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Cable Update (GBPUSD)

  • #618,461
  • Aug 20, 2021 2:32pm Aug 20, 2021 2:32pm
... Some encouragement for the bulls/those holding long positions into the w/e, maybe?- A 1hr bullish engulf candle at the lo that engulfed the prev 6 candles on that t/f (a bullish engulf on 4hr too [gmt+3 4hr candle,]) and we have regular bullish divergence patterns at that 3601 current and likely dly lo extending to the 1hr chart. As you will see on 1hr below the histogram oscillator failed to make it below it's zero line at that lo.
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Trader with an Edge.
  • #618,462
  • Aug 20, 2021 2:40pm Aug 20, 2021 2:40pm
Quoting Pat Chiko
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. {image}{image}
did you put your stops at 1.3695?
  • #618,463
  • Aug 20, 2021 2:51pm Aug 20, 2021 2:51pm
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  • #618,464
  • Aug 20, 2021 2:54pm Aug 20, 2021 2:54pm
scalping for 10 pips, buy.., with SL 10pips
probably it's too late for such move ( 10 pips )
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dolce vita
  • #618,465
  • Aug 20, 2021 2:54pm Aug 20, 2021 2:54pm
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there you go guys my thoughts ,,, but that is only a small part of the mind set ,,, some might say ,,, its a mere bagatelle lol
  • #618,466
  • Aug 20, 2021 2:58pm Aug 20, 2021 2:58pm
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  • #618,467
  • Aug 20, 2021 2:59pm Aug 20, 2021 2:59pm
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}
Congrats, awesome forecast, not easy
  • #618,468
  • Aug 20, 2021 3:00pm Aug 20, 2021 3:00pm
added euro.., buy.., same 10x10
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dolce vita
  • #618,469
  • Aug 20, 2021 3:09pm Aug 20, 2021 3:09pm
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chart long for now until s/r comes into play... . i hope Pat likes the charts it takes a while to do
  • #618,470
  • Aug 20, 2021 3:11pm Aug 20, 2021 3:11pm
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  • #618,471
  • Aug 20, 2021 3:19pm Aug 20, 2021 3:19pm
just posted in gold
  • #618,472
  • Aug 20, 2021 3:37pm Aug 20, 2021 3:37pm
Quoting mysterio
{quote} Congrats, awesome forecast, not easy
Thanks mate... Happy weekend to you.

Quoting elbert3
{quote} looks like up first here George 3715 could ???could be the number
I will check the chart at length this weekend to look into the possibility of 1.3715 and revert.

Cheers.

Quoting W0lfram
{quote} Crystal Ball of the Week award is yours. Impatiently waiting for next week.
Thanks mate, I'm flattered... Will see what next week will hold for us.
Data + Stat + Risk/Emotions Management
  • #618,473
  • Aug 20, 2021 3:51pm Aug 20, 2021 3:51pm
Hello friends what a day we had however let's beware of overnight selling till Monday which shows the European traders shall continue to sell. Becareful taking longs a we have wild selling next.
  • #618,474
  • Aug 20, 2021 9:38pm Aug 20, 2021 9:38pm
Start entering monthly consolidation phase ...
not euphoria follower
  • #618,475
  • Aug 21, 2021 12:13am Aug 21, 2021 12:13am
indecision daily candle , long from 1.360410
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yes yes yes
  • #618,476
  • Aug 21, 2021 12:24am Aug 21, 2021 12:24am
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}
I see when you have a difference of opinion with Mr. Homer Simpson OnlineAddict, both predict without the slightest chart, makes me interested to see you two

--- George, you always wow lol
Daddy, Brother, Lover, Little Boy
  • #618,477
  • Aug 21, 2021 1:06am Aug 21, 2021 1:06am
Quoting Georginson
{quote} Thanks mate... Happy weekend to you. {quote} I will check the chart at length this weekend to look into the possibility of 1.3715 and revert. Cheers. {quote} Thanks mate, I'm flattered... Will see what next week will hold for us.
Sure. I hope you have no illusions about the accuracy of your forecasts. One tried to predict a binary outcome, ended up on the Moon.
Best of luck.
Air force
  • #618,478
  • Aug 21, 2021 2:12am Aug 21, 2021 2:12am
Gbpusd on a daily perspective has entered a new downwards cycle. There is currently a pull back which is taking place on the 4 hour chart to level 1.36400. At this level the trend downwards will resume.
  • #618,479
  • Aug 21, 2021 2:47am Aug 21, 2021 2:47am
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...
Morning I posted more the same but at the close we had a retrace and it hit 61.8 fib and went down .. 2. It could be going back to confirm the buy 2.. strong bear trend just wipes it out and we carry on to 2450 .3 Sunday we just gap up to 3666 area and the re attack that bottom .. regards E
  • #618,480
  • Aug 21, 2021 2:51am Aug 21, 2021 2:51am
Quoting W0lfram
{quote} Sure. I hope you have no illusions about the accuracy of your forecasts. One tried to predict a binary outcome, ended up on the Moon. Best of luck.
No mate, any forecast can go wrong and it's important to stay grounded to avoid over confidence which can ruin everything in a blink of an eye. The market is full of uncertainties and no one can be perfect but with good risk management and flexibility, one will stand a chance.

Cheers.
Data + Stat + Risk/Emotions Management
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