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Cable Update (GBPUSD)

  • #594,341
  • May 12, 2021 3:08am May 12, 2021 3:08am
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.
Rejected by 61% fib.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #594,342
  • May 12, 2021 3:09am May 12, 2021 3:09am
Quoting dimitricss
Im short again 1.4140
Close 10 pips
Trade with prediction = witch with her visions lol
  • #594,343
  • May 12, 2021 3:11am May 12, 2021 3:11am
Today I expect GBPUSD to go higher by around 1200 GMT and print a HH for the week around 1.4175/1.4180 but not above 1.4190/ 1.42 before we see the start of the anticipated decline, which will continue till Friday, possibly early next week as well. Breaking 1.42 and going above 1.42 today, will tempt the bulls to add to their positions and this will take her to 1.43 early next week and IMO.
Did you place your stop loss order? Why not?!? Story of my life...
  • #594,344
  • May 12, 2021 3:12am May 12, 2021 3:12am
Quoting KiwiTrada
{quote} 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
just might be time for another go at that LTL, last hr was doji??
If you are new to Forex? Say Goodbye to your account!!
  • #594,345
  • May 12, 2021 3:27am May 12, 2021 3:27am
Is 4106-4166 the new 4158-4103 ?
Trader with an Edge.
  • #594,346
  • May 12, 2021 3:37am May 12, 2021 3:37am
Quoting Headland
Is 4106-4166 the new 4158-4103 ?
Attached Image
  • #594,347
  • May 12, 2021 3:41am May 12, 2021 3:41am
Sell now
The GBP Index touched its target.
  • #594,348
  • May 12, 2021 3:41am May 12, 2021 3:41am
Quoting KiwiTrada
{quote} just might be time for another go at that LTL, last hr was doji??
both au nu looking to punch thru previous 4hr lows :-)
If you are new to Forex? Say Goodbye to your account!!
  • #594,349
  • May 12, 2021 3:42am May 12, 2021 3:42am
Quoting maziarb
Sell now The GBP Index touched its target.
Good luck for now
Precise Execution!
  • #594,350
  • May 12, 2021 3:43am May 12, 2021 3:43am
Quoting Sang.Real
{quote} GU Pull back zone. Break above invalidate short position. If hold, possible to add more position {image}

GU

Price couldn't break YL

Rejected. Closed position except one remains.

To enter short scalping again at SNR level with valid Price Action setup for sell.

Let price retrace higher level before selling. Waiting

Attached Image (click to enlarge)
Click to Enlarge Name: GU 098.jpg Size: 233 KB
  • #594,351
  • May 12, 2021 4:03am May 12, 2021 4:03am
Attached Image (click to enlarge)
Click to Enlarge Name: d6a994128155b7f30bce592fd14fdc2c.png Size: 25 KB
We will touch last weekly high this week. most probably!!
  • #594,352
  • May 12, 2021 4:08am May 12, 2021 4:08am
GBP INDEX
https://charts.mql5.com/28/727/gbp-ind-h4-alpari-2.png
  • #594,353
  • May 12, 2021 4:13am May 12, 2021 4:13am
Looking at the PA, it seems it will test the yesterday high with 1.418x as high.
My observation may be wrong but intent correct. Stay calm!
  • #594,354
  • May 12, 2021 4:14am May 12, 2021 4:14am
Quoting Sang.Real
{quote} GU Price couldn't break YL Rejected. Closed position except one remains. To enter short scalping again at SNR level with valid Price Action setup for sell. Let price retrace higher level before selling. Waiting {image}
Am I right?
Attached Image
TESTING MY STRATEGIES...
  • #594,355
  • May 12, 2021 4:15am May 12, 2021 4:15am
I look for a breakdown from this zone or I wait on the sidelines
Attached Image (click to enlarge)
Click to Enlarge Name: GU 15m (1).jpg Size: 85 KB
  • #594,356
  • May 12, 2021 4:17am May 12, 2021 4:17am
Back to range trading around the daily pivot area
Insane in the Brain..
  • #594,357
  • May 12, 2021 4:17am May 12, 2021 4:17am
Quoting mtako
.. Closed only my latest longs from 4122 to 4146 and sold. Now ready to get back in perhaps. 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 !
Quoting mtako
{quote} Morning ! First trade of the day bought again 4142.

Cheers all ! NOW can rest at last for the first time today and start reading your very much appreciated posts with a good expresso ! 4rth time Ive told myself that today !!

P.S buying aggressively today till we get stuck in another range.. ohoh, probably already there
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #594,358
  • May 12, 2021 4:30am May 12, 2021 4:30am
And the downfall begins hopefully how many agree HOW MANY AGREE AND ARE SHORT NOW PLEASE
  • #594,359
  • May 12, 2021 4:32am May 12, 2021 4:32am
For me this moves up and sudden down looks like shorts accumulation.
  • #594,360
  • May 12, 2021 4:34am May 12, 2021 4:34am
Quoting HumbleLearne
And the downfall begins hopefully how many agree HOW MANY AGREE AND ARE SHORT NOW PLEASE
Not with you mate it will shoot the sky in 3-5 hours
Precise Execution!
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