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Cable Update (GBPUSD)

  • #616,321
  • Aug 13, 2021 2:35am Aug 13, 2021 2:35am
Quoting BeeTogether
Could wrong here but the downturn seems to have slowed down a fair bit. Which makes me think we could see a really slow climb up towards 13830-50 today
hi there
i could be wrong as well. But i see M30 just broke thru support level 38075 and is testing it on M5.
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in wondering about yourself, you forgot what you came here to be part of
  • #616,322
  • Aug 13, 2021 2:42am Aug 13, 2021 2:42am
Quoting Waveskierrob
{quote} Order Sell @ 1.3825 no tp no sl
No patience selling now @ 1.3805 no sl no tp
  • #616,323
  • Edited 2:59am Aug 13, 2021 2:48am | Edited 2:59am
Quoting Nordling00
{quote} I see your point Well, you know how i trade Mr. Bones. Remember the last US GDP data? It was very down below the consensus and GBPUSD rallied up that day. To be specific it was in 29/07/2021 And i sold that rally just before the Wall Street close and Wellington opening. Here's how it looks like: {image} I understand what were you saying now for all of these past months. Yes low US GDP was USD bearish but only for the day that it's released After that day it starts to work in my way I am not telling these...
so most people call that session the asian session I think ,it's not a good time to trade especially in this climate ,this thing is dead in the water
I marked the candle you took the trade overnight when the next day its sill there ,this is why I took the mick including the phrase the wellington open.
On the day advance GDP was under expectations and cable went up .The reason USD has been getting stronger since is overall data has been inflationary .
Seems a little crazy to associate a move well after the event all the time, to fit a narrative, that goes against any logical thinking .
the daddy NFP event was very good.
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  • #616,324
  • Aug 13, 2021 2:52am Aug 13, 2021 2:52am
hello folks,
Just shorted with tight sl on 1min tf.
tp is open for today
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  • #616,325
  • Aug 13, 2021 2:58am Aug 13, 2021 2:58am
Quoting Ilvez
Buy at 3804, SL below ydays low. Seems like a double tap and 5M demand at the bottom of the channel + RN res. Countertrend trade but perhaps its time for a small pivot?
In the same trade for the same reason at 1.38--small size for now

Hunting liquidity below 11th low forming a small W on RN, the m5 demand from YL gives the base to buy from-- could be wrong
  • #616,326
  • Aug 13, 2021 3:00am Aug 13, 2021 3:00am
Quoting fxmasterdxb
{quote} You might want to push that SL a little lower, say 1.3765 just in case
1. Welcome back.
2. Why? around the RN confluence zone i usually take 25 pips a stop to the quarter RN @ 0.75
but, for this i need new HH on daily/4h
what i dont like is the 4h structure now bearish.

really believe bulls can strike it up.
btw, dxi is forming 4h double top?
  • #616,327
  • Aug 13, 2021 3:02am Aug 13, 2021 3:02am
some numbers
cable.., sentiment still bearish SELL 59% from myfxbook
DPP 1.3804
and
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does it mean that first range 00-20..,
...
gold if someone is interested
DPP 1751.33
and
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happy trading
dolce vita
  • #616,328
  • Aug 13, 2021 3:08am Aug 13, 2021 3:08am
Quoting Bones
{quote} so most people call that session the asian session I think ,it's not a good time to trade especially in this climate ,this thing is dead in the water I marked the candle you took the trade overnight when the next day its sill there ,this is why I took the mick including the phrase the wellington open. On the day advance GDP was under expectations and cable went up .The reason USD has been getting stronger since is overall data has been inflationary . Seems a little crazy to associate a move well after the event all the time, to fit a narrative...
I see that you also marked the inflation data too, which was low/pretty much the same with the consensus and GBP appreciated that day. But it also created a nice selling point and i was thinking about adding to my sells there. And as you marked it, wasn't it also a good selling point? Am i wrong?

And also US inflation is around 5% now, so it's so much more than the FED wants (2%) and that high inflation numbers didn't help the GDP either. GDP was lower than expected. And previous months GDP Growth was 6.4 and it's just 6.5 this month. So can we say "high inflation = high gdp" formula didn't really worked as the FED wanted? So doesn't that mean GBPUSD should go up? I am trying to look from your point of view though. For me it's GBPUSD sell but i want to see the way you look at it
You have to have an IQ higher than 90 to interact with this user.
  • #616,329
  • Aug 13, 2021 3:09am Aug 13, 2021 3:09am
This week have been a dull one, wish I took a break.
  • #616,330
  • Aug 13, 2021 3:13am Aug 13, 2021 3:13am
Quoting Waveskierrob
{quote} No patience selling now @ 1.3805 no sl no tp


Hello Waveskierrob.

What do you mean NO PATIENCE.

You got it wrong in applying proper English words. Are U sure you're from UK ?

All I can see that you are the most patience trader I ever met.

Lets define Patience

"Patience is not the ability to wait. Patience is to be calm no matter what happens, constantly take action to turn it to positive growth opportunities, and have faith to believe that it will all work out in the end while you are waiting."

The proof was yesterday on GU trade, when I bailed out of the short trade, you continued stay with the trade till the end.
That's just pure patience energy.

That's proof you're the most patience trader in the whole FF.
You've lived to your ranked as " Best trader ever to have lived"

Good luck buddy and trade well.

Sincerely

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #616,331
  • Aug 13, 2021 3:14am Aug 13, 2021 3:14am
Good luck!

I’m so rusty, got my terms mixed up, meant support at RN. But lets see how it plays out, smallish weekly range is concerning me slightly.

Quoting mysterio
{quote} In the same trade for the same reason at 1.38--small size for now Hunting liquidity below 11th low forming a small W on RN, the m5 demand from YL gives the base to buy from-- could be wrong
  • #616,332
  • Aug 13, 2021 3:18am Aug 13, 2021 3:18am
Quoting Waveskierrob
{quote} No patience selling now @ 1.3805 no sl no tp
Daddy, Brother, Lover, Little Boy
  • #616,333
  • Aug 13, 2021 3:19am Aug 13, 2021 3:19am
Quoting Pat Chiko
{quote} Hello Waveskierrob. What do you mean NO PATIENCE. You got it wrong in applying proper English words. Are U sure you're from UK ? All I can see that you are the most patience trader I ever met. Lets define Patience "Patience is not the ability to wait. Patience is to be calm no matter what happens, constantly take action to turn it to positive growth opportunities, and have faith to believe that it will all work out in the end while you are waiting." The proof was yesterday on GU trade, when I bailed out of the short trade, you continued...
"Well I stand corrected" said the man in the orthopaedic shoes
  • #616,334
  • Aug 13, 2021 3:20am Aug 13, 2021 3:20am
Quoting mysterio
{quote} In the same trade for the same reason at 1.38--small size for now Hunting liquidity below 11th low forming a small W on RN, the m5 demand from YL gives the base to buy from-- could be wrong
The trend line seems to be faltering a bit now. Being a Friday we could see profiteering that can push cable up above the pivot. Also there is a red sticker announcement at 3pm from the US which could provide a catalyst
Insane in the Brain..
  • #616,335
  • Aug 13, 2021 3:20am Aug 13, 2021 3:20am
I would like to see the Dollar just break down already, there is a lot of selling pressure in the 93s

Quoting BeeTogether
{quote} The trend line seems to be faltering a bit now. Being a Friday we could see profiteering that can push cable up above the pivot. Also there is a red sticker announcement at 3pm from the US which could provide a catalyst
Is that the desc lower TL on h4. Yeah it's really being pushed to its limit
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  • #616,336
  • Aug 13, 2021 3:25am Aug 13, 2021 3:25am
Quoting mysterio
I would like to see the Dollar just break down already, there is a lot of selling pressure in the 93s {quote} Is that the desc lower TL on h4. Yeah it's really being pushed to its limit {image}
and we have bull flag on the bottom of flagged also , but im expecting the spike as your chart show some immortal area to restest XD
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #616,337
  • Aug 13, 2021 3:27am Aug 13, 2021 3:27am
Fridays are Always FUN!!!!
Don't trade what you think. Just what you see!!!
  • #616,338
  • Aug 13, 2021 3:30am Aug 13, 2021 3:30am
Quoting Theoak
Fridays are Always FUN!!!!
The sad thing is weekend is coming and it sucks
You have to have an IQ higher than 90 to interact with this user.
  • #616,339
  • Aug 13, 2021 3:30am Aug 13, 2021 3:30am
Quoting Pat Chiko
{quote} GU Scalping Tokyo {image}
GU

The current trade in progress.

Do I have the patience to follow through this trade until target (TP) ?

Need the patience and discipline to see this through. I'm learning to get better everyday.
May have to learn it from The Most Patience Trader in FF

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #616,340
  • Aug 13, 2021 3:32am Aug 13, 2021 3:32am
Short in at 1.3797
Don't trade what you think. Just what you see!!!
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