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Cable Update (GBPUSD)

  • #594,841
  • May 13, 2021 11:15am May 13, 2021 11:15am
For here onwards whatever trade i will take will be LONG until i mention in the next post that i will be going short ...

How many great minds agree that from here onwards it will be LONG TILL approx 1.41209
  • #594,842
  • May 13, 2021 11:31am May 13, 2021 11:31am
Quoting HumbleLearne
For here onwards whatever trade i will take will be LONG until i mention in the next post that i will be going short ... How many great minds agree that from here onwards it will be LONG TILL approx 1.41209
I believe this is re-distribution for a short below 1.40 with 1.3950 as the next target. Not married to this view though I'll play the PA as it arises.
  • #594,843
  • May 13, 2021 11:31am May 13, 2021 11:31am
Quoting Ihlas
{quote} Closed. Will sell again at the zone.
14060-4070 ?
Insane in the Brain..
  • #594,844
  • May 13, 2021 11:33am May 13, 2021 11:33am
Quoting BeeTogether
{quote} 14060-4070 ?
Yes
  • #594,845
  • May 13, 2021 11:37am May 13, 2021 11:37am
Quoting Ihlas
{quote} Yes
Again i'm with you, will be watching the same zone and see if we double top/M pattern with divergence for a short.

https://www.tradingview.com/x/8212MheH/

This CAN be a W pattern double bottom so it can be long or short, PA dependent, will play it either way

There was hidden bullish divergence so I closed my short early
  • #594,846
  • May 13, 2021 11:39am May 13, 2021 11:39am
Quoting mysterio
{quote} I believe this is re-distribution for a short below 1.40 with 1.3950 as the next target. Not married to this view though I'll play the PA as it arises.

Ok Sir thank you and NOTED and the distance is not much can be covered anyways
  • #594,847
  • May 13, 2021 11:40am May 13, 2021 11:40am
Quoting Tekin
{quote} Small long is reloaded with a green h1 candle maybe i will increase lot size {image}

due to evening i will not add more positions just set sl to 1.4015 tp is open will watch how 1.4097 react
  • #594,848
  • May 13, 2021 11:41am May 13, 2021 11:41am
Quoting HumbleLearne
{quote} Ok Sir thank you and NOTED and the distance is not much can be covered anyways
I'm playing it both ways tbh I'm not fixed in any view, there are some things that would invalidate that in the near term

I think they are profit taking shorts around 1.40 that's all
  • #594,849
  • May 13, 2021 11:44am May 13, 2021 11:44am
If this turns and break the line, will be shorting!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-05-13 173948.png Size: 52 KB
Don't trade what you think. Just what you see!!!
  • #594,850
  • May 13, 2021 11:44am May 13, 2021 11:44am
Quoting mysterio
{quote} Again i'm with you, will be watching the same zone and see if we double top/M pattern with divergence for a short. https://www.tradingview.com/x/8212MheH/ This CAN be a W pattern double bottom so it can be long or short, PA dependent, will play it either way
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 48 KB
yes yes yes
  • #594,851
  • May 13, 2021 11:46am May 13, 2021 11:46am
Quoting mysterio
{quote} Again i'm with you, will be watching the same zone and see if we double top/M pattern with divergence for a short. https://www.tradingview.com/x/8212MheH/
Zone 1.40500-1400700
I think the 1.40500 is good place to sell. Let's see what happens
  • #594,852
  • May 13, 2021 11:48am May 13, 2021 11:48am
Quoting Moty
{quote} {image}
Thank you Moty, do you mind explaining what you see in that chart? Do you mean a fake out long to the 70s before short?

I am just watching the 5m chart for clues at the moment. It can easily be a long setup cooking so just being careful
  • #594,853
  • May 13, 2021 11:49am May 13, 2021 11:49am
Quoting Olabanji-Tex
{quote} Hello Lupin, Please can you tell us which website this is? Thanks in advance.
Hello my friend
I use RoboForex Analytics - Apps on Google Play
https://play.google.com/store/apps/d...ex&hl=en&gl=US
  • #594,854
  • May 13, 2021 11:53am May 13, 2021 11:53am
Quoting mysterio
{quote} Thank you Moty, do you mind explaining what you see in that chart? Do you mean a fake out long to the 70s before short? I am just watching the 5m chart for clues at the moment. It can easily be a long setup cooking so just being careful
replay
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 47 KB
yes yes yes
  • #594,855
  • May 13, 2021 11:55am May 13, 2021 11:55am
Apparently i see this on 5M TF.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 36 KB
Fools Rushing
  • #594,856
  • May 13, 2021 11:55am May 13, 2021 11:55am
Quoting Moty
{quote} replay {image}
Gotcha

I'm a little bit unclear so thinking of watching 5m PA in the SL hunt zone in 1.4070s
Attached Image (click to enlarge)
Click to Enlarge Name: GU 15m (1).jpg Size: 106 KB
  • #594,857
  • May 13, 2021 11:56am May 13, 2021 11:56am
Quoting Ihlas
{quote} Zone 1.40500-1400700 I think the 1.40500 is good place to sell. Let's see what happens
Sold at 1.40500

Quoting Ihlas
{quote} Sold at 1.40500
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 40 KB
  • #594,858
  • May 13, 2021 12:04pm May 13, 2021 12:04pm
Quoting mysterio
{quote} Gotcha I'm a little bit unclear so thinking of watching 5m PA in the SL hunt zone in 1.4070s {image}
IMO, This is good chart which describes ones patience to find entries with very good R:R. This has to be a winner
Fools Rushing
  • #594,859
  • May 13, 2021 12:06pm May 13, 2021 12:06pm
Quoting Ihlas
{quote} Sold at 1.40500 {quote} {image}
Good luck. I nearly took a long on this W retracement leg

It was the bond auction and dxy shot up, but GU doesn't want to drop, so I think it could go long. But cause of the auction news I'm gonna leave it for now until it calms

https://www.tradingview.com/x/gjBPZowN/
  • #594,860
  • May 13, 2021 12:08pm May 13, 2021 12:08pm
Quoting MTF Test
{quote} IMO, This is good chart which describes ones patience to find entries with very good R:R. This has to be a winner
Hah thanks man. Honestly I'm a bit confused about the next move so I think i'll close the screen for now. Made my target so i'm just torturing myself. Good trading to you!
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