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Cable Update (GBPUSD)

  • #587,961
  • Apr 5, 2021 9:36am Apr 5, 2021 9:36am
Quoting navk
expecting a big bullish move in the coming days. No way to short on higher TF. However, on lower TF, I can take short.
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yes yes yes
  • #587,962
  • Apr 5, 2021 9:38am Apr 5, 2021 9:38am
Quoting Moty
{quote} {image}{image}
I Went short exactly at the same point.
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Fingers crossed.
  • #587,963
  • Apr 5, 2021 9:40am Apr 5, 2021 9:40am
Shorts
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The only constant is change
  • #587,964
  • Apr 5, 2021 9:40am Apr 5, 2021 9:40am
Quoting NotAtrader
{quote} Good call buddy PS: It looks like you didn’t pay attention to the COT numbers or you probably just know how to use them. Cheers
I stopped using COT, since those numbers were only fooling me. They are pretty much a week behind and I couldn't use them to my advantage. I am sure someone can trade just by them, but I can't.
Everyone can see the chart, but only a few can actually read it.
  • #587,965
  • Apr 5, 2021 9:41am Apr 5, 2021 9:41am
I think we will see another to breach 1.39....I want 1.40 for selling!
  • #587,966
  • Apr 5, 2021 9:45am Apr 5, 2021 9:45am
Quoting OnlineAddict
{quote} I stopped using COT, since those numbers were only fooling me. They are pretty much a week behind and I couldn't use them to my advantage. I am sure someone can trade just by them, but I can't.
Wise decision
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #587,967
  • Apr 5, 2021 9:51am Apr 5, 2021 9:51am
1.3829-30 is a strong SUPP(kijun flat in H1) ... it may be touched during tomorrow
Price turnback to where, he escaped from there
  • #587,968
  • Apr 5, 2021 9:56am Apr 5, 2021 9:56am
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yes yes yes
  • #587,969
  • Apr 5, 2021 10:06am Apr 5, 2021 10:06am
Today's upward price movement has reached its target, the price may be corrected to go up again tomorrow
The Average Discount Everything
  • #587,970
  • Apr 5, 2021 10:18am Apr 5, 2021 10:18am
Quoting kCBHk
I think we will see another to breach 1.39....I want 1.40 for selling!
Bears might only come in after 1.3963.
  • #587,971
  • Apr 5, 2021 10:20am Apr 5, 2021 10:20am
Quoting kCBHk
I think we will see another to breach 1.39....I want 1.40 for selling!
coming?
  • #587,972
  • Apr 5, 2021 10:21am Apr 5, 2021 10:21am
Quoting littspaniard
Shorts {image}
loss 9 pips
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The only constant is change
  • #587,973
  • Apr 5, 2021 10:22am Apr 5, 2021 10:22am
So what was the todays target and why?

Quoting hesron
Today's upward price movement has reached its target, the price may be corrected to go up again tomorrow
  • #587,974
  • Apr 5, 2021 10:25am Apr 5, 2021 10:25am
I have just added to my long at 1.3911 and move my sl to 1.3980 still open TP
  • #587,975
  • Apr 5, 2021 10:27am Apr 5, 2021 10:27am
Quoting Ihlas
{quote} Hi Coreg, I have a question if you could please answer. How many pips invalidate the pattern? Thank you in advance. I know why it didn't reverse there. I have one lesson learnt today. I was wrong about 27 pips wrong. The price will reverse at the round number.
Ihlas, when the analysis is done based on EW Principal, you need to take under consideration maximum levels for wave 5, especially after NR7 day (the narrowest range of the last 7 days).
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Always trade your own plan...I don't provide trading signals.
  • #587,976
  • Apr 5, 2021 10:36am Apr 5, 2021 10:36am
expecting a 60pip drop from 1.39100
Keep the Lights on then you can catch the rise from the dark.
  • #587,977
  • Apr 5, 2021 10:37am Apr 5, 2021 10:37am
Re-draw chart..shorts
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The only constant is change
  • #587,978
  • Apr 5, 2021 10:41am Apr 5, 2021 10:41am
Quoting Coreg2004
{quote} Ihlas, when the analysis is done based on EW Principal, you need to take under consideration maximum levels for wave 5, especially after NR7 day (the narrowest range of the last 7 days). {image}

Thank you!
I got the idea. I analyzed differently but it gives same results as EW. It gives the targets accurately. Today I learnt what I have missed. Thank you for your patience and time.
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  • #587,979
  • Apr 5, 2021 11:00am Apr 5, 2021 11:00am
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Price turnback to where, he escaped from there
  • #587,980
  • Apr 5, 2021 12:01pm Apr 5, 2021 12:01pm
sell area 1.3920-1.3940
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