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Cable Update (GBPUSD)

  • #585,741
  • Mar 23, 2021 12:56pm Mar 23, 2021 12:56pm
Now bullshit divergence is on every intraday tf. Time to regress to the mean.
Air force
  • #585,742
  • Mar 23, 2021 12:58pm Mar 23, 2021 12:58pm
Quoting Tekin
{quote} I dont trade every time like i did before. I enter only when i am almost sure. And if i am stopped at be i am waiting for a day. 1.3754 is very critical maybe it can bounce from that point but i will wait for tomorrow

Good to have patience, i had not taken a trade for over a week as i mostly trade daily swings , but today it all happened at once and i had 9 trades with some overnight entries , all 9 winners all on different pairs, nothing on cable.

It shows how important it is not to try and trade every move as consistency is only achieved through proper understanding of market structure and hitting that button at the right time.
Follow The Markets Structure - Patience and Discipline
  • #585,743
  • Mar 23, 2021 1:04pm Mar 23, 2021 1:04pm
Quoting Moty
1.37500 IS THE LOW OF THE DAY dx usually don't pass the adr high or low {image} {image}
we are mighty close to the low point now.. i can see a drop to 137
Insane in the Brain..
  • #585,744
  • Mar 23, 2021 1:07pm Mar 23, 2021 1:07pm
Quoting BeeTogether
{quote} i tell you that Powell needs a muzzle lol
Seriously!

I don't think price will go lower today unless they keep yapping about rates, I think price will drift up now and drop tomorrow

DXY in breakout mode but we have some big levels that should slow things down
  • #585,745
  • Mar 23, 2021 1:10pm Mar 23, 2021 1:10pm
I'm fine with "Whenever" they want to "Tip over the Apple Cart"...
-Be it the boys in N.Y., the boys in Asia,
or Frankfurt & London.

I'll 'Just be grateful when it does fall...
I will work to Objectively Identify my Edges
  • #585,746
  • Mar 23, 2021 1:17pm Mar 23, 2021 1:17pm
Short term View: today breakout triple bottom...for bulls not time yet
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  • #585,747
  • Mar 23, 2021 1:22pm Mar 23, 2021 1:22pm
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yes yes yes
  • #585,748
  • Mar 23, 2021 1:29pm Mar 23, 2021 1:29pm
Quoting helioss
Short term View: today breakout triple bottom...for bulls not time yet {image}
Am hoping it’s tomorrow for a rise up to 13850 at least. Feels like we at or near the bottom of the U .
Insane in the Brain..
  • #585,749
  • Mar 23, 2021 1:41pm Mar 23, 2021 1:41pm
Quoting Wavegarrick
{quote} Turning into a nice little momentum trade. Trade locked in. Cheers. {image}
Usdx on a roll. Just saying.
Trade safe.
Cheers.
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Trade to trade another day
  • #585,750
  • Mar 23, 2021 1:57pm Mar 23, 2021 1:57pm
Quoting BeeTogether
{quote} Am hoping it’s tomorrow for a rise up to 13850 at least. Feels like we at or near the bottom of the U .
At moment i see weakness according to COT data.....but Bears haven't so strength
  • #585,751
  • Mar 23, 2021 2:05pm Mar 23, 2021 2:05pm
Quoting aahsan1000
{quote} hi coolmakina ! dk2c can u send this ind?
What indi brother?
I've posted last friday, cant relate now from mobile.
Please search my recent posts.
If you don't know how to earn money, don't loose it.
  • #585,752
  • Edited 4:56pm Mar 23, 2021 2:08pm | Edited 4:56pm
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #585,753
  • Mar 23, 2021 2:13pm Mar 23, 2021 2:13pm
Quoting helioss
Short term View: today breakout triple bottom...for bulls not time yet {image}
Interesting
Patience.....
  • #585,754
  • Mar 23, 2021 2:25pm Mar 23, 2021 2:25pm
New Double bottom......
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  • #585,755
  • Mar 23, 2021 2:32pm Mar 23, 2021 2:32pm
Quoting helioss
New Double bottom...... {image}
Haven't seen this type of charting in a while
Compulsions can be hard to resist
  • #585,756
  • Mar 23, 2021 2:33pm Mar 23, 2021 2:33pm
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Like me, cuts losses quickly. But has more patience and lets his winn
  • #585,757
  • Mar 23, 2021 2:34pm Mar 23, 2021 2:34pm
Quoting Wavegarrick
{quote} Usdx on a roll. Just saying. Trade safe. Cheers. {image}
GBpUsd at a very important juncture. Defining moments. The journey continues.

Cheers.
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Trade to trade another day
  • #585,758
  • Mar 23, 2021 2:40pm Mar 23, 2021 2:40pm
Quoting BeeTogether
Potential reverse M on the hourly? {image}
Nope too easy or who knows? Price would go where it wants to. Today's lesson like always should be: Do not predict price, follow price.
Read in between the price!!!
  • #585,759
  • Mar 23, 2021 2:42pm Mar 23, 2021 2:42pm
Short Term TPs based on 2 Triple Bottom Pattern: .3725/.3710
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  • #585,760
  • Mar 23, 2021 2:42pm Mar 23, 2021 2:42pm
Quoting Wavegarrick
{quote} GBpUsd at a very important juncture. Defining moments. The journey continues. Cheers. {image}
agreed although a significant bounce back doesn’t look like it will happen.. however we maybe coming to the end of the drop as we know it. 13650 potentially the lowest
Insane in the Brain..
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