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Cable Update (GBPUSD)

  • #590,101
  • Apr 19, 2021 7:21am Apr 19, 2021 7:21am
Quoting ChiForex
WOW 220 pips one direction in 2 trading days for what reason Support increased to 1.3850s initial and 1.3880s high defense that are on the weekly. Further resistance around 1.3950 and 1.40
Fundamental reasons my friend. This move is actually late. We should have seen it 1-2 weeks ago. But AstraZeneca news weakened GBP in 6th of April. Which delayed this move. Otherwise it was going up since 25th of March.
You have to have an IQ higher than 90 to interact with this user.
  • #590,102
  • Apr 19, 2021 7:25am Apr 19, 2021 7:25am
Quoting Nala66
{quote} You are looking at the bear divergences in an uptrend you should be looking at the bull divergences.

Thanks Nala.

That's is very excellent piece of advise from experienced trader and very important lesson from.

Thanks

  • #590,103
  • Apr 19, 2021 7:25am Apr 19, 2021 7:25am
Quoting Nordling00
{quote} Fundamental reasons my friend. This move is actually late. We should have seen it 1-2 weeks ago. But AstraZeneca news weakened GBP in 6th of April. Which delayed this move. Otherwise it was going up since 25th of March.
In that case, fundamentally dollar should as well climb due to multiple reasons lately
My observation may be wrong but intent correct. Stay calm!
  • #590,104
  • Apr 19, 2021 7:28am Apr 19, 2021 7:28am
Quoting Nordling00
{quote} You can't ride both. Narrow pip ranges are impossible to predict. You can only predict a direction, but you can't trade a narrow range. It will eventually lead to a disaster. Because i have been there & done that for 2 years and saw how it failed. 50 pips, or even 100 pips is nothing. I mean i am sure you will say you are doing it but tell me: For how long you are testing that strategy? How many trades have you lost and won? What is your success rate? If it is under 60-70 percent, try to look from a different perspective and attitude.

It's over 95%. I am looking at the market from very different perspective and attitude. Why very different? My own type of analysis like your own luck. Everything is possible asap you master it. Other 5% is being developed day by day.
First of all nothing can delay the price. Market is not random
  • #590,105
  • Apr 19, 2021 7:29am Apr 19, 2021 7:29am
Quoting Sang.Real
{quote} GU Add one more scalp to make price goes higher. Seller , please hang on to your trade, price will drop shortly once liquidity zone achieved. Moved Stop to secure place to lock position. {image}

GU


I will not close these trade, let it run or take me out in the process.

Place Stop to secure place.

Waiting for price to move sideway, before making its next set up.

It's a long day ( I mean a lot of long trade, only one short trade today).

Must wait for next set up at H4. I think , it will move side way

Attached Image (click to enlarge)
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  • #590,106
  • Apr 19, 2021 7:30am Apr 19, 2021 7:30am
Quoting parshal
{quote} In that case, fundamentally dollar should as well climb due to multiple reasons lately
Disagreed, there's no positive news about US Dollar's value. Even Jerome Powell, Chair of the FED, accepts this fact and says that they will continue these dovish policies.

If you mean US Stock Market, yes US Stocks will be bullish, but US Dollar is bearish.
You have to have an IQ higher than 90 to interact with this user.
  • #590,107
  • Apr 19, 2021 7:31am Apr 19, 2021 7:31am
Short 3937..
reason wave 5 extension 1.68
Peace Yo!
  • #590,108
  • Apr 19, 2021 7:33am Apr 19, 2021 7:33am
Quoting Ihlas
{quote} It's over 95%. I am looking at the market from very different perspective and attitude. Why very different? My own type of analysis like your own luck. Everything is possible asap you master it. Other 5% is being developed day by day. First of all nothing can delay the price. Market is not random
If that's right, -although i highly suspect it- then whatever floats your boat mate. Good luck
You have to have an IQ higher than 90 to interact with this user.
  • #590,109
  • Apr 19, 2021 7:34am Apr 19, 2021 7:34am
Quoting Nala66
{quote} You are looking at the bear divergences in an uptrend you should be looking at the bull divergences.
Thanks for the valuable advise.
Does it mean there are none divergences seen currently for a reversal down?
My observation may be wrong but intent correct. Stay calm!
  • #590,110
  • Apr 19, 2021 7:40am Apr 19, 2021 7:40am
Quoting Sang.Real
{quote} GU I will not close these trade, let it run or take me out in the process. Place Stop to secure place. Waiting for price to move sideway, before making its next set up. It's a long day ( I mean a lot of long trade, only one short trade today). Must wait for next set up at H4. I think , it will move side way {image}

alhamdulillah
Like me, cuts losses quickly. But has more patience and lets his winn
  • #590,111
  • Apr 19, 2021 7:40am Apr 19, 2021 7:40am
Quoting Nordling00
{quote} Disagreed, there's no positive news about US Dollar's value. Even Jerome Powell, Chair of the FED, accepts this fact and says that they will continue these dovish policies. If you mean US Stock Market, yes US Stocks will be bullish, but US Dollar is bearish.
Mmm...Unfortunately I agree, there are no good news about US Dollar value.
  • #590,112
  • Apr 19, 2021 7:40am Apr 19, 2021 7:40am
Quoting parshal
{quote} Thanks for the valuable advise. Does it mean there are none divergences seen currently for a reversal down?
Not at all but you should only assume these to be small scalps or hedges,. Best to stay with the trending direction.
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  • #590,113
  • Apr 19, 2021 7:40am Apr 19, 2021 7:40am
Quoting ChiForex
WOW 220 pips one direction in 2 trading days for what reason Support increased to 1.3850s initial and 1.3880s high defense that are on the weekly. Further resistance around 1.3950 and 1.40
Don't get me wrong, there's a possibility on chart(up to not just 1.40 but 1.4070 too) for such move as also for down move, just as resistance turns support and vice versa according to PA, as there's always 2 probable ways, but the question is, seriously in 2 days Well done MM
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #590,114
  • Apr 19, 2021 7:41am Apr 19, 2021 7:41am
#GBPUSD / H4
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  • #590,115
  • Apr 19, 2021 7:45am Apr 19, 2021 7:45am
Quoting M.Fadly
{quote} my friend , why you always no use stop loss
my sl is not the problem here
my entry was horrible
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yes yes yes
  • #590,116
  • Apr 19, 2021 7:46am Apr 19, 2021 7:46am
Quoting Nala66
{quote} Not at all but you should only assume these to be small scalps or hedges,. Best to stay with the trending direction. {image}
Warm thanks on the insight.
My observation may be wrong but intent correct. Stay calm!
  • #590,117
  • Apr 19, 2021 7:46am Apr 19, 2021 7:46am
https://www.mql5.com/en/charts/13798...-group-limited
  • #590,118
  • Apr 19, 2021 7:47am Apr 19, 2021 7:47am
Quoting Nordling00
{quote} If that's right, -although i highly suspect it- then whatever floats your boat mate. Good luck

Thank you and the same to you.
I understand you suspect and I am not here to erase any doubts and suspects. Everybody trades according to he/she knows. Right or wrong. Not in my hand to change anything.
Good luck
  • #590,119
  • Apr 19, 2021 7:49am Apr 19, 2021 7:49am
Quoting parshal
{quote} Thanks for the valuable advise. Does it mean there are none divergences seen currently for a reversal down?
Hi. If you want to follow his advice, there are only hidden bears divergences on higher tfs like 4H or monthly.
Cheers
Air force
  • #590,120
  • Apr 19, 2021 7:57am Apr 19, 2021 7:57am
wow , gu is on a ride to the moon
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yes yes yes
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