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Cable Update (GBPUSD)

  • #591,861
  • Apr 28, 2021 6:36am Apr 28, 2021 6:36am
Quoting OnlineAddict
FED might take this up again, just to discourage bears and then a big dump should come. I hope it goes back above 3900 before or during FED, would be a nice confirmation of a drop.

On the same page. I see 1.39286 then drop
  • #591,862
  • Apr 28, 2021 6:39am Apr 28, 2021 6:39am
Bouncy bouncy

https://www.tradingview.com/x/YzjQj3k9/
  • #591,863
  • Apr 28, 2021 6:40am Apr 28, 2021 6:40am
crooks having fun on fmoc day
1.39500-1.4000 by the end of the day
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yes yes yes
  • #591,864
  • Apr 28, 2021 6:44am Apr 28, 2021 6:44am
Quoting Moty
{quote} {image}
good
but just look at "my" divergence

nobody knows for sure
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dolce vita
  • #591,865
  • Apr 28, 2021 6:50am Apr 28, 2021 6:50am
Quoting babayaga
{quote} good but just look at "my" divergence nobody knows for sure {image}
NOBODY KNOWS

this is my view, below 1760.XX this will failed.
in FOMC we trust
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  • #591,866
  • Apr 28, 2021 6:57am Apr 28, 2021 6:57am
GU

Scalping mode target 20 pips per scalp position.

Price ranging around 30 pips in between SNR zone.

Just scalping until NYO/FOMC later.

Attached Image (click to enlarge)
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  • #591,867
  • Apr 28, 2021 7:10am Apr 28, 2021 7:10am
Quoting babayaga
{quote} good but just look at "my" divergence nobody knows for sure {image}
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yes yes yes
  • #591,868
  • Apr 28, 2021 7:19am Apr 28, 2021 7:19am
Quoting KiwiTrada
{quote} gold 4hr H&S neckline break in play pole target 1746ish
still chugging along nicely :-)
If you are new to Forex? Say Goodbye to your account!!
  • #591,869
  • Apr 28, 2021 7:25am Apr 28, 2021 7:25am
GU


When a market consolidates, buyers and sellers reach an equilibrium price level -- and the trading range tends to narrow.
See H4 chart below

When new information enters the marketplace, the market moves away from this equilibrium point and tries to find a new price, or "value" area.

Either longs or shorts will be "trapped" on the wrong side and eventually forced to cover, aggravating the existing supply/demand imbalance.

In turn, the increase in price momentum attracts new market participants, and pretty soon a vicious cycle is created.

We know a potential breakout is at hand. However, it is difficult to predict the direction of the breakout because buyers and sellers appear to be in perfect balance.

All we can do is prepare for increased volatility or range expansion!

For me, I go with scalp ATM until the trade set up allow me to take longer run trade.

Trade Safe and wisely.

May the green pips with you.

Attached Image (click to enlarge)
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  • #591,870
  • Apr 28, 2021 7:28am Apr 28, 2021 7:28am
The bad news is that whipsaws can be brutal!
  • #591,871
  • Apr 28, 2021 7:32am Apr 28, 2021 7:32am
Quoting segarann
Look Like its going down for while, waiting for Buy signal {image}
its going down all the while...
  • #591,872
  • Apr 28, 2021 7:33am Apr 28, 2021 7:33am
Quoting Sang.Real
GU Scalping mode target 20 pips per scalp position. Price ranging around 30 pips in between SNR zone. Just scalping until NYO/FOMC later. {image}
Thanks for these posts bro. Your charts remind me to stay grounded and to identify what stage/mode the market is in and to trade accordingly. Your study and hard work & practice is evident.

As for GU, I would like to see the 1.3860 zone to break before shorting pullbacks

https://www.tradingview.com/x/hY7BwCli/

This base is still buyable

https://www.tradingview.com/x/Dfw1W0l6/
  • #591,873
  • Apr 28, 2021 7:34am Apr 28, 2021 7:34am
Quoting gatenio
{quote} NOBODY KNOWS this is my view, below 1760.XX this will failed. in FOMC we trust {image}
I was thinking below 1777 with confirmation 1770
have to fail
dolce vita
  • #591,874
  • Apr 28, 2021 7:34am Apr 28, 2021 7:34am
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  • #591,875
  • Apr 28, 2021 7:35am Apr 28, 2021 7:35am
again little scalping with gold for 7 pips

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dolce vita
  • #591,876
  • Apr 28, 2021 7:38am Apr 28, 2021 7:38am
Quoting mysterio
{quote} Closed for +20,back in scalp mode, usually when i decide to go back to taking small profits is when it makes a big move so watch out
Mysterio Sirs,

I admire your discretionary styles day-trader that always moves your stop in your favor immediately.

In this most of your cases, move the stop to breakeven once the trade shows enough profit.

The stop can be trailed as the market continues to trend, but not too tightly.

One more point , I would like to add is a great majority of the gains can occur in the last hour as the trend accelerates, try not to exit prematurely. Try to hold on to the last leg of trend trade.

Wish you all the best

Sang Real
  • #591,877
  • Apr 28, 2021 7:39am Apr 28, 2021 7:39am
Quoting babayaga
{quote} I was thinking below 1777 with confirmation 1770 have to fail
you the master, im a novice.
im keeping my view for now.
  • #591,878
  • Apr 28, 2021 7:44am Apr 28, 2021 7:44am
Quoting Ihlas
{quote} On the same page. I see 1.39286 then drop
if she will come to 1.3930th
she will continue UP

just my thought

dolce vita
  • #591,879
  • Apr 28, 2021 7:51am Apr 28, 2021 7:51am
Quoting Sang.Real
The bad news is that whipsaws can be brutal!
Will awating for it. So long . The price keep above that double bottom ill seek buy . In case. The weekyly and monthly candle will close at the end of these week together. A whipsaw move is expected
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #591,880
  • Apr 28, 2021 7:54am Apr 28, 2021 7:54am
Quoting Sang.Real
{quote} Mysterio Sirs, I admire your discretionary styles day-trader that always moves your stop in your favor immediately. In this most of your cases, move the stop to breakeven once the trade shows enough profit. The stop can be trailed as the market continues to trend, but not too tightly. One more point , I would like to add is a great majority of the gains can occur in the last hour as the trend accelerates, try not to exit prematurely. Try to hold on to the last leg of trend trade. Wish you all the best Sang Real
This was a good point. Hold the last leg trend and just scalp above it
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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