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Cable Update (GBPUSD)

  • #594,681
  • May 13, 2021 3:50am May 13, 2021 3:50am
Dx is closing the gap
After that we will see 1.41000 at gu
yes yes yes
  • #594,682
  • Edited 4:01am May 13, 2021 3:50am | Edited 4:01am
Quoting HumbleLearne
{quote} Thats what i am exactly looking all the candles should be closing below your red line or mine blue line for trend change in the opposite direction so first target to get out is 1.40148 . How and y do i analyse this have look at the structure at the left for clues as to how and when the past candles have been closing below the blue line .. {image}
Nice. I don't get into bollinger bands personally as I think it's a probabilistic thing based on mean reversion and can cloud you from the facts about what is going on in the market structure. I cannot see any case for buying at the current time anyways.. good luck and good trading to you

I think bears can prob target 1.3950 for this markdown initially

We do have channel median line here and fib at 1.4027 so maybe some bounce
Attached Image (click to enlarge)
Click to Enlarge Name: GU 15m (1).jpg Size: 104 KB
  • #594,683
  • May 13, 2021 3:51am May 13, 2021 3:51am
Quoting Moty
Dx is closing the gap After that we will see 1.41000 at gu
Gap closed 90.880
yes yes yes
  • #594,684
  • May 13, 2021 3:51am May 13, 2021 3:51am
S1 hit a drop below will be spies 139XX
Insane in the Brain..
  • #594,685
  • May 13, 2021 3:52am May 13, 2021 3:52am
Quoting KiwiTrada
au nu @ support zone, au 7720 - 7700 nu 7165 - 7150, if these zones go will indicate usd appreciation for continuation? cable 4051 still in play
its taken 4hrs but finally pounded their way thru, wonder if dix is pumping???? yep :-)
If you are new to Forex? Say Goodbye to your account!!
  • #594,686
  • May 13, 2021 3:53am May 13, 2021 3:53am
Quoting mysterio
{quote} Nice. I don't get into bollinger bands personally as I think it's a probabilistic thing based on mean reversion and can cloud you from the facts about what is going on in the market structure. I cannot see any case for buying at the current time anyways.. good luck and good trading to you

I agree with you Sir But that is just part of trading plan not the entire Trading plan
  • #594,687
  • May 13, 2021 3:54am May 13, 2021 3:54am
Quoting mrluckystar
Enough play play.. mr liu, show me your skill..
watch out for mr lee at 4000/10 area..
Peace Yo!
  • #594,688
  • May 13, 2021 3:54am May 13, 2021 3:54am
Quoting gatenio
{quote} if you think it will close the gap? why long? i see that you add the ADR and the pivot again. i think you need to keep it, take off the band and the multiple MA's and switch to BLACK MODE template.. its better for sight. p.s price will reach 4015
I believe it will at least test the previous resistance at 1.4 for a while before it decides what to do unless it is pure rejection from that level.

It may retrace and test it twice perhaps. But that would be the key level to watch for now seeing as it broke out of it so strongly before without much sense of a retracement.

I would say gold would probably want to do the same with 1800.
A 1 pip gain is better than a 1 pip loss.
  • #594,689
  • May 13, 2021 3:57am May 13, 2021 3:57am
Quoting HumbleLearne
{quote} You are very intelligent guy you caught me but y do you hate MA ..anything i can learn from you Sir
cause to trade with a dynamic targets, are bad.
i admire the guy who invent it.. amazing.
  • #594,690
  • May 13, 2021 3:57am May 13, 2021 3:57am
Quoting Sang.Real
{quote} GU Correction phase at L.O. ? {image}

GU

Stopped Out

Loss Trade.


Attached Image (click to enlarge)
Click to Enlarge Name: GU 109.jpg Size: 243 KB
  • #594,691
  • May 13, 2021 3:57am May 13, 2021 3:57am
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 05-13-2021 11.57.jpg Size: 122 KB
yes yes yes
  • #594,692
  • May 13, 2021 3:59am May 13, 2021 3:59am
Quoting aeternum
{quote} I believe it will at least test the previous resistance at 1.4 for a while before it decides what to do unless it is pure rejection from that level. It may retrace and test it twice perhaps. But that would be the key level to watch for now seeing as it broke out of it so strongly before without much sense of a retracement. I would say gold would probably want to do the same with 1800.
agree. gold 1800. maybe even 1795. 1st traget.. potential much more.
but im not trading gold ATM.
  • #594,693
  • May 13, 2021 4:00am May 13, 2021 4:00am
Long 4025
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #594,694
  • May 13, 2021 4:01am May 13, 2021 4:01am
Quoting Theoak
{quote} Which ever line the 4 hr crosses and holds I'm going with. Have one little runner, but not too confident with her. If the 4 hr breaks the lower line will add to it!! {image}
Taken this little runner for +35 pips. Now depending where the 4 hr candle ends up. Will act as previously explained!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-05-13 082347.png Size: 46 KB
Don't trade what you think. Just what you see!!!
  • #594,695
  • May 13, 2021 4:07am May 13, 2021 4:07am
Quoting Sang.Real
{quote} GU Stopped Out Loss Trade. {image}

GU

Re-entry Long Scalp


Attached Image (click to enlarge)
Click to Enlarge Name: gu 110.jpg Size: 260 KB
  • #594,696
  • May 13, 2021 4:12am May 13, 2021 4:12am
Quoting Sang.Real
{quote} GU Re-entry Long Scalp {image}
Entering long with your shorts still on YES , you will be like me soon old but still good looking
  • #594,697
  • Edited 4:27am May 13, 2021 4:13am | Edited 4:27am
... 56pip move down so far today = 61% of the current 92pip 30 day adr. Nearest fib to lo is 38.2% 3715-4166, other than that it's just above start of that prev sw hi zone =prev res = pot rbs mentioned earlier that starts @ 4017. Dly S1 @ 4018. Solid bearish last 4hr close on gmt+3 feed. 10/20/50 ema's crossed down to 1hr now.

4hr below.
Attached Image (click to enlarge)
Click to Enlarge Name: 4f34f10522064e17055bbca694dbf2fc.png Size: 40 KB
Trader with an Edge.
  • #594,698
  • May 13, 2021 4:19am May 13, 2021 4:19am
Quoting Waveskierrob
{quote} Entering long with your shorts still on YES , you will be like me soon old but still good looking
I'm still learning how to trade like you do . A bit tricky for newbie, like me.

The first time, I saw you trade both ways. it was very confusing and hard to understand.

With guidance and studying your chart in detail, made me realize the possibilities of taking trades the opposite ways.

Still in beginners mode, need more to learn and practice.

Your charts and posting does helps a lot.

  • #594,699
  • May 13, 2021 4:25am May 13, 2021 4:25am
time to spike
or
continuation DOWN
???
dolce vita
  • #594,700
  • May 13, 2021 4:26am May 13, 2021 4:26am
Quoting Tekin
{quote} really rediculus waited a day for this drop but afters setting sl first hit sl then drop. After now. Will it visit 1.4022-1.4015 or 1.4182
We are here at 1.4022 bear trend will continue or will it jump 1.4181 from here and then daily maybe will continue to sky
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