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Cable Update (GBPUSD)

  • #617,801
  • Aug 19, 2021 1:40am Aug 19, 2021 1:40am
Quoting mysterio
{quote} Nice one US equity futures getting absolutely creamed this morning GU is bear to 1.36 area no doubt about it, I can't sell into straight line moves so I wait on sidelines for now Scalpers in a way are lucky if we're wrong we take our 10 pip hit (or whatever) and move on, was lucky to catch the buy yesterday but I think FOMC showed the intentions of the banks with regards to USD
136 looks definitely on … might have to put an end to my trade
Insane in the Brain..
  • #617,802
  • Aug 19, 2021 1:44am Aug 19, 2021 1:44am
Quoting MTF Test
{quote} Good to see you Jay!
Thanks, Bro. Good to be back.
  • #617,803
  • Aug 19, 2021 1:44am Aug 19, 2021 1:44am
Hello friends how was your trading yesterday? the long selling of cable we posted yesterday in America session which which suffered buyers digression eventually continued overbite as expected. And closing high above today's resistance and support @ 1.3739 and 1.3678, European traders being bullish. this morning. shall seek to break the bullish bias. pont @1.3714 where they have support to climb over. sellers. resistance. @1.3725. price must need. stay above 1.3721 till 12pm. GMT. if the American. traders. must continue. bullish. otherwise they sell towards 1.3625.happy trading
  • #617,804
  • Aug 19, 2021 1:45am Aug 19, 2021 1:45am
Quoting mysterio
{quote} Whats bullish about it? I want to believe but I don't see it at all. The only thing bullish is the basing around 1.3720 on the daily I think 1.39 will eventually be hit but it may be 1.36 area first-- with that said i'm open to buys in the green zone in my last charts {image}
1.3670 demand area on the daily
Compulsions can be hard to resist
  • #617,805
  • Aug 19, 2021 1:45am Aug 19, 2021 1:45am
Quoting Waveskierrob
SHORT @ 1.3759 no tp no sl
closed 1.3703 +56 pips
  • #617,806
  • Aug 19, 2021 1:45am Aug 19, 2021 1:45am
if we get a bounce its an opportunity to reshort
Attached Image (click to enlarge)
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MY OPINION NOT FINANCIAL ADVISE
  • #617,807
  • Aug 19, 2021 1:45am Aug 19, 2021 1:45am
Quoting BeeTogether
{quote} 136 looks definitely on … might have to put an end to my trade
I dunno how big a dive you can tolerate

I expect 1.36 will give a much larger bounce

But I don't do wide stops precisely because I can't predict what will happen in the world only what price is saying on the day. Could hedge?
  • #617,808
  • Aug 19, 2021 1:46am Aug 19, 2021 1:46am
Quoting Theoak
Short in at 1.3710 {image}
Closed first lot for 7.5 pips. This could really go but sticking to strategy. Stops BE run the rest!!!!
Attached Image (click to enlarge)
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Don't trade what you think. Just what you see!!!
  • #617,809
  • Aug 19, 2021 1:47am Aug 19, 2021 1:47am
Attached Image (click to enlarge)
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out with the old trend lines in with the new ,, i hope its right million pound a stake
  • #617,810
  • Aug 19, 2021 1:51am Aug 19, 2021 1:51am
Indices taking a pounding this week, maybe selling and buying $$$$$ who know ... not me
  • #617,811
  • Aug 19, 2021 1:52am Aug 19, 2021 1:52am
Attached Image (click to enlarge)
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but first it needs to break this tl it should ????break it to fill the tail but then we could??? could also have a db , so all noted
  • #617,812
  • Aug 19, 2021 1:54am Aug 19, 2021 1:54am
Attached Image (click to enlarge)
Click to Enlarge Name: chart (58).png Size: 57 KB
target below thats the first tl so we can now see it better
  • #617,813
  • Aug 19, 2021 1:57am Aug 19, 2021 1:57am
Quoting Waveskierrob
Indices taking a pounding this week, maybe selling and buying $$$$$ who know ... not me
yes its overdue for correction.. the oscillators are way overbought.... but its going to be a perfect buying opportunity. they go up like more than 80% of the time.
Trend_Masters
  • #617,814
  • Aug 19, 2021 2:00am Aug 19, 2021 2:00am
Attached Image (click to enlarge)
Click to Enlarge Name: chart (59).png Size: 79 KB
back to the inner workings all set now for the day
  • #617,815
  • Aug 19, 2021 2:02am Aug 19, 2021 2:02am
Attached Image (click to enlarge)
Click to Enlarge Name: chart (60).png Size: 128 KB
  • #617,816
  • Aug 19, 2021 2:02am Aug 19, 2021 2:02am
Quoting KiwiTrada
{quote} 1 2700 done and dusted moving onto next resistance previous daily high 1 2729 pa now 1 2724
chit hold on to your hats major move about to happen, you need to be on the right side gb 100 dumped massive, bbl very busy
If you are new to Forex? Say Goodbye to your account!!
  • #617,817
  • Aug 19, 2021 2:04am Aug 19, 2021 2:04am
Long scalp
target 1.3729
Attached Image (click to enlarge)
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  • #617,818
  • Aug 19, 2021 2:04am Aug 19, 2021 2:04am
After one week of indecision, it has started to move to its destined position
The fragrance remains in the hands of those that gves the rose
  • #617,819
  • Aug 19, 2021 2:06am Aug 19, 2021 2:06am
SHORT 1.3703 no tp no sl
  • #617,820
  • Aug 19, 2021 2:06am Aug 19, 2021 2:06am
Quoting mysterio
{quote} I dunno how big a dive you can tolerate I expect 1.36 will give a much larger bounce But I don't do wide stops precisely because I can't predict what will happen in the world only what price is saying on the day. Could hedge?
Unfortunately no resource to hedge. I withdrew most of my balance over the last 2 months. Could possibly let 136 be the bounce back need to work out if going short from a retrace position will work.
Insane in the Brain..
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