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Cable Update (GBPUSD)

  • #617,681
  • Aug 18, 2021 1:45pm Aug 18, 2021 1:45pm
Higher are chances to see something like these
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  • #617,682
  • Aug 18, 2021 1:45pm Aug 18, 2021 1:45pm
Quoting Georginson
{quote} You may be in for a big surprise... This looks to me like a falling knife. Price needs to stay above 1.3786 for bulls to have any chance.
I have a different view...it could drop all the rest of the day today and still be bullish into tomorrow and rest of the week. 3850 easy peasy...
Everyone can see the chart, but only a few can actually read it.
  • #617,683
  • Aug 18, 2021 1:47pm Aug 18, 2021 1:47pm
I trade on the higher timeframes, but for news drop down to the 5 min chart, as news swill shoot off but always retrace to a 5 min fib level, GU retraced to the 78.6 level on a 5 min fib it will either go back down into the range on the 5 min - which means no news trade, or go back to the 0 level on the fib at 1.37851 or because of the 78.6 level retrace go to the 161 @1.38082 - the 61.8 fib level is being tested now at 1.37620 which is a good entry for a cheeky buy here
If you don't earn from it you learn from it
  • #617,684
  • Aug 18, 2021 1:48pm Aug 18, 2021 1:48pm
Maybe I'll stop her tomorrow.

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I wish you a great night (or day)!

God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #617,685
  • Aug 18, 2021 1:48pm Aug 18, 2021 1:48pm
Quoting Mr.Burger
{quote} we cover that sir, -9 pips already stop --- bearish butterfly on daily pivot {image}
still hold position, let the market choose where it should go
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  • #617,686
  • Aug 18, 2021 1:49pm Aug 18, 2021 1:49pm
Quoting OnlineAddict
I see many bears...staying long, easy trade.

I like that.

Even my short are not so sure.

Couldn't see it will more aggressively on this FOMC news

Just waiting in case it decide to take my SL.

If not I find ways to add more short position.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #617,687
  • Aug 18, 2021 1:49pm Aug 18, 2021 1:49pm
Waiting from the morning
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  • #617,688
  • Aug 18, 2021 1:50pm Aug 18, 2021 1:50pm
Quoting Pat Chiko
{quote} I'm trying to finding ways to add more position. Still very tricky movement, not settle yet. Need price to calm down a bit
my buy position is 1.37326, stil hold it.
  • #617,689
  • Aug 18, 2021 1:50pm Aug 18, 2021 1:50pm
Quoting Mr.Burger
{quote} still hold position, let the market choose where it should go {image}
Nice one Juan.

You let the market to decide for you.

Smart choice.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #617,690
  • Aug 18, 2021 1:50pm Aug 18, 2021 1:50pm
Quoting OnlineAddict
{quote} I have a different view...it could drop all the rest of the day today and still be bullish into tomorrow and rest of the week. 3850 easy peasy...
Okay mate, let's see how this will play out.
Data + Stat + Risk/Emotions Management
  • #617,691
  • Aug 18, 2021 1:51pm Aug 18, 2021 1:51pm
Quoting Bigbul
{quote} my buy position is 1.37326, stil hold it.
That was very good price for you to pick up

I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #617,692
  • Aug 18, 2021 1:52pm Aug 18, 2021 1:52pm
Quoting Georginson
{quote} Okay mate, let's see how this will play out.
Yep.
Everyone can see the chart, but only a few can actually read it.
  • #617,693
  • Aug 18, 2021 1:53pm Aug 18, 2021 1:53pm
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If you don't earn from it you learn from it
  • #617,694
  • Aug 18, 2021 1:54pm Aug 18, 2021 1:54pm
Currently testing the 61.8 on a 5 min chart using the low from the start of the news increase to the high, if it drops into the range in the 5 min no news trade - if it goes up it will use the Fib levels to reach the 161.8 @ 1.38082
If you don't earn from it you learn from it
  • #617,695
  • Aug 18, 2021 1:56pm Aug 18, 2021 1:56pm
Quoting MTF Test
I was bloody stunt of what had happend. Saved my sell widening the SL.
Smart moved, always b4 news, spikes, widening of spread to kill SL
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #617,696
  • Aug 18, 2021 1:58pm Aug 18, 2021 1:58pm
Quoting Jolita
{quote} *4h Pivot
Daily

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  • #617,697
  • Aug 18, 2021 2:01pm Aug 18, 2021 2:01pm
Quoting Pat Chiko
{quote} That was very good price for you to pick up
thank you ,your appreciate is much for me then a trade,,if one expert is appreciate you it grow your confidence more,
  • #617,698
  • Aug 18, 2021 2:03pm Aug 18, 2021 2:03pm
Quoting M.Fadly
{quote} i think 1.35660 finish

welcome
Like me, cuts losses quickly. But has more patience and lets his winn
  • #617,699
  • Aug 18, 2021 2:03pm Aug 18, 2021 2:03pm
1.37400 next support/resistance
  • #617,700
  • Aug 18, 2021 2:05pm Aug 18, 2021 2:05pm
Quoting LvMMT
Maybe I'll stop her tomorrow. {image} I wish you a great night (or day)! God bless everyone!
I reckon to take the profit and start fresh, Hence the Price behavior is hinting for more southward move. May be a low we may not expect.

Just my two cents buddy.
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