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Cable Update (GBPUSD)

  • #618,861
  • Aug 24, 2021 3:32am Aug 24, 2021 3:32am
Quoting kk300
Hi all.. My father has been passed away at 11th of this month... wasnt been able to trade. Hope you all are fine.
My deepest condolences.

RIP.
Intraday only.
  • #618,862
  • Aug 24, 2021 3:32am Aug 24, 2021 3:32am
Quoting Georginson
{quote} I feel the easy short was at 1.3740 area earlier, now bears have limited move for today.
agree it feels like a small area for a buy .. potentially around 13680-90
Insane in the Brain..
  • #618,863
  • Aug 24, 2021 3:33am Aug 24, 2021 3:33am
Attached Image (click to enlarge)
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Quoting Georginson
{quote} I feel the easy short was at 1.3740 area earlier, now bears have limited move for today.
Attached Image (click to enlarge)
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Yes great entry if anybody followed the rule
  • #618,864
  • Aug 24, 2021 3:34am Aug 24, 2021 3:34am
Quoting JayBag
{quote} Hi bro, Perhaps it's time for Lee? these current levels, buy levels IMO... I mean, we had a daily close above 1.37146. I am also on the BEAR side, however, I don't wanna stand in the way of retracement/range
how far retrace can it be jay ?
in my censor , its 1.39000 level - 1.4000 level and 1.40800 level
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #618,865
  • Aug 24, 2021 3:36am Aug 24, 2021 3:36am
Moved back to long at 13701 will allow for 50 pip SL tp open
Insane in the Brain..
  • #618,866
  • Aug 24, 2021 3:43am Aug 24, 2021 3:43am
Quoting kris89
{quote} how far retrace can it be jay ? in my censor , its 1.39000 level - 1.4000 level and 1.40800 level
We have exact extremes in mind. I will be very pleased/comfortable to stack in more shorts at 1.40 area. For me, that is likely to be the extreme price. Anything above that may change my overall idea.

Should 1.40 rejects it, bear pressure is likely till 1.32 with minor or no retraces.

Let's see how they play it.
  • #618,867
  • Aug 24, 2021 3:46am Aug 24, 2021 3:46am
Quoting JayBag
{quote} We have exact extremes in mind. I will be very pleased/comfortable to stack in more shorts at 1.40 area. For me, that is likely to be the extreme price. Anything above that may change my overall idea. Should 1.40 rejects it, bear pressure is likely till 1.32 with minor or no retraces. Let's see how they play it.
thanks jay , just sharing mind if we have a same level to watch

best regrats
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #618,868
  • Aug 24, 2021 3:51am Aug 24, 2021 3:51am
Quoting JayBag
{quote} Hi bro, Perhaps it's time for Lee? these current levels, buy levels IMO... I mean, we had a daily close above 1.37146. I am also on the BEAR side, however, I don't wanna stand in the way of retracement/range
i'm just follow the simple market structure and trying to enter trade on the confluence zone (S&D\RN)
and playing probability game with reasonable R:R ratio

unfortunately i can't predict long term trade as you do, when i try to do that market punished me right away.
  • #618,869
  • Aug 24, 2021 3:53am Aug 24, 2021 3:53am
Quoting Georginson
{quote} I feel the easy short was at 1.3740 area earlier, now bears have limited move for today.
the market structure with 30m\1h straight line from tomorrow morning is no trade for me.
because i dont have the real confirmation for short.
now with the drop below Asian low with fresh and new LL i can look for short and stop right above today high.
  • #618,870
  • Aug 24, 2021 4:04am Aug 24, 2021 4:04am
H&S Pattern identified in Weekly Cable chart last week. Price retraced and rejected near neckline area around 1.3750. My Guess price will be going down to 1.35 area this week.
  • #618,871
  • Aug 24, 2021 4:04am Aug 24, 2021 4:04am
buy limit 1.37 --- sl -25p
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 47 KB


--- re-entry the same place if sl hit
Daddy, Brother, Lover, Little Boy
  • #618,872
  • Aug 24, 2021 4:07am Aug 24, 2021 4:07am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #618,873
  • Aug 24, 2021 4:11am Aug 24, 2021 4:11am
what im looking for
Attached Image (click to enlarge)
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  • #618,874
  • Aug 24, 2021 4:12am Aug 24, 2021 4:12am
Quoting gatenio
what im looking for {image}
agree since asian low is breach and price still below it

but in condition the price didnt get 50% of the last dropped
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #618,875
  • Aug 24, 2021 4:23am Aug 24, 2021 4:23am
1.37200 turn down to fill the untested area or continue up since H4 wicked touched the 50 fibo
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #618,876
  • Aug 24, 2021 4:24am Aug 24, 2021 4:24am
SL moved to 13702
Insane in the Brain..
  • #618,877
  • Aug 24, 2021 4:28am Aug 24, 2021 4:28am
Quoting BeeTogether
SL moved to 13702
Same, think we're in sync on this trade. Whats your TP?
  • #618,878
  • Aug 24, 2021 4:31am Aug 24, 2021 4:31am
There is some bearish hidden divergence on this move up inside the asian range
  • #618,879
  • Aug 24, 2021 4:37am Aug 24, 2021 4:37am
Quoting Scotteyy
{quote} Same, think we're in sync on this trade. Whats your TP?
Open TP at the moment however will look at today’s high
Insane in the Brain..
  • #618,880
  • Aug 24, 2021 4:41am Aug 24, 2021 4:41am
Quoting Mr.Burger
buy limit 1.37 --- sl -25p {image} --- re-entry the same place if sl hit
I canceled my pending order, it's a little scary to me
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 44 KB
Daddy, Brother, Lover, Little Boy
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