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Cable Update (GBPUSD)

  • #617,021
  • Aug 17, 2021 12:00am Aug 17, 2021 12:00am
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  • #617,022
  • Aug 17, 2021 12:00am Aug 17, 2021 12:00am
ngalor trend
  • #617,023
  • Aug 17, 2021 12:00am Aug 17, 2021 12:00am
Quoting Thepiplady
Yesterday the highs touched the Daily M3 at 1.3870 - if the move is daily M3 to Daily M1, then I expect the support to be on the daily M1 at 1.3808 - I just got into a buy with the good news in mind for the GU - but have a tight sl below 1.3808 170 pips up in gold buy from yesterday with an add on
Guess not then
If you don't earn from it you learn from it
  • #617,024
  • Aug 17, 2021 12:06am Aug 17, 2021 12:06am
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looking to break out
  • #617,025
  • Aug 17, 2021 12:07am Aug 17, 2021 12:07am
Quoting Waveskierrob
{quote} closed 1.3806 + 60 pips
I am truly impressed!
You nailed almost every one.
(I was following you on that trade- even it was late entry & bailed out early)


Are you are using some crystal ball magic, sorcery (naked dancing?) or something you smoked?.

Keep on sharing (I mean the trade set up, not what you've smoked).

I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #617,026
  • Aug 17, 2021 12:08am Aug 17, 2021 12:08am
...nice bearish follow thru on that last 1hr bearish thrust engulf x 3 close...price landing (for now?) in that previously mentioned dly minor sw hi zone = prev res = pot rbs. Dly below.
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Trader with an Edge.
  • #617,027
  • Aug 17, 2021 12:08am Aug 17, 2021 12:08am
Quoting Waveskierrob
Short again !.3858 no sl no tp
closed 1.3798 + 60 pipas
  • #617,028
  • Aug 17, 2021 12:10am Aug 17, 2021 12:10am
Quoting donfriday
{quote} its wrong to set fibo on the low or high of the current candle of the Tf you are viewing. fibo is a swing of higher high or lower lower
lol thx...I follow the moves up or down with plotted fibs from an established fractal swing hi or lo until the opposite end becomes the same too.
----------------------------------

On 4hr next potential supp is a prev sw lo zone to 3766 = prev supp = pot supp. Strong move so far! 4hr below.
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Trader with an Edge.
  • #617,029
  • Aug 17, 2021 12:11am Aug 17, 2021 12:11am
Looks like could be heading back to 3730 area on the daily
Compulsions can be hard to resist
  • #617,030
  • Aug 17, 2021 12:11am Aug 17, 2021 12:11am
Quoting kris89
{quote} Price may goes down today. So ill waiting first xD
Good pips today .lets scalp a little now
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #617,031
  • Aug 17, 2021 12:14am Aug 17, 2021 12:14am
Quoting Headland
{quote} lol thx...I follow the moves up or down with plotted fibs from an established fractal swing hi or lo until the opposite end becomes the same too.

when you set on the low or high of current price and the price keep moving you will be adjusting at every low or high.



fibo is set on previous price swing movement. depend on the time frame
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MY OPINION NOT FINANCIAL ADVISE
  • #617,032
  • Aug 17, 2021 12:15am Aug 17, 2021 12:15am
Woooooah! Didn’t expect that level of drop today I had 13910 before a retrace … oh well let’s see how it plays
Insane in the Brain..
  • #617,033
  • Aug 17, 2021 12:15am Aug 17, 2021 12:15am
Quoting Headland
... move down already @ the 50% downside extension of y/day's small range dly candle...85.4% 3791-3878 exceeded now too downside also as the prev 1hr/4hr/minor dly sw lo to 3791 is in view as price enters the dly part of it. The bottom of said zone is coexistent with a prev dly sw hi = prev res = pot rbs zone that extends down to circa 3771 and @ 3776 there is 50% of the recent 3572-3983 move. 1hr below. {image}
A predictive use of fibo based on previous candles PA confluence with consequential levels?
Compulsions can be hard to resist
  • #617,034
  • Aug 17, 2021 12:15am Aug 17, 2021 12:15am
Quoting Waveskierrob
SELL @ 1.3850 no tp no sl
closed 1.3790 +60 pipsqueeks
  • #617,035
  • Aug 17, 2021 12:19am Aug 17, 2021 12:19am
closed all short from 3860

not going to sell at previous week low waiting for move up and sell
MY OPINION NOT FINANCIAL ADVISE
  • #617,036
  • Aug 17, 2021 12:19am Aug 17, 2021 12:19am
My scalp zone 1.37800
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #617,037
  • Aug 17, 2021 12:20am Aug 17, 2021 12:20am
1.38000---1.39300
Like me, cuts losses quickly. But has more patience and lets his winn
  • #617,038
  • Edited 12:49am Aug 17, 2021 12:22am | Edited 12:49am
We're at Fridays low now-just poked under it

If it breaks through decisively then i'm not buying again today just sidelines

But if it's going to rally from anywhere it has to be around here imo

If it does turn out we've made the low of the day here then i'm looking for 1.3950 probably with 1.39 as first target

Again mentioned last Fri we may take out the highs and lows first

It does look like a huge double top now though
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  • #617,039
  • Aug 17, 2021 12:24am Aug 17, 2021 12:24am
...speaking of fibs...76.4% downside ext of y/day's small range dly candle reached @ current dly lo. 3822-27 is a 3 fib cluster currently, if this lo holds.
Trader with an Edge.
  • #617,040
  • Aug 17, 2021 12:30am Aug 17, 2021 12:30am
I called your bluff
Let's go up mf
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yes yes yes
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