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Cable Update (GBPUSD)

  • #588,761
  • Apr 9, 2021 4:35am Apr 9, 2021 4:35am
Quoting phd893
{image}
https://www.mql5.com/en/charts/13748...-group-limited
  • #588,762
  • Apr 9, 2021 4:41am Apr 9, 2021 4:41am
Quoting parshal
{quote} Perhaps that's the next step and not outside the box. First let it fall until at least 1.3650...then your chart can depict the next story
im not guessing what is the next story, and especially doesn't come with prejudices of any trading method\TA.
don't ignore other potential scenarios.

nothing special for me at 3650 beside AB=CD 1.27 , 3530-3600 is the real deal area.
  • #588,763
  • Apr 9, 2021 4:51am Apr 9, 2021 4:51am
the price is near major supply . its wasted if price didnt take down 1.3600 first . the PA wouldn`t do that . price always seek nearby .
lets patient sell until get that area XD . no long for a while
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #588,764
  • Apr 9, 2021 5:00am Apr 9, 2021 5:00am
if 1.3670 hold today ,it is real support ,i think we could reach 1.3760 and 1.3800 ..fibo 38 and 50
  • #588,765
  • Apr 9, 2021 5:02am Apr 9, 2021 5:02am
Hey 1.3540, see you soon!
We cut the winners short and let the losers run.
  • #588,766
  • Apr 9, 2021 5:04am Apr 9, 2021 5:04am
We have doji in tf h4 , still better if demand coming with strong power , so that it creates a demand area if there is 1 more bullish candle with a large body ... but all depend on smart money
Attached Image (click to enlarge)
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The Average Discount Everything
  • #588,767
  • Apr 9, 2021 5:06am Apr 9, 2021 5:06am
Maybe I’m naive but unless there is a need for a drop to 135-136 when in terms of GBP economics things are better than they were in December , January. Whilst there may be a slight drop I can’t see being in bearish mode for too long.
Insane in the Brain..
  • #588,768
  • Apr 9, 2021 5:11am Apr 9, 2021 5:11am
Quoting BeeTogether
Maybe I’m naive but unless there is a need for a drop to 135-136 when in terms of GBP economics things are better than they were in December , January. Whilst there may be a slight drop I can’t see being in bearish mode for too long.
Dunno man. We're in the worst recession since the war of Spanish succession in the 1700s. Businesses closing at record rates and unemployment skyrocketing. Unsustainable levels of debt. a government that's happy to put it's entire citizenry under house arrest at the drop of a hat. A problematic vaccine that's giving people blood clots. Wait 'til furlough ends that's when the real shit hits the fan.
  • #588,769
  • Apr 9, 2021 5:11am Apr 9, 2021 5:11am
the drop is here
Attached Image(s) (click to enlarge)
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yes yes yes
  • #588,770
  • Apr 9, 2021 5:13am Apr 9, 2021 5:13am
Beautiful movements down.

But I need to exercise my patience a little longer

If only it wouldnt be at the bottom an endless range and multi tested support !

If only price had remained well under it...

Waiting for moves below 3666 to take selling seriously

We are so lucky to be able to look both ways, right ?

For now, Buy stop @ 37333 TP1 : 3778 move half to breakeven, TP2 : 1.4 minimum

SL below the low.

Looking for sells below 366666666
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #588,771
  • Apr 9, 2021 5:28am Apr 9, 2021 5:28am
Quoting mysterio
{quote} Dunno man. We're in the worst recession since the war of Spanish succession in the 1700s. Businesses closing at record rates and unemployment skyrocketing. Unsustainable levels of debt. a government that's happy to put it's entire citizenry under house arrest at the drop of a hat. A problematic vaccine that's giving people blood clots. Wait 'til furlough ends that's when the real shit hits the fan.
i agree with you there however the signs of us coming out strongly are there too.. which weren’t there in feb when we hit 142
Insane in the Brain..
  • #588,772
  • Apr 9, 2021 5:29am Apr 9, 2021 5:29am
Quoting mtako
Beautiful movements down. But I need to exercise my patience a little longer If only it wouldnt be at the bottom an endless range and multi tested support ! If only price had remained well under it... Waiting for moves below 3666 to take selling seriously We are so lucky to be able to look both ways, right ? For now, Buy stop @ 37333 TP1 : 3778 move half to breakeven, TP2 : 1.4 minimum SL below the low. Looking for sells below 366666666
the down move will end at 1.366660
you need no sell the break of last hourly low , that was broke
Attached Image (click to enlarge)
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yes yes yes
  • #588,773
  • Apr 9, 2021 5:39am Apr 9, 2021 5:39am
Quoting Moty
{quote} the down move will end at 1.366660 you need no sell the break of last hourly low , that was broke {image}

in regards to my own strategies, probabilities, mm..., support not broken.

Its got to stay below the support for it to have any value for me,

it could very well be where the move will end, but im not in the business of predicting; am and be just reacting.

And as I said, I d consider sells dependent on moves below that price, not selling at that price.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #588,774
  • Apr 9, 2021 5:46am Apr 9, 2021 5:46am
Quoting mtako
{quote} in regards to my own strategies, probabilities, mm..., support not broken. Its got to stay below the support for it to have any value for me, it could very well be where the move will end, but im not in the business of predicting; am and be just reacting. And as I said, I d consider sells dependent on moves below that price, not selling at that price.
yes , you are right , i figured it out finally
1.36696 is massive support , will spikes gu for the rest of the day
long gold for 10 pts
long gu tp open
dx is week
Attached Image(s) (click to enlarge)
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yes yes yes
  • #588,775
  • Apr 9, 2021 5:48am Apr 9, 2021 5:48am
Quoting BeeTogether
Maybe I’m naive but unless there is a need for a drop to 135-136 when in terms of GBP economics things are better than they were in December , January. Whilst there may be a slight drop I can’t see being in bearish mode for too long.

I don't think big investors are going to see what the economic situation is at that exact moment. It would be too easy, and they would always be late.
It was assumed that the outlook and economic situation of April was better than that one of December

If you want to think like them, you have to think many months ahead. That moves the markets. Not what is going on today, but what is done today and what effect it will have next 6 or 12 months, or more


IMHO
  • #588,776
  • Apr 9, 2021 5:58am Apr 9, 2021 5:58am
Quoting Moty
{quote} yes , you are right , i figured it out finally 1.36696 is massive support , will spikes gu for the rest of the day long gold for 10 pts long gu tp open dx is week {image} {image}
but use sl when you can or take partial profit to end the week with a smile.
gu is whole one big gift this week
  • #588,777
  • Apr 9, 2021 5:59am Apr 9, 2021 5:59am
Quoting mysterio
{quote} Yea i'm also watching 1.372x-3x for more selling
Tapped into this supply now. Dunno though, dxy broken TL
  • #588,778
  • Apr 9, 2021 6:03am Apr 9, 2021 6:03am
Quoting mysterio
{quote} Tapped into this supply now
That area is not cracking up... could be a sign of downturn
although a break above 13730 would be very welcome
Insane in the Brain..
  • #588,779
  • Apr 9, 2021 6:04am Apr 9, 2021 6:04am
Anyone else having a problem with their profile l?
Follow The Markets Structure - Patience and Discipline
  • #588,780
  • Apr 9, 2021 6:07am Apr 9, 2021 6:07am
Quoting pipfarm
Anyone else having a problem with their profile l?
Only see last 5 notifications. Didn't notice anything other so far
Air force
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