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Cable Update (GBPUSD)

  • #586,061
  • Mar 24, 2021 1:03pm Mar 24, 2021 1:03pm
Quoting zaidan
1.3650 first, then 1.3790 Impulse wave extension pattern
Still unfolding
  • #586,062
  • Mar 24, 2021 1:05pm Mar 24, 2021 1:05pm
For scalper
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  • #586,063
  • Mar 24, 2021 1:07pm Mar 24, 2021 1:07pm
Daytrading....bears are dominant & bulls are still shy
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  • #586,064
  • Mar 24, 2021 1:08pm Mar 24, 2021 1:08pm
Quoting Wavegarrick
{quote} Hi Guys, I am playing the odds here. One more short trade opened with my system rules and a 25 pip stop loss. It could well go against me. We shall see. Trade safe. Cheers. {image}
Patience, patience, and more patience. I don't know where this is going but all I know. my sell trade is locked in and I rest peacefully. I would like a daily close below 1.37000.
We shall see.
Cheers
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Trade to trade another day
  • #586,065
  • Mar 24, 2021 1:23pm Mar 24, 2021 1:23pm
Quoting JayBag
{quote} Quite possible bud. 1.37146 is a solid level and I would be happy if the bears broke it today. However, that's not happening RN Here's a question, what if we are facing a continuation? SS
So you mean your analysis of price heading to the weekly open is only valid if the daily closes above 1.37146? Then why did you close your shorts without waiting for the end of the session? Also, may I ask why this number is so significant for you?
  • #586,066
  • Mar 24, 2021 1:25pm Mar 24, 2021 1:25pm
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yes yes yes
  • #586,067
  • Mar 24, 2021 1:34pm Mar 24, 2021 1:34pm
Quoting coolmakina
{quote} +/- 30pis to 1.37
If i had 10 dólares every time i enter rio early, get stop out and then price does the thing...Elon Musk would be my second...
If you don't know how to earn money, don't loose it.
  • #586,068
  • Mar 24, 2021 1:36pm Mar 24, 2021 1:36pm
There is some room left for the price to reach the lower limit of the uptrend channel.
See chart.
Risk Management is of utmost importance!
  • #586,069
  • Mar 24, 2021 1:37pm Mar 24, 2021 1:37pm
So far it is doing what it should be doing for a continuation to the downside broken the 3700 area that was broken on the upside and now broken the immediate support (3696) to the downside, now lets see how far it runs down before retesting the 3700 area and 3710 as that is a smaller degree support from the last swing up


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Follow The Markets Structure - Patience and Discipline
  • #586,070
  • Mar 24, 2021 1:39pm Mar 24, 2021 1:39pm
Quoting Sang.Real
{quote} Dude, you're posting in wrong thread. I ask you politely, Please post in the appropriate thread. Thank you
am not posting in a wrong thread. am posting in the gbpusd thread.
99.9% persistence
  • #586,071
  • Mar 24, 2021 2:07pm Mar 24, 2021 2:07pm
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yes yes yes
  • #586,072
  • Mar 24, 2021 2:10pm Mar 24, 2021 2:10pm
Quoting Moty
{image}
That chart looks like a W formation in play... could be useful for the bulls
Insane in the Brain..
  • #586,073
  • Mar 24, 2021 2:17pm Mar 24, 2021 2:17pm
stop loss hit..enough for me today, trade well
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The only constant is change
  • #586,074
  • Mar 24, 2021 2:18pm Mar 24, 2021 2:18pm
Long 1.3995, tp 1.3702. Am I asking too much?
Air force
  • #586,075
  • Mar 24, 2021 2:23pm Mar 24, 2021 2:23pm
Stopped out with 101 Pip's in profit,
too close to the wick-up, because you just don't want to sacrifice those pips. !
Well, Filed again under... "You know that pattern you see is valid," -stick to your guns.

Wave-C,
Still needs it's completion, and that's part of the picture here,
and why she's not "Zooming North", -yet.

Attached Image (click to enlarge)
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Happy Pipping,

Jeff out...
I will work to Objectively Identify my Edges
  • #586,076
  • Mar 24, 2021 2:30pm Mar 24, 2021 2:30pm
...
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Always trade your own plan...I don't provide trading signals.
  • #586,077
  • Mar 24, 2021 2:37pm Mar 24, 2021 2:37pm
Quoting W0lfram
Long 1.3995, tp 1.3702. Am I asking too much?

I'm with you full steam. My tp is even 1.37
  • #586,078
  • Mar 24, 2021 2:40pm Mar 24, 2021 2:40pm
Quoting Sang.Real
{quote} GU Closing this scalping trade. After all this is trading against HTF down trend (risky) Waiting for Short set up. Maybe later, maybe tomorrow. {image}

GU

Closed scalping short trade.

Small gain , at the same time learning to trade systematically.

Hope to make this consistent practice.

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  • #586,079
  • Mar 24, 2021 2:44pm Mar 24, 2021 2:44pm
Quoting Wavegarrick
{quote} Patience, patience, and more patience. I don't know where this is going but all I know. my sell trade is locked in and I rest peacefully. I would like a daily close below 1.37000. We shall see. Cheers {image}
Bears showing some intent here.

Cheers.
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Trade to trade another day
  • #586,080
  • Edited 7:12pm Mar 24, 2021 2:44pm | Edited 7:12pm
Quoting JayBag
{quote} Higher TF tells a different story. The pressure is hard on bigger TF
I'm gonna give "Prop's to Jay today"... I don't think he'd mind that.
Whether he- or i are actually "Calling" for 1.32 isn't the point to be made.
It's a combination of sorts, and i can't find your other Post- But in essence,
that it may simply, "travel back to the downside." (again, i'm paraphrasing).
But Good Work Jay, Prop's...
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Here she goes. -enjoy the ride if NY & Asia do Dump her a bit further.
'Catch up to you later,

Jeff
I will work to Objectively Identify my Edges
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