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Cable Update (GBPUSD)

  • #588,801
  • Apr 9, 2021 7:29am Apr 9, 2021 7:29am
Quoting Moty
bulls trap!!!! the band is your friend {image} i managed to switched at the last second on the gold{image}


Cheap trap. Good luck surviving with such a trap bears. Good bulls dont fall for anything under 3733 !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #588,802
  • Apr 9, 2021 7:30am Apr 9, 2021 7:30am
Hi Folks !!
Take a look....
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"What is impossible with man is possible with God" - Luke 18:27
  • #588,803
  • Apr 9, 2021 7:34am Apr 9, 2021 7:34am
Quoting Sang.Real
{quote} Hi NAVK. How about the Resistant Level above ?. Price will likely to visit that zone if the 3730 cannot hold. Thanks for your reply. Regards Sang Real. {image}
to me 3730/35 is high
Intraday only.
  • #588,804
  • Edited 8:07am Apr 9, 2021 7:38am | Edited 8:07am
Quoting ChiForex
You never predict the movement before the actual price translate it to reality, then you base on what happens in fact not before! At past, bears were selling at 1.3720s when price didn't even break below 1.3720, and when it went up to 1.3790s they didn't sell. Now when price bounced back to 1.3720s without even touching 1.3730, bulls started buying at 1.3720s What were you doing at 1.3680 clear support you didn't buy with sl below previous low 1.3670 or even 1.3650??!! You are fun folks

Every movement has purpose. Understanding this gives you the sure price. If you wait for the confirmation, you can't drink juice of the market.
Who supports the price?
Could you please answer?
You can't predict, but you can know.
  • #588,805
  • Edited 8:25am Apr 9, 2021 7:39am | Edited 8:25am
Quoting navk
{quote} to me 3730/35 is high
3735 is looking far off today

i eat my words
Insane in the Brain..
  • #588,806
  • Apr 9, 2021 7:45am Apr 9, 2021 7:45am
Quoting BeeTogether
{quote} 3735 is looking far off today
yes
Intraday only.
  • #588,807
  • Apr 9, 2021 7:55am Apr 9, 2021 7:55am
Quoting Sang.Real
{quote} Hi NAVK. How about the Resistant Level above ?. Price will likely to visit that zone if the 3730 cannot hold. Thanks for your reply. Regards Sang Real. {image}

GU

Closed all

Wait for another set up


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  • #588,808
  • Apr 9, 2021 7:57am Apr 9, 2021 7:57am
Bought at 3700. Good chances 695 will hold on long enough for me to place it at BE. Low risk high reward potential.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #588,809
  • Apr 9, 2021 8:02am Apr 9, 2021 8:02am
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  • #588,810
  • Apr 9, 2021 8:08am Apr 9, 2021 8:08am
Quoting mtako
Bought at 3700. Good chances 695 will hold on long enough for me to place it at BE. Low risk high reward potential.
Nicely done
  • #588,811
  • Apr 9, 2021 8:11am Apr 9, 2021 8:11am
Quoting mtako
{quote} Cheap trap. Good luck surviving with such a trap bears. Good bulls dont fall for anything under 3733 !
the band is like mike tyson , everytime the gu go up , she knock him down
Attached Image (click to enlarge)
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this is the greatest band in the world , if i had took from the band i could enrd 50 % more
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yes yes yes
  • #588,812
  • Apr 9, 2021 8:11am Apr 9, 2021 8:11am
Quoting mtako
Bought at 3700. Good chances 695 will hold on long enough for me to place it at BE. Low risk high reward potential...
...

Waiting for moves below 3666 to take selling seriously
...

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

SL below the low.



faster than expected, nice ! SL at BE !

Still have my buy stop at 33, but it has unfortunately decreased in strength, meaning that if if is triggered, my SL would have to be tighter, probably around the average SL of both my 3700 and 3733, if the level is right.

Done planning for the day. Alarms in place.

Cheers all and happy trading !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #588,813
  • Apr 9, 2021 8:13am Apr 9, 2021 8:13am
My gold analysis working pretty good
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  • #588,814
  • Apr 9, 2021 8:13am Apr 9, 2021 8:13am
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.
Yeh, but we know how to party
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Don't trade what you think. Just what you see!!!
  • #588,815
  • Apr 9, 2021 8:14am Apr 9, 2021 8:14am
Quoting Moty
{quote} the band is like mike tyson , everytime the gu go up , she knock him down {image} this is the greatest band in the world , if i had took from the band i could enrd 50 % more{image}

I already noticed them, I like them a lot ! Nicer than my old keltner channel !

But really ? everytime ?
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #588,816
  • Apr 9, 2021 8:16am Apr 9, 2021 8:16am
Gold digger? Buy 1720/1728 and hold.
im already in with one small position
this is a pump area, it can develop to massive swing
1800? Will see
  • #588,817
  • Apr 9, 2021 8:16am Apr 9, 2021 8:16am
Quoting Ziemowit
{quote} just to make sure what u saying as dont fully understand your posts. break of 13750 will be impulse to go down ?
Break of 3750 would be the first indication of break of structure down trend on 1H , so that would mean more upside

3720 is support becomes resistance for current downtrend on 1H , however there is a larger structure break at 3700 with a larger single swing down so i would expect a push north at some point
Follow The Markets Structure - Patience and Discipline
  • #588,818
  • Apr 9, 2021 8:28am Apr 9, 2021 8:28am
Quoting Sang.Real
{quote} GU Closed all Wait for another set up {image}

GU

Quick Switch

Closed short

Scalp long.

Friday oh Friday...
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  • #588,819
  • Apr 9, 2021 8:28am Apr 9, 2021 8:28am
Stopped BE and sold 1.3734. Supply and top of 5m channel. Stop goes to BE asap and TP open for now.

Whoop out already. No bueno
  • #588,820
  • Apr 9, 2021 8:32am Apr 9, 2021 8:32am
Quoting parshal
As long as H4 is bearish..just my take on this If now it breaks below 1.3690 then it will reach at least 1.3645 Otherwise maximum retracement can happen until 1.3738
So it did retrace upto 1.373x
My observation may be wrong but intent correct. Stay calm!
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