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Cable Update (GBPUSD)

  • #594,081
  • May 11, 2021 3:47am May 11, 2021 3:47am
...there is a repeating pattern of 1hr bullish hidden div on my oscillators and it might stay valid on a deeper sell off so long as price stays above 4014. 1hr is below.
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Trader with an Edge.
  • #594,082
  • May 11, 2021 3:50am May 11, 2021 3:50am
Quoting BeeTogether
{quote} heres hoping lol. Knowing my luck he will be how great we are doing etc
Yeah hope it goes down. As DXY has smashed down but cable stil holding the current level.
I see 1.4085 key area if it has to bounce up. If it does not then the chances of drop are even stronger to 1.38x area.
My observation may be wrong but intent correct. Stay calm!
  • #594,083
  • May 11, 2021 3:56am May 11, 2021 3:56am
Quoting mtako
buy stop 4116, still bottom of range for me

Quoting mtako
{quote} Moved SL at BE Will renter this one if we go play under 4108 and come back up while volatility is still growing.

Now that is rare ! Nice ! Exactly happened as my first planned scenario(the first of too many ) Moved SL at BE ! Wish I had Moty's hammer to hammer that BE in deeper so it sticks ! Hope this one will last a bit longer!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #594,084
  • May 11, 2021 3:58am May 11, 2021 3:58am
Quoting Moty
{quote} The mf are squeezing It will drop soon {image} {image} {image}
Today or tomorrow watch for 1.40 area to reverse back to long.Who bought above 1.41 will be murdered.
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #594,085
  • May 11, 2021 3:59am May 11, 2021 3:59am
Stopped out
yes yes yes
  • #594,086
  • May 11, 2021 3:59am May 11, 2021 3:59am
Quoting JayBag
{quote} 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
Cheers bro!

Time was I have enough, account wise unfortunately IG has a margin call thing which does my head in.. it used to let you trade till you ran out.
Insane in the Brain..
  • #594,087
  • May 11, 2021 4:00am May 11, 2021 4:00am
...inverted hammer followed by a hammer - the last two closes on 1hr now. Hammer close on gmt+3 4hr feed also, below.

How strong are the £ bulls now?
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Trader with an Edge.
  • #594,088
  • Edited 4:36am May 11, 2021 4:01am | Edited 4:36am
More longs

4H impulse subdivision abc correction visible on 1h , could be another good push up

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Follow The Markets Structure - Patience and Discipline
  • #594,089
  • May 11, 2021 4:03am May 11, 2021 4:03am
sell if she passes 1.4093
"returning" to the range or down

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if not
to be prepare for ...till 1.4310th.., funny isn't it

"monthly range" was broken ( 1.4016 ).., pay attention to it please
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dolce vita
  • #594,090
  • May 11, 2021 4:03am May 11, 2021 4:03am
Any swing traders out here? If we assume all 4 pairs move together (which they kind of do) what do you think is happening, are we breaking previous highs and resume the trend or not?
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  • #594,091
  • May 11, 2021 4:05am May 11, 2021 4:05am
Re entered
Crooks candle
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yes yes yes
  • #594,092
  • May 11, 2021 4:05am May 11, 2021 4:05am
bull presence assured, prices to move higher. 1.41780 first target
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Keep the Lights on then you can catch the rise from the dark.
  • #594,093
  • May 11, 2021 4:07am May 11, 2021 4:07am
...definitely a 'rounded bottom' pattern to that 3669 lo (oooh matron!) on dly, below.

That previous swing hi to 4117 held 3 times as resistance @ 4005, 4002, then 4009 before the upside break so was a significant area....may be so again as potential rbs if tested ?
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Trader with an Edge.
  • #594,094
  • May 11, 2021 4:14am May 11, 2021 4:14am
Quoting Tekin
Watching now. Today is long enough to loose money with sell {image}

i gave bears last chance at 1.4144 where is the bottom redline. and put my sl 10 pips above 1.4186 closing screen tp 1.40
  • #594,095
  • May 11, 2021 4:23am May 11, 2021 4:23am
Quoting mysterio
Watching the red area for renewed shorting.. not sure if they're coming for my breakeven stops :/ {image}
just shorted again 1.4141, everything locked in

Unfortunately missing a lot of opportunities to TP and reload. Just buying 1.4110 has been a valid scalping strategy this morning

Just waiting for the dollar to do one, currently trapped between a TL and demand level

Bit of a megaphone situation on the 5m. Also a W type pattern which is a bullish arrangement. Prepared for a break up, if so i'll step back and wait for more clarity. Maybe wants to run above yesterdays highs :/
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  • #594,096
  • May 11, 2021 4:24am May 11, 2021 4:24am
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yes yes yes
  • #594,097
  • May 11, 2021 4:26am May 11, 2021 4:26am
부디...........
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  • #594,098
  • May 11, 2021 4:26am May 11, 2021 4:26am
Quoting BeeTogether
{quote} Cheers bro! Time was I have enough, account wise unfortunately IG has a margin call thing which does my head in.. it used to let you trade till you ran out.
I understand. Choice of Broker plays a huge role in our success but we are not ready for that conversation. For me, I am glad my buddy MzansiObi hooked me up with a great broker that allows me to as I please. (it's a local broker and I'm not sure I can promote them)

Stay Safe bud
  • #594,099
  • May 11, 2021 4:27am May 11, 2021 4:27am
4146 is high today probably.

4146 to 4050 atleast ?

I sold. My stop 4150
Intraday only.
  • #594,100
  • May 11, 2021 4:27am May 11, 2021 4:27am
Quoting Liza J
SHORT....! SHORT...! SHORT...! Ugh! Why can't the price fall harderrrrr....fasterrrr!...the only short I can see right now is the shorts that I'm wearing! hahahaha
For so many reasons, I imagine. Yess me too is the shorts I am wearing Thanks for the laugh!

And thankfully, Hans Christian Andersen wrote extensively about it all. Beautiful Trading Fairy Tales.

We know, thanks to him, that we only need one good reason at any given moment for it not falling.

At this moment, the reason for Hans is that the bears are sleeping more than the steady bulls for 6 days now. They got new beds, extra comfy. Big Problem.

Maybe need to wait for a strong enough bear (comparable to present and recent bulls) to wake up. Maybe open the honey jar....

And did you guys/gals know ? They hibernate those bloody *?%&$! and for who knows how longgggzzzzzzzzzzz


Patience I guess , or buy again


P.S sorry all !!! One espresso too many . And probably finished trading for the day. Its ranging heaven still, and I usually love to range scalp, but I am taking a break from those to take care of some other stuff.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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