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Cable Update (GBPUSD)

  • #603,281
  • Jun 17, 2021 1:53am Jun 17, 2021 1:53am
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long from 1.70082
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yes yes yes
  • #603,282
  • Jun 17, 2021 1:53am Jun 17, 2021 1:53am
I do not know why people talk about a downtrend. We are still in an uptrend. The correction phase should be over after reaching 1.40 zone.
We cut the winners short and let the losers run.
  • #603,283
  • Jun 17, 2021 2:01am Jun 17, 2021 2:01am
Quoting Ryd3n
I do not know why people talk about a downtrend. We are still in an uptrend. The correction phase should be over after reaching 1.40 zone.
YOU are right my friend
it even didn't reached the 50 % retracement
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yes yes yes
  • #603,284
  • Jun 17, 2021 2:03am Jun 17, 2021 2:03am
Technically, the market structure is still bullish but never neglect/trade against the momentum. We should stay with the momentum, i.e. prevailing price action, until the market decides otherwise. In this situation, it is advisable to have a short-term profit target based on nested demand levels/zones (e.g., D1 tf zone nested within W1 & MN tf demand/support zones).

KP

Quoting Ryd3n
I do not know why people talk about a downtrend. We are still in an uptrend. The correction phase should be over after reaching 1.40 zone.
Do your homework, follow the footprints of smart money
  • #603,285
  • Jun 17, 2021 2:03am Jun 17, 2021 2:03am
Quoting Ryd3n
I do not know why people talk about a downtrend. We are still in an uptrend. The correction phase should be over after reaching 1.40 zone.
Depends on your timeframe and perspective
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  • #603,286
  • Jun 17, 2021 2:03am Jun 17, 2021 2:03am
Quoting Ryd3n
I do not know why people talk about a downtrend. We are still in an uptrend. The correction phase should be over after reaching 1.40 zone.

Differing opinion because different trading styles.


I think that different approaches work for different people. Just because scalping or swing tradings works for one person it doesn't mean the same for the next person.
What works for whom is a highly subjective issue - it depends on their personality, their experience, the conditions in which they trade, etc.etc.

Don't worry, be happy.

Have a great day
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #603,287
  • Jun 17, 2021 2:05am Jun 17, 2021 2:05am
it slowly move upside bcos entire day it need to maintain bull candle......
  • #603,288
  • Jun 17, 2021 2:06am Jun 17, 2021 2:06am
Morning all! The day after the night before… cable must feel like it was one hell of a party ! Now to clear up the mess. First target 14050 and then reevaluate where the pair is going
Insane in the Brain..
  • #603,289
  • Jun 17, 2021 2:15am Jun 17, 2021 2:15am
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yes yes yes
  • #603,290
  • Jun 17, 2021 2:15am Jun 17, 2021 2:15am
Quoting Cateus
created sell limit @1.4010. target:1.4075 {image}
frustrating.... missed the trade by 1.5 pip.
I should've watched M15 for more accurate entry.
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  • #603,291
  • Jun 17, 2021 2:17am Jun 17, 2021 2:17am
Quoting Moty
still no break {image}
I am on the same rocket with you Moty. I have 5 open long positions since thursday to TP 1.41500 for yesterday. Top it went was 1.41300 I could have closed and lose $30 instead my inexperienced got the best of me and i currently have a floating -$270. I took $36 profit on my shorts entry with the fomc. Woukd have ended up with plus $6 profit. Crazy how fast that went.

Plan B is in place for hedging and lots of prayers. I currently set my TP on 1.40500 will end up taking the lose of $100usd.

As a newbie I have a lot to learn. I am taking it day by day. But sometimes greed and impatience is getting the better of me. I know I will become better and learn something from this. If not it woukd be a very expensive lesson.

Please guys keep posting your charts and analysis. And let's stop with the banters and useless arguments of who is better than who.

Thanks
  • #603,292
  • Jun 17, 2021 2:18am Jun 17, 2021 2:18am
Quoting Cateus
{quote} frustrating.... missed the trade by 1.5 pip. I should've watched M15 for more accurate entry. {image}
you mean buy limit?
#Stay blue. /swinger/scalper/
  • #603,293
  • Jun 17, 2021 2:22am Jun 17, 2021 2:22am
91.585 seems to hold price
hold it!!!!!!!!!!!!!!!!
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yes yes yes
  • #603,294
  • Jun 17, 2021 2:24am Jun 17, 2021 2:24am
before 30m not closing above 1.401 nothing to buy, its a gamble.

i cant see any setup beside that

yes, i believe 1.401 will test today.
  • #603,295
  • Jun 17, 2021 2:24am Jun 17, 2021 2:24am
Quoting Ehminiz
{quote} you mean buy limit?
No. Sell limit @1.4010.
I reached 1.40085 and bounced then reached target.
  • #603,296
  • Jun 17, 2021 2:26am Jun 17, 2021 2:26am
Quoting KiwiTrada
{quote} Dix is @ daily resistance 91 43 I will extend to 91 54ish Swiss same @ 90 93 extend to psych 91 00 UJ @ 110 97 emphasis (daily resists)if they get through cable will continue to dump, I have squeezed my trades to accommodate possible pull backs, and will wait to see how these levels react :-)
interesting :-) snb in 5 minutes ?????
If you are new to Forex? Say Goodbye to your account!!
  • #603,297
  • Jun 17, 2021 2:26am Jun 17, 2021 2:26am
buy limit 1.3918

too far isnt it...

well .. bear is not done yet

im lurking for more south
Trade with prediction = witch with her visions lol
  • #603,298
  • Jun 17, 2021 2:26am Jun 17, 2021 2:26am
Quoting gatenio
before 30m not closing above 1.401 nothing to buy, its a gamble. i cant see any setup beside that yes, i believe 1.401 will test today.
You closed your Buy?
  • #603,299
  • Jun 17, 2021 2:28am Jun 17, 2021 2:28am
If i look at USD chart against ILS looks like its gaining
Strength..for me its good indication for USD strength.

Green Day to all.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #603,300
  • Jun 17, 2021 2:28am Jun 17, 2021 2:28am
my buy still active , these was the best scene . dxy pumped . gu still holding , we can see a correction soon
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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