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Cable Update (GBPUSD)

  • #594,961
  • May 14, 2021 1:39am May 14, 2021 1:39am
The 1hr pennanty/triangly thing broke to the upside after support found @ the prev 1hr sw lo x2 zone (dark blue) on the dip down. 1hr below. Now challenging original pullback hi off y/day's lo.

4086 is 50% of the total 4166-4005 drop. 4083 is Dly R1 on gmt+3 brokers.
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Trader with an Edge.
  • #594,962
  • May 14, 2021 1:40am May 14, 2021 1:40am
Quoting navk
{quote} i booked profits for my long entry at 4048. Now, taken short at 4047. stop 4060 TP at 4027
i am not comfortable with this short entry.

Took 7 pips loss.

now will wait.
Intraday only.
  • #594,963
  • May 14, 2021 1:43am May 14, 2021 1:43am
I believe 1.41550 is normal ♾
Precise Execution!
  • #594,964
  • May 14, 2021 1:44am May 14, 2021 1:44am
Quoting Theoak
{quote} 4Hr make your mind up? {image}
Emperor of Rome says it's down day

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If it goes up, please ask for refund from him.
  • #594,965
  • May 14, 2021 1:51am May 14, 2021 1:51am
DPP 1.4044
and
DeMark's ( investing )
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75 pips range
let's see if some side breaks

sentiment almost 50/50

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dolce vita
  • #594,966
  • May 14, 2021 1:51am May 14, 2021 1:51am
Quoting gatenio
nothing to short ATM imo.. not before 4085 if this will stop the price.. can fly above 1.41 but what do i know?
breakfast money,
now will wait for LO to rock the price alone
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  • #594,967
  • May 14, 2021 1:54am May 14, 2021 1:54am
Quoting babayaga
DPP 1.4044 and DeMark's ( investing ){image} 75 pips range let's see if some side breaks sentiment almost 50/50 {image}
she is already at 1.4065th ( Demark's R1)
dolce vita
  • #594,968
  • May 14, 2021 1:58am May 14, 2021 1:58am
it can reverse before 1.40774 , s&p contract reached 50 % retracement
drop mf
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yes yes yes
  • #594,969
  • Edited 4:30am May 14, 2021 1:58am | Edited 4:30am
Took my first short of day on supply in case of false Frankfurt break, stop at BE already

https://www.tradingview.com/x/cMI3xhBB/

May be wrong. Not totally sure on it but knew we'd get some reaction. Just a scalp

Didn't work. Stopped out at BE. No big deal. DXY coming up to demand level on h1 so lets see if this is real bull power.

Edit- took the same trade when i saw rejection above that high.

DXY in 1h zone

https://www.tradingview.com/x/lOXYGYk3/

Edit- just took 15 pips, quick smash and grab. I'd rather take 15-20 pips 4 times than 60-80 in one go.

PS those numbers are just numbering my trades for journaling not wave counts or anything
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  • #594,970
  • May 14, 2021 2:01am May 14, 2021 2:01am
buy ( small ) position to see...
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dolce vita
  • #594,971
  • May 14, 2021 2:03am May 14, 2021 2:03am
ignite your engine mister mf ucad
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yes yes yes
  • #594,972
  • May 14, 2021 2:04am May 14, 2021 2:04am
Quoting babayaga
buy ( small ) position to see... {image}
TP 1.4130, without SL for now
dolce vita
  • #594,973
  • May 14, 2021 2:05am May 14, 2021 2:05am
This potential 4hr supply zone extends to 4078 (50% 4152-4005) 4hr below.

A break above the aforementioned 50% 4166-4005 @ 4086 might alleviate some of weds/thurs's bearishness?

How strong are the bulls?
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Trader with an Edge.
  • #594,974
  • May 14, 2021 2:10am May 14, 2021 2:10am
Quoting Ihlas
{quote} Yes, added one more position. It's again in my sell zone 1.40500. So will wait and see what happens on 1MTF. For now the up movement is acceptable.
Closed two postions one with - and one with +. A little profit. And selling again at the 1.40700.
  • #594,975
  • May 14, 2021 2:12am May 14, 2021 2:12am
Is that mr liu?
Peace Yo!
  • #594,976
  • May 14, 2021 2:13am May 14, 2021 2:13am
4080 zone will see sellers. IMO
Intraday only.
  • #594,977
  • May 14, 2021 2:15am May 14, 2021 2:15am
gu , you are crooky mf , i knew it all the way
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yes yes yes
  • #594,978
  • May 14, 2021 2:18am May 14, 2021 2:18am
Shorting now will add unbearable risk as of now.
Precise Execution!
  • #594,979
  • May 14, 2021 2:19am May 14, 2021 2:19am
Quoting Ihlas
{quote} Closed two postions one with - and one with +. A little profit. And selling again at the 1.40700.
We can see 1.40100 again. Yesterday's scenario. Then rise again. Ping pong
  • #594,980
  • May 14, 2021 2:19am May 14, 2021 2:19am
Quoting babayaga
{quote} TP 1.4130, without SL for now
this is my 2nd tp..

but im sideline for now, i will join it soon.
i want to see 4084 recation
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