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Cable Update (GBPUSD)

  • #596,441
  • Edited 5:36pm May 20, 2021 5:25pm | Edited 5:36pm
Quoting saavi
Hello guys! This is my first post on forexfactor. I decided to join your beautiful community in order to get further knowledge from more experienced traders, share some trade ideas, and to participate in some friendly trading discussions. About GBP/USD i am seeing a rounding bottom pattern on daily chart. If price will breakout the high near 1.42, it may be bullish and we can see price going up to 1.45. So at now i will be looking at price action in waiting mode. I might be wrong. Looking forward for your opinions. Cheers {image}
Welcome, nice 1st post.
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Quoting Pretense
{quote} Sometimes it's good to have a reset removed of any biases. Just like a poker player can go "Full Tilt" there is something similar that can happen to traders, at least it happens to me. Maybe we identified what looked like a great opportunity that then gets invalidated but you still hold onto that bias and then open a bad trade.
You make a very good point. It's hard I know but the only bias we should have is that the market is showing us, if it changes it's bias we should too, not hang on to what we think should be happening, or purely for ego's sake or whatever. Someone once said, I forget who; ' It's not about being right or wrong, it's about how much we lose when we are wrong, and how much we gain when we are right. '
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Gmt+3 broker price feeds showing a bullish engulfing thrust candle yesterday on Dly t/f. Daily below.

Will we see an upside follow thru to a 2nd consecutive HH? (I asked that on Thursday morning re a downside follow thru re Wednesday's Dly candle - a big bearish thrust lol!) Whatever, 3 x consecutive HL's now on Dly t/f and that 4220 a HH.
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Trader with an Edge.
  • #596,442
  • May 20, 2021 5:42pm May 20, 2021 5:42pm
Quoting saavi
Hello guys! This is my first post on forexfactor. I decided to join your beautiful community in order to get further knowledge from more experienced traders, share some trade ideas, and to participate in some friendly trading discussions. About GBP/USD i am seeing a rounding bottom pattern on daily chart. If price will breakout the high near 1.42, it may be bullish and we can see price going up to 1.45. So at now i will be looking at price action in waiting mode. I might be wrong. Looking forward for your opinions. Cheers {image}
agreed, (rounding bottom) aka cup, before it breaks north, the high to watch is not 1 4200, it is 1 4238, it could/should first build a handle, as its daily timeframe this could take awhile, however if zoomed right out, the handle of the bigger (cup) could already have printed?? then go weekly there is double bottom in play, with pa close to resistance zone 1 4238 - 1 4375, again agreed patience is required aka "waiting mode" smaler timeframes is chop / ping pong, I still believe she has potential to pull back from present levels and trading accordingly, buying now is train has already left the station 1 1500ish and entering new station above zone !! buy late ticket for possible continuation, or early ticket for retracement????
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  • #596,443
  • May 20, 2021 5:43pm May 20, 2021 5:43pm
Good night all well done to the money earners. Also to those like me who are still on a trade that’s gone Pete Tong hopefully tomorrow we can see a start of a drop to at least 141. Next week will be interesting to see if the bulls can carry on or will the bears finally wake up. My hunch is that the rising wedge will come into play but the USD will
need to play it’s part too
Insane in the Brain..
  • #596,444
  • Edited May 21, 2021 1:46am May 20, 2021 6:57pm | Edited May 21, 2021 1:46am
Quoting Nordling00
{quote} I am long since April mate. I bought it from 1.3940 and look carefully on what i have wrote there. I did not say i bought it here, i said i am holding my long position. I think it will go higher though. Up for a challenge? It will go up at least until 10th of June. KA-CHOW! {image}
It's dropping right now.We have targets like 1.40500 - 1.39500 - 1.3800 ...you might suffer some draw till 10 June
PS. i was LONG at 1.38000 for 250 pips ride check my posts here on GU chat.U forgot what makes money here "Buy low, sell high"
Am short here at 1.41400 , you do the math for me.
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #596,445
  • Edited 7:33pm May 20, 2021 7:12pm | Edited 7:33pm
Quoting Pipa1
{quote} It's dropping right now.We have targets like 1.40500 - 1.39500 - 1.3800 ...u might suffer some draw till 10 June
Mark my words mate. Challenge ends in 10th of June and if i lose i will accept it like a man. But if i win, i hope you guys have deep pockets because i expect a big, massive check from you guys. And i love epic glories

And you shouldn't forget that if the price is going up, it's because it's actually cheap.

Listen to this sentence carefully between 4:24 and 4:40 :

Inserted Video
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  • #596,446
  • May 20, 2021 7:18pm May 20, 2021 7:18pm
swissy @ cluster of daily lows, very cheap entry, 8960 - 8967 I I like cheap entries r/r is very good
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  • #596,447
  • May 20, 2021 7:27pm May 20, 2021 7:27pm
maybe retrace at this point,, will good for bears
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  • #596,448
  • May 20, 2021 7:29pm May 20, 2021 7:29pm
Quoting KiwiTrada
swissy @ cluster of daily lows, very cheap entry, 8960 - 8967 I I like cheap entries r/r is very good
dix also near previous daily lows 89 67 - 89 68 pa now 89 71 usd dollar either going to bounce or dump, cheap entry allows opportunity to catch bounce, to short requires bo south & retest,
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  • #596,449
  • May 20, 2021 7:41pm May 20, 2021 7:41pm
Let see gj h&s wanna play or not..
uj.... hurmmm..
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Peace Yo!
  • #596,450
  • May 20, 2021 8:12pm May 20, 2021 8:12pm
Come on GU.. this week so far range only 100 pip??
Peace Yo!
  • #596,451
  • May 20, 2021 8:16pm May 20, 2021 8:16pm
Quoting Sang.Real
{quote} GU RT completed at SRF zone. Price touch TL. Next is to wait for short set up. Done scalping today. Completed the trade set up to the pips. {image}
Hi, you made this entry in the time of H4, didn't you?
  • #596,452
  • May 20, 2021 8:18pm May 20, 2021 8:18pm
Quoting mrluckystar
Come on GU.. this week so far range only 100 pip??
GU will dropped , my view is price doing higher low first , that on 1.42 point . lets see if he manage to do that and next week to 1.415 high and at last break 1.41
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #596,453
  • May 20, 2021 8:19pm May 20, 2021 8:19pm
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few pips going short, long at daily pivot sma 55 or 61.8 fib watch price action 1.4160 area
  • #596,454
  • May 20, 2021 8:19pm May 20, 2021 8:19pm
Quoting kris89
{quote} GU will dropped , my view is price doing higher low first , that on 1.42 point . lets see if he manage to do that and next week to 1.415 high and at last break 1.41
Above 200 will switch to long.
Peace Yo!
  • #596,455
  • May 20, 2021 8:24pm May 20, 2021 8:24pm
Quoting Nordling00
{quote} Mark my words mate. Challenge ends in 10th of June and if i lose i will accept it like a man. But if i win, i hope you guys have deep pockets because i expect a big, massive check from you guys. And i love epic glories And you shouldn't forget that if the price is going up, it's because it's actually cheap. Listen to this sentence carefully between 4:24 and 4:40 : https://youtu.be/BZTt8Uenmic?t=264
I trade the real market where people get trapped as soon as they get onboard.On London we go below 1.41.
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #596,456
  • May 20, 2021 8:30pm May 20, 2021 8:30pm
Quoting Pipa1
{quote} I trade the real market where people get trapped as soon as they get onboard.On London we go below 1.41.
Let's wait and see, we have time until 10th of June. Get my money ready Mr. Pipa
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  • #596,457
  • May 20, 2021 8:48pm May 20, 2021 8:48pm
@Nordling00 @pipa1
both of you are good trader because you defend your trading strategy..

but one of you will loose.. but only this time..

Subcribe to both of you for check and balance..
Peace Yo!
  • #596,458
  • May 20, 2021 8:49pm May 20, 2021 8:49pm
cad has broken up thru flag mmm hrly ??
If you are new to Forex? Say Goodbye to your account!!
  • #596,459
  • May 20, 2021 8:51pm May 20, 2021 8:51pm
Quoting KiwiTrada
cad has broken up thru flag mmm hrly ??
yeehaa.. go cad..
Peace Yo!
  • #596,460
  • May 20, 2021 8:52pm May 20, 2021 8:52pm
Quoting Pipa1
{quote} I trade the real market where people get trapped as soon as they get onboard.On London we go below 1.41.
hope so pipe ^_^
will see price bombing
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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