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Cable Update (GBPUSD)

  • #589,721
  • Apr 15, 2021 5:31pm Apr 15, 2021 5:31pm
Attached Image (click to enlarge)
Click to Enlarge Name: 300 GBPUSD 4 hours.png Size: 88 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #589,722
  • Apr 15, 2021 7:12pm Apr 15, 2021 7:12pm
GU 4Hr Chart Long

Attached Image (click to enlarge)
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SPC * Swollen PocketZ Crew!
  • #589,723
  • Apr 15, 2021 7:43pm Apr 15, 2021 7:43pm
Quoting KiwiTrada
{quote} there is equal bull signs? it is compressing, BO either way will be violent and quick, 4hr same chart is mostly wicks and legs, very dangerous to trade, unless trading the compression range, my Cad was only mover last night!!!! :-) makes sense as was only cad usd data!!!
cad preparing for another push North???
If you are new to Forex? Say Goodbye to your account!!
  • #589,724
  • Apr 15, 2021 7:50pm Apr 15, 2021 7:50pm
Quoting JoeNY
GU 4Hr Chart Long {image}
sl is???
If you are new to Forex? Say Goodbye to your account!!
  • #589,725
  • Apr 15, 2021 7:51pm Apr 15, 2021 7:51pm
Quoting KiwiTrada
{quote} cad preparing for another push North???
I went long a little 15 mins ago.
Risky tokyo session.
Trade to enjoy... Money is after!
  • #589,726
  • Apr 15, 2021 8:03pm Apr 15, 2021 8:03pm
Quoting KiwiTrada
{quote} sl is???
The low this morning and it's getting pretty close to it with that dip.
SPC * Swollen PocketZ Crew!
  • #589,727
  • Apr 15, 2021 8:21pm Apr 15, 2021 8:21pm
the trade from hell is close
Attached Image(s) (click to enlarge)
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yes yes yes
  • #589,728
  • Apr 15, 2021 8:40pm Apr 15, 2021 8:40pm
Quoting Moty
the trade from hell is close {image} {image}
haha mot , at least no loss in trade.
price move up down still ranging 1.37500 - 1.38000 ( i wonder how to break side by side today )
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #589,729
  • Apr 15, 2021 8:43pm Apr 15, 2021 8:43pm
Quoting mtako
Managed to safely enter again at 34, watching 40-50 level carefully. Another failure and this could be it for the bulls for a while... And good selling opportunities will arise again. Waiting for middle of range to be above 3750 to consider more longs. Soonest will probably be tomorrow, but you never know !
I managed to get 3 good long entries on monday that survived till now, but now I have to watch out for them again ! GOt a nice break today though

My system still considers the current situation the bottom of a range; because of lows from yesterday and so on..

Till price goes back up to the 60s-70s, fails to break through to remain in the 70s-80s, then falls back to this low,
Or Till price goes straight back to mondays low levels,
I am still looking mainly for longs for the long term, 1.4 minimum, and scalping the range both ways.

Looking more serious at shorting when this correction, if it is just a correction, clearly ends.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #589,730
  • Apr 15, 2021 8:55pm Apr 15, 2021 8:55pm
Quoting JoeNY
GU 4Hr Chart Long {image}
Not sure what the hell that dip was. Broke the past day low. Buying in again now re-entry

edit: Forgot to include -13 on that dip
SPC * Swollen PocketZ Crew!
  • #589,731
  • Edited 9:19pm Apr 15, 2021 9:04pm | Edited 9:19pm
my hand was itchy , i add buy position on range market 1.37500 area to 1.38000 again XD

seem the price gonna break below soon , fragile one XD omg daily and H4 also see bear rampage
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #589,732
  • Apr 15, 2021 9:19pm Apr 15, 2021 9:19pm
So, is it time to buy or still have targets down!!
  • #589,733
  • Apr 15, 2021 9:21pm Apr 15, 2021 9:21pm
Looking short till 1.3730 then will be watching it’s reaction as that’s where a key 4hr pool will be cleared with a confluence right near the bottom of the daily ADR. With that being so expect it to be a key reaction zone, it will either reject and continue its bullish movement or fall through to at least 1.3694 where the next pool would begin.

-Prophet
  • #589,734
  • Apr 15, 2021 9:48pm Apr 15, 2021 9:48pm
Quoting Naabde
So, is it time to buy or still have targets down!!
i buy at ranging market 1.38000 - 1.37500 , so i risk low XD
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #589,735
  • Apr 15, 2021 9:48pm Apr 15, 2021 9:48pm
Quoting JoeNY
{quote} The low this morning and it's getting pretty close to it with that dip.
ok, your r/r not so good, 4hrly trade range for last 44hrs has been east r @ 1 38o7 s @ 1 3760- 1 3750, your long seem to be smack in middle of range, was just odd, was why I asked
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  • #589,736
  • Apr 15, 2021 9:54pm Apr 15, 2021 9:54pm
Waiting for volatility to build up over a period of minimum 45min and then will look to buy around 3765 or higher. PUtting alarms, taking my ninth nap of the day !

See all the work I put in for my friends who dont read
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #589,737
  • Apr 15, 2021 9:55pm Apr 15, 2021 9:55pm
GBP/USD 4 H
Attached Image (click to enlarge)
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The 4-hour chart shows that it is ranging just above its 20 and 100 SMAs, which anyway lack directional strength. The Momentum aims higher within positive levels, while the RSI consolidates around 55, both far from signaling a downward move ahead. Still, the pair needs to clear the 1.3815 level to become attractive for bulls.
  • #589,738
  • Apr 15, 2021 9:58pm Apr 15, 2021 9:58pm
Quoting kris89
my hand was itchy , i add buy position on range market 1.37500 area to 1.38000 again XD seem the price gonna break below soon , fragile one XD omg daily and H4 also see bear rampage
I dont understand you see bear "rampage" 4hr and daily, and yet you buy??? I accept you buy supoort of hrly & 4hrly range, but sometimes it pays to put itchy finger under bum and wait, dont need to try catch every possible trade, very old good saying" better to be out of a good trade than in a bad one" daily she is flirting with the ltl of rising channel aka bearflag, if it breaks she will plummet, if she holds rising channel still in play, this situation is better to sell top of range than buy bottom
If you are new to Forex? Say Goodbye to your account!!
  • #589,739
  • Apr 15, 2021 10:03pm Apr 15, 2021 10:03pm
Quoting segarann
GBP/USD 4 H {image} The 4-hour chart shows that it is ranging just above its 20 and 100 SMAs, which anyway lack directional strength. The Momentum aims higher within positive levels, while the RSI consolidates around 55, both far from signaling a downward move ahead. Still, the pair needs to clear the 1.3815 level to become attractive for bulls.
Or below 1.3750 for shorts.
We cut the winners short and let the losers run.
  • #589,740
  • Apr 15, 2021 10:06pm Apr 15, 2021 10:06pm
Quoting KiwiTrada
{quote} I dont understand you see bear "rampage" 4hr and daily, and yet you buy??? I accept you buy supoort of hrly & 4hrly range, but sometimes it pays to put itchy finger under bum and wait, dont need to try catch every possible trade, very old good saying" better to be out of a good trade than in a bad one" daily she is flirting with the ltl of rising channel aka bearflag, if it breaks she will plummet, if she holds rising channel still in play, this situation is better to sell top of range than buy bottom
yes haha , im buying at dips around 1.37500 area , sl with below 1.37400 area for make case if break below . still ping pong to 1.38000.
just curious if its make new higher low then you know what should do
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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