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Cable Update (GBPUSD)

  • #618,421
  • Aug 20, 2021 10:05am Aug 20, 2021 10:05am
The H4 bounced off the 8MA which it loves to do! Few more retail buyers have come in long but still need more to go below 1.36 I think.
  • #618,422
  • Aug 20, 2021 10:06am Aug 20, 2021 10:06am
anything can happen GU can go either way.... imo it is in awkward 30pip range today therfore it could very well breakout to the top next week becuase it is at strong support at the moment and small daily candles that form at support are usually followed by strong moves.

The VIX is down today risk mode in on stocks rallying n100 takes back weekly losses nice. if only i could catch these rallys in stocks but i will be patient and wait for my setup to form ns100 patents is key.
Trend_Masters
  • #618,423
  • Aug 20, 2021 10:07am Aug 20, 2021 10:07am
Quoting BeeTogether
Ok cable come to papa ! 13570 is calling you
How about your buy? Exited?
  • #618,424
  • Aug 20, 2021 10:07am Aug 20, 2021 10:07am
Quoting Tekin
i think 1.3771 can push it down to 1.3622 not sure very tight stop 20 pips


will it continue down or upto 1.3722
  • #618,425
  • Aug 20, 2021 10:08am Aug 20, 2021 10:08am
Quoting Tekin
{quote} will it continue down or upto 1.3722
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  • #618,426
  • Aug 20, 2021 10:10am Aug 20, 2021 10:10am
A weird feeling that we may soon see 1.39 to 1.4 using D1. My belief for 1.42 is somewhat eroded
  • #618,427
  • Aug 20, 2021 10:13am Aug 20, 2021 10:13am
Quoting kerndc
anything can happen GU can go either way.... imo it is in awkward 30pip range today therfore it could very well breakout to the top next week becuase it is at strong support at the moment and small daily candles that form at support are usually followed by strong moves. The VIX is down today risk mode in on stocks rallying n100 takes back weekly losses nice. if only i could catch these rallys in stocks but i will be patient and wait for my setup to form ns100 patents is key.
yes a bit of a tug of war at the moment.
  • #618,428
  • Aug 20, 2021 10:15am Aug 20, 2021 10:15am
Quoting Mr.Burger
{quote} unlockdown area, close all orders on cable--- taking profit 20p --- today's new entry {image} --- re- entry @the same place if my sl hit have a great weekend everyone
I'm so ready if my sl hit, super duper low risk with the same sl, -3p to the 1.3600
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Daddy, Brother, Lover, Little Boy
  • #618,429
  • Aug 20, 2021 10:22am Aug 20, 2021 10:22am
Daily.
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  • #618,430
  • Aug 20, 2021 10:22am Aug 20, 2021 10:22am
Quoting Nd10
{quote} How about your buy? Exited?
Yeah took a massive hit but I personally should have pulled out at 138 and followed the down trend. We are at the end of the down movement I think however there is room for at least another 60-80 pips down first
Insane in the Brain..
  • #618,431
  • Aug 20, 2021 10:35am Aug 20, 2021 10:35am
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yes yes yes
  • #618,432
  • Aug 20, 2021 10:36am Aug 20, 2021 10:36am
Quoting BeeTogether
{quote} Yeah took a massive hit but I personally should have pulled out at 138 and followed the down trend. We are at the end of the down movement I think however there is room for at least another 60-80 pips down first
Totally agree, I stayed on the sidelines whole day, sold the spike @1.3730 for 15 pips and thats it, I think Monday we may see continuation to 1.3570-1.3530 before any bounce
  • #618,433
  • Aug 20, 2021 10:37am Aug 20, 2021 10:37am
Quoting viktoriaxz
Daily. {image}
What do you make out of this
  • #618,434
  • Aug 20, 2021 10:38am Aug 20, 2021 10:38am
Quoting BeeTogether
{quote} Yeah took a massive hit but I personally should have pulled out at 138 and followed the down trend. We are at the end of the down movement I think however there is room for at least another 60-80 pips down first
Massive hit.. Wow. This ain't easy either way
  • #618,435
  • Aug 20, 2021 10:38am Aug 20, 2021 10:38am
Quoting Moty
{image}
Gold is neither bullish or bearish now, more like sideways, I have stayed away today waiting for a breakout for a direction but nothing yet
  • #618,436
  • Aug 20, 2021 10:39am Aug 20, 2021 10:39am
Quoting Nd10
{quote} What do you make out of this
i double bottom and you
  • #618,437
  • Aug 20, 2021 10:48am Aug 20, 2021 10:48am
Quoting Nd10
{quote} What do you make out of this
This price don fall yakata... Don't expect more than 1.3786 before further crash to 1.3446 next.
Data + Stat + Risk/Emotions Management
  • #618,438
  • Aug 20, 2021 10:48am Aug 20, 2021 10:48am
Quoting Nd10
{quote} Massive hit.. Wow. This ain't easy either way
yeah one of those things I suppose. Need to keep remembering to scalp the immediate profits 10-30 pips. Everyday is a new learning curve
Insane in the Brain..
  • #618,439
  • Aug 20, 2021 10:52am Aug 20, 2021 10:52am
If this price go up on daily.You see 1.41 after i dont know
  • #618,440
  • Aug 20, 2021 10:58am Aug 20, 2021 10:58am
I think next week I look for 1.3720 for correction from here after some ranging then more bear-- DXY seems to have broken range and likely up to 95 area next

Might change my mind, lets see
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