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Cable Update (GBPUSD)

  • #586,661
  • Mar 29, 2021 3:39am Mar 29, 2021 3:39am
Wait for sell guy just a minutes
  • #586,662
  • Mar 29, 2021 3:41am Mar 29, 2021 3:41am
Quoting Benton
{quote} Just several days ago, or one week ago, covid cases are dropping. This was one of reasons GU went up! If you looked at the numbers, you would believe it too! At that time, many people, or market, including me, believed that covid cases would continue to drop, vaccines would solve the pandemic problem. But now, look at the number again. The cases number is picking up. This is a surprise to market!
Try keeping to the facts that you know and not what you believe, this may help you, good luck with your trading
  • #586,663
  • Mar 29, 2021 3:43am Mar 29, 2021 3:43am
Quoting dimitricss
{quote} please dont feel offended.. im not beting you.. no one won.. you short bias is good,, me too in a short bias. you re just too soon. .
don't worry. no offence to me. Just joking with you. Small lot loss, $30 loss.
I always say I could be wrong.
  • #586,664
  • Mar 29, 2021 3:45am Mar 29, 2021 3:45am
Attached Image (click to enlarge)
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my Plan these week on GBPUSD is this i was aware price may break high soon 1.42 is my POV for sell area
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #586,665
  • Mar 29, 2021 3:46am Mar 29, 2021 3:46am
Quoting dimitricss
{quote}
LOL well said
  • #586,666
  • Mar 29, 2021 3:46am Mar 29, 2021 3:46am
Got my short in from 1.3828

Stop Loss to BE already, TP open

God speed

If its stopped I wait for higher up
  • #586,667
  • Mar 29, 2021 3:53am Mar 29, 2021 3:53am
G/M, Nice fast last leg up after the drop to the prev 1hr sw hi=prev res = pot rbs zone and demand found there....price @ current dly hi @ 50% 4002-3670 and underside of 2 former asc t/lines - one on 4hr below the other on dly chart - ie 2854-3188 in a prev 4hr/dly sw lo zone = prev supp=pot sbr.. This prev dly sw lo zone = prev supp = pot sbr extends deep to circa 3885.

4hr below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #586,668
  • Mar 29, 2021 3:53am Mar 29, 2021 3:53am
Quoting dimitricss
{quote} please dont feel offended.. im not beting you.. no one won.. you short bias is good,, me too in a short bias. you re just too soon. .
you are right. I shorted too soon. I shorted it again at 1.38303
  • #586,669
  • Mar 29, 2021 3:53am Mar 29, 2021 3:53am
very interesting only cable is fighting againest $
  • #586,670
  • Mar 29, 2021 3:54am Mar 29, 2021 3:54am
Quoting Tekin
very interesting only cable is fighting againest $
Not for much longer

IMO
  • #586,671
  • Mar 29, 2021 3:58am Mar 29, 2021 3:58am
1hr is below. Potential now for 5min bullish hidden div so long as price is above 3786...not developed yet though on my 2 x 5min osc's. That 4hr bearish hidden div is still valid below 3875 (so far.) Take your pick lol! Are you bullish or bearish?
Attached Image (click to enlarge)
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Trader with an Edge.
  • #586,672
  • Mar 29, 2021 4:00am Mar 29, 2021 4:00am
Attached Image (click to enlarge)
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yes yes yes
  • #586,673
  • Mar 29, 2021 4:01am Mar 29, 2021 4:01am
Not time to sell just waiting at 8652
  • #586,674
  • Edited 4:48am Mar 29, 2021 4:02am | Edited 4:48am
With that ongoing rejection at 100ema, i'll wait for the current and couple other 4H candlestick to complete before opening any short position - if my pending order doesn't get triggered first. All i see is short, but the pair ai't allowed to cross above the 50% Fib zone.
Attached Image (click to enlarge)
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  • #586,675
  • Mar 29, 2021 4:04am Mar 29, 2021 4:04am
Quoting Waveskierrob
{quote} Try keeping to the facts that you know and not what you believe, this may help you, good luck with your trading
Thank you for your advice. I am testing my trading strategy. I did neglect one bull signal today. When the price went from 1.3760 to 1.3790, it broke through strong resistance. This is a strong bull signal, but I neglected it! This is the mistake I made today!
  • #586,676
  • Edited 4:42am Mar 29, 2021 4:08am | Edited 4:42am
BTW I came across very old thread:

https://www.forexfactory.com/thread/...0#post13472700

There is a nice indicator for detecting RSI divergences. Not perfect but I modified it a little bit. Still not perfect, but I also made some suggestions about how it should be used. Please feel free to download and try. I’ve been running some testing and I could easily make som good trades. Download available for both executable and source code.

Edit: Suggested scan_width value = 14
Just tested it on the last GBPUSD spike and it gave me 50 pips profit.
Just try and play with the parameters. It could turn out a good thing
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #586,677
  • Mar 29, 2021 4:16am Mar 29, 2021 4:16am
Quoting Theoak
{quote} I don't use DXY, but I think I'm right in thinking this is the dollar index. If this is the case? Then if this goes down the pound will go up. Correct me if I'm wrong!
you are correct. DXY is the dollar index. In most cases. DXY and GU go different direction. When dxy goes down, pound goes up. But today pound does not behave this way. There is always exception in forex market. Today dxy goes up, eurusd goes down. Usually GU goes down as well. But it does not today!
  • #586,678
  • Mar 29, 2021 4:18am Mar 29, 2021 4:18am
If the bears are going to mount an attack targetting a new lo below the last 3670 lo there is probably a fair chance it will be from this prev sw lo zone = prev supp=pot sbr on the dly? (deep zone.)

Dly below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #586,679
  • Mar 29, 2021 4:30am Mar 29, 2021 4:30am
Quoting Headland
If the bears are going to mount an attack targetting a new lo below the last 3670 lo there is probably a fair chance it will be from this prev sw lo zone = prev supp=pot sbr on the dly? (deep zone.) Dly below. {image}
I reckon in the 1.3500s is a good weekly target for bears

I have 1.3130-3290 as the next daily demand after the one we just broke down at 1.37. Possible if the dollar strength story rumbles on, I think it has a ways to go yet
  • #586,680
  • Mar 29, 2021 4:31am Mar 29, 2021 4:31am
Quoting mysterio
{quote} Not for much longer IMO
I dont know 1.3826 on m15 or 1.3860 around on daily my resistances. watching now
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