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Cable Update (GBPUSD)

  • #618,701
  • Aug 23, 2021 9:02am Aug 23, 2021 9:02am
Quoting JayBag
Good Morning Gang, I have had a lot to do lately. Got some time today and thought of sharing an idea. For some weird reasons, I still think 1.40 to the PIP is still left exposed. It's a question of may or may not. If we are to have a big range, it would be 1.40-1.37. Now we are at 1.37 so? Closing a few at risk here. I will launch new orders if/when it gets to the 1.40 area for the final crash landing. Keep Well and Be Safe
Good afternoon gang,

I am still leaning towards this idea. It would be interesting to stack more shorts at 1.40 area for a possible full-blown Liu. Until then, Spike Lee may have a field day. I actually think the main range between major levels (1.37-1.40) would begin right above 1.37146.

Keep well and remain safe gang
  • #618,702
  • Aug 23, 2021 9:12am Aug 23, 2021 9:12am
Quoting Headland
... 49% of 13week awr reached on 1st day of week, so far. 108% of 30day adr today in this 93pip move. Steep move up and a tight rising channel/ (wedge?) on 5/15 min. 4hr is below. {image}

I was wondering what makes the histogram high a legit peak before you draw the hidden divergence?
Follow The Markets Structure - Patience and Discipline
  • #618,703
  • Aug 23, 2021 9:13am Aug 23, 2021 9:13am
can we now go up on DXY?

over to you sir Powell
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MY OPINION NOT FINANCIAL ADVISE
  • #618,704
  • Aug 23, 2021 9:18am Aug 23, 2021 9:18am
Quoting Pat Chiko
GU Scalping {image}

I fail to see the relevance of left side of the chart once a reversal has taken place, i think you did the same thing on Friday and it went wrong
Follow The Markets Structure - Patience and Discipline
  • #618,705
  • Aug 23, 2021 9:19am Aug 23, 2021 9:19am
intraday buy is just over for now...13720 should be enough
Attached Image (click to enlarge)
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MY OPINION NOT FINANCIAL ADVISE
  • #618,706
  • Aug 23, 2021 9:19am Aug 23, 2021 9:19am
Quoting Georginson
{quote} @Navin2007... Last 6 years August most Repeated Range is 400 - 450 pips Last 6 months: most Repeated range is 412 - 460 pips (May, June &July) Maximum range is 675 pips (February) Minimum range is 341 pips (April) This August so far 355 pips (1.3957 - 1.3602) ✓ August Range has exceeded Minimum of 341 pips ✓ Next possible Range Target is 412 pips Which means 412 pips minus 355 pips (Current Range) = 57 pips. Since Current price (1.3623 is closer to the low) it means possibility of 412 pips range completion to the Low is realistic......
1.3705 projection already attained...
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Data + Stat + Risk/Emotions Management
  • #618,707
  • Aug 23, 2021 9:20am Aug 23, 2021 9:20am
Quoting Pat Chiko
GU Scalping {image}

can i copy ur trade ?
MY OPINION NOT FINANCIAL ADVISE
  • #618,708
  • Aug 23, 2021 9:28am Aug 23, 2021 9:28am
Quoting W0lfram
Managed to create sub-acc for mid/long term trades so as not to touch them and train patience. Prices far below start to appear, as well as a month ago, so placed a stop loss in case this time it will be true. Trades from Friday{image}{image}{image}
Adjusted sl
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Air force
  • #618,709
  • Aug 23, 2021 9:35am Aug 23, 2021 9:35am
Quoting pipfarm
{quote} I was wondering what makes the histogram high a legit peak before you draw the hidden divergence?
Hi, good question, the answer is that you don't know it's the actual histo hi (or lo) when you enter - all you know is that there is bullish (or bearish) hidden div in the osc (s) and that price has or has not reached a potential sbr/rbs zone and hopefully that there will be a regular bearish or bullish div based set-up on a t/f below to enter a trend (at a better price) that exists on at least that higher t/f that the hidden div develops on, preferably on t/f's above it too. For me it's more about supp/res/sbr/rbs, the div set-ups just time entries but crucially PA must agree too @ these potential supp/res/sbr/rbs zones/factors.

In this particular eg of 4hr bearish hidden div price would have to arrive @ potential sbr/res factors on the dly chart and possibly time an entry on the 1hr chart after PA shows signs of agreeing....this is presuming there is at least a downtrend on the dly chart.

Re hidden div - I also like to see a touch of the upper or lower 20bol - not crucial but preferable.
Trader with an Edge.
  • #618,710
  • Aug 23, 2021 9:36am Aug 23, 2021 9:36am
Someone think we will get any reverse for long entry?

Think they just hit the engine to 1.3787
will
look for another pair to trade this week.
  • #618,711
  • Aug 23, 2021 9:37am Aug 23, 2021 9:37am
Inserted Video
not euphoria follower
  • #618,712
  • Aug 23, 2021 9:47am Aug 23, 2021 9:47am
... 61.8% 3786-3602 reached, nearing last 4hr sw lo x 2 zone = prev supp = potential sbr starting @ 3720. Price @ 128% 30day adr at the current hi now. It's on one.
Trader with an Edge.
  • #618,713
  • Aug 23, 2021 9:48am Aug 23, 2021 9:48am
Quoting Mr.Burger
{quote} absolutely right, so I deleted my post
Mr.Burger, don't do it again. Someone who wants to learn trading based on HP will benefit greatly.
Always trade your own plan...I don't provide trading signals.
  • #618,714
  • Aug 23, 2021 9:48am Aug 23, 2021 9:48am
Watching for potential reversal around here. 1.3716-23
  • #618,715
  • Aug 23, 2021 9:52am Aug 23, 2021 9:52am
Hello friends cable buyers continue to look towards 1.3771osted earlier and if they fail to hit and close above might result in another bearish move down but their target for the week is. 1.3966
  • #618,716
  • Aug 23, 2021 9:56am Aug 23, 2021 9:56am
Quoting Coreg2004
{quote} Mr.Burger, don't do it again. Someone who wants to learn trading based on HP will benefit greatly.
Correg2004, yes of course thanks for remind me, and I don't know why on this thread got me addicted talking too much, even though i'm not in front on the chart lol
Daddy, Brother, Lover, Little Boy
  • #618,717
  • Aug 23, 2021 9:57am Aug 23, 2021 9:57am
... 7th consecutive 1hr bullish-bodied candle about to close from the pinbar...look at that 30min rising channel - it's ridiculous lol!
Trader with an Edge.
  • #618,718
  • Aug 23, 2021 10:00am Aug 23, 2021 10:00am
The expected bounce levels are 1.3705 - 1.3730 - 1.3760. as far as price stays below 1.3786, a Bearish move to 1.3516 is imminent in days ahead.

Trade with caution.
Data + Stat + Risk/Emotions Management
  • #618,719
  • Aug 23, 2021 10:01am Aug 23, 2021 10:01am
Attached Image (click to enlarge)
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Quoting Georginson
The expected bounce levels are 1.3705 - 1.3730 - 1.3760. as far as price stays below 1.3786, a Bearish move to 1.3516 is imminent in days ahead. Trade with caution.
yes as we said George it passed the 1618 fib and it could be over soon as its come up to join the tl
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  • #618,720
  • Aug 23, 2021 10:02am Aug 23, 2021 10:02am
Looking on the hourly pattern this could rise really high.
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Insane in the Brain..
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