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Cable Update (GBPUSD)

  • #616,001
  • Aug 12, 2021 5:28am Aug 12, 2021 5:28am
Hi Guys,
Bought at my daily pivot at 1.38520. S/loss 25 pips. My 50% fib retrace at 1.38450 could look to add more.
Have a great day
Cheers.
Trade to trade another day
  • #616,002
  • Aug 12, 2021 5:28am Aug 12, 2021 5:28am
hi
confusing direction is due to H4 and M30 not being in agreement.
But once price closes below 3852 the confluence will be intact.
H4 pressure is still downward.
in wondering about yourself, you forgot what you came here to be part of
  • #616,003
  • Aug 12, 2021 5:28am Aug 12, 2021 5:28am
Quoting mysterio
I believe they can just be tempting in early buyers I now write down my plan for the day and stick to it no matter what, if it doesn't hit then no problem we had a good week already-- the plan is buying lower down if PA confirms at 1.3830s-- just one trade. Maybe it's a run above the last high at 1.3888 then drop. We just pierced the top of the asia range which is a SL hunt area too. If it just rallies here then I can't get in at a good discount {image}
Ended up taking a half size short from this level (on journal) which now TPd on

watching PA carefully here for long
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  • #616,004
  • Aug 12, 2021 5:28am Aug 12, 2021 5:28am
Quoting Luke97
GJ SELL
yes yes yes, i still hold sell
  • #616,005
  • Aug 12, 2021 5:29am Aug 12, 2021 5:29am
Quoting mysterio
{quote} Ended up taking a half size short from this level (on journal) which now TPd on watching PA carefully here for long {image}
do you look for PA before price reaches FVG or when price reaches FVG? or it does not matter?
  • #616,006
  • Aug 12, 2021 5:34am Aug 12, 2021 5:34am
Quoting genadi
{quote} do you look for PA before price reaches FVG or when price reaches FVG? or it does not matter?
When it reaches

So it might be a sharp pull away and retrace (double bottom/W), break of a TL, accumulation pattern, or something like that

So yesterday for the long was a choppy accumulation pattern--probably not an actual term but I know it when I see it. Of course it's not guaranteed to either hit it or indeed reverse there just for me to watch

Also it can go back down to the H1 demand/DBR zone, I believe we're seeing a large accumulation range currently
  • #616,007
  • Aug 12, 2021 5:37am Aug 12, 2021 5:37am
Well, Price will range in this level in order to make its decisions..
The SBR is no longer Fresh but the RBS is fresh so I see price respecting the new RBS..
Attached Image (click to enlarge)
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  • #616,008
  • Aug 12, 2021 5:38am Aug 12, 2021 5:38am
...touched top of that prev 1hr sw lo zone = prev supp = pot supp @ the DP and some demand kicked in...Scalpy day so far.

1hr below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #616,009
  • Aug 12, 2021 5:39am Aug 12, 2021 5:39am
Quoting genadi
{quote} yes yes yes, i still hold sell
What's your target? I'm looking at 152.100
  • #616,010
  • Aug 12, 2021 5:46am Aug 12, 2021 5:46am
Good buy entry if price goes to around 1.3830 before PPI.
Might be good for later too but would be gambling on news..
Up targets still 1.3885-90 bulls should base price above 1.3890..bears below 1.3830 again..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #616,011
  • Aug 12, 2021 5:49am Aug 12, 2021 5:49am
Quoting Luke97
{quote} What's your target? I'm looking at 152.100
152.660-600 would be an ideal target. if it breaks looks further down. which I am doing now.

Cheers !
Fools Rushing
  • #616,012
  • Aug 12, 2021 5:50am Aug 12, 2021 5:50am
Quoting Moty
{quote} When i am waiting for the pivot to be touched , price is taking off early But when i am getting in early , the price breakouts and then retrace to the pivot line This is mf crooks manipulation the only way is up {image}
That's why I break up my entries so that after my first entry and price keep going my way I keep adding and when it retrace I also keep adding keeping in mind my limit and levels at which I'm prove right or wrong. It's just a process.

Manipulation or not, soon guns will be popping.
Up we go........
Happy trading.......
  • #616,013
  • Aug 12, 2021 5:51am Aug 12, 2021 5:51am
Attached Image (click to enlarge)
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yes yes yes
  • #616,014
  • Aug 12, 2021 5:58am Aug 12, 2021 5:58am
Quoting MTF Test
{quote} 152.660-600 would be an ideal target. if it breaks looks further down. which I am doing now. Cheers !
To green pips!
  • #616,015
  • Aug 12, 2021 6:02am Aug 12, 2021 6:02am
Quoting Luke97
{quote} What's your target? I'm looking at 152.100
oh man, i dont know
  • #616,016
  • Aug 12, 2021 6:06am Aug 12, 2021 6:06am
Attached Image (click to enlarge)
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yes yes yes
  • #616,017
  • Aug 12, 2021 6:07am Aug 12, 2021 6:07am
Quoting Pat Chiko
{quote} GU Holding the short position as price is testing previous structure. {image}
GU

Closed all scalping position.

red News in hour and half.

Take tiny profit & Break time.

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I come from the future.
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  • #616,018
  • Aug 12, 2021 6:10am Aug 12, 2021 6:10am
Quoting Pat Chiko
{quote} GU Closed all scalping position. red News in hour and half. Take tiny profit & Break time. {image}
Hahaha scaredy pants
  • #616,019
  • Aug 12, 2021 6:17am Aug 12, 2021 6:17am
... small bounce (so far?) off the aforementioned 50% y/day's lo-hi. This after a solid 1hr bearish close a few mins earlier. Bears in control so far this London session. 1hr below.
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Trader with an Edge.
  • #616,020
  • Aug 12, 2021 6:18am Aug 12, 2021 6:18am
All the dollar pairs are either running to catch RBS or SBR... In a direction indicating that dollar will be weak soon
Until the dollar index gets to the SBR; Dollar pair will have to wait....
Attached Image (click to enlarge)
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