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Cable Update (GBPUSD)

  • #591,121
  • Apr 23, 2021 4:26am Apr 23, 2021 4:26am
I have closed my sell position. It is hard to judge the direction now. The MM seems trying to break upside.
  • #591,122
  • Apr 23, 2021 4:33am Apr 23, 2021 4:33am
Quoting Nd10
{quote} Where have you been mate
I have been on the sideline observing this weird April movements.
Data + Stat + Risk/Emotions Management
  • #591,123
  • Apr 23, 2021 4:35am Apr 23, 2021 4:35am
Noticeable that DXY marked a peak and started its fall one year ago April 2020, will April 2021 be the mark of bottom and start of reversal or fall continuation
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #591,124
  • Apr 23, 2021 4:49am Apr 23, 2021 4:49am
Quoting mysterio
{quote} Yea, the completion of it is a retrace to neckline/fib level and then a higher high, at least that's what i've observed. Usually quite reliable, works on all TFs
Nd10

An example on the 1m TF what I expect on the daily TF. W pattern, fib retrace leg, higher high. Of course its a lot scrappier on 1m still works though

https://www.tradingview.com/x/8kfMIHDm/

https://www.tradingview.com/x/dz4FZKPn/
  • #591,125
  • Apr 23, 2021 5:07am Apr 23, 2021 5:07am
in my view theres significant traffic above here starting 3905 while proper demand lies below 3810
  • #591,126
  • Apr 23, 2021 5:07am Apr 23, 2021 5:07am
Quoting kris89
Im still holding my buys at below. Just add with sang real level. Lets see the friday mover
It's good ideas. Maybe USD will be shorted until Wed next week. The Price can go to 1.40 or 1.41 before can down again
  • #591,127
  • Apr 23, 2021 5:31am Apr 23, 2021 5:31am
nearly fooled me, don't be so short term focused is the lesson
Attached Image (click to enlarge)
Click to Enlarge Name: 7265b3d298b0e815bf00b6185c1214db.png Size: 146 KB
twitter: @gettoefl
  • #591,128
  • Apr 23, 2021 5:39am Apr 23, 2021 5:39am
HAHA How Are You ALL

I Never Liked Like

HAHAHAHHAHAAA
  • #591,129
  • Apr 23, 2021 5:51am Apr 23, 2021 5:51am
Quoting gettoefl
nearly fooled me, don't be so short term focused is the lesson {image}

You think it will go up?
  • #591,130
  • Apr 23, 2021 5:55am Apr 23, 2021 5:55am
hari yg membosankan ... tedious day
Trade with prediction = witch with her visions lol
  • #591,131
  • Apr 23, 2021 5:56am Apr 23, 2021 5:56am
Just waiting for dxy to clear 91, then blast off for cable? https://www.tradingview.com/x/8oYwF99i/
  • #591,132
  • Apr 23, 2021 5:56am Apr 23, 2021 5:56am
Quoting Sang.Real
{quote} Hello Mysterio A some basic and primitive tool to determine trendline, Support & Resistant. SNR and diagonal trendline to visualize the direction. All entries made at LTF. Daily TF and H4 TF are for finding set up. Hope to learn more advance technique to find more sophisticated entries in future. Need to learn more from you guy here to advance knowledge. Hope this trade will work out. {image}

Adding few more scalping position as price bounce off Support Zone.

Hope price will reach next resistant zone for partial TP.

Friday as always is very tight with its trading range. It can turn at any whims.

Be extra careful with your trade, because it's Friday.


Sang Real

Attached Image (click to enlarge)
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  • #591,133
  • Apr 23, 2021 5:59am Apr 23, 2021 5:59am
FPA technical analysis: GBP mostly stands in an area where we need to make a decision on long entry, at least those traders who has intention to buy the cable:

Inserted Video
  • #591,134
  • Apr 23, 2021 6:00am Apr 23, 2021 6:00am
Quoting mysterio
Just waiting for dxy to clear 91, then blast off for cable? https://www.tradingview.com/x/8oYwF99i/
I thought that the big boyz have left some unfinished business from yesterday around 1.380000000 and they’re gonna get it done today or on Monday latest. I got what I was hoping for last night and I’m short from 1.3888. SL 13896. I could be very wrong by the looks of it
Did you place your stop loss order? Why not?!? Story of my life...
  • #591,135
  • Apr 23, 2021 6:01am Apr 23, 2021 6:01am
short 1.3886
Trade with prediction = witch with her visions lol
  • #591,136
  • Apr 23, 2021 6:04am Apr 23, 2021 6:04am
DJ turn the music on. Bears in da club.
I take you to the pip shop.
Let you get some pips
Wow
Even I don't like the term bear
  • #591,137
  • Apr 23, 2021 6:08am Apr 23, 2021 6:08am
Quoting Ihlas
{quote} You think it will go up?
yes but taking the slow boat
twitter: @gettoefl
  • #591,138
  • Apr 23, 2021 6:10am Apr 23, 2021 6:10am
Quoting coyoteuglyxxx
{quote} I thought that the big boyz have left some unfinished business from yesterday around 1.380000000 and they’re gonna get it done today or on Monday latest. I got what I was hoping for last night and I’m short from 1.3888. SL 13896. I could be very wrong by the looks of it
Not too late to get out with a small profit. I'm bull all the way up to break the last high.. could be wrong obviously. It is Friday. Could be full of bull.
  • #591,139
  • Apr 23, 2021 6:11am Apr 23, 2021 6:11am
Quoting gettoefl
{quote} yes but taking the slow boat

This was just a correction. Good luck then
  • #591,140
  • Apr 23, 2021 6:13am Apr 23, 2021 6:13am
Quoting Ihlas
{quote} This was just a correction. Good luck then
Ihlas I wondered if you could share some analysis to back up your assertion. You were bang on the money with 1.3825 so big respect. Just so that us beginners can learn. My plan is still to add longs as we rise but I'm wondering what I'm missing. It seems the bulls tend to post more charts and analysis than the bears on this thread currently so I'm struggling. Currently long from 1.3830s and 60s
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