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Cable Update (GBPUSD)

  • #616,581
  • Aug 13, 2021 11:28am Aug 13, 2021 11:28am
Quoting mysterio
{quote} Yea i'm on team 1.40. And yes possibly on to 1.41/2. Beauty double top on DXY coming off of weekly level. Lets get this done
Music to my ears mysterio.
No more traps please.
  • #616,582
  • Aug 13, 2021 11:33am Aug 13, 2021 11:33am
Ok........
100% floating loss recovered with 0.1% profit.
Not bad considering that at a point I was carrying 5% floating loss.

Still with very small position to taste 1.38700

Happy trading mates........
  • #616,583
  • Edited 12:01pm Aug 13, 2021 11:35am | Edited 12:01pm
Quoting Nd10
{quote} Yes please. Though i expect dxy to go back up a bit before crashing to 92 or possibly lower. I still expect my 1.417 to 1.42 to hit. By this, if 1.42 to 1.425 holds, i anticipate a triple top which may quickly move down to the 1.35 1.32 areas hoped ever since. If you look at monthly dxy, i still see it crashing to 90 area which may also expose triple bottom. Kindly confirm @Mysterio
Honestly this isn't a trading opinion as I take every day as a fresh situation

I think GU is in accumulation phase preparing for a markup to 1.40 next week. 1.4150-4240 is the main structure resistance level for a move down. I mentioned yesterday we'll see a large W pattern on the 1.38 level (albeit I tried to buy waay too early.. FOMO) Obviously it wont be straight up there will be the usual dicking around and trickery

Beyond that I don't try and project what the market will do 2,3,4 steps in advance as it can really trip you up and blind you to what the chart is telling you.

DXY can make it back down to the weakened daily demand level and maybe get another bounce before it drops for the double top to play out (IF it plays out). The weekly supply is stronger than the daily demand hence my biases. ALSO i'm a trading newbie with 8 months of experience so don't pay any real attention to any of this garbage by posting here i'm not claiming to be a pro forecaster/trader it just helps with my own self development to write out my thoughts, journal, record trades, interact with others/see how others view the charts etc.
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  • #616,584
  • Aug 13, 2021 11:39am Aug 13, 2021 11:39am
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yes yes yes
  • #616,585
  • Aug 13, 2021 11:39am Aug 13, 2021 11:39am
Quoting gatenio
{quote} 100$=1000 pips, how 2000 per one trade in one week?
Reference was on GOLD
  • #616,586
  • Aug 13, 2021 11:43am Aug 13, 2021 11:43am
Quoting mysterio
{quote} Honestly this isn't a trading opinion as I take every day as a fresh situation I think GU is in accumulation phase preparing for a markup to 1.40 next week. 1.4150-4240 is the main structure resistance level for a move down. I mentioned yesterday we'll see a large W pattern on the 1.38 level (albeit I tried to buy waay too early.. FOMO) Obviously it wont be straight up there will be the usual dicking around and trickery Beyond that I don't try and project what the market will do 2,3,4 steps in advance as it can really trip you up and blind...
Apt
  • #616,587
  • Aug 13, 2021 11:45am Aug 13, 2021 11:45am
Weekly close above 50/60 would be perfect for bulls, i will look for buying next week between 1.3840-1.3820
  • #616,588
  • Aug 13, 2021 11:47am Aug 13, 2021 11:47am
Quoting Nd10
{quote} Reference was on GOLD
i know. So it 1000 not 2000
  • #616,589
  • Aug 13, 2021 11:49am Aug 13, 2021 11:49am
Quoting Nordling00
{quote} Turkish Republic is founded by Mustafa Kemal Atatürk and he wanted this country to be a modern, secular, liberal country just like any other European country. Our state cannot be ruled by Sheria whether if people are Muslim or not since this state is founded as a SECULAR state. I respect every religion and lifestyle as well but Politics and Religion are two different things. That's the philosophy behind the Turkish Republic. We seem like a Middle Eastern country for these last 20 years because of Erdogan but we will recover when he loses...
you are right but i am just want to saying about justice,,no one is perfect in this world,,here is the law of like and dislike,,,some people like him but most of them is not want really he stay more,this is just our thinking view about the other person,,,at the end i am say about islam is the peace full religion,like every one want, and good and bad are every where who have no humanity, those people is not related any country nor any religious,,thanks
  • #616,590
  • Aug 13, 2021 12:18pm Aug 13, 2021 12:18pm
Nobody plays with the mighty DXY
Already had set a higher low and heading to 97.50 and next is 100 plus.
By then let's see from where you'll pick all those currencies and commodities
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #616,591
  • Aug 13, 2021 12:22pm Aug 13, 2021 12:22pm
2882 area to watch now
  • #616,592
  • Aug 13, 2021 12:30pm Aug 13, 2021 12:30pm
Quoting gatenio
{quote} i know. So it 1000 not 2000
From 1800 to 1681 and from 1681 to 1780 is what Sir?
  • #616,593
  • Aug 13, 2021 12:30pm Aug 13, 2021 12:30pm
Quoting ChiForex
Nobody plays with the mighty DXY Already had set a higher low and heading to 97.50 and next is 100 plus. By then let's see from where you'll pick all those currencies and commodities
Chi how is that gold sell? Hope u evacuated. Me already ran with very little
  • #616,594
  • Aug 13, 2021 12:32pm Aug 13, 2021 12:32pm
Come on..kick them out.. my Life long
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My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #616,595
  • Aug 13, 2021 12:33pm Aug 13, 2021 12:33pm
Quoting fxmasterdxb
Weekly close above 50/60 would be perfect for bulls, i will look for buying next week between 1.3840-1.3820
Expecting same area or slightly lower
  • #616,596
  • Aug 13, 2021 12:34pm Aug 13, 2021 12:34pm
Quoting Nd10
{quote} Chi how is that gold sell? Hope u evacuated. Me already ran with very little
True..evacuating Gold to the valley
Holding 1779 1772 sell...
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #616,597
  • Aug 13, 2021 12:34pm Aug 13, 2021 12:34pm
Quoting Nd10
{quote} From 1800 to 1681 and from 1681 to 1780 is what Sir?
not 1 trade.
  • #616,598
  • Aug 13, 2021 12:35pm Aug 13, 2021 12:35pm
Quoting bilal1947
{quote} {image}
GU, I open buy at H4 Close. Now I close and done for the week.
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MA provides the market's current direction and strength.
  • #616,599
  • Aug 13, 2021 12:41pm Aug 13, 2021 12:41pm
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lower high if it goes here
  • #616,600
  • Aug 13, 2021 12:44pm Aug 13, 2021 12:44pm
Quoting mysterio
{quote} Honestly this isn't a trading opinion as I take every day as a fresh situation I think GU is in accumulation phase preparing for a markup to 1.40 next week. 1.4150-4240 is the main structure resistance level for a move down. I mentioned yesterday we'll see a large W pattern on the 1.38 level (albeit I tried to buy waay too early.. FOMO) Obviously it wont be straight up there will be the usual dicking around and trickery Beyond that I don't try and project what the market will do 2,3,4 steps in advance as it can really trip you up and blind...
GU is most likely go up next week but I will look for PBO to buy. Hope I will get it in Monday.
This is how I think currently.
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MA provides the market's current direction and strength.
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