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Cable Update (GBPUSD)

  • #608,741
  • Jul 12, 2021 6:53am Jul 12, 2021 6:53am
Quoting losja
{quote} You didn't know what is the ball against Spain... You just knew (and we) who is Chiesa! Don't make those type of 99% conclusions in trading. haha Congratulations!
:-)
If I had these certainties in trading today I would be richer than Bezos
  • #608,742
  • Jul 12, 2021 6:59am Jul 12, 2021 6:59am
Quoting PASupreme
Considering going bearish only after 1.3755 is broken. Close below this price level will make way for 1.3565 as the next target. Further breach, then we headed for 1.3450 Fingers crossed for this one. Happy Trading!
In the meantime, I'm looking at buy opportunities around 1.3830 price level
  • #608,743
  • Jul 12, 2021 7:00am Jul 12, 2021 7:00am
Buy limit 1.83000
Target just for 150 pips

Have a great week
  • #608,744
  • Jul 12, 2021 7:04am Jul 12, 2021 7:04am
We nudged below the previous m5 lows but no issue yet, pretty common to take out the scalp buyers BE stops (I think, happens a lot you'll get a jolt up then a spike below the low before the real move). The divergence tells me this was a 'fake' spike down for this purpose

I FOMO'd a bit, waiting for this to play out on the dxy

If it doesn't then I take the hit
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  • #608,745
  • Jul 12, 2021 7:10am Jul 12, 2021 7:10am
There is a repeating pattern of 1hr bullish hidden div @ the top of this prev 4hr sw hi zone = prev res = pot rbs...this may still be valid on any deeper move down/pullback so long as price stays some way above 3754. 4hr is though currently ranging with a bullish tone not trending up so no real 'next higher t/f' uptrend to enter after a pullback.

1hr below.
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Trader with an Edge.
  • #608,746
  • Jul 12, 2021 7:26am Jul 12, 2021 7:26am
Quoting gespiri
My take.....may re-test 1.3830 for me. Wait and see as usual. {image}
The way it compressed here, it MIGHT go lower to 1.3815 - 1.380
Practice good MM and SL.
Lost....
  • #608,747
  • Jul 12, 2021 7:36am Jul 12, 2021 7:36am
Quoting mrluckystar
A bit more to my 2nd TP.. this trade taken due to 2 strong rejection on H1 during asia session.. {image}
closed 2nd position 6pip above my 2nd TP..

Now sideline warching PA..
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Peace Yo!
  • #608,748
  • Jul 12, 2021 7:36am Jul 12, 2021 7:36am
Quoting gespiri
{quote} The way it compressed here, it MIGHT go lower to 1.3815 - 1.380 Practice good MM and SL.
I'm not too bothered yet, still think preparing for launch but I did question myself if it had a lower target in mind first
  • #608,749
  • Jul 12, 2021 7:41am Jul 12, 2021 7:41am
Will enter market if it break upper TL
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Peace Yo!
  • #608,750
  • Jul 12, 2021 7:53am Jul 12, 2021 7:53am
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yes yes yes
  • #608,751
  • Jul 12, 2021 8:00am Jul 12, 2021 8:00am
Hi All,
Good Evening !

Resistance Zone 1.38762 + 50 points

Support Zone 1.38333 to 1.38294

if it breaks support zone we could see 1.37948 ---->1.37552 ------>1.36869
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  • #608,752
  • Jul 12, 2021 8:06am Jul 12, 2021 8:06am
Quoting mysterio
{quote} I'm not too bothered yet, still think preparing for launch but I did question myself if it had a lower target in mind first
I always try to picture how the 4hr, daily, and weekly candle will look like based on PA and trend.
We just gotta let the daily and 4hr PA tell us where this will go.
Considering this is a Monday, it can just range here until it is ready to break in either direction (my bias is still up but SL are in place).
Lost....
  • #608,753
  • Jul 12, 2021 8:07am Jul 12, 2021 8:07am
Quoting Mr.Burger
{quote} shakmoney, here's my trading plan for monday+ {image}
my view it's look like the same pattern
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Daddy, Brother, Lover, Little Boy
  • #608,754
  • Jul 12, 2021 8:14am Jul 12, 2021 8:14am
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yes yes yes
  • #608,755
  • Jul 12, 2021 8:17am Jul 12, 2021 8:17am
Quoting navk
my buy target 3945. stop 3842
for some time, for 4hr candle to open... i set the stop to 3839.

Now again set stop 3842.
Intraday only.
  • #608,756
  • Jul 12, 2021 8:19am Jul 12, 2021 8:19am
...keeps snipping away @ demand @/near the top of this prev 4hr swing hi zone = prev res = potential rbs. 5 attempts to move lower visible on 5min and below now - met with demand but price is struggling to make any significant upside progress atm.

4hr below.
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Trader with an Edge.
  • #608,757
  • Jul 12, 2021 8:25am Jul 12, 2021 8:25am
Quoting Moty
{image}
I think you've identified the range channel....
Lost....
  • #608,758
  • Jul 12, 2021 8:25am Jul 12, 2021 8:25am
Taking it's time pre NY

Have to pay attention to what's going on in m5 if you're scalping I think, my FOMO entry was exposed a bit but but this kind of price action setup is common

With a tight SL you need to learn not to freak out and just learn the dance like Pat Chiko said earlier
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  • #608,759
  • Jul 12, 2021 8:27am Jul 12, 2021 8:27am
Quoting mysterio
{quote} Yeah I've seen people use these MT4 indis, they look pretty good to me. I don't use MT4 but worth checking out. Like any method you gotta combine it with things (for me mainly price action and divergence, some fib), practice, use your own experience etc. There's no magic method.
yes, I am agree.., they works nicely..,
I tried it for a while and left it.., to say the true they bother me

...I like my trend lines

P.S. I think it's right to try different things.., that's best way to find what suits you
dolce vita
  • #608,760
  • Jul 12, 2021 8:28am Jul 12, 2021 8:28am
Quoting Headland
...keeps snipping away @ demand @/near the top of this prev 4hr swing hi zone = prev res = potential rbs. 5 attempts to move lower visible on 5min and below now - met with demand but price is struggling to make any significant upside progress atm. 4hr below. {image}
there it is... watch this 15min candle close... bullish start.
Intraday only.
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