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Cable Update (GBPUSD)

  • #583,921
  • Mar 15, 2021 11:47am Mar 15, 2021 11:47am
...strong bounce then from that pot supp zone that extends down to 3745 @ Dly S1, and price has reached above 38.2% of today's current fall to 3853 current dly lo and 23.6% of the 4005-3853 move after a 30min bullish engulf close. 1hr might close that way too? 1hr below.
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Trader with an Edge.
  • #583,922
  • Mar 15, 2021 11:49am Mar 15, 2021 11:49am
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  • #583,923
  • Mar 15, 2021 11:54am Mar 15, 2021 11:54am
GU

Scalping short

SNR rejection Level


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  • #583,924
  • Mar 15, 2021 12:01pm Mar 15, 2021 12:01pm
RE-shorted from 1.38907 stop to BE already TP open, 0.382 retrace and I saw dxy was shooting up but not taking GU with it

edit- stopped BE. I'll let her go its not worth giving up the daily gains
  • #583,925
  • Mar 15, 2021 12:05pm Mar 15, 2021 12:05pm
Quoting mysterio
RE-shorted from 1.38907 stop to BE already TP open, 0.382 retrace and I saw dxy was shooting up but not taking GU with it edit- stopped BE. I'll let her go its not worth giving up the daily gains
Wawu I'm on buy. Should be knocked out on BE now
  • #583,926
  • Mar 15, 2021 12:08pm Mar 15, 2021 12:08pm
Quoting babayaga
{quote} yes, if not down, straight to 1.3970th, probably more

thank you Coreg..,
as always, nice to hear from you

1.3970th ( that I wrote 10.03 happened already)

today I am looking for 1.3820th
tell me if it is not possible



P.S:added sell at 1.3890
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dolce vita
  • #583,927
  • Mar 15, 2021 12:26pm Mar 15, 2021 12:26pm
as I see it's quite a strong formation..,
or ...false break is in play? ( but it was already.., first was UP)
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dolce vita
  • #583,928
  • Mar 15, 2021 12:39pm Mar 15, 2021 12:39pm
They're really defending that daily trendline eh. I see it deflected off of the median channel line again.
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  • #583,929
  • Mar 15, 2021 12:47pm Mar 15, 2021 12:47pm
Quoting babayaga
as I see it's quite a strong formation.., or ...false break is in play? ( but it was already.., first was UP) {image}
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  • #583,930
  • Mar 15, 2021 1:02pm Mar 15, 2021 1:02pm
Good drop there earlier well done to those that caught it. The bounce back upwards seems to have stalled again. Once again possibly end the day on 0 gain/loss which is really frustrating.
Insane in the Brain..
  • #583,931
  • Edited 2:45pm Mar 15, 2021 1:25pm | Edited 2:45pm
Maybe a shorting opp here depending on conf. 0.618 retrace, new supply, TL retest

Edit - ended up taking it just below 1.39, stop at BE

It's also an M pattern which means down, the bounce was the retrace leg

edit- out BE
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  • #583,932
  • Mar 15, 2021 1:41pm Mar 15, 2021 1:41pm
Quoting Georginson
Bought at 1.3855 target 1.3905.
Manually closed at 1.3896 ... +41 pips locked.
Data + Stat + Risk/Emotions Management
  • #583,933
  • Mar 15, 2021 1:47pm Mar 15, 2021 1:47pm
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yes yes yes
  • #583,934
  • Mar 15, 2021 1:50pm Mar 15, 2021 1:50pm
...and 4H 200SMA bounce.

Quoting mysterio
They're really defending that daily trendline eh. I see it deflected off of the median channel line again. {image}
  • #583,935
  • Mar 15, 2021 2:16pm Mar 15, 2021 2:16pm
Target 6 pips short in at 1.3886
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Don't trade what you think. Just what you see!!!
  • #583,936
  • Mar 15, 2021 2:21pm Mar 15, 2021 2:21pm
if anybody still expect from gold 1738?

today's last position left ( bought 1724 with TP 1738 )
I am ready to close if it will break 1727
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dolce vita
  • #583,937
  • Mar 15, 2021 2:28pm Mar 15, 2021 2:28pm
Quoting TrTT
My Take It could be a potentially Higher Low. I have Buys on. If not We Shall Think Of Selling {image} {image} I Will go for much Higher TP Once this is taken Out Ok See You
Well I chose to Sell because after the Bar Close it looked like Lower High

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Ok

See You

P.S. I Will be looking for Sells for Now for a bigger TP. Lets See

Ok See You
  • #583,938
  • Mar 15, 2021 2:29pm Mar 15, 2021 2:29pm
Quoting babayaga
if anybody still expect from gold 1738? today's last position left ( bought 1724 with TP 1738 ) I am ready to close if it will break 1727 {image}
i think it will break 1727..
no rush, maybe weekly pivot wanted..
lets see what asia bring.
  • #583,939
  • Mar 15, 2021 2:38pm Mar 15, 2021 2:38pm
Quoting gatenio
{quote} i think it will break 1727.. no rush, maybe weekly pivot wanted.. lets see what asia bring.
thank you
it 's always question "what comes first"?

I think now 1727 & 1732 are in play

let's see
dolce vita
  • #583,940
  • Mar 15, 2021 2:43pm Mar 15, 2021 2:43pm
Quoting TrTT
{quote} Well I chose to Sell because after the Bar Close it looked like Lower High {image} {image} Ok See You P.S. I Will be looking for Sells for Now for a bigger TP. Lets See Ok See You
Trades that don't work make only a small number of pips
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