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Cable Update (GBPUSD)

  • #586,821
  • Mar 29, 2021 10:50am Mar 29, 2021 10:50am
Quoting PopeyeEA
maybe going to 1.386 or get highest 1.399. just focus on buy. GU already SURPASSS my daily trendline SL 1.375 {image}
To me its SELL, targetting 1.35
  • #586,822
  • Mar 29, 2021 10:57am Mar 29, 2021 10:57am
Quoting iluvyomumma
{quote} how high do we see this going? I layered in a bit early
TBH, it can do another leg up and break the high before down. I don't do wave counts or anything like that. I'm primarily a scalper.

TP if you're nervous

I'm just watching, I think if it holds below 1.38 i'm fine but above I'm out

To me it's encouraging that DXY is still popping fresh highs and Euro new lows but that doesn't rule up further up moves
  • #586,823
  • Mar 29, 2021 11:02am Mar 29, 2021 11:02am
caught these at good times
pheww
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  • #586,824
  • Mar 29, 2021 11:02am Mar 29, 2021 11:02am
Quoting mysterio
{quote} TBH, it can do another leg up and break the high before down. I don't do wave counts or anything like that. I'm primarily a scalper. TP if you're nervous I'm just watching, I think if it holds below 1.38 i'm fine but above I'm out To me it's encouraging that DXY is still popping fresh highs and Euro new lows but that doesn't rule up further up moves
There isn't a ton of obvious supply either. my only fear
  • #586,825
  • Edited 11:18am Mar 29, 2021 11:06am | Edited 11:18am
Quoting iluvyomumma
{quote} There isn't a ton of obvious supply either. my only fear
There was a fairly obvious spot to TP and maybe reload higher up but I was in a 'sell and hold' mindset today

There is some 5m supply around 1.38

FWIW I reloaded some more short and will set stop to BE soon.

Bears might get a nice red daily spinning top candle to end the day with any luck
  • #586,826
  • Mar 29, 2021 11:19am Mar 29, 2021 11:19am
Quoting Fix-it
I have just long at 1.3785 Tp 1.3840
I am out and took short 1.3790
  • #586,827
  • Mar 29, 2021 11:24am Mar 29, 2021 11:24am
short
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close up
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yes yes yes
  • #586,828
  • Mar 29, 2021 11:31am Mar 29, 2021 11:31am
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yes yes yes
  • #586,829
  • Mar 29, 2021 11:42am Mar 29, 2021 11:42am
Quoting Moty
{image}
you are right Moti, I expect this PA tomorrow.
Intraday only.
  • #586,830
  • Mar 29, 2021 11:47am Mar 29, 2021 11:47am
Quoting NotAtrader
{quote} Your probable assumptions are totally wrong and you are getting increasingly offensive just because someone does not agree with you. My friend it is not nice to see anyone getting hurt and in particular not nice to see inexperienced traders getting hurt by taking wrong trading advices. Think about that next time you insist that your view is right.
Just saw this post--sorry I totally agree with Helios' interpretation of the COT. We are interested in the dynamic element IE the CHANGE in positions, as short term traders. You don't know where the net longs are holding from, so the 'stock' of positions doesn't matter. We're interested in the supply & demand shift whilst GU finds an new equilibrium price. Anyway, it's pretty nice of the guy to go to the effort of posting it with graphics and analysis, interpret it as you wish.
  • #586,831
  • Mar 29, 2021 11:48am Mar 29, 2021 11:48am
Quoting Wavegarrick
{quote} Hi Guys, My two sell trade stop losses were taken out, unfortunately. However, I do have a money management plan that I follow. I offset some of my losing trades with winning trades. The net effect is still a profit. In my picture, I have highlighted my 2 losing sell trades with 3 winning trades. I have opened another sell trade at my descending trendline. I would prefer a test of 1.3800. We shall see. {image} I don't specifically look for targets and juggle with my buy trades versus my sell trades. I currently have 4 buy trades versus 8...
Hi Guy's,
I cannot help but think that every bull move is a stop hunt at the moment. We are clearly in a down move from a daily perspective.
The first quarter of this year is about to end at the end of March. Of course, month-end moves will make this pair volatile. I am in with the 50% fib retrace just below 1.38440 with more trades added on the retrace.
Have a great week,
Cheers
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Trade to trade another day
  • #586,832
  • Mar 29, 2021 11:57am Mar 29, 2021 11:57am
done for to day..
its wonderfull...
see y'all tomorrow...
Trade with prediction = witch with her visions lol
  • #586,833
  • Mar 29, 2021 12:03pm Mar 29, 2021 12:03pm
GU

Scalping LONG


Set up SNR

Price Structure

Hope I'm lucky with this scalping.


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  • #586,834
  • Mar 29, 2021 12:05pm Mar 29, 2021 12:05pm
Quoting Moty
short {image}close up{image}
You'll change your idea very soon
  • #586,835
  • Mar 29, 2021 12:16pm Mar 29, 2021 12:16pm
Quoting Sang.Real
GU Scalping LONG Set up SNR Price Structure Hope I'm lucky with this scalping. {image}

Monty just shown it,s short not long and I agree with him.
  • #586,836
  • Mar 29, 2021 12:16pm Mar 29, 2021 12:16pm
Head and Shoulder on 4H
  • #586,837
  • Mar 29, 2021 12:19pm Mar 29, 2021 12:19pm
Took profit plus 5 pips now gone short at 13776 open tp s/l 13830
Insane in the Brain..
  • #586,838
  • Mar 29, 2021 12:20pm Mar 29, 2021 12:20pm
Quoting Fix-it
{quote} Monty just shown it,s short not long and I agree with him.

Thanks Fix-it

I will fix the trade soon.

Normally. after putting the trade and SL , I will leave it and do my chores.

Thanks again, appreciate experienced trade's advice.

Cheers

Sang Real
  • #586,839
  • Mar 29, 2021 12:27pm Mar 29, 2021 12:27pm
Quoting mysterio
{quote} Just saw this post--sorry I totally agree with Helios' interpretation of the COT. We are interested in the dynamic element IE the CHANGE in positions, as short term traders. You don't know where the net longs are holding from, so the 'stock' of positions doesn't matter. We're interested in the supply & demand shift whilst GU finds an new equilibrium price. Anyway, it's pretty nice of the guy to go to the effort of posting it with graphics and analysis, interpret it as you wish.
My friend you can be interested in whatever you want and interpret the TOC numbers just the way you want. In the end of the day everyone saw where GBPUSD did go. 100 pips up right after Helios insisted that there is a bearish mood. There is not a trace of any short term bearish mood okay?! This is the whole point here.
I don’t care what you do and how you do it, just don’t lead people with little to no experiences in a trap. If you can make money that way just do it, but insisting that there is a bearish mood and sentiment while the long positions are 2 x the shorts is simply wrong and it leads people without experiences into a strap.

After all why do I care. If you can make money that way then just do it
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #586,840
  • Mar 29, 2021 12:31pm Mar 29, 2021 12:31pm
Quoting NotAtrader
{quote} My friend you can be interested in whatever you want and interpret the TOC numbers just the way you want. In the end of the day everyone saw where GBPUSD did go. 100 pips up right after Helios insisted that there is a bearish mood. There is not a trace of any short term bearish mood okay?! This is the whole point here. I don’t care what you do and how you do it, just don’t lead people with little to no experiences in a trap. If you can make money that way just do it, but insisting that there is a bearish mood and sentiment while the...
depends are you talking hourly
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