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Cable Update (GBPUSD)

  • #590,461
  • Apr 20, 2021 11:40am Apr 20, 2021 11:40am
Quoting giveachance
{quote} hammer man is obviously moty and 2nd one is take your pick. why are you getting offended? I dont even read your posts and neither am i interested in doing it further.
You do not have the backbone to own up to your allegations?. Oh well, sweet dreams to you.
Trade to trade another day
  • #590,462
  • Apr 20, 2021 11:43am Apr 20, 2021 11:43am
Quoting parshal
{quote} I agree too that could be a trap. But after that pinbar the cable has not moved since last 30 mins and DXY has climbed up. Is this a sign of a quick drop ?
Yea think so. Wait for the next drop and buy the dip I reckon.
  • #590,463
  • Apr 20, 2021 11:48am Apr 20, 2021 11:48am
Quoting mysterio
{quote} Yea think so. Wait for the next drop and buy the dip I reckon.
yeah I thik so too.
guess it's a trap anyways either way
My observation may be wrong but intent correct. Stay calm!
  • #590,464
  • Apr 20, 2021 11:49am Apr 20, 2021 11:49am
Quoting giveachance
{quote} keep an eye on the euro. after having run as high as 1.2080 it was expected to breach 1.213x but instead it is retracing. if euro retraces its game over for pound. the cross is also oversold and at support 8600
Euro ran into daily supply, but it has broken out of a daily channel. It can easily break higher. Or it may be over. Lets see
Attached Image (click to enlarge)
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  • #590,465
  • Apr 20, 2021 11:51am Apr 20, 2021 11:51am
Quoting shotshell
{quote} Moty, what program are you running to get your buy & sell signals?
i am taking them manually
i entering when the 10 lwma is broken down after retracing at least to the 50 % area ,
this time i didn't have the patient but thus is the plan
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yes yes yes
  • #590,466
  • Apr 20, 2021 12:24pm Apr 20, 2021 12:24pm
Attached Image (click to enlarge)
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yes yes yes
  • #590,467
  • Apr 20, 2021 12:27pm Apr 20, 2021 12:27pm
Quoting mysterio
I would have liked another leg down, i'm not sure I have a valid buy setup otherwise. Any thoughts? {image}
like Moty saying it looks like a trap..the thing is a drop below 13910 should open up upper 138 areas
Insane in the Brain..
  • #590,468
  • Apr 20, 2021 12:28pm Apr 20, 2021 12:28pm
Quoting BeeTogether
{quote} like Moty saying it looks like a trap..the thing is a drop below 13910 should open up upper 138 areas
Yea, will wait for some decent confirmation before jumping in. Cheers
  • #590,469
  • Apr 20, 2021 12:35pm Apr 20, 2021 12:35pm
Quoting BeeTogether
{quote} like Moty saying it looks like a trap..the thing is a drop below 13910 should open up upper 138 areas
for the big big picture if you look at monthly , gu is bearish
at the daily is bullish
but for interlay , we need to look hourly
until the high of the last significant hourly candle is broken up , look for bearish set ups
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yes yes yes
  • #590,470
  • Apr 20, 2021 12:44pm Apr 20, 2021 12:44pm
4th wave, atm on 38.2% of 3th wave 3930, 50% is on 3909
im wondering if to shoot now with 30p SL
  • #590,471
  • Apr 20, 2021 12:52pm Apr 20, 2021 12:52pm
Quoting gatenio
4th wave, atm on 38.2% of 3th wave 3930, 50% is on 3909 im wondering if to shoot now with 30p SL
Shoot now ask questions later. I'm preparing to shoot my load on GU pretty soon
  • #590,472
  • Apr 20, 2021 12:52pm Apr 20, 2021 12:52pm
Quoting gatenio
4th wave, atm on 38.2% of 3th wave 3930, 50% is on 3909 im wondering if to shoot now with 30p SL
I am having the same ideas bro..
Thinking about it, we should get some pressure on anything above 1.394

Just doing the waiting game for now.

SS
  • #590,473
  • Apr 20, 2021 12:59pm Apr 20, 2021 12:59pm
Quoting JayBag
{quote} I am having the same ideas bro.. Thinking about it, we should get some pressure on anything above 1.394 Just doing the waiting game for now. SS
Same thing, waiting game it's on!
  • #590,474
  • Apr 20, 2021 1:03pm Apr 20, 2021 1:03pm
Quoting mysterio
{quote} Shoot now ask questions later. I'm preparing to shoot my load on GU pretty soon
U must b fully loaded. You didn't react to my 1.4 prints and 1.38 areas too
  • #590,475
  • Apr 20, 2021 1:04pm Apr 20, 2021 1:04pm
Quoting JayBag
{quote} I am having the same ideas bro.. Thinking about it, we should get some pressure on anything above 1.394 Just doing the waiting game for now. SS
Please wait to 1.38 so we flow together. No forget your bro
  • #590,476
  • Apr 20, 2021 1:06pm Apr 20, 2021 1:06pm
Need just a little 30min volatility boost in the right funky way to add to my longs. Probably wont happen with my conditions met before Europe.

But by then, well be back down under .37 !

Got my buy stops and alarms ready, starting as early as 3944

If it falls to 3850, Im taking some more profits like earlier in the day, at least another 117 pips. Today was my first profit taking in 3 weeks!

I hope none take it as gloating. For years these have been the days where I take a breather and simply be proud and treat myself to a little something new; which I barely ever take the time to do.

Take care all, it was nice spending time with and reading each and everyone of you !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #590,477
  • Apr 20, 2021 1:21pm Apr 20, 2021 1:21pm
Quoting Wavegarrick
{quote} Hi Guys, From an hourly perspective, Gu could see my daily pivot at 1.39312. Tomorrow is another day and we could probably see a pullback towards my future daily pivot at 1.39632 ish. A hard push above that and we could see new highs. I await tomorrow. I do not have cyclic short hints yet, from a daily perspective, and am trading as such with more of a scalping mindset. Trade safe, Cheers. {image}
Perfect base touch of my daily pivot at 1.39312 unless something out of the ordinary happens at this time of the day. My revised future daily pivot at 1.39575.
Cheers.
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Trade to trade another day
  • #590,478
  • Apr 20, 2021 1:30pm Apr 20, 2021 1:30pm
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the aussie is on fire today
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yes yes yes
  • #590,479
  • Apr 20, 2021 1:34pm Apr 20, 2021 1:34pm
Quoting mysterio
{quote} Yea, will wait for some decent confirmation before jumping in. Cheers
Load 1.393 half lot, another half 1.3909 buy limit, sl below 1.3898
  • #590,480
  • Apr 20, 2021 1:52pm Apr 20, 2021 1:52pm
I keep thinking that this rally we have seen up to 1.40 is just a bounce & recovery from the low we saw at 1.3650s and that longer term, we should be selling the cable at these levels. I think the high in late Feb 1.42 was a major turning point & that we may be at the beginning of a bear mkt for the pound.

I might be wrong too!
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