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Cable Update (GBPUSD)

  • #600,541
  • Jun 7, 2021 10:14am Jun 7, 2021 10:14am
Quoting Wavegarrick
{quote} Hi Guys, I am getting subtle bearish signals from a daily perspective and will look to add short trades towards my daily pivot at 1.41493. Test the water sell trade opened. Have a great week, Cheers {image}
Anyway Folks,
We are going into the 5th consecutive week without a weekly close above 1.42000. Speaks volumes doesn't it?. A strong break and hold above 1.42000 will invalidate my short view and more so a weekly close above 1.42000. For now, I keep selling retraces.
Trade safe,
Cheers.
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Trade to trade another day
  • #600,542
  • Jun 7, 2021 10:14am Jun 7, 2021 10:14am
Quoting gatenio
Careful buyers. i dont have target, and i will lock it soon.. but imo down it is. {image}
i am out from long , last hourly candle scare me
i was able to recover 70 $ from 135 $ loss in the morning
i hope that tomorrow i will trade more like the trades that i took after London open , and not like the one that was before
will buy a break of last hourly high or close of 5m candle above st AFTER RETRACMENT
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yes yes yes
  • #600,543
  • Jun 7, 2021 10:17am Jun 7, 2021 10:17am
Quoting babayaga
sold everything cable, gj & gold {image} {image} {image}
UJ finally proper bounce 109.16 now testing 25. Gold seems nerve wrecking for bulls. As far as I can see all roads lead south for GU
  • #600,544
  • Jun 7, 2021 10:20am Jun 7, 2021 10:20am
As flat as a ......
  • #600,545
  • Jun 7, 2021 10:22am Jun 7, 2021 10:22am
Quoting JayBag
{quote} I agree he's been doing hide and seek but with me, I have no problem with that. When he's tired, he'll likely face one direction. Last year's HIGH needs to stay intact after being faded already. 1.4184 area looks magnetic after failing to reject at 1.4142 I have the time
I think this should CAP it for this week. Unless they have more plans but either way, I and family members have the time
  • #600,546
  • Jun 7, 2021 10:30am Jun 7, 2021 10:30am
Quoting Pat494
As flat as a ......
Earth?
Air force
  • #600,547
  • Jun 7, 2021 10:33am Jun 7, 2021 10:33am
Quoting gatenio
Careful buyers. i dont have target, and i will lock it soon.. but imo down it is. {image}
stop out BE+ few dollars.
  • #600,548
  • Jun 7, 2021 10:36am Jun 7, 2021 10:36am
Added another short at 78. Stops above todays high
  • #600,549
  • Jun 7, 2021 10:38am Jun 7, 2021 10:38am
Quoting mtako
New setup confirmed, buy stop 4172, buy stop 4182, trailing stops from 4157 {quote} Surprise us at least once today price ! {image}

oh nooo ... not looking as gooood . I actually have a short scalp setup if goes back down to 4168. Moving SL of my 4172 at BE, 4182 Sl now at 4168. Not over ! But it is for me, going to bed early. Have a good night all !
Attached Image
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #600,550
  • Jun 7, 2021 10:40am Jun 7, 2021 10:40am
Bears Time?
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Lost in Narrative
  • #600,551
  • Jun 7, 2021 10:41am Jun 7, 2021 10:41am
I think bear will attack at new h4 candle
  • #600,552
  • Jun 7, 2021 10:45am Jun 7, 2021 10:45am
What do you think about these trendline ?
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Don't be too greedy
  • #600,553
  • Jun 7, 2021 10:47am Jun 7, 2021 10:47am
Quoting voeltoez
I think bear will attack at new h4 candle
Orders are scheduled to execute hourly. 4 hours is a strange candle that doesnt really hold much PA. But then price is fractal on every timeframe. So confusing....
  • #600,554
  • Jun 7, 2021 10:48am Jun 7, 2021 10:48am
Quoting Moty
{quote} {image}{image}{image}
4200 may break ( may ) tomorrow.

Today high is printed IMO.
Intraday only.
  • #600,555
  • Jun 7, 2021 10:57am Jun 7, 2021 10:57am
another short attempt
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  • #600,556
  • Jun 7, 2021 10:58am Jun 7, 2021 10:58am
Quoting babayaga
sold everything cable, gj & gold {image} {image} {image}
And your house?
  • #600,557
  • Jun 7, 2021 11:00am Jun 7, 2021 11:00am
Quoting navk
{quote} 4200 may break ( may ) tomorrow. Today high is printed IMO.
100% agree with this statement.
  • #600,558
  • Jun 7, 2021 11:03am Jun 7, 2021 11:03am
More room to up today.
  • #600,559
  • Jun 7, 2021 11:03am Jun 7, 2021 11:03am
Quoting DailyChart
{quote} Added another Pending Long @1.4174 [email protected] until LO Close {image}
Added another Pending Long @1.4188 [email protected]
Move all OF The Running Profits Stop To @1.4162

Shop Close
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  • #600,560
  • Jun 7, 2021 11:08am Jun 7, 2021 11:08am
Quoting goldfish3
{quote} Solid enough for me to try again {image}
Scaled out a third of the total position at 80 = -8
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