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Cable Update (GBPUSD)

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  • Post #609,901
  • Quote
  • Jul 16, 2021 2:32am Jul 16, 2021 2:32am
  •  Moty
  • Joined Dec 2017 | Status: Member | 19,258 Posts
strong pullback but only to the 50% retracement of last move
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  • Post #609,902
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  • Jul 16, 2021 2:36am Jul 16, 2021 2:36am
  •  M.Fadly
  • Joined Dec 2019 | Status: Member | 725 Posts
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Like me, cuts losses quickly. But has more patience and lets his winn
 
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  • Post #609,903
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  • Jul 16, 2021 2:40am Jul 16, 2021 2:40am
  •  SCopier
  • Joined Sep 2012 | Status: Member | 907 Posts
Opened long here, but still not sure
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  • Post #609,904
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  • Jul 16, 2021 2:42am Jul 16, 2021 2:42am
  •  Headland
  • Joined Apr 2020 | Status: trading | 4,070 Posts
... things can change so quickly in a range and seemingly randomly. Right now just based on price's proximity to the hi and lo of the current immediate 3910-3800 1hr/4hr range you would say a downside break is more probable, but who knows?
Intraday (mainly) swing scalper via a Supp/Res & Pa based edge
 
1
  • Post #609,905
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  • Jul 16, 2021 2:45am Jul 16, 2021 2:45am
  •  kris89
  • Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts
Quoting kris89
Disliked
entered short at last @1.38365 again >.<
Ignored
SL to BEP , a giant lot awaiting to dive . if possible tonight we can see 1.37150
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
 
1
  • Post #609,906
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  • Jul 16, 2021 2:51am Jul 16, 2021 2:51am
  •  Headland
  • Joined Apr 2020 | Status: trading | 4,070 Posts
...the big unknown - how much demand left in that prev 1hr/4hr x 3/minor dly sw lo zone extending down to 3800/3799, if tested?

EDIT: 1hr chart added below...being tested now.
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Intraday (mainly) swing scalper via a Supp/Res & Pa based edge
 
1
  • Post #609,907
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  • Jul 16, 2021 2:54am Jul 16, 2021 2:54am
  •  Moty
  • Joined Dec 2017 | Status: Member | 19,258 Posts
Y's low is broken!!!!!
Yea yes yes
1.38050
35 pips to tp
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  • Post #609,908
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  • Jul 16, 2021 2:55am Jul 16, 2021 2:55am
  •  coyoteuglyxxx
  • Joined Apr 2007 | Status: Member | 507 Posts
That support at 1.3838 turned resistance from yesterday’s London session is holding nicely so far. I do not expect the price to go above it today. LO will give us an idea of what is going on in 7 minutes
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Did you place your stop loss order? Why not?!? Story of my life...
 
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  • Post #609,909
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  • Jul 16, 2021 2:58am Jul 16, 2021 2:58am
  •  M.Fadly
  • Joined Dec 2019 | Status: Member | 725 Posts
1.37350 target
Like me, cuts losses quickly. But has more patience and lets his winn
 
2
  • Post #609,910
  • Quote
  • Jul 16, 2021 3:03am Jul 16, 2021 3:03am
  •  Headland
  • Joined Apr 2020 | Status: trading | 4,070 Posts
... plenty of near-term potential supp/rbs zones on 1hr + below current price should they be tested on any downside break of this immediate 3910-3800 1hr/4hr range. Not shown on pic below a dly asc t/line joining 1410 with 3741 which on today's daily candle comes thru circa 3780-90. 1hr below.
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Intraday (mainly) swing scalper via a Supp/Res & Pa based edge
 
 
  • Post #609,911
  • Quote
  • Jul 16, 2021 3:03am Jul 16, 2021 3:03am
  •  Madanmohanca
  • Joined Jun 2021 | Status: Member | 138 Posts
if it breaks zone 1.38049 to 1.37893 we can see more down to

1.37519
 
1
  • Post #609,912
  • Quote
  • Jul 16, 2021 3:14am Jul 16, 2021 3:14am
  •  Moty
  • Joined Dec 2017 | Status: Member | 19,258 Posts
Every time this mf try to go up
It will be hammered down
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  • Post #609,913
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  • Jul 16, 2021 3:15am Jul 16, 2021 3:15am
  •  beonguyen89
  • | Joined Feb 2021 | Status: Member | 17 Posts
It did not break Support zone 1.8050
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  • Post #609,914
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  • Jul 16, 2021 3:17am Jul 16, 2021 3:17am
  •  IBabyTrader
  • | Joined Apr 2021 | Status: Member | 534 Posts
if it retests it one more time and fails, I am going long.
 
 
  • Post #609,915
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  • Jul 16, 2021 3:19am Jul 16, 2021 3:19am
  •  coyoteuglyxxx
  • Joined Apr 2007 | Status: Member | 507 Posts
Quoting IBabyTrader
Disliked
if it retests it one more time and fails, I am going long.
Ignored
I wouldn't.Not today IMO
Did you place your stop loss order? Why not?!? Story of my life...
 
 
  • Post #609,916
  • Quote
  • Jul 16, 2021 3:21am Jul 16, 2021 3:21am
  •  ricmaj
  • | Joined Jun 2011 | Status: Member | 1,272 Posts
Quoting beonguyen89
Disliked
It did not break Support zone 1.8050 {image}
Ignored

Where did u get 1.8050 from, ur broker seem different
Keep the Lights on then you can catch the rise from the dark.
 
1
  • Post #609,917
  • Quote
  • Jul 16, 2021 3:21am Jul 16, 2021 3:21am
  •  Moty
  • Joined Dec 2017 | Status: Member | 19,258 Posts
It did
The crooks trying to trap
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  • Post #609,918
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  • Jul 16, 2021 3:22am Jul 16, 2021 3:22am
  •  kris89
  • Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts
Quoting coyoteuglyxxx
Disliked
{quote} I wouldn't.Not today IMO
Ignored
biggest TF all way down / with volume confirmation , i wouldnt fight that wave, ill ride it to next nearby 1.37150 , its friday anyway XD
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
 
1
  • Post #609,919
  • Quote
  • Jul 16, 2021 3:22am Jul 16, 2021 3:22am
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 4,186 Posts
Potentially 13780 area today the drops are fast. However it go north too quite easily being a Friday. Couple of support levels to crack first. I’m still long but will take hit if we see 13840-50 once again
 
 
  • Post #609,920
  • Quote
  • Jul 16, 2021 3:23am Jul 16, 2021 3:23am
  •  beonguyen89
  • | Joined Feb 2021 | Status: Member | 17 Posts
Quoting ricmaj
Disliked
{quote} Where did u get 1.8050 from, ur broker seem different
Ignored
Sorry, 1.38050
 
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