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Cable Update (GBPUSD)

  • #584,681
  • Mar 18, 2021 5:38am Mar 18, 2021 5:38am
Quoting ChiForex
Till this moment, GU is bullish on daily looking at monthly push to 1.4060-1.4120, there might be the lower high vs last month higher higher BOE news release will decide..
are you ready to fly?

im ready
Like me, cuts losses quickly. But has more patience and lets his winn
  • #584,682
  • Edited 6:53am Mar 18, 2021 5:39am | Edited 6:53am
G/M, more supply in that 3996-4005-4017 prev 1hr/4hr/dly sw hi zone = prev res =pot res brings price down to 85.4% of the 3936-4002 move (current dly hi) before demand kicks in. In that that prev 1hr/4hr/dly swing hi that starts circa 3996 on 4hr extending to 4005 then 4017 = prev res =pot resare Dly R1 @ 4005, 50% of the total 4242-3778 recent fall @ 4010 and Wkly R1 @ 4017 itself. Above the zone 4027 = 61.8% of the 4182-3778 move.

Uk's Boe Mpc to come @ 12noon gmt....hoping for some volatility, and momentum would be good too - like Fomc yesterday would be good lol!

1Hr below.
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Trader with an Edge.
  • #584,683
  • Mar 18, 2021 5:42am Mar 18, 2021 5:42am
Quoting navk
i just sold at 3966. Will add if it bounces here. stop 4000. target 3880 today.
unlikely to pass above 3980 ?

may be.

I added more shorts.
Intraday only.
  • #584,684
  • Mar 18, 2021 5:46am Mar 18, 2021 5:46am
Good morning
Potential target: 1.39100
Then buy
  • #584,685
  • Mar 18, 2021 5:55am Mar 18, 2021 5:55am
Quoting lockstockd
Greetings to all you fine traders out there who have helped me tremendously over the last 3 months of my daily lurking on this thread. Finally time for me to join the discussion and hopefully get some feedback on my trade setups. Set a Sell Limit before going to bed last night (UK) @ 1.4 with an open SL and TP of 50 pips, woke up to a nice 50 pips gain to start the day but perhaps a little foolish to not set a SL, I felt quite confident that price wouldn't go much higher than 1.4 during Asian session and EU open before BOE news but regardless, I...

Warm welcome to the thread lockstockd,

Interesting tools you got there. (FXSSI tools such as SL clusters and OrderBook?)

I only use SNR to trade ,as I'm new to trading.

Maybe some other professional here use similar tools for trading.

Anyway keep sharing and look forward for your contribution to help Newbie, like me.

Trade Safely & Wisely

Sincerely,


Sang Real
  • #584,686
  • Mar 18, 2021 6:01am Mar 18, 2021 6:01am
... 5min asc triangle resolves to the upside (as they tend to) a pullback then 'truer' 2nd b/o - proving again that most 1st b/o's of anything, are false. 5min below.

Challenging prev 1hr sw hi zone=prev res=potential res to 4002 now. This is coexistant with the wider zone 3996-4005-4017.
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Trader with an Edge.
  • #584,687
  • Mar 18, 2021 6:01am Mar 18, 2021 6:01am
M 5 support level placed at 1.39769 then tp is 1.40
  • #584,688
  • Mar 18, 2021 6:06am Mar 18, 2021 6:06am
two hours down 64 times 4/3 pips then two hours up 64 times 4/3 pips, precisely from beginning of hour to end of hour, gann knew the speed of even the currencies
twitter: @gettoefl
  • #584,689
  • Mar 18, 2021 6:07am Mar 18, 2021 6:07am
Quoting Forex.z1
{quote} I am looking for the same target level, 1.3750-1.37, when do you reckon we will get close to these level?
It's not guaranteed. We have to wait for BOE statement- it can easily cause a breakout above 1.40 and that target is off for a while.

If 1.40 area holds then it can happen next week imo.

This area between 1.3990-1.4040 is key for me
  • #584,690
  • Mar 18, 2021 6:07am Mar 18, 2021 6:07am
fakey fakey
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yes yes yes
  • #584,691
  • Mar 18, 2021 6:09am Mar 18, 2021 6:09am
Quoting littspaniard
{quote} set profit and stop at even {image}
out at even
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The only constant is change
  • #584,692
  • Mar 18, 2021 6:10am Mar 18, 2021 6:10am
Quoting Sang.Real
{quote} Warm welcome to the thread lockstockd, Interesting tools you got there. (FXSSI tools such as SL clusters and OrderBook?) I only use SNR to trade ,as I'm new to trading. Maybe some other professional here use similar tools for trading. Anyway keep sharing and look forward for your contribution to help Newbie, like me. Trade Safely & Wisely Sincerely, Sang Real
Thank you for the warm welcome Sang, I have enjoyed your posts and I think you have a great mentality for trading! I consider myself a newbie also so don't take my words as advice please.

UPDATE -- Adjusted Sell Limit to 1.40500. Possibility of a dip to 1.39300 to grab liquidity then
  • #584,693
  • Mar 18, 2021 6:11am Mar 18, 2021 6:11am
Short again, getting the stop to BE asap. 1.3990
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  • #584,694
  • Mar 18, 2021 6:13am Mar 18, 2021 6:13am
Quoting greengp
M 5 support level placed at 1.39769 then tp is 1.40

SL 1.39688
  • #584,695
  • Mar 18, 2021 6:15am Mar 18, 2021 6:15am
note that spike on 1 min chart.
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Intraday only.
  • #584,696
  • Mar 18, 2021 6:18am Mar 18, 2021 6:18am
Quoting mysterio
Short again, getting the stop to BE asap. 1.3990 {image}
Smart!
I think it is better to get out before BOE
  • #584,697
  • Mar 18, 2021 6:23am Mar 18, 2021 6:23am
ermmm price keeping up

so i enter some short now
  • #584,698
  • Mar 18, 2021 6:24am Mar 18, 2021 6:24am
Quoting Moty
fakey fakey {image}
  • #584,699
  • Mar 18, 2021 6:24am Mar 18, 2021 6:24am
Quoting navk
note that spike on 1 min chart. {image}
she finishing the zero pips 4 hour cycle to the minute
twitter: @gettoefl
  • #584,700
  • Mar 18, 2021 6:25am Mar 18, 2021 6:25am
NOT A GREAT DAY
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