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Cable Update (GBPUSD)

  • #588,541
  • Apr 8, 2021 5:33am Apr 8, 2021 5:33am
[email protected]
[email protected]
[email protected]
  • #588,542
  • Apr 8, 2021 5:36am Apr 8, 2021 5:36am
Quoting ChiForex
I'll state a simple lesson for all traders to learn from as many still repeating same mistakes resulting in loosing lot of money! When I said 1.3720s monthly support, you never go selling there before the level was even breached nor based below, doing so is stupid trading and lack of basic trading knowledge. Also, a wiser strategy than waiting for a break then base below is by never attacking a support from the same level of support but attacking it by placing sells way above it. In GU case, you had lot of opportunities to do so at 1.3840s and price...
If youre trading at S/r then youre trading the swing. But for newer traders yes attacking s/r from above/below with the momentum is probably the best way indeed.
  • #588,543
  • Apr 8, 2021 5:38am Apr 8, 2021 5:38am
[quote=gatenio;13486567]
Quoting babayaga
{quote} gold is a shit! i can't figure out what is the structure since the double bottom, so i just monitoring it. lost 1000 dollars tying to short it

Gold will likely to drop at least to 1737
  • #588,544
  • Apr 8, 2021 5:42am Apr 8, 2021 5:42am
Quoting Kaysole
[email protected] [email protected] [email protected]

im thinking of long too but will wait for a clearer entry 13720-30
Insane in the Brain..
  • #588,545
  • Apr 8, 2021 5:42am Apr 8, 2021 5:42am
[quote=Ihlas;13486583]
Quoting gatenio
{quote} Gold will likely to drop at least to 1737
maybe. this is not a move that can affect on the structure.
cant trade it ATM
  • #588,546
  • Apr 8, 2021 5:47am Apr 8, 2021 5:47am
[quote=gatenio;13486588]
Quoting Ihlas
{quote} maybe. this is not a move that can affect on the structure. cant trade it ATM

I see you have you own structure and plan. But long term bias is up untill we hit 1764
  • #588,547
  • Apr 8, 2021 5:48am Apr 8, 2021 5:48am
Quoting BeeTogether
{quote} im thinking of long too but will wait for a clearer entry 13720-30
Yeah, I wanted to get in sooner at a cheaper price, but frankly I've lost my rhythm recently and been a little shaky in pulling the trigger.
  • #588,548
  • Apr 8, 2021 5:51am Apr 8, 2021 5:51am
Quoting Kaysole
{quote} Yeah, I wanted to get in sooner at a cheaper price, but frankly I've lost my rhythm recently and been a little shaky in pulling the trigger.
Me too have lost many pips for going in too late
Insane in the Brain..
  • #588,549
  • Apr 8, 2021 5:55am Apr 8, 2021 5:55am
If case of price is consolidating above the local resistance @ 1.3847 long positions are valid with target at 1.3996.

If the price falls and consolidates below the local support @ 1.3718 short position are valid with the target at 1.3540.
Attached Image (click to enlarge)
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We cut the winners short and let the losers run.
  • #588,550
  • Apr 8, 2021 5:55am Apr 8, 2021 5:55am
Quoting BeeTogether
{quote} Me too have lost many pips for going in too late
At least you're losing pips because of going in too late...I've been losing pips because of picking the wrong direction.

I sincerely miss the Brexit times...
  • #588,551
  • Apr 8, 2021 5:58am Apr 8, 2021 5:58am
Attached Image (click to enlarge)
Click to Enlarge Name: dx.png Size: 43 KB
yes yes yes
  • #588,552
  • Apr 8, 2021 6:06am Apr 8, 2021 6:06am
Quoting Moty
{image}
Hopefully in 2hrs will hit 3680....

added your ema 200 method for me to take correct direction trade...
Peace Yo!
  • #588,553
  • Apr 8, 2021 6:08am Apr 8, 2021 6:08am
Quoting mysterio
{quote} Yea I got in short at the top of that stop hunt at LO
Nice one. I like EU but it moves so slowly sometimes I have to check to make sure my internet connection is still working . Can see EU dropping to .50 and below as the ADR is still available.
  • #588,554
  • Apr 8, 2021 6:09am Apr 8, 2021 6:09am
Quoting mrluckystar
{quote} Hopefully in 2hrs will hit 3680.... added your ema 200 method for me to take correct direction trade...
Needs to get below, and stay below the daily open first. Would like to see 1.37 today.
  • #588,555
  • Apr 8, 2021 6:13am Apr 8, 2021 6:13am
Quoting ia1979
{quote} Nice one. I like EU but it moves so slowly sometimes I have to check to make sure my internet connection is still working . Can see EU dropping to .50 and below as the ADR is still available.
Yea can be a slow burner. I'm expecting a decent drop though. Cable is by far the superior pair but haven't seen anything I like today.
  • #588,556
  • Apr 8, 2021 6:13am Apr 8, 2021 6:13am
Quoting Kaysole
{quote} At least you're losing pips because of going in too late...I've been losing pips because of picking the wrong direction. I sincerely miss the Brexit times...
lol Those days cost me lots of money

Cable needs to hit the rising trend line near 1373 so I can go north
Attached Image (click to enlarge)
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Insane in the Brain..
  • #588,557
  • Apr 8, 2021 6:16am Apr 8, 2021 6:16am
1.3759 is resistance now. and 1.3702 is support
  • #588,558
  • Apr 8, 2021 6:23am Apr 8, 2021 6:23am
[quote=Ihlas;13486593]
Quoting gatenio
{quote} I see you have you own structure and plan. But long term bias is up untill we hit 1764
cant argue. even 1800 by magnetic lines.
im waiting, i will fish when i can
  • #588,559
  • Apr 8, 2021 6:30am Apr 8, 2021 6:30am
Enter small short 3744
tp 3700
sl if 1h close above 3750
  • #588,560
  • Apr 8, 2021 6:52am Apr 8, 2021 6:52am
Quoting gatenio
Enter small short 3744 tp 3700 sl if 1h close above 3750
not look good, but i will keep it
and add another at 3762, same size
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