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Cable Update (GBPUSD)

  • #589,901
  • Apr 16, 2021 10:41am Apr 16, 2021 10:41am
Quoting Nd10
Sell sell sell nowww now
I hope you are a billionaire now
#Stay blue. /swinger/scalper/
  • #589,902
  • Apr 16, 2021 10:43am Apr 16, 2021 10:43am
Quoting Ehminiz
{quote} I hope you are a billionaire now
No bro...he said sell 3x...so that makes him a trillionaire.
  • #589,903
  • Apr 16, 2021 10:44am Apr 16, 2021 10:44am
Quoting RunForexRun1
{quote} No bro...he said sell 3x...so that makes him a trillionaire.
Trade to enjoy... Money is after!
  • #589,904
  • Apr 16, 2021 10:46am Apr 16, 2021 10:46am
LoL
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  • #589,905
  • Apr 16, 2021 10:49am Apr 16, 2021 10:49am
Quoting voeltoez
LoL {image}
Wooohoooooo! Overtime!

I hope it's not a demo account though.
  • #589,906
  • Apr 16, 2021 10:53am Apr 16, 2021 10:53am
Quoting RunForexRun1
{quote} Wooohoooooo! Overtime! I hope it's not a demo account though.

Little lot position..more fun
  • #589,907
  • Apr 16, 2021 11:00am Apr 16, 2021 11:00am
LoL. Bearis is coming. 30mnt
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  • #589,908
  • Apr 16, 2021 11:02am Apr 16, 2021 11:02am
Quoting mysterio
{quote} {quote}
Lol. 1.40 is still valid. What say u
  • #589,909
  • Apr 16, 2021 11:03am Apr 16, 2021 11:03am
Quoting mysterio
{quote} {quote}
I chickened out of the buy though
  • #589,910
  • Apr 16, 2021 11:04am Apr 16, 2021 11:04am
Quoting voeltoez
LoL {image}
Hmm that's serious
  • #589,911
  • Apr 16, 2021 11:06am Apr 16, 2021 11:06am
Quoting voeltoez
{quote} Little lot position..more fun
Good luck to you and I hope you will harvest more green. As for me I'm still waiting before going short position for EU and GU...I am already excited for next week.
  • #589,912
  • Apr 16, 2021 11:09am Apr 16, 2021 11:09am
Quoting Wavegarrick
{quote} Hi Kingsleywan, I suspect another push to the upside, having said 1.38000 has been rejecting so we will have to see. As far as my cyclic signals go I remain to the upside. I am locked in both ways up and down. Gu has been stuck in a very narrow range and of course, my overall direction remains to the downside but not easy trading conditions. If you are in buy trades lock-in and wait for price to play out. Trade safe, Cheers, {image}
Hi Guys,
Nothing can be more frustrating than stops taken out, nevertheless the nature of GbpUsd. Patience will be the order of the day. I managed to get into 1 buy trade after the deep retrace. We are at my trendline which is from the 1.42413 high. anyway, these trend lines are subjective, so I leave it at that. I still have cyclic up moves from a daily perspective, and will surf it as such until the direction becomes more clear.
Have a great weekend,
Cheers.
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Trade to trade another day
  • #589,913
  • Edited 11:40am Apr 16, 2021 11:18am | Edited 11:40am
Quoting Nd10
{quote} Lol. 1.40 is still valid. What say u
Just messing bud

I see a sell at this level 1.382x, 1h supply zone, top of a 1h channel, some divergence showing. Because I made a good profit overnight I decided to stay out the market cause it's a Friday. Missed the buy on ADR. We're at the top of a daily channel so they may park here over the weekend.

Next week, we'll see, mixed feelings, siding towards more downside.

Market is buying up a lot of US treasuries currently so its putting a lot of downward pressure on the dollar but GU seems happy in its range for now. Market seems to be believing the Fed on their rate policy now. Not a big fan of H&S patterns (at all) but dxy looks like it might build one. Keeping an eye out for an up thrust either at this level or a bit lower (91.3-91.4).
  • #589,914
  • Apr 16, 2021 11:22am Apr 16, 2021 11:22am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #589,915
  • Apr 16, 2021 11:24am Apr 16, 2021 11:24am
Quoting Bones
{image}{image} {image}
What you thinking. Potential Dow sell off and Cable sell off?

I guess wait for the confirmation. It likes to wait around at these major turning points over the weekend
  • #589,916
  • Apr 16, 2021 11:58am Apr 16, 2021 11:58am
Quoting mtako
{quote} 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...

Hi all ! Well that was an exciting end of the week. Worked hard to get good longs in at bottom of established ranges all week. Entering systematically, apply the rules according to the strategy used and TF.



If this momentum can keep up and push the price above this important resistance area 1.382, bulls have a much better chance of retesting 1.4s, where I will probably take some profits or stay in.

1st Important thing for me now is that 1.3795 is not tested AT ALL.

Moved some SLs to 1.3796.

New buy stop at high of the day +2ticks, with same SL. Cancelled if .3808 is reached first.

Needs the momentum

NOW, 1.3796, very important level for me.

That level might look great to buy at, a nice several times tested resistance that has surely become support ? Well, maybe not

Price has been ranging long enough to need more than just one move above it.

For now, if that 1.3795 is reached before any more significant upmoves happen, it is just as probable that we are going back down further to the bottom of a new range, that can last just as long as the last.

UNLESS this momentum stays intact beyond the reach of this weeks range.

still going for minimum 1.4, watching out for how price acts around .3860s

If this is end of a beautiful pullback on the daily, this could go much much higher from here. But for that, it needs to break .3860s clean, or the bears will probably bring down further.
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #589,917
  • Apr 16, 2021 12:18pm Apr 16, 2021 12:18pm
Quoting mtako
{quote} .... NOW, 1.3796, very important level for me. That level might look great to buy at, a nice several times tested resistance that has surely become support ? Well, maybe not Price has been ranging long enough to need more than just one move above it. For now, if that 1.3795 is reached before any more significant upmoves happen, it is just as probable that we are going back down further to the bottom of a new range, that can last just as long as the last. UNLESS this momentum stays intact beyond the reach of this weeks range....
I see when I was writing to you I got an alert my buy was triggered. SL fixed till 3860, at which point it would be moved to BE.

here are a couple images for my post above. Sorry I am not as talented as our friend Moty !

Have a good weekend all of you, let your plan do the trading and thank you all very much for the laughs, point of views, and great company !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #589,918
  • Apr 16, 2021 1:04pm Apr 16, 2021 1:04pm
i am so unlucky
it's ok that price will go against me , but why so aggressive ,
and why it need to close in the high of the day , with no retracement along the way ,
to at least give me a chance to get out with a little loss ?
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yes yes yes
  • #589,919
  • Apr 16, 2021 1:05pm Apr 16, 2021 1:05pm
Quoting Moty
i am so unlucky it's ok that price will go against me , but why so aggressive , and why it need to close in the high of the day , with no retracement along the way , to at least give me a chance to get out with a little loss ? {image} {image}
i foolishly exited my buy and now stuck with sell
  • #589,920
  • Apr 16, 2021 1:13pm Apr 16, 2021 1:13pm
Quoting Moty
i am so unlucky it's ok that price will go against me , but why so aggressive , and why it need to close in the high of the day , with no retracement along the way , to at least give me a chance to get out with a little loss ? {image} {image}
It's Friday. It's a battle for closing price. At least you gain more experiences now. Don't fight the market.
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