DislikedHi all.. hope you all are fine... took first trade of this month over all idea is bearish.. scalp long on the run.. 15 pip sl.. 40 pip tp.. {image}Ignored
2
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
DislikedHi all.. hope you all are fine... took first trade of this month over all idea is bearish.. scalp long on the run.. 15 pip sl.. 40 pip tp.. {image}Ignored
Disliked{quote} Thank you.. you have more experience than me... its good to know how different kind of analysis end up having same conclusion..Ignored
Disliked{quote} To me, first test is likely 3865. Below 3905 I see a small gap down in my chart, now the small gap is filled and bearish.Ignored
Disliked{quote} Looking at DXY helps a lot. I posted a chart couple of weeks ago that DXY reached a point where it might get reversal and to this day it held. After GU sweeped 1.367 it has been on bullish pullback while DXY been dropping. All the pairs have their own liquidity to follow but at the end you can't sell GU and buy EURUSD right (maybe on 5 min scalps you can)? Sterling has 11.9% weight with DXY, EUR has 57.6%. I've been keeping an eye on all 3. Hope it helps. PS! I'll add a picture just incase that I actually traded GU using that logic today...Ignored
DislikedThis is likely to play out today... Prices will be Trap in the Purple BOX... It will BUY up to take out weak holders in the market.... Although at first it seems like an institutional order flow had started but when I looked at it carefully; I discovered that it didn't take out many sellers in the market; So we don't have ENOUGH BUYERS TO SELL TO (BTST) {image}Ignored
Disliked{quote} Might see a bit of a deeper correction this week now the stops above 1.39 have been taken and orders are closed. I don't think the 1.3980 zone will give up easily as it is a very strong supply zone. Nothing is guaranteed. Every trade is dependent on price action so there's no limit orders from me at these levels. Might range a little first. Note the first up leg may only go to 1.3930ish to fill the gap/contact the flip zone. DXY we are reacting off of weekly supply so my dollar bias is bearish/GU bullish overall. But, we contacted a daily...Ignored
DislikedLondon open still 15 mins away. For me if stop in place at 1.39135/15 shorts are ok.Ignored