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Cable Update (GBPUSD)

  • #618,001
  • Aug 19, 2021 8:09am Aug 19, 2021 8:09am
Quoting maziarb
{quote} Add short's in one minute pullbacks. {image}
Close all and long again.
  • #618,002
  • Aug 19, 2021 8:10am Aug 19, 2021 8:10am
Quoting navk
this long signal is valid for 60 to 70 pips if 3669/70 holds. IMO
Buy Zones for today are 1.3635 and 1.3665 area. This 4 hours candle will give the last low for today.

This 4 hours candle will have between 35 - 50 pips range, which points between 1.3635 - 1.3700 axis...
Data + Stat + Risk/Emotions Management
  • #618,003
  • Aug 19, 2021 8:13am Aug 19, 2021 8:13am
Quoting Georginson
{quote} Buy Zones for today are 1.3635 and 1.3665 area. This 4 hours candle will give the last low for today. This 4 hours candle will have between 35 - 50 pips range, which points between 1.3635 - 1.3700 axis...
Let us see.

Double bottom now.

And for me important level is 3669/70 and not 3665.

Likely to go up for 60 to 70 pips to me if my statement /analysis is correct.
Intraday only.
  • #618,004
  • Aug 19, 2021 8:14am Aug 19, 2021 8:14am
Quoting navk
{quote} Let us see. Double bottom now. And for me important level is 3669/70 and not 3665. Likely to go up for 60 to 70 pips to me if my statement /analysis is correct.
double bottom on what timeframe?
  • #618,005
  • Aug 19, 2021 8:14am Aug 19, 2021 8:14am
BoE could hike rates in 2023 – UOB
Thursday, August 19, 2021 09:42 AM
Trend_Masters
  • #618,006
  • Aug 19, 2021 8:16am Aug 19, 2021 8:16am
Quoting genadi
{quote} double bottom on what timeframe?
I see a demand zone in 5/15/30 minutes
Intraday only.
  • #618,007
  • Aug 19, 2021 8:16am Aug 19, 2021 8:16am
Quoting kerndc
BoE could hike rates in 2023 – UOB Thursday, August 19, 2021 09:42 AM

RBNZ holds now, points to rate hike later this year – UOB
Thursday, August 19, 2021 08:58 AM
Trend_Masters
  • #618,008
  • Aug 19, 2021 8:22am Aug 19, 2021 8:22am
Quoting Houtbay
Pat your green line is next level of support. Let’s see how price reacts. I have 100 pips below your level
There is time to go long,.............
time to go short............
...........and time to go fishing.


That is fishing ground for liquidity, as retail buyer came in after 1.3666, stop just below it. Just read from this thread alone, how many are buying. Why they are buying ?.Where's their stop ?

Here's my point on this,

If I know where the bulk of the retail stops are, I should be able to take advantage of that price and play toward it. You know ( Institutional Traders/Broker) knows where retail enter and placed their stop. It is just matter of time, they will take it.

In short their Stop Loss =Sell Stop = Cheap liquidity = easy money = is my TP = discount for buyer.

To illustrate, Chart below describe the process of Finding Liquidity (used to be called as Finding Nemo).



Attached Image (click to enlarge)
Click to Enlarge Name: gu 023.jpg Size: 138 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #618,009
  • Aug 19, 2021 8:23am Aug 19, 2021 8:23am
Quoting Waveskierrob
LONG and SHORT 1.3676 3 pips each way tp no sl
SHORT closed +3 pips
  • #618,010
  • Aug 19, 2021 8:23am Aug 19, 2021 8:23am
US30 buy trade, I have been waiting for this entry for long time. High risk trade I may stop out or I may close before stop out. I am expecting tp 1.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 29 KB
MA provides the market's current direction and strength.
  • #618,011
  • Aug 19, 2021 8:24am Aug 19, 2021 8:24am
The demand zone is still holding clearly seen on the 1HR..
Trying to create a double bottom on lower time frame
Attached Image (click to enlarge)
Click to Enlarge Name: hold.png Size: 10 KB
My telegram: https://t.me/avidforex
  • #618,012
  • Aug 19, 2021 8:25am Aug 19, 2021 8:25am
Quoting Waveskierrob
{quote} SHORT closed +3 pips
Finding Nemo ?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #618,013
  • Aug 19, 2021 8:25am Aug 19, 2021 8:25am
Out for a while
Attached File(s)
File Type: mp4 VID_20210819_201956_882.mp4   2.2 MB | 293 downloads
not euphoria follower
  • #618,014
  • Aug 19, 2021 8:29am Aug 19, 2021 8:29am
Quoting Pat Chiko
{quote} There is time to go long,............. time to go short............ ...........and time to go fishing. That is fishing ground for liquidity, as retail buyer came in after 1.3666, stop just below it. Just read from this thread alone, how many are buying. Why they are buying ?.Where's their stop ? Here's my point on this, If I know where the bulk of the retail stops are, I should be able to take advantage of that price and play toward it. You know ( Institutional Traders/Broker) knows where retail enter and placed their stop. It is just matter...
Very good point Pat

Avoid the FOMO and wait for it to poke under the last low for optimal buy (if you think it will go up)
  • #618,015
  • Aug 19, 2021 8:29am Aug 19, 2021 8:29am
Quoting kerndc
BoE could hike rates in 2023 – UOB Thursday, August 19, 2021 09:42 AM
GBP/USD remains heavily offered below 1.3700 mark, one-month lows
AUGUST 20, 2021 12:52 AM AEST
[COLOR=#B2BFD0 !important]SOURCE: [/color]FXSTREET
GBPUSD

  1. Strong follow-through USD buying prompted fresh selling around GBP/USD on Thursday.
  2. The risk-off mood and the Fed’s tapering plan continued acting as a tailwind for the USD.
  3. Diminishing odds for a BoE rate hike in the near future further undermined the sterling.

looks like fundamental probabilities for GBPUSD moving higher are getting smaller and smaller.

my donwside targets are

1.3650
1.3617
1.3540
1.3077

Trend_Masters
  • #618,016
  • Aug 19, 2021 8:30am Aug 19, 2021 8:30am
Buy now gj..

Tp1 150.566
tp2: 151.292
sl 149.520
Attached Image (click to enlarge)
Click to Enlarge Name: GJ.png Size: 10 KB
My telegram: https://t.me/avidforex
  • #618,017
  • Aug 19, 2021 8:36am Aug 19, 2021 8:36am
Quoting hasib
US30 buy trade, I have been waiting for this entry for long time. High risk trade I may stop out or I may close before stop out. I am expecting tp 1. {image}
I thought price stop me out when market open. seems like I survive.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.png Size: 26 KB
MA provides the market's current direction and strength.
  • #618,018
  • Aug 19, 2021 8:37am Aug 19, 2021 8:37am
Quoting OAPDave
{quote} Not sure who you Question is directed to But this would be my view {image} {image} {image} {image}
Another bear partty ...
not euphoria follower
  • #618,019
  • Aug 19, 2021 8:39am Aug 19, 2021 8:39am
Double bottom at 1.36685
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 08-19-2021 16.30(2).jpg Size: 118 KB
yes yes yes
  • #618,020
  • Aug 19, 2021 8:40am Aug 19, 2021 8:40am
Quoting mysterio
{quote} I'd say unlikely today, if we get a good reaction from ADR and it comes down to retest and holds then its likely to be the low of the day Could be wrong, watch the TL {image}
It may hold or break.

Until now holding.

As long as we have a reason to buy or sell, it is ok with stop in place.
Intraday only.
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