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Cable Update (GBPUSD)

  • #593,201
  • May 6, 2021 2:27am May 6, 2021 2:27am
No business down there
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Twitter: Rummer_grapes
  • #593,202
  • May 6, 2021 2:29am May 6, 2021 2:29am
Quoting Wavegarrick
Hi Guys, With price sitting flat on my daily pivot there is no doubt in my mind that the news in a bit less than 2 hrs is going to be defining for direction. Kathy Lien is one of the better analysts in my opinion and she expects the pound to strengthen following the news. https://www.forexfactory.com/news/10...xpect-from-boe. This goes against my techs......Damn.. I wait and see, Trade safe
I tried to play this range but failed miserably so far. No GBP USD positions here at the moment, waiting for a break in any direction above 1.3912 or below 1.3885. I expect a couple of whiplashes on each side before finding a clear direction. Test , break out and get in at the re-test would be my play. MPC news today is significant though. I guess it will be pretty explosive afterwards. My expectation is contrary to Kathy Lien and is that cable will continue to go south towards 1.38 possibly below, setting a weekly low by tomorrow (Friday) pm. IMO
Green pips to all
Did you place your stop loss order? Why not?!? Story of my life...
  • #593,203
  • May 6, 2021 2:32am May 6, 2021 2:32am
Quoting Sang.Real
{quote} GU In negative overall position now. Holding on to Stop Loss below Hope price will increase soon. {image}

GU


Several attempt to break this range box.

I hope it break above before the news.

And stay above it. No more going back into the BOX.

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  • #593,204
  • May 6, 2021 2:33am May 6, 2021 2:33am
It can go up.to 1.39311
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yes yes yes
  • #593,205
  • May 6, 2021 2:35am May 6, 2021 2:35am
Adding sell,, just a bulltrap
  • #593,206
  • May 6, 2021 2:38am May 6, 2021 2:38am
Quoting Moty
It can go up.to 1.39311 {image}
The resistence at 1.39200 will be cleared Moty on today GBP data release .Stay long , the entire xxxUSD pairs are extremely bullish. EU,GU in rally mode till Friday at close.
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #593,207
  • May 6, 2021 2:39am May 6, 2021 2:39am
Quoting Pipa1
{quote} The resistence at 1.39200 will be cleared Moty on today GBP data release .Stay long , the entire xxxUSD pairs are extremely bullish. EU,GU in rally mode till Friday at close.
Agree
  • #593,208
  • May 6, 2021 2:40am May 6, 2021 2:40am
max 1.39450 for high today ,will see dumper at that TL
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #593,209
  • May 6, 2021 2:44am May 6, 2021 2:44am
GU was bought at 1.38 few days ago to be pushed above 1.40++.The chart is full of institutional footprints around that number.
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #593,210
  • May 6, 2021 2:48am May 6, 2021 2:48am
I bought right at the low on Tuesday at 1.38403. Anticipating it taking the orders above the highs over 1.4000 that have been accumulating since beginning of March
  • #593,211
  • May 6, 2021 2:51am May 6, 2021 2:51am
Quoting Pipa1
GU was bought at 1.38 few days ago to be pushed above 1.40++.The chart is full of institutional footprints around that number.
Hello Pipa1,

Just out of curiosity, how do see institutional foot prints ( buyers/seller) on a chart?
  • #593,212
  • May 6, 2021 2:52am May 6, 2021 2:52am
Quoting Sang.Real
{quote} GU Several attempt to break this range box. I hope it break above before the news. And stay above it. No more going back into the BOX. {image}

GU


Must be my very lucky day trading today. Just beautiful candle formation inside the BOX

The range BOX does help to focus on trade set up.

Red News in few hours. Must get ready for next trading set up.

Expect minor pullback during the news and price continue going up. Set you SL.

Hope to see the trade set up soon.

Good luck. Newbie need luck.


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  • #593,213
  • May 6, 2021 2:54am May 6, 2021 2:54am
Quoting Sang.Real
{quote} GU Must be my very lucky day trading today. Just beautiful candle formation inside the BOX The range BOS does help to focus on trade set up. Red News in few hours. Must get ready for next trading set up. Expect minor pullback during the news and price continue going up. Set you SL. Hope to see the trade set up soon. Good luck. Newbie need luck. {image}
Hello Sang,
May I know, which broker do you use for trading?
  • #593,214
  • May 6, 2021 2:59am May 6, 2021 2:59am
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yes yes yes
  • #593,215
  • May 6, 2021 3:01am May 6, 2021 3:01am
Quoting Pipa1
{quote} The resistence at 1.39200 will be cleared Moty on today GBP data release .Stay long , the entire xxxUSD pairs are extremely bullish. EU,GU in rally mode till Friday at close.
1.3920 hard to defeat, back to 1.3800
  • #593,216
  • May 6, 2021 3:02am May 6, 2021 3:02am
Quoting IBabyTrader
{quote} Hello Pipa1, Just out of curiosity, how do see institutional foot prints ( buyers/seller) on a chart?
Clustering the volume mostly.Reading between horizontal lines
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #593,217
  • May 6, 2021 3:04am May 6, 2021 3:04am
Good day Gang,

We finally have the BULL F.O. Probably time for bears to drive in.

Be Kind
  • #593,218
  • May 6, 2021 3:06am May 6, 2021 3:06am
Quoting voeltoez
{quote} 1.3920 hard to defeat, back to 1.3800
This is where GBP data release comes into playNothing is hard on the market.It takes time for accumulation ,SL hunting but is going to be done.
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #593,219
  • May 6, 2021 3:07am May 6, 2021 3:07am
fomo , let see what happen in next 1 hour
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #593,220
  • May 6, 2021 3:10am May 6, 2021 3:10am
Quoting Sang.Real
{quote} GU Must be my very lucky day trading today. Just beautiful candle formation inside the BOX The range BOX does help to focus on trade set up. Red News in few hours. Must get ready for next trading set up. Expect minor pullback during the news and price continue going up. Set you SL. Hope to see the trade set up soon. Good luck. Newbie need luck. {image}
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i more expected this
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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