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Cable Update (GBPUSD)

  • #584,261
  • Mar 16, 2021 5:07pm Mar 16, 2021 5:07pm
uj struggling at very strong resistance zone weekly / daily, 109 22 - 109 50 will take major effort to clear, r/r is short, Im sitting on sideline and waiting because been a nice bull run from 102 58 - 109 35, 3 solid months of yen bashing certainly not complaining about that, :-)
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  • #584,262
  • Mar 16, 2021 5:17pm Mar 16, 2021 5:17pm
Quoting KiwiTrada
pending short triggered 1 3900 50% retrace @1 3905 sl 1 3913
gj also on 50% pull back, could prove decisive because 1st pull back exceed fib 61.8 by considerably but failed 100% plus extension, "unusual" ?? I have bull flag in play daily pole target @ 153 52 (5 solid month bull drive) seems to be struggling excellent R/R is short even a average pull back fibs 23 - 145 53 / 38 - 141 45 / 50 - 138 12 (monthly)
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  • #584,263
  • Mar 16, 2021 5:31pm Mar 16, 2021 5:31pm
Quoting KiwiTrada
{quote} seems psych 1 25000 holding for now, normally I would expect it to hold tonight I dont think it will, 1 2512 may prove troublesome, but if 1 25000 cant hold this rocket (baby) 2512 wont either, big call!!!
crap us data last night, 1 25000 held plick, 1 hr inverted h&s negated (was ugly) higher time frames still in play, 4hr possible double bottom 1 2434 ish daily, yesterdays doji still in play, bears been strong for 12months solid I am still hunting a pull back r/r still awesome entry cheap, I am patient!!!!
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  • #584,264
  • Mar 16, 2021 7:50pm Mar 16, 2021 7:50pm
Price breaking my downtrend line, possible 1.3933-1.3950 before downtrend continuation. Bears are present
Would like to see either 1.3995 or 1.38 still this week
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  • #584,265
  • Mar 16, 2021 7:56pm Mar 16, 2021 7:56pm
Evening.
first trade of the day, stop at BE+1.
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If you don't know how to earn money, don't loose it.
  • #584,266
  • Mar 16, 2021 8:08pm Mar 16, 2021 8:08pm
Quoting KiwiTrada
{quote} crap us data last night, 1 25000 held plick, 1 hr inverted h&s negated (was ugly) higher time frames still in play, 4hr possible double bottom 1 2434 ish daily, yesterdays doji still in play, bears been strong for 12months solid I am still hunting a pull back r/r still awesome entry cheap, I am patient!!!!
small very small sign of bulls gathering cluster of resistances need to grind through time will tell, gota love cheap entries:-)
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  • #584,267
  • Mar 16, 2021 9:02pm Mar 16, 2021 9:02pm
Quoting Theoak
{quote} In at 1.3895 target 30 pips (LONG) {image}
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  • #584,268
  • Mar 16, 2021 10:08pm Mar 16, 2021 10:08pm
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Like me, cuts losses quickly. But has more patience and lets his winn
  • #584,269
  • Mar 16, 2021 10:34pm Mar 16, 2021 10:34pm
GBP has been sluggish for a little while now. Anyone have any long term sentiments?
  • #584,270
  • Mar 16, 2021 10:42pm Mar 16, 2021 10:42pm
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yes yes yes
  • #584,271
  • Mar 16, 2021 11:36pm Mar 16, 2021 11:36pm
Quoting TaoTrader
GBP has been sluggish for a little while now. Anyone have any long term sentiments?
1 3400 still has to be touched by May or thereabouts...
Data + Stat + Risk/Emotions Management
  • #584,272
  • Mar 16, 2021 11:53pm Mar 16, 2021 11:53pm
Quoting TaoTrader
GBP has been sluggish for a little while now. Anyone have any long term sentiments?
M.Zilla,T.Oak,S.Real

Alhamdullilah
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  • #584,273
  • Mar 16, 2021 11:55pm Mar 16, 2021 11:55pm
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  • #584,274
  • Mar 17, 2021 12:02am Mar 17, 2021 12:02am
Quoting Georginson
{quote} 1 3400 still has to be touched by May or thereabouts...
Agree, for me its around 1.35 but sure it can drop more.
Price below march 5 low will start the journey
  • #584,275
  • Mar 17, 2021 12:30am Mar 17, 2021 12:30am
Quoting KiwiTrada
{quote} small very small sign of bulls gathering cluster of resistances need to grind through time will tell, gota love cheap entries:-)
decision time very soon, starting to squeeze
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  • #584,276
  • Mar 17, 2021 12:42am Mar 17, 2021 12:42am
lmfao The 36th America’s Cup Presented by PRADA | LIVE Day 7 - YouTube
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  • #584,277
  • Mar 17, 2021 12:47am Mar 17, 2021 12:47am
Quoting KiwiTrada
lmfao The 36th America’s Cup Presented by PRADA | LIVE Day 7 - YouTube
a bit of off-topic this is also haha sailing-worthy
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A trader is as good as his stop loss. Understand your mistakes.
  • #584,278
  • Mar 17, 2021 1:11am Mar 17, 2021 1:11am
Go my wonderful bears and bring me the pips!
Risk Management is of utmost importance!
  • #584,279
  • Mar 17, 2021 1:21am Mar 17, 2021 1:21am
Quoting RCtrader
Go my wonderful bears and bring me the pips!
Calling my bears back. It seems the bulls are stronger. Might send them into the fight again later.
Risk Management is of utmost importance!
  • #584,280
  • Mar 17, 2021 1:25am Mar 17, 2021 1:25am
Can already see new South LOWS today. Anyone else see it? or you just wanna buy it up?
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