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Cable Update (GBPUSD)

  • #584,241
  • Mar 16, 2021 1:00pm Mar 16, 2021 1:00pm
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  • #584,242
  • Mar 16, 2021 1:01pm Mar 16, 2021 1:01pm
Quoting Georginson
{quote} Bulls have taken the initiative for now, this entry will be manually closed at 1.3890. 75% chance the bulls will take it up to 1.3930/1.3960 tomorrow. This is intraday play.
Manually closed at 1.3890.
Data + Stat + Risk/Emotions Management
  • #584,243
  • Mar 16, 2021 1:02pm Mar 16, 2021 1:02pm
2 Accounts 1 Clients 2 Targets for Gbp Currently

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Lets See How it goes

Just took some Sells out too

Nice One

The Queen has lowered down

See You
  • #584,244
  • Mar 16, 2021 1:12pm Mar 16, 2021 1:12pm
AAH Can anybody Tell me whats the COT Report saying for Usdjpy this week

Its going to be real critical move. My calculations Tell me.

Currently I am short with Targets ranging 108.160- 108.400

Ok See You
  • #584,245
  • Mar 16, 2021 1:17pm Mar 16, 2021 1:17pm
Hi Guys.
I just want to respond to a pm I received.
Quote
Leon, I'm curious whether your system that shows a sell signal on a 4 hour chart of GBP/USD has room for the retracement we have seen from the lows of the last few hours - It seems to be almost a total reversal - any thoughts on this - or is this too short term for you to bother with? Tomorrow should see even more volatility with the FOMC .
This pullback has seen a deeper retrace than even I anticipated. I am in a cyclic retrace but my cyclic pullback conditions show perfect conditions for a short entry, The pullback is probably too short term as you have stated. We shall see
It is a game of chance.
Cheers
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Trade to trade another day
  • #584,246
  • Edited 1:39pm Mar 16, 2021 1:28pm | Edited 1:39pm
Just how i'm seeing it- wedge/ending diagonal taking aim at a supply level

Knowing my luck today this means 1.40 for sure

Stay strong bears. Dont dream it's over

If this works out then we have a nice double top to take us down to chinatown (1.37)
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  • #584,247
  • Mar 16, 2021 1:39pm Mar 16, 2021 1:39pm
1.3905 that I waited much for it at the start of this daily candle then had to sell at 1.3900, finally at day end hours it have done it but after reaching 1.3800s first
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #584,248
  • Mar 16, 2021 1:59pm Mar 16, 2021 1:59pm
Quoting parshal
I do not see cable going down specially after that 4H bullish engulfing. Why are most of us here having an opinion going down? is there something missing?
Welcome to the cable tread!!!!
Don't trade what you think. Just what you see!!!
  • #584,249
  • Mar 16, 2021 2:04pm Mar 16, 2021 2:04pm
Quoting Theoak
{quote} Welcome to the cable tread!!!!
Thanks. I guess I missed that welcome.
My observation may be wrong but intent correct. Stay calm!
  • #584,250
  • Mar 16, 2021 2:05pm Mar 16, 2021 2:05pm
Quoting parshal
I do not see cable going down specially after that 4H bullish engulfing. Why are most of us here having an opinion going down? is there something missing?
In at 1.3895 target 30 pips (LONG)
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Don't trade what you think. Just what you see!!!
  • #584,251
  • Mar 16, 2021 2:09pm Mar 16, 2021 2:09pm
Quoting ruben247
How GU is looking to crash Southward https://media.giphy.com/media/3o6wrD...sATK/giphy.gif
Inserted Video
Air force
  • #584,252
  • Mar 16, 2021 2:16pm Mar 16, 2021 2:16pm
Quoting W0lfram
{quote} https://youtu.be/CTu4eno1Ejs

Excellent title LOL
  • #584,253
  • Mar 16, 2021 2:22pm Mar 16, 2021 2:22pm
Quoting TrTT
AAH Can anybody Tell me whats the COT Report saying for Usdjpy this week Its going to be real critical move. My calculations Tell me. Currently I am short with Targets ranging 108.160- 108.400 Ok See You
DXY slowly gaining, JPY losing ground
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Air force
  • #584,254
  • Mar 16, 2021 2:42pm Mar 16, 2021 2:42pm
Quoting Theoak
{quote} In at 1.3895 target 30 pips (LONG) {image}
Cool.
I am already long little down from yours.
My observation may be wrong but intent correct. Stay calm!
  • #584,255
  • Edited 3:06pm Mar 16, 2021 2:55pm | Edited 3:06pm
Ticks all the boxes for a short entry for me, unfortunately it's not a great time of the day to create any kind of move. Will set my stop to BE shortly

4 pips initial SL
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  • #584,256
  • Mar 16, 2021 2:59pm Mar 16, 2021 2:59pm
Who stole all the bearish candles?

Divergence suggests downward move. I sold @ 1.3893
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Air force
  • #584,257
  • Mar 16, 2021 3:01pm Mar 16, 2021 3:01pm
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yes yes yes
  • #584,258
  • Mar 16, 2021 3:13pm Mar 16, 2021 3:13pm
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My observation may be wrong but intent correct. Stay calm!
  • #584,259
  • Mar 16, 2021 4:11pm Mar 16, 2021 4:11pm
pending short triggered 1 3900 50% retrace @1 3905 sl 1 3913
If you are new to Forex? Say Goodbye to your account!!
  • #584,260
  • Mar 16, 2021 4:25pm Mar 16, 2021 4:25pm
Quoting TrTT
{quote} Well I havent ever used 20 pips Trailing stops . I Dont like the idea of something sniffing Profits from the rear when its moving and cut it out in between. But 20 pips trailing will need some testing by an EA to see how % Target Hitting is achieved and whether its in Net Profit.
One thing that you forget is that nothing prevents traders from re-entering into a trade when the conditions have changed.
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