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Cable Update (GBPUSD)

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  • Post #595,781
  • Quote
  • May 18, 2021 10:51am May 18, 2021 10:51am
  •  varun76
  • Joined Feb 2016 | Status: Have found what I was chasing | 1,046 Posts
Quoting HumbleLearne
Disliked
"Can any intelligent being tell why no movement on either sides after " BOE Gov Bailey Speaks "
Ignored
See for yourself mate, you are intelligent enough
4 8 12 16 20
 
 
  • Post #595,782
  • Quote
  • May 18, 2021 10:52am May 18, 2021 10:52am
  •  Moty
  • Joined Dec 2017 | Status: Member | 21,657 Posts | Online Now
Quoting thevisitor
Disliked
{quote} {image}
Ignored
no , this is what is forming
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1
  • Post #595,783
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  • May 18, 2021 10:53am May 18, 2021 10:53am
  •  thevisitor
  • Joined Sep 2019 | Status: Member | 1,487 Posts
Quoting thevisitor
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{quote} {image}
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Perfect scalping day
 
1
  • Post #595,784
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  • May 18, 2021 10:59am May 18, 2021 10:59am
  •  Headland
  • Joined Apr 2020 | Status: trading | 5,082 Posts
...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
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Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
 
 
  • Post #595,785
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  • May 18, 2021 10:59am May 18, 2021 10:59am
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 5,975 Posts
Having issues with IG too.. seems to keep showing that cable is not trading
 
 
  • Post #595,786
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  • May 18, 2021 11:01am May 18, 2021 11:01am
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 5,975 Posts
Will take loss at 14170 should it go there but looks a good area for bounce up to test highs
 
 
  • Post #595,787
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  • May 18, 2021 11:02am May 18, 2021 11:02am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,517 Posts
Quoting BeeTogether
Disliked
Will take loss at 14170 should it go there but looks a good area for bounce up to test highs
Ignored
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
 
5
  • Post #595,788
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  • May 18, 2021 11:15am May 18, 2021 11:15am
  •  babayaga
  • Joined Aug 2010 | Status: Member | 2,484 Posts
after "huge" loses
sell ( cable, gj, gold )
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dolce vita
 
 
  • Post #595,789
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  • May 18, 2021 11:16am May 18, 2021 11:16am
  •  Pipa1
  • Joined May 2021 | Status: Member | 424 Posts
The pain is over.Let's go!!! TP 1.39500
I'm The Real Deal Quant-XR ,The Financial Hacker
 
1
  • Post #595,790
  • Quote
  • May 18, 2021 11:19am May 18, 2021 11:19am
  •  Yngwie
  • Joined Aug 2008 | Status: Member | 2,142 Posts
Quoting Yngwie
Disliked
{quote} I believe this is the highest for today 4219 {image}
Ignored
Still valid just for today
naked trader ~ GBPUSD only!
 
 
  • Post #595,791
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  • May 18, 2021 11:21am May 18, 2021 11:21am
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 5,975 Posts
Quoting Pipa1
Disliked
The pain is over.Let's go!!! TP 1.39500
Ignored
As much as I’d like to go with that the bears are having one mahoosive picnic
 
 
  • Post #595,792
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  • May 18, 2021 11:23am May 18, 2021 11:23am
  •  Headland
  • Joined Apr 2020 | Status: trading | 5,082 Posts
...3 attempts now to get upside of current 4220 dly hi all rebuffed from the bottom 1/2 of that prev 1hr sw hi zone to it = prev res = pot res....price still in the 4220-4183 range with 1 attempt to get downside of rebuffed by demand in the prev 1hr sw lo zone = prev supp=potential supp down to it. Right now - looks as though bottom of range will break first? But who knows?
Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
 
 
  • Post #595,793
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  • May 18, 2021 11:24am May 18, 2021 11:24am
  •  Waveskierrob
  • Joined May 2020 | Status: Best trader ever to have lived 4.0 | 4,812 Posts | Online Now
Quoting Pipa1
Disliked
The pain is over.Let's go!!! TP 1.39500
Ignored
fair play to you, you're sticking to your guns
Soon To Be Temporarily Suspended Again
 
 
  • Post #595,794
  • Quote
  • May 18, 2021 11:25am May 18, 2021 11:25am
  •  windows1087
  • | Joined May 2021 | Status: Member | 37 Posts
Quoting Pipa1
Disliked
The pain is over.Let's go!!! TP 1.39500
Ignored
that's all i wish for please, dear god...
 
 
  • Post #595,795
  • Quote
  • May 18, 2021 11:30am May 18, 2021 11:30am
  •  thevisitor
  • Joined Sep 2019 | Status: Member | 1,487 Posts
Decision point
Imho we are in an a-b-c-d-e correction m15
 
 
  • Post #595,796
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  • May 18, 2021 11:32am May 18, 2021 11:32am
  •  Headland
  • Joined Apr 2020 | Status: trading | 5,082 Posts
...30min bear thrust close - challenging pot 1hr supp now.

Dly below (for the hell of it.)
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Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
 
 
  • Post #595,797
  • Quote
  • May 18, 2021 11:34am May 18, 2021 11:34am
  •  mtako
  • Joined Sep 2020 | Status: Member | 4,722 Posts
Its just ranging... Probably going to break both sides now lol. Range scalping heaven !


Actually, last hours were almost identical as yesterdays same hours... to continue to mirror, now it will fake one more down move(this one probably), then finally pursue its uptrend

warning : to not follow, this is not how it works
If I don't mention SL and TP = longer-term setup possibly in the works!
 
2
  • Post #595,798
  • Quote
  • May 18, 2021 11:36am May 18, 2021 11:36am
  •  YumiYummy
  • Joined Sep 2020 | Status: Member | 463 Posts
Go GU, go EU, go Gold 🛎🛎🛎🛎
Go DX, DX
 
1
  • Post #595,799
  • Quote
  • May 18, 2021 11:37am May 18, 2021 11:37am
  •  dachun
  • | Joined Sep 2013 | Status: Member | 40 Posts
Come to PAPA bears
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  • Post #595,800
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  • May 18, 2021 11:37am May 18, 2021 11:37am
  •  Fix-it
  • | Joined Oct 2019 | Status: Member | 185 Posts
MY sell is set at 1.41780 with sl at 1.42220 and tp at1.4087
 
 
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