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Cable Update (GBPUSD)

  • #585,401
  • Mar 22, 2021 12:14pm Mar 22, 2021 12:14pm
Quoting MTF Test
{quote} I like you man. You understood why you were wrong. And emphasizes not to repeat the same mistake. Good start. Those are some good qualities of 5%. P.S : It's a good time to sell for few pips. / 1M
Appreciate it MTF, we must always learn from our mistakes!

Yes I saw that too, re-entered initially with a super tight SL but already moved stop to BE.

Let's see how the day ends.

EDIT - BE hit. Done for the day. +38
  • #585,402
  • Mar 22, 2021 12:15pm Mar 22, 2021 12:15pm
Inserted Video
dolce vita
  • #585,403
  • Mar 22, 2021 12:18pm Mar 22, 2021 12:18pm
Quoting Moty
{image}{image}
Ain't you the best Little Master Moty.

Cheers man !

MTF is out.
Fools Rushing
  • #585,404
  • Mar 22, 2021 12:35pm Mar 22, 2021 12:35pm
Quoting dimitricss
{quote} target 3875 stop 3810
out.. 3870

done for to day
Trade with prediction = witch with her visions lol
  • #585,405
  • Mar 22, 2021 12:42pm Mar 22, 2021 12:42pm
I see treasury yields slid quite a bit in the early hours and the dollar has been held back. IMO, there has maybe been a bit of a flight to quality/safety following the Turkey central bank news and the Turkish Lira crash. IUS treasuries outperformed all of the Eurozone govt fixed income. Treasuries are still trending down and may just be correcting a bit. So this may just be a temporary effect- just shooting from the hip, I don't know for sure. The zone around 166-168 bps on 10y is holding well. I'm keeping my bearish bias on GU and wait and see tomorrow.
  • #585,406
  • Mar 22, 2021 1:27pm Mar 22, 2021 1:27pm
Quoting dimitricss
{quote} target 3875 stop 3810
  • #585,407
  • Mar 22, 2021 1:27pm Mar 22, 2021 1:27pm
Quoting dimitricss
{quote} out.. 3870 done for to day
  • #585,408
  • Mar 22, 2021 1:50pm Mar 22, 2021 1:50pm
Quoting babayaga
{quote} WPP is not enough? let's see
What is WPP?
So far the GU runs as I expect. I just closed a long position at 1.3863 and opened a sell position at 1.3867(small amount).If it climbs back above 1.387, I will add more sell position!
  • #585,409
  • Mar 22, 2021 1:50pm Mar 22, 2021 1:50pm
Tomorrow morning @ 7am GMT red sticker news for UK should hopefully break the range one way or the other
Insane in the Brain..
  • #585,410
  • Mar 22, 2021 2:07pm Mar 22, 2021 2:07pm
Quoting Benton
{quote} What is WPP? So far the GU runs as I expect. I just closed a long position at 1.3863 and opened a sell position at 1.3867(small amount).If it climbs back above 1.387, I will add more sell position!
WPP - Weekly Pivot Points

this week:
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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btw, you right about today's range, I cannot deny
dolce vita
  • #585,411
  • Mar 22, 2021 2:11pm Mar 22, 2021 2:11pm
I will leave my position for a while (TP 1,3892)
will check later
this setup is invalid if she will break down 1.3844

let see
Attached Image (click to enlarge)
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dolce vita
  • #585,412
  • Mar 22, 2021 2:12pm Mar 22, 2021 2:12pm
look at the M1 chart... lol...
Trade with prediction = witch with her visions lol
  • #585,413
  • Mar 22, 2021 2:17pm Mar 22, 2021 2:17pm
Attached Image (click to enlarge)
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yes yes yes
  • #585,414
  • Mar 22, 2021 2:23pm Mar 22, 2021 2:23pm
Quoting babayaga
{quote} WPP - Weekly Pivot Points this week:{image}{image}btw, you right about today's range, I cannot deny
WPP can act as resistance or support line, but in my option, it is not a trigger or catalyst for a big move.
GU could go up to WPP point temporarily today, but I see no catalyst to push GU beyond and further.

I will keep this view until UK data release at 3 AM ET(8 AM GMT).
  • #585,415
  • Mar 22, 2021 2:26pm Mar 22, 2021 2:26pm
Quoting dimitricss
look at the M1 chart... lol...
what do you mean?
I trade from 1M chart
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicro-m1-xm-global-limited-2.png Size: 59 KB
dolce vita
  • #585,416
  • Mar 22, 2021 2:31pm Mar 22, 2021 2:31pm
Quoting babayaga
{quote} what do you mean? I trade from 1M chart {image}
owh you re scalping..?.. thats good.
Trade with prediction = witch with her visions lol
  • #585,417
  • Mar 22, 2021 2:33pm Mar 22, 2021 2:33pm
Quoting Benton
{quote} WPP can act as resistance or support line, but in my option, it is not a trigger or catalyst for a big move. GU could go up to WPP point temporarily today, but I see no catalyst to push GU beyond and further. I will keep this view until UK data release at 3 AM ET(8 AM GMT).
I am agree with what you have written but "big" move.., I do not think that 20 pips is a BIG move for cable, but ...
dolce vita
  • #585,418
  • Mar 22, 2021 2:46pm Mar 22, 2021 2:46pm
Quoting dimitricss
{quote} owh you re scalping..?.. thats good.
it probably could call such a way, "scalping"
to me it's "day trading"
I trade (!!!) from 1M chart and keeping open "range bar chart" & 30M (that I switch to other time frames).., = 3 open charts for one pair
usually I look at two pairs ( at least )... = 6 open charts
without to pretend
really

but what did you mean btw?
dolce vita
  • #585,419
  • Mar 22, 2021 2:58pm Mar 22, 2021 2:58pm
Quoting babayaga
{quote} it probably could call such a way, "scalping" to me it's "day trading" I trade (!!!) from 1M chart and keeping open "range bar chart" & 30M (that I switch to other time frames).., = 3 open charts for one pair usually I look at two pairs ( at least )... = 6 open charts without to pretend really but what did you mean btw?
nothing.. i just meant its going side ways badly in 1 minute chart,,, it makes the H1 barely moved...it cant even touch my TP at 3875..i closed it at 3870.
Trade with prediction = witch with her visions lol
  • #585,420
  • Mar 22, 2021 4:05pm Mar 22, 2021 4:05pm
Spike Lee maybe in the house for a short time tomorrow for the retest, before the bears have another go
Attached Image (click to enlarge)
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Compulsions can be hard to resist
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