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Cable Update (GBPUSD)

  • #617,141
  • Aug 17, 2021 5:37am Aug 17, 2021 5:37am
it broke 3810 as this mornings alarm went on the number then it became resistance
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  • #617,142
  • Aug 17, 2021 5:41am Aug 17, 2021 5:41am
Quoting Pat Chiko
{quote} Nice entry. Seems to me 1.38000 is holding well, rejecting for last 2 hours. Tough to crack this support.
cracked and got stopped out, no worries will try lower
  • #617,143
  • Aug 17, 2021 5:42am Aug 17, 2021 5:42am
She'll probably go a bit lower below 50% to around 1.3760. I might chance a long around 1.3770....
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Did you place your stop loss order? Why not?!? Story of my life...
  • #617,144
  • Aug 17, 2021 5:42am Aug 17, 2021 5:42am
The price is sitting on a support area, so watch carefully.....
Test, is must surely test buyers nerves......
Trade well mates.........
  • #617,145
  • Aug 17, 2021 5:43am Aug 17, 2021 5:43am
The weekly wick got filled within just 2 days of a new week pretty quick
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  • #617,146
  • Aug 17, 2021 5:49am Aug 17, 2021 5:49am
Quoting AlfieSolomon
The weekly wick got filled within just 2 days of a new week pretty quick {image}
Good Observation. !!
Fools Rushing
  • #617,147
  • Aug 17, 2021 5:54am Aug 17, 2021 5:54am
...unlike the lo at 3788 there is regular bullish div on my osc's at the new current dly lo - may mean something, may not? Bears seem strong so far. Should the current lo hold - first fib cluster I have is a 3 fib cluster 3821-26.

1hr below.
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Trader with an Edge.
  • #617,148
  • Aug 17, 2021 5:54am Aug 17, 2021 5:54am
Quoting MohSETH
Hi Guys. Can You help me? Sell me a tip? How can I adapt my mindset to let the profit position run? Right now it looks like when I am on wining side I only manage to keep my position for +20 PIPs. and few hours later I see that I could get much more from this position. On the other side I keep the losing trade much longer.
Ask this question to crypto hodlers they could answer you
  • #617,149
  • Aug 17, 2021 5:59am Aug 17, 2021 5:59am
I believe that supports and resistants are not definite price level but price zone.........
Market makers target this areas for stop runs and that's why I monitor my trades without stop loss because you can never tell when a level will be stop run.........

Happy trading
  • #617,150
  • Aug 17, 2021 6:04am Aug 17, 2021 6:04am
Quoting Otiken
I believe that supports and resistants are not definite price level but price zone......... Market makers target this areas for stop runs and that's why I monitor my trades without stop loss because you can never tell when a level will be stop run......... Happy trading
But you need big accout or good money management. So i hope it well.
  • #617,151
  • Aug 17, 2021 6:06am Aug 17, 2021 6:06am
Quoting corongumet
{quote} But you need big accout or good money management. So i hope it well.
preferably both
  • #617,152
  • Aug 17, 2021 6:09am Aug 17, 2021 6:09am
Fundamentals first, everything else comes after. Trade safe.
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  • #617,153
  • Aug 17, 2021 6:11am Aug 17, 2021 6:11am
UK data was surprisingly good so not sure why we seeing a drop like this. Strange . Oh well bulls had a chance yesterday but decided to join bears for a picnic. My bias is reducing range now. 13910 not on the radar. A rise upto 13880 might be the limit as it’s last resistance area that’s not been cracked despite attempts yesterday
Insane in the Brain..
  • #617,154
  • Aug 17, 2021 6:12am Aug 17, 2021 6:12am
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come on
  • #617,155
  • Aug 17, 2021 6:16am Aug 17, 2021 6:16am
Quoting BeeTogether
UK data was surprisingly good so not sure why we seeing a drop like this. Strange . Oh well bulls had a chance yesterday but decided to join bears for a picnic. My bias is reducing range now. 13910 not on the radar. A rise upto 13880 might be the limit as it’s last resistance area that’s not been cracked despite attempts yesterday
Think just manipulation to take out Friday low stops

Question is do we rally from here or break the range to the downside

If it is manipulation to take out the stops then one would maybe expect the rally but who knows.. forex..

As ever they take it to a fork in the road around major news time

Also the claimant count was quite a bit off forecast while the other two metrics were broadly in line
  • #617,156
  • Aug 17, 2021 6:17am Aug 17, 2021 6:17am
Quoting Georginson
{quote} And it played out as high 1.3893 - 1.3789 low... That was close to perfect... Now this week forecast is given below Possible HIGH 1.3890 Possible LOW 1.3600 Bias heavily Bearish....
This may be playing out... Let's see.
Data + Stat + Risk/Emotions Management
  • #617,157
  • Aug 17, 2021 6:25am Aug 17, 2021 6:25am
Quoting Pat Chiko
GU Scalping {image}{image}
Oh no Pat, it is you who is shaking Sterling down. Second day in a row

I've enjoyed my trip to Poole, Sandbanks, also visited Bournemouth, Durdle Door, Jurassic Coast and Swanage town.
Dorset is an area of natural beauty, really nice. Locals very lovely people. UK has so many wonderful places. Next time Devon is on my list.
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  • #617,158
  • Aug 17, 2021 6:26am Aug 17, 2021 6:26am
Hmmm 1H no real direction
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Insane in the Brain..
  • #617,159
  • Aug 17, 2021 6:30am Aug 17, 2021 6:30am
have taken long entry at 3791.

stop 10 pips
Intraday only.
  • #617,160
  • Aug 17, 2021 6:33am Aug 17, 2021 6:33am
Quoting navk
have taken long entry at 3791. stop 10 pips
Going with you BUY @ 1.3792 no tp no sl
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