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Cable Update (GBPUSD)

  • #592,721
  • May 3, 2021 2:51pm May 3, 2021 2:51pm
Quoting thevisitor
{image}
Good setup but why do you think it won't come down the lower trendline
  • #592,722
  • May 3, 2021 2:58pm May 3, 2021 2:58pm
Market showed it's first bullish reaction after the news. Pullback is over. Now it's time to go long.
You have to have an IQ higher than 90 to interact with this user.
  • #592,723
  • May 3, 2021 3:04pm May 3, 2021 3:04pm
Quoting Nd10
{quote} Good setup but why do you think it won't come down the lower trendline
Sure, possible.
Everybody here is expecting a drop...
Trade save!!
  • #592,724
  • May 3, 2021 3:17pm May 3, 2021 3:17pm
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  • #592,725
  • May 3, 2021 3:27pm May 3, 2021 3:27pm
Wow everybody is selling it. I am actually surprised and very curious about how this will end. I am long until 12 March at least.
You have to have an IQ higher than 90 to interact with this user.
  • #592,726
  • May 3, 2021 3:34pm May 3, 2021 3:34pm
Quoting Nordling00
Wow everybody is selling it. I am actually surprised and very curious about how this will end. I am long until 12 March at least.
Well that's why many traders lose, they presume.
It could go up, it could go down - why don't we wait till volume confirms move either way.
Trading thin liquidity at the boundary of the charts
  • #592,727
  • Edited 4:38pm May 3, 2021 4:12pm | Edited 4:38pm
Quoting thevisitor
{quote} Sure, possible. Everybody here is expecting a drop... Trade save!!
I do not expect it literally..,
my observation (?)
she went down on Friday but 1.3780th still missing..,
today ( already yesterday) she ate weekly & monthly pivot and...

now she is free to go wherever she "wants"
I like it

Inserted Video
dolce vita
  • #592,728
  • May 3, 2021 4:19pm May 3, 2021 4:19pm
Let the real volume confirm direction, patterns won't cut it
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Trading thin liquidity at the boundary of the charts
  • #592,729
  • Edited 11:09pm May 3, 2021 4:40pm | Edited 11:09pm
Quoting RickM
Let the real volume confirm direction, patterns won't cut it {image}
GU has laid all his cards down. Today is 1.39500 is inevitable. We will see it. Then down again.
Edit: 1.39900 is also possible
  • #592,730
  • May 3, 2021 6:07pm May 3, 2021 6:07pm
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yes yes yes
  • #592,731
  • May 3, 2021 6:19pm May 3, 2021 6:19pm
Quoting Sang.Real
GU Wait for price action at this SNR level. Let the price dance. Any comment are welcome for educational purposes only. Thank you {image}

GU

Quick sxalping Asia session.

not long holding for quick buck.

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  • #592,732
  • May 3, 2021 7:10pm May 3, 2021 7:10pm
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  • #592,733
  • May 3, 2021 7:11pm May 3, 2021 7:11pm
3880 to 3960.

IMO

+ /- 20 PIPS.
Intraday only.
  • #592,734
  • May 3, 2021 7:23pm May 3, 2021 7:23pm
Quoting Sang.Real
{quote} GU Quick sxalping Asia session. not long holding for quick buck. {image}
GU

Simple set up for Newbie , Support and Resistant forms the basis for all of my ( as Newbie) trading decisions.

This Support Becomes Resistant (SBR) set up is the very basic SNR strategy for Newbie.

Occasionally you will have an SR Flip standing in the way of a nice smooth run to profit.

As we know, ignored support can turn into resistant so please, please, please wait until price had tested that level before entering a trade.

Sliding down very fast for scalping reaching quick scalp target. Nothing massive.

Anything more complicated than SNR, I'm sure lost and couldn't understand.

This is the only basic method to trade known to me. I've yet to study other advance method to trading.

Take whatever market want to give you, or it may take it away once you get greedy...

Scalp safely and wisely.


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  • #592,735
  • May 3, 2021 7:29pm May 3, 2021 7:29pm
Quoting navk
3880 to 3960. IMO + /- 20 PIPS.
1.38650 at least imo
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yes yes yes
  • #592,736
  • May 3, 2021 9:08pm May 3, 2021 9:08pm
Half an hour for interests rate in Australia
Will draw down the gu too
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yes yes yes
  • #592,737
  • May 3, 2021 9:09pm May 3, 2021 9:09pm
dix @ important resistance for bulls cad similar 1 23000 nu au eu appear to be heading south, same cable, just prefer it was brit session not asia pacific:-( even gold looking to grind support 1788 71 right now :-) things looking ok
If you are new to Forex? Say Goodbye to your account!!
  • #592,738
  • May 3, 2021 9:23pm May 3, 2021 9:23pm
Quoting KiwiTrada
dix @ important resistance for bulls cad similar 1 23000 nu au eu appear to be heading south, same cable, just prefer it was brit session not asia pacific:-( even gold looking to grind support 1788 71 right now :-) things looking ok
all 4hr charts, au nu eu gold bearish doji cable inverted pin all in play, swiss, dix bullish pin bars in play, cad, I still playing a bottoming pattern so far 20 4hr candles very tight range, if / when she flies I really want to be on Board, correction I "will" be on board :-)
If you are new to Forex? Say Goodbye to your account!!
  • #592,739
  • May 3, 2021 10:20pm May 3, 2021 10:20pm
Quoting babayaga
sell positions cable (+) 16 pips, gj (-) 2 pips do I have to close everything till tomorrow??? usual rhetorical question
now
cable (+) 50, gj (+) 0.5
what are we waiting for (?)

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dolce vita
  • #592,740
  • May 3, 2021 10:22pm May 3, 2021 10:22pm
Short in at 1.3874
Might be a bit early!!!
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Don't trade what you think. Just what you see!!!
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