Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#614,721
Aug 5, 2021 12:29pm Aug 5, 2021 12:29pm

elbert3
Joined Dec 2013 | Status: Trader | 19,815 Posts

Quoting Ihlas

Disliked

{quote} I see you want to go on vacation NorthSouth You make the decision

Ignored

same way as a lift goes

#614,722
Aug 5, 2021 12:34pm Aug 5, 2021 12:34pm

digger1
Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,055 Posts

Quoting elbert3

Disliked

{quote} same way as a lift goes

Ignored

Lol,, pays the same going down or up bud

,,all in where and when you get on and off at ,,,, no matter which way it is "going" lol,, enjoy the dinner

#614,723
Aug 5, 2021 12:36pm Aug 5, 2021 12:36pm

Houtbay
Joined Nov 2020 | Status: Trader | 4,573 Posts

Gbpusd resistance 1.39700

#614,724
Aug 5, 2021 12:43pm Aug 5, 2021 12:43pm

BeeTogether
Joined Oct 2020 | Status: Trader | 14,017 Posts

Quoting Houtbay

Disliked

Gbpusd resistance 1.39700

Ignored

Seems like it.. a nice attack to the those highs should enable us to see if it’s 140/41 or a drop to 138 which is still
pending

Insane in the Brain..

#614,725
Aug 5, 2021 12:44pm Aug 5, 2021 12:44pm

Jolita
Joined Jan 2012 | Status: Always Decisive | 4,425 Posts

Quoting Ihlas

Disliked

{quote} I see you want to go on vacation NorthSouth You make the decision EntryTP SL

Ignored

Not too bad going, I constantly miss to take offs by 1-3

and keep circle around

#614,726
Aug 5, 2021 12:45pm Aug 5, 2021 12:45pm

coyoteuglyxxx
Joined Apr 2007 | Status: Trader | 507 Posts

Nearly a week in a tight 90 pip range, still no sign of any willingness to go to 1.40. I’ll try the old fashioned way with the channel. Is she getting ready to dive in deep? Short at 1.3930 SL 1.3970. NFP might kill it with a spike tomorrow, but I’ll risk it.

Attached Image (click to enlarge)

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Name: GU downtrend channel.jpg
Size: 109 KB

Did you place your stop loss order? Why not?!? Story of my life...

#614,727
Aug 5, 2021 1:11pm Aug 5, 2021 1:11pm

Jolita
Joined Jan 2012 | Status: Always Decisive | 4,425 Posts

Quoting Houtbay

Disliked

Do you guys only trade one cross Gbpusd?

Ignored

What do you trade?

No for me. I trade various pairs - use to love trading JPY pairs, EU, Crypto, Gold. Last night purchased Oil, in depends, if I see profit opportunity I will trade.
ATM, mainly cable, for me it works well if I contsantly watch monitor one currency, then I have better feel/sence what is hapenning.

Guess I am here for a while.

#614,728
Aug 5, 2021 1:15pm Aug 5, 2021 1:15pm

gabolan3
| Commercial User | Joined Nov 2017 | 193 Posts

Hello friends, what a trading day as cable buyers could not break break the bullish bias @ 1.3947 posted earlier today although everything tells that price has been so strong to push forward but again every markets has regulators working to fit out things as it should be.

For tomorrow we have sellers waiting @ 1.3839 anticipating price falls there in the bearish European session sentiment set for tomorrow ,although we have a strong bullish sentiment set up for the North america session tomorrow but if price closes below 1.3931 tomorrow's support level for buyers ,price will just have to range between 1.3931-1.3839 tomorrow Friday, but if price closes above 1.3931 today @ 9:00pm GMT we should have a bullish market and closing for Friday. But can they close above 1.3931? really the economic calender is telling us price have to close below 1.3931 and there should be a selling in Europe session and the key event @ 11:15 GMT can also reverse the bullish u.s sentiment tomorrow although wall street traders @ 2:00pm GMT also have a trade to finally decide how they day would close for the week. happy trading

#614,729
Aug 5, 2021 1:21pm Aug 5, 2021 1:21pm

Jolita
Joined Jan 2012 | Status: Always Decisive | 4,425 Posts

Quoting coyoteuglyxxx

Disliked

Nearly a week in a tight 90 pip range, still no sign of any willingness to go to 1.40. I’ll try the old fashioned way with the channel. Is she getting ready to dive in deep? Short at 1.3930 SL 1.3970. NFP might kill it with a spike tomorrow, but I’ll risk it. {image}

Ignored

If you aim for 10-30 pips, go for it.

If you aim for more, and longer term and can allow larger SL than short after Asian session. Asia will deffinetly retest todays high.

#614,730
Aug 5, 2021 1:24pm Aug 5, 2021 1:24pm

MTF Test
Joined May 2008 | Status: I Loose, I Win, I Conquer | 1,834 Posts

Quoting coyoteuglyxxx

Disliked

Nearly a week in a tight 90 pip range, still no sign of any willingness to go to 1.40. I’ll try the old fashioned way with the channel. Is she getting ready to dive in deep? Short at 1.3930 SL 1.3970. NFP might kill it with a spike tomorrow, but I’ll risk it. {image}

Ignored

I think you got it. Beast is gonna bleed tomorrow with NFP. With the current fact and figures, there more chances the NFP being Green. I am in too even with EU. You could have been bit early. EU technical also suggest a meltdown. Waiting for a confirmation for both the pairs.

Thanks for the heads up.

That's a good one.

Cheers !

Fools Rushing

#614,731
Aug 5, 2021 1:32pm Aug 5, 2021 1:32pm

OnlineAddict
Joined May 2014 | Status: From1toMillion | 9,471 Posts

Quoting MTF Test

Disliked

{quote} I think you got it. Beast is gonna bleed tomorrow with NFP. With the current fact and figures, there more chances the NFP being Green. I am in too even with EU.

Ignored

I expect NFP to be deeply red...and EU spiking up high...GU will follow, but might not have as much power left...EU was taking a break all day, so bulls will be rested.

EG long is my best bet for tomorrow, though.

Everyone can see the chart, but only a few can actually read it.

#614,732
Aug 5, 2021 1:38pm Aug 5, 2021 1:38pm

MTF Test
Joined May 2008 | Status: I Loose, I Win, I Conquer | 1,834 Posts

My Expectation for GU

Attached Image (click to enlarge)

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Name: GBPUSD....H4.png
Size: 31 KB

Fools Rushing

#614,733
Aug 5, 2021 1:39pm Aug 5, 2021 1:39pm

Jolita
Joined Jan 2012 | Status: Always Decisive | 4,425 Posts

Quoting OnlineAddict

Disliked

{quote} I expect NFP to be deeply red...and EU spiking up high...GU will follow, but might not have as much power left...EU was taking a break all day, so bulls will be rested.

Ignored

Yes, same here. If NFP actual numbers by any chance are green, this means data beeing ridged for the same purpose - to save the dollar, hide the panic.
Before the event we will see some USDollar buying.

Trade safe, best to avoid, to risky to know.

#614,734
Aug 5, 2021 1:47pm Aug 5, 2021 1:47pm

MTF Test
Joined May 2008 | Status: I Loose, I Win, I Conquer | 1,834 Posts

Quoting OnlineAddict

Disliked

{quote} I expect NFP to be deeply red...and EU spiking up high...GU will follow, but might not have as much power left...EU was taking a break all day, so bulls will be rested. EG long is my best bet for tomorrow, though.

Ignored

Cheers bro ! Appreciate your thoughts.

I am giving it a shot by selling GU/EU , when the time right. I happen to see 1.18300-30 as the critical zone between buyers and sellers. and If GU hits above 1.39620, I will be neutral.

Fools Rushing

#614,735
Aug 5, 2021 1:56pm Aug 5, 2021 1:56pm

mysterio
Joined Sep 2009 | Status: Trader | 6,009 Posts

Quoting Wavegarrick

Disliked

{quote} Hi Mtf, Unfortunately, this is the poison we have to live with being in a public forum. FF does not make it known to us who it is when there is a dislike. Pat gives his all good and bad and I admire his honest approach, the reality of forex, but just too much for those who want to sell systems here. There used to be two dislikes and nowadays I see mostly one. I guess the other deranged stalker cut his pulses. R.I.P Cheers.

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