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Cable Update (GBPUSD)

  • #595,761
  • May 18, 2021 9:23am May 18, 2021 9:23am
Quoting Moty
so stubborn come on mf {image}
pray BOE Gov Bailey Speaks help
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #595,762
  • May 18, 2021 9:25am May 18, 2021 9:25am
it's coming
Attached Image (click to enlarge)
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yes yes yes
  • #595,763
  • May 18, 2021 9:31am May 18, 2021 9:31am
GU currently forming a "W" pattern
  • #595,764
  • May 18, 2021 9:32am May 18, 2021 9:32am
Back above .42 now and well have a bit more action probably. Patience is
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #595,765
  • May 18, 2021 9:35am May 18, 2021 9:35am
Crook brokers IG not letting me modify or place new orders, anyone else?
  • #595,766
  • May 18, 2021 9:36am May 18, 2021 9:36am
Quoting mysterio
Crook brokers IG not letting me modify or place new orders, anyone else?
Mine is working fine
  • #595,767
  • May 18, 2021 9:38am May 18, 2021 9:38am
Quoting thevisitor
GU currently forming a "W" pattern
Attached Image (click to enlarge)
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  • #595,768
  • May 18, 2021 9:39am May 18, 2021 9:39am
Quoting mysterio
Crook brokers IG not letting me modify or place new orders, anyone else?
not with IG but all good here.
Trader with an Edge.
  • #595,769
  • May 18, 2021 9:42am May 18, 2021 9:42am
Attached Image (click to enlarge)
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yes yes yes
  • #595,770
  • May 18, 2021 9:46am May 18, 2021 9:46am
Nice momentum holding long enough for a new Long ! Buy stop 4208.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #595,771
  • May 18, 2021 9:47am May 18, 2021 9:47am
Back to 1.42
  • #595,772
  • May 18, 2021 9:48am May 18, 2021 9:48am
Quoting mysterio
{quote} They are manually drawn S&D zones Just look for the source of a strong move and wait for price to return there. Probably the most powerful scalping technique i've found for cable. Bull candle before the down move or bear candle before the up move. Combine with HTF zones for swing trading. S&D theory says theres a block of unfilled orders here from the previous move and price will move between zones until buyers outnumber sellers or vice versa. License to print money.. as long as you don't get greedy and grab quick profits (edit- I just took...
Closed 50 pips on this setup so far using 5 pip SLs.. doesn't get easier. Same idea as yesterday morning. At some point it will break out obviously.,i'm not going to speculate which way. Note with ADR being reached it's more likely than note that this will cap price (statistically) but anything can happen. The next daily zone is up in the high 1.42's so I believe we're headed here ultimately before we get a nice short.

I tried to trade that mini channel breakout on the left too but it went 10 pips down then jumped up and took my breakeven stop
Attached Image (click to enlarge)
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  • #595,773
  • May 18, 2021 9:51am May 18, 2021 9:51am
Quoting HumbleLearne
"Can any intelligent being tell why no movement on either sides after " BOE Gov Bailey Speaks "
See for yourself mate, you are intelligent enough
Precise Execution!
  • #595,774
  • May 18, 2021 9:52am May 18, 2021 9:52am
Quoting thevisitor
{quote} {image}
no , this is what is forming
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 55 KB
yes yes yes
  • #595,775
  • May 18, 2021 9:53am May 18, 2021 9:53am
Quoting thevisitor
{quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 20210518_165144.jpg Size: 328 KB

Perfect scalping day
  • #595,776
  • May 18, 2021 9:59am May 18, 2021 9:59am
...given the impending 1hr close - the greater probability (@ some point) at least seems though a new daily hi will be achieved? Let's see what actually happens. Plenty of supply potential above the current one, as well as leading to it, but the bears need an imbalance of it over demand for the price to drop.

EDIT: 1hr is below...closed with the 1hr hi in that prev 1hr sw hi zone to 4220
Attached Image (click to enlarge)
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Trader with an Edge.
  • #595,777
  • May 18, 2021 9:59am May 18, 2021 9:59am
Having issues with IG too.. seems to keep showing that cable is not trading
Insane in the Brain..
  • #595,778
  • May 18, 2021 10:01am May 18, 2021 10:01am
Will take loss at 14170 should it go there but looks a good area for bounce up to test highs
Insane in the Brain..
  • #595,779
  • May 18, 2021 10:02am May 18, 2021 10:02am
Quoting BeeTogether
Will take loss at 14170 should it go there but looks a good area for bounce up to test highs
Shorted again at 1.4215 will take breakeven if it moves back up

If it bounces up from 1.42 now I believe it will breakout north, if not watch the southside for BO
  • #595,780
  • May 18, 2021 10:15am May 18, 2021 10:15am
after "huge" loses
sell ( cable, gj, gold )
Attached Image(s) (click to enlarge)
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dolce vita
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