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Cable Update (GBPUSD)

  • #594,101
  • May 11, 2021 4:28am May 11, 2021 4:28am
there is no trend right now .........................( ADX 10 less than 30 on 30M time frame )
what does it mean?
with simple words..: or range ( and if this range is around 40 pips it can make your day ..,)
or "price-action"- break

lets see what today brings us


P.S. I am out for now, watching
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dolce vita
  • #594,102
  • May 11, 2021 4:33am May 11, 2021 4:33am
Bulls are coming....LONG trend seems to restart....
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  • #594,103
  • May 11, 2021 4:43am May 11, 2021 4:43am
1.4081 almost a fact.. maybe with the news.
  • #594,104
  • May 11, 2021 4:52am May 11, 2021 4:52am
Quoting gatenio
1.4081 almost a fact.. maybe with the news.
Retails are closing LONG positions....this is wheat for BULL.....
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  • #594,105
  • May 11, 2021 4:57am May 11, 2021 4:57am
Quoting helioss
{quote} Retails are closing LONG positions....this is wheat for BULL..... {image}
maybe, i have my setup down.
So im going down and add more, i really dont use volume, histograms of retailers information..
1. I dont have it
2. I dont know how to read it.
3. All the COT data, i cant find it useful, but i respect traders think it is.

peace and love
  • #594,106
  • May 11, 2021 4:59am May 11, 2021 4:59am
Quoting gatenio
{quote} maybe, i have my setup down. So im going down and add more, i really dont use volume, histograms of retailers information.. 1. I dont have it 2. I dont know how to read it. 3. All the COT data, i cant find it useful, but i respect traders think it is. peace and love
My post wasn't a critic but a simple warning.... good luck
  • #594,107
  • May 11, 2021 5:03am May 11, 2021 5:03am
I was on sell but with tight sl . Up or down still makin some profit. But on biggest frame i see possible reversal at these level. So ill stay alert with the sign

Also there is nothing to liquid on top anymore. Now the below is much and more liquid area. Ill stay alert
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #594,108
  • Edited 5:18am May 11, 2021 5:04am | Edited 5:18am
...still rangy intraday but 4hr, dly and wkly look 'constructive.'

1hr below shows the immediate range hi and lo.
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Trader with an Edge.
  • #594,109
  • May 11, 2021 5:10am May 11, 2021 5:10am
Quoting helioss
{quote} My post wasn't a critic but a simple warning.... good luck
no, you didnt get me right.
Nothing critic, i dont know what the meaning of retailers closing long..
have my chart, and my knowledge, if it failed.. so be it.
  • #594,110
  • May 11, 2021 5:14am May 11, 2021 5:14am
Quoting KiwiTrada
GB100 has pushed into resistance zone 7125ish daily weekly, open in 14mins, should confirm, with either gap up and fade, or gap down and keep going, will be interesting
7125 holding pa now 6961 17 not sure if anyone noticed or even trades GB100 but this trade is awesome :-)
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  • #594,111
  • May 11, 2021 5:16am May 11, 2021 5:16am
Quoting Headland
...still rangy intraday but 4hr, dly and wkly look 'constructive.' 1hr below shows the immediate range hi and lo. {image}
Also, but that is only from my strategies perspective, 1H trend and momentum still very much intact and powerful. For today, without at least a couple of consecutive closes below .41, they are still way at their heights and should be feared, in my view.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #594,112
  • May 11, 2021 5:22am May 11, 2021 5:22am
Come to me lovely .4180
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #594,113
  • May 11, 2021 5:26am May 11, 2021 5:26am
another funny thing...
about monthly inside bar ( H 1.4016, L 1.36693 ) - around 350 pips
the unwritten rule if inside bar gets broken it usually has to bring you 150% of... - 470 pips

1.4486th - is the target (??? )

or if this is a false break we can expect return.., break down.., and

1.3199th - is the target (??? )

doesn't seem unreal.., we only have to clear up the direction, that's it
...btw where we want to go (???)
to 1.45 or 1.32 (?)..,



P.S. ...and I will continue to scalp, trying to get 4 -30 - 100 pips doesn't matter
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dolce vita
  • #594,114
  • May 11, 2021 5:32am May 11, 2021 5:32am
Again they test the top of the channel mf
And dx again at 90
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yes yes yes
  • #594,115
  • May 11, 2021 5:37am May 11, 2021 5:37am
Quoting babayaga
another funny thing... about monthly inside bar ( H 1.4016, L 1.36693 ) - around 350 pips the unwritten rule if inside bar gets broken it usually has to bring you 150% of... - 470 pips 1.4486th - is the target (??? ) or if this is a false break we can expect return.., break down.., and 1.3199th - is the target (??? ) doesn't seem unreal.., we only have to clear up the direction, that's it ...btw where we want to go (???) to 1.45 or 1.32 (?).., P.S. ...and I will continue to scalp, trying to get 4 -30 - 100 pips doesn't matter {image}...

I was thinking like you last week according to daily close but at least two days up moves might continue more between red lines i try sell but sellers ratio is high i think it will not drop
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  • #594,116
  • May 11, 2021 5:48am May 11, 2021 5:48am
Crooky pa
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yes yes yes
  • #594,117
  • May 11, 2021 5:48am May 11, 2021 5:48am
It's a crude way of looking at things but generally the breakout is proportionate to the amount of time consolidating, and the market has been consolidating for a couple of months. We should at least see a test of the previous high around 1.42 - but anything can happen, and not in that order!
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  • #594,118
  • May 11, 2021 5:50am May 11, 2021 5:50am
Quoting Moty
Crooky pa {image} {image}
For the past day you seem to have been very sure that GBPUSD will fall.

I don't see any neutral biasness here. What makes you so certain that it would fall? I get that DXY is at bottoms but it could break support too right?

Just curious is all.
A 1 pip gain is better than a 1 pip loss.
  • #594,119
  • May 11, 2021 5:57am May 11, 2021 5:57am
Quoting Tekin
{quote} I was thinking like you last week according to daily close but at least two days up moves might continue more between red lines i try sell but sellers ratio is high i think it will not drop {image}
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dolce vita
  • #594,120
  • May 11, 2021 6:03am May 11, 2021 6:03am
Quoting aeternum
{quote} For the past day you seem to have been very sure that GBPUSD will fall. I don't see any neutral biasness here. What makes you so certain that it would fall? I get that DXY is at bottoms but it could break support too right? Just curious is all.
yes any pair can break S&R, could consider dix with hrly inverted H&S printed, with a clear neckline printed, either wait support until broken and wait for neckline BO, if it does H&S targets come into play, if 90 goes the head goes the H&S goes, ??
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