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Cable Update (GBPUSD)

  • #597,301
  • Edited 7:51am May 25, 2021 7:21am | Edited 7:51am
Quoting BeeTogether
{quote} I love those lock and load trades
TBH, not feeling quite right, might take it out at breakeven. Was hoping for a quick 25 pop before running into 1.4188ish, then short again. Looks like 1.4172 is SBR

I believe we have both GBP and USD weakening at the same time

EDIT, took out for a few pips loss. Unfortunately a setup that has worked well for me in the past just failed this occasion. And if I'd just held short I'd be fine.. demn
  • #597,302
  • May 25, 2021 7:32am May 25, 2021 7:32am
Quoting gatenio
{quote} added another no sl yet but temporary tp {image}
All out.
sideline now.
  • #597,303
  • May 25, 2021 7:39am May 25, 2021 7:39am
Quoting Pipa1
EG + 60 pips and running..no hope for GU ,once he pushes below 1.41400 is going to be hit by a hammer and will move only on the Y axes(vertical) , no more X(horizontal).
imo you need 1.4113 something like that, but basically if if pass 1.414 it will continue down.
no vola, so im outa.
  • #597,304
  • May 25, 2021 7:43am May 25, 2021 7:43am
Quoting mysterio
{quote} TBH, not feeling quite right, might take it out at breakeven. Was hoping for a quick 25 pop before running into 1.4188ish, then short again. Looks like 1.4172 is SBR I believe we have both GBP and USD weakening at the same time
which means more tight range trading again this week
Insane in the Brain..
  • #597,305
  • May 25, 2021 7:48am May 25, 2021 7:48am
Quoting BeeTogether
{quote} which means more tight range trading again this week
I hope it will continue to ranging until end of the month.

This is too good for scalping.

In and out with very tiny SL.

Hope it will go down a bit and then spike up.

That's the plan for NY
  • #597,306
  • May 25, 2021 7:50am May 25, 2021 7:50am
Quoting mysterio
{quote} Will TP on the long then short again here Any opinions ? Maybe won't even get there {image}
i'm always waiting for this hammer.. Thanks buddy... hehe
We love him, because he first loved us.
  • #597,307
  • May 25, 2021 7:51am May 25, 2021 7:51am
Quoting Sang.Real
Only one GAP left to get filled. I'm waiting for confirmation Be careful, this is scalper market, it may want to spike up and down within the range. {image}

GU

Spike down take all the order first

Just scalping till it get to the GAP

Attached Image (click to enlarge)
Click to Enlarge Name: gu 216.jpg Size: 273 KB
  • #597,308
  • May 25, 2021 7:55am May 25, 2021 7:55am
Quoting Pipa1
EG + 60 pips and running..no hope for GU ,once he pushes below 1.41400 is going to be hit by a hammer and will move only on the Y axes(vertical) , no more X(horizontal).
As i expected...vertical movement
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #597,309
  • May 25, 2021 7:57am May 25, 2021 7:57am
Quoting shotshell
{quote} might be just an opportunity to add to your short!
I gotta roll back on my comments you were correct. Tried to be a bit too clever, got suckered into a little bull trap
  • #597,310
  • May 25, 2021 7:59am May 25, 2021 7:59am
Quoting eugenerated
{quote} i'm always waiting for this hammer.. Thanks buddy... hehe


I think you missed the hammer earlier for 70 pips

Yes it was hammer until now.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 217.jpg Size: 301 KB
  • #597,311
  • May 25, 2021 8:06am May 25, 2021 8:06am
Quoting Sang.Real
{quote} GU Spike down take all the order first Just scalping till it get to the GAP {image}

GU

That was quick scalp.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 218.jpg Size: 316 KB
  • #597,312
  • May 25, 2021 8:09am May 25, 2021 8:09am
Does everyone has a gap at 1.398 from May, 10th open?
Air force
  • #597,313
  • May 25, 2021 8:11am May 25, 2021 8:11am
Quoting Sang.Real
{quote} GU That was quick scalp. {image}
I am happy for you man ! You can be a role model to the newbies out there ! Good work !

Cheers !
Fools Rushing
  • #597,314
  • May 25, 2021 8:11am May 25, 2021 8:11am
Quoting BeeTogether
{quote} which means more tight range trading again this week
My money is on 1.40. The M pattern is too perfect, it will break the neckline soon. It is playing out exactly how it should
  • #597,315
  • May 25, 2021 8:13am May 25, 2021 8:13am
Quoting gatenio
{quote} imo you need 1.4113 something like that, but basically if if pass 1.414 it will continue down. no vola, so im outa.
The bottom of actual level is 1.41400, moved up from 1.41000 .
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #597,316
  • May 25, 2021 8:16am May 25, 2021 8:16am
Quoting mysterio
{quote} My money is on 1.40. The M pattern is too perfect, it will break the neckline soon. It is playing out exactly how it should
I got in at 1.42082 just before the drop. TP is at 1.41

4Hr looks like a deeper retracement. Looking at the DXY, I think we're starting a dollar rally.
  • #597,317
  • May 25, 2021 8:17am May 25, 2021 8:17am
Still running my sell positions from last week.... 1.41100 needs to break this time... we want below 1.41
Extreme gut feeling trader
  • #597,318
  • May 25, 2021 8:17am May 25, 2021 8:17am
Quoting sang.real
{quote} i think you missed the hammer earlier for 70 pips yes it was hammer until now. {image}
لم أفتقدها يا أخي. كان الربح المستهدف 45 نقطة فقط وقد ربحت بالفعل 145 دولارًا في المضاربة.
We love him, because he first loved us.
  • #597,319
  • May 25, 2021 8:22am May 25, 2021 8:22am
My last trade for the Prop Account -

What do you think 1.40?
Seems 1.41 could be feasible as per fib ext.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 33 KB
Fools Rushing
  • #597,320
  • May 25, 2021 8:26am May 25, 2021 8:26am
Quoting W0lfram
Does everyone has a gap at 1.398 from May, 10th open?
Yes, I have, even it’s showing on TradingView as well
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