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Cable Update (GBPUSD)

  • #604,501
  • Jun 23, 2021 10:23am Jun 23, 2021 10:23am
Quoting BeeTogether
{quote} Below yesterday’s close can also open up 139 for tomorrow. Should BoE provide hawish data 140 will be possible
I would like to close my short with good profit, and not get stopped...so I hope they don't go back to 1.40 again
  • #604,502
  • Jun 23, 2021 10:25am Jun 23, 2021 10:25am
Quoting Pat Chiko
GU Scalping at SSR Zone + RN {image}
GU

Significant SNR zone are strong price action level for taking a trade.
Skill, patience and timing is crucial for trade executions' at this level.

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Notes to remind myself

Abraham Lincoln was quoted as saying “ Give me six hours to chop down a tree and I will spend the first four sharpening the axe.”

An axe is a strength multiplier.
You can be the strongest lumberjack in the world, but with a dull axe, you are in trouble!
Thinking about the topic, learning how to trade, improving before executing and taking any trades… All these things are strength multipliers. You can work hard, hustle, put in the hours, do the work, etc., etc., but the magic happens when you aim to perfect your skills beforehand.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #604,503
  • Jun 23, 2021 10:28am Jun 23, 2021 10:28am
i am looking at dxy also
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yes yes yes
  • #604,504
  • Jun 23, 2021 10:29am Jun 23, 2021 10:29am
Time for some humor.

Got Liu on the phone a few mins back.. Told him I have a full bottle waiting for him at the office if he comes to work. Let's see if he falls for it
Watch out for Liu.
Attached Image
  • #604,505
  • Jun 23, 2021 10:32am Jun 23, 2021 10:32am
Quoting Moty
{quote} wait for the pullback to the band {image}
The price crossed the resistence, is too much unluck if it to cross back.
Together we can be strongest
Vantage Return This Month: na
  • #604,506
  • Jun 23, 2021 10:35am Jun 23, 2021 10:35am
Im in if it break lower TL..
Will go with the flow...
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Peace Yo!
  • #604,507
  • Jun 23, 2021 10:39am Jun 23, 2021 10:39am
Quoting wepe
{quote} how about short with me now bro
gw skip dulu ah.. nonton aje.
Trade with prediction = witch with her visions lol
  • #604,508
  • Jun 23, 2021 10:40am Jun 23, 2021 10:40am
Quoting MTF Test
{quote} Don't you think the current bearish retracement is manipulation/stop hunt ? {image}

So basically a retest of SNR zone or SSR zone, Yes this is quite common, though I never heard this market maker theory behind it though...

This is something that happens all the time on any time frame.
Think of the breakout SNR of ranges in the Asian session for example, during early London, price will break out and usually at some point retest and grab orders at the break point, or the middle point of the range. This is manipulation/retest.

Sometimes, when comes to think about it I just don't understand price "pure manipulation" what was manipulated?

IMO that was a fake test for sellers just to see who was left buying.
And the next few bars told the story Exhaustion at the level of price.

This made me thinking.
That cable 1.40000 sell off seems heavy weighted.
Maybe we may like retest see if they real or just manipulation from the crosses fiasco.
may need find nice bottoming for retest.

Wait for next SNR level Price Action to guide us.

Regards
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #604,509
  • Jun 23, 2021 10:43am Jun 23, 2021 10:43am
perfect bounce
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yes yes yes
  • #604,510
  • Jun 23, 2021 10:48am Jun 23, 2021 10:48am
Quoting JayBag
Time for some humor. Got Liu on the phone a few mins back.. Told him I have a full bottle waiting for him at the office if he comes to work. Let's see if he falls for it Watch out for Liu. {image}

Bears are positioning to give the bulls the good 'ole salute.

Bulls trying to prevent it, but not looking so good at the moment.

One more retest coming to take out weak holder/later entry traders position. (next 30 mins)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #604,511
  • Jun 23, 2021 10:49am Jun 23, 2021 10:49am
Quoting Moty
perfect bounce {image} {image} {image}
good entry point but be careful as it could be where the traders are profiteering
Insane in the Brain..
  • #604,512
  • Jun 23, 2021 10:53am Jun 23, 2021 10:53am
Took a hit not enough power in bears to take out 13950 back to long open TP
Insane in the Brain..
  • #604,513
  • Jun 23, 2021 10:54am Jun 23, 2021 10:54am
Quoting Moty
perfect bounce {image} {image} {image}
Trade with prediction = witch with her visions lol
  • #604,514
  • Jun 23, 2021 11:03am Jun 23, 2021 11:03am
short for 10pips
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who dares wins
mashFX DSRII Return This Year: na
  • #604,515
  • Jun 23, 2021 11:06am Jun 23, 2021 11:06am
Quoting Pat Chiko
{quote} Bears are positioning to give the bulls the good 'ole salute. Bulls trying to prevent it, but not looking so good at the moment. One more retest coming to take out weak holder/later entry traders position. (next 30 mins)
Oh, I agree they never make it easy. They always make it look like it's about to break in the opposite direction, then balm. Seen it way too many times .
Weak stops will always be cleared (Happens 9 out of 10 times)

However, Bears will have fun in the long run especially if DAILY closes below 1.397 area.
Let's see how they play it

Take Care Bro
  • #604,516
  • Jun 23, 2021 11:08am Jun 23, 2021 11:08am
Quoting Pat Chiko
{quote} GU Significant SNR zone are strong price action level for taking a trade. Skill, patience and timing is crucial for trade executions' at this level. {image}
GU

Once the price action has broken through the SNR zones they nearly always pull back to the SNR level to retest it, some time it doesn't quit get there other times it just keep going.
But as time goes on you will be able to pick the moves really well, it just takes dedication and time to learn, just keep at it and dont stop.

You will be richly rewarded in the end.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #604,517
  • Jun 23, 2021 11:10am Jun 23, 2021 11:10am
Quoting mashfx
short for 10pips{image}
Nice looking TE. Well done mashfx
Trade to trade another day
  • #604,518
  • Jun 23, 2021 11:15am Jun 23, 2021 11:15am
Sell limit at 1.4016 (50% daily fib) if it gets there.
The weekly daily range as been completed so hoping for an extension up then down it'll go....
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Or into next week...
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Lost....
  • #604,519
  • Jun 23, 2021 11:16am Jun 23, 2021 11:16am
price will close between 1.39755 and 1.39870 , it can bounce from 1.4 again ,, but i not sure
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yes yes yes
  • #604,520
  • Jun 23, 2021 11:27am Jun 23, 2021 11:27am
might be worth short scalping there
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