Cable Update (GBPUSD)

this is UCAD xD hahaha

early scalping short @asia session done, will add more giant lot sell when near LO, i believe near 1.38000 will bouncing once again the price to test the sky before real dump, price doesnt doing breakage with that volume, should need more powerfull pull and then strike

Thank you mister cad

My plan, today

beautifull mot - Blue Screen xD hahah

now ..what..

Now i'm trying using your 50 ema and 200 ema, add 20 for clearly confirmation, to few pairs.
Now, IMHO, goldy build to down. By the way thanks for sharing new knowledge for me

Why gold is down?

Chart of Piccaso

aurora

Closed my sell orders. Now opened buy. Stop 3821

i just try out about what moty said to me yesterday, and i add 20 ema for confirmation. It's not a signal, just opinion for what i see on my chart.
#justmaybe

AU delicately poised, Daily, each orange tl is a H&S neckline the 2 upper ones have played out nicely, the present one in play now, pounding the neckline for last 20 days, the target for this H&S is ................................. 70cent :-) pa now 74 60

1.38500 area maybe ill sell , depend on react of PA when near LO

leave all behind and watch d1 and 1h for now
daily, 1766 to 1809 a confluence zone/ neckline after the double bottom at 1680 area.

now PA is above it, so drill down to 1h, watch how price action is so clearly, sum up of this week: price is inside the confluence zone on daily, bears attack with big bearish 1h and bulls answer right after with engulfing bullish hour, same scenario two times this week.

now pa is above the confluence Zone, all trends are up (daily is in bearish cycle since the amazing day of the announcement of the Pfizer’s vaccine)

I cant say it will not fall, but how many pips you need to sacrifice?

stay safe and buy dips with h1 above the confluence zone (not falling knives)

Its mesmerising... can i have that indi?

Break down
1 hour for important data
There is pre employees data in the usa today and mr powell

FOMO disease.

Perhaps the toughest thing for me to get over.
I still suffer from it occasionally.
Not even sure there's a cure but least experience is a good treatment.

Currently, the moment GU price hit the congestion area, retail buyer already in position going long afraid of missing out the next bull run.
The analogy I have is jumping onto a fast moving train, along with many others.
We're too scared that we will miss the train.

See chart below.
We assume price will bounce upward tonight/tomorrow IF this level HOLD. .... Repeat.. If the level hold !

It need to be tested. If it doesn't hold, it will go down to fill up the gap (liquidity gap) below.
I am a confirmation trader, not a touch trader, so I would need to see certain elements before entering a trade.

The annoying thing mostly is our analysis was kind of right. But our entrance was WAAAAY off!
Sound familiar ?. "
That's the problem, you cant wait and we have FOMO.

Stay and wait for complete set up before committing to a trade.
We need to stick to the rules of not entering a trade if we can't get ideal price and to not force an entry because of FOMO (fear of missing out).

Lesson of the day and something we need to force ourselves to remember.
After all, FOREX, is the game of selling lies....


Here's GU Chart, completed trade taken earlier & waiting this level to be tested.