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Cable Update (GBPUSD)

  • #598,681
  • May 31, 2021 6:36am May 31, 2021 6:36am
Quoting maheeee
low volume..........irritating...
better to trade tommorrow..

low volume is hell...................
  • #598,682
  • May 31, 2021 7:01am May 31, 2021 7:01am
Quoting Nordling00
{quote} Yes there's also that and i am sure it will create some volatility. But there's three scenarios about upcoming NFP: 1. If NFP data comes lower than expected, then GU will rise, but faster. 2. If NFP data comes around the consensus number, GU will rise, but in a normal speed. 3. If NFP data comes higher than expected, GU will probably make a pullback, giving some time to buy and rise again. That rise can continue if US Inflation data comes higher than expected (10th of June) So we have roughly 75% chance to see GU going up.
Yea maybe

They may well move it to the bottom of this range again first, possibly they will use NFP to take out liquidity in the opposite side of the range to where the real breakout will happen (NFP/FOMC being the prime manipulation days). So my plan for a swing might be to go long if they breakout below 1.41 during NFP or vice versa, short around 1.4280-1.4380 level which is a big selling level. Gut feeling is your scenario 3 might play out, we'll see how it pans out. Mostly just usual price action scalping, I did my target on the short side with the M pattern retrace this morning (posted elsewhere at the time). Tldr, scalp within the range find a good level to fade any fakeouts outside the range. At the moment 1.4170 is sitting on a TL which will either false break and go long or break and go to the bottom of the range, careful scalping around here, it is also a horizontal buying level from this morning.. seeing some hidden bull divergence also

Good luck/good trading to all this week
  • #598,683
  • May 31, 2021 7:06am May 31, 2021 7:06am
GU

Scalping at SNR Level


Attached Image (click to enlarge)
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  • #598,684
  • May 31, 2021 7:09am May 31, 2021 7:09am
Quoting Pipa1
I'll catch you later naysayers.This week i'll keep counting green pips.What's done is done, nobody can stop GBP dive, not even God.
I don't know what you guys see on your charts, but I just finished a deep scann, in the micro market there is no sign of fight above 1.42 , the market makers didn't tried to take advantage of traders who were trying to sell if any.Most of the fights were done on the buy side, at 1.40 ,1.39, 1.38 everytime the market dropped .I can make a bet right now.As soon as GBP will try to buy bellow 1.39 will fly like a rocket in the same day 100+ pips....in this moment there is no support till 1.41500.Good trading....
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I'm The Real Deal Quant-XR ,The Financial Hacker
  • #598,685
  • May 31, 2021 7:11am May 31, 2021 7:11am
Quoting Tekin
{quote} Agree my tp1 1903 for scalping and then if it increase reload at 1907.60 finally for today 1890
No need to wait againest screen a dead day
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  • #598,686
  • May 31, 2021 7:11am May 31, 2021 7:11am
Quoting Pipa1
{quote} I don't know what you guys see on your charts, but I just finished a deep scann, in the micro market there is no sign of fight above 1.42 , the market makers didn't tried to take advantage of traders who were trying to sell if any.Most of the fights were done on the buy side, at 1.40 ,1.39, 1.38 everytime the market dropped .I can make a bet right now.As soon as GBP will try to buy bellow 1.39 will fly like a rocket in the same day 100+ pips....in this moment there is no support till 1.41500.Good trading....{image}...
Thanks for your tips Bro.

I'm trying to make a quick scalp for few pips only, if got lucky.

Try if can, if cannot, the take the loss.

After all today is very tiny moves only. I think cannot move very far.
  • #598,687
  • May 31, 2021 7:17am May 31, 2021 7:17am
Quoting Tekin
{quote} No need to wait againest screen a dead day {image}
I think so.

I came in late today coz, attended things out side.

If cannot move in an hour, I shut down and closed everything.

Come back tomorrow.

Continue reading book after this.

Good nite
  • #598,688
  • May 31, 2021 7:20am May 31, 2021 7:20am
Quoting Pipa1
{quote} I don't know what you guys see on your charts, but I just finished a deep scann, in the micro market there is no sign of fight above 1.42 , the market makers didn't tried to take advantage of traders who were trying to sell if any.Most of the fights were done on the buy side, at 1.40 ,1.39, 1.38 everytime the market dropped .I can make a bet right now.As soon as GBP will try to buy bellow 1.39 will fly like a rocket in the same day 100+ pips....in this moment there is no support till 1.41500.Good trading....{image}...
so cute
  • #598,689
  • May 31, 2021 7:23am May 31, 2021 7:23am
Quoting W0lfram
{quote} I see many have reacted to this part. Technically true, fictional characters can't do anything in real world. ¯\_(ツ)_/¯
I'm not religious but i believe in God."not even God" was meant to say that GBP is going to take a heavy dive ,no matter what.
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #598,690
  • May 31, 2021 7:30am May 31, 2021 7:30am
Don't miss this one, might improve your tradingHow the market works.
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I'm The Real Deal Quant-XR ,The Financial Hacker
  • #598,691
  • May 31, 2021 7:33am May 31, 2021 7:33am
Quoting Sang.Real
GU Scalping at SNR Level {image}
what was the result of the race
  • #598,692
  • May 31, 2021 7:36am May 31, 2021 7:36am
Quoting Pipa1
Don't miss this one, might improve your tradingHow the market works.{image}
Thanks again.

Good post. I will remember this and hope to improve my newbie trading skill. Good reminder.

Best Regards

Sang Real
  • #598,693
  • May 31, 2021 7:38am May 31, 2021 7:38am
the only thing happening today is people who enter gonna pay swap fees
  • #598,694
  • May 31, 2021 7:43am May 31, 2021 7:43am
Quoting mysterio
At the moment 1.4170 is sitting on a TL which will either false break and go long or break and go to the bottom of the range, careful scalping around here, it is also a horizontal buying level from this morning.. seeing some hidden bull divergence also Good luck/good trading to all this week
Took a buy for a quick scalp, just looking for a quick 2xR, locking in at BE asap. Not looking for much today..

https://www.tradingview.com/x/Ilp3rrxD/
  • #598,695
  • May 31, 2021 7:43am May 31, 2021 7:43am
Quoting nAVIN2007
the only thing happening today is people who enter gonna pay swap fees
It was good to short in the morning. At least it moved 40 pips.

I came in late, very bad timing.

Even to get 5 pips is almost impossible, even not enough to pay spread... lol.

  • #598,696
  • May 31, 2021 7:51am May 31, 2021 7:51am
9 Mints - confirmation for a possible bull run.
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Fools Rushing
  • #598,697
  • May 31, 2021 7:55am May 31, 2021 7:55am
Quoting recepcem1984
{quote} what was the result of the race
Sunday enter 2 heat.

Got # 4th on race 1.

and # 2nd on race 2.





Must try harder next time to train my camel.
  • #598,698
  • May 31, 2021 7:55am May 31, 2021 7:55am
WOW
  • #598,699
  • May 31, 2021 7:56am May 31, 2021 7:56am
longs tp hit....only gold longs left... targeting 1920 tomorrow or after
Extreme gut feeling trader
  • #598,700
  • May 31, 2021 7:57am May 31, 2021 7:57am
Quoting thevisitor
Spike up is only a matter of time.
Booooom
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