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Cable Update (GBPUSD)

  • #594,061
  • May 11, 2021 2:56am May 11, 2021 2:56am
I knew it
Bulls trap
i put a sl just above the last cabdle , just in case
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yes yes yes
  • #594,062
  • May 11, 2021 3:00am May 11, 2021 3:00am
...1hr closes as a bullish-bodied inverted hammer.
Trader with an Edge.
  • #594,063
  • May 11, 2021 3:05am May 11, 2021 3:05am
Quoting Headland
...1hr closes as a bullish-bodied inverted hammer.
This is rejaction candle
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yes yes yes
  • #594,064
  • May 11, 2021 3:10am May 11, 2021 3:10am
Good Morning Gang,

I think we are facing declines from these levels. Personally would not think of investing in longs for keeps and that's on me.
Today should be interesting for Liu

Take care and be KIND (Always)
  • #594,065
  • May 11, 2021 3:11am May 11, 2021 3:11am
Quoting mtako
{quote} It can work on lower TF. But better not to sell at the bottom of ranging period that has already lasted so many hours. We never really can know when they will end. Also, they tend to shift lightly upwards or downwards so any reaches out of their limits usually means nothing. Needs more confirmation... We are always learning ! Cheers Theoak !
You are right bud. I only wanted 7 pips and the bear run was a bit of a hope. Big money defo Bull!!!!
Don't trade what you think. Just what you see!!!
  • #594,066
  • May 11, 2021 3:18am May 11, 2021 3:18am
Quoting JayBag
Good Morning Gang, I think we are facing declines from these levels. Personally would not think of investing in longs for keeps and that's on me. Today should be interesting for Liu Take care and be KIND (Always)
https://twitter.com/i/status/1391682269853716480
  • #594,067
  • Edited 3:34am May 11, 2021 3:18am | Edited 3:34am
Quoting JayBag
Good Morning Gang, I think we are facing declines from these levels. Personally would not think of investing in shorts for keeps and that's on me. Today should be interesting for Liu Take care and be KIND (Always)
Now we agree! Best shorting opp on the pound since the 25th of Feb

Could be wrong, protected with BE stops for now.. breaks above 1.4180 make me re-think.

And yea, people said I was tripping for buying at 1.38 too, gotta just stick to your plan

The move yesterday was a run on buyside liquidity, was waiting for that move for a couple of weeks..no way are the banks going to leave 100s of billions of dollars up there untapped before any move down
  • #594,068
  • May 11, 2021 3:24am May 11, 2021 3:24am
I needs to fall back to 1.39808 if i want to Break Even!!!! Damn...i suck
  • #594,069
  • May 11, 2021 3:26am May 11, 2021 3:26am
Descending flag formation in 1H and 4H, short GU now.
Target 1: 1.4009
Target 2: 1.3880
Stop Loss: 1.4180
  • #594,070
  • May 11, 2021 3:28am May 11, 2021 3:28am
1.41000 and 1.41600 are the key levels for now, will see.
I would prefer a bullish option but I closed my 114 pips yesterday so now I will just buy a popcorn and watch a show
  • #594,071
  • May 11, 2021 3:29am May 11, 2021 3:29am
Im Still waiting Mr liu to come..
Peace Yo!
  • #594,072
  • May 11, 2021 3:30am May 11, 2021 3:30am
Quoting JayBag
Good Morning Gang, I think we are facing declines from these levels. Personally would not think of investing in longs for keeps and that's on me. Today should be interesting for Liu Take care and be KIND (Always)
As I might have jumped the gun in going short Friday afternoon any recovery to 13975 would be greatly appreciated however being a realist I know ideal levels to realistic levels are very different
Insane in the Brain..
  • #594,073
  • May 11, 2021 3:30am May 11, 2021 3:30am
Quoting makati
Descending flag formation in 1H and 4H, short GU now. Target 1: 1.4009 Target 2: 1.3880 Stop Loss: 1.4180
1.3880 you think is possible? that huge drop?
  • #594,074
  • May 11, 2021 3:31am May 11, 2021 3:31am
Quoting BeeTogether
{quote} As I might have jumped the gun in going short Friday afternoon any recovery to 13975 would be greatly appreciated however being a realist I know ideal levels to realistic levels are very different
I did the same...waiting for huge drops today and tomorrow...
  • #594,075
  • May 11, 2021 3:36am May 11, 2021 3:36am
Quoting BeeTogether
{quote} As I might have jumped the gun in going short Friday afternoon any recovery to 13975 would be greatly appreciated however being a realist I know ideal levels to realistic levels are very different
You'll be fine, just waiting for Bailey to trash talk the Pound
  • #594,076
  • May 11, 2021 3:38am May 11, 2021 3:38am
bears must now battle with 1.40960 for sell confirmation exercise. If it holds then bulls have the day!!!
Keep the Lights on then you can catch the rise from the dark.
  • #594,077
  • May 11, 2021 3:39am May 11, 2021 3:39am
Quoting mysterio
{quote} Now we agree! Best shorting opp on the pound since the 25th of Feb Could be wrong, protected with BE stops for now.. breaks above 1.4180 make me re-think. And yea, people said I was tripping for buying at 1.38 too, gotta just stick to your plan
Most definitely bro. I think the most difficult part is sticking with an idea even if it looks blurry at that point in time. I have since learned to stick with my crazy ideas even if many may think this guy crazy.

I like how you always protect your orders. Even if I don't play around SL, I must applaud those that use them.

Let's see how EOD looks like
Be kind bro
  • #594,078
  • May 11, 2021 3:40am May 11, 2021 3:40am
Quoting Sang.Real
GU Newbie Mapping For educational purposes only. Any comment welcome. Thanks H4 Structure/ SNR Level {image} M15 Entry {image} P/s Not recommendation for trading , just for educational purposes only.
GU

Waiting to hit target for reversal trade.

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  • #594,079
  • May 11, 2021 3:43am May 11, 2021 3:43am
Quoting BeeTogether
{quote} As I might have jumped the gun in going short Friday afternoon any recovery to 13975 would be greatly appreciated however being a realist I know ideal levels to realistic levels are very different
Hey buddy, I fully understand you. Uhm, as I always say, I don't think you may have jumped the gun if LOT size corresponds with your account balance. In reality, we are filled with ideas of directions ONLY. None of us knows the exact point it will head to our initial idea.

Let's give it time and if you able to hold longer, we should be cashing out on shorts soon.

Let's see bro
Take Care
  • #594,080
  • May 11, 2021 3:45am May 11, 2021 3:45am
Quoting mysterio
{quote} You'll be fine, just waiting for Bailey to trash talk the Pound
heres hoping lol. Knowing my luck he will be how great we are doing etc
Insane in the Brain..
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