don't provide trading signals.
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