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Cable Update (GBPUSD)

  • #595,381
  • May 16, 2021 9:33pm May 16, 2021 9:33pm
Quoting Sang.Real
GU Short entry at SBR Expecting continuation down at L.O. {image} {image}

GU


Ranging time until L.O. or NYO

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  • #595,382
  • May 16, 2021 10:06pm May 16, 2021 10:06pm
Everyone, Something to consider - Daily and 4H
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Fools Rushing
  • #595,383
  • May 16, 2021 10:37pm May 16, 2021 10:37pm
Quoting MTF Test
Everyone, Something to consider - Daily and 4H {image} {image}
I see the same too bro.. the resistance in 4h seems most probably will hold due to current level of swissy and dixy.. i think the price will be limited to today's high only.. How far cable will move down later i think we can gauge by how volatile swissy and dixy later.. just my 2 cents..
  • #595,384
  • May 16, 2021 10:43pm May 16, 2021 10:43pm
Quoting A-speculator
{quote} I see the same too bro.. the resistance in 4h seems most probably will hold due to current level of swissy and dixy.. i think the price will be limited to today's high only.. How far cable will move down later i think we can gauge by how volatile swissy and dixy later.. just my 2 cents..
Ture that. May be a retest of 1.40 and creating a potential Double Bottom with an impulse to last month high.
Fools Rushing
  • #595,385
  • May 16, 2021 10:49pm May 16, 2021 10:49pm
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yes yes yes
  • #595,386
  • May 16, 2021 11:10pm May 16, 2021 11:10pm
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  • #595,387
  • May 17, 2021 12:14am May 17, 2021 12:14am
Quoting KiwiTrada
gold, has pierced the cluster of previuos recent daily highs and run into 200 sma (daily) 1855 00 is the new previous daily high pa now 1845 70 potential for indication of usd status both eu dix fridays diamond targets achieved with previous daily highs (low for dix) very close, potential usd appreciation if those S&R,s hold stirling is wild card!@!
taken its time but gold very close to 1855, I will try a short on first tap 17pip sl !!?
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  • #595,388
  • May 17, 2021 12:29am May 17, 2021 12:29am
Quoting KiwiTrada
{quote} taken its time but gold very close to 1855, I will try a short on first tap 17pip sl !!?
Yups, might work.. same goes to silver..
  • #595,389
  • May 17, 2021 12:37am May 17, 2021 12:37am
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yes yes yes
  • #595,390
  • May 17, 2021 12:42am May 17, 2021 12:42am
Quoting A-speculator
{quote} Yups, might work.. same goes to silver..
actually silver has pop through a bull flag 4hr, why Im cautious with glod right now???, will see shortly if silver bo is valid or fake shortly???
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  • #595,391
  • May 17, 2021 12:43am May 17, 2021 12:43am
good morning all.

gold hit daily resistance at 1853.70.

and cable is on fibo 38 of last drop. 1.4105.

i dont have trade on cable but i have sell on gold. maybe it cant pass 1.4105 and this week tedy bear week who knows
  • #595,392
  • May 17, 2021 12:46am May 17, 2021 12:46am
Quoting KiwiTrada
{quote} actually silver has pop through a bull flag 4hr, why Im cautious with glod right now???, will see shortly if silver bo is valid or fake shortly???
flag pole target is 29 000 (silver)
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  • #595,393
  • May 17, 2021 12:47am May 17, 2021 12:47am
Quoting KiwiTrada
{quote} actually silver has pop through a bull flag 4hr, why Im cautious with glod right now???, will see shortly if silver bo is valid or fake shortly???
Well, i think silver will reach 26.8x area.. because the movement in silver normally, it will reach the previous tail.. silver usually has the tendency to reach its highest previous price (in this case the highest is from previous daily high) at least that is from my observation, and how i would take it..
  • #595,394
  • May 17, 2021 12:48am May 17, 2021 12:48am
the cable keep declining the level 1.41050 and now below 1.4100 , will that 1.4050 breach again and back to 1.400 ?
this is monday , lets not hoping much haha
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #595,395
  • May 17, 2021 12:55am May 17, 2021 12:55am
Quoting kris89
the cable keep declining the level 1.41050 and now below 1.4100 , will that 1.4050 breach again and back to 1.400 ? this is monday , lets not hoping much haha
I just realize that there are no significant news this week to drive cable.. i think this might take some time for the bear to "appear" in our chart.. price might only be drifting.. ahahaha..
  • #595,396
  • May 17, 2021 12:58am May 17, 2021 12:58am
I think i missed my entry on silver.. oh well..
  • #595,397
  • May 17, 2021 1:03am May 17, 2021 1:03am
Wow....GOLD is approaching long awaited zone. Good luck to all Batch traders/ Swing traders
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Fools Rushing
  • #595,398
  • May 17, 2021 1:04am May 17, 2021 1:04am
Quoting A-speculator
{quote} Well, i think silver will reach 26.8x area.. because the movement in silver normally, it will reach the previous tail.. silver usually has the tendency to reach its highest previous price (in this case the highest is from previous daily high) at least that is from my observation, and how i would take it..
silver levels have to be as accurate as possible because of spread, todays open was a possible short, pa @ utl of bull flag, that alone weakens possible entry and when zoom out pa then was also mid of larger rising channel daily), enough for me to leave it alone, gold spread is better and levels are genuine, but all added together trade is valid but risky, why such small sl
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  • #595,399
  • May 17, 2021 1:09am May 17, 2021 1:09am
Quoting KiwiTrada
{quote} silver levels have to be as accurate as possible because of spread, todays open was a possible short, pa @ utl of bull flag, that alone weakens possible entry and when zoom out pa then was also mid of larger rising channel daily), enough for me to leave it alone, gold spread is better and levels are genuine, but all added together trade is valid but risky, why such small sl
Yes, agreed my friend.. silver entry need to be highly accurate and as close as possible to the reversal.. anyway good job on gold bro..
  • #595,400
  • May 17, 2021 1:19am May 17, 2021 1:19am
Entered with 30 lot size on gbpusd at 1.41002. Long position.
tp at 1.41540
and I set a sl level at 1.40790 because I wanna fix the risk after 1.40800 level passing.
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