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Cable Update (GBPUSD)

  • #593,261
  • May 6, 2021 7:14am May 6, 2021 7:14am
Based on the last weekly candle, this week has to go bearish close.
So today I count on bulls and tomorrow major fall. By tomorrow election results may also be there along with the NFP.

At the moment it seems the correction is made due to the news event of BoE. I am anticipating 1.397x and then fall to 1.3750.
Lets see how it goes.
My observation may be wrong but intent correct. Stay calm!
  • #593,262
  • May 6, 2021 7:20am May 6, 2021 7:20am
Quoting Sang.Real
{quote} GU This is bad entry. May have to cut it. {image}

GU

Add position. Hope this will help to push price lower.


Attached Image (click to enlarge)
Click to Enlarge Name: gu 050.jpg Size: 237 KB
  • #593,263
  • May 6, 2021 7:22am May 6, 2021 7:22am
Is filling orders in this empty area . It's completely clearing the resistence 1.39000 - 1.39250 ,once it's done is going to move to 1.3975.Stay LONG.
Attached Image
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #593,264
  • May 6, 2021 7:24am May 6, 2021 7:24am
Quoting Nd10
{quote} Bossman, no b small thing. Lot d alright. Let's see how it goes
Taken out at BE
Fuxk it
  • #593,265
  • May 6, 2021 7:31am May 6, 2021 7:31am
Quoting Sang.Real
{quote} GU Add position. Hope this will help to push price lower. {image}

GU

What the luck !



Attached Image (click to enlarge)
Click to Enlarge Name: gu 051.jpg Size: 317 KB
  • #593,266
  • May 6, 2021 7:36am May 6, 2021 7:36am
Quoting Pipa1
Is filling orders in this empty area . It's completely clearing the resistence 1.39000 - 1.39250 ,once it's done is going to move to 1.3975.Stay LONG.{image}
They're building sell orders to buy up and take it higher. Without sell orders on the other side, they have nothing to buy.
  • #593,267
  • May 6, 2021 7:39am May 6, 2021 7:39am
Quoting Sang.Real
{quote} GU What the luck ! {image}
I thought, GU is only for Support and Resistance Masters.
Not for a newbie like me.

SU
  • #593,268
  • May 6, 2021 7:39am May 6, 2021 7:39am
Quoting Sang.Real
{quote} GU What the luck ! {image}
I entered short at 3922 too but was chicken out and closed at 3915 (as always &#129394. Really need to do something with that
  • #593,269
  • May 6, 2021 7:48am May 6, 2021 7:48am
Adding to my longs at last. Buy stop 3911, Longterm. Cheers all !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #593,270
  • May 6, 2021 7:50am May 6, 2021 7:50am
Quoting bilam204
{quote} I entered short at 3922 too but was chicken out and closed at 3915 (as always &#129394. Really need to do something with that
Just watch where price is going.

Approaching SNR zone, price will react.

Either stall, pull back

Search in LTF to look at Price Action

This level also known as PPZ.

Multiple RBS/SBR/SRF occurs earlier.

What's next ?

Price will range a bit between SNR level.

I'm scalping again after this trade done.

My Newbie view - 2 cents

Attached Image (click to enlarge)
Click to Enlarge Name: GU 052.jpg Size: 248 KB
  • #593,271
  • May 6, 2021 7:51am May 6, 2021 7:51am
Quoting MrFanciful
{quote} They're building sell orders to buy up and take it higher. Without sell orders on the other side, they have nothing to buy.
That's why they invented the day traders.Creating orders where there are no orders
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #593,272
  • May 6, 2021 7:53am May 6, 2021 7:53am
long to 1.39500
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 35 KB
Click to Enlarge Name: gu2.png Size: 31 KB
yes yes yes
  • #593,273
  • Edited 8:27am May 6, 2021 7:59am | Edited 8:27am
Quoting mysterio
Biased to the short side now. DXY is crashing but GU won't move higher. So I think when US Dollar pulls back GU will fall. Lets see. DXY demand at 90.8-90.88
Holding this view, any pull up is an opportunity to short

Edit-strike this. Have a reversal signal on 1.3890. Unbiased as of now. Have to follow the PA
  • #593,274
  • May 6, 2021 8:04am May 6, 2021 8:04am
Quoting Sang.Real
{quote} Just watch where price is going. Approaching SNR zone, price will react. Either stall, pull back Search in LTF to look at Price Action This level also known as PPZ. Multiple RBS/SBR/SRF occurs earlier. What's next ? Price will range a bit between SNR level. I'm scalping again after this trade done. My Newbie view - 2 cents {image}
Thanks. You identify SNR zone yourself right? I mean it is essential to identify it right
  • #593,275
  • May 6, 2021 8:09am May 6, 2021 8:09am
Quoting Moty
long to 1.39500 {image} {image}
What about your sell
  • #593,276
  • May 6, 2021 8:12am May 6, 2021 8:12am
Quoting Sang.Real
{quote} GU What the luck ! {image}
GU

Lower Time Frame Assessment.

Always find good pullback area at SNR zone.

You will never be disappointed.

It gives you low risk entry.

Note : I miss the entry anyway coz too much typing...lol.

Anyway, no complain, my luck is still good for today.


Attached Image (click to enlarge)
Click to Enlarge Name: GU 053.jpg Size: 281 KB
  • #593,277
  • May 6, 2021 8:14am May 6, 2021 8:14am
Quoting MrFanciful
{quote} They're building sell orders to buy up and take it higher. Without sell orders on the other side, they have nothing to buy.
They seems to do nothing
My observation may be wrong but intent correct. Stay calm!
  • #593,278
  • May 6, 2021 8:14am May 6, 2021 8:14am
Quoting bilam204
{quote} Thanks. You identify SNR zone yourself right? I mean it is essential to identify it right

YES.

Support & Resistant is basic tool for Newbie.

Professional and Experienced Traders don't use it.

Newbie must start from this to make progress.

I've already learn SNR for almost One Year and still struggling to understand it.
  • #593,279
  • May 6, 2021 8:18am May 6, 2021 8:18am
Quoting Nd10
{quote} What about your sell
i closed it at be made a mistake with the tp , was too greedy ,
in the end i left with noting
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 31 KB
yes yes yes
  • #593,280
  • May 6, 2021 8:20am May 6, 2021 8:20am
Quoting JayBag
{quote} Hey Kris, 1.39361 and 1.39078 are reversal areas but I am currently rooting for 1.39078 to provide the liquid metal bears need RN. BTW, 1.39078 is also a confluence
Oh well, 1.3936 seems to be capping/capped it even though I was rooting for 1.390 initially . No much difference if one is always prepared for ANYTHING..

I strongly feel like we auth to drop on the DAILY convincingly today and tomorrow.

StaySafe and Be kind gang
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