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Cable Update (GBPUSD)

  • #611,501
  • Jul 22, 2021 7:44am Jul 22, 2021 7:44am
Regarding the trading idea I shared, I decided not to wait for my limit orders to get filled, as it became clear to me the pullback wasn't going to be that deep. So I got in with a market order at 37282 last night, and closed the trade at 37732 this morning.
Learn from your mistakes and march on.
  • #611,502
  • Jul 22, 2021 7:48am Jul 22, 2021 7:48am
you shell not pass 1.37732 mf
Attached Image(s) (click to enlarge)
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yes yes yes
  • #611,503
  • Jul 22, 2021 7:50am Jul 22, 2021 7:50am
Potentially, ADR today is 3794
Intraday only.
  • #611,504
  • Jul 22, 2021 7:53am Jul 22, 2021 7:53am
Quoting navk
Potentially, ADR today is 3794
i have 40 day adr 83 pips
Attached Image (click to enlarge)
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yes yes yes
  • #611,505
  • Jul 22, 2021 7:54am Jul 22, 2021 7:54am
Watch 1 hour candle close
  • #611,506
  • Jul 22, 2021 7:59am Jul 22, 2021 7:59am
Sell GJ
not euphoria follower
  • #611,507
  • Jul 22, 2021 8:01am Jul 22, 2021 8:01am
Attached Image (click to enlarge)
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close up
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yes yes yes
  • #611,508
  • Jul 22, 2021 8:06am Jul 22, 2021 8:06am
Quoting Moty
{quote} https://www.mql5.com/en/market/produ...ge+Daily+Range
Thank you so much sir
  • #611,509
  • Jul 22, 2021 8:09am Jul 22, 2021 8:09am
Looks like 3760 could be long over that at this time but its slow going now 3781 IS ON 61.8% fib again careful here
  • #611,510
  • Jul 22, 2021 8:11am Jul 22, 2021 8:11am
Quoting Georginson
Hello bears... I just discovered that the weekly opened at 1.3771 and price hasn't gone above that open, 90% of times this happens, price eventually retest the open and break it pass by 5 - 35 pips. In summary im trying to prepare bears for a possible test of 1.3791/1.3800 area before uninterrupted fall back to 1.35 in few days time... Be prepared and don't get too exposed.
As expected price has broken weekly open of 1.3771 now this will become a classic BULL TRAP as price will crash back to 1.35 and below in few days time... this Bullish move is expected to terminate at 1.3790/1.3800 area.
Data + Stat + Risk/Emotions Management
  • #611,511
  • Jul 22, 2021 8:14am Jul 22, 2021 8:14am
Quoting Moty
you shell not pass 1.37732 mf {image} {image}
keep trying you piece of sh*t
Attached Image (click to enlarge)
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yes yes yes
  • #611,512
  • Jul 22, 2021 8:15am Jul 22, 2021 8:15am
1.3784 is Demark's R1 ( daily )
if she manages to go through

dolce vita
  • #611,513
  • Jul 22, 2021 8:16am Jul 22, 2021 8:16am
why to try to pick the top?

no sign of bears right now.
wait for some confirmation, 15m engulf at least to feel the momentum..
  • #611,514
  • Jul 22, 2021 8:16am Jul 22, 2021 8:16am
Price has reached a high volume area. Buyers should take caution at this price.

Attached Image (click to enlarge)
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Learn from your mistakes and march on.
  • #611,515
  • Jul 22, 2021 8:17am Jul 22, 2021 8:17am
also I 've got two lines here
Attached Image (click to enlarge)
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dolce vita
  • #611,516
  • Jul 22, 2021 8:24am Jul 22, 2021 8:24am
Am I the only one who think price would go all the way to 3820 (and slightly above)?
Suck harder, baby...
  • #611,517
  • Jul 22, 2021 8:26am Jul 22, 2021 8:26am
I will start placing sell limit orders. The first will be placed at 37926, the next will be at 38210. I may add more. It depends on the situation.
Learn from your mistakes and march on.
  • #611,518
  • Jul 22, 2021 8:26am Jul 22, 2021 8:26am
Quoting MoneySucker
Am I the only one who think price would go all the way to 3820 (and slightly above)?
Yea this is where I'm looking for next, no reasons to sell here yet
  • #611,519
  • Jul 22, 2021 8:29am Jul 22, 2021 8:29am
Quoting MoneySucker
Am I the only one who think price would go all the way to 3820 (and slightly above)?
That could happen. But I will be selling before then.
Learn from your mistakes and march on.
  • #611,520
  • Jul 22, 2021 8:35am Jul 22, 2021 8:35am
I just placed a sell market order at 37744. My sell limit orders are still intact, waiting to be filled.

To those who might want to know why I am selling, see this post.
Learn from your mistakes and march on.
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