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Cable Update (GBPUSD)

  • #619,341
  • Aug 26, 2021 1:57am Aug 26, 2021 1:57am
Though anything is possible, but the fact is that stock seems to have run out of gas, and the path of least resistance now is south, as you all know, cable will follow, it is just waiting for catalyst, maybe Powell
  • #619,342
  • Aug 26, 2021 2:01am Aug 26, 2021 2:01am
Quoting kris89
{quote} i see it on M1 xD , the area that Liu may fake and lee may kick in with hard
Man you got this. Busted this time. Hopefully 50 Retracement with the 1H trend line will hold the price. Deeper retracement would mean above .138xx
Fools Rushing
  • #619,343
  • Aug 26, 2021 2:02am Aug 26, 2021 2:02am
Divergence on these pushes down, i think they're bringing sellers in for an initial break up above asia range. Not totally certain
  • #619,344
  • Aug 26, 2021 2:08am Aug 26, 2021 2:08am
Quoting MTF Test
{quote} Man you got this. Busted this time. Hopefully 50 Retracement with the 1H trend line will hold the price. Deeper retracement would mean above .138xx
yes busted , still ive my sl on it so no problem , ill add the new buy near 1.37280 area , that my last buying area for it
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #619,345
  • Aug 26, 2021 2:09am Aug 26, 2021 2:09am
50 - 200 DMA H1 vs 50 - 200 DMA Daily Story
not euphoria follower
  • #619,346
  • Aug 26, 2021 2:12am Aug 26, 2021 2:12am
only one trade for today, no sl yet
50 pips up for me.
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  • #619,347
  • Aug 26, 2021 2:12am Aug 26, 2021 2:12am
still 30 pip range , and these London is playing the rules as up and down , NYO ill really awaiting these on Prelim GDP . more down more good for me to get buy
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #619,348
  • Aug 26, 2021 2:14am Aug 26, 2021 2:14am
Quoting kris89
{quote} yes busted , still ive my sl on it so no problem , ill add the new buy near 1.37280 area , that my last buying area for it
Same here. my SL is @ 220. Below that. not interested in buys.
Fools Rushing
  • #619,349
  • Aug 26, 2021 2:19am Aug 26, 2021 2:19am
Little bulish 5:0 pattern .
not euphoria follower
  • #619,350
  • Aug 26, 2021 2:20am Aug 26, 2021 2:20am
Quoting JayBag
{quote} It should be interesting. I am feeling good today, I am looking to share one repetitive experience in a bit
I have decided to share this idea I noticed a whole lot of times using just BANDS (20). BB can be unreliable. However, the same goes for all tools we have at our disposal. They work until they don't. In this instance, this is when BB works. I am calling it Pressure base, Mark 1 and, Mark 2 (Fancy names lol)

We already have a pressure base at 1.361 area. Mark 1 came in at around 1.37146 area. Typically, after mark 1, an impulsive wave is expected followed by a minor retrace to prepare for Mark 2. I have no idea where Mark 2 will form. This historic PA usually provides 2 consistent marks in most cases. That being said, I am expecting a wave up. I have 1.40 area in mind, so I am expecting mark 2 to provide the BASE for it.

Now, this is just my observations and not FACT. I thought I share my thought process as to why I am keen on 1.40 area for our BEAR continuation.

Be Kind Gang
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  • #619,351
  • Aug 26, 2021 2:21am Aug 26, 2021 2:21am
Quoting gatenio
only one trade for today, no sl yet 50 pips up for me. {image}
If 1.3720 does not break then that 50 pips target is realistic, which means 1.3775//1.3786 resistance area may be tested today.

Bears need to stay patient and watch 1.3786 very closely.
Data + Stat + Risk/Emotions Management
  • #619,352
  • Aug 26, 2021 2:21am Aug 26, 2021 2:21am
Gone long at 13735
Insane in the Brain..
  • #619,353
  • Aug 26, 2021 2:26am Aug 26, 2021 2:26am
Quoting JayBag
{quote} I have decided to share this idea I noticed a whole lot of times using just BANDS (20). BB can be unreliable. However, the same goes for all tools we have at our disposal. They work until they don't. In this instance, this is when BB works. I am calling it Pressure base, Mark 1 and, Mark 2 (Fancy names lol) We already have a pressure base at 1.361 area. Mark 1 came in at around 1.37146 area. Typically, after mark 1, an impulsive wave is expected followed by a minor retrace to prepare for Mark 2. I have no idea where Mark 2 will form. This...
Holy god, Ain't those grids or orders? How many have you opened. Thousand. I am going crazy to see that.

PS : Some nice staking you got there jay. Cheers!
Fools Rushing
  • #619,354
  • Aug 26, 2021 2:28am Aug 26, 2021 2:28am
Quoting kris89
still 30 pip range , and these London is playing the rules as up and down , NYO ill really awaiting these on Prelim GDP . more down more good for me to get buy
FOMO , added reenter the buy SL using the logical risk , RR still good , still hold my buy from below 1.3700 , nothing change , will add more after today candle close bullishem
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #619,355
  • Aug 26, 2021 2:33am Aug 26, 2021 2:33am
Quoting JayBag
{quote} I have decided to share this idea I noticed a whole lot of times using just BANDS (20). BB can be unreliable. However, the same goes for all tools we have at our disposal. They work until they don't. In this instance, this is when BB works. I am calling it Pressure base, Mark 1 and, Mark 2 (Fancy names lol) We already have a pressure base at 1.361 area. Mark 1 came in at around 1.37146 area. Typically, after mark 1, an impulsive wave is expected followed by a minor retrace to prepare for Mark 2. I have no idea where Mark 2 will form. This...
its wormzone
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #619,356
  • Aug 26, 2021 2:34am Aug 26, 2021 2:34am
We haven't seen 1.36700 two days. Today is the last chance, won't miss it
  • #619,357
  • Aug 26, 2021 2:37am Aug 26, 2021 2:37am
Hi all... i think as it came back in the range.. probably going for lower and a bit more..
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  • #619,358
  • Aug 26, 2021 2:39am Aug 26, 2021 2:39am
Quoting MTF Test
{quote} Holy god, Ain't those grids or orders? How many have you opened. Thousand. I am going crazy to see that. PS : Some nice staking you got there jay. Cheers!
Lol. I lost count bro. I am just averaging-in instead of using full-size lot in one spot.
it's sick but quite effective for me so far.
  • #619,359
  • Aug 26, 2021 2:42am Aug 26, 2021 2:42am
Quoting kris89
{quote} its wormzone
Oh yeah?

Well, I guess that's the disadvantage of not taking any formal lessons, rather just do screen time watching PA tick all day, all night (even weekends lol)
  • #619,360
  • Aug 26, 2021 2:44am Aug 26, 2021 2:44am
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yes yes yes
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