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Cable Update (GBPUSD)

  • #615,701
  • Aug 11, 2021 7:59am Aug 11, 2021 7:59am
Quoting M.Fadly
tonight will see 1.37600
1.38900 at least
daily candle had become engulfing bullish
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yes yes yes
  • #615,702
  • Aug 11, 2021 8:00am Aug 11, 2021 8:00am
Quoting mysterio
{quote} I'm expecting bulls rest of the week but should get a tradeable retrace yes
Cheers bro. BTW, Nice execution after all !!!
Fools Rushing
  • #615,703
  • Aug 11, 2021 8:01am Aug 11, 2021 8:01am
Quoting M.Fadly
tonight will see 1.37600
yar bhai mujy koi idea dy sakty ho k main close kar do trade ya sell par ayegi wapis.
  • #615,704
  • Aug 11, 2021 8:02am Aug 11, 2021 8:02am
GBPUSD SELL 1.38604
SL 1.39004
TP 1.37704
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Like me, cuts losses quickly. But has more patience and lets his winn
  • #615,705
  • Aug 11, 2021 8:04am Aug 11, 2021 8:04am
Quoting MTF Test
{quote} Cheers bro. BTW, Nice execution after all !!!
Should say my reason for bull now is that DXY at the top of the range and back in supply, the banks are interested in selling this area because of the strong weekly move, I can be wrong

With that said i'm all out as i'm a scalper and dont get into these longer range predictions, just for my own interest
Attached Image
  • #615,706
  • Edited 8:19am Aug 11, 2021 8:04am | Edited 8:19am
Quoting Moty
{quote} 1.38900 at least daily candle had become engulfing bullish {image}
Bro!,, Candle hasn't closed as yet. Current condition of the candle does not determine the behavior of the formation. Just a thought. .

Good to see you on back on track. SL SL SL SL
Fools Rushing
  • #615,707
  • Aug 11, 2021 8:05am Aug 11, 2021 8:05am
good night all...
my trade just set and forget
win or loss i still happy
Like me, cuts losses quickly. But has more patience and lets his winn
  • #615,708
  • Aug 11, 2021 8:06am Aug 11, 2021 8:06am
I tell you strange thing.H4 down trend is not over.red trend H4 holds.1.37700 should be.
  • #615,709
  • Aug 11, 2021 8:06am Aug 11, 2021 8:06am
Two of my sell positions opened at 1.38225 were shaken-off but that does not change the direction of the trend..
My telegram: https://t.me/avidforex
  • #615,710
  • Aug 11, 2021 8:09am Aug 11, 2021 8:09am
Quoting BigNumbers
Two of my sell positions opened at 1.38225 were shaken-off but that does not change the direction of the trend..
my sell position 1.38299 still open,,thanks god i not close it in loss.
  • #615,711
  • Aug 11, 2021 8:10am Aug 11, 2021 8:10am
Quoting mysterio
{quote} Should say my reason for bull now is that DXY at the top of the range and back in supply, the banks are interested in selling this area because of the strong weekly move, I can be wrong With that said i'm all out as i'm a scalper and dont get into these longer range predictions, just for my own interest {image}

That's just nice mysterio. Last week candle behavior suggest me more bullish BIAS. Previous to last week was a heavy sell off and last week been bull looking at the resistance 93.437.
I can be wrong too coz, my base is being purely the price behavior. not technical or fundamental.
Fools Rushing
  • #615,712
  • Aug 11, 2021 8:10am Aug 11, 2021 8:10am
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yes yes yes
  • #615,713
  • Aug 11, 2021 8:12am Aug 11, 2021 8:12am
The sellers has been over run by buyers on the short charts killing my small short position which have been covered.
Strong move like this don't just end mostly when we know the reason.
Repositioning to attack bull side.
Happy trading........
  • #615,714
  • Aug 11, 2021 8:13am Aug 11, 2021 8:13am
... potential for bullish hidden div above 3828 on 3 and 5min, 3min formed not 5min yet though, would be an entry (after a pullback) though to a next higher t/f (+) move not an uptrend
Trader with an Edge.
  • #615,715
  • Aug 11, 2021 8:16am Aug 11, 2021 8:16am
I sneaked 175 pip from a bull trend.
Attached Image (click to enlarge)
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Fools Rushing
  • #615,716
  • Aug 11, 2021 8:23am Aug 11, 2021 8:23am
fun fact
i bought gbp/usd at 1.3811
and closed positions at 1.3808
3 pips loss
  • #615,717
  • Aug 11, 2021 8:31am Aug 11, 2021 8:31am
Quoting Tekin
{quote} first profit taken at first resistance
boom and boom
  • #615,718
  • Aug 11, 2021 8:31am Aug 11, 2021 8:31am
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yes yes yes
  • #615,719
  • Aug 11, 2021 8:32am Aug 11, 2021 8:32am
Quoting MTF Test
I sneaked 175 pip from a bull trend. {image}
ask kiwi to buy you gold medal.
  • #615,720
  • Aug 11, 2021 8:33am Aug 11, 2021 8:33am
Quoting genadi
fun fact i bought gbp/usd at 1.3811 and closed positions at 1.3808 3 pips loss
Why sir ?

The key was this choppy section of price action in the grey box, once you see this you know orders are being accumulated for a big move

The bullish zone between 1.3808-16 was created on the 27th June with a strong bull move so we knew the spike down was a fake out
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