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Cable Update (GBPUSD)

  • #584,741
  • Mar 18, 2021 7:42am Mar 18, 2021 7:42am
From CME, preliminary data from yesterday

A lot of contracts closed
Something to think about

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  • #584,742
  • Mar 18, 2021 7:45am Mar 18, 2021 7:45am
Quoting Sang.Real
{quote} GU Red News Quick scalping in/out Pre- GBP Official Bank Rate News. Chart set up. With limit order {image} Price at news - GBP Official Bank Rate News. Price movement. {image}

GU


Nearing to target.

Ready to close Short

Waiting for nice set up to get long.

Cancel limit order, leaving only one Limit available



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  • #584,743
  • Mar 18, 2021 7:45am Mar 18, 2021 7:45am
Super zone for long
1.3914
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  • #584,744
  • Mar 18, 2021 7:46am Mar 18, 2021 7:46am
Quoting Sang.Real
{quote} GU Nearing to target. Ready to close Short Waiting for nice set up to get long. Cancel limit order, leaving only one Limit available {image}
You v been kicking asses. Cheers
  • #584,745
  • Mar 18, 2021 7:52am Mar 18, 2021 7:52am
1.39244 up
Like me, cuts losses quickly. But has more patience and lets his winn
  • #584,746
  • Mar 18, 2021 7:52am Mar 18, 2021 7:52am
swathed to long
this gap closing is too crooky
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yes yes yes
  • #584,747
  • Mar 18, 2021 7:55am Mar 18, 2021 7:55am
Quoting Nd10
{quote} You v been kicking asses. Cheers

It is just Beginners (Newbie) Luck

Not my skill and knowledge to trade like this.

Beyond and above my capabilities.
  • #584,748
  • Mar 18, 2021 7:58am Mar 18, 2021 7:58am
My weekly target..
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  • #584,749
  • Mar 18, 2021 7:58am Mar 18, 2021 7:58am
Quoting Vincent1
From CME, preliminary data from yesterday A lot of contracts closed Something to think about {image}
What is the implication to trading cable? Are we to expect an uptrend or downtrend?
  • #584,750
  • Mar 18, 2021 8:01am Mar 18, 2021 8:01am
...bounce from the prev 1hr/4hr swing hi zone = prev res = potential rbs....1hr below.
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Trader with an Edge.
  • #584,751
  • Mar 18, 2021 8:01am Mar 18, 2021 8:01am
Quoting M.Fadly
1.39244 up
Nice Entry Fadly

Where is you SL ?.

Thanks
  • #584,752
  • Mar 18, 2021 8:01am Mar 18, 2021 8:01am
Goof Afternoon

1.40 was tested twice again after FOMC news pumped the price but was not enough to break through.
It's still possible to see a 1.38 reach this week if the price keeps falling through my downtrend channels, it is highly unlikely though, we are nearing the end of the week and the market keeps ranging (190 pip this week so far).
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  • #584,753
  • Mar 18, 2021 8:01am Mar 18, 2021 8:01am
TPd at daily pivot for 60, wait and see now. If it's going to break 1.40 I'd like it to be this wave
  • #584,754
  • Mar 18, 2021 8:02am Mar 18, 2021 8:02am
Only ranging now.
My SS is for Midterm!!
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  • #584,755
  • Mar 18, 2021 8:04am Mar 18, 2021 8:04am
Quoting BeeTogether
Must have missed something as the commentary from BoE was positive so why has GU dropped?

They need more seller to fill up their book prior to mark up the price higher

I think , they re going for the liquidity level and SL to fill up their books.
  • #584,756
  • Mar 18, 2021 8:09am Mar 18, 2021 8:09am
the finger rule , at 400% extension , price tent to reverse
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yes yes yes
  • #584,757
  • Mar 18, 2021 8:11am Mar 18, 2021 8:11am
Quoting Sang.Real
{quote} Nice Entry Fadly Where is you SL ?. Thanks
1.38200 sl

insya allah
Like me, cuts losses quickly. But has more patience and lets his winn
  • #584,758
  • Mar 18, 2021 8:12am Mar 18, 2021 8:12am
... the prev 1hr sw lo zone =prev supp=pot sbr screws the bulls ! (3min bearish hidden div there) Which one will give first now,? the dark grey or light blue zone ?

1hr below.
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Trader with an Edge.
  • #584,759
  • Mar 18, 2021 8:13am Mar 18, 2021 8:13am
Quoting Sang.Real
{quote} GU Nearing to target. Ready to close Short Waiting for nice set up to get long. Cancel limit order, leaving only one Limit available {image}

GU

Add two more position.

Cancel all Buy Limit.

Price is going for liquidity zone and SL zone to trigger buy order at lower price ( wholesale price).

Early buyer is adjusting their SL now.


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  • #584,760
  • Mar 18, 2021 8:14am Mar 18, 2021 8:14am
EUR/USD just completely filled gap almost to the pip. GU trying to do the same?

Buy limit placed at 1.38625. Watching closely. Still have Sell limit at 1.40100 but starting to doubting it will reach today.
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TooSlow