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Cable Update (GBPUSD)

  • #597,801
  • May 27, 2021 2:42am May 27, 2021 2:42am
Quoting navk
{quote} This can go up more...however, my TP is at pivot. 1.4135
I am right, my TP got hit.

Can goto sleep now.


Intraday only.
  • #597,802
  • May 27, 2021 2:43am May 27, 2021 2:43am
here we are the pivot area 1.41350 the pinpoint , back to channel and bullish or continue downward the bearish
this pinpoint area will be important to next mover in L.O till NYO
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #597,803
  • May 27, 2021 2:47am May 27, 2021 2:47am
38.2% of 4110-4091 and the DP, and into a prev 1hr sw lo zone = prev supp = pot sbr and still in that wider prev 4hr x 2 sw lo zone at the current dly hi, where supply has been encountered.

1hr below.
EDIT: added 4hr
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Trader with an Edge.
  • #597,804
  • May 27, 2021 2:48am May 27, 2021 2:48am
Today, I keep the table clear because the amount of BEer I am expecting to drink today will likely get me drunk.

the above is a metaphor as I don't even drink beer lol

Be kind Gang
  • #597,805
  • May 27, 2021 2:51am May 27, 2021 2:51am
when many people hope price to jump , ill get the Beer because the MM always Drink people Hope , so ill be the opposite and get the Beer but caution not get drunk or else cant even move my leg XD
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #597,806
  • May 27, 2021 2:54am May 27, 2021 2:54am
it will go up , stubborn on Ur direction....
  • #597,807
  • May 27, 2021 2:54am May 27, 2021 2:54am
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if hit once and retreat price could drop , if retest and retest making flag within that channel line , maybe the price will really get to that mahee mean area also , anything possible , but i dont betting. trust your plan and set up , this monthly candle my target was close below 1.40000
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #597,808
  • May 27, 2021 2:55am May 27, 2021 2:55am
Hi bro Sang,

I am interested to see your setup/suggestion on where to go from here.

I shorted, it went up and took my SL, I went long, I it immediately dropped 20 pips just now.

What on earth is going on me with :-(
  • #597,809
  • May 27, 2021 2:59am May 27, 2021 2:59am
Quoting KiwiTrada
{quote} your chart also shows H&S your lower rising tl is neckline with BO south possible retest of that BO inplay, very interesting level for eyeball usd prs(bull) close to resistance swissy 8959ish cad 1 2140ish dix 90 70 holding cable 1 41 psych - 1 4120ish au bears swing 4hr fib 61.8 7740 - 7750 nu 7300 psych will be interesting night to see if USD can find second gear, no trades for me around here until direction is clearer, waiting brit open then us data just after midnight !!!!
it would seem H&S neckline bo retest has been rejected, tempted to try adding a short, will see how this hrly and 4hrly closes?? closes
If you are new to Forex? Say Goodbye to your account!!
  • #597,810
  • Edited 3:55am May 27, 2021 3:02am | Edited 3:55am
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NV

higher up classified
  • #597,811
  • May 27, 2021 3:03am May 27, 2021 3:03am
Quoting IBabyTrader
Hi bro Sang, I am interested to see your setup/suggestion on where to go from here. I shorted, it went up and took my SL, I went long, I it immediately dropped 20 pips just now. What on earth is going on me with :-(
You responded to yourself...put your order exactly where you would place your SL.Good luck.
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #597,812
  • May 27, 2021 3:03am May 27, 2021 3:03am
Quoting Headland
{quote} Good points. -------------------- I think you need to adapt to changing volatility to ensure you are productive whatever the market conditions. I operate on the smaller t/f's in a couple of triple t/f combinations (1min/5min/30min and 3min/15min/1hr) but when volatility is high my trigger t/f for entry tends to be higher, typically 5min (+,) but when volatility is lower like recent times (ie 30day adr down from 130+ a few months ago to 91 today,) my typical entry trigger is 1min (+.)
I only use the daily timeframe. So i wait forever
You have to have an IQ higher than 90 to interact with this user.
  • #597,813
  • May 27, 2021 3:05am May 27, 2021 3:05am
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yes yes yes
  • #597,814
  • May 27, 2021 3:10am May 27, 2021 3:10am
sl 1h above 1.4124
have a good day.
50m to go..
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  • #597,815
  • May 27, 2021 3:12am May 27, 2021 3:12am
Quoting Wavegarrick
{quote} Same ole same ole, something's gotta give. I am locked in with all sell trades. I need to zoom into the hourly timeframe to see what is happening these days. Cheers. {image}
Hi Guys,
Took a sell trade at my daily pivot at 1.41341 and now with my 4 hr candle close. Stop losses 35 pips. Kinda iffy at the mo. It is important for a clear break below 1.4100.
Trade safe,
Cheers.
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Trade to trade another day
  • #597,816
  • May 27, 2021 3:13am May 27, 2021 3:13am
Quoting Moty
{image}{image}
for today my view is different haha i wish it move far away and away because monthly about to close and i dont wanna see price like grumbling on land
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #597,817
  • May 27, 2021 3:13am May 27, 2021 3:13am
Quoting JayBag
Today, I keep the table clear because the amount of BEer I am expecting to drink today will likely get me drunk. the above is a metaphor as I don't even drink beer lol Be kind Gang
the bearish mode has to come to a head some time soon or the bulls will just let it rip ...

still seeing 13980-14000
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Insane in the Brain..
  • #597,818
  • May 27, 2021 3:14am May 27, 2021 3:14am
Quoting JayBag
Today, I keep the table clear because the amount of BEer I am expecting to drink today will likely get me drunk. the above is a metaphor as I don't even drink beer lol Be kind Gang
Abeg make I Drink on your behalf. I need am
  • #597,819
  • May 27, 2021 3:17am May 27, 2021 3:17am
Quoting IBabyTrader
Hi bro Sang, I am interested to see your setup/suggestion on where to go from here. I shorted, it went up and took my SL, I went long, I it immediately dropped 20 pips just now. What on earth is going on me with :-(
put pivot points on your chart, you went long as it approached the daily pivot level, typically not a good idea
  • #597,820
  • May 27, 2021 3:17am May 27, 2021 3:17am
Quoting BeeTogether
{quote} the bearish mode has to come to a head some time soon or the bulls will just let it rip ... still seeing 13980-14000 {image}
I believe it will hit, maybe even this week. The bears just need some patience. I still think the ideal short sale hasn't presented itself today. Time will tell
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