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Cable Update (GBPUSD)

  • #606,221
  • Jul 1, 2021 4:26am Jul 1, 2021 4:26am
...break below that prev 4hr/dly sw lo to 3786 (zone now potential sbr) to Wkly S1 @ the current dly lo.
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Trader with an Edge.
  • #606,222
  • Jul 1, 2021 4:27am Jul 1, 2021 4:27am
Quoting Pat Chiko
{quote} I'm sure he got good rest every night to stay sharp and focus. The secret is : {image} P/s don't try to do this at home.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #606,223
  • Jul 1, 2021 4:28am Jul 1, 2021 4:28am
Quoting dimitricss
just scalping... long 1.3785 {image}
go go go
Everything is possible but not guaranteed
  • #606,224
  • Jul 1, 2021 4:30am Jul 1, 2021 4:30am
Quoting Vincent1
{quote} It's not a full Engulfing, but when there's a 430 pip candle to cover, it's not easy. The strength of the Bears that came out in June remains evident. {image} To get an idea of the strength of the USD in June, take a look at the other pairs as well {image}{image}{image}
Hi Vincent it is a full engulfing ,its actually an outside candle ,look at your open
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #606,225
  • Jul 1, 2021 4:30am Jul 1, 2021 4:30am
Quoting Passenger12
{quote} go go go

ngeri2 sedap..
Trade with prediction = witch with her visions lol
  • #606,226
  • Jul 1, 2021 4:31am Jul 1, 2021 4:31am
Quoting Moty
{image}
Look at 13760-50 as area of retrace. Psychological and also is S2
Insane in the Brain..
  • #606,227
  • Jul 1, 2021 4:34am Jul 1, 2021 4:34am
now 1.3775-85 (range?!)
dolce vita
  • #606,228
  • Jul 1, 2021 4:34am Jul 1, 2021 4:34am
Just passing, Let's have a productive day yes?
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  • #606,229
  • Jul 1, 2021 4:34am Jul 1, 2021 4:34am
Quoting dimitricss
{quote} ngeri2 sedap..
lotnya jumbooooo
Everything is possible but not guaranteed
  • #606,230
  • Jul 1, 2021 4:35am Jul 1, 2021 4:35am
Quoting Vincent1
{quote} The daily closing is different from mine, I use 5pm in New York What time do you use for daily closing and why?
I use pro real time and set my close for 8gmt for convenience , I then also get 5 equal candles in a week
I defiantly wouldn't use a chart that had that Sunday daily candle (4hr) because of the clutter it cause ,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #606,231
  • Jul 1, 2021 4:35am Jul 1, 2021 4:35am
Countertrend again tight stops, lock in to BE after 10 pips
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  • #606,232
  • Jul 1, 2021 4:37am Jul 1, 2021 4:37am
some people might want to call the monthly dark cloud ,it's the same probability anyway ,mine is absolutely full engulf
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #606,233
  • Jul 1, 2021 4:41am Jul 1, 2021 4:41am
Quoting Vincent1
{quote} Ciao Babayaga, thanks for your idea and for your italian You have a good eye, it looks like an inverted Cup and Handle. Cup and Handle are usually formed from the first part by a Rounding Bottom or Top, a correction between 25 and 50% and then a second movement, which tends to be the same depth as the Cup. Here, for now, all the requirements are met So if the Cup and Handle is confirmed, at the break of 1.3780, the possible target becomes around 1.3300 (see the red lines on the chart). But, remember, in reality we are inside an even...
ciao Vincent1
cosa pensi
questa maledetta tazza con manico...

do we still have a chance
???
grazie

P.S. I think if she ( cable ) enter 1.3786.., no
dolce vita
  • #606,234
  • Jul 1, 2021 4:46am Jul 1, 2021 4:46am
... 23.6% 2252-4249 also @ current dly lo (along with wkly S1.) 1hr below shows the potential near-term 1hr+ upside obstacles starting with that prev 4hr/dly sw lo zone starting @ 3786 which is now potential sbr.
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Trader with an Edge.
  • #606,235
  • Jul 1, 2021 4:46am Jul 1, 2021 4:46am
Quoting Bones
{quote} Hi Vincent it is a full engulfing ,its actually an outside candle ,look at your open
Thanks Bones
You are right, it is an Outside bar

About Engulfing, the definitions I studied call it Engulfing if the second bar cover the first with the open and the close. Do you have a different one? To me it was Engulfing until 2 hours before Daily close, but then they pushed him up

At the end, I don't think that 20 pips in 2 hours on a Monthly candle of 430 pips are a great change. If it is Engulfing, Outside or Dark Cloud Cover... The position of the candels at that levels and the structure in lower TF say Bears took control in June
We may see some retracement, maybe 1.40 again, but the trend will be down for few week in any case

Quoting Bones
{quote} I use pro real time and set my close for 8gmt for convenience , I then also get 5 equal candles in a week I defiantly wouldn't use a chart that had that Sunday daily candle (4hr) because of the clutter it cause ,
Actually I dont have the Sunday candle with close at 5pm New York. I will give a try at 8gmt to see the difference
  • #606,236
  • Jul 1, 2021 4:47am Jul 1, 2021 4:47am
Quoting Georginson
{quote} I see differently, this price will soon resume another crash to 1.3720 area in days ahead as far as the bulls can't break 1.4000.
As expected price keeps grinding lower and I have been reacting accordingly... This can't come in a straight line to 1.3720, there will be some 30 - 60 pips bounce then another sell resumption to the target area.
Data + Stat + Risk/Emotions Management
  • #606,237
  • Jul 1, 2021 4:48am Jul 1, 2021 4:48am
Quoting Inthebox
watching last month's low.
last months low is also last weeks low also previous daily low, so what you watching it for????
If you are new to Forex? Say Goodbye to your account!!
  • #606,238
  • Jul 1, 2021 4:49am Jul 1, 2021 4:49am
Quoting Moty
{image}
I feel you mate. I'm also trapped in 1.38 and wishing for your trendline to hold.
  • #606,239
  • Jul 1, 2021 4:52am Jul 1, 2021 4:52am
Quoting Vincent1
{quote} Thanks Bones You are right, it is an Outside bar About Engulfing, the definitions I studied call it Engulfing if the second bar cover the first with the open and the close. Do you have a different one? To me it was Engulfing until 2 hours before Daily close, but then they pushed him up At the end, I don't think that 20 pips in 2 hours on a Monthly candle of 430 pips are a great change. If it is Engulfing, Outside or Dark Cloud Cover... The position of the candels at that levels and the structure in lower TF say Bears took control...
Hi V,

You are correct. For it to be an engulfing, it has to close below or above previous candle. With my limited experience with candlestick and judging by the close, last month's candle is not and ENGULFING rather a HARAMI.
  • #606,240
  • Jul 1, 2021 4:53am Jul 1, 2021 4:53am
Quoting elbert3
Tl attraction taking place 3760 area is the lower tl any break should see onwards 3600 , but play your own trade and simple trade wg=hat you see
Same here with H4 S&R level need to be tested.

Price may pull back to retest the BO zone earlier. (20-30 pips)

BTW, you should take responsibility for creating covid 19.
See the graphic below.

Thanks

PAT

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I come from the future.
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