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Cable Update (GBPUSD)

  • #613,621
  • Aug 2, 2021 1:09am Aug 2, 2021 1:09am
hello
i think weekly level 1.3910 is key.
price is attacking it an dif it breaks it could be a bully bully week.
might take a few stabs though.

It could still fail in H1 Supply zone 3929-3950 so that would need to be taken out for full confirmation.


just my take could be wrong
in wondering about yourself, you forgot what you came here to be part of
  • #613,622
  • Aug 2, 2021 1:15am Aug 2, 2021 1:15am
Waiting in patience for 1.3915 and 1.3930 tol sell with tight stop
  • #613,623
  • Aug 2, 2021 1:21am Aug 2, 2021 1:21am
Quoting navk
{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.
i think they will go to 1.39256-1.39338 first
Attached Image (click to enlarge)
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yes yes yes
  • #613,624
  • Aug 2, 2021 1:32am Aug 2, 2021 1:32am
Quoting dempire1
{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...
Morning fellow traders

Everything is still in play as mentioned weeks and weeks ago. Minor pullbacks will occur but areas I'm watching for for more "decisional bias".

Losing couple of trades here and there is fine. Learn from mistakes and be patient. Give your best(at least try) to not repeat the same mistakes over and over.

Take care!
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How to succeed in zero sum game?
  • #613,625
  • Aug 2, 2021 1:37am Aug 2, 2021 1:37am
Quoting Moty
{quote} i think they will go to 1.39256-1.39338 first {image}
my short again 3907 stop 3913
Attached Image (click to enlarge)
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Intraday only.
  • #613,626
  • Aug 2, 2021 1:44am Aug 2, 2021 1:44am
Todays closing candle

Attached Image (click to enlarge)
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  • #613,627
  • Aug 2, 2021 1:46am Aug 2, 2021 1:46am
Quoting navk
{quote} my short again 3907 stop 3913 {image}
Closed all.

Better to wait for London open.
Intraday only.
  • #613,628
  • Aug 2, 2021 1:47am Aug 2, 2021 1:47am
Quoting BigNumbers
This 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}
Maybe Auction Market Theory worth your attention...
Air force
  • #613,629
  • Aug 2, 2021 1:50am Aug 2, 2021 1:50am
London open still 15 mins away.

For me if stop in place at 1.39135/15 shorts are ok.
Intraday only.
  • #613,630
  • Aug 2, 2021 1:58am Aug 2, 2021 1:58am
Quoting Tekin
Waiting in patience for 1.3915 and 1.3930 tol sell with tight stop
First sell activated

tp 1.38724
  • #613,631
  • Aug 2, 2021 2:07am Aug 2, 2021 2:07am
Quoting mysterio
{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...
Got the first long breakout as expected now watch 1.3930s and 1.3948-68 for short

The short could go down to 1.3820s ultimately
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  • #613,632
  • Aug 2, 2021 2:08am Aug 2, 2021 2:08am
Quoting navk
London open still 15 mins away. For me if stop in place at 1.39135/15 shorts are ok.

Hey Navk.

What happened to you man. I guess you're not thinking straight today. Did dopamine get to you?
Fools Rushing
  • #613,633
  • Aug 2, 2021 2:08am Aug 2, 2021 2:08am
Quoting Waveskierrob
Todays closing candle {image}
GU

Morning to all.

How about finding honey on the top of the branch ?.

Attached Image (click to enlarge)
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Just like Winnie does it.

Attached Image (click to enlarge)
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I come from the future.
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  • #613,634
  • Aug 2, 2021 2:10am Aug 2, 2021 2:10am
Quoting Waveskierrob
Todays closing candle {image}

Wow,

Even you put a bear pictures, you still have one thumb down.....

Somebody must be laughing at you for that... Ha ha.....

Attached Image
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #613,635
  • Aug 2, 2021 2:11am Aug 2, 2021 2:11am
Quoting Pat Chiko
{quote} GU Morning to all. How about finding honey on the top of the branch ?. {image} Just like Winnie does it. {image}
i dont see honey , i see horney below XD
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #613,636
  • Aug 2, 2021 2:12am Aug 2, 2021 2:12am
Morning all! On the 4H I’m seeing a potential move up towards 141
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Insane in the Brain..
  • #613,637
  • Aug 2, 2021 2:15am Aug 2, 2021 2:15am
Hello friends ,its a new week (cable passes through 1.3866-1.3987 today Monday).
Buyers haven dominated the previous week ended it in favor of the sellers on Friday to find support to the next leg up this week in a bid we have seen a massive weekly support @ 1.3539 for buyers defending above sellers @ 1.3187 to give price a push towards 1.4016 and above (week's target) but on the contrary sellers waits @ 1.3704 as they hope for a reversal during the week.

Today Monday we have seen sellers @ 1.3866 below price losing control to buyers who are @ 1.3887 just around te previous Thursday and Friday highs where buyers were denied. Today's European trading session has bullish sentiment as we expect price to hold above 1.3949 but the North america session coming bearish and price is expected to close below 1.3875 if price is unable to make a high of 1.3984 minimum before the key event release at 2;00 pm GMT. Happy trading.
  • #613,638
  • Aug 2, 2021 2:15am Aug 2, 2021 2:15am
Quoting mysterio
{quote} Got the first long breakout as expected now watch 1.3930s and 1.3948-68 for short The short could go down to 1.3820s ultimately {image} {image}
Great post Bro.

You have a great Quality of profitable price patterns/setups and devise entry/exit rules to exploit them

That's the most difficult part for me to be as selective as is necessary.


Keep up with the good charting Bro.

Always enjoying your post.

PAT
I come from the future.
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  • #613,639
  • Aug 2, 2021 2:16am Aug 2, 2021 2:16am
Quoting kris89
{quote} i dont see honey , i see horney below XD

Sorry, must be typo.

Do you want me to fix it ?

Ha ha
I come from the future.
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  • #613,640
  • Aug 2, 2021 2:19am Aug 2, 2021 2:19am
Quoting Pat Chiko
{quote} Great post Bro. You have a great Quality of profitable price patterns/setups and devise entry/exit rules to exploit them That's the most difficult part for me to be as selective as is necessary. Keep up with the good charting Bro. Always enjoying your post. PAT
Thanks man, I learn a lot from your postings please keep up the good work

Yes- being patient and selective is the real key.. I can find a good trade no problems it's just being selective to take only the strongest ones that is an ongoing issue for me, but it is getting better. I find stepping away from the screen helps, giving yourself distractions/hobbies to work on whilst you keep an eye on your target areas on the phone or whatever. Maybe trying only to do 1/2 deals a day helps too
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