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Cable Update (GBPUSD)

  • #594,301
  • May 12, 2021 12:44am May 12, 2021 12:44am
Quoting Tekin
{quote} 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
Retesting???

ok waiting
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  • #594,302
  • May 12, 2021 1:04am May 12, 2021 1:04am
Quoting gatenio
{quote} thread gone quiet because nothing happens.. GU complete half cycle, and weakness present. i guess a lot of buy stop activated after breaking Monday high.. now its time for them to suffer. week below 1.4 make sense, if bears will be wild, 1.3865 {image}
do you also think that this break of monthly inside bar is insignificant?
yes, could be false
or if she fall, 1.4016 will tell

btw, as usual, we have to be able to earn no matter where she goes.., try at least

stay safe

P.S. about "down".., nice wolfe wave pattern formed on 4H.., let's see if she bring us to 1.3750th (again)
we have to be ready to everything (??!)
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dolce vita
  • #594,303
  • May 12, 2021 1:08am May 12, 2021 1:08am
Quoting babayaga
{quote} do you also think that this break of monthly inside bar is insignificant? yes, could be false or if she fall, 1.4016 will tell btw, as usual, we have to be able to earn no matter where she goes.., try at least stay safe P.S. about "down".., nice wolfe wave pattern formed on 4H.., let's see if she bring us to 1.3750th (again) we have to be ready to everything (??!) {image}
would be my dream if it goes to 1.38 or 1.37 But it will take few weeks i think?
  • #594,304
  • May 12, 2021 1:11am May 12, 2021 1:11am
This fucker doesn't want to give up
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yes yes yes
  • #594,305
  • May 12, 2021 1:20am May 12, 2021 1:20am
Quoting Moty
This fucker doesn't want to give up{image}
let them run off fuel..
move your tp for 100 pips down, sit back.. enjoy life.. or get into shelter
  • #594,306
  • May 12, 2021 1:25am May 12, 2021 1:25am
Quoting Pipa1
GU is about to break bellow 1.41.Bears here we go .Time to dance on London.Not shorting GU but LONG EURGBP at 0.86,LONG UJ at 108.5.{image}
GU not going anywhere it seems.. even if the Uk data wasn’t all good
Insane in the Brain..
  • #594,307
  • May 12, 2021 1:26am May 12, 2021 1:26am
Quoting gatenio
{quote} let them run off fuel.. move your tp for 100 pips down, sit back.. enjoy life.. or get into shelter
i agree this one is gonna be a slow burn
Insane in the Brain..
  • #594,308
  • May 12, 2021 1:34am May 12, 2021 1:34am
Quoting Moty
This fucker doesn't want to give up{image}
Inserted Video
dolce vita
  • #594,309
  • May 12, 2021 1:39am May 12, 2021 1:39am
Quoting babayaga
{quote} do you also think that this break of monthly inside bar is insignificant? yes, could be false or if she fall, 1.4016 will tell btw, as usual, we have to be able to earn no matter where she goes.., try at least stay safe P.S. about "down".., nice wolfe wave pattern formed on 4H.., let's see if she bring us to 1.3750th (again) we have to be ready to everything (??!) {image}
i dont use Weekly chart, so Monthly.. i dont think this is a decent info for trading.. maybe investing.
it's like trading crypto and TA charts.. useless..

p.s im not safe, my average short is underwater more then 50 pips..
  • #594,310
  • May 12, 2021 1:45am May 12, 2021 1:45am
Quoting gatenio
{quote} thread gone quiet because nothing happens.. GU complete half cycle, and weakness present. i guess a lot of buy stop activated after breaking Monday high.. now its time for them to suffer. week below 1.4 make sense, if bears will be wild, 1.3865{image} my guess, 1.39264 {image}
dig was no sl,s anyway, the wee drop has tapped and set the LTL of a 4hr rising channel, aka bear flag, now will see if she attempts to break that LTL on hrly shes pulled back to almost mid of channel, also 20 sma lurking there, approx 4136 not much to do in this channel but wait
If you are new to Forex? Say Goodbye to your account!!
  • #594,311
  • May 12, 2021 1:47am May 12, 2021 1:47am
Quoting Moty
This fucker doesn't want to give up{image}
All xxxUSD pairs gave up...be patient.This f....r have buy orders below 1.40.
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #594,312
  • May 12, 2021 1:49am May 12, 2021 1:49am
I am not a fan of Fibonacci but this bounce looks like 50% retracement of the fall done during the Asia session. More precisely 50% is exactly on the daily pivot level and the move up stopped just some pips below the pivot.
61% is at 1.4142. If it breaks that level then we are heading for another bullish day.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #594,313
  • May 12, 2021 1:51am May 12, 2021 1:51am
Possible H&S on 1 hour TF???
  • #594,314
  • May 12, 2021 1:55am May 12, 2021 1:55am
today range
1.41000--- 1.41750
Like me, cuts losses quickly. But has more patience and lets his winn
  • #594,315
  • May 12, 2021 1:56am May 12, 2021 1:56am
buy on the dip
maybe 1.40200 tp 1.43xxx
Like me, cuts losses quickly. But has more patience and lets his winn
  • #594,316
  • May 12, 2021 2:01am May 12, 2021 2:01am
W OR HEAD & SHOULDER
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  • #594,317
  • Edited 4:08am May 12, 2021 2:02am | Edited 4:08am
Quoting Nordling00
{quote} God, I love Mondays! Just as i expected, GBP appreciated before 12 May. Price may pullback but i will hold my long positions for at least 2 days more. Then we will see how UK GDP Growth Rate numbers will be. If it comes more than expected, i will take my profits and go. Hopefully it comes lower than expected so i can ride it to the moon
UK Growth Rate numbers came just a bit higher than expected*, which is still good for the value of GBP against USD. Now it's time to wait for US Core CPI numbers. I am still on my long position, i will decide what i am going to do with it after US Core CPI numbers are out.

Situation of my positions right now:

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Edit: Just clarified a misunderstanding.
You have to have an IQ higher than 90 to interact with this user.
  • #594,318
  • May 12, 2021 2:14am May 12, 2021 2:14am
Quoting NotAtrader
I am not a fan of Fibonacci but this bounce looks like 50% retracement of the fall done during the Asia session. More precisely 50% is exactly on the daily pivot level and the move up stopped just some pips below the pivot. 61% is at 1.4142. If it breaks that level then we are heading for another bullish day.
Agree, M pattern retracement leg

Great shorting opp (unless it fails and passes the fibs)
  • #594,319
  • May 12, 2021 2:29am May 12, 2021 2:29am
Quoting mysterio
{quote} Agree, M pattern retracement leg Great shorting opp (unless it fails and passes the fibs)
Yes but I wouldn't place long term shorts before it breaks 1.4100.
50% fib level could be good for scalping shorts. The distance between daily pivot and yesterday's close level is 28 pips. The price could shuttle between those two level (+/-) until the US session.

BTW I was looking at M5 TF

Not a trading advice. Just my view.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #594,320
  • May 12, 2021 2:29am May 12, 2021 2:29am
Goodmorning friends!
It was going sweetly down, I saw in between the Asia session.
And now by the london session, it goes up today. Perhaps another cycle of Bulls today.
I will sit and watch. Hopefully it does not breaks 1.4145.
My observation may be wrong but intent correct. Stay calm!
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