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Cable Update (GBPUSD)

  • #586,721
  • Mar 29, 2021 6:15am Mar 29, 2021 6:15am
Quoting Theoak
{quote} Sort - Short
i am a buyer but not here. i want it to go down but no indication for it yet (to feel safe to take the trade as per my rules)

also i cannot scalp, had an accident and my hands are not fast enough yet
offering my system to copy trade. check my link
  • #586,722
  • Mar 29, 2021 6:18am Mar 29, 2021 6:18am
Quoting iluvyomumma
{quote} I very rarely use DXY. I think it is completely misleading. Did you know 52% of DXY is EURUSD? So you're basically relying on the strength of the Euro and disregarding the other currencies. It isn't a good indicator
I do know that the big chunk of dxy is eur. GBP is only small piece. Maybe only 20%(?). Although GBP is only small piece of DXY, GBP has some correlation with EUR. So Dxy still can indicate something for GBP direction. A lot of times EUR goes the same direction with GBP.

DXY is not a precise indicator for GBP, but it can indicate something, just as black clouds do not always indicate raining, but it can indicate that the rain may be coming!
  • #586,723
  • Mar 29, 2021 6:22am Mar 29, 2021 6:22am
don't follow these trades, i am just having fun testing a new trading template i started a few hours back
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  • #586,724
  • Mar 29, 2021 6:29am Mar 29, 2021 6:29am
FPA technical analysis: In short-term perspective we're focused on downside continuation but have to keep an eye on crucial resistance levels, as they could become good indicators of market action.

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  • #586,725
  • Mar 29, 2021 6:35am Mar 29, 2021 6:35am
Quoting nikosk0
{quote} i am a buyer but not here. i want it to go down but no indication for it yet (to feel safe to take the trade as per my rules) also i cannot scalp, had an accident and my hands are not fast enough yet
No worries Bud... You was spelling Short wrong. I was Bear this morning waiting for it to set-up. I have a long on this at the moment target 1.3847. Looking to add if it retraces a bit!!!!
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Don't trade what you think. Just what you see!!!
  • #586,726
  • Mar 29, 2021 6:35am Mar 29, 2021 6:35am
added another position, should go up another 40 pips or so
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  • #586,727
  • Mar 29, 2021 6:35am Mar 29, 2021 6:35am
Quoting JungleLionFx
don't follow these trades, i am just having fun testing a new trading template i started a few hours back {image} {image}
what levels are you using?

thanks.
Get the Lag out
  • #586,728
  • Mar 29, 2021 6:37am Mar 29, 2021 6:37am
Quoting JungleLionFx
added another position, should go up another 40 pips or so {image}
England took on March 29th a significant step towards easing lockdown restrictions, with people being allowed to meet in groups of up to six or as two households and outdoor team sports reopening.
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  • #586,729
  • Mar 29, 2021 6:39am Mar 29, 2021 6:39am
Quoting ZeroLag
{quote} what levels are you using? thanks.
i am just testing something, don't follow me
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  • #586,730
  • Mar 29, 2021 6:42am Mar 29, 2021 6:42am
Quoting JungleLionFx
don't follow these trades, i am just having fun testing a new trading template i started a few hours back {image} {image}
Are you hedging this 2 pair?
  • #586,731
  • Mar 29, 2021 6:47am Mar 29, 2021 6:47am
Quoting JungleLionFx
{quote} i am just testing something, don't follow me

follow you where?
Get the Lag out
  • #586,732
  • Mar 29, 2021 6:48am Mar 29, 2021 6:48am
Quoting JungleLionFx
{quote} i am just testing something, don't follow me
Careful
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  • #586,733
  • Mar 29, 2021 6:50am Mar 29, 2021 6:50am
Quoting bigiivan
If this H4 close bullish we will go up. 1,3850 or even 1,3900. One more hours to go.
So far, so good.
1,3850 is a must! The question is: will we see 1,3900 today?
Let's see NY!
  • #586,734
  • Mar 29, 2021 6:51am Mar 29, 2021 6:51am
Quoting bigiivan
{quote} So far, so good. 1,3850 is a must! The question is: will we see 1,3900 today? Let's see NY!
Look closely daily candle u can see we he want to go..
  • #586,735
  • Mar 29, 2021 6:51am Mar 29, 2021 6:51am
1/1 H4
Attached Image (click to enlarge)
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  • #586,736
  • Mar 29, 2021 6:52am Mar 29, 2021 6:52am
Quoting fahminofear
{quote} Are you hedging this 2 pair?
just following the price, no hedging
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  • #586,737
  • Mar 29, 2021 6:53am Mar 29, 2021 6:53am
to me 3850/3860 unlikely to break. ( for today )

I took short. But may be wrong.
Intraday only.
  • #586,738
  • Mar 29, 2021 6:56am Mar 29, 2021 6:56am
I should have labeled my chart correctly....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 27 KB
Get the Lag out
  • #586,739
  • Mar 29, 2021 7:03am Mar 29, 2021 7:03am
Quoting JungleLionFx
{quote} just following the price, no hedging {image}
added a little noise to my template just to get a quick exit when it happens

basically, as long as price remains above a level on that time frame it is bullish

break the support then just exit the long

right now i am tracking m15 or 15 minute level for long exit
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  • #586,740
  • Mar 29, 2021 7:11am Mar 29, 2021 7:11am
Check out the daily chart it's clearly in a consolidation pattern on a daily,

I reckon we could be looking at 1.41 within a few weeks!

I'm staying long for the long term.
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