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Cable Update (GBPUSD)

  • #587,001
  • Mar 30, 2021 6:14am Mar 30, 2021 6:14am
Quoting Benton
{quote} I heard a lot people talking about Spike Lee and Liu. I am new here and am confused by those words. Do you mean something like stop hunting? Thanks!
Hi Benton,

Spike Lee = Bullish Move
Liu Kang = Bearish Move

We decided to coin new phrases. Nothing hectic

SS
  • #587,002
  • Mar 30, 2021 6:16am Mar 30, 2021 6:16am
Quoting MTF Test
{quote} My Sole Opinion : You are commentator than a analyzer. You seem to have a unique skill set where newbies perhaps the other can benefit of. I humbly suggest to consider your wordings to be full instead of abbreviation where a new trader would understand. I find you analysis as diplomatic, nor buy or sell which is indeed a skill of a pro trader. Good work has to be recognized. Cheers !
Indeed, its a great contribution.
For anyone having difficulty with the terminology abbreviations see pdf below
Attached File(s)
File Type: pdf Terminos Trading.pdf   343 KB | 644 downloads
  • #587,003
  • Mar 30, 2021 6:23am Mar 30, 2021 6:23am
trade what you see , btw happy tuesday and cheer up
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #587,004
  • Mar 30, 2021 6:23am Mar 30, 2021 6:23am
Quoting xDREx
{quote} Indeed, its a great contribution. For anyone having difficulty with the terminology abbreviations see pdf below {image}
Thanks for sharing ! Number of downloads will tell us how many are interested.
Fools Rushing
  • #587,005
  • Mar 30, 2021 6:24am Mar 30, 2021 6:24am
Quoting JayBag
{quote} Hi Benton, Spike Lee = Bullish Move Liu Kang = Bearish Move We decided to coin new phrases. Nothing hectic SS
JayBag, thank you very much for the explanation!
  • #587,006
  • Mar 30, 2021 6:26am Mar 30, 2021 6:26am
Just waiting to see if 93.2 resistance becomes a top (temporary or otherwise) for dxy. If it holds GU can pop, if it breaks we continue bearish. It's hard to say, the dollar has been very bullish I'm reluctant to confidently call any tops.
  • #587,007
  • Mar 30, 2021 6:26am Mar 30, 2021 6:26am
Calling Mr Lee emergency calling Mr Lee!
Insane in the Brain..
  • #587,008
  • Mar 30, 2021 6:26am Mar 30, 2021 6:26am
Quoting MTF Test
{quote} My Sole Opinion : You are commentator than a analyzer. You seem to have a unique skill set where newbies perhaps the other can benefit of. I humbly suggest to consider your wordings to be full instead of abbreviation where a new trader would understand. I find you analysis as diplomatic, nor buy or sell which is indeed a skill of a pro trader. Good work has to be recognized. Cheers !
Thank you for your comments. A threaded forum such as this is not the best format to post timely comments hence the abbreviations....you need to refresh the browser so often and can easily miss something so I do try to post ahead of something forming or price reaching a potential supp or res zone. Perhaps the glossary below will help,? hope so.

Sbr = support becomes resistance
Rbs = resistance becomes support
Supp = support
Res = resistance
Pot = potential
Prev = previous

Referring to 3 candle fractals that form the previous swing hi or lo zones:
Sw = swing
Lo = low
Hi = high
x 2 = 2 fractal swings at a potential supp/res/sbr/rbs zone

Referring to trend lines:
Asc = ascending/rising
Desc = descending/falling

Referring to pip ranges:
Adr = average daily range
Awr = average weekly range
Amr = average monthly range

Other:
G/M = Good morning
G/L = good luck
Trader with an Edge.
  • #587,009
  • Mar 30, 2021 6:32am Mar 30, 2021 6:32am
Quoting mysterio
Just waiting to see if 93.2 resistance becomes a top (temporary or otherwise) for dxy. If it holds GU can pop, if it breaks we continue bearish. It's hard to say, the dollar has been very bullish I'm reluctant to confidently call any tops.
from the my IG screen it seems DXY seems to have just dropped to below 93.2 let’s see how that translates onto cable
Insane in the Brain..
  • #587,010
  • Mar 30, 2021 6:32am Mar 30, 2021 6:32am
My past experience teaches me this: When the market "should" go one direction but actually resists going, it will finally end up going the other direction. This is happening right now.

Yields goes up, dxy goes up, eur goes down, the GU "should" goes down as well, but in fact GU resists going down. This indicates GU would go up in the end! So I go long now.

Yesterday, the same thing happened, but I forgot this, that is why I got beaten by the market yesterday!
  • #587,011
  • Mar 30, 2021 6:37am Mar 30, 2021 6:37am
Quoting BeeTogether
{quote} from the my IG screen it seems DXY seems to have just dropped to below 93.2 let’s see how that translates onto cable
Meh, starting to come to the conclusion I should have just held short instead of trying to time it
  • #587,012
  • Mar 30, 2021 6:38am Mar 30, 2021 6:38am
Whos got Mr lee phone number? Call to see if he is ok
  • #587,013
  • Mar 30, 2021 6:39am Mar 30, 2021 6:39am
Quoting littspaniard
short. {image}
Stop loss at even
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The only constant is change
  • #587,014
  • Mar 30, 2021 6:39am Mar 30, 2021 6:39am
Quoting mysterio
{quote} Meh, starting to come to the conclusion I should have just held short instead of trying to time it
I think the dollar is just too strong with all the worry about the pandemic.
  • #587,015
  • Mar 30, 2021 6:40am Mar 30, 2021 6:40am
... found res on the shallow pullback from prev 1hr sw lo x 2 zone @ the prev 5min sw lo zone = prev supp = pot sbr (3min bearish hidden div there) ...price now approaching that prev 4hr tweezers top zone now, (pot rbs?)...Dly S1 @ 3728. 4hr below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #587,016
  • Mar 30, 2021 6:40am Mar 30, 2021 6:40am
Quoting mysterio
{quote} Meh, starting to come to the conclusion I should have just held short instead of trying to time it
and then boom DXY goes up lol
Insane in the Brain..
  • #587,017
  • Mar 30, 2021 6:40am Mar 30, 2021 6:40am
Quoting MTF Test
Pair is heading down IMO. Wait for confirmation before entry {image}
what about gold?
are you still in a SELL?
thank you
dolce vita
  • #587,018
  • Mar 30, 2021 6:41am Mar 30, 2021 6:41am
Quoting Wavegarrick
{quote} 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 {image}
Hi Guys,
Gu starting to tick all the correct boxes from a daily perspective for a downward continuation move.
Trade safe,
Cheers.
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Trade to trade another day
  • #587,019
  • Mar 30, 2021 6:44am Mar 30, 2021 6:44am
Quoting BeeTogether
{quote} and then boom DXY goes up lol
I get so frustrated whenever I see anyone refer to DXY! Its 55% EURO!!! It doesn't mean s***.

If I own a car and I need to buy new wheels, would I go to a dealership that is 10% car tyres, 10% motorbike, 10% office chair, 20% roller blades and 50% airplane?!
  • #587,020
  • Mar 30, 2021 6:44am Mar 30, 2021 6:44am
Quoting Moty
THE best entry is to wait for a break of last hourly low , and better to wait for london open as long as price is below the bands {image}
give 1 point for the crooks
they fooled me again
back to aussi
Attached Image (click to enlarge)
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yes yes yes
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