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Cable Update (GBPUSD)

  • #618,441
  • Aug 20, 2021 9:10am Aug 20, 2021 9:10am
I'm out of all short term shorts since the swing is moving North for now. For a bit of fun I'll take a scalp long if it comes back to 1.3620.
  • #618,442
  • Aug 20, 2021 9:45am Aug 20, 2021 9:45am
Quoting Georginson
{quote} This price don fall yakata... Don't expect more than 1.3786 before further crash to 1.3446 next.
I d feel u baba
  • #618,443
  • Aug 20, 2021 9:59am Aug 20, 2021 9:59am
Quoting sd59
I'm out of all short term shorts since the swing is moving North for now. For a bit of fun I'll take a scalp long if it comes back to 1.3620.
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Working at the moment - if it makes it to the 50 level will be a good end to week!
  • #618,444
  • Aug 20, 2021 10:01am Aug 20, 2021 10:01am
Quoting gatenio
Morning guys. Scalping friday. Long 1.3621 tp 1.366 sl 1.36 R:R 1:2
Decided to close this with 10 pips profit.
Lucky me price didnt took my stop.

Awful week, i cant count my stopped out on 1 hand, i gave too much respect to the daily trend when 4h clearly shows the early signs.
there is always room to improve.

have nice weekend.
we will rock it next week.
  • #618,445
  • Aug 20, 2021 10:08am Aug 20, 2021 10:08am
Quoting MTF Test
I still reckon Bulls. Probably from now. As per My crystal BALL
No One listened. First TP -36440 Second TP - 36650.

Have a nice weekend people ! Be blessed.
Fools Rushing
  • #618,446
  • Edited 11:12am Aug 20, 2021 10:25am | Edited 11:12am
Weekly trade idea For GBPUSD & GOLD

Sell 5 mins before before trading closes today. look for 300 points down. use 300 points for stop. if jump up 100 point Monday = Good news for RR .. IF it GAPS down 200 points Monday will be too late that time.

in regards Gold

Weekly signal

i will buy if close above above 1784/5 1783 seems weak

look for 300point up use 300 point for stop.

Gold was buy last week Thursday from 1752... daily this is continuation of that daily trend.

The daily RSI AND weekly RSI have plenty of room to move up...

if this works out as i mentioned in - https://www.forexfactory.com/thread/...8#post13674338 this past week the MONTHLY upside down head and shoulder pattern right shoulder is forming...
Maybe the H&S formation will come to completion around the next time the FED has a important meeting 22 September 2021.

Fed chair Powel due t speak next week friday and there is plenty of important economic news running upto the 22 September to influence the Dollar gold price. i said in that post that Gold could move to 2100.... i think if the pattern formation plays out it can reach 2000 per ounce...

PS for the GOLD trade i am not going to enter tonight will wait until next week to get a better RR.. Will put a order 200points below todays close price for a 5:1 RR

it may or may not reach that entry but from monday i will be looking for buying opportunities knowing very well the daily and weeily time frames are bullish.


regards.
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Trend_Masters
  • #618,447
  • Aug 20, 2021 10:30am Aug 20, 2021 10:30am
I can notice most of you is calling for bullish move with first target bring 1.37 or higher, honestly i dont see any bullish signs yet, i still see a move to 1.3570-1.3540 is imminent

Personally will only buy if it get there, i took a small short and plan to keep it over the weekend
  • #618,448
  • Aug 20, 2021 10:37am Aug 20, 2021 10:37am
remain bearish to 135 to find buyers if we do then you know where it should lead us to on the chart..

Mid term Bearish
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MY OPINION NOT FINANCIAL ADVISE
  • #618,449
  • Aug 20, 2021 10:53am Aug 20, 2021 10:53am
GU

Bit busy today.

anyway, I see this set up.

I give it a go.

Scalping short.

Sharing set up process in taking the trade, it may turn against me, but SL is there to mitigate the risk.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #618,450
  • Aug 20, 2021 10:55am Aug 20, 2021 10:55am
Just home and only l clue appeared from my critic post this morning lol . I am just sad what a rubbish day . I might buy a load to move the marketplace
  • #618,451
  • Aug 20, 2021 11:08am Aug 20, 2021 11:08am
Easy Profit vs Hard Profit
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  • #618,452
  • Edited 11:21am Aug 20, 2021 11:09am | Edited 11:21am
Hi Guys,
As I see a lot of non-related GbpUsd bollocks posts here lately, I have decided to take a back seat, for the time being, this is SUPPOSED to be a cable thread only and is slowly becoming the wild west.
I have had pm's about Gu direction and will try my best to help fellow traders.
So here goes:
Gu from a monthly perspective is clearly down and has breached significant levels in my opinion, we still have 10 days to go to month end so we will have to see.
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From a weekly perspective, one of the few majors that have not reached my yearly pivot at 1.2918, We should have almost a full weekly close bar and that is very bearish in my opinion,'
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From a daily perspective, very bearish but I see a pullback going into month-end and possibly towards my future week ly pivot at 1.3700.
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Trade Safe,
Cheers.
Trade to trade another day
  • #618,453
  • Aug 20, 2021 11:35am Aug 20, 2021 11:35am
Quoting Wavegarrick
Hi Guys, As I see a lot of non-related GbpUsd bollocks posts here lately, I have decided to take a back seat, for the time being, this is SUPPOSED to be a cable thread only and is slowly becoming the wild west. I have had pm's about Gu direction and will try my best to help fellow traders. So here goes: Gu from a monthly perspective is clearly down and has breached significant levels in my opinion, we still have 10 days to go to month end so we will have to see. {image} From a weekly perspective, one of the few majors that have not reached my yearly...

Must agree with you Wavegarrick,

Since this is a GU thread, why not all of us post GU & related trade setups in here with charts and/or reasons for why you think the setup is valid.

That way we all can learn.

Have great weekends.

Best Regards

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #618,454
  • Aug 20, 2021 11:54am Aug 20, 2021 11:54am
Quoting Pat Chiko
{quote} Since this is a GU thread, why not all of us post GU & related trade setups in here with charts and/or reasons for why you think the setup is valid. That way we all can learn. Have great weekends. Best Regards PAT

Super idea - I will participate in that!
  • #618,455
  • Aug 20, 2021 11:55am Aug 20, 2021 11:55am
This Week High 1.3878 versus forecasted High 1.3890 (-12 pips difference)

This week Low 1.3601 versus forecasted Low 1.3600 (1 pip difference)

Accuracy Level 97%...

Wait for next week forecast.

Cheers.
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Data + Stat + Risk/Emotions Management
  • #618,456
  • Aug 20, 2021 11:58am Aug 20, 2021 11:58am
Quoting hasib
US30, Tried to out smart the market, Added another buy. Previous trade and new trade both hit stop. Actually we are in Strong down side pressure. Yes long Term Trend is up in D1 but In H1 we are in Down trend. Probably this NY session or Next week market may start move up. Probably Market may not move up until Jackson Hole. For god sake, Let's be careful out there Trade well every one {image}
i have copyright on that lol
  • #618,457
  • Aug 20, 2021 12:09pm Aug 20, 2021 12:09pm
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there just waiting for the train to get into the station emas are tightening up that means a move coming ,, but when ,, last minuet friday shock/surprise ???
  • #618,458
  • Edited 2:02pm Aug 20, 2021 12:11pm | Edited 2:02pm
... Only a 40pip range all day today - unless something happens in next couple of hours till the w/e close? Price failed to break south of the prev 4hr/dly/wkly sw lo zone down to 3566 but similarly failed to gain much traction upside on the pullback from the top of it.

A > 13 week awr week though (156%) and a likely very bearish thrust candle will result on the wkly t/f after the downside decisive beach of the ascending t/line joining 1410 with 3572, (light blue dashed line on dly chart below.) 2 x LH's and what will be a LL when it forms fractally on dly t/f now after the sell off from the 3983 HH when things looked oh so different up there.

Big initial question at start of next week is whether this prev 4hr/dly/wkly} x 2 swing lo zone down to 3566 (where the recent 3572 lo found support) can hold price up or whether the underlying bearishness which extends now to the daily chart, (with the weekly chart beginning to show some signs of it too [see earlier post I wrote today,]) will persist.

Dly and 1hr are below.
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Trader with an Edge.
  • #618,459
  • Aug 20, 2021 12:26pm Aug 20, 2021 12:26pm
Quoting Georginson
This Week High 1.3878 versus forecasted High 1.3890 (-12 pips difference) This week Low 1.3601 versus forecasted Low 1.3600 (1 pip difference) Accuracy Level 97%... Wait for next week forecast. Cheers. {image}
looks like up first here George 3715 could ???could be the number
  • #618,460
  • Aug 20, 2021 12:27pm Aug 20, 2021 12:27pm
Quoting Georginson
This Week High 1.3878 versus forecasted High 1.3890 (-12 pips difference) This week Low 1.3601 versus forecasted Low 1.3600 (1 pip difference) Accuracy Level 97%... Wait for next week forecast. Cheers. {image}
Crystal Ball of the Week award is yours.
Impatiently waiting for next week.
Air force
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