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Cable Update (GBPUSD)

  • #594,321
  • May 12, 2021 2:32am May 12, 2021 2:32am
Quoting parshal
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.

pop and there we go ....
Insane in the Brain..
  • #594,322
  • May 12, 2021 2:33am May 12, 2021 2:33am
Quoting mtako
...Got a potential bottom of range volatility trade forming. Lets see if bulls are strong enough to get back to 41287 right now Buy stop + stop-loss of my short @ 1.41287 Back to bed !
Morning ! First trade of the day bought again 4142.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #594,323
  • May 12, 2021 2:35am May 12, 2021 2:35am
Quoting NotAtrader
{quote} 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.
Yea, it is a reliable pattern but I would still wait for confirmation, like wait for a good move down to confirm it then sell the first pullback. Shorting into a spike rarely a good idea, can get lucky sometimes but i'd wait in this case

At the moment..no sign of bears
  • #594,324
  • May 12, 2021 2:38am May 12, 2021 2:38am
Quoting BeeTogether
{quote} pop and there we go ....
Perhaps month May = Taurus = Bulls
My observation may be wrong but intent correct. Stay calm!
  • #594,325
  • May 12, 2021 2:39am May 12, 2021 2:39am
Quoting mysterio
{quote} Yea, it is a reliable pattern but I would still wait for confirmation, like wait for a good move down to confirm it then sell the first pullback. Shorting into a spike rarely a good idea, can get lucky sometimes but i'd wait in this case At the moment..no sign of bears
In the moment of writing the price is at 61% fibs and gets rejected (for now)

If this level gets penetrated - we can maybe say bye bye shorts for the day.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #594,326
  • May 12, 2021 2:41am May 12, 2021 2:41am
i think the trend direction will be clearly after the CPI released until then we have to watch the cable in which direction the cable will move.
  • #594,327
  • May 12, 2021 2:42am May 12, 2021 2:42am
It's now or never
Attached Image (click to enlarge)
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yes yes yes
  • #594,328
  • May 12, 2021 2:43am May 12, 2021 2:43am
Quoting NotAtrader
{quote} In the moment of writing the price is at 61% fibs and gets rejected (for now)
Hypothetical trade, i'm already short but if I was going to add on I'd wait for a more solid rejection then wait for a pullback to sell. Then the pattern projects a break of the last low

It might fail! such is trading/life

DXY situation..we had a strong reaction off of the 90 handle/demand level as expected..then bounced off of a broken daily TL so this may be the range for the time being

We have the reverse situation on DXY, W pattern on a very strong level with retracement leg...so either it's powering up for a bullish move or they're crooking us big league

https://www.tradingview.com/x/rmAuT09V/

https://www.tradingview.com/x/9u7fXAPQ/

Edit- still no sign, waiting for now
  • #594,329
  • May 12, 2021 2:47am May 12, 2021 2:47am
Quoting NotAtrader
{quote} In the moment of writing the price is at 61% fibs and gets rejected (for now) If this level gets penetrated - we can maybe say bye bye shorts for the day.

Quoting mysterio
{quote} Hypothetical trade, i'm already short but if I was going to add on I'd wait for a more solid rejection then wait for a pullback to sell. Then the pattern projects a break of the last low It might fail! such is trading/life https://www.tradingview.com/x/rmAuT09V/
I just edited my previous post and updated the quote.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #594,330
  • May 12, 2021 2:49am May 12, 2021 2:49am
Quoting Moty
It's now or never {image}
it will happen. It should have happened yesterday but it will happen. The drop might not expose 139 however 140 area is always a good point to look for buys
Insane in the Brain..
  • #594,331
  • May 12, 2021 2:50am May 12, 2021 2:50am
Quoting Sang.Real
{quote} GU Pull back zone. Break above invalidate short position. If hold, possible to add more position {image}
Respect bossku!
You're the best trader from Malaysia I know so far
Be like water, my friend!
  • #594,332
  • May 12, 2021 2:51am May 12, 2021 2:51am
761.5 might be an all important number for the bull, now that it is holding support perhaps prices again might get to previous high before any further up movements
Attached Image (click to enlarge)
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Keep the Lights on then you can catch the rise from the dark.
  • #594,333
  • May 12, 2021 2:52am May 12, 2021 2:52am
A small new high is required for fall.
  • #594,334
  • May 12, 2021 2:59am May 12, 2021 2:59am
cable is in a sideway right now have to watch which direction will goes.
  • #594,335
  • May 12, 2021 3:00am May 12, 2021 3:00am
Im short again 1.4140
Trade with prediction = witch with her visions lol
  • #594,336
  • May 12, 2021 3:01am May 12, 2021 3:01am
G/M,

Uk GDp #'s etc not as bad as feared. Uk Boe's Gvnr Bailey speaks again today soon - this time about the time he got stuck in a lift with a hoola hoop salesman, or some such thing. This site giving it a red flag for potential impact on markets !

Pullback from y/day's 4166 hi finding late asian and early london session support at the same previous 1hr/4hr swing lo leading down to y/day's lo/Dly S1.

U.s data later too.

1hr below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #594,337
  • May 12, 2021 3:02am May 12, 2021 3:02am
Quoting maziarb
A small new high is required for fall.
NO bro, above 1.4167 and price will push it for more 200 pips

price is in excellent setup to drop, 1h/4h first target 1.407X
  • #594,338
  • May 12, 2021 3:03am May 12, 2021 3:03am
Tapped into the H4 supply now, lets see
Attached Image (click to enlarge)
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  • #594,339
  • May 12, 2021 3:06am May 12, 2021 3:06am
Quoting Moty
It's now or never {image}
you're right mate but after 5-6 hours when it would have touched it's maximum peak and start falling till tomorrow eve, holding 700 lots approx for 100 pips approx
Precise Execution!
  • #594,340
  • May 12, 2021 3:08am May 12, 2021 3:08am
the steepest rise in 4 hours
Precise Execution!
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