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Cable Update (GBPUSD)

  • #584,801
  • Edited 9:50am Mar 18, 2021 9:38am | Edited 9:50am
Quoting Ihlas
{quote} Bought. No need for SL LOL Have a good day guys Gotta business to do Bye

Destination 1.405 (JUST IMHO Till the end of NY session)
Decide it yourself accordingly to volume
Bye
  • #584,802
  • Mar 18, 2021 9:40am Mar 18, 2021 9:40am
waiting for the reaction at 1.395ish to take any action
Keep the Lights on then you can catch the rise from the dark.
  • #584,803
  • Mar 18, 2021 9:40am Mar 18, 2021 9:40am
Quoting ihlas
{quote} destination 1.405 (till the end of ny session) According to volume bye
so we are in same team
  • #584,804
  • Mar 18, 2021 9:41am Mar 18, 2021 9:41am
...price now @ 1st upside obstacle on the 1hr.....1hr below.
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Trader with an Edge.
  • #584,805
  • Mar 18, 2021 9:41am Mar 18, 2021 9:41am
Quoting ricmaj
waiting for the reaction at 1.395ish to take any action
You mean the 1.32?
  • #584,806
  • Mar 18, 2021 9:42am Mar 18, 2021 9:42am
moty call out the rockets please
  • #584,807
  • Mar 18, 2021 9:42am Mar 18, 2021 9:42am
someone has posted few days ago when adr reaches 120% it retraces for 30 pips
  • #584,808
  • Mar 18, 2021 9:43am Mar 18, 2021 9:43am
Quoting Nd10
{quote} You mean the 1.32?

whats the relationship between both prices is 39 same as 32?
Keep the Lights on then you can catch the rise from the dark.
  • #584,809
  • Edited 10:23am Mar 18, 2021 9:44am | Edited 10:23am
Quoting Ihlas
{quote} Destination 1.405 (Till the end of NY session) According to volume Bye
Me too brother, locked in @1.39049 but will be watching price around 1.39500.

Sell Limit still in place for 1.40 but hopefully will be moving this up closer to your target depending on PA.

EDIT: Closed at 1.39256 - like watching paint dry waiting for bulls at this level. (probably going to fly up now I'm out lol)

+70 pips for the day, that's me done for today. Leaving Sell Limit in place but it's a long shot right now I think.

Wishing you all many pips!
  • #584,810
  • Mar 18, 2021 9:46am Mar 18, 2021 9:46am
Quoting Ziemowit
someone has posted few days ago when adr reaches 120% it retraces for 30 pips

That's not strictly true - all you can say is that when price exceeds the adr and the more it exceeds it, particularly if it is beyond fib extensions (upside or downside) of the previous day's daily candle - the greater chance of a 'sizeable pullback' relative to the move that took it there - but there are no absolutes, just probability.
Trader with an Edge.
  • #584,811
  • Mar 18, 2021 9:51am Mar 18, 2021 9:51am
GU

Scalping short

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  • #584,812
  • Mar 18, 2021 9:52am Mar 18, 2021 9:52am
Quoting littspaniard
longs ...touch trade {image} {image}
finally tiny stop loss hit....a pity..the trade was so beautiful.... anyway... next time
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The only constant is change
  • #584,813
  • Mar 18, 2021 9:55am Mar 18, 2021 9:55am
..does anyone know (I have forgotten) what the opposite of a 'dark cloud cover' candle is called please? Ie when it occurs @ a lo not @ a hi, (but same principle/logic,) - potentially as the present 1hr candle could close as?
Trader with an Edge.
  • #584,814
  • Mar 18, 2021 9:56am Mar 18, 2021 9:56am
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yes yes yes
  • #584,815
  • Mar 18, 2021 9:58am Mar 18, 2021 9:58am
Short got taken out BE. Reshorted here. If this gets taken out then I need to rethink my bias. If my bias is correct then 1.37-1.3750 is the target. If this breaks then it opens up 1.40 again for me. Unfortunately channels of this size aren't great for entries because they can apply on the 4h timeframe if that makes sense (IE candles can wick outside then close inside). Only one good trade today
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  • #584,816
  • Mar 18, 2021 10:03am Mar 18, 2021 10:03am
Quoting Headland
..does anyone know (I have forgotten) what the opposite of a 'dark cloud cover' candle is called please? Ie when it occurs @ a lo not @ a hi, (but same principle/logic,) - potentially as the present 1hr candle could close as?
Hi Headland, "piercing pattern" I believe.
  • #584,817
  • Mar 18, 2021 10:06am Mar 18, 2021 10:06am
Quoting Kaysole
{quote} Hi Headland, "piercing pattern" I believe.
Thank you.
Trader with an Edge.
  • #584,818
  • Mar 18, 2021 10:06am Mar 18, 2021 10:06am
Quoting Headland
...price now @ 1st upside obstacle on the 1hr.....1hr below. {image}
And problems it’s providing too! Needs to crack it to go further up
Insane in the Brain..
  • #584,819
  • Mar 18, 2021 10:15am Mar 18, 2021 10:15am
Quoting BeeTogether
{quote} And problems it’s providing too! Needs to crack it to go further up
and you have the 5min bearish hidden div there too...5min below....doesn't mean it won't get upside of it though....last 1hr close was at least encouraging for the bulls.
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Trader with an Edge.
  • #584,820
  • Mar 18, 2021 10:16am Mar 18, 2021 10:16am
I'm waiting for the next reflection
I have a buy limit
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