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Cable Update (GBPUSD)

  • #590,241
  • Edited 7:57pm Apr 19, 2021 7:36pm | Edited 7:57pm
reversals in unpredictable movements ... reversals can only be detected after the market shows that a reversal has occurred ........ it is crucial for the market to break 1.40048 so that the upward price movement can continue
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if reversal must be break 1.40048 then price down
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The Average Discount Everything
  • #590,242
  • Apr 19, 2021 7:57pm Apr 19, 2021 7:57pm
Quoting hesron
reversals in unpredictable movements ... reversals can only be detected after the market shows that a reversal has occurred ........ it is crucial for the market to break 1.40048 so that the upward price movement can continue {image}
many common patterns indicate possible reversal, those who trade them, then those who wait for pattern confirmation / retest etc, "ALL" pa can be detected after it has happened???
If you are new to Forex? Say Goodbye to your account!!
  • #590,243
  • Apr 19, 2021 8:00pm Apr 19, 2021 8:00pm
Quoting KiwiTrada
{quote} many common patterns indicate possible reversal, those who trade them, then those who wait for pattern confirmation / retest etc, "ALL" pa can be detected after it has happened???
eu daily "possible" double top, previous high 1 2047 with yesterdays close 1 2037 as markers reasonable cheap entry, however yesterday was powerful bull candle? tread carefully
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  • #590,244
  • Apr 19, 2021 8:10pm Apr 19, 2021 8:10pm
Quoting KiwiTrada
{quote} eu daily "possible" double top, previous high 1 2047 with yesterdays close 1 2037 as markers reasonable cheap entry, however yesterday was powerful bull candle? tread carefully
cable is so similar high 1 3993 close 1 3982 with psych 1 34000 ?
If you are new to Forex? Say Goodbye to your account!!
  • #590,245
  • Edited 8:39pm Apr 19, 2021 8:21pm | Edited 8:39pm
Quoting JayBag
{quote} Hey Kingsley, I am not sure if I get you when you say why don't I share my chart. I do share charts detailing my ideas and stuff. I swing and most times I don't see the need to keep posting same chart over and again. If you check my last ‘image’, I am still following that idea till otherwise. Stay Safe
Hi Jaybag,

I dont want to be rude, but i'm curious about your multiple positions , did you get margin call? Did you survive the down movement to the bottom before up again. I hope you could survive it. The bottom was the beginning of your multiple positions and while it was down against your plan you said you add more and more buy positions until the price go back to the buttom where you started your multiple positions. So i'm really curios ... how did you handle such movement regarding your positions. I see you as professional trader here, so maybe i can learn something how to handle such huge multiple positions .... here is the latest chart you attached and your plan ... thanks

Happy trading
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  • #590,246
  • Edited 8:52pm Apr 19, 2021 8:32pm | Edited 8:52pm
Quoting KiwiTrada
{quote} many common patterns indicate possible reversal, those who trade them, then those who wait for pattern confirmation / retest etc, "ALL" pa can be detected after it has happened???
do you think that the reversal pattern can move the price ........ A reversal or continuation can only occur if there has been an accumulation of orders ... the price rises if demand> supply ... the price falls if supply> demand ... the price will not increase if the supply has not disappeared ... ..... the price will not go down if the demand has not disappeared ... the price increase or decrease is caused by money, money and money .... and only smart money can move the price
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The Average Discount Everything
  • #590,247
  • Apr 19, 2021 8:33pm Apr 19, 2021 8:33pm
GU

Skull-Ping


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  • #590,248
  • Apr 19, 2021 9:10pm Apr 19, 2021 9:10pm
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yes yes yes
  • #590,249
  • Apr 19, 2021 9:18pm Apr 19, 2021 9:18pm
I enter short GU and EU, sl 1.4010 and 1.2050, tp 50-70 pips
  • #590,250
  • Edited 9:35pm Apr 19, 2021 9:20pm | Edited 9:35pm
Quoting Moty
{image}
i believe price would go around near 1.38500 area to getting break that 1.4000 to 1.4200
or at the minumum pullback around RBS 1.3900 area
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #590,251
  • Apr 19, 2021 9:40pm Apr 19, 2021 9:40pm
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yes yes yes
  • #590,252
  • Apr 19, 2021 9:49pm Apr 19, 2021 9:49pm
Quoting Moty
{image}
I guess at some point, she will run out of gas and slingshot around the moon back to earth eh Moty?
Compulsions can be hard to resist
  • #590,253
  • Apr 19, 2021 10:08pm Apr 19, 2021 10:08pm
I was praying hard that this will be the point of reversal.
We love him, because he first loved us.
  • #590,254
  • Apr 19, 2021 10:12pm Apr 19, 2021 10:12pm
Quoting Moty
{image}
i think u should get out of ur positions... today looks like a green bar as well... i got out... with lesser profits... all sell position closed... now looking for buys...
Extreme gut feeling trader
  • #590,255
  • Apr 19, 2021 10:23pm Apr 19, 2021 10:23pm
Quoting montygoldy
{quote} i think u should get out of ur positions... today looks like a green bar as well... i got out... with lesser profits... all sell position closed... now looking for buys...
ill considering 1.39000 area for pullback slingshoot
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #590,256
  • Apr 19, 2021 10:29pm Apr 19, 2021 10:29pm
We are at the res zone 1.40000-1.40166
Hold it mf
yes yes yes
  • #590,257
  • Apr 19, 2021 10:35pm Apr 19, 2021 10:35pm
Quoting Moty
We are at the res zone 1.40000-1.40166 Hold it mf
You think 50pips for retracement is enough Sir?
We love him, because he first loved us.
  • #590,258
  • Apr 19, 2021 10:46pm Apr 19, 2021 10:46pm
Quoting Moty
We are at the res zone 1.40000-1.40166 Hold it mf
that res as price didnt spike it , then the price should pull back and sling to next level , 1.39000 and 1.38500 will watch this zone for a while , exist when near . lets ride long, as the montly candle could take GBPUSD to next level
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #590,259
  • Apr 19, 2021 10:57pm Apr 19, 2021 10:57pm
Quoting hesron
{quote} do you think that the reversal pattern can move the price ........ A reversal or continuation can only occur if there has been an accumulation of orders ... the price rises if demand> supply ... the price falls if supply> demand ... the price will not increase if the supply has not disappeared ... ..... the price will not go down if the demand has not disappeared ... the price increase or decrease is caused by money, money and money .... and only smart money can move the price {image} {image}
s/d r/s blah blah "smart money"??? there is only dumb money in retail, crumbs only for us, aggressive trading to get in before smart money arrives, there has been absolutely nothing to support cable other than trend, I am looking for trend reversal, pending sell activated 1 4004 sl 4023, would have preferred to wait for brit open, but to late now entry is live
If you are new to Forex? Say Goodbye to your account!!
  • #590,260
  • Apr 19, 2021 11:06pm Apr 19, 2021 11:06pm
Quoting KiwiTrada
{quote} s/d r/s blah blah "smart money"??? there is only dumb money in retail, crumbs only for us, aggressive trading to get in before smart money arrives, there has been absolutely nothing to support cable other than trend, I am looking for trend reversal, pending sell activated 1 4004 sl 4023, would have preferred to wait for brit open, but to late now entry is live
Either us retail scrap hunters missed something extremely important in the works or this is just a supply hunt for a monthly cyclical down.
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