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Cable Update (GBPUSD)

  • #617,281
  • Aug 17, 2021 9:49am Aug 17, 2021 9:49am
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 39 KB
yes yes yes
  • #617,282
  • Aug 17, 2021 9:50am Aug 17, 2021 9:50am
Great liu session today loved it
  • #617,283
  • Aug 17, 2021 9:57am Aug 17, 2021 9:57am
Quoting here2there
{quote} So you plot support and resistance on a higher time frame, such as the Daily. And then you enter on a pullback on the 30 min? Or do you just enter a trade as it breaks support or resistance?
YES

S&R on Daily/H4

Entry on H1/M30

Trade always on pullback.
The last trade I gate crash it because price didn't filled up my Limit Order.
I was so frustrated, and have to chase the price during the news,

I seldom trade break out. I wait for pull back confirmation/rejection
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #617,284
  • Aug 17, 2021 9:58am Aug 17, 2021 9:58am
Looks like we going to 13660 area next
Insane in the Brain..
  • #617,285
  • Aug 17, 2021 10:00am Aug 17, 2021 10:00am
Quoting Jolita
{quote} Not judging or querying at all, just saying. I am bying dips, as we suppose to be at 1.4 by now. Long overdue.. Dont you think this is all driven by Afganistan / Taliban / troops / war / Biden has even returned back from vacation? This trend could continue for ever.
1.4 by now? Why?
im not so good with geo-politics affect on economy

im also stopped out.
  • #617,286
  • Aug 17, 2021 10:02am Aug 17, 2021 10:02am
Quoting Moty
{image}
oh man, you still hold buys?

  • #617,287
  • Aug 17, 2021 10:03am Aug 17, 2021 10:03am
Quoting Techanalyst
Closed my short positions on GBPUSD manually in profit. Opened a buy on USDJPY. Trade safe. {image} {image} {image}
Very nice I am thinking about riding my sells a bit more. Maybe for like a week.
You have to have an IQ higher than 90 to interact with this user.
  • #617,288
  • Aug 17, 2021 10:04am Aug 17, 2021 10:04am
Quoting AlfieSolomon
Great liu session today loved it
The bulls were warned actually... Price has been ranging for too long and this is a break out to the down side... Some mini bounce of 50 - 80 pips cannot be ruled out before further fall to 1.3600.
Data + Stat + Risk/Emotions Management
  • #617,289
  • Aug 17, 2021 10:06am Aug 17, 2021 10:06am
I still believe 1.3725 should be the maximum for today, we might see a slight pull back towards 1.3760
  • #617,290
  • Aug 17, 2021 10:06am Aug 17, 2021 10:06am
Quoting Mr.Burger
{quote} yeah.. still possible drop down make a bullish crab pattern, this is so scary
re-entry long now with my crab @ 3736 sl 3700 tp open
Daddy, Brother, Lover, Little Boy
  • #617,291
  • Aug 17, 2021 10:07am Aug 17, 2021 10:07am
Quoting Georginson
{quote} The bulls were warned actually... Price has been ranging for too long and this is a break out to the down side... Some mini bounce of 50 - 80 pips cannot be ruled out before further fall to 1.3600.
Actually if the week closes below 1.3750, i will be targeting 1.3460 for the weeks to come
  • #617,292
  • Aug 17, 2021 10:11am Aug 17, 2021 10:11am
Quoting Waveskierrob
SHORT @ 1.3745 no tp no sl
You are fearless!
Attached Image
  • #617,293
  • Aug 17, 2021 10:14am Aug 17, 2021 10:14am
Quoting fxmasterdxb
{quote} Actually if the week closes below 1.3750, i will be targeting 1.3460 for the weeks to come
A break of 1.3570 will lead us to 1.3460 which will happen in days/weeks ahead... My October to December forecast still points at 1.2860...
Data + Stat + Risk/Emotions Management
  • #617,294
  • Aug 17, 2021 10:16am Aug 17, 2021 10:16am
Quoting Waveskierrob
SHORT @ 1.3745 no tp no sl
closed 1.3737 + 8 pips
  • #617,295
  • Aug 17, 2021 10:18am Aug 17, 2021 10:18am
Quoting mysterio
{quote} Just because the market moves around the news release means it decided the direction or magnitude of the direction Several of us called the exact entry and exit of this move, this isn't just a lucky coin toss. This is an area where large institutions sell the dollar and buy GU, it's all in the chart {image}
Quoting Nordling00
{quote} As a trader who mainly focuses on news and trades fundamentals, i can assure you that not all the news decide the direction. Some of them are direction showing, some of them are for creating pullbacks or rallies. This one is the latter. Cause you know there's not a trend that looks like 90 degrees, there will always be some pullbacks. So the thing that i see in your DXY chart is DXY is in the perfect spot for buying. Let's wait and see, let's see if i am correct or wrong.
Hey Mysterio, i hope you are doing well. I don't want to say "i told you" since i respect & understand your point of view well.

I just want to say that time proved what i have said was pretty accurate. What do you think about GU from now on?
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  • #617,296
  • Aug 17, 2021 10:19am Aug 17, 2021 10:19am
Quoting Pat Chiko
{quote} YES S&R on Daily/H4 Entry on H1/M30 Trade always on pullback. The last trade I gate crash it because price didn't filled up my Limit Order. I was so frustrated, and have to chase the price during the news, I seldom trade break out. I wait for pull back confirmation/rejection
.



Yes.....
Pull back is a lot safer to play than break out.
It reduce risk and gives safer profit target.
  • #617,297
  • Aug 17, 2021 10:20am Aug 17, 2021 10:20am
Quoting Pram808
4006823I See Short,
Before
Attached Image (click to enlarge)
Click to Enlarge Name: Cable 3.png Size: 77 KB
After
Attached Image (click to enlarge)
Click to Enlarge Name: cable 4.png Size: 99 KB
As I expected
Using Chaos to Finding Order
  • #617,298
  • Aug 17, 2021 10:24am Aug 17, 2021 10:24am
Quoting Nordling00
{quote} {quote} Hey Mysterio, i hope you are doing well. I don't want to say "i told you" since i respect & understand your point of view well. I just want to say that time proved what i have said was pretty accurate. What do you think about GU from now on?
Yea good job, respect

Honestly I had an off day my analysis and execution were poor in fact I didn't really wait for confirmation. I came up with a view based on technical levels on GU/DXY

I just scalp based on price action so my next area to watch is 1.3711-35 for a turnaround

Credit were credits due, none of us can get it right 100pc of the time just as long as our RR is good we can stomach some losses

Also I don't get into fundamentals cause I haven't been able to consistently apply it to my trading (although I understand them perfectly) I've only been able to PA scalp consistently. But today was shambolic From a technical perspective we're in an untested daily demand area so can reverse anywhere down to 1.3720... if daily closes below there then more bears. Honestly i'm not interested in the game of who's right or wrong we all have to go with our own views and hopefully learn from mistakes
  • #617,299
  • Aug 17, 2021 10:26am Aug 17, 2021 10:26am
Quoting gatenio
{quote} 1.4 by now? Why? im not so good with geo-politics affect on economy im also stopped out.
As there is always both ways, like a seasaw.

Trend is influenced by many factors, incl news, politics, economy, technicals, you name it..
  • #617,300
  • Aug 17, 2021 10:26am Aug 17, 2021 10:26am
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 17 KB
yes yes yes
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