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Cable Update (GBPUSD)

  • #599,421
  • Jun 2, 2021 7:16pm Jun 2, 2021 7:16pm
cable hrly last 11hrs has built equilateral triangle very compressed now, normally 50/50 up or down, bigger trend is up, favours, daily 4hrs ranging sideways mid range again 50/50 favored up, howerver on 4hr there was rising lower tl, last nights wee BO south has now come back to retest that BO, if retests holds favors down, patience required 50/50 is coin toss and not worth the risk, personally as price is very compressed in equi triangle now, Im watching for bo "South"
If you are new to Forex? Say Goodbye to your account!!
  • #599,422
  • Jun 2, 2021 7:24pm Jun 2, 2021 7:24pm
Quoting KiwiTrada
cable hrly last 11hrs has built equilateral triangle very compressed now, normally 50/50 up or down, bigger trend is up, favours, daily 4hrs ranging sideways mid range again 50/50 favored up, howerver on 4hr there was rising lower tl, last nights wee BO south has now come back to retest that BO, if retests holds favors down, patience required 50/50 is coin toss and not worth the risk, personally as price is very compressed in equi triangle now, Im watching for bo "South"
Cad is presently below previous monthly low 1 2060 and close to the double bottom prior to that 1 1920ish, being monthly not so far monthly weekly daily trend is strong down, for me Im still looking for a long term trade bottom picking, strongly not advised, r/r just too good to ignore
If you are new to Forex? Say Goodbye to your account!!
  • #599,423
  • Jun 2, 2021 10:11pm Jun 2, 2021 10:11pm
pivot 4154 to R1 4196 first today

To me.

Let me see if support forms around there.
Intraday only.
  • #599,424
  • Edited 10:40pm Jun 2, 2021 10:23pm | Edited 10:40pm
Quoting Sang.Real
Remember reading this somewhere, books, quote ?. Can remember the source. "To completely disagree with someone, and yet engage with them with respect and honesty, is a superpower."
You are totally correct, not a 'superpower', just humility and respect for others, which comes inherent or otherwise.

Along the way, you may just pick something up, if you are willing to listen, and, do the best you can to help, not in return, but as a basic instinct.
"Don't Shoot Me I'm Only the Piano Player"
  • #599,425
  • Jun 2, 2021 10:34pm Jun 2, 2021 10:34pm
Yesterday Daily support tested and respected and price managed and close above the range,we might see upside continuation moves or reverse back @London session later
  • #599,426
  • Jun 2, 2021 10:40pm Jun 2, 2021 10:40pm
Quoting DailyChart
Yesterday Daily support tested and respected and price managed and close above the range,we might see upside continuation moves or reverse back @London session later
Attached Image
  • #599,427
  • Edited Jun 3, 2021 12:27am Jun 2, 2021 11:26pm | Edited Jun 3, 2021 12:27am
Quoting Sang.Real
{quote} GU adjusting SL and TP before Tokyo open. {image}

GU

I'm not sure to continue or take profit now.

I think, it will spike at any time before Frankfurt open.

It may take out my Stop loss.

Any comment from others are welcome to help me on this trades.

Sang Real

Attached Image (click to enlarge)
Click to Enlarge Name: gu 013.jpg Size: 320 KB
  • #599,428
  • Jun 2, 2021 11:33pm Jun 2, 2021 11:33pm
Quoting DailyChart
Yesterday Daily support tested and respected and price managed and close above the range,we might see upside continuation moves or reverse back @London session later
what range are you talking about, daily she is smack in the middle of range,
"we might see upside continuation moves or reverse back @London session" very insightful, about as useful as tits on a bull:-)
If you are new to Forex? Say Goodbye to your account!!
  • #599,429
  • Jun 2, 2021 11:33pm Jun 2, 2021 11:33pm
Quoting Sang.Real
{quote} GU I'm not sure to continue or take profit now. I think, it will spike at any time before Frankfurt open. It mat take out my Stop loss. Any comment from others are welcome to help me on this trades. Sang Real {image}
You forgot to mention that you are a newbie.
  • #599,430
  • Edited 11:50pm Jun 2, 2021 11:40pm | Edited 11:50pm
Quoting Sang.Real
{quote} GU I'm not sure to continue or take profit now. I think, it will spike at any time before Frankfurt open. It mat take out my Stop loss. Any comment from others are welcome to help me on this trades. Sang Real {image}
I would look for sellers below 1.41650 >>>>>
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 31 KB
Fools Rushing
  • #599,431
  • Jun 2, 2021 11:42pm Jun 2, 2021 11:42pm
Quoting montygoldy
{quote} closed my longs with 10 pips... opened a short for 20 pips....
Closed shorts with 10 pip profit... opened long for 10 pips....
Extreme gut feeling trader
  • #599,433
  • Jun 2, 2021 11:46pm Jun 2, 2021 11:46pm
Quoting MTF Test
{quote} I would look for sellers below 1.41650 >>>>>

Yeah, I saw your chart last night on this set up.

I went in earlier, now stuck up there, with no sign of bull or bear making appearance anytime soon.

Have to take the risk and let the trade decide its on course.

Thanks anyway Brother.

Sang Real
  • #599,434
  • Jun 2, 2021 11:49pm Jun 2, 2021 11:49pm
Quoting montygoldy
{quote} Closed shorts with 10 pip profit... opened long for 10 pips....

Smart guy,

You're hit man. Grab and run away.

Sometimes quick scalp does the job better than waiting for long games to conclude.

I'm stuck to this position until taken out.
  • #599,435
  • Jun 2, 2021 11:51pm Jun 2, 2021 11:51pm
Quoting Waveskierrob
Hidden
I'm not aware any pub is still remains open until 6.00 am (London time).


  • #599,436
  • Jun 2, 2021 11:54pm Jun 2, 2021 11:54pm
Quoting bigiivan
{quote} You forgot to mention that you are a newbie.
Thanks for reminding me.

Last surviving Newbie in this thread.

Hope will be able to retain it this, as long I don't give up trading anytime soon.

Have a good day Bro.

Take care & wish Miss Pips attracted to you today.

Regards

Sang real
  • #599,437
  • Jun 2, 2021 11:55pm Jun 2, 2021 11:55pm
Quoting palpite
{quote} I sold here - 1.4175 SL = 1.42
I moved the stop loss to break even.
Together we can be strongest
Vantage Return This Month: na
  • #599,438
  • Jun 3, 2021 12:04am Jun 3, 2021 12:04am
G/M, last day for me for a few weeks - off on hols later today.

Tight asian session, range the session approaching it's end. Solid bearish 1hr & 4hr (gmt+3 price feed) bear engulf closes a few mins ago, this after a few tests on the prev 1hr/4hr sw hi zone to y/day's 4185 hi, the top of which is coexistent with the wider 1hr sw hi zone to 4192. Price now testing bottom of the 1hr part of a prev 1hr/4hr sw hi zone =prev res=pot rbs. 4hr part extends to 4158.

1hr below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #599,439
  • Jun 3, 2021 12:08am Jun 3, 2021 12:08am
Quoting Sang.Real
{quote} GU I'm not sure to continue or take profit now. I think, it will spike at any time before Frankfurt open. It mat take out my Stop loss. Any comment from others are welcome to help me on this trades. Sang Real {image}
Move the SL to break even and leave the trade running.
Together we can be strongest
Vantage Return This Month: na
  • #599,440
  • Jun 3, 2021 12:10am Jun 3, 2021 12:10am
Quoting Sang.Real
{quote} GU I'm not sure to continue or take profit now. I think, it will spike at any time before Frankfurt open. It mat take out my Stop loss. Any comment from others are welcome to help me on this trades. Sang Real {image}
1hr is rangy to bearish, 4hr rangy, so it's anyone's guess really...not clear.
-------------------------------------
4hr below.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 109 KB
Trader with an Edge.
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