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Cable Update (GBPUSD)

  • #588,321
  • Apr 7, 2021 5:25am Apr 7, 2021 5:25am
GBPUSD has been in an uptrend since March 2020. Currently, we seem to be in a consolidation pattern for the past six weeks or so. I would expect the uptrend to continue at some point soon, as Covid's impact is held back by the UK's very successful vaccination program. Especially when compared to their European neighbours, who are now imposing more Covid lockdowns. 1.40 will be an interesting price to watch, and we may find some resistance there.
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  • #588,322
  • Apr 7, 2021 5:29am Apr 7, 2021 5:29am
Quoting Sang.Real
GU Set up using Support and Resistant. If 1.38000 can hold, will be scalping long at NY. Meanwhile, any comment are welcome for educational purposes. Thank You {image}
3838 to 3850 is resistance.

break of it more.

to me, the resistance will hold
Intraday only.
  • #588,323
  • Apr 7, 2021 5:31am Apr 7, 2021 5:31am
Quoting Sang.Real
GU Set up using Support and Resistant. If 1.38000 can hold, will be scalping long at NY. Meanwhile, any comment are welcome for educational purposes. Thank You {image}
Bro you better scalp shorts with the trend..look how many bounces so far from 1.3830s, you were enough for the day..

Your buy level might not be reached except later when you would not want to have an order at that time..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #588,324
  • Apr 7, 2021 5:33am Apr 7, 2021 5:33am
now it's time for weekly r3 to work for me
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yes yes yes
  • #588,325
  • Apr 7, 2021 5:36am Apr 7, 2021 5:36am
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  • #588,326
  • Apr 7, 2021 5:44am Apr 7, 2021 5:44am
Another small range period. Shorts need a drop below 13820 and when I mean drop a significant one
Insane in the Brain..
  • #588,327
  • Apr 7, 2021 5:52am Apr 7, 2021 5:52am
The breakout on GBPUSD might be a false breakout. If it goes beyond 1.38408. then our target is 1.39 area
  • #588,328
  • Apr 7, 2021 5:59am Apr 7, 2021 5:59am
Quoting mysterio
{image}
Bear time

Hopefully someone got in
  • #588,329
  • Apr 7, 2021 6:01am Apr 7, 2021 6:01am
Quoting mysterio
{image}

IMHO Aggressive sell/2X Smarter sell
  • #588,330
  • Apr 7, 2021 6:02am Apr 7, 2021 6:02am
Quoting navk
{quote} 3838 to 3850 is resistance. break of it more. to me, the resistance will hold

Thanks Navk.

I keep that in mind in trading.

Keep up the good work to help newbie here.

Don't help Moty, she made so much money yesterday and today.

Got to leave some for others too...
  • #588,331
  • Apr 7, 2021 6:02am Apr 7, 2021 6:02am
i wonder what strategy goes good with gbpusd , it ranges a lot
  • #588,332
  • Apr 7, 2021 6:02am Apr 7, 2021 6:02am
Quoting mysterio
{quote} Bear time Hopefully someone got in
Not before NY I think...
Trade to enjoy... Money is after!
  • #588,333
  • Apr 7, 2021 6:04am Apr 7, 2021 6:04am
Quoting Ihlas
{quote} IMHO Aggressive sell/2X Smarter sell

Yea, fair enough. I meant safer rather than smarter, actually. Normally I would start at the top then add more on the second entry. Just looking at the trajectory it would have only yielded 4 more pips though so not worth it for me, i only took the second entry.
  • #588,334
  • Apr 7, 2021 6:05am Apr 7, 2021 6:05am
Quoting mysterio
{quote} Bear time Hopefully someone got in
I’m in ! Looking to get 20 odd pip scalps
Insane in the Brain..
  • #588,335
  • Apr 7, 2021 6:05am Apr 7, 2021 6:05am
1.3520 zone now in view. Prices heading downwards
Keep the Lights on then you can catch the rise from the dark.
  • #588,336
  • Apr 7, 2021 6:05am Apr 7, 2021 6:05am
Quoting mysterio
{quote} Yea, fair enough. I meant safer rather than smarter, actually. Normally I would start at the top then add more on the second entry.

Wish you two baskets of pips
  • #588,337
  • Apr 7, 2021 6:05am Apr 7, 2021 6:05am
Quoting BeeTogether
Another small range period. Shorts need a drop below 13820 and when I mean drop a significant one
you mean something like this ?

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Inserted Video
yes yes yes
  • #588,338
  • Apr 7, 2021 6:08am Apr 7, 2021 6:08am
Quoting ChiForex
{quote} Bro you better scalp shorts with the trend..look how many bounces so far from 1.3830s, you were enough for the day.. Your buy level might not be reached except later when you would not want to have an order at that time..

Thanks ChiForex.

Great to see you helping newbie here.

I'm more to scalping styles of trades.

Some win , some lose.

Not particularly bias for BULL or BEAR.

Whenever I see the set up ( using SNR), I go for it for small scalp.

This is the trade I took today. Some are loser too in the trade.

I do scalp Short/Long today.

The marked yellow band is SNR level, i use it as the playing field for today.

Break above or below, it will set a different games.

Keep up the great work to help newbie, much appreciate your effort and time to post valuable info here.

Sincerely

Sang Real.


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P/s Do you know that Moty is a girl ?
  • #588,339
  • Apr 7, 2021 6:21am Apr 7, 2021 6:21am
Quoting BeeTogether
{quote} I’m in ! Looking to get 20 odd pip scalps
Nice! Whats your target?

I think bears should be looking to break the last low around 1.3770

But you can't go far wrong scalping 20-40 pips from GU every day (with 10 pips SL) and compounding. It always gives you that. Then some days you can get an easy 150 pips then some rare days nothing. Depends how much time you have to sit in front of the screen
  • #588,340
  • Apr 7, 2021 6:22am Apr 7, 2021 6:22am
Quoting Moty
{quote} you mean something like this ? {image}{image} https://www.youtube.com/watch?v=mBS0...el=cowboy58824
exactamundo!! Although the damn thing has retraced a bit. Flood gates below 138 need to open
Insane in the Brain..
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