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Cable Update (GBPUSD)

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  • Post #616,961
  • Quote
  • Aug 16, 2021 1:00pm Aug 16, 2021 1:00pm
  •  BigNumbers
  • Joined Jul 2021 | Status: AGAINST ALL ODDS | 1,615 Posts | Online Now
Regardless; Prices are still pushing to get to 1.3800 today!
If it was easy... Everyone would do it!
 
1
  • Post #616,962
  • Quote
  • Aug 16, 2021 1:08pm Aug 16, 2021 1:08pm
  •  Houtbay
  • Joined Nov 2020 | Status: Member | 4,121 Posts
Shorting gbpusd
 
1
  • Post #616,963
  • Quote
  • Aug 16, 2021 1:12pm Aug 16, 2021 1:12pm
  •  here2there
  • Joined Dec 2019 | Status: Moving on... | 5,366 Posts
Quoting Pat Chiko
Disliked
{quote} How 'bout wearing only T-Shirt ? It matches with slogan {image}
Ignored
Cool shirt! I prefer black.
You don't know because you don't ask.
 
 
  • Post #616,964
  • Quote
  • Aug 16, 2021 1:12pm Aug 16, 2021 1:12pm
  •  ChiForex
  • Joined Jan 2019 | Status: Member | 1,035 Posts
Quoting ChiForex
Disliked
GU stuck on daily below 1.3877, on weekly and monthly below 1.3890. Base above here is necessary to change bearish view. Below targets still 1.3790s main support, base below will speed weakness.
Ignored
Range going more tight, after 1.3877 today, expect lower tomorrow and around said 1.3830 forming higher support for 1.3790s
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
 
 
  • Post #616,965
  • Quote
  • Aug 16, 2021 1:13pm Aug 16, 2021 1:13pm
  •  here2there
  • Joined Dec 2019 | Status: Moving on... | 5,366 Posts
Quoting AlfieSolomon
Disliked
Volatility? {image}
Ignored
It would be appropriate for him to admit he is not fit to be President, and then resign.
You don't know because you don't ask.
 
1
  • Post #616,966
  • Quote
  • Aug 16, 2021 1:14pm Aug 16, 2021 1:14pm
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 3,219 Posts | Online Now
Quoting BWilliam
Disliked
{quote} I did not answer your A, B question, instead I asked to watch till NY close. Better to see it for yourself.
Ignored
Let's wait and see
The Ghost In The Machine
 
1
  • Post #616,967
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  • Aug 16, 2021 1:31pm Aug 16, 2021 1:31pm
  •  Otiken
  • | Joined May 2008 | Status: Member | 151 Posts
Quoting Moty
Disliked
i will live or die on this trade you hear that , crooks mf ? you can't shake me {image}
Ignored

You live.........
As far as I can see, you are still right until 1 37900 area is cleared below.
Hold tight.........
I'm very much long bias and looking to join the long ride soon..........
Enjoy your trading.......
 
 
  • Post #616,968
  • Quote
  • Aug 16, 2021 1:32pm Aug 16, 2021 1:32pm
  •  Nuel101
  • | Joined Jul 2021 | Status: Member | 69 Posts
The market is quite sluggish today ... Not enough power from either sides
 
 
  • Post #616,969
  • Quote
  • Aug 16, 2021 1:32pm Aug 16, 2021 1:32pm
  •  gabolan3
  • | Commercial Member | Joined Nov 2017 | 168 Posts
Hello friends, despite buyers pull back in price shorts @ 1.3867-74 we posted earlier today should still be profitable at the moment although might not close below the 1.3812 bearish bias point of today. What happened in the market today should not be a much surprise as we can link this to the adjustment of key event line up on the economy carlender today. I mean as at yesterday backwards there were no key event for today and that by analysis of professional traders there should be a bullish trade all through the day for today and that exceeding bullish but jon psoting our analysis this morning we noticed an update in the carlender and that changed the direction and the trading environment (Trending to ranging)we should have had today.

Nevertheless we weere not surprised to see the N.america traders being bullish alerted were more bullish to go up and not finding there way out had to go down to make a new day llow @ 1.3827 before the wall street traders opened @ 2pm GMT , and that by professional calculation translated into buying and closing the day @ 1.3856 where we expect price to close.

Now whether they close high or low we already have the buying setup for tomorow als we have seen buyers support @ 1.3889 just below sellers resistance @ 1.3901 to give a lift for price to make its way above tomorow, althoughwith current low of 1.3827 the european session sentiment tomrow is clearly bearish but the bearish bias point is somewhere up above the price where sellers have to break and what does this means? we are likely having an exceedingly bullish market for tomorow so selling should not go far below what the Aisain traders sets as low for the day. Happy trading.a
1
 
  • Post #616,970
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  • Aug 16, 2021 1:34pm Aug 16, 2021 1:34pm
  •  Moty
  • Joined Dec 2017 | Status: Member | 21,558 Posts
Attached Image (click to enlarge)
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  • Post #616,971
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  • Aug 16, 2021 1:49pm Aug 16, 2021 1:49pm
  •  Waveskierrob
  • Joined May 2020 | Status: Best trader ever to have lived 4.0 | 4,727 Posts
Quoting Pat Chiko
Disliked
{quote} W I'm watching on how you trade. Not only you use the common patterns, but you really understand the common tricks which are used against most traders. That is what I call "market personality." It exists, and it exists to take my money. So I'm learning now on how you understand the tricks to fool the market maker, just like he/she has tricks to fool small traders. I wouldn't dare to ask you in this thread, as I assume those are, your "secret family recipe." Maybe I learn by watching how you trade.
Ignored
Only two ingredients MM and patience, recipe, big bank small lots and KISS (keep it stupidly simple)
Soon To Be Temporarily Suspended Again
1
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  • Post #616,972
  • Quote
  • Aug 16, 2021 2:01pm Aug 16, 2021 2:01pm
  •  Bigbul
  • | Joined Jul 2021 | Status: Member | 108 Posts
Quoting Moty
Disliked
{image}
Ignored
bro you close your trades in loss?
 
 
  • Post #616,973
  • Quote
  • Aug 16, 2021 2:39pm Aug 16, 2021 2:39pm
  •  Pat Chiko
  • Joined Dec 2008 | Status: Super Newbie | 11,266 Posts
Quoting Waveskierrob
Disliked
{quote} Only two ingredients MM and patience, recipe, big bank small lots and KISS (keep it stupidly simple)
Ignored

Excellent and precise points

Well deserved, W!

You have an attitude of a real winner !
Where would our society be without those few people who are having great ideas, patience and sound management practice.

Trading is peanuts (for you) compared to what those great scientist & inventors went through.
We don't have to invent something new to be profitable, we just have to adjust a "simple" system that fits our personality and prepare our minds to be fearless, roughly speaking.

Adding to that I pay attention to what makes SENSE TO ME and learn to modify, perfect and trade THAT way.
I just forget the rest as it will only confuse me.
The SIMPLER I keep it, the more successful I will be. * (like you said KISS)

Personally I believe that if a person were skilled enough and worked at it, they probably could trade Price Action alone and do really well no matter what chart they were on. That's what and how I'm trading now.

I can't do it yet in full, but I WILL GET THERE, with your guide and if I decide to.

Thanks W.

Trade Safe & good nite.

PAT
I come from the future.
2
7
  • Post #616,974
  • Quote
  • Aug 16, 2021 2:45pm Aug 16, 2021 2:45pm
  •  Georginson
  • Joined Aug 2018 | Status: Veteran | 3,326 Posts
In a tight range market, scalp with upper and lower prices asteriked to prepare for break out;

In a volatile environment, swing with modest lot size and avoid overthinking.

Here is a scalp result for today...
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Swing and Intraday
 
9
  • Post #616,975
  • Quote
  • Aug 16, 2021 2:49pm Aug 16, 2021 2:49pm
  •  Sammih
  • Joined Mar 2015 | Status: Living Life Large | 743 Posts
Quoting iqyu5an
Disliked
USDX https://twitter.com/Market5tudio/sta...44193044811778
Ignored
The long trade didnt pun out.

Now short a few trades here.
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  • Post #616,976
  • Quote
  • Aug 16, 2021 3:17pm Aug 16, 2021 3:17pm
  •  kenny4real
  • | Joined Apr 2008 | Status: Member | 71 Posts
Quoting Moty
Disliked
i will live or die on this trade you hear that , crooks mf ? you can't shake me {image}
Ignored

Trading shouldn't be that way IMO.
Since you're not a dealer or Market maker, if they don't move in your direction it doesn't mean you were wrong. I would rather scratch out and wait for another ambush .
It shouldn't involve live or death
 
 
  • Post #616,977
  • Quote
  • Aug 16, 2021 3:30pm Aug 16, 2021 3:30pm
  •  Pat Chiko
  • Joined Dec 2008 | Status: Super Newbie | 11,266 Posts
Quoting Pat Chiko
Disliked
{quote} GU Late entry on short scalping. What the heck. {image}
Ignored
GU

This was late scalping entry.

Closing all scalping now.
Getting late and tomorrow another day to trade.

Attached Image (click to enlarge)
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Size: 372 KB
I come from the future.
1
8
  • Post #616,978
  • Quote
  • Aug 16, 2021 3:45pm Aug 16, 2021 3:45pm
  •  Pip-Prophet
  • | Joined Mar 2021 | Status: Member | 18 Posts
Quoting Pip-Prophet
Disliked
{quote} It looks like your Sold on the bull move Moty, No short interest to 1.3800 first? -Prophet
Ignored
@Moty appears the shorts are more interested in the 1.3800-1.3780 zone as of now

-Prophet
 
 
  • Post #616,979
  • Quote
  • Aug 16, 2021 3:53pm Aug 16, 2021 3:53pm
  •  Fredo219
  • | Joined Aug 2019 | Status: Member | 382 Posts
This pair has been ranging since the beginning of the month.
I'm getting bored
Patience.....
 
 
  • Post #616,980
  • Quote
  • Aug 16, 2021 4:08pm Aug 16, 2021 4:08pm
  •  donfriday
  • Joined Jan 2009 | Status: WHO AM I €&$ ? | 7,450 Posts
Quoting Fredo219
Disliked
This pair has been ranging since the beginning of the month. I'm getting bored
Ignored


the market is always a range depending on where u view from.

we have a narrow range and a wide range
I NEVER LOSE/=I EITHER WIN OR LEARN
 
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