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Cable Update (GBPUSD)

  • #592,841
  • May 4, 2021 8:04am May 4, 2021 8:04am
Quoting Ziemowit
{quote} Thanks for your posts! Based on your SRF levels if buy on 1.383 area tp would go to next above 1.38570? Thanks!
Not necessary.

Structure has broken. LH/LL

Need to see rejection at support to hold the price to go up.

Until Thursday, price will be spike all over to eat retail trader alive.

I just want to scalp ATM
  • #592,842
  • May 4, 2021 8:06am May 4, 2021 8:06am
Quoting Kajos2250
{quote} tp1 hit, use BE!{image}
GU H4 GMT+2

Following the trend on the H4, after three black crows, assuming the trend continues.
3x sell stop .3836
invalidation price close above ~3895
sl .3895

tp1 and BE .3764
tp2 .3689
tp3 open

rr > 1.6

good luck!

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Anything is math!
  • #592,843
  • May 4, 2021 8:06am May 4, 2021 8:06am
Attached Image (click to enlarge)
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yes yes yes
  • #592,844
  • Edited 8:23am May 4, 2021 8:12am | Edited 8:23am
Quoting thevisitor
Ok,cut my losses. Was expecting a spike up but failed. A few long scalps + / - zero One 2 Lot position closed In red Short 1.3849 {image}
Why you cut your losses? I'm still expecting that buy to resume. Pending buy at 1.377 to 1.38 area for tp of 1.4. Your 1.385 still holds. Well your sell may still be OK down to where I'm expecting for possible buy
  • #592,845
  • May 4, 2021 8:16am May 4, 2021 8:16am
Quoting Nd10
{quote} Why you cut your losses? I'm still expecting that buy to resume. Pending buy at 1.377 to 1.38 area for tp of 1.4.
The problem is it keeps rejecting off the 138 area
Insane in the Brain..
  • #592,846
  • May 4, 2021 8:19am May 4, 2021 8:19am
???

Inserted Video
dolce vita
  • #592,847
  • May 4, 2021 8:26am May 4, 2021 8:26am
Quoting BeeTogether
{quote} The problem is it keeps rejecting off the 138 area
Yes lots of struggle i guess. My daily up trendline shows me 1.372 or so but there are lots of bullish flag on H1, H4, even daily. I still believe the uptrend, even if it doesn't get to 1.42. That is where i anticipate a huge fall. That's if 1.42 isn't brokwn
  • #592,848
  • May 4, 2021 8:27am May 4, 2021 8:27am
Funny enough dxy falls and GU falls too. Can anyone explain that please
  • #592,849
  • May 4, 2021 8:28am May 4, 2021 8:28am
Quoting Nd10
{quote} Yes lots of struggle i guess. My daily up trendline shows me 1.372 or so but there are lots of bullish flag on H1, H4, even daily. I still believe the uptrend, even if it doesn't get to 1.42. That is where i anticipate a huge fall. That's if 1.42 isn't brokwn
We need a proper drop before upturn however as we ranging looks like it will be 138-13950 areas. Can’t see 1.4 or above just yet
Insane in the Brain..
  • #592,850
  • May 4, 2021 8:29am May 4, 2021 8:29am
GU

Squeeze Triangle.

Lets scalp

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  • #592,851
  • May 4, 2021 8:33am May 4, 2021 8:33am
Quoting Nd10
Funny enough dxy falls and GU falls too. Can anyone explain that please
https://en.m.wikipedia.org/wiki/U.S._Dollar_Index

GBP weighed only 11% to calculate DXY, the main one is EUR
  • #592,852
  • May 4, 2021 8:37am May 4, 2021 8:37am
Bought into 1.3850 after seeing the pinbars on m15. Locking in asap, usual story. Looking for ABCD completion
https://www.tradingview.com/x/k5ePgZWt/
  • #592,853
  • May 4, 2021 8:40am May 4, 2021 8:40am
Quoting BeeTogether
{quote} We need a proper drop before upturn however as we ranging looks like it will be 138-13950 areas. Can’t see 1.4 or above just yet
Well let's see how it goes. Pending buy at 1.37
  • #592,854
  • May 4, 2021 8:42am May 4, 2021 8:42am
Quoting manuforex
{quote} https://en.m.wikipedia.org/wiki/U.S._Dollar_Index GBP weighed only 11% to calculate DXY, the main one is EUR
Hello Manu
Thanks a lot with the link. Just checked it out. Very informative
Gracias
  • #592,855
  • May 4, 2021 8:53am May 4, 2021 8:53am
Quoting Sang.Real
{quote} Something like this on Thursday/Friday on the Red news. ? {image}
every day is something like that for me sang, lol, have you had a good day? i have done well on the ftmo free trial, but terrible on my own trades so far
find a way to make money in your sleep or you work until you die
  • #592,856
  • May 4, 2021 8:57am May 4, 2021 8:57am
Quoting Sang.Real
GU Squeeze Triangle. Lets scalp {image}

Scalping after rejection.

May bounce from current levels to see up again. low risk trade!

I hope this trade work out....

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  • #592,857
  • May 4, 2021 9:03am May 4, 2021 9:03am
H1 trend is down in the whole and H4 the same.But trend down H1 is not direct.what we see now its not bottom of H1 trend,bottom now 1.3785 but can be more
  • #592,858
  • May 4, 2021 9:05am May 4, 2021 9:05am
should be big down til close ny currently 13850, longs awaiting
twitter: @gettoefl
  • #592,859
  • May 4, 2021 9:06am May 4, 2021 9:06am
come on bulls
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yes yes yes
  • #592,860
  • May 4, 2021 9:22am May 4, 2021 9:22am
Quoting pipbasket
{quote} every day is something like that for me sang, lol, have you had a good day? i have done well on the ftmo free trial, but terrible on my own trades so far
Hi Pip Basket.

Having a very lucky day. All my trade are based on SNR set up. Must be my newbie luck trades went well.

I love to scalp, probably on the M30 or H1 chart (since I can't calculate very fast)

Drawback is, intraday just requires a little more focus because unlike swing or long term traders, it's not set it and forget it deal.

But the returns are incredible.

So now I focus on the large trends (h4/Daily) in currency pairs, and look for opportunities to hop aboard & get out.

This costs me about 1-3hrs per day

That's why it's important for me to have rules so that I don't focus on what happens because anything can happen..

Just follow my scalping rules on SNR set up.

Well that is all for now. happy trading, and stay safe out there!

Sang Real
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