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Cable Update (GBPUSD)

  • #591,161
  • Apr 23, 2021 7:12am Apr 23, 2021 7:12am
Quoting Yngwie
{quote} dem bit early lol. however manage reload more lot 3829/30
Closed 3890. looking for sell 3910/15 area
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #591,162
  • Apr 23, 2021 7:13am Apr 23, 2021 7:13am
DXY failed to bounce off trend line support 91.20 that made its move a fakeout while GU bounced off 1.3820s trend line support, lets see if 1.3895 was just a fake out high, as no followup base above 1.3890
Actually it will be stupid to breakout as nearby 1.3910 will be waiting for it, so drop more reasonable to 1.3850s staying within my said range...
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #591,163
  • Apr 23, 2021 7:16am Apr 23, 2021 7:16am
Quoting dimitricss
short 1.3886

come on baby fu** that 1.3822 or even better the ADR low 1.3798

Trade with prediction = witch with her visions lol
  • #591,164
  • Apr 23, 2021 7:17am Apr 23, 2021 7:17am
Quoting mysterio
{quote} To be fair, it's really struggling with this level, despite DXY crashing like a rock. This is normally not a good sign for bulls. Wait and see.

Everything should be great as soon as it's according to my plan. If it's not. I'm learning. I need just few steps hopefully.
The entry you made was very good. But not my taste or my edge. I have my own rules and I follow them.
No need to seek correlation from other pairs or anything else. It compilcates everything.
  • #591,165
  • Apr 23, 2021 7:21am Apr 23, 2021 7:21am
Missed it first time but bulls do have this pretty beastly supply zone to deal with and they don't seem too keen to take it out currently
Attached Image (click to enlarge)
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  • #591,166
  • Apr 23, 2021 7:23am Apr 23, 2021 7:23am
Attached Image (click to enlarge)
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Twitter: Rummer_grapes
  • #591,167
  • Apr 23, 2021 7:25am Apr 23, 2021 7:25am
Quoting Ihlas
{quote} It will drop to 1.37850
I kind of see that on my chart also, but maybe next week, to 3775 or so.
Compulsions can be hard to resist
  • #591,168
  • Apr 23, 2021 7:26am Apr 23, 2021 7:26am
Been converted to bear, was bull earlier in the week
  • #591,169
  • Apr 23, 2021 7:29am Apr 23, 2021 7:29am
Quoting trumps
{quote} I kind of see that on my chart also, but maybe next week, to 3775 or so.

Yes maybe next week. But if starts to drop this can happen today.
  • #591,170
  • Apr 23, 2021 7:30am Apr 23, 2021 7:30am
We talked about ranging between 1.38250 and 1.38850 mf , but
Spike up to 1.38850 and stuck in there .
Drop to the button mf
You shell not pass 1.38850
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yes yes yes
  • #591,171
  • Apr 23, 2021 7:32am Apr 23, 2021 7:32am
I closed all my long. The price manage make a sludge movement slowly down. And better risk for the reward down
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #591,172
  • Apr 23, 2021 7:33am Apr 23, 2021 7:33am
Quoting Ihlas
{quote} Everything should be great as soon as it's according to my plan. If it's not. I'm learning. I need just few steps hopefully. The entry you made was very good. But not my taste or my edge. I have my own rules and I follow them. No need to seek correlation from other pairs or anything else. It compilcates everything.
That's cool, stick to your methods that you've refined over time. I have a feeling you have much more experience than me. The correlation just helps me gauge how strong the GBP side is relative to the dollar. IE if the dollar is very bearish but GU isn't moving up then it tells me GBP is currently weak and will be more inclined to move down (IE currently). It's like poker you have to constantly make a judgement on the pot odds when you open or close a position. If you can share any analysis it would be appreciated as you do make some great calls. Whilst I do follow technical levels for entries and exits my bias on up or down direction is partly gut feeling based on what I've experienced..so this is why I put my stop to breakeven very quickly as I can get a good entry no problem but don't really know if it will continue in my direction

Main reason I wanted to long GU for keeps was DXY was/is looking like a sure shot bear move
  • #591,173
  • Apr 23, 2021 7:37am Apr 23, 2021 7:37am
Bears need a break of 1.38688
Attached Image (click to enlarge)
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yes yes yes
  • #591,174
  • Apr 23, 2021 7:51am Apr 23, 2021 7:51am
Quoting mysterio
{quote} That's cool, stick to your methods that you've refined over time. I have a feeling you have much more experience than me. The correlation just helps me gauge how strong the GBP side is relative to the dollar. IE if the dollar is very bearish but GU isn't moving up then it tells me GBP is currently weak and will be more inclined to move down (IE currently). It's like poker you have to constantly make a judgement on the pot odds when you open or close a position. If you can share any analysis it would be appreciated as you do make some great...
First of all thank you for your kind words. There are many experienced traders here including you. This is just a learning curve. As I said before I don't follow any fx term and other traditional indicators and don't believe in them. And Market is not random. There is a perfect order. As soon as you understand the order you can know whether hold the trade and where it will hit his sword. It's all about asking questions to yourself? Why? When? How? Chart tells everything. I think I have few things to learn for my own type of analysis. Maybe there's nothing. Price will tell it to me
One more thing, price has nothing common with support and resistance lines (just my view)
  • #591,175
  • Apr 23, 2021 7:57am Apr 23, 2021 7:57am
The price manupulation. Ill watch from back scene
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #591,176
  • Apr 23, 2021 7:59am Apr 23, 2021 7:59am
Quoting Ihlas
{quote} First of all thank you for your kind words. There are many experienced traders here including you. This is just a learning curve. As I said before I don't follow any fx term and other traditional indicators and don't believe in them. And Market is not random. There is a perfect order. As soon as you understand the order you can know whether hold the trade and where it will hit his sword. It's all about asking questions to yourself? Why? When? How? Chart tells everything. I think I have few things to learn for my own type of analysis. Maybe...
boleh nih... one to another indonesian fellow
will you share your indy ?? specially "the perfect order" things
Trade with prediction = witch with her visions lol
  • #591,177
  • Apr 23, 2021 8:00am Apr 23, 2021 8:00am
Quoting HBN08
holding now take care guys {image}
hey guys good trades to all
still holding from yesterday
Green pips
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  • #591,178
  • Apr 23, 2021 8:02am Apr 23, 2021 8:02am
Quoting dimitricss
{quote} boleh nih... one to another indonesian fellow will you share your indy ?? specially "the perfect order" things

My indicator is my Brain. At least I think like that "the perfect order" and works for me.
  • #591,179
  • Apr 23, 2021 8:03am Apr 23, 2021 8:03am
Quoting HBN08
{quote} hey guys good trades to all still holding from yesterday Green pips {image}
Thanks for this.
  • #591,180
  • Apr 23, 2021 8:06am Apr 23, 2021 8:06am
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yes yes yes
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