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Cable Update (GBPUSD)

  • #594,541
  • May 12, 2021 11:53am May 12, 2021 11:53am
Quoting Sang.Real
{quote} My set up Chart is Daily and H4 for Scalping. M30 is for entry and trade management. HTF gives you the direction. LTF gives you a better entry price with low risk and low drawdown (floating) M15 is to fast for me, I rarely use it unless during slow market activity. I trade only ONE pair : GBP/USD. I can stay focus and stress free.
Thanks for the good information brother.
Can I ask what's HTF and LTF are ? sorry I am too poor with acronyms and baby trader too :-)
  • #594,542
  • May 12, 2021 11:54am May 12, 2021 11:54am
Quoting Cr4zy
{quote} Mistake, you didn't delete all the stops. SL 1.41717
EURGBP stops
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #594,543
  • May 12, 2021 11:55am May 12, 2021 11:55am
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 30 KB
yes yes yes
  • #594,544
  • May 12, 2021 11:56am May 12, 2021 11:56am
Quoting Sang.Real
{quote} You're a very smart guy. But.... did you take the trade or not ? Its drawdown was only 5 pips, then slide down 85 pips today. Good R:R:R.
I didn't
My daily profit target was hit so I went and did some personal stuff
Also it doesn't matter cause I only have a demo account
BUT it's really nice to know I could find this pattern
I also shared this signal with a few of my friends who are trading on live accounts and they made some money out of it
TESTING MY STRATEGIES...
  • #594,545
  • May 12, 2021 11:57am May 12, 2021 11:57am
Quoting JayBag
Good evening gang, Hope we doing good. PA wise, Liu came through. Sang Real still the trader of the week. Here's me hoping he's stIll holding those trades right from the TOP. Okay, I expect more as most here already know. Let's give it time and see how it goes I've had a busy day Be Kind
Indeed he is. I vouch for that !
Fools Rushing
  • #594,546
  • May 12, 2021 11:57am May 12, 2021 11:57am
Quoting Bones
so what happened on red hot CPI , is interest rates jumped up (thats right no Fed needed) and $ went up , {image} {image} {image}
Was waiting for this move, gave a lot more confidence shorting from 1.4150. DXY has quite a bit of upside potential from this level

Quoting mysterio
{quote} DXY: https://www.tradingview.com/x/2gZ3znXn/ Don't underestimate the daily demand area on dxy as it created an extremely big move with a gap before (end of Feb), and is coming in for its first test. So I think a reaction here is very likely. {image}
https://www.tradingview.com/x/ePYfjyKc/
  • #594,547
  • May 12, 2021 12:00pm May 12, 2021 12:00pm
Quoting nikosk0
{quote} well said. sad,snr add some tweaks here and there if u wish, amke a plan before entering and u need nothing more i love ur way of thinking and analysing. keep it up and dont get distracted {quote} u dont wanna know what ur name means in greek "pipa" {quote} drop the indicators and use structure. buy trading view and do some replay mode. you will be astonished on how well you do. GU is a masterpiece of a pair to trade like sang real, u can scalp or swing at 70-80% . just wait for price to give you direction and come to your...
Means joint in italian language, anyway it's my cat name
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #594,548
  • May 12, 2021 12:00pm May 12, 2021 12:00pm
...immediate question on the daily on any more downside is whether those previous swing hi zones starting @ 4017, 4005, 4002, then 4009 respectively, will act as rbs if tested?

Fundamentally, the immediate question is was today's U.s Cpi data a game changer?

Very bearish 4hr close now as shown in my post above.

Dly below
Attached Image (click to enlarge)
Click to Enlarge Name: 2a5eaece6bf643b6a2c1d1af955d695e.png Size: 54 KB
Trader with an Edge.
  • #594,549
  • May 12, 2021 12:01pm May 12, 2021 12:01pm
{quote} u dont wanna know what ur name means in greek "pipa" {quote}
Means joint in italian, anyway it's my cat name
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #594,550
  • May 12, 2021 12:03pm May 12, 2021 12:03pm
The only way to destroy this money is tax it / higher interest rates / pay down debt.
Then we have a potential of other XYZ trillion 'Joe's infrastructure projects ' that only serve to expand money supply and force commodities up, in inflationary terms.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-05-12 at 15.04.42.png Size: 406 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #594,551
  • May 12, 2021 12:06pm May 12, 2021 12:06pm
Hello guys,

Check out this 4-hour chart of GBPUSD that I attached.

We might have a head and shoulders pattern on this chart, who knows.

Please trade safely.
Attached Image (click to enlarge)
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  • #594,552
  • May 12, 2021 12:08pm May 12, 2021 12:08pm
Quoting Bones
The only way to destroy this money is tax it / higher interest rates / pay down debt. Then we have a potential other XYZ trillion 'Joe's packages ' that only serve to expand money supply and force commodities up, in inflationary terms. {image}
I think the big gamble by Yelland/the fed in their pseudo 'modern theory of money' analysis is that there exists enough spare capacity in the economy to suppress inflationary pressures as demand grows. Of course last week's employment numbers may be just one headache in turns of actual labour market participation. I guess we'll find ouut soon enough.
Trader with an Edge.
  • #594,553
  • May 12, 2021 12:12pm May 12, 2021 12:12pm
Is GU gaining strengh at 1.405 or just a retracement? 10 pips now.
  • #594,554
  • May 12, 2021 12:14pm May 12, 2021 12:14pm
Quoting IBabyTrader
Is GU gaining strengh at 1.405 or just a retracement? 10 pips now.
Looks like a retracement to me
TESTING MY STRATEGIES...
  • #594,555
  • May 12, 2021 12:15pm May 12, 2021 12:15pm
GBP/USD waiting on 1.4 than try Long ...now too risk
  • #594,556
  • May 12, 2021 12:17pm May 12, 2021 12:17pm
Quoting IBabyTrader
Is GU gaining strengh at 1.405 or just a retracement? 10 pips now.
Small retracement, dollar hit 90.8 resistance
  • #594,557
  • May 12, 2021 12:18pm May 12, 2021 12:18pm
both of these two tops are versions of evening star in candle terms.
see how low it can get in this confirm ,we have retail sales also this week
how fast is money being spent in the US
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-05-12 at 18.16.47.png Size: 138 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #594,558
  • May 12, 2021 12:20pm May 12, 2021 12:20pm
Quoting Pipa1
{quote} It's always a trap, but this one will end with a dive to 1.40 today
Quoting IBabyTrader
Is GU gaining strengh at 1.405 or just a retracement? 10 pips now.
1.40 , not lower than 1.39750, and will turn back, to be sold for REAL on Friday NY session above 1.41.
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #594,559
  • May 12, 2021 12:21pm May 12, 2021 12:21pm
from -500€ from yesterday to -190€ now, hope it will go down even further ^^
  • #594,560
  • May 12, 2021 12:21pm May 12, 2021 12:21pm
Quoting Pipa1
{quote} Means joint in italian language, anyway it's my cat name
oh if its a cat it makes sence for a greek to name it "pipa". we use it as a b...job
litterally it means a "bong"
offering my system to copy trade. check my link
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