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Cable Update (GBPUSD)

  • #597,001
  • May 24, 2021 5:54am May 24, 2021 5:54am
If today price manage break lower high last day. We can see change of direction to make higher low and lower low on next next day

My swing sell with moty chart still on. Today moty have a good taste xD
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #597,002
  • May 24, 2021 6:00am May 24, 2021 6:00am
Quoting Sang.Real
{quote} GU Scalping long not doing well as planned. May have to cut if drop below spikes. Difficult day to scalp today. Mixed signal. {image}
GU

Add long position.

Going to ranging until NYO.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 189.jpg Size: 316 KB
  • #597,003
  • May 24, 2021 6:02am May 24, 2021 6:02am
Quoting Sang.Real
{quote} GU H4 You're right Bro. Today, I may have to take several losses. This consolidation and trend change makes it harder to trade. Perhaps we should be discussing ways to determine trend change, consolidation, exhaustion ect. It seams to me that most losses happen when market conditions change. Price making ranges with "M" formation. It's my goal to become more adaptable to these changes. Appreciate if everyone join the discussion on the subject. Losses are inevitable in trading. Better to manage them and make peace with them. Thinking that...
Trouble is - I think we look at these charts and set-ups base on our style. I can look at the charts and see one thing and someone else will see something totally different. I just know the markets trend 30 % of the time. I go with the flow and base analysis of Multi-time-frames.
Don't trade what you think. Just what you see!!!
  • #597,004
  • May 24, 2021 6:02am May 24, 2021 6:02am
Quoting Pipa1
{quote} There is no real resistance till 86.850...only above will start the problems.Am looking to TP in that area only.We exited a strong accumulation , the wind is in our favour.{image}
could be, little unsure of her still, it is at the utl of rising, channel (4hr) aka bear flag, with 200 sma lurking so Ill trade it 13 pip sl is acceptable, r/r just bottom of channel approx 50 pips, if flag plays out with bo south will consider re-enter on retest, if like you say and channel / flag fails no harm done you will be gathering green pips, I will be down 13 red ones
If you are new to Forex? Say Goodbye to your account!!
  • #597,005
  • May 24, 2021 6:03am May 24, 2021 6:03am
Quoting Theoak
{quote} Stopped out few pips up. I'm still bearish on this pair will wait for a short set-up and then pull the trigger!!! {image}
Back in short in at 1.4129 and 28
Don't trade what you think. Just what you see!!!
  • #597,006
  • May 24, 2021 6:09am May 24, 2021 6:09am
Quoting Theoak
{quote} Back in short in at 1.4129 and 28

The Oak.

This is not the war between Bull Vs Bear

But Maheeee vs Mr Lui.

I prefer long as my H4 set up. ( my own analysis)

The most difficulty is to judge whether a retracement is a retracement or the first wave of a new trend.

In this case, I may say trading success depends on our belief.

And this is the reason why different people reach different conclusions watching the same charts!

Anyway , all the best with your trade.

P/S Where Moty ?
  • #597,007
  • May 24, 2021 6:11am May 24, 2021 6:11am
Quoting gatenio
{quote} sl be on the first adding another 1.413 tp 1.4187
nice 1st entry :-) be careful the lower timeframe ping pong could be bull trap, she smashed through hrly rising channel aka bear flag3 hrs ago, no real reason fundamentally, the next candle retested and held, until she re enters that channel, bears are in control???? only thing holding them up is 200 sma hrly, 4 attacks so far???
If you are new to Forex? Say Goodbye to your account!!
  • #597,008
  • May 24, 2021 6:14am May 24, 2021 6:14am
Quoting KiwiTrada
{quote} nice 1st entry :-) be careful the lower timeframe ping pong could be bull trap, she smashed through hrly rising channel aka bear flag3 hrs ago, no real reason fundamentally, the next candle retested and held, until she re enters that channel, bears are in control???? only thing holding them up is 200 sma hrly, 4 attacks so far???
yeah i know, thanks for the input.

im only take a ride on bulls back for some morning money.
  • #597,009
  • May 24, 2021 6:15am May 24, 2021 6:15am
Hopefully get short TP soon, market too slow!
Attached Image (click to enlarge)
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  • #597,010
  • May 24, 2021 6:17am May 24, 2021 6:17am
Quoting Sang.Real
{quote} The Oak. This is not the war between Bull Vs Bear But Maheeee vs Mr Lui. I prefer long as my H4 set up. ( my own analysis) The most difficulty is to judge whether a retracement is a retracement or the first wave of a new trend. In this case, I may say trading success depends on our belief. And this is the reason why different people reach different conclusions watching the same charts! Anyway , all the best with your trade. P/S Where Moty ?
Nice one. I've looked at the charts again and there is no clear win in the battle between the Bulls and the bears. Have closed trade down with a few pips lost. Will look for easier set-ups on other markets!!!
Don't trade what you think. Just what you see!!!
  • #597,011
  • May 24, 2021 6:25am May 24, 2021 6:25am
Quoting dylan369
{quote} Greetings; W0lfram with this graph you are implying this is a very bullish trend?
I often hear "History repeats itself".
Very similar PA on wkly TF in 2018 and now. Let's see what happens this time.
Air force
  • #597,012
  • May 24, 2021 6:29am May 24, 2021 6:29am
Quoting Sang.Real
{quote} The Oak. This is not the war between Bull Vs Bear But Maheeee vs Mr Lui. I prefer long as my H4 set up. ( my own analysis) The most difficulty is to judge whether a retracement is a retracement or the first wave of a new trend. In this case, I may say trading success depends on our belief. And this is the reason why different people reach different conclusions watching the same charts! Anyway , all the best with your trade. P/S Where Moty ?
Watch 1.4100 closely, failure to break is a certain invitation of 1.4270 before final fall.
Data + Stat + Risk/Emotions Management
  • #597,013
  • May 24, 2021 6:36am May 24, 2021 6:36am
Quoting Georginson
{quote} Watch 1.4100 closely, failure to break is a certain invitation of 1.4270 before final fall.
Nothing impossible bro, event GBP can go to 1.45 in July and 1.5 in Dec. If FED only consider hike rate in Q4, it is possible.
  • #597,014
  • May 24, 2021 6:41am May 24, 2021 6:41am
Correcting Movement
Attached Image (click to enlarge)
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  • #597,015
  • Edited 6:57am May 24, 2021 6:42am | Edited 6:57am
Attached Image (click to enlarge)
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support & resistance https://www.fibonaccitrader.com/journals/FTJ14.pdf
  • #597,016
  • May 24, 2021 6:44am May 24, 2021 6:44am
Quoting Ihlas
{quote} 1.41420 - 1.41265 zone is important
Up
  • #597,017
  • Edited 7:34am May 24, 2021 7:13am | Edited 7:34am
Am somewhat tempted by a long scalp by the looks of things now, looks like a mini long accumulation. Might get in on the next pull back

Edit-just scalped a handful of pips. If it pulls back as per my pic I'll take it again
Attached Image (click to enlarge)
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  • #597,018
  • May 24, 2021 7:20am May 24, 2021 7:20am
It’s very slow today... feels like a Sunday lol
Insane in the Brain..
  • #597,019
  • May 24, 2021 7:22am May 24, 2021 7:22am
Quoting Sang.Real
{quote} GU Add long position. Going to ranging until NYO. {image}
GU

If support hold, need to see price break SBR Zone


Attached Image (click to enlarge)
Click to Enlarge Name: gu 190.jpg Size: 317 KB
  • #597,020
  • May 24, 2021 7:28am May 24, 2021 7:28am
Quoting Sang.Real
{quote} GU If support hold, need to see price break SBR Zone {image}

spike lee is just way around the corner
Keep the Lights on then you can catch the rise from the dark.
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